«18»September, 2019

LETTER OF INTENT
To: End Seller
Ref No: 100.IWG

We Asian Petroleum LLC Company, Buyer Representative in Singapore to buy Gasoil for the
consumer in Mongolia, hereby confirm with full legal and corporate responsibility and under
penalty of perjury that we are ready, willing and able to enter into a contract for the purchase
of the following commodity as specified below and that funding is available including any
import/export permits needed to fulfill the purchase of the commodity as specified below.
Also, hereby we introduce our exclusive purchase representative as specified below for this
purchase by which any negotiations by the suppliers must be handled and finalized;

 Commodity: Gasoil
 Type: Winter Gasoil
 Origin: Iran
 Specifications: Attached
 Trial Quantity: 20,000 Metric Tons trial
 Quantity: 50,000 Metric Tons Monthly
 Total quantity:: 620,000 Metric Tons
 Contract: 12 Months
 Incoterms: C&F Or Per By Seller
 Shipment: By Ship
 Packing: Bulk
 Inspection: SGS
 Payment terms: DLC MT 700 / SBLC MT 760 or Per By Seller
 Destination Port: Rizhao
 Port Located In The Country: China
 Destination Country: Mongolia
 Target Price: TBA
 Discount: Best Discount For This Purchase
 Specifications of the Russian Federation winter diesel (Annex 1)
 Specifications of the Russian Federation winter diesel (Annex 2)
  Note:
The buyer approved specifications are attached and the seller must meet exactly the same
specifications.
*
If the seller can provide better specifications than the buyer approved specifications, be sure to
include it in SCO.
*
This LOI is valid for 14 days after the date of issue and will not be renewed afterwards and no
evidence will be accepted.

We understand that any and all offer and/or contracts are subject to seller confirmation.

We look forward to your SCO and quotation ASAP.

Best regards
Chief Executive Officer (CEO)
Asian Petroleum Company LLC
BanHeng Koh