About procedures OIL & GAZ

ILLUSTRATIVE - CALENDAR

Data regarding delivery times with respect to this transaction, we proposed a high-level timeline as follows:
Useful days n. 03: evaluation work of LOI / ICPO
Useful days n. 02: possible offer letter.
Useful days n. 03: purchase order with letter BCL MT 799 of our bank's test funds.
Useful days n. 02: drafting and signing of the definitive supply contract.
Useful days n. 03: issue of the draft SBLC by your bank.
Useful days n. 03: confirmation of SBLC by your bank.
Data: Product dispatch Delivery time: within 21 days.


TWO DILIGENCE PROCESS
This transition is the top priority for us and we are ready to proceed as quickly as possible: it is important to make the same effort to use before dedicating time and resources to pursue this opportunity.
We expect our remaining due diligence to be limited to results in the interest of time.
With the full cooperation of the Company, we believe we can quickly complete this transaction within the four-week deadline from the date of acceptance of the proposal.
In light of our proposal, in the event that your company requires the granting of exclusivity at this stage, your need for diligence must fall simultaneously with the period indicated above. We will need reasonable access to company information and the ability to share this information in order to protect the confidentiality of information and our discussions. We emphasize our desire to complete the proposed Operation quickly and efficiently and our willingness to mobilize resources to move forward quickly. To that purpose,


NON-BINDING COMMITMENT


This non-binding indication of interest is confidential and cannot be disclosed except to you, the Company and its advisors on a strictly necessary basis. It is not intended and is not expected to create any winning obligation on the part of the RGE GROUP or one of its affiliates to engage in any transaction with the Company to continue to consider such transaction. Without prejudice to the sentence immediately following, none of the parties will be bound in any way in relation to and until the parties make a final agreement, and therefore will be in accordance with the terms of this letter, unless they are only in agreement with that agreement. Without prejudice to the contrary in this letter, the Contract of exclusivity and confidentiality, once executed by the parties, will constitute a binding obligation of the parties. We are very excited about the potential opportunity and hope you are equally interested in proceeding in a constructive and rapid dialogue. We look forward to working with you to complete this transaction.

NOT CIRCUMVENTION AND NON-DISCLOSURE:


Each of the Parties hereby irrevocably agrees not to interfere, directly or indirectly, to evade or attempt to circumvent, avoid, bypass or remedy within the other Party against the business connected in this document or to try to interfere, circumvent or groped to circumvent, avoid, circumvent or obviate the interest or the reciprocal relationship (or collective of the Parties) with or without contract with producers, sellers, buyers, brokers, retailers, distributors, refineries, shippers, financial institutions, owners of technologies, produce or invest or initiate trading relationships or other transactional relationships that bypass the other Party with any investor, company, manufacturer, technology owner, partnership, or individual (s) revealed or presented to the Party in connection with any business in or future course and (ii) at the time of such disclosure or introduction, not previously notified to the other Party, provided that however referred to
A listed company or an established financial institution, the restriction applies to the natural person and not to the company or institution.






WARNING LETTER OF TO BUYER AND SELLER


(Signed by a duly authorized representative of SELLER and BUYER il, nd, xxxxxxx)
This is a very important message for anyone involved in the raw materials sector on the new evaluations related to the purchases made by the vendors they perform.
From now on, if it is issued by ICPO, LOI, RWA or BCL and the document is not verifiable, true and / or verified, the Buyer will be able to inform the FBI, ICC and INTERPOL. Furthermore, after an FCO has been sent to the Buyer, there must be a formal response to the Seller by the Buyer in a timely manner in accordance with the agreement between the parties.
In the event of failure by the buyer to reply promptly, the purchasing company will be reported to the FBI, ICC and INTERPOL. Self
this action is repeated by the sellers, they are also reported for abuse of NCND, LOI, ICPO and RWA O BCL, FOR THIS IS NOW A FEDERAL OFFENSE.
It is important to pass it on to all customers who maintain suppliers with ICC, FBI and other international news members. From this point on, international codes will be strictly applied to exclude all intruders who send or transmit false information. Those who present a false NCND / IMFPA, LOI, ICPO, RWA or BCL or FCO, as well as FALSE PROOF OF PRODUCT (POP), FALSE PROOF OF FUNDS (POF) WILL BE LOADED WITH A CRIME.
This infringement entered into force on 3 June 2016 after a meeting between the Federal Reserve, the European Central Bank, Interpol, the Federal Office of Investigation and the Central Intelligence Agency.
The reason for this assessment is the protection of raw materials, which is a fundamental part of the world economy.
I have read and understood the seriousness of the aforementioned warning and the account of the serious impact that affects all oil and other raw materials operations.


Riccardo Meola
CEO of RGE GROUP SRL