Subject: REQUEST : PROPOSAL K FACTOR VALUE // PRICE AGREEMENT // SPOT SALE - FOB // 1,9MBBLS - MEREY 16 CRUDE OIL // AUGUST 2022 // TONDAR SAHRA. From: CARLOS SUAREZ Date: 24/10/2022, 10:05 To: saharathunder , commerce@polestarmaritime.com, operation@polestarmaritime.co CC: ANTONIO PEREZ , ODOARDO BORDONES , COMERCIOCYR@PDVSA.COM, ARMANDO MARTINEZ , VICTOR ALFONSO ROMERO , JACKSON SUAREZ , MIGUEL PABON , YOLANDA DEL CARMEN JIMENEZ Dear Excllencies of TONDAR SAHRA, Please receive a cordial greeting from PETRÓLEOS DE VENEZUELA, S.A. We hereby confirm the receipt of your communication concerning the discount proposal to be applied to the sale of 1,900,000 barrels of Merey 16 crude oil, according to the terms and conditions agreed in RECAP # GCR-VO-D-22-109. Regarding the discount proposal submitted by TONDAR SAHRA, it is required that the same be adjusted to the range agreed by the parties which was established between -26.00 USD/BBL and -30.00 USD/BBL, in addition it is informed that the deadline to submit the proposal is next November 02, 2022. I am attentive to your prompt response. Carlos Suárez Crude and Residual Commercial General Management Team // PDVSA Trade and Supply. Direct Phone +58 212-706.64.37; Ext .76437. saharathunder 23/10/2022 04:11 a.m. Para cc , , Asunto Refence: 1401/60/05/3087/026 Date: 2022/10/23 Subject: Determining the Discount Factor (K) To: PDVSA Attention: His Excellency Colonel Antonio Jose Perez Suarez Dear Sir, With reference to the RECAP signed between PDVSA and Sahara Thunder and its Annex A (Price Negotiation) dated 10th AUG 2022 with the subject of Sale and Purchase of 2,000,000 barrels Merey 16 Crude Oil lifted by MT WON on 3rd SEP 2022, Sahara Thunder hereby provides the breakdown of all relevant cost and expenses for selling this cargo in the target market in order to determine the required Discount Factor (K) mentioned in Annex A. Item No. Description Cost (USD/BBL) 1 Discount to End Users in China - DDU Basis 35.00 2 Freight Cost from Venezuela to China 12.00 3 Management Fee 1.00 4 Documentation Fee, STS Cost, Shortage Value, Operation Cost 1.00 5 Storage Charges and Port Cost 1.00 TOTAL 50.00 Based on the breakdown provided in the above table, the required Discount Factor (K) is USD 50.00 per BBL. Bests TONDAR SAHRA P.S.: For this cargo please ONLY contract with below emails: commercial@saharathunder.com cc: commerce@polestarmaritime.co operation@polestarmaritime.co