Executive Summary

Dear Team , We trust this email finds you well. We are writing to formally submit a competitive proposal for the supply of STANDARD EXPORT QUALITY NIGERIAN BONNY LIGHT CRUDE OIL (BLCO) on a Cost, Insurance, and Freight (CIF) basis to Any Safe World Port (ASWP), specifically targeting your refining or trading needs in Japan. This offer is presented on behalf of a proven and performing Seller with a verifiable direct allocation from the Nigerian National Petroleum Company Limited (NNPCL). Given your Company's major role in the energy sector, we are confident that the specifications of this light and sweet crude will ideally meet your refining requirements (high yield of high-value light distillates) or trading portfolio needs. OFFER SUMMARY Category Details Product Standard Export Quality Nigerian Bonny Light Crude Oil (BLCO) Origin Nigeria (NNPCL Allocation, ATS Available) Delivery Term CIF (Cost, Insurance, and Freight) – Japanese Ports (ASWP) Quantity [Specify quantity, e.g., Monthly contracts of 2 million barrels] Discount Negotiable Discount Structure: $11 Gross / $4 Net on Dated BRENT Price Guarantee Seller's Performance Bond (PB) of 2% issued upon receipt of Buyer's SBLC. Specifications Detailed in Appendix A (below) NOMINATION, SHIPMENT, AND TRANSACTION PROCEDURES To ensure a secure, swift, and compliant transaction, the Seller requires the Buyer (your company or Corporation) to strictly adhere to the following steps: A. Contract Initiation and Documentation: 1. The Seller issues the Sale and Purchase Agreement (SPA). 2. The SPA is reviewed, completed, and signed by the Buyer, and returned along with: o Notice of Readiness (NOR) / Estimated Time of Arrival (ETA) formats. o Buyer’s complete Company Information Sheet (CIS). o Full details of the Buyer's Port of Discharge (POD), including: Harbor Master details, Shipping Agency, Inspection Company, Winter/Summer draft, OCIMF requirements of the discharge port, and all necessary documentation. 3. The Seller promptly provides the following documents upon receipt of the Buyer's documentation: o Letter of Commitment for Supply. o Letter of Contract Acknowledgment. o Account Nomination Letter for the financial instrument. B. Financial Instrument Exchange: • The Buyer immediately proceeds with the issuance of the Standby Letter of Credit (SBLC) via MT760 to the Seller's designated bank. The Seller will then immediately issue the two percent (2%) Performance Bond (PB). C. Customs and Port Entry Permit Preparation: • The Buyer's agent proceeds with the application for the documents required to complete the Pre-Advice/Declaration/Entry Permit mandated by the Customs authorities of the receiving port for the Buyer. D. Vessel Documentation Support: • The Seller instructs the vessel Captain, as per the Buyer's Agent's request, to provide all required Ship Papers needed by the SHIPPING COMPANY (a short list will be supplied to the vessel Captain by the shipping company, as required by the port for the Entry Permit). E. Discharge Authorization: • The Buyer, upon confirmation of the Customs PRE-ADVICE/Declaration/Entry Permit by their agent, immediately notifies the Captain of the berth number at the port to enable the vessel to berth at the Buyer's position for cargo discharge into the Buyer's tanks. F. Discharge Instruction: • Upon berthing at the discharge terminal, the Buyer's agent instructs the vessel Captain to discharge the product into the Buyer's shore tanks. G. Quality & Quantity (Q&Q) Analysis and Invoicing: • The Buyer's team conducts the Q&Q analysis in the shore tanks. The Inspector provides the Q&Q report to both parties, while the Seller simultaneously issues the Commercial Invoice to the Buyer, reflecting the exact figures from the Q&Q report. H. Payment: • Within seventy-two (72) hours of the issuance of the Commercial Invoice and the Q&Q report (CIQ), the Buyer's bank executes full payment for the cargo, calculated at the agreed discount of $11 Gross on Dated BRENT price, via MT103/TT. I. Commission Payment: • Upon receipt of the full payment for the cargo, the Seller pays the commissions to all intermediaries according to the stipulated agents'/mandates'/fiduciary accounts within twenty-four (24) hours. APPENDIX A: NIGERIAN BONNY LIGHT CRUDE OIL (Standard Export Quality) Parameter Value Specific Gravity 0.8459 API Gravity 33.0° to 35.8° Min Water Content 0.2% Vol. Max BSW (Base Sediment & Water) 0.6% Vol. Max Pour Point Below 40°F Max Salt (LB PER 1,000 bbl) 12 Max Total Sulfur (wt %) 0.14 Max Reid Vapor Pressure 6.52 PSIG Max Carbon Residue (wt %) 1.0 Max Vanadium (VINI, PPM wt) $< 2.0$ Viscosity (cSt @ 37.8°C) 3.47 Min Yield C1-C4 (wt %) 2.10 We are prepared to move forward immediately upon receipt of a formal confirmation of interest and the necessary initial documentation from your company Corporation. Please acknowledge receipt and let us know your availability to discuss this high-quality crude oil offer in more detail. Sincerely, James Palmer NGAPETH Representative , Faster Capital - Africa & Middle East Cameroon, Douala, Tel: +237 677 550 909 LinkedIn Profile: www.linkedin.com/in/james-palmer-ngapeth-42304983/ Headquarters address: Aspin Commercial Tower, Sheikh Zayed Road, Office 203, Business Bay, Dubai Website: www.fastercapital.com