CIF MT799 SPA Nigeria BLCO 2015. 翻译 文本

CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

SALE AND PURCHASE AGREEMENT OF NIGERIA BONNY LIGHT CRUDE OIL ON A CIF ASWP BASIS, CONSIGNED TO

SELLER AND RE-ASSIGNED TO FINAL BUYER

NNPC/MOBIL, SPDC, AGIP JOINT VENTURE OPERATORS

BONNY TERMINAL

Seller Re-assigned to Buyer. LIFTING FROM 2014 NNPC BULK EQUITY 3RD QUARTER ACCOUNT APPROVED OF OUR MPR PROOF OF PRODUCT INFORMATION PRODUCT: QUALITY: QUANTITY: CONTRACT NO: CONTRACT DURATION: TRANSACTION CODE: EXPORT PERMIT LICENSE NO: BULK APPROVED MPR REF NO: SUPPLIERS: CONSIGNEE: VESSEL EXPORT PERMIT LICENCE: SHIPMENT NUMBERS: FINANCIAL BANK INSTRUMENT: PAYMENT OF PRODUCT : DISCOUNT:

SELLER’S INITIAL

BUYER’S INITIAL

NIGERIAN BONNY LIGHT CRUDE OIL NNPC EXPORT STANDARD 4,000,000 BARRELS NIGERIAN BONNY LIGHT CRUDE OIL COSD.S.T.061 60 MONTHS WITH A ROLLOVER TO 72MONTHS NNPC/BLO/T/OPS/BON/279 EXP. T/28/VOL.4/2322 DPR/DS/CTO/2018/VOL89/093 NNPC JV OPERATORS, BONNY TERMINAL AJIA HONG KONG TECHNOLOGY CO.LTD TO BE NOMINATED CPI/CO/28/VOL.V11/191 TO BE CONFIRM SHALL BE BY CONFIRMED MT799 BLOCK FUND SWIFT MT103 WIRE TRANSFER GROSS: USD$10.00 PER BARREL TO BUYER Page: 1

CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

PORT OF LOADING: INSPECTORS: SHIPMENT LOAD: BONNY TERMINAL BONNY S.G.S OR ITS EQUIVALENT – IN NNPC TERMINAL 2,000,000 BARRELS PER VESSEL LOAD X 2 SECOND PROOF OF PRODUCT /CARGO INFORMATION- LIFTING FROM 3RD QUARTER BULK APPROVED OF OUR MPR. Export permit license no: MPR Ref No: Transaction Code: Product: EXP.T/28/Vol.4/2322 DPR/DS/CTO/2018/Vol89/093 NNPC/BLCO/T/OPS/BON/279 Nigeria Bonny Light Crude Oil minimum of 280,000 m/tons or minimum quantity of 5,000,000+/-5% barrels volume as corrected to per-pt-(5) Port of loading: Suppliers: Consignee: Vessel:

QUALITY: NIGERIAN LIGHT CRUDE OIL OF STANDARD EXPORT GRADE.

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BUYER’S INITIAL

Bonny terminal bonny NNPC JV Operators, Bonny Terminal to be advised (TBA) to be nominated (TBN Page: 2

CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

BONNY LIGHT CRUDE OIL SPECIFICATION

If the specification of the product as per inspection for NNPC Export Grade fails to conform with the Bonny light Crude Oil specification, as agreed to in the contract, the price per barrel shall decrease by USD 0.02 (two United States Cents) for each 1/10th (one tenth) of a percent above 0.15% wt., Sulphur for the Crude Oil. SPECIFIC GRAVITY: 0.8459. WATER CONTENT: 0.2% Vol. Max BSW: 0.6% Vol. max.

POUR POINT: Below 40 Degree F. max SALT: LB per 1,000 bbl, 12, max Total Sulphur, wtK%: 0.14 max Reid Vapor Pressure: 6.52 PSIG, max Carbon Residue, wt%: 1.0, max. VINI, PPM wt:, 2.0

Vis, cst @ 37.8 Deg C.: 3.47, min. Yield C1-C4 wt%: 2.10

FIDUCIARY SELLER; AJIA HONG KONG TECHNOLOGY CO.LTD

Duly incorporated under the prevailing Laws of the Federal Republic of Nigeria, [Hereinafter called the “SELLER” Representing N.N.P.C which expression where the context so admits, shall include her personal Representatives,

Heirs, Successors-In-Title, Agents and Assigns] on the one part.

CIF PROCEDURE WITH MT799 BLOCK FUND TO SELLER FOR 4MILLION BARRELS X 12MONTHS

WITH ROLLOVERS CONTRACT / BANK INSTRUMENT FROM ANY PRIME BANK

.

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CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

PRODUCT SOURCE: NNPC BONNY OCEAN TERMINAL BONNY, RIVERS STATE, NIGERIA.

ADDRESS: Bonny Terminal Office Complex, Bonny,

Rivers State, Nigeria.

THIS AGREEMENT IS MADE ON THIS 27TH DAY OF APRIL 2015

BY AND BETWEEN

AJIA HONG KONG TECHNOLOGY CO.LTD

Hereinafter referred to as (\

AND:

TODOW GROUP

ADDRESS:

Represented by: MRS OU YANG

Hereinafter referred to as (“Buyer”)

SELLER and BUYER may hereinafter be referred to individually or collectively as a \ or \

1. Recitals

The Seller with Full Legal and Corporate Responsibility agrees to sell to the Buyer the herein specified Crude Oil in the quantity and quality as agreed. The Buyer, with Full Legal and

Corporate Responsibility, agrees and irrevocably commits to purchase the said Crude Oil in the quantity and quality herein stipulated.

The Parties mutually desire to execute this Agreement which shall be binding upon and inure to the benefit of each Party, their successors and assigns in accordance with the jurisdictional law

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DATED 27Th APRIL, 2015

of the negotiated and fully executed Agreement, with terms and provisions hereunder agreed upon.

Whereas, the parties mutually accept to refer to the General Terms and Definitions, as set out by the INCOTERMS Edition 2000 with latest amendments, having the following terminology fully understood and accepted:

2. Definitions

Except where the context otherwise indicates, the following terms shall have the meaning as described to them in this paragraph 1, and shall include plural as well as singular.

“Bill of Lading” The official document, issued at the Loading Port after completion of the loading operations, stating, among other things, the ship?s loaded quality, expressed in Cubic Meters (M3) and in Metric Tons (MT) or barrels per the definitions herein. This document must be signed in original by the ship?s Master.

“Loading Date” The date mutually accepted by both the Seller and the Buyer as the date on which the nominated International Surveyor Company has ascertained the quantity and quality of the Crude Oil pumped into the Buyer?s designated Vessel.

“Delivery Date” The date mutually accepted by both Seller and Buyer is the date on which the Master of the chartered vessel shall advise notice of readiness (N.O.R.) to the Port Authority at the discharge terminal facilities.

“Execution Date” The date on which the Seller and the Buyer receive their respective faxed copies of this Agreement, or as may be indicated otherwise in this Agreement.

“Platts” Platts McGraw Hill, London is the organization internationally recognized and

accepted, which publishes official market prices of Crude oil & petroleum products on a daily basis.

“NNPC” shall mean Nigerian National Petroleum Corporation.

“ASTM/IP” Institute of Petroleum now known as the Energy Institute. American Society for Testing and Materials, is the internationally recognized Institute, that approved all Standards, Tests and Procedures used in the Oil Industry and as referred to in this Contract is the latest ASTM/IP Petroleum Measurement Tables latest revised edition in enforce to date.

“Affiliate” shall mean any company or corporation of Seller or Buyer which owns directly or indirectly fifty (50) percent or more of the shares carrying voting rights of such Party (Party company) and any company or corporation other than such Party of which such parent company or such Party owns directly or indirectly fifty (50) percent or more of the shares carrying voting rights.

“API” shall mean American Petroleum Institute. Reference: AMERICAN PETROLEUM INSTITUTE STANDARDS in effect as of JULY 1, 1993.

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1) Demurrages at discharge ports, if any and if not caused by Buyer's nominated discharge terminal, will be paid by the Seller to the Buyer at sight, at first and simple written request. Conversely, if demurrages have been caused by the Buyer's discharge terminal then the

corresponding amount shall be borne by the Buyer to be paid to the Seller at sight, at first and simple written request.

2) Demurrage amounts shall be computed at the Chartered Party Agreement rate. For this

purpose, Seller shall provide the Buyer with a copy of the original Charter Party Agreement. In lieu of said rate, demurrage shall be computed by applying the current London Tanker Brokers Panel's Monthly Average Freight Rate Assessment (A.F.R.A.) applicable to vessel of a similar size as provided for in the Worldwide Tanker Nominal Freight scale (World scale) as amended from time to time, or such other Freight Scale as may be issued in replacement thereof.

3) Demurrages will be based on daily rate or pro-rata thereof.

10. Title and Risk of Loss (Penalty)

On the date of receiving Buyer?s MT799 at Seller?s designated bank Seller should change the consignee?s name on Bill of Laoding Into Buyer?s name within 48hours after the bank instrument is confirmed. At the same time Buyer takes the Warranty of Title of the loaded BONNY LIGHT CRUDE OIL as the consignee. Title and risk of loss or damage to the Crude Oil shall pass from Seller to Buyer at the Buyer?s Discharge port, when the last drop of the Crude Oil is disported into the Buyer's receiving apparatus and all connections to the Vessel have been removed. Both Parties having understood all the terms and conditions of this sale and purchase contract agree to honor all the clauses and privileges, rights and immunities contained therein. Each copy of this contract agreement will be signed, presented and sent to the seller and Buyer's bank. In case of failure to honor any of the clauses, privileges and rights by either the buyer or the seller, the defaulting party agrees to reimburse the other party the full cost of his performance as fou Million US Dollars (USD$4,000,000.00,) at the time of the breach, without prejudice to other remedies available at law or equity. After buyer issue the pre-advice and former MT799 to seller who can?t sale the product to the any kind of another buyers with hight price.

11. Indemnity

Seller expressly declares and warrants that all Crude Oils bought by the Buyer under this Agreement are free from all encumbrances, and not derived from illegal/criminal sources.

12. Price

a. The price to be paid shall be based on the discharged quantity of Crude Oil for each shipment based upon out-turn barrels, inside customs and per “DTD Brent” (DTB) assessment as published in Platt's Crude Oil gram Report less the discount stated herein below.

b. The applicable currency with respect to payment for the Commodity shall be United States Dollars (USD).

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c. The price shall be calculated on the three (3) days? average mean quotations for assessment of Platt?s DTB circa the date of delivery (one day before, the day of, and the day after discharge).These quotations shall be furnished by Seller to Buyer with invoice.

d. The Gross Discount to the Buyer shall be US $10.00 (Twelve Dollars) per barrel. Net Discount is USD $8.00 and USD2.00 Commissions for the Seller Side is USD $1.00 to the Buyer?s Side USD $1.00. Final Bank Payment (MT103).

The Buyer will pay to the Seller the Net Price (Platts – Gross Discount) and will pay commissions into nominated accounts as stated in the FPA ATTACHED HEREIN

13. Payment Terms

a. The payment shall be made in US Dollars and guaranteed by an irrevocable and MT799 BLOCK FUND, issued in favor of the Seller nominated bank account. Such MT799 BLOCK FUND must be issued by a reputable PRIME bank acceptable to Seller?s nominated bank.

The MT799 BLOCK FUND issued shall be valid for at least three hundred and sixty day (360) days. After first Transaction, subsequent MT799 BLOCK FUND shall be REVOLVING

AND expandable PER MONTH AND EACH MONETH for subsequent shipments in the month and revolving month-by-month for the duration of the Contract. A copy of the posted MT799 BLOCK FUND shall be transmitted by facsimile or scanned by email to the Seller for verification and documentation.

When the seller Failure or breach of the contract then the buyer's bank can be automatically cancelled MT799 block fund

This policy is confirmable with Buyer?s Bank for Investors Instrument Placement ( MT799) Fund Blocking from World Top 50 Bank which is to be implemented on the Verbiage of MT799 for Fund Blocking.

b. All documents drawn under and in compliance with the Terms of the REVOLVING MT799 BLOCK FUND shall be duly honored upon presentation at the issuing bank for payment.

The buyer confirms it and issue an MT799 BLOCK FUND. After issuance and confirmation of the swift copies of MT799 BLOCK FUND to the sellers bank, then the product will be registered, re-assigned, and Cargo will be officially programmed in buyer?s name. Seller nominates the vessel and forwards the Vessel particulars and gives to the Buyer: Ship Name, Call Letters, Captains Name and a Copy of the Aspatankvoy Charter Party with full set of loading documents, and shall appoint their local agent to coordinate the legal procedure. Then the seller directs the Captain of the vessel to issue NOR/ETA to the buyers port of discharge

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and at the same time issues ATB to enable buyers inspector to board vessel and inspect Q & Q agreed at discharge location. ON the final verification on the Q&Q, the buyer issues MT103.

c. The MT799 BLOCK FUND shall be in the form accepted by the Sellers bank and payment shall be made in accordance with the terms of this agreement upon presentation of the complete set of documents made in favor of the Seller , at the counter of Buyer bank, following delivery and receipt thereof after arrival and inspection of the cargoes at the designated port of discharge.

d. Full payment for the Cargo shall be made within three (3) banking days after the Cargo has been inspected and discharged into the Buyers receiving apparatus at the Discharge Port, and Quality and Quantity (FRESH SGS) have been confirmed as correct by the Independent Surveyor Company.

e. In the event payment due date falls on a Saturday or a banking-day holiday, then in such

event, payment shall be affected on the preceding banking day. If the payment due date falls on a Sunday or a Monday, which is a banking holiday, then the payment shall be effected on the next banking day.

f. Quantity and Quality, as assessed at the Discharge Port by the Independent Surveyor

Company, and price as determined pursuant to Clause 12 of this Agreement, shall be used to compute the Seller's invoice.

g. Buyer shall instruct its bank to advise Sellers bank by Swift or tested telex, quoting the date of the transfer, the amount, the invoice number and the clearing bank, if any. Such advise is to be sent in due time in order to enable Sellers bank to credit Seller with value on the due date.

NON- NEGOTIABLE NNPC DIRECT TERMINAL

LIFTING PROCEDURES

The procedure for this transaction is as indicated hereunder and shall be strictly followed.

CIF PROCEDURE WITH MT799 BLOCK FUND TO SELLER,S (USD$-10/NET:USD-$8)

1. Seller send official FCO to the buyer on seller's letter head included the product specifications.

2. Buyer sends ICPO with full bank details and full signatory details.

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CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

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3. Seller and Buyer sign SPA which include the Seller’s NNPC/JVC Proof Of Product (POP) from Bulk Equity Account with Share Allocation details (POP) confirmable at NNPC Crude Oil and

Marketing Department, Off-OPEC Division Data Base, NNPC/JVC Bonny, and deposit same with their respective Banks. (E-mail and Facsimile copies shall be accepted as originals). And seller issue to buyer the ATS and kind of document that from authorized by NNPC.

4. Upon confirmation of the Proof of Product (POP), Buyer’s bank SWIFT MT799 BLOCK FUND in strict accordance to the seller’s verbiage for the total value of the cargo into the nominated seller’s Bank Account.

5.

Upon receipt and confirmation of buyer's MT799 for this transaction, seller nominates vessel, Programs to reflect on Terminal Database, Reassigns Allocation in the name of buyer, the Provisional Lifting Right, in the buyer’s name, AUTHORITY TO SELL in seller’s name. The Lifting Right documentations shall consist of the following: The Quantity to be lifted, The Cargo Authority Number, Stem Number, Window Number, Name of nominated vessel, Laycan Window Time, IMO No. of nominated vessel.

7. Seller loads vessel, NNPC the Consignor the buyer as the Consignee, all the shipping documents will be in the buyer’s name and sends details of loaded vessel to buyer for confirmation.

SELLER GIVES BUYER A PIN WHICH BUYER WILL USE FOR CONFIRMATION THAT THE VESSEL IS LOADED IN HIS NAME.

8. Upon confirmation, seller issues both ETA, NOR and copies of CIF standard shipping documents, furnish both buyer and buyer’s bank with CPA & Q88 and the following documents in buyer’s name which includes:

a. Clean on board ocean Bill of Lading b. Certificate of Quality

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c. Certificate of Quantity

d. Certificate of Origin

e. Vessel Ullage Report

f. Receipt of Samples

g. Cargo Manifest

h. Authority to Sell (ATS)

i. Seller Commercial Invoice.

9. Upon arrival at buyer’s port of Discharge, seller’s vessel captain issues NOR to tender the vessel’s arrival and issues Marine ATB from his vessel domain via e-mail to the buyer.

10. Buyer’s appointed super cargo and inspectors board the vessel and conduct Quality and Quantity analysis test and the Result is tendered to both the buyer and seller. Upon positive Q & Q Result, the crude oil is discharged into the buyer’s tanks.

11. Payment is made within three banking days by MT103 directly to seller’s account by SWIFT for the total value of the crude oil and

agents nominated accounts as stipulated in the SPA per out-turn barrel upon presentation at the counter of buyer’s bank all the originals of the shipping documents in the buyer’s name and seller’s commercial invoice.

15. Warranties

The Seller warrants that with respect to the Commodity which is the subject matter of this Agreement, it has the clear and unqualified rights to sell or otherwise dispose of Commodity and that the Commodity shall be delivered clear of all liens and encumbrances.

16. Documents & Claims

a. Settlement and confirmation of adequacies for any shipment shall be made against presentation of the following discharge documents:

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1) A full set of 3/3 Clean Original \and made out or endorsed to the order of the Buyer showing the Shipment Number; the Serial Number; quantity in metric tons and US Barrels (60 degrees Fahrenheit) and marked \pre-paid,\If applicable: A certified copy of the original NNPC Bill of Lading.

2) Certificate of quality and quantity issued by the independent inspection company at the Loading port plus two (2) copies. If applicable: Certified copy of the Certificate of Quality issued by NNPC and Certified copy of the Certificate of Quantity issued by the Nigerian Ministry of Petroleum Resources.

3) Certificate of quality and quantity issued by the independent inspection company at the Discharge port two (2) copies.

4) Certificate of Origin issued by Chamber of Commerce of country of origin, NNPC or

custom's authorities. If applicable: Certificate of Authenticity issued by the Nigerian National Petroleum Corporation.

5) Export license (Customs Clearance Certificate)

6) Cargo manifest (issued by the loading port).

7) Cargo/Tanker Nomination Schedule, issued by Bonny Terminal and signed by Terminal Operator

8) Signed Commercial invoice setting forth terms of purchase such as grade, quantity & price

9) Copies of Platt's publication for the days used to determine the price of the product

10) Certificate of Insurance covering all risk at 110 % of the cargo value.

11) Master's receipt of documents

12) Captains Act confirming receipt of sealed control (Arbitration) samples

13) EDT Notice of Readiness evidencing the name of the vessels & name of discharge port.

14) Tanker Ullage Report & Tank Inspection Report

15) Any other documents pertaining or related to the current trip, duly signed by the authorized persons, and as required by the documentary letter of credit.

16) Seller issue the dip test authorization to buyer

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b. Letter of Indemnity:

1) If SELLER is not able to deliver to the BUYER or BUYERS bank in due time the full set of original bills of lading or other shipping documents with respect to each cargo, then SELLER will then provide BUYER with a hard-copy Letter of Indemnity with respect to temporarily missing shipping documents.

2) The wording of this Letter of Indemnity shall conform with the Standard forms

recommended by the International Group of P & I Clubs and shall cease to have effect upon presentation of the original Bills of Lading or other shipping documents.

3) In the event of unusual circumstances, which prevent the Seller from presenting to the Buyer the original bills of lading within a sixty (60) day period, the Seller agrees to provide the Buyer and the Buyer agrees to accept a second and subsequent letter of indemnity covering the cargo batch in question.

c. CLAIMS. Any claims that either Party may have against the other Party, other than demurrage claims, must be submitted to the other Party within a period of two (2) months from the date of the event giving rise to such claim, along with supporting documentation reasonably requested by the other Party. All claims, presented after the given date, will not be accepted and the claimant will have no right to apply for Arbitration.

1) The claims on demurrage should be submitted to the Seller within thirty (30) calendar days from the date of the Bill of Lading, otherwise the claim will be considered void and shall be rejected.

2) The demurrage shall be considered and paid within thirty (30) calendar days from the date of receipt from the Buyer of all documents, confirming the given claim. The Buyer must present for claims? consideration the following documents:

o o o o o

Statement of Facts Notice of Readiness

Two copies of the Bill of Lading

Act of passage through the quantity meter

And any other documents relevant to particular shipment signed by authorized persons.

3) All claims will be submitted in writing, include supporting documentation reasonably requested by the other Party, and both parties agree to acknowledge such claims by written acceptance thereof.

17. Taxes, Duties & Charges

a. All Taxes, Duties & Charges at Loading and Discharge Port shall be for the account of Seller. All such charges by the Buyers Discharge Port shall be for the account of Buyer.

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b. Buyer is the importer of record and shall comply with all applicable government regulations governing such importation, procure all necessary licenses and permissions, and shall pay or cause to be paid all duties, Imports and taxes for its Importation at the Sellers Loading Port.

18. Liability Exemption/Force Majeure

a. Neither Seller nor Buyer shall be responsible for any failure to fulfill their respective obligation under this Agreement, if fulfillment has been prevented or curtailed by any

circumstances whatsoever which are beyond the reasonable control of Seller or Buyer, as the case may be, including without prejudice to the generality of the foregoing:

1) Compliance with any order, demand or request of any government or of any

International nation, port, transportation, local or other authority, or agency or person purporting to be or to act for such authority or agency. 2) Any strike, lockout or labor dispute.

3) Adverse weather, perils of the sea or embargos.

4) Minor shipping delays due to vessel breakdowns, or other short-term problems, shall not cancel the obligations of this Agreement for either Buyer or Seller.

b. No reduction or suspension in the deliveries or receipt of the Product due to any of the reasons set forth above, shall extend the term of the Agreement or terminate said

Agreement. Provided that such event does not continue for more than 60 (sixty) days.

c. In case of circumstances of Force Majeure lasting more than sixty (60) days, the Buyer shall have the right to cancel the Agreement, partly or in total, without prejudice to any sums owing by either Party to the other for performance rendered hereunder... In such a case, neither of the Parties hereof shall have the right to any compensation for possible losses, from the other Party.

d. The Party seeking relief under (a) of this paragraph shall advise the other Party as soon as practicable of the circumstances causing the failure to fulfill its obligations, and shall thereafter provide such information as is available regarding the progress and cessation of those circumstances.

e. The certificate issued by the respective Chambers of Commerce in the country where Force Majeure arises shall be sufficient proof of such circumstances and their duration.

19. Liability and Penalty

After receiving a Letter of Credit from the Buyer, delay exceeding the validity of the Letter of Credit, shall be considered as a non- performance on the part of the Seller.

Except, as expressly provided in this Agreement, neither Seller nor Buyer shall be liable for any indirect or consequential losses which may be suffered or alleged to have been suffered by the other Party.

20. Assignment

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Buyer shall be entitled to assign its rights to an affiliate or joint venture partner. However, no assignment shall relieve the assigning Party of its obligations under this Agreement. Notice of any such assignment shall be promptly given by the Party effecting the assignment to the other Party to this Agreement. A formal written Notice of Acceptance of the Assignment shall contain the Assignee?s Company Name, Company Address, Legal Representative / Official with their telephone, email, and fax numbers.

21. Applicable Law and Arbitration.

a. This Contract shall be governed by and construed in accordance with English law. England shall be the place of Performance and Jurisdictions.

b. ARBITRATION... Any dispute arising out of or in connection with this Contract shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause.

1) All disputes arising in connection with the Agreement shall firstly be settled amicably. If the Parties should reach no agreement, then the case shall be brought for final settlement under the Rules of Conciliation and Arbitration of the International Chamber of Commerce in London, England by one or more arbitrators appointed in accordance with the said Rules.

2) In the event of Arbitration, each Party shall appoint one arbitrator, with a third appointed by an independent party. Nothing in the Agreement shall be construed to prevent any Court having jurisdiction from issuing injunctions, attachment orders or orders for other similar relief in aid of any arbitration commenced (or to be commenced) pursuant to this section.

3) Neither Party shall fail to comply in a timely way with the obligations of this part to be performed in pursuance to the Agreement although a dispute has arisen and proceeded to arbitration.

4) Findings as assessed by arbitration will be final and binding on both Parties without any possibility of recourse. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction hereof.

5) After the judgment has been rendered, this Agreement may be terminated and the prevailing Party shall be compensated for all costs and damages.

c. This Contract shall be subject to policies and regulations of the Federal Government of

Nigeria pertaining to the exportation of crude oil and compliance with OFF OPEC Directives. 22. General Provisions

a. This agreement contains the entire understanding between the parties with respect to the transactions contemplated hereby and can only be amended by a written agreement. Any prior agreement, written or verbal is deemed merged herein and shall be superseded by this agreement.

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b. The Parties having exerted and continue to exert their best effort to avoid any action, which might be in any manner detrimental to the interest of either Party in the negotiation, execution and performance of The Agreement.

c. The headings appearing in this Agreement are for convenience only.

d. In specific deals where the Parties allows the Buyers mandate and the Seller to deal directly with one another, all Parties shall be informed of the development of the transactions by

receiving copies of all of the correspondence made between the Buyer's mandate and the Seller.

e. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this Contract. As applicable, this agreement shall incorporate U.S. Public Law 106-229, ??Electronic Signatures in Global and National Commerce Act?? or such other applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001) and the ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). EDT documents shall be subject to European Community Directive No. 95/46/EEC, as applicable. Either Party may request hard copy of any document that has been previously transmitted by electronic means provided however, that any such request shall in no manner delay the parties from performing their respective obligations and duties under EDT instruments.

23. Notices

Unless otherwise agreed to in writing, any notices, statements, requests or other

communications to be given to either Party pursuant to this Agreement shall be sufficiently made if sent by post (by airmail if airmail is possible) postage paid, or by telegraph, telex, facsimiles transmission or other means of data transmission, to the address of the Party specified for this purpose in the Agreement.

24. Amendments and Waivers

a. This Agreement shall not be amended or modified or any provision thereof waived, except in writing and accepted by both parties.

b. Any provision of this Agreement, which is declared unlawful or unenforceable by a Court of competent jurisdiction, shall not affect any other provision herein.

26. Legal Addresses of the Parties Reference Schedule 1.

27. Insurance

Seller shall procure a policy with a reputable Marine Insurance Institute to cover One Hundred and Ten percent (110%) of the value of the Cargo. The insurance policy shall cover all risks of loss or damages to said Cargo, including war, hijacking, explosion and other similar

circumstances, from the time the Cargo has passed the ship's manifold flanges at the Loading

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Port until discharge at Buyers Discharge Port. A copy of the specific insurance document relevant to the specific delivery is to be forwarded to the BUYER before loading commences.

28. Non-Circumvention Non-Disclosure Confidentially Agreement: SEE ANNEX E.

29. Remuneration to Intermediaries

Pursuant to the fee payment agreement(s), ANNEX “F” Buyer shall be solely responsible for remuneration due each or any agent(s) and intermediaries for any commissions, fees, or

compensation to be paid as part of this transaction. Such fees, compensation, or remuneration shall be paid at the time monies are paid by Buyer to Seller in settlement of invoice.

30. Conclusions Declaration and Signature

This Agreement may be executed in multiple counterparts. Facsimile (EDT) copies of the signed Agreement are hereby accepted as originals, and shall be deemed to be valid, effective and enforceable.

The Parties shall execute and distribute the original signed copies among themselves promptly following exchange of EDT Agreement. This agreement consists of 43 pages, including eight (8) annexes. (A-H).

This Agreement shall inure to and obligate the undersigned parties and their partners, associates, employers, employees, affiliates, subsidiaries, parent companies, any nominees, representatives, successors, clients and assigns, hereinafter referred to as the Parties, jointly severally, mutually and reciprocally for the terms and conditions expressly stated and agreed to herein.

Each of the parties to this agreement confirms that it has full legal authority to execute this agreement and that each party is bound by terms and conditions as set forth herein, either as individual, corporate entity or on behalf of a corporate entity.

Each party to the other warrants, under penalty of perjury that the representations made in this Contract is true and accurate to the best of his knowledge and belief. Each party acknowledges that he makes, executes, and delivers this Contract as his free act and deed.

This Agreement Shall Remain In Effect For Any And All Rolls And Extensions Either As This Contract And /Or Deriving From This Contract For A Period Up To 60 Months. This contract must be signed in counterpart and will be lawful and fully effective even though signatures may not be placed at the same time and same location. The Parties hereto have subscribed their signatures and in doing so have understood, agreed and accepted the terms and conditions as herein. They hereby affix their signatures below on each page on the space provided with the respective date, as shown on this contract.

IN WITNESS WHEREOF, the Parties acknowledge that they have understood all of the terms and conditions of this Agreement, and hereby agree to honor and to be bound by all clauses with the privileges, rights and immunities herein provided, making this Agreement effective on and as of the Effective Date upon signing by all Parties.

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CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

We, NNPC/MOBIL, SPDC, AGIP JOINT VENTURE OPERATORS Represented By AIJIA HONG KONG TECHNOLOGY CO. LTD. Bonny Terminal, Rivers State, Nigeria hereby with full corporate responsibility and with the power vested in its Officer, accept, confirm and agree to abide by this Contract.

Signed by:

For and on behalf of Seller: Name: ENGR. CHRIS FRANKLIN

Designation: SENIOR TERMINAL SUPERVISOR

Address: Bonny Terminal Office Complex, Bonny R/State. Date: 27th April , 2015

We, TONGDOW GROUP (BUYER) hereby with full corporate responsibility and with the power vested in its Officer, accept, confirm and agree to abide by this Contract.

Signed by:

For and on behalf of Buyer: TONGDOW GROUP Name: MRS. OU YANG Designation: CEO Address:

Date: 04th MAY , 2015

ANNEX A

DELIVERY SCHEDULE

PROPOSED LIFTING SCHEDULE

This lifting Schedule is to become an integral part of this Contract. The Parties may sign the Contract and establish a loading schedule as an integral part of this Contract by mutual written agreement when programming is completed. With regard to the loading schedule, the nominated of appropriate vessel(s), parties have agreed to comply with the following procedures:

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1. Seller will notify the Buyer by e-mail of the approximate arrival date of the vessel for up to two million barrels for discharge.

2. Without prior notification, Seller may substitute any vessel by another one which is similar in all material aspects to the vessel so replaced and such vessel being deemed accepted by the Buyer if within 24 hours is not contradicted.

3. Subject to receipt of Buyers banking instrument in accordance with the present Contract, commencing in (to be agreed upon between Buyer and Seller) 2015 thereafter Seller hereby guarantees the delivery schedule of cargoes of 1 lot of 2,000,000 million barrels shipments per month, set forth below: MONTH MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NEVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL

ANNEX B

SELLERS WORK STRAIGHTLY WITH HER BANK ISSUED AND ACCEPTED BANK VERBIAGE AS ATTACHED BELOW FOR BUYER’S BANK REVIEW AND ACCEPTANCE. ANY INSTRUMENT ISSUED BY BUYER WITHOUT FOLLOWING SELLER’S BANK

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YEAR 2015 2015 2015 2015 2015 2015 2015 2015 2016 2016 2016 2016 QUANTITY 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS 4MBBLS PORT OF LOADING Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal Bonny Ocean Terminal PORT OF DESTINATION HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port HUANGDAO Port Page: 23

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VERBIAGE WILL BE REJECTED.

SWIFT: MT-799 PROOF OF FUNDS AND BANK GUARANTEES PAYMENT -------------------------------------------------------------------------------------------- SWIFT OUTPUT :MT799 TRANSMISSION DATE :

TRANSACTION CODE :XXX/XXX/XXXXXX MESSAGE INPUT REFERENCE : NETWORK DELIVERY STATUS : PRIORITY DELIVERY :

***52A SENDER BANK NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT NUMBER : ACCOUNT NAME : BANK OFFICER : TELEPHONE NUMBER : FAX NUMBER :

***54A MT RECEIVING BANK BANK NAME : BRANCH NAME : BANK ADDRESS : BANK OFFICER :

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DATED 27Th APRIL, 2015

TELEPHONE NUMBER :+ FAX NUMBER :+ ACCOUNT NUMBER : SWIFT CODE : IBAN :

ACCOUNT NAME :

__________________________________________________________________

WE, (bank name, branch, banks address, city, country), ONBEHALF OF OUR CLIENT, ACCOUNT HOLDER XXXXXXXXXXXXXX, HOLDING XXXXXX PASSPORT NUMBER XXXXX,DO HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE IRREVOCABLY HOLD FOROUR CLIENT, IN ACCOUNT NUMBER XXXXXXXXX, CASH FUNDS VALUED AT USD200,000,000.00$ (USD 200,000,000.00$).

WE CONFIRM WITH FULL BANK RESPONSIBILITY THAT THESE FUNDS ARE HEREBY BLOCKED AND RESERVED, FOR THE EXCLUSIVE FULL USE AND BENEFIT OF YOUR CLIENT, MR. XXXXXXXXXXXXX, HOLDING PASSPORT NUMBER XXXXX, XXXXX, ACCOUNT NUMBERXXXXXXXXXXXXXX, AS PER THE TERMS AND CONDITIONS OF CONTRACT REFERENCE NUMBER:XXXXXXXXXXXXXXX, AND THAT THESE FUNDS SHALL REMAIN VALID FUR A PERIOD OF 60(+90+90+90+90) DAYS, FROM THE DATE OF ISSUANCE OF THIS INSTRUMENT, AND ARE NOT PERMITTED TO BE WITHDRAWN, OR TRANSFERRED BY OUR CLIENT DURING THE PERIOD OF VALIDITY OF THIS INSTRUMENT.

WE CONFIRM THAT THESE FUNDS ARE GOOD, CLEAN,CLEAR, FREE OF ANY LIENS OR ENCUMBRANCES, AND THE RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED THAT THESE FUNDS WERE LEGALLY OBTAINED FROM NON-CRIMINAL BUSINESS ACTIVITIES, FREELY AVAILABLE FOR PAYMENT,

THIS FULLY PERFORMED ,IRREVOCABLE CAN BE RECYCLED ，FOR THE PURCHASE OF Nigerian Bonny Light crude oil, the number was 4,000,000 barrels per month.CONTRACT:

XXXXXXXX,We further guarantee that we will settle the payment by MT103/23 in accordance with the terms of the contract.

THIS INSTRUMENT FOLLOWS THE PATRIOT ACT. THIS BANK INSTRUMENT IS SUBJECT TO THE UNIFORM CUSTOM AND PRACTICE UNDER INTERNATIONAL CHAMBER OF

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CONTRACT: NNPC/MOBIL/SPDC/AGIP JOINT VENTURE OPERATORS NO: 001/BLCO/CIF-

DATED 27Th APRIL, 2015

COMMERCE PUBLICATION NUMBER 500/600, LATEST REVISION, AS IT RELATES TO BANK CREDIT INSTRUMENTS. FOR AND ON BEHALF OF

_________________________________ _________________________________ AUTHORISED BANK OFFICER AUTHORISED BANK OFFICER

TITLE, PIN CODE TITLE, PIN CODE

The Parties to the contract enter into this cycle and shall proceed with the execution of mutually

agreed schedule to its full implementation.

NON-CIRCUMVENTION, NON-DISCLOSURE AND CONFIDENTIALITY AGREEMENT

This NON-CIRCUMVENTION, NON-DISCLOSURE and CONFIDENTIALITY AGREEMENT (hereinafter the “Agreement\made and effective as of the date last executed below (the “Effective Date”) by and between The Buyer and The Seller: affiliates and representatives, where applicable, executing this Agreement below, provided such date is not more than ten (10) calendar days later than the earliest signature below. Collectively, the parties hereto may be referred to hereinafter as the

“Parties” or “Party”, as the case may be.

WHEREAS, the Parties wish to associate themselves for the purpose of working together for their common benefit in participating in certain transactions; and,

WHEREAS, it is understood that each party has developed specific business relationships to provide access to buyers and seller for commodities trading and/or assistance with other

business ventures for entities in need of such investments, merger or other assistance. Further, whereas each party has developed such business relationships at considerable expense and personal effort and time, and would not present nor expose its sources without the express

covenant, warranty and guarantee of each Party hereto to protect and not circumvent each other or divulge the confidentiality of the same; such covenant, warranty and guarantee being given by the Parties? execution hereof; and,

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WHEREAS, the Parties have indicated that they desire to exchange and review certain

information and disclosures to each other, and to third parties, to determine whether they can formulate a possible transaction relating to commodities trading (collectively, these instruments are referred to herein as the “Projects”) and,

WHEREAS, the parties wish to enter into a relationship for the purpose of the parties using their best efforts in obtaining certain rights, concessions, and/or other benefits relating to

effecting a transaction between the suppliers and purchasers (collectively, the “Transactions” or “Transaction”) utilizing their resources, knowledge and skills and the business relationships established by them.

Further, that each Party expects to receive as compensation for their efforts under this

Agreement, certain fees or equity interests, wherever applicable, which shall be negotiated and set forth in a separate agreement based upon the ultimate terms and conditions of each prospective Transaction.

WHEREAS, the parties agree to abide by the terms, conditions and covenants set forth herein and are prepared to make the information related to the said Projects and possible sources of supplies and purchasers available to each other, and,

NOW, THEREFORE, in consideration of the representations, agreements, promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency is hereby acknowledged, the Parties agree as follows:

1. The Parties agree to abide by the following terms of the Agreement and rules of non-circumvention and non-disclosure for a period of five (5) years from the effective date

hereof. These covenants and agreements shall survive termination of this Agreement for any reason whatsoever.

A. Each Party, for itself and its Affiliates (as defined below) represents and warrants that it shall not solicit or accept financial remuneration from or submit the Transactions to any Affiliates or said Associates (as defined below), at any time or in any manner, without the express written consent and acknowledgment of the parties hereof as to the Transactions.

B. For purposes of this Agreement, the terms “Affiliate” shall be defined as, in the case of an individual, his relatives, agents, representatives, partners, joint ventures, business associates, employees, independent contractors and/or any business entity to whom the parties hereof

directly or indirectly, transmit the Information, and “Associate” shall be defined as any business entity in which an Affiliate is an officer, director, agent, consultant, employee, representative, joint venture, affiliate, subsidiary associated entity, representative agent, and any other business entity which derives any economic benefit, whether directly or indirectly, from a Transaction resulting from the disclosures made by the parties hereof.

C. The Parties will maintain complete confidentiality regarding this Agreement and all

transactions occurring hereunder each other's business, business sources and affiliates, and each

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other's proprietary knowledge and know how, and will disclose such information only pursuant to the express written permission of the Party who made such information available.

D. This Agreement, and each additional agreement concluded or written or verbal disclosure made between the Parties shall be kept confidential and is not to be reproduced, communicated or distributed in any manner whatsoever except on a \involved with the closing of any transaction contemplated between the Parties, or the legal counsel of a Party.

E. If a Party is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil or criminal investigative demand or other process) to disclose any Confidential Information protected under this Agreement, that Party shall promptly notify all other Parties hereto of such request or requirement so that any Party hereto may seek an

appropriate protective order. If in the absence of a protective order, or the receipt of a waiver hereunder, a Party receives a written opinion from their legal counsel (a copy of which must, be furnished to all other Parties) that they are compelled to disclose Confidential Information, then only such Confidential Information that is required by law shall be disclosed. Such disclosure by one Party will not subject the other Party to liability unless the disclosure was caused by it and not otherwise permitted under this Agreement. All Parties shall exercise all reasonable efforts to assist the other Parties in their obtaining a protective order or other reliable assurance that confidential treatment will be accorded the Confidential Information under this Agreement.

2. The Parties understand and agree, by their execution hereof, that this Agreement is valid and effective for all purposes, business, communications, negotiations and disclosures related to the proposed Transactions for a period of five (5) years from the Effective Date hereof.

3. Each Party represents, warrants and covenants that all information furnished by said

Party to any other Party or Parties hereto is, or will be, true, complete correct and accurate to the best of said disclosing Party's knowledge ability and belief.

4. Each Party agrees that he is not an agent, representative, and/or employee of any other Party except as disclosed herein; and any Party who may be accused of any misrepresentation or illegality during the effective period of this Agreement hereby agrees to defend, and hold harmless the other Party(ies) hereto from such accusation.

5. The Parties agree that, as liquidated damages, the violation of this Agreement by any Party or Parties hereto, or by any Affiliate or Associate, shall entitle the remaining Party or Parties hereto the actual damages due, plus legal cost incurred.

6. This Agreement contains the entire and complete understanding existing between the Parties as of the date of its execution regarding the subject matters contained herein, and all former representations, promises; or covenants whether written or verbal, are null and void.

7. This Agreement may be modified only by written agreement duly executed by all Parties hereto.

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8. This Agreement shall be binding upon, and inure to the benefit of, the heirs legal representatives, successors, and/or assigns of the Parties. The executor, administrator, or personal representative of a deceased Party shall execute and deliver any documents or legal instrument(s) necessary or desirable to carry out the provisions hereof.

9. Any written notice required or allowed to be given hereunder shall be deemed to have been duly and properly given and delivered (a) as of the date actually hand delivered to the Party to be charged with receipt; or (b) five (5) calendar days after such notice has been mailed to the Party to be charged by prepaid Certified Mail, Return Receipt Requested and addressed to either (1) the address shown below the respective signature herein of the Party to be charged with delivery or (2) such other address, notice of which has been duly received by the sending Party as provided herein.

10. A copy of this Agreement, or any other documents executed and/or signed by any of the Parties hereto and sent to another Party hereto by facsimile transmission carries the full force and effect as if it were the hand delivered original, provided that the facsimile copy bears the sending Party?s transmitting terminal identifier (TTI) and the date and time which was placed thereon electronically by the transmitter.

11. This Agreement was negotiated and prepared jointly by all of the Parties hereto, and each Party acknowledges that they have had ample opportunity to consult legal, financial, and other counsel concerning all aspects, terms and conditions of this Agreement. This Agreement may be executed in multiple counterpart copies and delivered via facsimile, each which shall be deemed, a duplicate original.

12. No Party shall be considered or adjudged to be in violation of this Agreement, when the violation is due to situations beyond said Party's control, such as acts of God, civil disturbances theft, or said Party's connections having prior knowledge disclosure, intervention or assistance of said Party or said Parties? Affiliates or Associates (as defined herein). Essentially, the spirit behind this Agreement is one of mutual trust, confidence and reliance upon each Party to do what is fair and equitable and to not circumvent, “go around” or otherwise take away a Parties? potential earnings or value as a result of their effort and expense to effect a Transaction as contemplated herein.

13. This Agreement is a full recourse agreement concluded under substantive U.K. law, and the Rules of the International Chamber of Commerce shall be the applicable forum in the U.K. The Parties agree that any disagreement or dispute that cannot be resolved between them is tried in a court of competent jurisdiction in the UK and judgment upon the award may be entered, and enforced in any court of competent jurisdiction in the U.K.

14. In the event that any Party should violate the terms of this Agreement, then in that event, the violating Party agrees to pay all costs, expenses, court costs, and actual Attorneys? fees to the non-violating non-defaulting Party in enforcing the terms of this Agreement.

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IN WITNESS WHEREOF,

Signed by: SENIOR TERMINAL SUPERVISOR

For and on behalf of Seller: NNPC/MOBIL, SPDC, AGIP JOINT VENTURE OPERATORS

Represented By: AIJIA HONG KONG TECHNOLOGY CO,.LTD. Bonny Terminal, Rivers State, Nigeria

Name: ENGR CHRIS FRANKLIN Designation: STS

Address: Bonny Terminal Office Complex, Bonny R/State. Date: 27TH APRIL, 2015

SELLER:

Person in Charge:

Position: SENIOR TERMINAL SUPERVISOR

Signature:

THE BUYER:

We, …TONGDOW GROUP (BUYER) hereby with full corporate responsibility and with the power vested in its Officer, accept, confirm and agree to abide by this Contract. Signed by:

For and on behalf of Buyer: TONGDOW GROUP Name: MRS. OUYANG Designation: CEO Address:

Date: 04th MAY, 2015

ANNEX D

FEE PROTECTION AGREEMENT

This agreement is valid only upon the successful completion of the Coded Transactions referenced above; otherwise it is null and void. This Instrument Serves As A Fee Protection Agreement, With Respect To The Purchase Of 2 Million Barrels x 12 months Nigerian Bonny Light CIF As Specified In This Agreement And Is Hereby Issued And Agreed By All Parties And Intermediaries, Signing Under And With Full Corporate Responsibility And Legal

Authority As The Buyer, Agree To The Gross Discount Amount Of USD $10.00 Per Barrel and net Discount of USD $8.00 to the buyer, and USD$2.00 commission and shared among the Following parties as listed below:

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This Agreement Shall Remain In Effect For Any And All Rolls And Extensions Either As This Contract And /Or Deriving From This Contract For A Period Up To 60 Months.

SELLER FOR ISSUING OF MT799 BLOCK FUND AND FINAL PAYMENT VIA MT103

BANK NAME., HSBC HONG KONG BANK ADDRESS: 1 QUEEN`S ROAD CENTRAL, HONG KONG. BANK SWIFT-CODE; HSBCHKHHHKH ACCOUNT NUMBER: 819465634838

ACCOUNT NAME; AIJIA HONG KONG TECHNOLOGY CO.LTD ACCOUNT OFFICER: KAREN ZHOU EMAIL ADD; e-karenzh@hsbc.com.hk BANK TELEPHONE: +852-2822-1111 BANK TELEFAX: +852-2810-1112

BUYER BANKING COORDINATES

THE NAME OF BANK: HSBC HONGKONG ADDRESS OF BANK :

BANK OFFICER’S NAME :

BANK OFFICER’S TELEPHONE & EXT : ACCOUNT NUMBER :

ACCOUNT NAME : TONGDOW GROUP SWIFT NUMBER :

NOTE: The Seller/Buyer has the right to change the Fiduciary account/banking information but with due

notification to the other party in the course of

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This transaction

BONNY TERMINAL DATA BASE

PORT OF LOADING: BONNY TERMINAL BONNY

SUPPLIERS: NNPC/MOBIL, SPDC, AGIP JOINT VENTURE OPERATORS, BONNY TERMINAL

CONSIGNEE: TO BE ADVICED (TBA) VESSEL: TO BE NOMINATED (TBN)

PAYMENT OF PRODUCT: SHALL BE BY CONFIRMED (MT799 BLOCK FUND)

INSPECTORS: S.G.S OR C.I.Q

BANK CONTACTS AND CHANGE OF BANKING CONTACT: Prior written authorization and confirmation of approval is required for ANY contact with Buyers or Seller?s Bank branches; there are no exceptions. The Buyer and Seller reserve the right to change their Banking Institution. Said change shall not interfere, disrupt or delay the time table as set within this contract. Said change information shall be forwarded to the other party within twenty-four hours of the change via email, fax or other written documentation. Grammatical mistakes, typing errors, if any, shall not be regarded as contradictions.

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