Company: FALCON ENERGY LIMITED
Reference No.: FEL/LOI/EN590/400000/2026
Date: 11 October 2026

To: Potential Sellers, Suppliers and Refineries

Subject: Letter of Intent for the Purchase of 400,000 Metric Tons of EN590 Diesel 10 PPM

Dear Sir/Madam,

We, FALCON ENERGY LIMITED, hereby express our serious commercial interest and intention to purchase 400,000 metric tons of EN590 Diesel 10 PPM from a qualified, legitimate, and verifiable seller, supplier, or refinery.

We are seeking direct cooperation with reliable suppliers capable of providing the required product in accordance with internationally accepted commercial practices and mutually agreed contractual terms.

1. PRODUCT REQUIREMENTS

• Product: EN590 Diesel

• Sulphur Content: 10 PPM maximum

• Total Quantity: 400,000 Metric Tons

• Delivery Terms: CIF (Cost, Insurance and Freight)

• Destination Port(s): To be nominated by the buyer and mutually agreed

• Product Origin: To be declared and supported by appropriate documentation

• Inspection: SGS or another internationally recognized independent inspection company, as mutually agreed

• Shipment Schedule: To be negotiated and agreed upon

• Contract Duration: Subject to mutual agreement

• Price: Seller to submit its best and final commercial offer in USD per metric ton

• Payment Terms: To be negotiated and mutually agreed upon in the final Sales and Purchase Agreement (SPA)

2. SELLER'S COMMERCIAL OFFER

Interested sellers are kindly requested to submit an official Soft Corporate Offer (SCO) containing the following information:

1. Best available CIF price per metric ton.

2. Available quantity and confirmation of the ability to supply 400,000 metric tons.

3. Loading port and proposed destination port options.

4. Country of origin and available product specifications.

5. Proposed shipment schedule and delivery timeline.

6. Proposed payment terms and transaction procedure.

7. Company registration documents and corporate profile.

8. Evidence of product availability and legal authority to sell or supply the product.

9. Available quality certificates and relevant inspection documentation.

10. Seller's standard Sales and Purchase Agreement (SPA), if available.

3. PROPOSED TRANSACTION PROCEDURE

Subject to satisfactory verification and mutual agreement, the proposed transaction shall proceed as follows:

1. Submission of the seller's official SCO.

2. Review of the commercial offer and relevant corporate documentation.

3. Verification of the seller's identity, authority, and product availability.

4. Negotiation and execution of the Sales and Purchase Agreement (SPA).

5. Agreement on payment arrangements and banking procedures.

6. Independent inspection, shipment, and delivery in accordance with the executed SPA.

4. BUYER'S DECLARATION

FALCON ENERGY LIMITED intends to establish direct commercial relationships with qualified and verifiable sellers, suppliers, and refineries. Our preference is for transparent, secure, and professionally documented transactions without unauthorized intermediaries.

We welcome official offers from companies capable of meeting the above product requirements and providing verifiable supporting documentation.

This Letter of Intent is issued solely to express our commercial interest and initiate negotiations. It is non-binding and does not constitute a final purchase commitment, payment guarantee, or obligation to conclude a transaction. Any binding obligations shall be subject to a definitive agreement signed by the parties.

We look forward to receiving your official SCO and best commercial quotation.

Yours faithfully,

For and on behalf of FALCON ENERGY LIMITED

Authorized Representative: Baraka Awad Al-Amin Mohammed

Position: Libya Branch Representative / Commercial Department