SALES AND PURCHASE AGREEMENT

DATED : 14TH MARCH. 2018,

BETWEEN THE SELLER :

CYNPET NIGERIA COMPANY LTD

AND

(Buyer’s company name)

The seller hereby confirms having for sale, and the buyer hereby confirms having ability to
purchase:
COMMODITY 1: AUTOMOTIVE GAS OIL
DELIVERY QUANTITY: 10,000 MT AGO

PRICE:N150 GROSS LESS N2..

N2.00 COMMISSION IS SHARED AS FOLLOWS:
SELLER’S AGENTS/FACILITATORS: N1.00
BUYER’S AGENTS/FACILITATORS N1;00
TRANSACTION BROKERS N3;00
DELIVERY SCHEDULE
Payment: NIBSS

SPECIAL DELIVERY CLAUSE; PLEASE NOTE THAT SELLER IS NOT UNDER ANY
OBLIGATION TO USE A PRE-MOBBED VESSEL FOR THIS TRANSACTION.

TRANSACTION PROCEDURE ON AUTOMOTIVE GAS OIL

1. Buyer and Seller initial each page and sign the

contract sales&purchase agreement…

2. BUYER SIGNS AND RETURNS SPA WITH BG AND SELLER WILL

PROVIDE N250M. INDEMNITY.

3. SELLER CONFIRMS BG AND MOVE VESSEL TO

LONGSIDE WITH TANKFARM..BUYER CONFIRM
VESSELS LONGSIDE WITH TANKFARM AND UPON
Q&Q & SUCCESSFUL DISCHARGE OF PRODUCT
INTO TANKFARM,BUYER’S BANK EFFECTS
PAYMENT FOR TOTAL CARGO COST TO SELLER’S
BANK,INCLUDING BROKERAGE/COMMISSION
DUE TO BROKERS&AGENTS/FACILITATORS...

BANK CHARGES: Seller's Bank charges will be borne by the Seller. Buyer's Bank charges
will be borne by the Buyer. The parties agree not to contact each other’s bank (soft probe)
without prior confirmation from the other party. Either party may change his bank during the
cause of the transaction.

SELLER’S BANK COORDINATES TO RECEIVE N144.00 PER LITRE

SELLER’S ACCOUNT TO RECEIVING FUNDS/IBPU BANKING COO RDINATES:

GUARANTY RUST BANK PLC.

BANK NAME

ADDRESS 5, AZIKIWE ROAD, PORT HARCOURT

BANK GUARANTY TRUST BANK PLC

SWIFT CODE GTBINGLA

BANK ACCOUNT NO 0038174163

ACCOUNT NAME CYNPET NIG. COMPANY

SELLER’S AGENT COORDINATES TO RECEIVE N0.50K PER LITRE

BANK NAME
BANK ADDRESS
SWIFT CODE
ROUTING NUMBER : SAME AS SELLER
BENEFICIARY:
ACCOUNT NUMBER
BANK OFFICER
BANK OFFICER TELEPHONE
BANK OFFICER EMAIL ADDRESS

SELLER’S CONSULTANTS COORDINATES TO RECEIVE N1.00K PER LITRE

BANK NAME HERITAGE BANK LTD.

BANK ADDRESS APAPA, LAGOS.
SWIFT CODE 030150881
ROUTING NUMBER : XXXXXX
BENEFICIARY: SARDONYX OIL AND GAS LTD.
ACCOUNT NUMBER 6001628329
BANK OFFICER MR. CHUKWUYERE
BANK OFFICER TELEPHONE
BANK OFFICER EMAIL ADDRESS

TRANSACTION BROKERS’ BANK DETAILS N0:50KOBOPER LITRE (CLOSED (FOUR

GROUPS MOU)CLOSED.

BUYER'S BANK GT BANK

BANK ADDRESS CHALLENGE IBADAN

ACCOUNT NAME DANIA FATIMAH OMOALE

SORT CODE

ACCOUNT NUMBER 0030973645

ACCOUNT OFFICER MANAGER

TELEPHONE
PROJECT CORDINATOR[D] BANK DETAILS N0.50KOBO PER
LITRE

BUYER'S BANK UNITED BANK FOR AFRICA PLC

BANK ADDRESS #10, OSOLO WAY AJAO ESTATE LAGOS NIGERIA

ACCOUNT NAME HELP CONCERNS

SORT CODE 033152873

ACCOUNT NUMBER 1001916691

ACCOUNT OFFICER MANAGER

SWIFT CODE UNAFNGLA

SELLER’S FACILITATOR COORDINATES AMOS & CO, TO RECEIVE N0.50K

PER LITRE

BANK NAME ACCESS BANK PLC

BANK ADDRESS DECO ROAD, WARRI.
SWIFT CODE
ROUTING NUMBER :
BENEFICIARY: AMOS DODD
ACCOUNT NUMBER 0019630944
BANK OFFICER TBN
BANK OFFICER TELEPHONE TBN
TRANSABCTION CONSULTANT COORDINATES , TO RECEIVE N0.50K PER
LITRE MOU 3GROUP B .

BANK NAME ZENITH BANK NIG PLC

BANK ADDRESS OSAPA LEKKI EPE EXPRESS WAY
SWIFT CODE XXXX
ROUTING NUMBER :
BENEFICIARY: PRINCE AJIBOLA FARAYOLA
ACCOUNT NUMBER 1003666640
BANK OFFICER CHIKA ONUGHA
BANK OFFICER TELEPHONE 0803929873

TRANSACTION CONSULTANT COORDINATES, TO RECEIVE N0.50K PER

LITRE MOU 3 GROUP A.

BANK NAME GUARANTY TRUST BANK PLC

BANK ADDRESS UMUAHIA
SWIFT CODE
ROUTING NUMBER :
BENEFICIARY: MICHAEL O. OKOROJI
ACCOUNT NUMBER 0046512588
BANK OFFICER
BANK OFFICER TELEPHONE
```````````````````````````
TRANSACTION CONSULTANT COORDINATES, TO RECEIVE N1.00K PER
LITRE MOU 9 GROUP B.

BANK NAME ACCESS BANK PLC

BANK ADDRESS BAYELSA STATE
SWIFT CODE
ROUTING NUMBER :
BENEFICIARY: BALOGUN EMMANUEL A.O
ACCOUNT NUMBER 0019615842
BANK OFFICER BANK MANAGER
BANK OFFICER TELEPHONE

BUYER’S BANK COORDINATES TO PAY N150.00 PER LITRE

BANK NAME
 BANK ADDRESS
SWIFT CODE
ROUTING NUMBER :
BENEFICIARY:
ACCOUNT NUMBER
BANK OFFICER
BANK OFFICER TELEPHONE
BANK OFFICER EMAIL ADDRESS

BUYER’S AGENT/FACILITATORBANK COORDINATES TO RECEIVE N1;00

PER LITER (MOU) MR. KOLA ADEJUMO
BANK

ADDRESS

ACCOUNT NAME

ACCOUNT NUMBER

QUANTITY AND QUALITY INSPECTION: The quantity and quality of product shall
be
Determined by Inspectors (appointed by Buyer) who shall undertake the inspection:
measuring,
Sampling and testing in the manner customary.

AMENDMENTS AND WAIVERS: The Agreement shall not be amended or modified

or any
Provision thereof waived except in writing and accepted by both parties.

ASSIGNMENTS: The seller/Buyer may, at any time, assign this SALES &
PURCHASEAGREEMENT/ Contract for AGO in total or in portions thereof to any
Other Company, which can adequately assume the financial requirements and
obligations of the
Seller/Buyer, under the terms of the assignment. A formal Notice of the Assignment
shall be
Submitted to the Buyer/Seller, which will contain the Assignees Company Name,
Company
Address and Company spokesperson/ Official to contact and their telephone and fax
numbers
And e-mail addresses.
APPLICABLE LAW: Any dispute arising during the execution of this contract shall
be settled
Amicably. If parties fail to do so, expedite procedure format and all proceedings shall
be
Continued in English and shall be settled by arbitration in accordance with the Laws
of Nigeria.

FORCE MAJEURE: Neither party to this agreement shall be responsible for breach
of contract
Caused by acts of GOD, insurrection, Civil war, military operations, and national or
local
Emergencies. The parties hereby accept the international provisions of force
majored and
Hardships published by the International Chamber of Commerce.

NON-CIRCUMVENTION/NON DISCLOSURE: The undersigned parties do hereby

accept and
Agree to fulfill obligations due to Facilitators. In the event of direct or even indirect
circumvention
Through a third party, the circumvented party shall be entitled to legal monetary
award equal to
The maximum service fees it should have realized from the transaction and no party
shall deal
With other parties without the consent of the Facilitators
DECLARATION: The undersigned declare that the foregoing instrument fully set
forth the entire
Agreement between the parties and the signatories below have been fully and duly
authorized to
Enter into and bind each representative company to the contract. In witness
whereof the parties
Have executed this agreement under the hand of their duly authorized officers as
witnessed

IN WITNESS WHEREOF, the parties have understood all of the terms and
conditions of this
Sales agreement hereby agree to honor all clauses with the privileges, right and
immunities
Pertaining therein, making this sales/purchase Agreement effective on and as of the
effective
Date upon signing by all parties. This Agreement is executed in multiple
counterparts.
Facsimile /Electronic copies of the signed Sales/ Purchase Agreement are hereby
accepted as
Originals and will be deemed to be called and effective for all purposes. The parties
will
Distribute the original copies among themselves promptly.

IN WITNESS WHEREOF, the parties hereto have affixed herein with their hands
and signature
And date first above written.
SIGNED AND DELIVERED BY SELLER

Sign SELLER:
CYNPET NIGERIA COMPANY LTD.

Represented By: JERRY PETER UVO

CHAIRMAN / CEO
14TH MARCH, 2018

BUYER NAME:
:
REPRESENTED BY:

Designation:
Date: