NGOC PHAT PETROL OIL IMPORT EXPORT TRADING SERVICES INVESTMENT CORPORATION976 HUYNH TAN PHAT, QUARTER 4, TAN PHU WARD, DIST 7, HO CHI MINH CITY, VIETNAMMANDATE LETTER OF AUTHORITYNGOC PHAT PETROL OIL IMPORT EXPORT TRADING SERVICES INVESTMENT CORPORATIONand directorNGUYEN KHAC DUYwith full corporate authority holding Vietnamesepassport No: C0042457 hereby confirms that MINH TAM TRAN with Canada Passport No: HG831316 is hereby duly appointed as a fully authorized and legal Mandate to source petroleum product for purchase by ourselves under the following terms and conditions:1. This Authority is good specifically for Petroleum Product (D2, Mazut, LPG, etc.). We are ready to buy 50 000 MT or more per month.2. Valid from issue date until 1st June 2020.3. Mandate has full authority to negotiate and agree any terms and pricing.4. Mandate has no signatory authority to bind NGOC PHAT PETROL OIL IMPORT EXPORT TRADING SERVICES INVESTMENT CORPORATIONto contract.5. Mr. Minh Tam Tran will act as paymaster for the persons named on the Sales and Purchase Agreement.6. NGOC PHAT PETROL OIL IMPORT EXPORT TRADING SERVICES INVESTMENT CORPORATIONwill sign directly with the legal owner/entity of the product and make full payment after Final Assay.7. NGOC PHAT PETROL OIL IMPORT EXPORT TRADING SERVICES INVESTMENT CORPORATIONwill simultaneously make payment to Minh Tam Tran as Paymaster.WE WILL NOT BE BUYING FROM SOURCE THAT IS NOT FROM THE MANDATE, IF IN 6 MONTH TERM THE MANDATE COULD NOT FIND THE SOURCE AS A REASONNABLE PRICE WE CAN FORFEIT THIS LETTER.June 30th 2015
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