1 Product: REBCO ? Russian Export Blend Crude Oil 2 Origin: Russia 3 Specification: GOST 9965-76 4 Quantity: 90,000,000 (Ninety millions) Barrels (bbl) per year 5 Monthly Delivery: 7,500,000 bbl (+/- 5%) per month 6 Single Shipment Quantity: 100,000 Metric Tons (MT) 7 Delivery Terms: FOB port Novorossiysk 8 Country of Destination: China 9 Price: According Platt's on the day of payment 10 Discount: No less US$ 5.00 per Barrel ( Gross 5 / Net 3 : seller side closed ) 11 Payment: Irrevocable, Confirmed, No-transferable, Revolving, 2 (two) months coverage DLC from a prime world bank 12 Payment Procedures: According to the terms of the contract, to be mutually agreed upon by Buyer and Seller 13 Transaction Procedures: According to the terms of the contract, to be mutually agreed upon by Buyer and Seller 14 Special Conditions of the Transaction: According to the terms of the contract, to be mutually agreed upon by Buyer and Seller 15 Inspection: SGS for Quantity and Quality 16 Guarantee of the supply: 2 % Performance Bond