PRODUCT RUSSIAN ORIGIN PRICE

To:End Buyer August 15 th. 2013 Atten.:Director General / Purchasing Manager. Attentively: Procolen.Facilitator of the Seller to Potential Buyers. Subject:. INFORMATION PRODUCT PETROLEUM PRICE AND PROCEDURES OUR DIRECT SELLER. COMMODITIES OUR DIRECT SELLER PRODUCT RUSSIAN ORIGIN PRICE CIF ASWP FOB N/V PRODUCT NET GROSS NET GROSS AVIATION KEROSENE AVIATION KEROSENE TS1 70 75 68 73 AVIATION KEROSENE JP54 70 75 68 73 AVIATION KEROSENE JET A1 70 75 68 73 AVIATION KEROSENE JET 100 70 75 68 73 AVIATION KEROSENE GRADE 55 70 75 68 73 BITUMEN PETROLEUM BITUMEN PETROLEUM ASPHALT 80/100 460 470 455 465 BITUMEN PETROLEUM ASPHALT 90/70 450 460 445 455 BITUMEN PETROLEUM ASPHALT 60/70 430 440 425 435 BITUMEN PETROLEUM ASPHALT 50/70 425 435 420 430 BITUMEN PETROLEUM ASPHALT 30/70 420 430 415 425 BUNKER BUNKER 6 LOW SULPHURE 510 520 505 515 CST CST 380 450 460 445 455 DAP/ UREA DAP 18 46 280 290 275 285 UREA (Prilled / Granular N46%) 290 300 285 295 DIESEL DIESEL ULSD 10 PPM 630 640 625 635 MARINE DIESEL 620 630 615 625 EN EN590 420 430 415 425 EN590 10PPM 430 440 425 435 1

FUEL OIL PRICE CIF ASWP FOB N/V PRODUCT NET GROSS NET GROSS F76 (0,5%S) 600 610 595 605 FUEL OIL 5-7 490 500 485 495 FUEL OIL E95 490 500 485 495 FUEL OIL Nº 180 / FUEL OIL Nº 18 460 470 455 465 FUEL OIL LPFO 450 460 445 455 FUEL OIL (NORMAL FOR ELECTRICITY) 450 460 445 455 FUEL OIL Nº6 (D6) 410 420 405 415 FUEL OIL Nº 38 400 410 395 405 GAS 430 440 425 435 LNG 430 440 425 435 LPG 430 440 425 435 LG BTU 440 450 435 445 PROPAN GAS HD5 480 490 475 485 GASOIL GASOIL D1 10 PPM 655 665 650 660 GASOIL D1 645 655 640 650 GASOIL D2 500PPM 635 645 630 640 GASOIL D2 ULSD (TYPE A 0,001%S) 630 640 625 635 GASOIL D2 L0.2/62 GOST 305/82 (0,02% S) 620 630 615 625 GASOIL D2 (TYPE B 0,1% S) 610 620 605 615 GASOIL D2 (0,25% S) 605 615 600 610 GASOIIL D3 580 590 575 585 GASOIIL D4 540 550 535 545 GASOIIL D5 520 530 515 525 GASOLINE AGO 430 440 425 435 GASOLINE 95 ULSB 660 670 655 665 GASOLINE ALL THE OCTANES 430 440 425 435 IFO IFO 380 380 390 375 385 IFO 360 370 380 365 375 KEROSENE KEROSENE 450 460 445 455 MAZUT MAZUT 100 (75/99) 400 410 395 405 2

NAPTHA PRICE CIF ASWP FOB N/V PRODUCT NET GROSS NET GROSS NAPPHTHA 620 630 615 625 REFINED OIL REFINED OIL E95 490 500 485 495 DELIVERY TERM: 12 Months Contract or Spot (with possible R&E). QUANTITY TO SUPPLY AND LIFTABLE QUANTITY: According to the buyer capacity and the logistic. Minimum vessels of 25,000 MT. PAYMENT: Revolving and Conditional MT103 (Payment against documents at the loading port.) Performance Bond: 2% (NOT FOR SPOTS) LOADING PORT: Vladivostok and Novorossiysk FOB TERMS: Vladivostok and Novorossiysk PROCEDURES (STRICTLY NOT NEGOTIABLE) 1. The Buyer issues ICPO with full banking coordinates.ncnda/imfpa. 2. Supplier issues DRAFT CONTRACT. Buyer and seller sign and seal the contract. The supplier will issue the PREFORMAT INVOICE. 3. Upon the signature of the CONTRACT AND THE PROFORMA INVOICE, Buyer's Bank issues for each shipment, REVOLVING AND CONDITIONAL MT 103 / CONDITIONAL WIRE TRANSFER (CONDITION: Payment against documents and product at the loading port). Send via Swift to the supplier s bank, with copy to supplier s secure E- mail address. 4. Upon confirmation of the REVOLVING CONDITIONAL MT 103 (CONDITION: Payment against documents and product at the loading port) the Supplier issues immediately the following documents: FINAL CONTRACT AND INVOICE with the refinery s reference number. The Supplier and Buyer sign and seal the final documents. Supplier activates the 2% PB. (NOT FOR SPOTS). 3

Supplier provides the Buyer with the following documents. a) The Dip Test Authorization, tank storage, receipt and survey report made by SGS or I ASC. b) Tanker allege report at loading port, with time log and Shipmaster report. c) Certificate of Origin, countersigned by a local Chamber of Commerce. d) Notice of readiness (NOR) lodged by Shipmaster at loading port, countersigned for acceptance by terminal s representative. e) Signed commercial invoice, based on the delivered quantity/quality, showing name of vessel, date of completion, loading quantity and state of delivery. f) Master sample receipt at loading port. g) Any other documents pertaining or related to the current trip, duly by the authorized Buyer s persons. h) Certificate of Insurance Coverage with payment confirmation issued by Insurance Company. i) Plus all the documents that may be required by the buyer. 5. Once the buyer has received all the documents, he has 5 (five) banking days to check and verify the product and all the documents (Including the DIP test). 6. Once the DIP TEST is done successfully, the supplier issues COMMERCIAL INVOICE to the buyer. When the Buyer approves all the documents the product will be loaded into the vessel. 7. Supplier issues Bill of lading within 24 hours upon completion of vessel loading. 8. After the vessel is completely loaded and before the vessel undocks the port, Buyer instructs his bank to release the payment and Title is transferred to the buyer. NOTE: Supplier will not provide Partial nor full POP before the buyer send the CONDITIONAL MT 103. (CONDITION SINE QUA NUM). 4

THE BUYER / or the Buyer Mandate or Assignees: For and On Behalf of: The signature of this SCO by the buyer or the representative person, implicates his acceptance of: 1. The prices, terms, conditions and procedures are included in it, also to issue and send via swift to the Supplier s bank, the CONDITIONAL MT 103 (TO VERIFY OIL PRODUCT DOCUMENTS AND OUR ACCEPTANCE FOR THE PURCHASE AND DELIVERY). 2. Send to the Supplier an ICPO addressed to END SELLER including the prices, terms, conditions and procedures of this SCO, with the full banking details of the buyer and the complete contact information of the buyer company (address, telephone number, Fax, corporate email, etc.). BUYER SIGNATURE AS ACCEPTANCE OF THIS FORMAL OFFER REVOLVING & CONDITIONAL MT 103 (VERBIAGE EXAMPLE - FOR BANK): QUOTE REVOLVING AND CONDITIONAL MT103 - VERBS AGE: TO: Bank Officer: Phone Number: Fax Number: S.W.I.F.T: Account Number: Account Holder: FROM: Bank Officer: Phone Number: Fax Number: S.W.I.F.T: Account Number: Account Holder: BY THE ORDER OF: TRANSACTION CODE: BUYER S CODE: SELLER S CODE: WE,, HEREBY PRESENT OUR IRREVOCABLE, DIVISIBLE, ASSIGNABLE, AND CALLABLE CASH BACKED S.W.I.F.T. WIRE TRANSFER MT 103 CONDITIONAL IN YOUR FAVOR FOR THE ACCOUNT OF ( ) IN THE AMOUNT OF USD$ OR THE PURCHASE OF PRODUCT HEREIN DESCRIBED BY VERIFICATION FOR THE FOLLOWING DOCUMENTS. 5

LIST OF THE DOCENTS: a) The Dip Test Authorization, tank storage, receipt and survey report made by SGS or I ASC. b) Tanker alleges report at loading port, with time log and Shipmaster report. c) Certificate of Origin, countersigned by a local Chamber of Commerce. d) Notice of readiness (NOR) lodged by Shipmaster at loading port, countersigned for acceptance by terminal s representative. e) Signed commercial invoice, based on the delivered quantity/quality, showing name of vessel date of completion, loading quantity and state of delivery. f) Master sample receipt at loading port. g) Any other documents pertaining or related to the current trip, duly by the authorized Buyer s persons. h) Certificate of Insurance Coverage with payment confirmation issued by Insurance Company. i) Plus all the documents that may be required by the buyer. THIS S.W.I.F.T. IS CONDITIONAL UPON CERTIFICATION OF THE ABOVE DOCUMENTS. WE HEREBY CONFIRM THAT THE FUND IS CLEAN, CLEAR AND NON-CRIMINAL ORIGIN AND FROM A LEGAL SOURCE. THIS IRREVOCABLE S.W.I.F.T. IS A BINDING FULLY PERFORMED DUE BILL AND IS IMMEDIATELY CALLABLE CASH PAYMENT AGAINST CONDITIONAL THE VERIFY OIL PRODUCT DOCUMENTS OUR ACCEPTANCE FOR THE PURCHASE AND DELIVERY. INSTRUMENTS: CURRENCY: UNITED STATES OF AMERICA DOLLARS. TERM: OIL PRODUCT THIS CONDITIONAL, IRREVOCABLE, DIVISIBLE, ASSIGNABLE, AND CALLABLE S.W.I.F.T. WIRE TRANSFER IS VALID FOR TEN (10) BANKING DAYS FROM DAY OF 2013 AND UNTIL THE DAY OF 2014 17:00 HRS. CENTER EUROPEAN TIME. THIS IS AN OPERATIVE BANK INSTRUMENT AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AS IT RELATES TO BANK CREDIT INSTRUMENTS. BANK OFFICER NAME TITLE BANK OFFICER NAME TITLE With revolving added the formula the value of this instrument will be re-open every month till the end... " UNQUOTE 6

ACLARACIONES SEMEJANZAS ENTRE UN SPOT Y UN CONTRATO DOCE MESES: Los procedimientos para la obtención del productos son los mismos. El tiempo de que el barco este cargado, listo para el zarpe al puerto de destino es el mismo. ( Debido a que este se basa sencillamente en los diez días de validez desde la apertura de la MT 103, por ello antes del fin de la vigencia del instrumento de pago: el comprador con toda la documentación incluida el SGS, y conforme con la misma. estar el barco cargado, el comprador tener el bill of lading, y listo para zarpar, en cuanto se libere el pago, por la MT 103, el comprador recibe en su banco el título de propiedad y de transferencia de la mercancía y el barco sale al puerto de destino DIFERENCIAS ENTRE SPOT Y CONTRATO 12 MESES CON ROLLES Y EXTENSIONES. En el DIFERENCIAS SPOT no se emite PRECIO el PB FOB por CON el 2% PRECIO de la carga CIF EL PRECIO que FOB se ES va CINCO a suministrar DOLARES. MAS BARATO EN CUANTO TONELADAS METRICAS. EL PRECIO FOB ES 2 DOLARES AMERICANOS EN REFERENCIA EN CUANTO A PRODUCTOS LA MT103/23 POR CONDICIONADA. BARRILES. Es una transferencia condicionada, no una TT. Solamente se puede liberar el pago, cuando se cumple la condición, que en este caso es: PAGO CONTRA DOCUMENTOS Y PRODUCTO. El pago se libera cuando el producto está en el barco. El dinero siempre está bajo el control del comprador y en 10 días bancarios da tiempo para tener todo listo en el barco y ser enviado a destino C.I.F.: Costo Seguro y Flete se refiere estrictamente a la interpretación definida por la edición INCOTERMS 2000 con la última modificación. CLARIFICATIONS SIMILARITIES BETWEEN SPOT AND TWELVE MONTHS CONTRACT: The procedures for obtaining the product are the same. The time that the ship is loaded, ready to sail to the port of destination is the same. (Because this is based simply on the tenth day of validity since the opening of the MT 103, so by the end of the term of the instrument of payment: the buyer with all documentation including the SGS, and in accordance therewith. be the boat loaded, the buyer have the bill of lading, and ready to sail, as payment is released by the MT 103, the buyer receives title to your bank and transfer ownership of the goods and the boat leaves the port of destination DIFFERENCES BETWEEN SPOT AND CONTRACT 12 MONTHS WITH EXTENSIONS Rolles. In the SPOT is to be emitted 2% PB by the load to be supplied. FOB PRICE DIFFERENCES WITH PRICE CIF FOB PRICE IS FIVE DOLLARS CHEAPER AS METRIC TONS THAT THE PRICE CIF. FOB PRICE IS 2 DOLLARS PER BARREL PRODUCTS AS THAT THE PRICE CIF. IN REFERENCE TO THE CONDITIONAL MT103/23. It is a conditional transfer, not a TT. Only you can release the payment when the condition is met, which in this case is: DOCUMENTS AGAINST PAYMENT AND PRODUCT. The payment is released when the product is in the boat. The money is always under the control of the buyer and in 10 banking days enough time to get everything done on the boat and sent to destination C.I.F.: Cost Insurance and Freight is strictly referred to in the interpretation defined by the INCOTERMS Edition 2000 with latest Amendment. 7

PROVEEDOR NO PROPORCIONARÁ POP PARCIAL NI COMPLETO. Se trabaja con refinería bajo pedido y producción, no se trabaja bajo producto almacenado, no hay envió de POP PARCIAL, Y el envió de la POP completa, solo se envía, tras la verificación por la parte del vendedor de la emisión de la MT103/23 CONDICIONAL, CONTRA DOCUMENTACION Y PRODUCTO CARGADO FECHA DE ENTREGA: La fecha mutuamente aceptado por el vendedor y el comprador como la fecha en que la empresa inspector internacional designado se haya cerciorado de la cantidad y la calidad del producto bombeado en él designadas instalaciones de la terminal de descarga del Comprador BILL OF LADING : Es el documento oficial, emitido en el puerto de carga después de la finalización de las operaciones de carga, indicando la cantidad cargada del buque, expresado en metros cúbicos (Metros Cub) y en toneladas métricas (MT) expresado según las definiciones anteriores. Este documento tiene que ser firmado en original por el capitán del buque y se extenderá de conformidad con la instrucción en lo especificado en este acuerdo PERFORMANCE BOND (PB) Banco del proveedor, al recibir del comprador MT 103 CONDICIONAL Y GIRATORIO (MT 103) emitirá una garantía de ejecución del dos por ciento (2%) Valor del envío mensual / según la cantidad de cada carga. El formato de la Garantía de Cumplimiento deberá estar de acuerdo con la última URDG458 ICC (Cámara de Comercio Internacional de Reglas Uniformes de Garantía a la Vista) En caso de incumplimiento por PB del Proveedor será llamado por el comprador, el vendedor le dará instrucciones a su banco para emitir una nueva PB en un plazo de 48 (cuarenta y ocho) horas con el mismo tenor que el anterior. Si este fuera el caso, todos los pagos futuros debidos por el Comprador serán suspendidos hasta el momento en que el nuevo PP se ha colocado. SUPPLIER WILL NOT PROVIDE PARTIAL NOR FULL POP It works with refinery production order and not working on stored product, no PARTIAL POP sent, and the sending of the complete POP, only sent, after verification by the seller of the issuance of the MT103 / 23 CONDITIONS L, AGAINST PRODUCT DOCUMENTATION AND LOADED. DELIVERY DATE: The date mutually accepted by both Seller and Buyer as the date on which the nominated international surveyor company has ascertained the quantity and quality of the product pumped into he Buyer s designated discharge terminal facilities BILL OF LADING : Is the official document, issued at the load port after completion of the loading operations, stating the ship s loaded quantity, expressed in Cubic Meters (Cub Meters) and in Metric Ton (MT) expressed as per above definitions. This document has to be signed in original by the ship s Master and made out in accordance with the instruction hereinafter specified in this agreement. PERFORMANCE BOND (PB) The Supplier s Bank, upon receipt of Buyer s MT 103 CONDITIONAL & REVOLVING (MT 103) will issue a Performance Bond for Two Percent (2%) value of monthly shipment / according to each cargo amount. The format of the Performance Bond shall be in accordance with the latest ICC URDG458 (International Chamber of Commerce Uniform Rules for Demand Guarantee) In the event of Non-performance by the Supplier s PB will be called up by the Buyer, the Seller will instruct his bank to issue a new PB within a period of 48 (forty-eight) hours having the same tenor as the previous one. Should this be the case, all future payments due by the Buyer will be suspended until such time that the new PB has been placed. 8

DOCUMENTOS POP Copia de la licencia de exportación emitida por el Ministerio de Energía. Copia de la inscripción ante el Ministerio de Trabajo de Control de Justicia-Export. Copia de la declaración de disponibilidad de la asignación del producto de la refinería. Copia del compromiso refinería para producir el producto. Copia del contrato para el transporte del producto hasta el puerto. Copia del contrato de almacenamiento del puerto. Copia del contrato de fletamento (S) para transportar el producto a la descarga puerto. Asignación de los documentos de propiedad.. El vendedor publica Q / Q de certificación SGS, recibos de Tanques de Almacenamiento y Dip Prueba etc Una vez que el comprador ha recibido todos los documentos que tienen 5 (cinco) días hábiles para revisar y verificar el producto y todos los documentos. (Hacer la prueba de inmersión) Tras el éxito de las cuestiones Proveedor IPD la factura comercial para el Comprador y una vez que el comprador estará de acuerdo con todo, se dará la orden de que le banco para liberar el pago. Y el título se transfiere al comprador. Proveedor entregará los originales de conocimiento de embarque limpio dentro de 24 horas tras la finalización de la carga al comprador. El producto debe ser pagado en el puerto de embarque, una vez finalizada la carga del buque. Y el vendedor transferir el título del producto para el comprador POP Documents Copy of license to export issued by the Ministry of Energy. Copy of registration with Ministry of Justice - Export Duty Control. Copy of statement of allotment availability of the product by the refinery. Copy of the refinery commitment to produce the product. Copy contract to transport the Product to the Port. Copy of the Port Storage agreement. Copy of the charter party agreement(s) to transport the product to the discharge port. Assignment of ownership documents.. Seller issues SGS Q/Q certification, Tank Storage Receipts and Dip Test etc. Once that the buyer have received all the documents have 5 (five) banking days to check and verify the product and all the documents. (Doing the Dip Test) Upon the successful the Dip Test Supplier issues the Commercial Invoice to Buyer and once that the Buyer will be agree with all, he will give the order to him bank to release the payment. And the title is transferred to the buyer. Supplier shall issue the originals of clean Bill of lading within 24 hours upon completion of loading to the Buyer. The product must be paid at the port of loading, upon completion of the ship's cargo. And the Seller transfer the title of the product to the buyer. 9

DOCUMENTOS Un conjunto completo de 3.3 originales más 3 N / N copias del conocimiento de embarque Océano hechos "limpio a bordo" "portes pagados" marcada. El B / L para ser firmado en original por el capitán del buque y "en blanco" expedido o refrendado por el destino, la identificación de la carga embarcada con la cantidad expresada en barriles de Estados Unidos a los 60 grados Fahrenheit y toneladas métricas. cantidad original y certificados de calidad y dos (2) copias, emitidas en el puerto de carga de una compañía inspector independiente nombrado por el Vendedor. Cisterna alegan informe a cargar copias de puerto original y 2 (dos) con registro de tiempo y el informe capitán del buque. Certificado de Origen y dos (2) copias refrendados por una Cámara de Comercio local. Notificación de disposición (NOR) presentada por capitán del buque al puerto de carga de originales, más dos (2) copias refrendados para su aceptación por el representante del terminal. Firmado factura comercial, basada en la cantidad / calidad entregada según lo determinado en la cláusula 9.4 de este contrato, indicando el nombre del buque de la fecha de finalización cantidad de carga y el estado de la entrega. Maestro recepción de muestras en el puerto de carga más original de 2 (dos) copias. Cualquier otro documento perteneciente o relacionado con el viaje actual, debidamente por las personas del comprador autorizado. Certificación sobre seguro con la confirmación de pago emitido por la Compañía Aseguradora DOCUMENTS A full set of 3/3 originals plus 3 N/N copies of Ocean Bill of Loading made out Clean on Board marked Freight Prepaid. The B/L to be signed in original by the ship s Master and blank issued or endorsed for the destination, identification of the loaded cargo with quantity expressed in US barrels at 60 degrees Fahrenheit and Metric Tons. Original quantity and quality certificates plus two (2) copies as issued at loading port by an independent surveyor company nominated by Seller. Tanker allege report at loading port original plus 2 (two) copies with time log and Shipmaster report. Certificate of Origin plus two (2) copies countersigned by a local Chamber of Commerce. Notice of readiness (NOR) lodged by Shipmaster at loading port originals plus 2 (two) copies countersigned for acceptance by terminal s representative. Signed commercial invoice, based on the delivered quantity/quality as determined by clause 9.4 of this contract showing name of vessel date of completion loading quantity and state of delivery. Master sample receipt at loading port original plus 2 (two) copies. Any other documents pertaining or related to the current trip, duly by the authorized Buyer s persons. Certificate of Insurance Coverage with payment confirmation issued by Insurance Company. HOPEFULLY THIS WILL OFFER THE PLEASURE OF THE PRESIDENT OF THE COMPANY BUYER, AND START NEGOTIATIONS WITH OUR DIRECT SELLER. To COLLABORATE WITH THE MANAGER as SELLER FACILITATOR TO THE BUYER. With the following tasks: To Find and introduce Potential Buyer To receive LOI or ICPO from the Potential Buyers Sr. Oscar L.: facilitator_oil@procolen.com Sr. Juan Francisco: info@procolen.com Sr. Víctor Manuel L.: victormanuel@procolen.com Sr. Bernabé Ramos: bernabers1@procolen.com www.procolen.com 10