Recipient: Buyers/Buyer’s Mandate, Validity: APRIL-JULY, 2024.

SOFT CORPORATE OFFER

We, JSC “NC” KazMunayGas, as Seller with full corporate and legal responsibility make this offer
indicating our willingness, readiness and ability to supply the below listed products, SPOT/LONG
CONTRACT monthly basis for 12 calendar months. For first time buyers, the supply shall start with a
trial shipment and followed by the monthly supplies for one year plus extension & rollover. The supply
shall be from our export bulk allocation permit License, on equity/concession per the terms and condition
as hereunder set forth.

TERMS AND CONDITION

Delivery: CIF/TTO
Origin: Kazakhstan
Inspection: Quality and Quantity inspection will Be Conducted at the Loading Port by SGS or equivalent
Payment Method: DLC MT 700/TT, MT103
Port: Any Safe Port World Port.
Shipment Method: Via Pipeline, Tanker Vessel, Bulk, Truck, and Rail Way.
Delivery Port: Any Safe World Port of Buyer Choice.

AVAILABLE PRODUCTS

EN590, 10 PPM LIGHT CYCLE OIL (LCO)

QUANTITY: 50,000MT and above QUANTITY: 50,000MT and above
PRICE: USD $420 Gross / $410 Net PRICE: USD $320 Gross / $310 Net
COMMISSION: USD $10.00 Per Metric Ton COMMISSION: USD $10.00 Per Metric Ton
GREEN PETCOKE ESPO CRUDE OIL
QUANTITY: 50,000MT and above QUANTITY: 1,000,000BBL and above
PRICE: USD $186 Gross / $182 Net PRICE: USD $50 Gross / $44 Net
COMMISSION: USD $4.00 Per Metric Ton COMMISSION: USD $6.00 Per Barrels (BBLs)
AVIATION FUEL JET A1 LIQUIDIFIED NATURAL GAS [LNG]
QUANTITY: 1,000,000BBL and above QUANTITY: 50,000MT and above
PRICE: USD $86 Gross / $82 Net PRICE: USD $260 Gross / $250 Net
COMMISSION: USD $4.00 Per Barrels (BBLs) COMMISSION: USD $10.00 Per Metric Ton
AUTOMOTIVE GAS OIL (AGO) LIQUEFIED PETROLEUM GAS (LPG)
QUANTITY: 50,000MT and above QUANTITY: 50,000MT and above
PRICE: USD $560 Gross / $550 Net PRICE: USD $360 Gross / $350 Net
COMMISSION: USD $10.00 Per Metric Ton COMMISSION: USD $10.00 Per Metric Ton
NON-NEGOTIABLE COST, INSURANCE, FREIGHT (CIF) PROCEDURES:

1. Buyer issues Purchase Order upon receipt and acceptance of seller's Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract with Commercial Invoice for buyer's
review and signing.
3. Buyer sign the Sales and Purchase Agreement Contract with the Commercial Invoice back to the seller.
4. Seller registers and legalizes the signed Sales and Purchase Agreement Contract.
5. Seller send the Partial POP Documents to the buyer/mandate as listed below:

• Certificate of Origin,
• Commitment to Supply,
• Product quality passport (Analysis test Report),
• Statement of Availability of the product,
• Authority To Sell and Collect (ATSC),

6. Upon receipt and verification of the seller’s partial POP, within Seven (7) banking days, Buyer's bank
issues Documentary Letter of Credit (DLC MT 700) to seller bank account for first month shipment. In
case of buyer's bank inability to issue the letter of credit, the buyer is liable to make cash deposit of
$300,000 by TT wire transfer for security guarantee deposit for the first shipment.

7. Upon confirmation of buyer’s Letter of Credit or Cash Guarantee Deposit payment at seller’s bank,
seller transfer title holder of the cargo to buyer, issue the 2% PB and commence loading of the cargo into
the vessel tanker. Upon completion of loading the cargo, seller will issue the full POP and shipping
documents to buyer as shown below:

• Allocation Title Ownership Certificate,

• Trans-Neft Contract to transport the product to the loading port,
• Port storage agreement,
• Charter party Agreement to transport the product to the discharge port,
• Tank Storage Receipt,
• SGS Quality and Quantity Certificate,
• Bill of Landing,
• Vessel Questionnaire (Q88).

8. NCNDA /IMFPA shall be issued for all Buyer/Seller Intermediaries to complete for further processing
by the Seller.
9. Shipment shall commence and upon arrival of the vessel tanker at the final discharge port, the buyer
shall conduct the SGS/CIQ Inspection and make the balance payment for the full shipment via TT Wire
or MT103 TT (Wire Transfer).
10. The seller pays all buyer and seller intermediaries the full commission amount as stated in the
NCNDA/IMFPA agreement.
NON- NEGOTIABLE TANKER TAKE OVER (TTO) TRANSACTION PROCEDURES:

1. Buyer issues Purchase Order upon receipt and acceptance of seller's Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract with Commercial Invoice for buyer's
review and signing.
3. Seller issues the Proof of Product documents in buyer company's name as listed below;

• Certificate of Origin.
• Product quality passport (Analysis test Report).
• Commitment to Supply.
• Bill of Lading.
• Cargo Manifest.
• Vessel Q88.

4. Upon receipt of the POP documents, the buyer provides their shipping agent contact information for the
ship owner to open communication, issue a Notice of Readiness (NOR) and Power of Attorney to buyer’s
shipping agent entrusting them to perform all needed shipping agency and freight forwarding services in
the discharge port.

5. Buyer makes a guarantee deposit of $300,000USD of the total product value via MT103, and upon
receipt of buyer’s payment, the seller will instruct the vessel master to re-route the vessel tanker final
destination to the buyer’s discharge port.

6. Seller and Buyer signs the title transfer affidavit and the title ownership certificate is issued in the
buyer’s company name.

7. Seller instruct vessel master to countersign the shipping agent Power of Attorney and proceed to send
the complete set of maritime and shipping documents to enable the buyer shipping agent file for maritime
report and make all preparation to receive the vessel tanker at the destination port terminal.

7. Upon arrival of the vessel tanker at the destination port and completion of CIQ Inspection, buyer pays
for full cargo value via MT103/TT Wire within 48Hours

9.Seller pays the intermediaries involved within 72 hours after receipt of payment of the product from the
buyer.
NON-NEGOTIABLE FREE ON BOARD (F.O.B.) PROCEDURES:

1. Seller issues Soft Corporate Offer.

2. The buyer issues an ICPO or LOI.
3. Seller issues Draft contract and commercial invoice for the buyer’s review.
4. Both parties sign the contract and commercial invoice.
5. The seller issues the POP documents as listed below:

A. Certificate of Origin
B. Commitment to Supply
C. Tank Injection Report
D. Quality and Quantity Inspection Report
E. Bill of Lading of the Cargo Delivery.

6. The buyer contacts the seller's tank operator and extends the leased tank for a minimum of 4 days,
which covers the duration of the buyer's SGS inspection and reporting.

7. The seller issues the dip test authorization to the buyer.

8. Upon a successful dip test in the seller's tank, the buyer makes full payment for the product based on
the commercial invoice.

9. The seller transfers the product right to the buyer, and the buyer either takes over the seller's tank lease
or starts lifting the product from the seller's tank.

ULTRA LOW SULPHUR DIESEL SPECIFICATIONS

No. Component Unit Limits Method

1 Density at 20℃ Kg/l Min0.84-Max0.86 ASTMD4052
2 Ash content Wt.% Max0.01 ASTMD482
3 Chroma(white) ASTM Color L1.0 ASTMD1500
4 Temperature of the flash ℃ Min65℃ ASTMD93
5 Sulphur Wt.%(Mass fraction) ≦0.01(≦10ppm) ASTMD4294

6 Total Aromatics Wt.%(Mass fraction) Min51-Max56 IP391

7 CFPP ℃ Report ASTMD6371

8 Pouring point ℃ Min-12℃ ASTMD97
9 Kinematics viscosity 50℃ Cst 2.5 - 4.5 ASTMD445
10 Distillation
 Initial Boiling Point ℃ Max 180 ASTMD86
50％recovered ℃ Max 280 ASTMD86
90％recovered ℃ Max 360 ASTMD86
Final Boiling Point ℃ Report ASTMD86
11 Cetane number Min41 - Max44 ASTMD4737
12 Water Content % 0.0% ASTMD95
13 Carbon Residue %(Mass fraction) <0.0% ASTMD4530
14 Benzene %(Volum <0.1 ASTMD5580
efraction)
15 Toluene %(Volume <1.0 ASTMD5580
fraction)
16 Xylene %(Volume <1.0 ASTMD5580
fraction)
17 Naphthalene %(Mass fraction) 1.3±0.1 ASTMD2425
18 Aromatic content %(Volume 51±1 ASTMD1319
fraction)
19 Olefin content %(Volume 29 ASTMD1319
fraction)
20 Saturated hydrocarbon %(Volume 41 ASTMD1319
Content fraction)

LIGHT CYCLE OIL (LCO) SPECIFICATIONS

COMPONENT UNIT METHOD MAX

Density 15℃ Kg/L ASTM D4052 0.86-0.88
Color ASTM D1500 <1.5
Flash point, PMCC Deg C (℃) ASTM D93 60-70
Kinematic viscosity Mm/s ASTM D445 <3.0
40℃
Pour point Deg C (℃) ASTM D97 -20.0
CFPP Deg C (℃) ASTM D6371 <5.0
Ash Mass% ASTM D482 <0.01
Sulphur Mass% ASTM D4294 <0.15
Carbon MCRT % wt ASTM D4530 <0.2
Cetane index ASTM D4737 39-43
Moisture content Wt ppm ASTM D6304 <0.02
Distillation range ASTM D86
IBP Deg C (℃) ASTM D86 175-190
Distillation 50% Deg C (℃) ASTM D86 <280
Distillation 90% Deg C (℃) ASTM D86 <350
Distillation 93% Deg C (℃) ASTM D86 <360
Distillation EP Deg C (℃) ASTM D86 <370
Aromatics % wt IP391/HS-T50 51-55
Gross heat value ASTM D240 >105 00
 GREEN PET COKE SPECIFICATIONS

Element Typical
Sulphur (%) 0.56
Ash (%) at 1300 deg C 0.31
Moisture (%) 6.40
Real Density (g/cm3) 2.10
Oil Content (%) 7.20
Volatile Matter at 850 deg C 9.40.
Iron, Fe (ppm) 220
Silicon, Si (ppm) 245
Vanadium, V (ppm) 84
Calcium, Ca (ppm) 120
Sodium, Na (ppm) 96
Nickel, Ni (ppm) 42
Particle Size> 8 mm 45.60

EASTERN SIBERIA-PACIFIC OCEAN OIL (ESPO) SPECIFICATIONS

TEST UNITS METHOD RESULT

Density at 15o C kg/L ASTM D 5002 0.8508
Specific Gravity at kg/L ASTM D 5002 0.8512
60/60°F
API gravity ASTM D 1250 34
Kinematic viscosity at CST ASTM D 445 6.949
20°C
Total acid Number mg KOH/g ASTM D 664 <0.050
Pour Point °C ASTM D 5853 <=-36
Water by distillation mass% ASTM D 4006 0.35
Sediment by extraction mass % ASTM D 473 0.01
Chloride salt content mg/dm3 GOST 21534- 17
75(A)
Organic chlorine content mg/kg ASTM D 4929(B) *1
Sulphur content mass% ASTM D 4294 0.535
Hydrogen Sulphide Ppm UOP 163 less 1
Mercaptan Sulphur Ppm UOP 163 111
Ash content mass % ASTM D 482 0.011
Nickel Ppm IP 470 4
Sodium Ppm IP 470 1
Iron Ppm IP 470 19
 AVIATION FUEL JET A, JET A-1 SPECIFICATIONS

Jet A Jet A-1

0.10 Max. (0.015 Max for Def.

Acidity, mg KOH/g 0.10 Max. Stan 91-091)

Aromatics, Vol. % 25 Max. 25.0 Max.

Sulphur, mercaptan, Wt. % 0.003 Max. 0.0030 Max.

Sulphur, total, Wt. % 0.30 Max. 0.30 Max.

10% Distillation, ºC 205 Max. 205.0 Max.

Final Boiling Point, ºC 300 Max. 300.0 Max.

Distillation Residue, % 1.5 Max. 1.5 Max.

Distillation Loss, % 1.5 Max. 1.5 Max.

Flash Point, ºC 38 Min. 38.0 Min.

Density @ 15ºC, kg/m3 775 to 840 775.0 to 840.0

Freeze Point, ºC -40 Max -47.0 Max

Viscosity @ -20ºC, mm/s 8.0 Max. 8.000 Max.

Net Heat of Combustion, MJ/kg 42.8 Min. 42.80 Min.

One of the following shall be met:

1) Smoke Point, mm, or 25.0 Min. 25.0 Min.

2) Smoke Point, mm, and 18.0 Min. 18.0 Min.

Naphthalenes, Vol. % 3.0 Max 3.0 Max

Copper Strip Corrosion, 2 h % 100ºC No. 1 Max. No. 1 Max.

Thermal Stability @ 260ºC:

-Filter pressure drop, mm Hg 25 Max.

-Tube Deposits < 3 Max. Peaco < 3 Max. No Peaco

Existent Gum, mg/100 mL. 7 Max. 7 Max.

MSEP Rating

-Without electrical conductivity additive 85 85

-With electrical conductivity additive 70 70

50 Min. 600 Max.* 50 Min. 600 Max.*

Electrical conductivity, pS/m
*Use of conductivity improver additive and resulting limits
are optional in ASTM D1655

LIQUIFIED NATURAL GAS (LNG) SPECIFICATIONS

Components/ substance UNIT MI MAX

N
ETHANE % 9.2 Mol
METHANE % 85.0 Mol 9.6 Mol
PROPANE % 3.00 Mol
BUTANES % 2.00 Mol
PUTANES % 0.25 Mol
NITROGEN % 1.0 Molecular
TOTAL SULPHUR 10PPM (W)
Max variation in Wobble index (WI) +/- 5.0 %
{WI=LHV (Volumetric Basis / (specific Gravity w.r.tAir)0.5}

SULPHUR IN HYDROGEN 10PPM(W)

SULPHIDE
CONTAMINANTS
(a) Trace Metals
i. pb +Zn 0.50 Ppm (W)
ii. Vanadium 0.50 Ppm (W)
iii. calcium 2.0 Ppm (W)
iv. magnesium 2.0 Ppm (W)
(b) Liquid content 0.0 NIL
(c) Solids/ Particulates
i. Total for particle size up to ---
10microns
ii For 2 microns <d < 10micron 20.0 Ppm (W)
 iii For particles size > 10 micron 1.50 Ppm (W)
(d) Moisture 122kg/million SCM
Hydrogen content 1.00% (V)
Acetylene(C2H2) 0.10% (V)

NOTICE:

The ICPO/LOI must be on the buyer’s letterhead with an authorized signatory and stamp. It is mandatory
that the document carry the buyer’s bank and bank officer’s contact information. The names and positions
of the Company representatives signing the LOI or ICPO must be clearly indicated. Otherwise, the
document has no legal value; the documents must be fresh (recent date, at most 1-3 days old). The
letterhead of the Company requesting the commodity must correspond to the Bank Account Holder on the
banking information provided.

The ICPO must be addressed to the seller “Mr. Magzum Mirzagaliyev” and must carry the seller’s
approved procedures as shown above. If your documents do not pass these verification points, please
discuss them with your Buyers and get them corrected. This will save time in our process.

The seller will NEVER provide any relevant past transaction records or documents that are not stated
here-in (as it will be a violation of the NCNDA rules).

We look forward to a successful business relationship with your esteemed company.

Sign and Seal by:

Mr. Magzum Mirzagaliyev
Chairman of the Management Board,
JSC NC "KazMunayGas".