GREENALLIANCE TRADING

LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 To: WHOM IT MAY CONCERN FULL CORPORATE OFFER We state under the laws of perjury that we the undersigned on behalf of our principals offer the below stated procedure(s) for the sale of Nigeria Light crude Oil namely Bonny Light, Forcados Light, Quo-iboe light or in buyers preference with the minimum of two(2) million barrels per month at the stipulated pricing and delivery method therein. OFFER 1 Product: Bonny Light Crude Oil (BLCO) Pricing: $10.00 GROSS /$6.00 NET TO BUYER Delivery Terms: Tanker Take over (TTO) Procedure: Seller and Buyer sign and seal this Contract with banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks. Buyer and Seller sign seal and notarize the ICC Caution letter. Sellers Bank officer (Bank Manager) within 48hrs issues a scanned copy of a bank endorsed corporate Cheque of N50, 000,000.00 issued in favor of Buyer to Buyers bank officer via bank secured email along with a bank endorsed corporate indemnity Letter from Seller to release the said funds to Buyer in Naira/dollars equivalent as applicable within 72hrs upon failure of Seller to execute clause 5 below within the specified time. Within 48 to 72hrs of confirmation of clause 3, Buyers Bank issues by SWIFT a confirmed, irrevocable Bank Guarantee ( BG) of N50,000,000.00 or $350,000.00 in favor of Seller to Sellers Bank for logistics, including loading, clearance and bunkering of vessel to Cotonou waters. Seller within 7 banking days completes loading and gives copy of BOL, Q88, CPA of Loaded Vessel and ATS (authority to sell documents) from the NNPC as proof of product to Buyer/Buyers bank. Seller within 3 banking days, bunkers loaded vessel to Cotonou waters and issues a confirmable Marine ATB directly from his vessel domain email consistent with the Q88 to Buyer, Buyers inspectors and supercargo. Buyer inspectors and super cargo board at buyers expense for Q and Q analysis. Q&Q analysis is done. On successful Q&Q and release of report, Buyer within 48 hrs but not later than 72hrs issues by SWIFT a confirmed irrevocable MT103/23, or SBLC or BG of the total GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 1. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 value of Cargo Charter is placed by buyer with Sellers authorization and title is transferred. Buyer makes full payment by SWIFT wire transfer to Seller and all nominated accounts in the SPA within 24 hrs. Seller and all parties confirm payment. Transaction closes and vessel sails to port of discharge.

OFFER 2 Product: Forcados Light Crude Oil (FLCO) Pricing: $15.00 GROSS /$10.00 NET TO BUYER Delivery Terms: Tanker Take over (TTO) Procedure: Seller and Buyer sign and seal this Contract with banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks. Buyer and Seller sign seal and notarize the ICC Caution letter. Sellers Bank officer (Bank Manager) within 48hrs issues a scanned copy of a bank endorsed corporate Cheque of N50, 000,000.00 issued in favor of Buyer to Buyers bank officer via bank secured email along with a bank endorsed corporate indemnity Letter from Seller to release the said funds to Buyer in Naira/dollars equivalent as applicable within 72hrs upon failure of Seller to execute clause 5 below within the specified time. Within 48 to 72hrs of confirmation of clause 3, Buyers Bank issues by SWIFT a confirmed, irrevocable Bank Guarantee ( BG) of N50,000,000.00 or $350,000.00 in favor of Seller to Sellers Bank for logistics, including loading, clearance and bunkering of vessel to Cotonou waters. Seller within 7 banking days completes loading and gives copy of BOL, Q88, CPA of Loaded Vessel and ATS (authority to sell documents) from the NNPC as proof of product to Buyer/Buyers bank. Seller within 3 banking days, bunkers loaded vessel to Cotonou waters and issues a confirmable Marine ATB directly from his vessel domain email consistent with the Q88 to Buyer, Buyers inspectors and supercargo. Buyer inspectors and super cargo board at buyers expense for Q and Q analysis. Q&Q analysis is done. On successful Q&Q and release of report, Buyer within 48 hrs but not later than 72hrs issues by SWIFT a confirmed irrevocable MT103/23, or SBLC or BG of the total value of Cargo Charter is placed by buyer with Sellers authorization and title is transferred. Buyer makes full payment by SWIFT wire transfer to Seller and all nominated accounts in the SPA within 24 hrs. Seller and all parties confirm payment. Transaction closes and vessel sails to port of discharge. GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 2. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 OFFER 3 Product: Bonny Light Crude Oil (BLCO) Pricing: $10.00 GROSS /$6.00 NET TO BUYER Delivery Terms: Tanker Trans-shipment (TTT) Procedure: Seller and Buyer sign and seal this Contract with banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks. Buyer and Seller signs acceptance of Escrow instructions as per annex A below and forward same to bank. Within 24hrs, Buyers Bank Manager and Sellers Bank Manager opens communication for Buyer to Escrow N10, 000, 000.00/dollar equivalent in favor of Seller. With Escrow in place, Seller within 7 banking days completes loading of shuttle vessel or nominates a vessel from the fleet of NNPC loaded vessels and instructs the captain to issue the loaded cargo documents directly from the domain of the vessel to buyers bank in Buyer and Sellers name Buyer within 3 banking days of confirmation of loaded cargo documents via bank secured email issues his valid CPA, Q88 and Authority to Load (ATL) along with his charter invoice for Sellers confirmation. CPA must be marked Prepaid in the name of Buyer Seller confirms the vessel documents and within 48hrs instructs his captain to issue a confirmable Marine NOR to Buyers vessel copying Buyers bank and Buyers nominated email. Buyers Captain confirms NOR and Buyer within 24hrs releases N10, 000,000.00 Escrow to Seller and within 48hrs issues MT103/23 for the total value of cargo. Seller within 48hrs of confirmation of payment instrument instructs his loaded vessel to long side with buyers vessel for Q&Q analysis. Q&Q analysis is done and report is released. Upon release of report, transshipment is effected immediately with SGS monitoring the transshipment and Title is transferred.

Buyer makes full payment by SWIFT wire transfer to Seller and all nominated accounts in the SPA within 48 hrs. Seller and all parties confirm payment. Transaction closes and vessel sails to port of discharge.

OFFER 4 GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 3. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 Product: Forcados Light Crude Oil (FLCO) Pricing: $12.00 GROSS /$8.00 NET TO BUYER Delivery Terms: Tanker Trans-shipment (TTT) Procedure: Seller and Buyer sign and seal this Contract with banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks. Buyer and Seller signs acceptance of Escrow instructions as per annex D below and forward same to bank. Within 24hrs, Buyers Bank Manager and Sellers Bank Manager opens communication for Buyer to Escrow N10, 000, 000.00/dollar equivalent in favor of Seller. With Escrow in place, Seller within 7 banking days completes loading of shuttle vessel or nominates a vessel from the fleet of NNPC loaded vessels and instructs the captain to issue the loaded cargo documents directly from the domain of the vessel to buyers bank in Buyer and Sellers name Buyer within 3 banking days of confirmation of loaded cargo documents via bank secured email issues his valid CPA, Q88 and Authority to Load (ATL) along with his charter invoice for Sellers confirmation. CPA must be marked Prepaid in the name of Buyer Seller confirms the vessel documents and within 48hrs instructs his captain to issue a confirmable Marine NOR to Buyers vessel copying Buyers bank and Buyers nominated email. Buyers Captain confirms NOR and Buyer within 24hrs releases N10, 000,000.00 Escrow to Seller and within 48hrs issues MT103/23 for the total value of cargo. Seller within 48hrs of confirmation of payment instrument instructs his loaded vessel to long side with buyers vessel for Q&Q analysis. Q&Q analysis is done and report is released. Upon release of report, transshipment is effected immediately with SGS monitoring the transshipment and Title is transferred.

Buyer makes full payment by SWIFT wire transfer to Seller and all nominated accounts in the SPA within 48 hrs. Seller and all parties confirm payment. Transaction closes and vessel sails to port of discharge.

OFFER 5 Product: Bonny Light Crude Oil (BLCO) Pricing: $11.00 GROSS /$6.00 NET TO BUYER GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 4. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 Delivery Terms: Tanker Take Over (TTO) Procedure:
THE BUYER AND SELLER SIGN THE CONTRACT AND NON CIRCUMVENTION AGGREEMENT TO COVER RELEVANT INTERESTS. SELLER SHALL PROVIDE BUYER WITH LOADING DOCUMENTS OF THE VESSEL INCLUDING BUT NOT LIMITED TO CPA, Q88, BILL OF LADING, COMMERCIAL INVOICE, AND AUTHORITY TO SELL. BUYER ISSUES A NON-OPERATIVE LETTER OF CREDIT / MT799 PROOF OF FUNDS/ MT103/23 TO SELLERS BANK. SELLER PROVIDES MARINE ATB AND AN INDEPENDENT INSPECTOR APPOINTED BY THE BUYER ASCERTAINS THE QUALITY AND QUANTITY AND REPORTS BACK THE SAME TO THE BUYER AND COPYS SELLER SELLER ISSUES THE COMPLETE SHIPPING DOCUMENTS TO THE BUYER IN THE BUYERS NAME TO ENABLE THE BUYER PROCESS THE PAYMENT FOR THE CARGO. THE SELLER ORGANIZES FOR THE BUYER TO CHARTER THE VESSEL THROUGH THE SHIPPING AGENT COMPANY/SHIP OWNERS. CAPTAIN OF VESSEL ISSUES ITS NOTICE OF READINESS (NOR) TO BUYERS PORT OF DISCHARGE/ DESTINATION INCLUDING BUT NOT LIMITED TO VESSELS CALL SIGN, CAPTAIN NAME AND ALL OTHER RELEVANT COORDINATES OF HIS FEEDER TANKER, TO BE VERIFIED BY THE BUYER PAYMENT IS RELEASED BY KTT (SWIFT TRANSFER) AT OUT-TURN OF BARRELS UPON PRESENTATION OF THE TRANSACTION DOCUMENTS AT BUYERS BANK. THE VESSEL MOVES TO THE DISCHARGE POINT. THIS DELIVERY IS AGREED TO BE A MONTHLY TRANSACTION OF TWO MILLION BARRELS EACH FOR A TOTAL OF ONE CALENDER (12 MONTHS) YEAR.

OFFER 6 Product: Bonny Light Crude Oil (BLCO) Pricing: The price to be paid shall be based on the quantity of Crude Oil for each out-turned shipment based on standard barrels and under Dated Brent as in the Platts Oil gram Report. The applicable currency in respect of payment for the Cargo shall be United States Dollar (USD). The price shall be calculated on the three (3) days average mean quotation, before the date of discharge at the Buyers nominated Port. The Discount to the Buyer shall be: CIF European Ports Gross Six Dollars ($6.00), Net US Three Dollars (USD $3.00) per barrel below DID Brent. CIF USA Ports Gross Five Dollars ($5.00), Net US Two Dollars (USD $2.00) per barrel below DID Brent. CIF Asia Ports Gross Four Dollars ($4.00), Net US One Dollars (USD $1.00) per barrel below DID Brent, Three US Dollars ($3.00) to the Seller and Buyers Mandates, Facilitators and Brokers. Delivery Terms: Cost, Insurance, Freight (CIF) Delivery to Buyers port of discharge. Procedure: GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 5. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 Buyer issues ICPO in Sellers Format + NCND/IMFPA Seller issues draft Contract to buyer Buyer and Seller sign and seal Sales and Purchase Agreement (SPA) and deposit in respective banks. Buyer and Seller sign Performance Guarantee Undertaking of 3 million dollars appended by their attorneys in accordance to verbiage as per Annex A. Buyer's bank within 5 banking days, swifts an inactive Standby Letter of Credit (SBLC) that calls for a 2%PB to Sellers bank in accordance to the approved verbiage as per Annex B, and forward the swift confirmation to Seller. Within 5 banking days, Sellers bank activates buyers SBLC with its 2% cash backed Performance Bond in accordance to the approved verbiage as per Annex C. Upon confirmation of activation of buyers SBLC, within 10 banking days, Seller forwards Proof of Product (cargo document s, Certificate of Ownership, CPA and SGS REPORT) to Buyer Seller instructs his vessel captain to issue a marine Notice of Readiness (NOR) and Estimated Time of Arrival (ETA) to Buyers discharge port Harbor Master. Vessel captain set sail for Buyers discharge port. Sellers attorney collates and courier to Buyers Bank all original cargo documents including the transfer of Certificate of Ownership in Buyers name and a letter requesting for Buyers bank to acknowledge receipt of all necessary documents for draw down of payment instrument to Sellers bank via SWIFT MT 199. Buyers bank send to Sellers bank via SWIFT MT 199 a confirmation that all the conditions of the Letter of Credit has been satisfied and that payment will be effected within 24 to 48 hours after discharge. Upon arrival at Buyers port of discharge, Buyers bank releases payment via SWIFT MT 103 or KTT Wire Transfer within 24 to 48 hours upon discharge. NB: PRICES AND PROCEDURES ARE NON NEGOTIABLE AND NOT OPEN FOR DELIBERATION.

EXECUTION OF THE SALES & PURCHASE CONTRACT AGREEMENTS: The final execution and signing of the sales & purchase contract agreements shall be done between the Principals, the End-Sellers/Suppliers of the various offers and the End- Buyers via their SECURED email addresses respectively Only in acceptance of any of the above offers, please issue a Letter of Intent to our Principals/Sales agents to the address below;

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

6. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011

THE CHIEF EXECUTIVE OFFICER, FORESIGHT ENERGIES LTD KEBBI STATE, NIGERIA
THROUGH:

THE TRADING DIRECTOR GREENALLIANCE TRADING, LAGOS STATE, NIGERIA Attn: MR. OLA OLADAPO.

Please accept our best wishes in the interest of our principals.

For: GREENALLIANCE TRADING

OLUWABUNMI OLANIYAN
OLUWABUNMI OLANIYAN Trading Director

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

7. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011

ANNEX
ANNEX A PERFORMANCE GUARANTEE UNDERTAKING. This Performance Undertaking is entered this XX day of XXXXXXXX, 2011 between SELLERS NAME AND FULL CORPORATE ADDRESS

(Hereinafter referred to as Seller, which expression shall where the context so admits includes its successors in title, legal representative and assigns of the one part)

AND

BUYERS NAME AND FULL CORPORATE ADDRESS

(Hereinafter referred to as Buyer, which expression shall where the context so admits includes its successors in title, legal representative and assigns of the other part).

1.0

PENALTY CLAUSE:

We, XXXXXXXXXXX in our capacity as Buyer do hereby undertake to pay a penalty of THREE MILLION UNITED STATES DOLLARS ($3,000,000.00 USD) ONLY to Seller, XXXXXXXXXX, in the event of our failure to kick start the transaction for delivery of 2 million barrels of BLCO with Transaction Code within five (5) banking days of signing and notarizing this performance undertaking by issuing a Confirmed inactive Standby Letter of Credit that calls for a 2% PB for the total value of the Cargo in favor of Seller and in accordance to the signed SPA.

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

8. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 Also, the Seller, XXXXXXXXXXX, undertake to pay the sum of THREE MILLION UNITED STATE DOLLARS ($3,000,000.00 USD) ONLY to Buyer, XXXXXXXXXX, if after Five (5) banking days upon confirmation of Buyers Confirmed inactive Standby Letter of Credit for the total value of the Cargo issued in favor of Seller and in accordance to the signed SPA, they fail to issue a 2% cash backed performance Bond to Buyers bank in accordance to signed SPA, to satisfactorily commence delivery to the buyer, the shipment of 2 million barrels of Bonny Light Crude Oil on CIF basis 2.0 NON-CIRCUMVENTION, NON-DISCLOSURE:

The Parties accept and agree disclosure with regard to all Parties involved in this transaction and agree that: 2.1 2.2 Due to the highly confidential nature of this Undertaking, the Parties agree to maintain strict confidentiality concerning the identity of the Parties, directly or indirectly involved in this transaction, whose identity may become known to each other on tending of documents assembled for banking or government approval. Neither Seller nor Buyer involved in this transaction will contact the other Party, or Partys Bank, except through their own Bank Officers, without the expressed written permission of the other Party. And such unauthorized communications or any distribution of agreement documents will at the option of the injured Party void this Agreement. At the signing of the Penalty Agreement by both Parties, the Penalty Clause of THREE MILLION DOLLARS ($3,000,000.00), takes effect automatically.

2.3

This document is hereby, taken as signed, sealed and / or stamped on this day XX of XXXXXXXXXXXX, 2011, by buyer and sellers respectively.

---------------------------------------------For: SELLER Mr. XXXXXXX MD/CEO PASSPORT NUMBER

----------------------------For: BUYER Mr. XXXXXXX MD/CEO PASSPORT NUMBER

In the Presence of Buyer and Sellers Notary public officers:

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

9. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 ----------------------------------Authorized Signature/Seal of Sellers Notary Public. ---------------------------------Authorized Signature/Seal of Buyers Notary Public.

For Notarization: MAGISTRATE COURT. (Final notarization/ court filing to be done by buyer after both parties and their lawyers must have signed)

ANNEX B
(ON ISSUING BANKS LETTERHEAD) DOCUMENTARY LETTER OF CREDIT

ISSUER: [Buyers Bank] DOCUMENTARY LETTER OF CREDIT NUMBER: DATE OF ISSUE: DATE OF MATURITY: DATE OF EXPIRATION: BENEFICIARY: [Seller]

We, [Buyers Bank] hereby open our unconditional, irrevocable transferable confirmed, Letter of Credit, valid at your counters in favour of [Seller] for the amount of $[Amount provide] U.S. Dollars. Payment will be at sight of Q and Q report and the bill of lading from the Date of Issue (The Maturity Date). Payment is available by the Beneficiary's First written demand via Bank Wire System. Demand Hereunder must be marked drawn under Letter of Credit No: Dated [Date provided].

We hereby engage with you that the draft or proceed drawn under and in compliance with the terms of this Letter of Credit is subject to Uniform Customs and Practices for Standby Credit (1996 revision) I.C.C. Publication No. l00/500. This swift automatically becomes an operative instrument upon confirmation receipt of receiving banks two percent (2%) GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 10. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 performance bond. All bank charges in connection with this Letter of Credit are for the account of the applicant. Letter of Credit Expires on [Date provided] [Buyers Bank] NAME AND TITLE OF AUTHORIZED BANK OFFICER ABA/SWIFT: Account #: Account Holder: SEAL SWIFT TEXT: : 40B FORM OF DOCU: IRREVOCABLE WITH CONFIRMATION : 45B/SHIPMENT OF: ISRI [Product] at [Price] per MTW under (CIF) terms. :46B/DOCUMENTS REQUIRED: SIGNED COMMERCIAL INVOICE ISSUED BY SELLER IN ONE ORIGINALS AND 3 COPIES, DESCRIPTION OF GOODS, BILL OF LADING NUMBER, PIECES OF BUNDLES OF GOODS, UNIT PRICE, TOTAL AMOUNT, GROSS/NET WEIGHT OF THE GOODS + A FULL SET (3/3) STANDARD OCEAN BILLS OF LADING, MADE OUT TO ORDER, BLANK ENDORSED, MARKED FREIGHT PREPAID.

(Authorized signature from Buyers bank)

(Authorized signature from Buyers bank)

ANNEX C BANK PERFORMANCE BOND

To: (Buyers Bank) Attention: For the account of: (name and address of Buyer) GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 11. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 With reference to the contract concluded with (name of Buyer) on.................... 2011 referenced as Contract, with (name of Seller), for the purchase of a quantity of ...................................... barrels of..........................................Crude Oil. The agreement prescribes that the SELLER will release a 2% performance bond, issued by a first class International Bank. We, (name of Sellers bank), in consideration of the above, hereby establish our irrevocable confirmed bond in favour of (name of Buyer), for the amount of US $................................. (US Dollars......................................). This bond covers the due execution and proper performance of the contract by (name and address of Seller). We hereby consider ourselves engaged unconditionally and irrevocable to pay to you forthwith, as a consequence of one or more requests of payment for non performance of the above mentioned contract substantiated by documentary evidence, within the limit of this bond, at your simple first demand (either by telex or by letter) and notwithstanding any exception and/or contestation by (name of Seller) and or any other party whatsoever, by waiving the benefit of the previous request/s of payment/s of the principal debtor, any amount that you will specify us as due to you in reference to the above mentioned sales/purchases agreement up to and not exceeding this sum. Our bond in your favour shall remain valid for a period of 3 months from the date hereof. Should we receive no claim from you up to the date of expire of this letter of bond, our liability will become null and void. This bond is governed by International laws

For and on behalf of the issuing bank:

Bank Officer 1

Bank Officer 2

ANNEX D ESCROW INSTRUCTIONS

This instructions and agreement is made this day 1st July, 2011 between XXXXXXX represented by XXXXXXX (hereinafter) referred to as SELLER and XXXX represented by XXXX (hereinafter) referred to as BUYER having signed the Sale and Purchase Agreement with contract Number: XXXXXXXX These instructions as set out herein shall govern the ESCROW of Ten Million Naira Only (10,000,000.00) to be issued from XXXXXX (hereinafter) referred to as BUYERS BANK to an ESCROW account in XXXXXXX (hereinafter) referred to as SELLERS BANK for proper execution of the contract referenced above and in accordance to the signed SPA GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN 12. CONFIDENTIAL

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011 1. XXXXXXX (Buyer) irrevocably Deposits N10, 000,000.00 (TEN Million Naira only) into escrow account in Sellers Bank. Escrow agent will confirm deposit. XXXXXXXX (Seller) has 7 banking days after confirmation of ESCROW to complete loading of cargo in accordance to the contract agreement or nominate a vessel from the fleet of NNPC loaded vessels and instructs the captain to issue the Loaded cargo documents directly from the domain of the vessel to buyers bank in Buyer and Sellers name, If not, N10, 000,000.00 escrow will be released back to XXXX (Buyer). After receiving the loaded Cargo documents directly from the desk of the captain and consistent with the Q88, XXXX (Buyer) has 3 banking days to issues the Sellers bank via bank secured email his valid CPA, Q88 and Authority To Load (ATL) along with his charter invoice in accordance to the signed contract agreement. If Buyers vessel details are not received within this period, the N10, 000,000.00 shall be immediately released to XXXXX (Seller) Upon receipt of Buyers vessel documents, Seller has 2 banking bays to instruct his captain to issue a confirmable Marine Notice of Readiness (NOR) to Buyers vessel copying Buyers bank and Buyers nominated email and in accordance to the signed contract. If Marine NOR is not received within this period, the N10, 000,000.00 will be released back to XXXX (Buyer). After receiving the Marine NOR directly from the desk of the captain and consistent with the Q88 to Buyers bank and Buyers nominated email, the N10,000,000.00 shall be immediately released to XXXX (Sellers Bank) to refinance the loading /nomination fees and/or expenses incurred by XXXXXX (Seller) Buyer is responsible for the expenses and fees associated with the escrow. Buyer and Seller each agree to indemnify the escrow agent against harm from any cause of action or liability which may arise during the completion of the proposed transaction. Dated this _________day of _______, 2011.

2.

3.

4.

5.

5. 6.

____________________ FOR AND ON BEHALF OF THE SELLER: Seller: Address: Represented Legally:

____________________ FOR AND ON BEHALF OF THE BUYER: Buyer: Address: Represented legally: 13. CONFIDENTIAL

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

GREENALLIANCE TRADING
LAGOS, NIGERIA
greenalliancetrading@gmail.com Wednesday, July 06, 2011

GREENALLIANCE TRADING | ENGR WALE ADEGOKE MR OLUWABUNMI OLANIYAN

14. CONFIDENTIAL