CONTRACT REF: TENGIZ/OIL-JET-A1-977KZ

SELLER’S REF: TENGIZ/OIL-4992774KZ

BUYER REF: ICPO N/A
DATE OF ISSUE: 10-01-2023
EXPIRE DATE: 03-02-2023

COMMERCIAL INVOICE

SELLER’S COMPANY INFORMATION:

COMPANY NAME TENGIZ OIL AND GAS FIELD
OFFICE ADDRESS Republic of Kazakhstan, Atyrau oblast
TELEPHONE NUMBER +7 -727-349-5120
EMAIL info@tengizfield.kz, sales@tengizfield.kz, legal@tengizfield.kz
export@tengizfield.kz
REPRESENTATIVE Mr. Zholdaskali Dosmukhambetov (Director)

BUYER’S COMPANY INFORMATION:

COMPANY NAME LMS COMMODITY TRADING DMCC SA
OFFICE ADDRESS 44, rue du commerce, Dudelange,Luxembourg
TELEPHONE NUMBER +352 20 88 03 75 / +33 6 33 49 49 49
EMAIL L.shal@Lmscommodity.com
REPRESENTATIVE Mr. Lassaad Shal

LOCATION QUANTITY TANK FARM TRANSACTION TERM

LOADING ROTTERDAM Qty in words DIP & PAY TANK TO TANK DELIVERY
N/A
PORT 2.000,000 BARRELS

DISCHARGE
COMMODITY
TWO MILLION AVIATION FUEL (JET A-1)
BARRELS

PACKAGING VESSEL ORIGIN KAZAKHSTAN

UNIT PRICE PAYMENT TERMS TRIAL SHIPMENT AMOUNT CONTRACT AMOUNT

$224,000,000.00 USD N/A

$112.00 USD GROSS MT103

DEDUCTED FEES
Total discount N/A
BUYER
Subtotal $224,000,000.00 USD
CONTRACT: 2,000,000 BARRELS TRIAL SHIPMENT FOLLOWED BY 4,000,000 BARRELS X 12 MONTHS (WITH R&E)

FOB TRANSACTION PROCEDURE (TANK TO TANK)

1. Buyer issues ICPO, Company Registration Certificate and Data page of buyer’s Passport copy.

2. Seller receives buyer’s ICPO. Seller issues Commercial Invoice (CI) for the total product in seller’s leased tank in port
terminal for buyer’s endorsement.

Republic of Kazakhstan, Atyrau oblast

+7 (83655) 5566, +7 (879) 443 7754.
info@tengizfield.kz, sales@tengizfield.kz, legal@tengizfield.kz
3. Buyer endorse and returns the signed Commercial Invoice to Seller for final legalization.

4. Seller acknowledges the signed CI and sends the following PPOP documents to buyer.

• Legalized Commercial Invoice

• Authorization to Verify (ATV)
• Letter of Guarantee of product.
• Commitments to Supply
• Statement of product Availability.
• Tank Storage Receipt (TSR)

5. Buyer verify and obtain clearance / access permit to enable buyer’s inspection team gain access into tank yard for
Q&Q test report at buyer’s expense.

6. Seller issues to buyer Unconditional Dip Test Authorization (DTA) for buyer to conduct Dip Test on the product in
seller’s leased tank.

7. Buyer SGS inspection team immediately conducts dip test on the product at buyer’s expense in seller’s tank.

8. Upon successful dip test, seller releases the following POP documents directly on buyer’s secured email.
Intermediaries excluded.

• SGS Report
• Injection Report
• Accreditation certificate
• Export License.
• Authorization to sell & collect (ATSC).
• Product Allocation Certificate
• Certificate of Origin
• Product Passport
• Company Registration Certificate.

9. Buyer provides his TSA, TSR and ATI to enable seller inject the product into the buyer’s tank. In the case where buyer
does not have a Tank. Buyer can extend / Lease the tank where the product is stored for any given period of time
(Between buyer and Storage Company).

10. Buyer pays for the total cost of the product in the tank or injected into the buyer’s tank via MT103 to seller’s
nominated bank account.

11. Within 24hours upon receipt of the payment, seller pays commission to mandates / intermediaries that are involve in
the deal.

12. Seller issues title change/transfer of product to buyer and buyer fully take over the tank and the product.

BANKING DETAILS

WIRE TRANSFER BANKING INFORMATION: SELLER:

Bank Name ALFA BANK JSC SB
Bank Address NURSULTAN NAZARBAYEV AVENUE, 226, ALMATY, KAZAKHASTAN.
Account Number KZT4076399400
Account Name TENGIZ OIL AND GAS FIELD REFINERY

Republic of Kazakhstan, Atyrau oblast

+7 (83655) 5566, +7 (879) 443 7754.
info@tengizfield.kz, sales@tengizfield.kz, legal@tengizfield.kz
 Beneficiary TENGIZ OIL AND GAS FIELD REFINERY
Swift Code ALFAKZKA
Bank officer

WIRE TRANSFER BANKING INFORMATION: BUYER:

Bank Name
Bank Address
Account Name
Account Number
Iban (Euro)
Swift Code
Bank Officer Name
Bank Officer Email
Bank Officer Tel No

Refinery and Buyer reserves the right to change banking coordinates with an addendum to reflect the changes. By signing this contract
agreement in the places provided herein below, the seller and the buyer agree to be bound by provisions hereof.

CONTRACT CERTIFICATE OF QUALITY

QUALITY GUARANTEED SPECIFICATIONQUALITY OF
AVIATION FUEL (JET A-1)
PROPERTY UNIT RESULT TEST-IP METHOD ASTM
ADDITIVE
Antioxidant in hydro processed fuel Mg/l Min 17
Antioxidant non hydro processed fuel Mg/l Max 24
Static dissipate first doping ASA-3 Mg/l Min 24
Staidis 450 Mg/l Min 1
COMBUSTION PROPERTIES
Smoke point Mj/lkg Min 18.4 D4808
Specific energy, net mm Min 19 D1322
Luminomitter number Min 45 D1740
Naphthalenes % Vol Max 3 D1840
COMPOSITION
Total Acidity mg KOH/g Max 0.01 354 D3242
Aromatic % Vol Max 22 158 D1318
Sulphur, Total % mass Max 0.30 107 D1266/2622
Sulphur, Mercaptan % mass Max 0.003 342 D3227
Doctor, test 30 D4952
VOLATILITY
Initial Boiling Point Centigrade Max Report 176 D86
10% Vol @ C 210
20% Vol @ C Report
50% Vol @ C Report
80% Vol @ C Report
End Point Centigrade Max 300
Recovered Residuals % Vol Max 1.5
Loss % Vol Max 1.5
Flash Point Centigrade Max 42 170/303 D56/3828
Density @ 15 C Kg/m2 Min /Max 776/840 180/305 D1256
LOW TEMPERATURE
Freezing Point Centigrade Max -47 15 D2256
CORROSION
Corrosion, Copper (2hrs @ 100oC) Max 1 154 D130
Corrosion, Silver (4hrs @ 50oC) Max 1 227
Thermal Stability Control, Temp. 280oC

Republic of Kazakhstan, Atyrau oblast

+7 (83655) 5566, +7 (879) 443 7754.
info@tengizfield.kz, sales@tengizfield.kz, legal@tengizfield.kz
 Filter Pressure, differential mm.Hg Max 323
Tube deposit rating (Visual) Max 25 <3
CONTAMINATIONS
Existent Gum Mg/100ml Max 7 131 D361
Water reaction, interface rating Max 16 258 D1084
Fuel with static dissipater additives Min 75 D3648
Fuel without static dissipater additives Min 85

By their signatures below, the Parties are verifying they are authorized signatories of their firm and each has had adequate opportunity
to review with their legal counsel and has Understood, Agreed and Accepted this Commercial Invoice effective as of the date stated
above and signed the date shown herein below.

All Parties to this Commercial Invoice hereby agree to be bound by the Terms and Conditions stipulated herein and further state that
their respective representatives have full authority to execute this document.
EDT (ELECTRONIC DOCUMENT TRANSMISSIONS) SHALL BE DEEMED VALID AND ENFORCEABLE INRESPECT OF
ANY PROVISSION OF THIS COMMERCIAL INVOICE.

TENGIZ OIL AND GAS FILED REFINERY LMS COMMODITY TRADING DMCC SA

SIGN SIGN
& &
STAMP STAMP

Mr. Rasul Omar Mr. Lassaad Shal

Sales Director. General Director

Republic of Kazakhstan, Atyrau oblast

+7 (83655) 5566, +7 (879) 443 7754.
info@tengizfield.kz, sales@tengizfield.kz, legal@tengizfield.kz