9 March 2015

Contract Procedures For Aviation Kerosene Grade 54 FOB Rotterdam Ex Tank NWE Platts Minus 10%

The Head of Trade for C------is also the Transaction Manager for the Supply. The Supplier, who is the Owner and Title Holder of the Fuel, will be identified once procedures are acknowledged by a Principal Buyer. Executed Order Documents will be addressed directly to the Principal Buyer, stating the full procedures. The Title Holder will be listed on the Contract as well as the Title Holder’s Bank and Bank Trade Desk or Global Trading account number. The contract will be with the Title Holder and Principle Buyer and banking (SBLC or approved instrument) will be confirmed at Bank of America, Wells Fargo, Mellon Bank or HSBC NY.

Any and all discrepancies between this document and information given directly from the Supplier and their Bankers shall default to the Supplier as the ruling party.

PRE-CONTRACT PROCEDURES (Pre-contract procedures)

A.Principal Buyer holds conference call direct with Management of C---------- Group, if requested. Upon Buyer’s approval of Price, Banking Procedures and Logistics, Buyer issues a Bank Certified Tear Sheet. (Certified Tear Sheet, or a Bank Capability Letter signed by two bank officers on Bank Letterhead, can be sent direct to Supplier’s Banker via secure email/fax)

B.C------- approves Buyer for issuance of Supply Contract and issues executed documents on Supply company letterhead. These documents include a Request for Order (akin to an LOI) Template, Procedure List, Approved Language for Banking, and a Principal’s NDA.

C.Buyer completes the Request for Order Template in the format provided by the Seller, signs the Principal’s NDA.

Bank Capability Letter ONLY asks the following questions: 1. Is the Buyer in good standing with the Bank? 2. Upon execution of our contract, will the Buyer have the capability to secure a cash backed bank guarantee?

D.Seller/Seller’s bank verifies banking facility and issues draft Contract.

CONTRACT PROCEDURES

Seller issues draft contract in the Buyers name.

1.0Seller issues draft contract in the Buyers name. 1.1 Buyer and Seller initial, sign, seal and execute the Contract.

1.2 Buyer’s bank issues Non-Operative, Irrevocable, Confirmed MT760/MT700 SBLC (Stand By Letter of Credit to a US Bank) or BG or Non-Operative, Irrevocable, Confirmed MT543 in amount of $xxxxxxxxx.xx USD as purchase assurance to Seller's Bank for purchase of 2 million barrels (minimum) of JP54 for the FOB Rotterdam rolling spot Contract x 12 months. Discount price will be determined at the time of contract issue. (As of 05JAN2015, market discount is NWE Platts minus 10%.)

1.3 A confirmation copy of the POF Non-Operative Swift MT760/MT70 SBLC or MT543 transmission must be immediately e-mailed by the Buyer to the Seller for documentation and tracking at the address provided by the seller.

1.4 Upon receipt of the POF Non-Operative Swift MT760/MT700 SBLC or MT543 the Seller's bank officer will immediately call the Buyer's bank officer to confirm receipt of the Swift and notify the Seller via certified courier.

1.5 Upon verification of receipt the Seller will issue POP programmed to the Buyer’s name as: Refinery Receipt in the name of the Buyer, plus Tank receipts, current SGS report on Quality and Quantity and the Authorization to perform a dip test for 2 million barrels (minimum) of JP54 via secure e-mail or certified UPS/DHL courier to Buyer within twenty (20) days.

1.5a Non-Operative Swift MT760/MT700 SBLC or MT543 automatically becomes operative upon issuance of Refinery Receipt / POP.

1.6 Buyer verifies product and transfers payment for Commercial Invoice amount to Seller’s bank account as instructed in the Commercial Invoice. All payments are due within (24) twenty four hours of DTA authentication. Upon full payment Title passes to the Buyer.

1.7 Buyer transfers JP54 to the Buyer's designated tanks storage or vessels.