PROCEDURE OF TRANSACTION

1. Buyer sends ICPO along with Company profile and TSA

2.
3. Seller issues commercial invoice (CI). Buyer signs and return CI to Seller acknowledging
Buyer’s legally binding commitment to purchase under the terms and conditions herein.

3. Upon receipt of signed Commercial Invoice, Seller issues Unconditional DIP Test Authorization
(UDTA) to be signed by all parties (SELLER/BUYER/BUYER TANK FARM) along with the
Partial Proof of Product (PPOP):

• Commitment to supply
• Dip Test Authorization (Unconditional)
• Pre injection report
• Product Certificate of Origin
• Tank Storage Receipt
• ATSC

4. Seller release fresh SGS Report not more than 48 hours and if necessary Buyer order SGS or
equivalent Inspection Company to conduct Dip Test of the product in the Seller's Tank on Buyer
expenses.

5. Upon completion of Dip Test, seller injects the fuel into buyer’s leased Storage Tank and seller
submits the full injection report to the buyer.

6. Buyer makes 100% payment via MT103/TT Wire Transfer for the total value product and seller
pays commission to all seller side intermediaries as buyer likewise pays commissions to all buyer
side intermediaries involved in the transaction within 24 hours after confirmation of the buyer's
payment.

7. Seller issues draft SPA to buyer to review for R&E monthly deliveries.