Commodity: Saudi light crude oil Quality: Specification as per the attached Quantity:1 million mt per month with possible rolls and extension, contract for 8 years. Discount:1.70 per barrel net,2.0 per barrel - gross. Commission:0.30 USD - barrel Payment: Irrevocable revolving lc Performance bond:2% of lc value. Procedure: 1. Seller issue full corporate offer. 2. Buyer accept f. C. O. And shall issue icpo with full banking details and refinery name and registration number at aramco. 3. Refinery and ekn interoil ltd. Sign a processing agreement. 4. Seller provide proof of allocation to buyer. 5. Seller send draft sales agreement to the buyer. 6. After mutual satisfaction buyer and seller sign the hard copy of the sales agreement. 7. Buyer issue non-operative financial instrument. 8. Seller issue pbg 9. Seller present the full package of pop, followed by the monthly schedule and discharge program to any safe world ports. Shipping for the first crude oil commences within 45-60 days.