FOR THE PURCHASE OF FUEL OIL NO 6 /385 STOCK

Company Name
Registration
Address
Principal
Title
Telephone
Email
Bank Name
Bank Address
Seller of Record: Buyer of Record:

Product: FUEL OIL NO 6. See Exhibit A Spec Sheet attached hereto.

Spot Quantity:
Terms:
Spot Price per Gallon:
Projected Spot Cost:
Spot Payment Guarantee:
Final Adjusted Invoice:
Refinery Payment Guarantee:
100,000,000 Gallons
FOB / EX TANK Port of Houston.
Gulf Coast Platt’s minus $0.50 USD (FIFTY Cents) per
gallon based on current benchmark of $2.04 USD per gallon.
$154,000,000 USD (One Hundred and Fifty-four million dollars)
Buyer will deposit the pro forma invoice amount into Escrow /
Trust., at Chase Bank in the USA. If the Seller does not perform
then Chase will refund the escrow funds to the Buyer’s bank
directly. In addition the Seller will pay an amount equal to 10
days cost of money based on the Chase Bank 1 year CD rate to
the Seller. The pro forma invoice will reflect Gulf Coast Platt’s
Benchmark as of the “Effective Date” appearing above.
The final adjusted invoice will set the Platt’s Benchmark as of the
date appearing on the SGS Report and reflect the quantity of
fuel confirmed by the SGS Report / Certificate of Analysis. The
funds deposited into escrow will be reconciled (debited /
credited) on the next month’s Purchase Agreement. The COA
shall be definitive. Any discrepancy shall be credited or debited
as applicable, to the subsequent month’s purchase.
Escrow Officer shall facilitate the issuance of a SWIFT MT 103 /
Blocked Funds protocol in favor of the Refinery, in form and
substance as set forth in Exhibit B, hereto against prior receipt
of the following refinery documents: (i) Purchase Agreement
Registration, (ii) Seller Company Registration, (iii) Title Certificate
and (iv) Corporate Guarantee.
Notes: (i) The Bank Officer in Charge of the Escrow Account
will, in concert with Escrow Officer, confirm receipt of the above

Settlement Procedures:
referenced Refinery Documents and execute the blocked funds
protocol as per Escrow / Bank Payment Settlement
Instructions set forth in Exhibit C, hereto, (ii) all Refinery
documents will be registered with and apostilled by the
applicable EU Ministry of Trade.
(1) Seller will deliver the following documents to Escrow: (a) SGS
Report & Certificate of Analysis (fuel quantity and quality), (b)
Houston based Tank Storage Receipt, (c) Seller Authorization to
Sell and Collect (ATSC), (d) Certificate of Origin, (e) Title

Transfer Certificate and (f) the Final Adjusted Invoice.

(2) Seller, Buyer and Escrow Officer will confirm the SGS
Report, Tank Storage Receipt, and the balance of the
Settlement Documents.
(3) Bank Officer shall release the block on the payment due to
the Refinery.
(4) Escrow Officer shall deliver Title Certificate and Transfer of
Ownership to the Buyer.
(5) Escrow settles all remaining terms as per the Final Adjusted
Invoice.
Lifting: Ex-Tank Houston. Seller’s services include loading / injection of
the fuel in Houston (whether pipeline, tank storage vessel or
rail).
Annual Contract: 100,000,000 per month for 12 months
Monthly Cost: Gulf Coast Platt’s minus $0.50 (Fifty Cents) per gallon.
Monthly Payment Guarantee (Revolving): Buyer shall issue a Revolving Standby Letter of Credit
Payment Guarantee in form and substance as agreed between
the parties and their respective banks, wherein the instrument
shall serve as a monthly revolving payment guarantee with all
payments being made by SWIFT MT 103 or Fed Wire.
Refinery Registration Terms: Seller will take full responsibility for all fees required for the
registration of the Purchase Agreement with the Refinery and
applicable EU Trade Ministry.
Note: If Buyer cancels the contract after the opening of escrow,
and Aark is not in breach of any material term, Trustee shall
release 1.5% of the escrow deposit as a penalty in favor of
Seller. If Buyer materially alters the contract after the opening of
escrow, Trustee shall release $120,000 in favor of Seller for re-
registration of the contract with the refinery of record.
Weights & Measures Conversions: One Barrel = 42 Gallons // One Metric Ton = 312 Gallons

Tank Storage: “If Applicable” Seller shall take full responsibility for the storage
of the fuel for a period of up to three calendar days following the
confirmation of the SGS Report and Tank Storage Receipt.
Buyer may request two additional days of free storage for good
cause / lifting delays not in Buyer’s control. Thereafter all
storage costs will be borne by the Buyer.

Confidentiality: The parties agree to keep confidential all terms and conditions of
this offer.