Company Profile of Commodity Trading FZE

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

169|12|49

255|198|82

0|153|0

Company Profile of Commodity Trading FZE

2

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0

Commodity Trading LLC FZE

Presentation of Commodity Trading FZE Table of Content

2| Incorporation and Participation

3| Key Personnel

4| Business Plan

1| Brief Synopsis on History and Vision

3

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0




3| Key Personnel

4| Business Plan


4

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


• In February 2014, COMMODITY TRADING FZE has been formed as a private company based on shares incorporated in the Fujairah Free Zone (Registration No. 14-FZC-1281; License No. 3472), with its principal office registered in Fujairah.

• The main activity of COMMODITY TRADING FZE will be the trading of crude oil and petroleum products.

• While COMMODITY TRADING FZE may (at the present time) be a junior company in the context of its physical presence, under the guidance of its first class trading personnel (who have a vast knowledge of the industry and who are extremely respected by their peers), COMMODITY TRADING FZE is the type of company that can easily be transformed into a reputable trading company and considerable player in the market within the next years.

• Through its extensive network of contacts that spans the globe, COMMODITY TRADING FZE has been able to align itself with the right corporate entities (who not only share in its vision) but to the overall objective of developing a First Class Trading Company.

• COMMODITY TRADING FZE has been found by a highly regarded professional in the industry, who was exercising top responsibilities in major international petroleum trading organizations.

• In addition, COMMODITY TRADING FZE has a vast network of connections in the industry on which it can immediately draw resources either to recruit the right expert to be posted on a long-term assignment or to be assigned duties on a consultancy basis. Through its connections and vast knowledge of the oil & gas industry, COMMODITY TRADING FZE can access to the most adequate and proper services in due time necessary to ongoing operations.

• COMMODITY TRADING FZE will succeed, because it has a strong knowledge base that is characterized by professionals who bring with them a wealth of experience from their choosen and specialized fields. Couple the latter with a balanced and open minded approach to innovative ideas and new technologies and an indefatigable drive for success, and one has the makings of an Trading Company that will (in no time) place its own stamp in the industry.

Brief Synopsis on History and Vision

Start-up Trading Company shall become reputable Player

5

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0




3| Key Personnel

4| Business Plan


6 2016-02-22 | Commodity Trading LLC FZE

Incorporated in Fujairah Free Zone in 02/2014 Certi�cate of Incorporation

Commodity Trading FZE

Incorporation in Fujairah Free Zone on 16/02/2016 Managing Director: Eng. Alfred Moser Share Splitt: Eng. Alfred Moser 500 shares Midgard Holdings Ltd. 500 shares By Investment Agreement dated 18/01/2016 Mr. Alfred Moser has sold 500 shares of Commodity Trading FZE to Midgard Holdings Ltd. (Mauritius) via its shareholder D.I. V.u.B.

7

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Shareholder Structure of Commodity Trading FZE Share Certificate


As for administrational reasons the new share splitt including Modgard Holding Ltd. has not yet been registered with the according authorities.

The update shall be done within March 2016.

8

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Commercial License of Commodity Trading FZE Petroleum Products & Metal Trading License


The renewal of the trading license has just been done.

Until 31/12/2016 the license for petroleum products & metal trading has been given.

9

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Participation of Midgard Holdings Ltd. (Mauritius) Investment Agreement signed by D.I. VuB on 18/01/2016

Excerpt of Investment Agreement, which proofs the transfer of shares to Midgard Holdings Ltd. (Mauritius), as well as confirmation of transfer by HypoVereinsbank Unicredit. D.i. Vermögensverwaltungs- und Beteiligungs GmbH, which holds shares of Midgard Holdings Ltd. acted as facilitator in order to accelerate the transaction.

10

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Fujairah is the perfect Location Fujairah is the basis for Commodity Trading FZE

Why Fujairah?

Fujairah is the best location for COMMODITY TRADING FZCEas it serves the elements for successful trading operations:

• geopolitocal location with short distances to the oil producers, especially Iran

• Fujairah is the world´s #2 bunkering hub

• Fujairah is a tax free zone

11

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0




3| Key Personnel

4| Business Plan


12

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Date of Birth: 27.05.1959 in Bad Ischl

Nationality: Austrian

University

1982 – 1987 Study of Machinery Engineering at the University of Graz, Austria, degree Master Engineer (Mast. Eng.)

Profession

1989 - 1993: Trader for Oil and Refined Products, world wide trading activities, OMV Aktiengesellschaft (Austria)

1993 - 1994: Head of Trading Department, worldwide trading activities, (experience with Arab countries, such as Libya, etc.), OMV Aktiengesellschaft (Austria); www.omv.com

1994 - 1995: Head of Trading Department for Oil, Refined Products and Chemicals; worldwide trading activities, especially with Russia and East Europe, Creditanstalt (Austria)

since 1996: Founder and Managing Partner of OIL ENTERPRISE LTD.

since 2014: Founder and Managing Partner of COMMODITY TRADING FCE

Interims Manager for Trading Department of Tohama Group (www.tohamagroup.com)

His profound 20-years-experience in the international oil trading business, is not only based on practice and responsibility in leading positions for international groups, but also on studying at several international oil training sessions at well-known Universities such as Oxford (England) and Houston, Texas (USA).

Mast. Eng. Alfred Moser has a vast network of connections in the international industry, which covers not only the international oil industry (upstream, downstream, trading), but also logistics.

Key Personnel

Mast. Eng. Alfred Moser

13

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


Date of Birth: 07.09.1965 in Munich

Nationality: German

University

1982 – 1987 Study of Economy at the Ludwig-Maximilians-University of Munich, Germany, degree Master of Business & Administration (MBO)

Profession

1998: Founder of macon, a management consultancy company

2000: Founder of PHOENIX OEL AG, an Oil & Gas company, mainly focusing on upstream E&P projects. PHOENIX was staffed by former top executives of major oil companies, such as Mr. Alain Bessiére, Jean-Michel Fonck, Dr. Hans Kind

PHOENIX OEL AG has signed a PSA in August 2001 for exploration and production of petroleum in the Democratic People´s Republic of Korea. Due to the political situation PHOENIX did decide not to proceed with the project for the time being. PHOENIX was working on the acquisition of petroleum assets in North Africa by renegotiation of an EPSA. PHOENIX has signed a JV agreement with ESSAR E&P Ltd. (part of ESSAR Group India) in 2007.

2015: Founder of combine Consulting, which forms the merger of two reputable German players within the Corporate Real Estate consultancy (see www.combine –consulting.com)

Key Personnel

MBO Oliver A. Dittmar

14 2016-02-22 | Commodity Trading LLC FZE

Date of Birth: 22.12.1962 in Munich Nationality: Mauritian

Profession

Key Personnel M.F.G. Thierry Catherine

Vice President of ESI Group of companies from Germany.Founder / Director of Bullion Investment Group

Wyoming – USA. All ac�vi�es transferred to Commodity Trading Fze Dubai

Shareholder / Member of the Board / Director of Phoenix Oel Ag –Munich, Germany. As of March 2016, all ac�vi�es of Phoenix Oel AG was transferred to Commodity Trading Fze in Dubai.

Honorary Member of the Royal Academy of the United Na�ons – www.royalacademyun.com .

Vice President of Heaven on Earth Founda�on – Washington DC – USA.

Shareholder / Director of Midgard Holdings Co Ltd, Ebene, Mauri�us.Shareholder / Chairman of Midgard Exports Ltd.

2000-2009

2008-2012

2011-2016

since 2011

since 2012

since 2013

14

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0




3| Key Personnel

4| Business Plan


15

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


• COMMODITY TRADING FZE, represented by Eng. Alfred Moser, has worked for the past 2 years on the registration with the National Iranian Oil Company (NIOC). All requested documents for becoming an official off-taker with NIOC have been submitted. The only document missing is some Bank Comfort Letter (BCL) stating, that COMMODITY TRADING FZE has the financial backing to meet its contractual obligations.

• Eng. Alfred Moser will be frequently in Teheran (Iran) for meetings with different suppliers and the according officials with NIOC, in order to finalize the registration process with NIOC.

• COMMODITY TRADING FZE holds presently accounts with Mashreq Bank in Fujairah, but intends to open up accounts with RAK Bank as well as Bank Melli, as Bank Melli is the main bank used by NIOC, which will allow less complications for transactions while handled inhouse.

• In accordance with the terms & conditions of the various contracts COMMODITY TRADING FZE could sign, in most instances there are no funds required:

receipt of POP against BCL and then payment with MT 103 by Swift after Dip Test (deal ex tank Fujairah)

transfer or assignment of transferable L/C from exit buyer to seller (NIOC)

Commodity Trading FZE has close connections to NIOC

Intention to become a registered Off-Taker with NIOC

16

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


• Eng. Alfred Moser has profound knowledge on the requested qualities and quantities in the market. By his network of suppliers, logistic partners as well as reliable and capable exit buyers, as solid basis for generating a profitable trader is given.

• COMMODITY TRADING FZE wants to focus on the trading of the following products, there are already existing contracts from suppliers, which just need to be signed (exit buyers are r.w.a. to purchase):

Gasoil D2 - spot deal for 100.000 m/t ex tank Fujairah, could be extended to a revolving contract on monthly basis

Fuel Oil - spot deal for 50.000 m/t ex tank Fujairah, could be extended to a revolving contract on monthly basis

Crude Oil (API 30) – up to 2.000.000 bbl per month from NIOC

Condensate (API 60) – up to 2.000.000 bbl per month from NIOC

Naphta – up to 200.000 m/t per month

LPG – up to 40.000 m/t from port Assaluyeh (Iran)

Experience and network will allow profitable business

Trading of products with profound experience

17

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


• All assumptions made are very conservative and based on experience by Eng. Alfred Moser

• The achievable profits (net after all charges) based on already existing contracts to be signed are in total approx. US$ 12,9 mio. net p.a. The exit buyers are also r.w.a. to proceed instantly, as they are on hold.

• The upsides by increasing quantities (conversion from spot deal to supply contract) or larger net margin (spread between purchase and sale price after deduction of all charges) are very feasible.

Volumes and profit margins are basis for growth

Low costs and reasonable margins allow profitable business

product Gasoil D2 Fuel Oil Crude Oil (API 30) Condensate (API 60) Naphta LPG

quantity 100.000 m/t 50.000 m/t 2.000.000 bbls 2.000.000 bbls 2.000.000 bbls 40.000 m/t

Incoterms ex tank Fujairah ex tank Fujairah FOB Iranian Port FOB Iranian Port FOB Iranian PortFOB Iranian Port

(Assaluyeh)

profit margin netper m/t or bbl net after all charges

$5,00 $5,00 $0,20 $0,20 $0,20 $5,00

profit total net $500.000,00 $250.000,00 $400.000,00 $400.000,00 $400.000,00 $200.000,00

contract termsspot deal on monthly basis w ith possible

conversion in supply contract

spot deal on monthly basis w ith possible

conversion in supply contractsupply contract NIOC supply contract NIOC

spot deal on monthly basis w ith possible

conversion in supply contractsupply contract NIOC

approx. price per unitbased on APAG Platts

$300,00 $150,00 $35,00 $35,00 $40,00 $350,00

payment termsBCL covering

approx. US$ 30 mio.

BCL covering

approx. US$ 7,5 mio.

transferable L/C covering

approx. US$ 70 mio.


approx. US$ 70 mio.


approx. US$ 80 mio.


approx. US$ 15 mio.

profit potential p.a.50% on monthly basis

$3.000.000,00 $1.500.000,00 $2.400.000,00 $2.400.000,00 $2.400.000,00 $1.200.000,00

18

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

2016-02-22 |

169|12|49

255|198|82

0|153|0


• All assumptions made are very conservative and based on experience by Eng. Alfred Moser

Business Plan Light for 2016 - 2020

Business Plan depends on the trading volume

Year 2016 2017 2018 2019 2020

OPEX office rent Fujairah $60.000,00 $70.000,00 $80.000,00 $90.000,00 $100.000,00

office rent Dubai $0,00 $100.000,00 $120.000,00 $144.000,00 $172.800,00

employees

(secretary, operation, men Friday)$120.000,00 $180.000,00 $270.000,00 $400.000,00 $600.000,00

travelling expenses $120.000,00 $240.000,00 $360.000,00 $480.000,00 $600.000,00

trade license $20.000,00 $40.000,00 $40.000,00 $40.000,00 $40.000,00

others $50.000,00 $60.000,00 $72.000,00 $86.400,00 $103.680,00

CAPEX FFE, car $100.000,00 $150.000,00 $200.000,00 $250.000,00 $300.000,00

others $50.000,00 $100.000,00 $150.000,00 $200.000,00 $250.000,00

$520.000,00 $940.000,00 $1.292.000,00 $1.690.400,00 $2.166.480,00

Income Trading Profits net $12.900.000,00 $14.190.000,00 $15.609.000,00 $17.169.900,00 $18.886.890,00

Profit / Loss $12.380.000,00 $13.250.000,00 $14.317.000,00 $15.479.500,00 $16.720.410,00

Total Expenses/Expenditures

103|119|131

255|255|255

55|97|121

111|137|152

171|183|196

212|217|224

229|226|207

71|67|90

201|92|98

169|12|49

255|198|82

0|153|0

Thank you for your kind attention!

COMMODITY TRADING FZE General Manager Eng. Alfred Moser

+971 9 222 6868 land line Fujairah

+971 4 3322100 land line Dubai

+971 56 7008166 mobile

+43 664 1805146 mobile

[email protected]

Bank Street Building, Bank Street, Dubai (UAE)

805 - Fujairah Tower, Hamad Bin Abdullah St., Fujairah (UAE)

Documents

Company Profile of Commodity Trading FZE