Munich July. 2011 B.N. Zenouzi

National Transit operation First Real Multi National Armenia Azerbaijan Bulgaria Georgia Kazakhstan Kyrgyzstan Moldova Romania Tajikistan Turkey Ukraine Uzbekistan Turkmenistan Iran 14 Nations Transportation Company Will have: Speedy or Non-Stop Load Transportation No Local Restriction but enjoys local support and gain. Access to third country loads. Almost always busy as a chain member in Transport route. Less operational cost for transport because of driving home. Advantage of knowing local roads and rules. Fuel cost saving by Tanks in National Transit Operation. Several Load check points in borders National Transit operation

TRACECA ALLIANCE Lifecycle Consortium for the Silk Road TRACECA SPV Logistics Insurance Financing Fleet Management Fuel Cards Trucks Tires and Spare Parts

Model for TRACECA with 7 Business Units TRACECA provides Loads to the Drivers Intermodal Logistics Company TRACECA is insurance broker for trucks insurances and freight insurances Truck suppliers provide trucks and driver services Insurance Company Truck Suppliers TRACECA provides Less expensive fuel and lubricants TRACECA provides Less expensive Tires and spares Monthly Payments TRACECA provides FMS to the Drivers and control the trucks Fleet Management System Lease Company TRACECA checks the drivers and ask for guarantee for monthly lease payments TRACECA sells trucks 30/70 Ownership 15% Cash Deposit Monthly Lease Payments Drivers from TRACECA Region Provides credit or cash to purchase Trucks

TRACECA ALLIANCE 14 National Partners for the Silk Road TRACECA International Armenia Azerbaijan Bulgaria Georgia Iran Kazakhstan Kyrgyzstan Moldova Romania Tajikistan Turkey Turkmenistan Ukraine Uzbekistan TRACECA ALLIANCE Armenia Azerbaijan Bulgaria Georgia Kazakhstan Kyrgyzstan Moldova Romania Tajikistan Turkey Ukraine Uzbekistan Turkmenistan Iran

TRACECA ALLIANCE Structure in SPVs CCC GmbH 70% EUR 7,000,000 Financing 6% EUR 600.000 Logistics 4% EUR 400.000 Insurance Tires and Spare Parts 3% EUR 300.000 Fleet Management 1% EUR 100.000 Fuels Trucks TRACECA National TRACECA ALLIANCE 70% EUR 700.000 Country Manager 10% EUR 100.000 Financing 5% EUR 50.000 Logistics Insurance 2% EUR 20.000 Tires and Spare Parts Fleet Management 4% EUR 40.000 Fuels Trucks (Internal BA) 0%

Country Managers Key Tasks and responsibilities Lead organization based on rules of head quarter Lead 7 BA’s to perform at their utmost Manage fleet and drivers to the most swift operation Maximize return (Maximize income – reduce costs) Manage always good relation with local BA’s Create and keep No. 1 position for country’s local and international transportation Extend local links with official / private authorities

Project Development Agreement TRACECA ALLIANCE Contracts for Country Manager during Project Development TRACECA International Armenia Azerbaijan Bulgaria Georgia Iran Kazakhstan Kyrgyzstan Moldova Romania Tajikistan Turkey Turkmenistan Ukraine Uzbekistan Project Development Agreement Exclusive Country Manager EUR 50.000 i.e. Payment of 50% of their share Project Alliance Charter Best for Project Pain and Gain Share Open Book No Dispute CCC GmbH Armenia Azerbaijan Bulgaria Georgia Kazakhstan Kyrgyzstan Moldova Romania Tajikistan Turkey Ukraine Uzbekistan Turkmenistan Iran

Country BA’s Key Tasks and responsibilities Fleet Management Manage drivers and keep them healthy and happy Maximize Trucks running time per day Finance Funding, Securities, Cash management, Link Local to International Accounts Logistics Keep trucks always loaded and running Maximize local and international load shares Insurance Provide full and least expensive coverage Contribute in Securities handling Tires and Spare parts Maximize TBF and Minimize TTR and spare parts Keep always healthy fleet ready Fuel Minimize cost of Fuel Manage income from Fuel management Trucks Manage Trucks records and deliveries Manage Truck Brand locally

TRACECA ALLIANCE Contracts for Project Sponsor during the Project Development Project Development Agreement Exclusive Integration Payment of 50% of their share Project Alliance Charter Best for Project Pain and Gain Share Open Book No Dispute CCC GmbH Project Sponsor Logistics Insurance Financing Fleet Management Fuel Cards Trucks Tires and Spare Parts

System Supplier + Operator Local Supplier + Operator BA - Financial BA will carry out: Cross-border leasing in eligible countries. Sustainable growth to Rail, Ocean and Air Transport. Contract signed by authorities, in one country only, it Creates 437 M€ Cash, 649 M€ profit and local root. Insurance TRACECA Banks IFI System Supplier + Operator Any Eligible country Local Insurance Local Banks Local Supplier + Operator TRACECA National TRACECA TRANSPORT Leasing Contract Monthly Leasing Payments Advance received € 437,272,727 Operation Margin € 649,355,117 Customs charges -€ 444,000,000 Total Income € 642,627,844

BA – Vehicles BA will carry out: Assembling and Repair in eligible countries. Reduce cost of import and sales at those countries. Will cover all after sales services for own country and neighbors. Will provide trucks for replacements so non-stop load transport. Save 400 Million € customs cost in BA Finance + Totally new business with cash, profit and local strength. TRACECA TRANSPORT

Creates 100 M€ p.a. extra profit and NEW business. BA - Logistics BA will provide: Strong Link with global forwarders as external forwarding. Know-how and recognition as international freight forwarders Develop BA to act as Internal Multi Modal forwarder Serving the market as Multi Modal Forwarder/Carrier Creates 100 M€ p.a. extra profit and NEW business. External Forwarders TRACECA Freight Owner Destination Freight Owner Origin BA Logistics TRACECA Freight Owner Destination Freight Owner Origin Good Communication, High quality service, Low price, On-time delivery

Manage 250 M€ p.a. cost + New Business. BA – Fuel Cards BA will provide: Saving in 255 M€ (10%) Favourable payment conditions Manage 510,000,000 liter of fuel through own supply save 10% more. Establish Fuel distribution channel in eastern countries of TRACECA. Own Mobile fuel distribution network in future. Manage 250 M€ p.a. cost + New Business.

BA – Tires, Spare parts and Maintenance BA will provide: Reduced cost as Whole buyer. Will manage spare parts and 100.000 p.a. tires consumption. Will supervise the maintenance to ensure service continuity. Can produce Tire production plants to create extra added value. Manage 43 M€ p.a. maintenance cost and ensure availability and quality.

BA – Insurance Save margins of 36 M€ p.a. Insurance cost BA will provide following step by step: Broker Function so save broker margin Will collect enough capital to be insurer so save insurer margin. Will develop business to insure sever but covered risk. (Export credit risks … etc.) Will make lobbying with EU to serve TRACECA risks. Will develop together with BA – Finance a Bank in Austria. Save margins of 36 M€ p.a. Insurance cost Develop business to individual insurer and Bank.

10 -15% of benefit + Enhanced Cargo Services BA – Fleet Management System BA will provide: Operational cost saving Smooth up daily operation for fast transport An ERP with Integrated data GPS Navigating and Tracking so better accessibility 10 -15% of benefit + Enhanced Cargo Services

BA – FMS services Improved dispatching Increased route adherence Optimized routes Reduced mobile costs Reduced overall costs Proactive traffic jam action Better managed driver hours Proof of visit and Faster invoicing