4 SAMPLE CONTRACT AGREEMENT FOR THE SALE AND PURCHASE OF PETROLEUM NIGERIA PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL S INITIAL S INITIAL S 2. PRICE: Gross discount of U.S. dollars dated under Brent. (i) net U.S. dollars to the buyer. (ii) Commission to the buyer`s representative. (iii) Commission to the seller`s agent. (Closed) (iv) Commission paid through the buyer (v) to the seller (FERMÉ) SHIPMENT 2 AND ALL SHIPMENTS SUBSEQUENCES: Dated (DTD) Brent decreased the us dollar lowered crude per barrel: us dollar per net bbl to buyers; USD-USD per bbl to the intermediary, divided as follows: to the seller (Closed); USD to buyer agent; Through the buyer () as above. 10 9. Custom LEVIES AND DUTIES All export duties and taxes, customs duties and taxes payable at Last Port are on the seller`s account. All customs duties, taxes and port taxes payable at the time of handling (if applicable) are the responsibility of the buyer. SAMPLE CONTRACT AGREEMENT FOR THE SALES AND PURCHASE OF NIGERIA PETROLEUM PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL SELLER S INITIAL 10. TITLE AND RISK Property and risk of loss or deterioration of crude oil transferred from seller to buyer after the seller`s ship has transferred the crude oil into the buyer`s ship.

5 The price is the average value of the average value of dated Brent, as published in the Platts Draht market (spot price) the day before the date of the bill of lading. If Platt`s publication is not available at any of these days, the publication will be used immediately after to determine the price 3a. PAYMENT MODE AND DOCUMENTATION Depending on the determination of the quantity transferred on board the ship, each batch of 280,000 MT (2,000,000 BBLS) must be paid to the ship by transfer quickly in accordance with the instructions on the payment plan. 3 max. (vii) REIB Steam pressure: iv. QUANTITY: 280,000 metric tons (2,000,000 BBLS) -/-10% in batches (2,000,000 BBLS) and if possible (4,000,000 BBLS) 560 tons per month.