Dear Mr Abbasi

Kindly find attached contract modified based on Kangan’s GTC and included as final version for selling kangan’s LPG.

Best regards.

m.sharifi

From: legal@deltaenergyco.com <legal@deltaenergyco.com>
Sent: Friday, June 24, 2022 10:00 PM
To: 's.ghahramani@hmstrading.ae' <s.ghahramani@hmstrading.ae>
Cc: 'CEO' <CEO@deltaenergyco.com>; 'Info' <info@hmstrading.ae>; 'Mojtaba.sharifi@gmail.com' <Mojtaba.sharifi@gmail.com>; 'commercial@deltaenergyco.com' <commercial@deltaenergyco.com>
Subject: RE: Draft of CIVIT Sale and Purchase agreement

Dear Mr Ghahramani

Dear Mr Abbasi

I wish this email finds you well.

Since it is planned to have a Back to Back trade , kindly find below comments:

Regarding the PI issued by KPRC, since the producers General terms and Condition has been incorporated by reference into the PI, I need to see their GTC to put any strange condition into our issued PI.
Regarding the Contract, kindly find attached draft contract which has been prepared specifically for LPG products and please comment .
Regarding the PI issued by HMS , please note that we should related the PI to the contract and it must be issued by HMS Dubai, not Iran . kindly note that the PI’s terms of payment is different with what we discussed on the phone conversation.

Best regards.

m.sharifi

From: s.ghahramani@hmstrading.ae <s.ghahramani@hmstrading.ae>
Sent: Friday, June 24, 2022 4:02 PM
To: Legal <legal@deltaenergyco.com>; Mojtaba.sharifi@gmail.com
Cc: CEO <CEO@deltaenergyco.com>; Info <info@hmstrading.ae>
Subject: Draft of CIVIT Sale and Purchase agreement

Petro Delta Energy

Legal Department

Dear Sir,

According to the arrangements which have been made regarding selling LPG products to CVIT Global Shipment FZCO, and considering the necessity of having a bilateral agreement between the two companies, a draft of an agreement along with related information is sent for your kind consideration. You are kindly requested to take them into your kind consideration and provide us with a final version of the agreement which makes us able to proceed with concluding the contract between the related parties.

Moreover, be informed that the Trade license and MOA of the CVIT Global Shipment FZCO will be provided subsequently.

Please do not hesitate to contact us in case of any inquirires.

Best Regards,

Petro delta Energy

Dubai Office