Date: Feb 1, 2016 REF: SC/DK/TUPRAS/BMBLCD/D2Dl2Dl6

Tupras c/o

Via email only

Dear ,

As requested, we are sending you our offer to supply BLCO on a long-term basis.

, Inc. as represented by , President & CEO, hereby confirms with full legal and corporate responsibility and under penalty of perjury that we are ready, willing and able to enter into a Sale and Purchase Agreement ("SPA") for the commodity as specified below and to perform in accordance with the terms and conditions as agreed to in the SPA.

PRODUCT COMMODITY BONNY LIGHT CRUDE OIL (BLCO) PRODUCT ORIGIN Nigeria SPECIFICATIONS Standard Export Grade PRICE er barrel

BY SWIFT MT103 at discharge port, guaranteed by PAYMENT issued or

confirmed by a bank acceptable to Seller COMMISSION To be paid by Seller

QUANTITY Eight million (8,000,000) barrels per month for thirty six (36) months, with rolls and extensions

CONTRACT QUANTITY Two hundred eighty eight million (288,000,000) barrels DELIVERY CIF Turkey Port (Incoterms 2010) CONTRACT PERIOD Thirty six (361 months with rolls & extensions

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Integrity - Responsibility - Accountability