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IRREVOCABLECONFIRMEDPURCHASEORDERDate:13August2009To:Lukoil-UralnefteptoductWe,EUROASIAENERGYCO.LTD.asfunderwithfullintentiontopurchaseonthefollowingcommodityasperthespecificationandquantityatapriceasspecifiedintheforegoingtermsandconditionsassetforth,hereunder:COMMODITY:MazutM100(GOST10585-75)Sulphur0.5SPECIFICATION:AsinAppendixAPRICEFORPRINCIPALBUYER:FOB,RussiaBalticSeaPort,USD270.00perMetricTon(‘MT’)CONTRACTQUANTITY:600,000MT(50,000MTx12months)SHIPMENTPACKING:InBulkVESSELCAPACITY:About50,000MTpervesselCOUNTRYOFORIGIN:RussianFederation.DESTINATIONCOUNTRY:PeoplesRepublicofChinaINITIALDELIVERYTIME:Within35daysafterseller’sreceiptofDL/C(DocumentaryLetterofCredit)INSPECTIONAGENT:SGSatSeller’sporttobeinstructedbyBuyer.TYPEOFCONTRACT:FOB,BalticSeaPortBILLOFLADING:FullsetoforiginalBillofLadingtobepresentedundertheDLCMETHODOFPAYMENT:ByIrrevocable,TransferableDocumenaryLetterofCreditBysigning,PrincipalBuyerandtheSellerarebothinmutualunderstandingandthatallothertermsaresubjecttoFinalAgreementoftheSalesContract.Procedure:Stage1:TheBuyersuppliesformalcontractrelatingtothepurchaseandsaleofthegoods.Stage2:Uponsigningofthecontract,SellerconfirmstotheBuyerthefactofpresenceandthearrangementofdelivery(conditionsofdelivery-FOBportBalticSea)offueloilbypresentationofthefollowingdocumentsrelatingtotheexistenceoffueloilandarrangementfordomestictransportation:1.ContractbetweenOOOLukoil-UralnefteptoductandOOOEcologyPlus.2.ContractbetweenLukoil-ResourceandOOOEcologyPlus.(ThesetwoContractsaretodeliveryMazuttoOOOEcologyPlus).3.TheseContractsNo.1&2abovetodelivery50,000MTMazutM100permonth.4.ContractbetweenOOOEcologyPlusandSuperGroupPurtners,LtdunderFCAconditionsbythegroupofthecityofUfarefineries.5.TheLetterfromOOOEcologyPlustoGuaranteethedelivery(sale)50,000MTofMazutM100permonthtoSuperGroupPurtners,Ltd.6.ContractbetweenOOOReservNefteGasandSAOИнтертрансfortransportationtheGoodsfromtherefinerytotheloadingportNo.713dated09.06.08.7.TheContractbetweenSuperGroupPurtners,Ltd.andOOOReservNefteGasfortransportationoftheMazuttotheportofloadingandloadingtheGoods.8.ContractbetweenOOOReservNefteGasandNordOilBunkerLtd11/06/08dated07.06.08forthestorageandreloading(perevalka).Stage3:ThefollowingdocumentswilltobepresentedtotheBuyerasaproofofproductcommencetodelivertotheBuyer:CopyofthestatementofavailabilityofthefueloilCopyoftheproducersalescontractwithoutfinancialdetailsCopyofthepassportofthedeal:MarshroutetelegramCopyoftherefineryrunforthemonthofdeliveryCopyoftheportstorageandloadingcontractCopyofanyissuedgraphicsorpreliminarygraphics,ortankreceiptandportcontract.Stage4:WithinfivebankingdaystheBuyerBankissuesthefollowingpaymentinstrument:a)Irrevocable,RevolvingDocumentaryLetterofCreditissuedbyShanghaiPudongDevelopmentBanktotheSupplierforthevalueofthecargo-to-cargoormonthlybasis;BankingchargesoftheBuyer'sbankarefortheBuyer'saccount,Seller'sbank-forSeller'saccount;AcceptedonbehalfofthebuyerAcceptedonbehalfofthesellerAppendixARussianOriginMAZUT-100Specification:GOST10585-75COMPONENTRESULT1.Ashcontent,notmore%0,142.Massfractionofsulphur,notmore%0,53.Temperatureoftheflash,notlessºCintheopencrucibleºC110min4.Thetemperatureofsolidification,nothigherºC255.Kinematicsviscosityat50ºC118max6.Watercontent0.5%7.MechanicalimpuritiesLowerthan0.1%8.AcidityLowerthan5mgKOH/100ml9.Alkalinitynil10.GrossCalorificValueKcal/kg/KJ/kgMin9200/4130011.Densityat15.0deg.CKg/l0.890-0.92012.HydrogenSulfideContent(H2S)pom0.5max13.CarbonResiduaLowerthan7%14.Vanadium(V)ppm3015.Aluminum(Al)ppm516.Silicon(Si)ppm1217.Nickel(Ni)ppm2918.Aspartamesm/m3.6%19.Distillation@4mmHgExtractedto760mmHgInitialBoilingPointdeg.C2165%recovereddeg.C25910%recovereddeg.C31020%recovereddeg.C35830%recovereddeg.C44540%recovereddeg.C50250%recovereddeg.C53460%recovereddeg.C53875%recovereddeg.C54580%recovereddeg.C-90%recovereddeg.C-FinalBoilingpointdeg.C560PercentRecoveredvol78%Residuevol22%TotalNitrogenm/m0.192%20.Sodium(Na)ppm15