TAN BROTHERS CONSULTANCY PTE LTD.

CLAYMORE PLAZA, 6 CLAYMORE HILL,

SINGAPORE 229571
Email Add: tanfeldman@gmail.com

Letter of Intent

Date : November 15th, 2018

In Reference to ICPO No : TBCI00
To : Weila Capital
Berkeley Square House, Berkeley Square
London, W1J 6BD

COMMODITY : Russian D-2GAS OIL (DIESEL)

ORIGIN : Russia
SPECIFICATIONS : See attached Annex A
QUANTITY : 50,000MT per month
PACKING : Bulk
SHIPPING TERMS : CIF
DESTINATION PORT : OKYC Port, South Korea
PRICE : USD 275 per metric ton (MT)
SHIPMENT SIZES : 50,000 metric ton per month
CONTRACT PERIOD : PRICE LOCKED IN for ONE (1) year with option to renew

President & CEO

Feldman Tan
Annex A
SPECIFICATION OF D-2 GAS (DIESEL) OIL L0.2/62

COMPONENT UNIT MIN MAX

Density @ 20 deg C kg/cu m 860
Color LB 0.003 0.01
Flash Point PMCC Deg C 62
Kinematic viscosity @20 deg C CST 3.0 6.0
Pour Point Deg C (*) -10.0
Cloud Point Deg C (*) -5.0
Mercaptan Sulphur 0.01
Acidity, mg/1000 cu cm 5
Iodine number g/100g 6
Ash % wt 0.01
Total Sulphur % wt 0.02 0.05
Copper Corrosion 3 hrs @50C 1A
CCR on 10% residues % wt 0.20
Cetane index 45
Distillation range
50% recovered volume Deg C 280
90% recovered volume Deg C 360
Bacteria MBC Fibre/lt 500
Bacteria CFU Fibre/lt 1000
Summer from March to October PP 5.0 Degrees C
Summer from March to October CP 0.0Degrees C
Winter from March to February PP 10.0 Degrees C
Winter from March to February CP 5.0Degrees C