Business Proposal – Loan/ Bank Facility Application TENOIL PETROLEUM (M) SDN BHD Business Proposal – Loan/ Bank Facility Application … Because Every Drop Matters…

TENOIL PETROLEUM At a Glance! Tenoil Petroleum(M) Sdn Bhd is an established Company licensed by Marine Department Malaysia (Jabatan Laut Malaysia) to perform Oil Bunkering along the Straits of Malacca via Lumut. Tenoil is also involved in Oil Trading. Singapore being the commercial hub for SEA countries, Tenoil expanded the commercial operations for Oil Trading to Singapore under the flagship of Tenoil Petroleum Pte Ltd (Singapore). Tenoil Petroleum Pte Ltd (Singapore) managed to secure contract(s) for the supply of High Speed Diesel from Myawaddy Trading Limited, a Myanmar based company established since 1994. Myawaddy imports petroleum and distributes on a retail and wholesale basis.   Tenoil Petroleum Pte Ltd (Singapore) has also established business opportunities with Myat Myittar Mon Co.,Ltd. (MMTM) located in Yangon, Myanmar. The Company’s main business is in the supply and distribution of petrol and diesel in Myanmar.

TENOIL PETROLEUM Continued… Tenoil Petroleum Group through its Malaysian Set-up is able to source for petroleum products like diesel and petrol from its reliable suppliers at attractive prices which provides lucrative returns for Oil Trading and Oil Bunkering businesses. Through its Oil Bunkering permit, Tenoil Petroleum Group will be in the position to operate another lucrative business in oil bunkering along the Straits of Malacca which has a sizable vessel traffic.  With its business connections with large Myanmar oil companies like Myawaddy and MMTM, Tenoil Petroleum is able to further expand its petroleum business in Myanmar with local Partners. Tenoil Petroleum vision is to be a leading petroleum supplier in Myanmar and in other neighboring countries.

TENOIL PETROLEUM OIL TRADING: Secured Diesel Supply Contract from Myawaddy Trading Limited. Negotiating with MMTM (Myat Myittar Mon Co.,Ltd.) on RON 92

TENOIL PETROLEUM PTE LTD

TENOIL PETROLEUM % of Return on Capital (472K / 5.3M) = 8.9% Per Month OIL TRADING - FUNDS REQUIREMENT & PROFIT MARGIN Items Quantity Company Cost/ Shipment (USD)   Frequency of Shipment Payment Mode Profit Margin Total Estimated Profit Diesel 2,400 MT/ Shipment Myawaddy Trading Limited *USD 1.1 Million 3 shipments of 2400 MT each to Myawaddy per month (Total=7200 MT) LC USD 10/ MT Minimum Profit Margin 72,000 Per Month Mogas (Petrol) 10,000 MT/ Shipment MMTM Co. Ltd *USD 4.2 Million Minimum 4 Shipments of 10,000 MT each to MMTM per month 400,000 Per Month Total Funds Required USD 5.3 Million 472,000 Per Month % of Return on Capital (472K / 5.3M) = 8.9% Per Month

Oil Bunkering at The Straits of Malacca : LOCATION MAP

Permit

VLCC Transit via Straits of Malacca Oil Bunkering at The Straits of Malacca - . The Straits of Malacca offers huge business potential.  Transits of the key Malacca Straits waterway connecting Asia to Europe and the Middle East hit an all-time high in 2014 crossing the 79,000 barrier for the first time. According to a study compiled by the Nippon Maritime Center using data from the Marine Department of Malaysia’s STRAITREP system there were 79,344 transits of the Strait by vessels between One Fathom Bank to the north and Iyu Kecil to the south. On average 217 vessels per day transited the waterway in 2014, up from 201 in 2011. According to the report the largest users of the Strait are containerships, although it is the VLCCs, bulk carriers and LNG/LPG traffic where the most growth is being seen. It is very lucrative to carry out oil bunkering at Straits of Malacca and supply oil to VLCCs through Ship to-Ship (STS) operations via Lumut Bunkering Point offering competitive prices for vessels from Myanmar, Europe and Middle East through Andaman Sea.

Malacca Strait Vessel Transit – Year 2000 - 2014 X Number of Vessels Year 2000 - 2014 Y

OIL BUNKERING - AT THE STRAITS OF MALACCA VIA LUMUT No of Vessel per day 10 Average Capacity per vessel (Metric Tonne) 1,000 Total volume delivered per day (Metric Tonne) 10,000 Cost per daily sales (USD360 X 10,000 MT) USD 3,600,000 Funds Required (8 time Per daily volume) USD 28,800,000 Profit Margin Per Month based on USD10/ Metric Tonne (26 Days X USD 10/MT X 10,000 MT) 2,600,000 % Return on Capital (2,600,000/ 28,800,000) 9.02% Per Month Floating Vessel (Lease) Volume No. of Lease Vessels 2 Per Vessel Capacity (Metric Tonne) 10,000 Total Availability Volume(Metric Tonne) 20,000

TENOIL PETROLEUM SUMMARY OF FUNDS REQUIREMENT AND PROFIT POTENTIAL   Business Fields Funds Required (USD) Profit Per Month Return Per Month (%) Return Per Year Oil Trading 5.3 Million 0.472 Million 8.9 106.8 Oil Bunkering 28.8 Million 2.6 Million 9.02 108.24 Total 34.1 Million 3.072 Million 9 108

TENOIL PETROLEUM IMMEDIATE FUNDS REQUIREMENTS Business Fields   Business Fields Funds Required (USD) Profit Per Month Return Per Month (%) Return Per Year Oil Trading 5.3 Million 0.472 Million 8.9 106.8

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