CONTRACT

FOR AGO 50-200,000 METRIC TONS TTO/TTT

THIS CONTRACT AGREEMENT IS MADE THIS 4TH day of March,
2023.

BETWEEN
NNPC/JOINT VENTURE OPERATORSREPRESENTATED BY:
EMOAD NIGERIA LIMITED/PUZMAX INTERNATIONAL LIMITED
(HEREIN REFERRED TO AS THE SELLER) ON THE FIRST PART

AND
INNOVIS CONSULTING LTD

(HERE-IN REFERRED TO AS THE BUYER), ON THE SECOND PART

WHEREAS: the supplier makes an irrevocable and firm commitment to source and Supply and the
buyer also makes an irrevocable and firm commitment to purchase and take delivery of the said
product.

WHEREAS: the buyer and the supplier are desirous to supply and purchase respectively the said
product under the terms and conditions contained herein in the agreement.

Therefore, for and in consideration of the promises, mutual covenants and agreement herein
contained, supplier and buyer contract as follows:

QUALITY AND GRADE:

The quality of this product shall be regular NNPC standard export grades of AGO

An independent inspection company such as the SGS, NNPC Registered Super Cargo and
Inspector shall conduct the verification as to quantity and quality.

ARTICLE 1: PRODUCT AND ORIGIN

The product to be supplied under this agreement shall be AGO. The country of origin of
the product is Nigeria.

ARTICLE 2: QUANTITY
The quantity to be delivered shall be 50-200,000MTS both parties accept a
tolerance/variation in quantity of +/- 10% on each delivery.
ARIICLE 3: PRODUCT QUALITY/SPECIFIC
The quality of the product to be supplied under this agreement shall be standard NNPC
export specification for AGO.

ARTICLE 4: DURATION/TIME/PERIOD
The parties agree that the delivery shall be made from the date that this contract is signed.

ARTICLE 5: DURATION
The supplier agrees to hand over the cargo to the buyer at 20 Nautical Miles in NIGERIA
WATERS.

ARTICLE 6: QUALITY AND QUANTITY INSPECTION

Sampling or testing of each cargo for quality shall be carried out by SGS at the point of
transshipment while the buyer shall be responsible for the cost of inspection services
carried out on its behalf.
ARTICLE 7: PRICING (price and Sharing must not be
Adjusted)
The price for each Litre of AGO delivered out-turned Litres shall be Dated on the date of
Bill of Lading as published by McGraw Hill market wireless

ARTICLE 8: USD 700.00 PER MTN LESS 10 COMMISSION FOR SELLER/BUYER'S

MANDATE/ FACILITATORS

ARTICLE 9: NO ADJUSTMENTS SHOULD BE MADE AS IT WILL TERMINATE

THIS CONTRACT

KTT swift transfer from the buyer's bank to the Seller's bank immediately after the
transshipment of the goods and presentation of the documents stated in article 8,
above, All commission due to the intermediaries / brokers and agents be transferred
by the Buyer's bank at the same time and by the method stated in article 8, above.

The buyer and the seller each shall be responsible for the Bank charges relating to
its side of the banking transactions.

ARTICLE 10: DEFICIENCY

If the amount paid each time, under the CERTIFIED BANK DRAFT is less than the
total value shown on seller's commercial invoice presented to the buyer's bank, the
buyer shall pay the seller immediately on demand; any such amount is outstanding
by a claim against the BANK
Buyer shall pay the seller immediately on demand, any such amount is outstanding
by a claim against the BANK
ARTICLE 11: PROCEDURE: NOT NEGOTIABLE
PROCEDURES:
PROCEDURE FOR AGO TTO/ttt LAGOS WATERS TRANSACTION,

1).BUYER SIGNS CONTRACT AND RETURN IT WITH ATB FORMAT, AND NNPC
ACCREDITED SUPERCARGO / INSPECTOR DETAILS WITH THEIR INTERNATIONAL
PASSPORT SCAN COPY, THE ELECTRONICALLY SIGNED DOCUMENTS BEAR THE SAME
FORCE AND FUNCTION AS THE ORIGINAL AND IS LEGALLY BINDING.

2).SELLER ISSUE BUYER TEAM ATB AND CLEARANCE. BUYER CONFIRMS ATB AND
CLEARANCE PROCEED TO BOARDING POINT, MEET WITH SELLER AND TO MOVE HIS
TEAM TO THE LOADED VESSEL FOR BOARDING, CONFIRMATION AND ATTESTATION.

3).UPON SUCCESSFUL BOARDING AND SUPERCARGO ISSUE ATTESTATION CO-SIGN BY

CAPTAIN OF THE CARGO, THE BUYER PAYS (N300M) THREE HUNDRED MILLION NAIRA
FOR LOGISTICS TO SELLER.

4).UPON CONFIRMTION OF LOGISTICS PAYMENT BY SELLER, SELLER INTRODUCE

BUYER TO VESSEL CAPTAIN WHILE Q&Q PROCESS STILL ON.

5).UPON SUCCESSFUL Q&Q RESULT, BUYER PAYS FOR FULL CARGO AND TO ALL
AGENTS AND FACILITATORS AS REFLECTED IN SIGNED SPA.

6).SELLER CONFIRMS PAYMENT AND ALL INTERMEDIARIES, AND ISSUES ALL

CARGO DOCUMENTS IN BUYER’S NAME, (HARDCOPY)

7).THEN INTRODUCES BUYER TO VESSEL HANDLERS FOR RE-CHARTERING, UPON

COMPLETION CHARTER BY BUYER, VESSEL SAIL UNDER THE BUYER INSTRUCTIONS
TO POINT DISCHARGE.

8. NB. All the logistics will be deduct from the main money

TRANSACTION CONCLUDES WITH ROLLS AND EXTENSION

Note: Buyer will be held liable in case of default in posting funds due to
seller and other intermediaries as in the SPA.
9. - BERTH CHARGES, DUTIES AND TAXES AT DISPORT, TITLE.

DOCUMENTS
• Clean Ocean Bill of Lading, One (1) Original and three (3) copies
• Seller’s Commercial Invoice, One (1) Original and three (3) copies
 • SGS/Saybolt Certificate of Quality and Quantity, One (1) original and three
(3) copies.
• Certificate of Origin issued by NNPC, One (1) Original and three (3) copies
• Certificate of Authenticity issued by NNPC, One (1) original and three (3)
copies
• Master’s Receipt for Samples
• Master’s Receipt for Documents
• Cargo Manifest
• Cleanliness report at Loading Port and Lines
• Charter Party Agreement
Transfer of Ownership/Title of Cargo to Buyer’s or Investor’s name

ARTICLE 10: FIDUCIARY BANK COORDINATES

SELLER'S FIDUCIARY BANKING DETAILS: TO RECEIVE INSTRUMENT

MT760-BG/IANDMT103/23 AND N100M THREE HUNDRED MILLION NAIRA
CONFIRMABLE CORPORATE CHEQUE FOR LOGISTICS.
BANK NAME
BANK ADDRESS
ACCOUNT NAME
ACCOUNT NUMBER USD
ACCOUNT NUMBER NGN
ACCOUNT OFFICER
ACCOUNT OFFR EMAIL
SWIFT CODE
Text Message: The S.W.I.F.T. or Clear Stream text message
covering all remittances shall clearly state the
following:"CLEAN, CLEARED, LIEN FREE AND
REQUIRED MESSAGE: UNENCUMBERED FUNDS, EARNED FROM FINANCIAL
CONSULTING FEES ON COMMERCIAL ENTERPRISES
OF NON-CRIMINAL AND NON-TERRORIST ORIGINS,
FOR SAME DAY SETTLEMENT
 NNPC/JVO FIDUCIARY BANKING DETAILS: TO RECEIVE (N200M) TWO
HUNDRED MILLIOM NAIRA CASH FOR DOCUMENTATION
LOGISTIC BY SWIFT:
BANK: CITIBANK N.A
ADDRESS: 399 Park Avenue, NY 10043 USA.
SWIFT: CITIUS33XXX
CREDIT TO: FIRST CITY MONUMENT BANK PLC.
ACCOUNT NO: 36887918
ADDRESS: 1 AKIN ADESOLA STR. V.I , LAGOS-ISLAND.
SWIFT CODE: FCMBNGLA
BENEFICIARY: PUZMAX INTERNATIONAL LTD.
ACCOUNT NO: USD$1310245021, NGN1310245014
BANK OFFICER: OLUWADARA OYETOLA
BANK EMAIL. [email protected].
REQUIRED MESSAGE All transfer instructions or all remittances shall clearly state the
following: Clean, Cleared, Lien free and unencumbered funds, earned
from financial consulting fees on Commercial Enterprises of Non-
Criminal and Non-Terrorist origins. All wire transfer shall incorporate
above text message and a copy of bank wire transfer slip shall be
emailed to account officer.

ARTICLE 12: INDEMNITY CLAUSE

Lay time allowed for completion of transaction is 24 hours after receipt of NOR should
funds be faxed to the seller's bank. Failure to complete the transaction as a result of
default, negligence or delay on the part of the buyer or his bank to place fund, the
buyer and his agents will be indemnified by the seller into the value of the agreed
commission as per the contract.

ARTICLE 13: SEVERABILITY CLAUSE

If any provision (s) of this agreement is I are found and determined to be invalid or
unenforceable by court of Competent jurisdiction or appropriate arbitration tribunal,
such ruling shall be final, binding and conclusive on all parties, but shall not affect the
validity or enforcement of any clauses contained herein.

ARTICLE 14: ARBITRATION

Any dispute arising out of this agreement shall be settled by arbitration in accordance
With the law of Switzerland or England or (ICC) 600.

ARTICLE 15: FORCE MAJAURE

Neither the seller nor the buyer in this agreement shall be liable for any breach, delay.
failure in performance or any obligation, herein except as regard this payment or
money already due and payable of performance has been hindered, interfaced with,
delayed, or limited by reason of any causes beyond the control of the party so affected.
The express "Clause beyond the control of the party so affected" shall be deemed to
include, for example, act of war, act of God, strikes, boycott, civil unrest lockout, and
commotion. Navigational problems of any substantial casualty to the performance of
the contract.

ARTICLE 16: NON-CIRCUMVENTION AND NON DISCLOSURE

In witness whereof the "parties" hereto have executed and delivered covenants by mutual
Agreement the day and year written on all faxes are to be considered original, legal and
binding. Each representative signs below guarantees that he/she is duly empowered by
his/her respectively named company to enter into and be bound by the commitments and
obligations contained herein either as individual, corporate body or on behalf of a corporate
body.

ARTICLE 17: COMMUNICATION

Both parties agree that any dissemination or communication of information required or
allowed to be forwarded to either party shall be in writing (English language).

ARTICLE 18: BANK COORDINATES

SELLERS BANKING CO-ORDINATE USD 685.00PER MTN.

Bank Name WEMA BANK PLC.

Bank Address WAPCO BRANCH, SHAGAMU
SORT CODE 035170675
Account Name EMOAD NIGERIA LIMITED
Account Number 0120925052
Account Officer OLUWATOSIN OLUBOWALE
E-MAIL [email protected]

BUYER’S CHIEF FIDUCIARY BANK DETAILS TO RECEIVE USD 5.00PER

MT FOR THE TOTAL VOULME.(WITH ROLLS AND EXTENSIONS)
BANK NAME FIRST CITY MONUMENT BANK PLC.
BANK ADDRESS 1 AKIN ADESOLA STR. V.I , LAGOS-ISLAND
SWIFT CODE: FCMBNGLA
ACCOUNT NAME PUZMAX INTERNATIONAL LTD.
ACCOUNT NUMBER 1310245014
ACCOUNT OFFICER OLUWADARA OYETOLA
BANK EMAIL. [email protected].

SELLER’S AGENT/MAMDATE BANKING DETAILS USD 2.5.00 PER MTN.

BANK: GTB BANK PLC
BANK ADDRESS: AWKA BRANCH-ANAMBRA
SORT CODE: 058027116
SWIFT CODE TBN
ACCONUT NAME: ILUKWE ANNE
ACCOUNT NUMBER: 0120048552
BANKING OFFICER: TBN

SELLER’S FACILITATORS (A) BANKING DETAILS USD 1.50 PER MT.

BANK NAME ECOBANK NIG PLC.
BANK ADDRESS 9 WEST RD RUMUOKORO P/H.
ACCOUNT NAME ENECHUKWU DAMIAN NNAMDI.
ACCOUNT NUMBER 5231211602.
SORT CODE 050211069.
ACCOUNT OFFICER STANLEY.
SELLER’S FACILITATORS (B) BANKING DETAILS USD1.00 PER MT.
DESCRIPTION DETAILS
BANK NAME FIDELITY BANK

BANK ADDRESS OSHODI EXPRESSWAY APAPA

ACCOUNT NAME KINGHEART INT'L NIG COMPANY

ACCOUNT NUMBER 5060024361

ACCOUNT OFFICER
SPECIAL WIRE INSTRUCTIONS: (REQUIRED ALL TRANSFER INSTRUCTIONS SHALL STATE: "FUNDS ARE CLEAN AND CLEAR, OF NON-
MESSAGE; CRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY
BENEFICIARY'S BANK.

BUYERS BANKING DETAILS TO PAY USD700.00 PER MT.

BANK NAME: DEUTSCHE BANK AG
BANK ADDRESS: KOENINGSALLEE 45-47, 40189 DUESSELDORF, Germany
ACCOUNT NAME: INNOVIS CONSULTING
A/C NUMBER: DE65300700100201504848
SORT CODE: DEUTDEDDXXX
BANK OFFICER: Oliver john
BANK OFFICER’S
[email protected]
EMAIL
BANK OFFICER’S TEL +49 (40) 3701 4754
FAX +49 (40) 3701 3917
WEB SITE http://www.db.com

BUYERS MANDATE/ AGENT BANKING DETAILS USD 1.50 PER MT.

BANK NAME BSIC

BANK ADDRESS Siege-Cité Keur Gorgui Lot NoA VDN

ACCOUNT NAME CAMA SARL
ACCOUNT NO: 00100106123
IBAN SN08SN1110100100010010612349
SWIFT CODE: BSAHSNDA
BANK OFFICER: MR. DJIBRIL CHIMERE DIAW
BANK OFFICER TEL: +221 77 442 30 23
BUYERS FACILITATOR BANKING DETAILS USD 1.50 PER MT

BUYERS FACILITATORS (B) BANKING DETAILS USD 0.50C PER MT.

DESCRIPTION DETAILS
BANK NAME GTBANK PLC

BANK ADDRESS APAPA LAGOS

ACCOUNT NAME OBI EZEMEKA

ACCOUNT NUMBER 0019719026

ACCOUNT OFFICER
 SPECIAL WIRE INSTRUCTIONS: (REQUIRED ALL TRANSFER INSTRUCTIONS SHALL STATE: "FUNDS ARE CLEAN AND CLEAR, OF NON-
MESSAGE; CRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY
BENEFICIARY'S BANK.

SELLER’S FACILITATORS (B) BANKING DETAILS USD 1.00 PER MT.

DESCRIPTION DETAILS
BANK NAME G T BANK PLC

BANK ADDRESS NO 47 INDUSTRIAL LAYOUT TRANS AMADI ROAD PORT HARCOURT

ACCOUNT NAME EDDY-UWE GLOBAL RESOURCES

ACCOUNT NUMBER 0761657333

ACCOUNT OFFICER IKEM ALEX
SPECIAL WIRE INSTRUCTIONS: (REQUIRED ALL TRANSFER INSTRUCTIONS SHALL STATE: "FUNDS ARE CLEAN AND CLEAR, OF NON-
MESSAGE; CRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY
BENEFICIARY'S BANK.

BUYERS FACILITATORS (B) BANKING DETAILS USD 0.50C PER MT.

DESCRIPTION DETAILS
BANK NAME KEYSTONE BANK

BANK ADDRESS UYO AKWA IBOM STATE NIGERIA

ACCOUNT NAME IMOH DANIEL ESSIEN

ACCOUNT NUMBER 1002988091

ACCOUNT OFFICER
SPECIAL WIRE INSTRUCTIONS: (REQUIRED ALL TRANSFER INSTRUCTIONS SHALL STATE: "FUNDS ARE CLEAN AND CLEAR, OF NON-
MESSAGE; CRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY
BENEFICIARY'S BANK.

The terms and conditions of this contract are accepted and binding on all parties to this
contract. The parties confirm that each has read and understood the terms and conditions as
written. If any term or condition of this contract is held by a court of competent jurisdiction to be
invalid, void or unenforceable, the rest of the contract shall remain in full force and shall in no
way be affected, impaired and invalidated. Both parties having understood all the terms and
conditions of the agreement hereby agree to honor all clauses with all privileges, rights and
immunities pertaining herein, making this agreement effective on the date of signing.

IN WITNESS WHEREOF the parties hereto have caused their respective common seals affixed
here on with their hands and signatures and date first above written.
Signed and Sealed by Seller
FOR AND ON BEHALF OF THE SELLER:

SIGNED BY SELLER

SIGNED/CORPORATE SEAL

FOR AND ON BEHALF OF SELLER:

SELLER: NNPC/JV-OPERATORS
ADDRESS: SUPERINTENDENT OFFICE,

BONNY OCEAN TERMINAL, NIGERIA.

Name: ENGR. BENARD OKOLO
Designation: CHIEF LOADER

SIGNED
FOR & ON BEHALF OF THE BUYER: INNOVIS CONSULTING LTD
REPRESENTED BY: SALAH DJENID
DATE: 05 of MARCH 2023
HEREBY WITH FULL CORPORATE RESPONSIBILITY AND WITH THE POWER
VESTED IN ITS OFFICER, ACCEPT, CONFIRM AND AGREE TO ABIDE BY THIS
CONTRACT.

BUYER AND SELLER ATTESTS THAT THESE ELECTRONIC SIGNATURES ARE

RATIFIED AND VALID FOR THIS TRANSACTION.