SOFT OFFER DIESEL D6 MARCH 2012

Date: March 2012 SOFT OFFER D6-VIRGEN Price: D6 Virgin 400 Million Gallons x 52 is 2.30/2.35 Product: Virgin D6 (see spec in the enclosed file) Deliver Term: FOB Houston Quantity Contract: 400 Million Gallons per week x 52 weeks Price: $2.35 2.30 Gallon NET to the Buyer Procedure: Buyer issues ICPO made out to end seller/refinery via Watson International Trading Co. with BRL (Bank Reference Letter) if buyer deals with top 25 bank . If not a top 25 bank Buyer will send a BCL to Refinery Bank. Seller sends: Contract and CI for first lift/first week (100 million gallons) Buyer signs Contract and CI and IMFPA. Seller issues: DTA and Q-Q report for the first lift Buyer completes DIP test and Pays the CI for title Buyer lifts from Seller's tanks in Houston Watson International Trading Co. is a Brokerage Firm with direct connection to Refinery. After initial conversation with Mr. Watson, he will set up call between Buyer & Seller. , SPECIFICATIONS D6 Method Test Result Units ASTM D5002 Density and Relative Density of Crude Oils Average API Gravity 29.7 (29.7) (Min) API ASTM D1298-99 Density @15 Deg C 0.87 (0.8775)(Max) Kg/t ASTM D97 Pour Point of Petroleum Products Pour Point< -33 (-36) (BELOW ZERO) oc Pour Point<-27.4 (-32.8) (BELOW ZERO) oF ASTM D93 -IP 34 Pensky-Martens Closed Cup Flash Point Corrected Flash Point 117 (137) (MIN) OF ASTM D4294 Sulfur Content in Petroleum Products by EDXRF Sulfur Content 0.38 (0.358) (MAX) Wt% ASTM D445 Kinematic /Dynamic Viscosity Kinematic Viscosity@ 122 °F/ 50°C 17.83 (18.12) (MAX) Mm2/s ASTM D6304 Water Content by Coulometric Karl Fisher Titration Water Content 0.20 (0.7) (MAX) Wt% ASTM D482 Ash from Petroleum Products Average Ash 0.279 (1.007) (MAX) Wt% ASTM D2161Converstion of Kinematic Viscosity To SUS/SFS 1Saybolt furoi viscosity 122°F 10.9SFS (MAX) ASTM D5184 Aluminum and Silicon in Fuel Oils by ICP-AES or AAS Aluminum Content 102 (MAX) Mg/kg Silicon Content 93 (MAX) Mg/kg ASTMD95 Water by Distillation, Vol % 0.70 (MAX) vol% ASTMD4530.06 Carbon Residue 1.11(MAX) Wt% Method Test Result Units IP 143 Asphlteness (Heptane lnsolubles Asphaltene Content 0.080 Wt% IP 501Determination of AL, Si,V, Ni, Fe, Na,Ca,Zn,Pin Fuel Oii-ICPES 1Aluminium 372 mg/kg Silicon 187 mg/kg !Sodium 117 mg/kg Vanadium 1mg/kg 1Calcium 779 mg/kg 1Zinc 298 mg/kg 1Phosphorus 4176 mg/kg 11ron 545 mg/kg EMAIL [email protected] ——————————————————————————————————————————————– Date 23 March 2012 D6 Virgin Fuel Oil Fixed USD$2.38 Gross / USD$2.33 Net per Gallon***ALL PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE*** GENERAL INFORMATION: Commodity: D6 Virgin Fuel Oil Quantity: 4,800,000,000 Gallons / 400,000,000 per Month delivered twelve times per Month Delivery Time: 10 to 15 (Ten to Fifteen) working days (HOUSTON SEAPORT) Liftable Amount: 100% Per Lift Payment Terms: First month shipment paid by MT103 with SBLC posted to guarantee payment and all other payments by MT103 with SBLC posted for the balance of payments until the end of the term of the contract. Paid 100% at Loading Port. Loading Port: Houston (FOB PORT) Delivery: CIF to Houston ¨C Buyer must show/have logistics capability at Port of Houston Commission: 50% Buyer side ¨C 50% Seller side Inspection: SGS, Intertek or Equivalent Grade: See Specifications Below Contract Term: 12 months (with rolls and extensions) PROCEDURE 1.1 Buyer issues ICPO/LOI to Seller and NCNDA/IMFPA 1.2 Seller issues draft contract. The contract includes Buyer´s/Seller´s detailed banking information. Along with Commercial Invoice, Refinery allocation documents showing proof of supply & POP i.e Fast Cut SGS, Intertek report for each delivery! 1.3 Seller/Buyer sign and seal the contract 1.4 Buyer´s Bank via Bank to Bank (SWIFT) issues the Proof of Funds with preadvice SBLC with Contract Number to Seller´s Bank with a copy to Seller´s Escrow Attorney for verification. 1.5 Seller, via Bank to Bank (SWIFT) issues Proof of Product with the SBLC amended, if required, verbiage to Buyer´s Bank. Seller will issue the 2% Performance Bond to Buyer´s Bank , equivalent to one month Value of the order (400,000,000 gallons). This P.B will not be operative and will become operative upon Buyer´s issuing the agreed SBLC. This P.B will be in effect for the entire term of the contract. Verbiage of the P.B must be accepted by buyer´s Bank. 1.6 Buyer´s Bank Swift's operative SBLC to Seller´s Bank with a copy to the Seller´s Escrow Attorney for final approval. The SBLC must be Issued and confirmed by a top 20 Prime World Western Bank as reported in www.bankersalmanac.com . 1.7 After Seller receives from Buyer the Operative SBLC, Seller will immediately issue Delivery Schedule to Buyer for confirmation/agreement. 1.8 Seller ships Virgin D6 Fuel Oil after Buyer and Seller mutually and finally agree upon the shipment schedule to Houston Port, USA. Upon arrival at Discharge Port, Buyer immediately performs Dip Test and upon verification of product immediately pays via MT/103 to Seller. 1.9 After Seller receives payment from Buyer, Seller within 3 banking days will transfer commissions to Brokers and Agents. SPECIFICATIONS: EMAIL [email protected]