DATE : 18 JANUARY 2023

OUR REF. : 028_FCO-DNJ-112-T100K_TTO-STS_20221205

BUYER REF. : ----
SUBJECT : FULL CORPORATE OFFER
VALIDITY : 18 JANUARY 2023 – 26 JANUARY 2023
PAGE(s) : 6 (SIX) PAGES

TO
PT. DEANTOMABO NUSANTARA JAYA
OP OFFICE:. PERKANTORAN TANJUNG MAS RAYA BLOK B1 NOMOR 44,
JALAN TANJUNG BARAT RAYA, KEL. TJ. BARAT, KEC. JAGAKARSA
JAKARTA 12530, INDONESIA

ATTN. Mr. TOTO MARUTI BROTO, SE, MM. – PRESIDENT DIRECTOR

VIA. ARIANDHANA & RISKY A. HARITZ – SELLER MANDATE

Dear Sir,

We, SPM INTERNATIONAL TRADING with full legal responsibility, under the penalty of perjury hereby issues this corporate offer with given terms and
conditions to confirm our readiness to execute sales and purchase with end buyer, with the ability to supply the following commodity according to the terms
and condition stipulated in this corporate offer.

COMMODITY: EN 590 10 PPM

KAZAKHSTAN / MALAYSIA /QATAR OR OTHER NON SANCTIONED COUNTRIES (WILL BE

ORIGIN:
DETERMINE BY THE REFINERY)

SPECIFICATIONS: AS PER ANNEX A

QUANTITY 100,000 MT ± 5% PER-MONTH OR EQUIVALENT TO 1,200,000 MT ± 5% ANNUALY

CONTRACT LENGTH ANNUAL CONTRACT @ 100,000 MT ± 5% PER-MONTH FOR 12 MONTHS

PRICE: USD 520.00/MT (GROSS) and USD 510.00 (NET)

TOTAL VALUE: USD 52,000,000.00 (FIFTY TWO MILLION UNITED STATES DOLLAR)

DELIVERY TERM (INCOTERM) TTO (TITLE TAKE OVER) – STS (SHIP TO SHIP) TRANSFER/TTO

DISCHARGE PORT: STS AT INSIDE PORT TANJUNG BRUAS PORT, MELAKA, OR TANJUNG PELEPAS PORT, JOHOR

SGS/INTRERTEK/AMSPECT, QUALITY AND QUANTITY AND WILL BE THE FINAL DETERMINATION

INSPECTION:
FOR THE VOLUME AS BASIS FOR THE PAYMENT.

❶ BUYER WILL PAY AN ALLOCATION GURANTEE WITH CASH WITH THE VALUE OF 3% FROM
THE TOTAL VALUE OF THE PRODUCT OR EQUIVALENT TO USD. 1,560,000.00 (ONE MILLION
FIVE HUNDRED AND SIXTY THOUSAND UNITED STATES DOLLAR) VIA MT103 / TT WIRED
TRANSFER AFTER THE CONTRACT SIGNING AND THIS PAYMENT WIL BE DEDUCTED TO THE
FINAL SETTLEMENT.
PAYMENT TERMS:
❷ PAYMENT SETTLEMENT:
VIA OVERBOOKING (LEDGER TO LEDGER) BETWEEN ACCOUNT IN BANK MANDIRI OR VIA
TELEGRAPHIC TRANSFER / REMITTANCE UNDER THE SAME BANK WITH THE VALUE OF 97%
FROM THE TOTAL PRODUCT VALUE OR EQUIVALENT TO USD. 50,440,000.00 (FIFTY
MILLION AND FOUR HUNDRED FORTY THOUSAND UNITED STATES DOLLAR)

COMMISSION: USD 5.00/MT (BUYER SIDE) AND USD 5.00/MT (SELLER SIDE)

PAGE 1 OF 6
 TRANSACTION PROCEDURE
NON-NEGOTIABLE TTO-STS/OST PURCHASE PROCEDURES:

1. SELLERS ISSUE FULL CORPORATE OFFER (FCO) INDICATING PRICE, MINIMUM ORDER QUANTITY, PAYMENT TERMS AND NON-NEGOTIABLE
PROCEDURE.

2. BUYER’S ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) ADDRESSED TO THE SELLER ALONG WITH COMPANY PROFILE/CIS
(CLIENT INFORMATION SHEET), AND COPY OF BUYER PASSPORT. ON ICPO BUYER HAS TO INSERT THE SELLER NON-NEGOTIABLE
PROCEDURE.

3. AFTER BUYER COMPANY’S DUE DILIGENCE, SELLER ISSUES DRAFT OF SALES PURCHASE AGREEMENT (SPA) AND PROFORMA INVOICE (PI)
TO BUYER, AND WITHIN 48-72 HOURS, BUYER SIGN, SEALS AND RETURNS TO SELLER THE DRAFT CONTRACT IN MS WORD ALONG WITH BANK
COFIRMATION LETTER / RWA (VERBIAGE IS ATTACHED AS ANNEX E IN THIS FCO) TO THE SELLER INFORMING READINESS TO BLOCK,
RESERVE THE AFOREMENTIONED CASH FUNDS AND TO PAY PRODUCT ALLOCATION / TRANSACTION GUARANTEE CASH PAYMENT
OF 3% FROM THE TOTAL PRODUCT VALUE OR EQUIVALENT TO USD $1,560,000.00 (ONE MILLION FIVE HUNDRED AND SIXTY
THOUSAND UNITED STATES DOLLAR) VIA MT103/TT

5. AFTER RECEIVE ACKNOWLEDGE STATUS NOTIFICATION OF BANK COFIRMATION LETTER / RWA FROM SELLER BANK, WITHIN MAXIMUM 3
(THREE) WORKING DAYS, SELLER NOTARIZES THE CONTRACTS AND SENDS BACK TO BUYER ALONG WITH THE BELOW REFINERY ORIGINAL
PPOP DOCUMENTS ALONG WITH NCNDA & IMFPA VIA EMAIL:
A. PRODUCT QUALITY PASSPORT QUALITY CERTIFICATE. (ORIGINAL RUSSIAN DOC.)
B. CERTIFICATE OF PRODUCT ORIGIN. (ORIGINAL RUSSIAN DOC.)
C. PRODUCT AVAILABILITY (ORIGINAL RUSSIAN DOC.)
D. COMMITMENT LETTER TO SUPPLY THE PRODUCT. (ORIGINAL RUSSIAN DOC.)
E. AUTHORIZATION TO SELL AND COLLECT (ATSC). (ORIGINAL RUSSIAN DOC.)

6. UPON RECEIVE NOTARIZED SPA AND THE PPOP DOCUMENTS, BUYER SHOULD PAY IN CASH VIA MT103 / TT WIRED TRANSFER THE
ALLOCATION GUARANTEE OF USD $1,000,000.00 (ONE MILLION UNITED STATES DOLLAR) TO BUYER NOMINATED ACCOUNT
(ANNEX B OF THIS FCO) AND SEND TO THE SELLER THE PROOF OF TRANSFER/TELEX.

8. UPON RECEIPT NOTIFICATION AND CONFIRMATION FROM SELLER BANK REGARDING TO FUND RECEIVED; WITHIN MAXIMUM 7 (SEVEN)
WORKING DAYS, SELLER'S WILL BE ISSUE THE NON-RUSSIA COO & POP DOCUMENTS UNDER BUYER’S NAME (ALSO PREPARE THE
VESSEL & THE PRODUCT) VIA EMAIL AS LISTED BELOW::
A. BILL OF LADING
B. CERTIFICATE OF ORIGIN
C. CARGO MANIFEST
D. ULLAGE REPORT
E. ANALYSIS TEST REPORT
F. NOR / ETA (NOTICE OF READINESS / ESTIMATED TIME OF ARRIVAL).
G. Q88
H. DIP-TEST AUTHORIZATION (DTA) AND AUTHORIZATION TO ABOARD (ATB) THE VESSEL WHEN ARRIVED AT DISCHARGE PORT.

9. WHILE WAITING FOR THE POP DOCUMENTS THE BUYER SHOULD PROVIDE LETTER OF AFFIRMATION/READINESS TO RECEIVE PRODUCT
FROM BUYER’S TANK STORAGE COMPANY, SELLER WILL RE-ROUTE THE VESSEL TO THE AGREED INSIDE PORT LIMIT AT DESTINATION PORT TO
CONDUCT DIP-TEST AND SHIP TO SHIP TRANSFER AND THE SHIPMENT SHOULD ARRIVE AT BUYER’S DISCHARGE PORT WITHIN 10-14 DAYS.

10. UPON ARRIVAL AT BUYER NOMINATED DESTINATION PORT, THE BUYER AND THEIR NOMONATED INSPECTION COMPANY (SGS/
INTERTEK/SAYBOLT OR EQUIVALENT) ARE ALLOWED TO BOARD SELLER VESSEL TO DO PHYSICAL VERIFICATION AND CONDUCT AN
UNCONDITIONAL DIP-TES (U-DTA). THE INSPECTION WILL BE BORNE BY THE BUYER AT THE DISCHARGE PORT, UPON ACCEPTANCE OF Q & Q
REPORT BY BUYER, THE BUYER SHOULD RELEASE THE PAYMENT OF THE TOTAL PRODUCT VALUE VIA TELEGRAPHIC TRANSFER /
REMITTANCE AS STATED IN THE PAYMENT TERMS AND SELLER WILL COMMENCE TO INJECT THE PRODUCT TO BUYER TANK STORAGE;

11. AFTER SELLER GOT CONFIRMATION OF FUND RECEIVED, THEN SELLER HANDOVER THE TITLE OF PRODUCT OWNERSHIP AND ALL
ORIGINAL DOCUMENTS TO BUYER;

12. SELLER PAYS COMMISSION WITHIN 48 HOURS BY SWIFT MT103 TO ALL INTERMEDIARIES AS SIGNED NCNDA /IMFPA. THE NEXT
DELIVERY SHALL COMMENCE ACCORDING TO THE TERMS AND CONDITIONS OF THE CONTRACT.

PAST PERFORMANCE RECORD:

WE ARE NOT OBLIGED IN ANY WAY TO PROVIDE PAST PERFORMANCE RECORDS TO SHOW ANY BUYERS AS THIS IS PROHIBITED BY THE NCNDA THAT WE SIGNED WITH OUR REFINERY
SOURCE AND OUR EXIT BUYERS. THIS IS TREATED AS SERIOUS INFRINGMENT AND WE COULD STAND LOSE OUR RIGHT AS AN AGENT/RE-SELLER AND POSSIBILITIES TOO FACE LAW SUIT
FROM OUR REFINERY SOURCE ALSO OUR EXIT BUYERS. SO, DUE TO THIS LIMITATION, WE ARE NOT OBLIGATED TO PROVIDE ANY PAST PERFORMANCE RECORDS TO ANY INTERMEDIARIES,
FACILITATORS, BUYER REPRESENTATIVES, BUYER AND BUYING AGENTS.

Please fill up the CIS (Client Information Sheet) Form and send along with your Irrevocable Corporate Purchase Order (ICPO), Company
Registration Certificate and a Copy of CEO/Director International Passport to proceed to the next stage.

PAGE 2 OF 6
ICPO should be addressed to:

SPM International Trading

(PT Sinergi Pratama Mulyo)
18 OFFICE PARKS, 22nd FLOOR SUITE E-G,
JL. TB SIMATUPANG KAV 18, JAKARTA SELATAN
INDONESIA

ATTN. Mr. IGNASIO RORING – President / CEO

roringignasio@spmtrading.id
roringignasio@gmail.com

VIA. ARIANDHANA & RISKY A. HARITZ – SELLER MANDATE

Sincerely yours Acknowledge and Approved By

ON BEHALF OF THE BOARD OF MANAGEMENT PT. DEANTOMABO NUSANTARA JAYA
Mr. IGNASIO RORING Mr. TOTO MARUTI BROTO, SE, MM
TITLE: CEO TITLE: PRESIDENT DIRECTOR
PHONE: +62 812 9520 4098 (MOBILE) PHONE: +62 852 1166 8617 (MOBILE)

[BUYER SIGNATORY AND SEALS]

ELECTRONIC SIGNATURE AND STAMP ARE VALID AND ACCEPTED AS HAND SIGNATURE AND ORIGINAL STAMP
DISCLAIMER: THE INFORMATION TRANSMITTED IN THIS LETTER IS CONFIDENTIAL AND INTENDED ONLY FOR THE PERSON(S) OR ENTITY TO WHICH IT IS ADDRESSED AND MAY CONTAIN CONFIDENTIAL AND / OR
PRIVILEGED MATERIAL. HEREBY YOUR NOTIFIED THAT ANY REVIEW, DISCLOSURE, COPYING, DISTRIBUTION, RETRANSMISSION, DISSEMINATION, OR OTHER USE OF OR TAKING OF ANY ACTION IN RELIANCE UPON
THIS INFORMATION BY PERSONS, ENTITIES OTHER THAN THE INTENDED RECIPIENT IS STRICTLY PROHIBITED AND CAN BE UNLAWFUL.
END OF DOCUMENT

PAGE 3 OF 6
 ANNEX A
PRODUCT SPECIFICATIONS
ULTRAL LOW SULPHUR DIESEL (ULSD) - En 590 10 ppm

PAGE 4 OF 6
 ANNEX B
SELLER CEO PASSPORT

PAGE 5 OF 6
 ANNEX D
SELLER COMPANY REGISTRATION CERTIFICATE

PAGE 6 OF 6