BET.ENST.SANAYI VE TIC.LTD REG ICOC No:284471 1992 Petroleum Products Energy Oil & Gas Business , Investment Projects and Worlwide Logistics

34722 Dr.Fahrettin Kerim Gokay Caddesi 174/3 Kadikoy Istanbul / TURKIYE

Ref.: TR/YSA991005S2015

TO : END BUYERS Issued : 10.05.2015 Validity:29.06.2015

S C O We hereby confirm that the producer/ Refinery End Seller with full corporate and legal responsibility,under penalty of perjury is ready,willing and able to enter intco terms contract with Principal Buyers for the commodity referenced in this SCO, the terms and conditions set forth below and limited to a signed Contract. TRANSACTION CONTRACT / SPOT, CIF,FOB,’’ASWP’’ JP54 AVIATION KEROSENE Colonial Grade 54 ( JP54) Origin : Russian Federation Specification Standard PRICE : CIF USD 58.00 Gross/usd 54.00 Net/BBL ROTTERDAM

FOB USD 54/50 BBL Quantity :

1,000,000 (One million) Barrels as a “Trial Lift” 5MBBLS x12 per Month for 12. R&E or 1.000.000 BBLS X12

LOAD PORT : VYSOTSK D2 GAS OIL L-0.2-62 GOST 305-82 PRICE :

CIF USD 460 Gross /USD 450.00 Net MT FOB:420 USD/ USD 410 MT

LOAD PORT : VYSOTSK

QUANTITY: MIN :100.000 MT Liftable +100.000 MT/MONTH

M100 MAZUT M100 GOST 10585-75 PRICE CIF USD320.00 GROSS/USD310.00 Net MT CHINA

FOB:USD300 MT GROSS USD 290 MT NET

LOAD PORT : NOVO OR VYSOTSK

QUANTITY MIN:100.000 MT MAX:300.000 MT/MONTH

RUSSIAN BLEND CRUDE OIL ( RBCO ) OIL GOST 9965-76 /51858-2002 ASWP PRICE

CIF USD 58.00 Gross/USD 54.00 Net per BBL CIF ASWP FOB: USD55/51/BBL

LOAD PORT VYSOTSK

QUANTITY 1000.000 BBLS Liftable +3.000.000 BBLS X 12 Months

PAYMENT TERMS :

To be agred by Seller and Buyer Inco Terms : FOB/CIF ASWP Inspection : SGS or Equivalent

STRUCTURE OF COMM : Seller Group Closed % 50 Buyer Group open

FIRST COME FIRST SERVED

PROCEDURES : Non Negotiable procedure except price 1.The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) and sends it via electronic mail to the Seller alongside with the following Documents; a-Buyer Passport Copy b-- Company Profile

2.Seller issues the Draft Contract for the Buyer’s signatory. The Draft Contract must be duly endorsed and returned alongside with the Official Letter of Acceptance by the buyer 3.Seller release the Partial POP Documents to the Buyer via E-mail as follows; a.Approval to Export, b.Availablity of product c.Certificate of Origin, d.Analysis Report by SGS or Equivalent (Q&Q), e.Commitment to Supply, f.Commercial Invoice, 4.Upon the receipt of the Partial POP Documents as advised above, the Buyer’s Bank issues an Irrevocable, Non Transferable, Confirmed, MT799, SBLC,MT103, - Verbiage “Appendix A” in favour of the Seller as guarantee of payment for Good supplied, covering the one-month delivery as per the Commercial Invoice. 5.Within 48 hours after the receipt and confirmation of the Payment Instrument, the lifting commences and the Seller’s Bank shall swift the Full POP Documents to the Buyer’s Bank alongside with the 2% Performance Bond (PB), in case of delivery failure by the Refinery and the 2% of the Cargo worth will be paid to Buyer. 6.Buyer pays via T/T (MT103) CIF Wire Transfer upon the arrival of the cargo and after Inspection at discharge port.FOB buyer pays after Dip Test and during loading . 7 Seller will release payments to the intermediaries involved within 48 hours of receiving the payment for the product from the Buyer’s bank REQUESTED DOCUMENTS; ICPO ,CP and Passport copy of Buyer on official company letterhead with the quantity needed, ICPO should be executed by the buyer chairman with hard/wet sign and seal by making PDF >> for DD . not acceptable an arranged ICPO through Agent/Brokers Alongside ICC/NCNDA/IMFPA might be added to ths documents as a part of contract

ICPO should be addressed > To : End Seller /REFINERY Via : Türkont Energy Ltd Sincerely ,

Capt.Ismet ATES

Chief Executive

TURKONT BET.ENS.SAN.TIC.LTD Marketing Petroleum Products turkont@yandex.com.tr,turkont@yandex.ru Ph: +90 2165674420 Fx:+90 2165675536 Mob:905327653318 Skype: turkont

34722 Kadikoy - Istanbul / TURKIYE