Document:

Domestic Crude Oil Purchase/Sale Agreement

 Exhibit 10.13 
 26 January 2009 
 DOMESTIC CRUDE OIL PURCHASE/SALE AGREEMENT

 TÜRKİYE PETROL RAFİNERİLERİ A.Ş. (TÜPRAŞ) and PETROLEUM EXPLORATION MEDITERRANEAN INT.
PTY. LTD (PEMI) do hereby agree on the purchase and sale of the crude oil produced within the territories of Turkey (Domestic Crude Oil), on the general terms and conditions stipulated hereinbelow. 

1. SUBJECT 
 This agreement sets
the procedures and conditions about the delivery and sale of the Domestic Crude Oil to occur at the Botaş / Dörtyol plant. 
 2.
SELLER 
 PETROLEUM EXPLORATION MEDITERRANEAN INT.PTY.LTD 
 3. BUYER 
 TÜPRAŞ, TÜRKİYE PETROL RAFİNERİLERİ
A.Ş. 
 4. DEFINITIONS 
 4.1. API GRAVITY 
 A special function of the specific gravity at 60
degrees F, expressed with the following formula. 
 API Gravity (60 degrees F) = (141.5/Specific Gravity @ 60 degrees F) –
131.5 
 4.2. BARREL FACTOR 
 Expression in terms of barrels of one metric ton of crude oil of a certain API (60 degrees F) (barrels/ton) 
 4.3. NET QUANTITY 
 The net crude oil quantity remaining after
deduction of the bottom sediments, unbound water, suspended water, and sediments (S+W) 
 4.4. S+W (Sediment and
Water) 
 The suspended water and sediments in the crude oil determined as per ASTM–D473 and ASTM-D4377. 

4.5. ASTM (American Society for Testing and Materials) 

International standard. 

5. TERM OF AGREEMENT 
 This
agreement shall become effective on the date of signature, and remain in force for a term of 1 (One) year. Unless terminated by either party giving prior notice, in writing, 30 days in advance of the end of such term, the agreement shall be extended
for further terms of 1 (one) year each, on the same terms and conditions. 

  
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 6. QUANTITY 
 SELLER shall communicate to the BUYER in October each year the estimated production quantity and places of delivery for the next year. 
 7. DELIVERY PLACE, DELIVERY FORM, QUALITY AND MEASUREMENTS 
 During the term of this
Agreement, SELLER agrees to supply the BUYER with, and BUYER agrees to purchase the crude oil to be delivered on FOB basis by the SELLER at its BOTAŞ/Batman tanks and at BOTAŞ/Dörtyol. 

SELLER shall deliver the crude oil to the BUYER in a settled, and foam and gas-free condition. The water and sediment content (S+W) in the crude oil
to be delivered shall not be more than 1%, and the salt content shall not be more than 100 lb/1000 barrels. Gravity of the crude oil to be delivered by the SELLER to the BUYER at the BOTAŞ/Batman tanks shall not have an API gravity exceeding
19.0. 
 Furthermore, the SELLER shall extend any necessary cooperation in respect of the discharge of the crude oil with a sulphur content of
less than 1% into the tanks containing the same sulphur-grade crude oil at the Pirinçlik/DİYARBAKIR pumping station of BOTAŞ. 

Measurements to be performed shall satisfy the latest editions of the ASTM standards, and the tables of the same standards shall be used in temperature
and volume corrections. Basic quantities for bills of lading and invoices shall be the net quantities, excluding the water and sediments. 
 The
basic quantity of the crude oil purchased at the BOTAŞ/Batman tanks shall be the quantity calculated at the BOTAŞ/Batman tanks, and the delivery shall occur upon agreement of the representatives of the parties. 

For any quantity and quality discrepancies to arise at the Batman Refinery tanks, the parties shall meet, in presence of BOTAŞ as well, to resolve
the problem by negotiation. 
 Title of the product shall pass to the BUYER as of the product has left the loading arm at the FOB (Free On
Board) BOTAŞ/Dörtyol delivery thereof. 
 Both parties shall be entitled to cause their respective inspectors or representatives to
attend the measurements. 
 8. PRICING 
 Price of the crude oil delivered at Dörtyol and Batman hereunder shall be determined in accordance with the pricing formula provided in Section 10 “Price Formation” of the “Oil
Market Law” No. 5015 dated 04 December 2003. 
 Any amendments to the above-mentioned Law shall be reflected “as is” in
the pricing article as of the effective date of such amendment. 
 9. PAYMENT 

The market price calculation of the deliveries made within a calendar month shall be indicated by the SELLER individually. The cost of
the crude oil received within the current month with the bill of lading shall be paid by the BUYER against the invoice to be submitted within the first 10 days of the following month, on the
15th calendar day of the following month for the
deliveries at Batman Refinery, and on the 30th calendar
day of the following month (on the last business day in the case of February) for the deliveries at Dörtyol. If any such date coincides with a holiday, then the payment shall be made on the next business day. Any invoice payments past due shall
be subject to a late fine on the legal interest rate of the Turkish Central Bank. 

  
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 10. FORCE MAJEURE 
 Neither party shall be liable for its failure in fulfilling its obligations as a result of any event of force majeure. However, the affected party shall provide the other party with evidence of the reason
of the force majeure event within 15 days. 
 11. DISPUTES 
 Any disputes to arise from the implementation of this Agreement shall be settled amicably between the parties. However, if no such amicable settlement can be achieved, then the Courts and Execution
Offices of KÖRFEZ shall have jurisdiction to resolve the disputes. Besides, any disagreement in respect of the price of domestically produced crude oil shall be resolved within the framework of Article 14 of the “Regulations on the Oil
Market Pricing System” published by the Energy Market Regulatory Authority on 14 October 2008. 
 12. CHARGES

 All kinds of taxes, duties, fees, stamp duties, notarial charges, and other legal payments to arise from the execution and
implementation hereof shall be borne by the SELLER. The stamp duty for the agreement shall be paid by the BUYER, and deducted from the first payment to be made to the SELLER. 
 13. AMENDMENT TO THE ARTICLES OF THE AGREEMENT 
 Amendment to any one of the articles
hereof shall only be valid upon mutual written consent of the competent authorities of the parties. 
 14. NOTIFICATIONS

 All kinds of notification in connection herewith shall be sent to the addresses of legal domicile of the parties given below. Any
changes in any of such addresses shall be notified to the other party in writing within 10 days. 
 15. ADDRESSES 

 

			
	 TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

KÖRFEZ / KOCAELİ

P.K. 211-212, TR-41002 KOCAELİ
	  	/s/ Hasan Tan
		
	 “PETROLEUM EXPLORATION MEDITERRANEAN INT.PTY.LTD”

KEMERALTI CAD.KARAKÖY TİCARET MERKEZİ
 NO: 24, KAT: 7, TR-34425 KARAKÖY
	  	/s/ Yavuz Erkut

  

			
	/s/ Suha Okul	  	
	 PETROLEUM EXPLORATION
 MEDITERRANEAN INT.PTY.LTD
	  	 TÜPRAŞ
 TÜRKİYE PETROL RAFİNERİLERİ A.Ş.

  
 3Domestic Crude Oil Swap Agreement

 Exhibti 10.14 
 DOMESTIC CRUDE OIL SWAP AGREEMENT (“Agreement”) 
 On one side Türkiye
Petrolleri A.O. (here in after referred as’ TPAO) and on the other side PETROLEUM EXPLORATION MEDITERRANEAN INT. PTY. LTD. (here in after referred as PEMI) agreed under the following terms and conditions. 

INFORMATION ON PARTIES 
 Legal notice
address of TPAO is : Söğütözü Mah. 2.Cadde No:86 Pk: 06100 
 ÇANKAYA/ANKARA Tel no: 0 312 2072000 Faks no: 0 312
2869017 
 Legal notice address of PEMI is: 
 Akmerkez B-Blok, Kat 5-6 Nispetiye Caddesi 
 34330 Etiler/istanbul 

Tel no: 0 212 3172500 
 Faks no: 0 212 3172599

 Both parties accepted their above mentioned addresses as legal notice address. Notices sent to the last declared address shall be deemed to
be made to the related party, unless the address change is properly declared to the other party. 
 Parties may forward their notices by using
courier, fax or electronic mail, as long as they forward the written notice within the designated time period. 
 SUBJECT OF THE AGREEMENT

 This Agreement made between TPAO and PEMI; deals with the receipt of Crude Oil produced at PEMI’s Şelmo field, at Bati Raman AP2
Station Storage Tanks, where water will be extracted and the Crude Oil will be mixed with TPAO crude oil. The net Amount of crude oil may be delivered to the Batman TÜPRAŞ Refinery on behalf of PEMI but if the Batman TÜPRAŞ
Refinery is not operating the Crude Oil will be transported on behalf of PEMİ from the BOTAŞ Batman terminal to the BOTAŞ Terminal at Dörtyol for loading on a sea tanker. 
 3-AGREEMENT 
 The term of this Agreement is 1 (one) year. This Agreement will be extended
with the same conditions for a term of 1 (one) year each time, until either of the parties sends a 30 days prior written termination notice. 

4-DEFINITIONS 
 4.1 API GRAVITY: API
gravity is a special function of Specific Gravity at 60 degrees Fahrenheit temperature and is explained with the following formula, 
 API
Gravity (60 degrees Fahrenheit) = 141.5 / Specific Gravity (60 degrees Fahrenheit)-131.5 API gravity is determined according to ASTM-D-287-92 standard. 
 4.2 –CRUDE OIL means the crude oil which is produced by PEMI from the Şelmo oil field. 
 4.3- NET AMOUNT: Means net amount of Crude Oil left after the deduction of basic sediment and water (BS+W) and volume corrections for temperature and 0,3% for pipeline losses.

 4.4- BS+W (Basic Sediment and Water): means sediment and water in Crude Oil determined according
to ASTM-D-4007-02 standard. 
 4.5- OFF-LOADING: is defined in Article 6 below. 
 4.6-CRUDE OIL OFF-LOADING RECORDS: 
 means the written statements relating to the

 crude oil offloaded at AP2 as described in Article 6. 
 4.7 SAMPLING 
 Extracting liquid from the Crude Oil Storage Tanks according to
ASTM-D-5854-96 standard 
 4.8 VOLUME CORRECTION: means volume correction of Crude Oil from the Storage Tanks according to ASTM-D-1250-80
standard 
 4.9- ASTM for Testing and materials accepted worldwide American standart organization. 

4.10- BATMAN-DORTYOL FEE: Crude oil transportation fee announced at Batman-Dörtyol Pipeline Fee Tariff, which is annually approved by
Energy Markets Regulation Agency (EMRA). 
 4.11 -ROYALTY: means the royalty due to be paid to the State on the production of
Crude Oil calculated according to the Petroleum Law, which may be paid in kind or on a monetary basis. 
 4.12 STORAGE TANKS :means the
tanks belonging to located at the Bati Raman Field AP2 Station which crude oil shall be stored until delivery to BOTAŞ. 

4.13-TRANSPORT CONTRACTOR: means the transportation company, contracted by PEMI to transport its crude oil via road tankers. 

4.14-SEA TANKERS: means any sea tanker which is loaded with crude oil at the Dörtyol Terminal 

4.15-TANKER(S): means any of or all of the road tankers belonging to the Transport Contractor 

4.16-INSURANCE: means that the Insurance made by TPAO to cover all risks for the transportation to Dörtyol and transfer to Batman Refinery

 4.17 API VARIATION Calculated according to Petroleum Market Law numbered 5015 Article 10. 

5-SPECIFICATIONS OF PURCHASED CRUDE OIL 

Crude Oil shall be delivered under settled conditions, free of foam and gas. BS+W content shall not exceed 2%. 

 6-OFF-LOADING PLACE,PROCEDURE AND MEASUREMENTS 

Off-loading of the Crude Oil by TPAO shall commence when the crude oil in the tankers has been checked and the Tankers have been connected to the storage
tanks, off loading will be completed when the connection is removed from the storage tanks. PEMI will be responsible of any loss that occurs prior to the start of off-loading by TPAO. 
 After the delivery of the crude at AP2 is documented TPAO shall be responsible for the storage and transportation. TPAO will carry out all measurements related to Crude Oil, determination of the amount,
API gravity, sampling, determination of BS+W and Volume Corrections for the temperature of Crude Oil according to ASTM standards. PEMI may have a representative present during the Off-loading of the Crdue Oil and during the determination of the
opening and closing of the Storage Tanks. These shall be recorded with a statement after the consensus of parties. Daily opening and closing of the Storage Tanks shall be determined and recorded on a document which is signed by both parties. Any
product delivered other than Crude Oil will not be accepted for Off-loading. When PEMI does not have any representatives at Bati Raman AP2 Station TPAO shall be responsible for the Off-loading and measuring of crude and PEMI shall accept these as
being correct. 
 Parties who are responsible for carrying out any Off-loading operations, shall ensure that everybody involved in these
operations obey all the safety rules. 
 All personnel who are involved in Off-loading shall have proper training and be familiar with and shall
apply the correct procedures 
 7-OFF LOADING AMOUNT 
 Each year on January, PEMI shall inform TPAO about its estimated monthly production for the year. PEMI shall not be obliged to meet the submitted estimated monthly production amount. But, PEMI shall,
within a week, inform TPAO of any changes of the Crude Oil amount to be delivered due to any reason. 
 Total Off-loading Amount = Net Amount of
Crude Oil off-loaded by PEMI—(less) PEMI’s Royalty amount 
 8-ROYALTY 
 PEMI shall, in line with the existing legislation, calculate and inform GDPA of the due amount of Royalty oil due to be paid to the state from Crude Oil production. The amount declared by
PEMI shall be received on behalf of the State in kind by TPAO at Storage Tanks. 
 On the royalty statement submitted to GDPA, to calculate the
well head prices PEMI shall take into account the Tanker transportation cost between Selmo and AP2. However the cost of the transportation of the net amount of Royalty Crude Oil will be charged to TPAO. At the month following the delivery, PEMI
shall submit Royalty transportation cost with an invoice to TPAO. This payment shall be collected from TPAO within 5 business days following the submission of the original invoice. 

 9-DELIVERY OF CRUDE OIL 
 TPAO and PEMI shall determine the amount and average API value per barrel of the Crude Oil off-loaded to Storage Tanks at AP2 station in each off-loading month according to ASTM standards and this
information shall be recorded in the Crude Oil off-loading records. TPAO shall deliver the Crude Oil to the Batman TÜPRAŞ Refinery or if it is not operating it shall deliver the Crude Oil to the TÜPRAŞ on sea tanker at
Dörtyol BOTAŞ terminal. The parties accept that Crude Oil will be delivered to Batman TÜPRAŞ Refinery and/or loaded to sea tanker at Dörtyol terminal at the month following the off-loading 

10-PAYMENTS FOR API AND SWAP ARRANGEMENT 

TPAO shall deliver Net Delivery Amount received at Bati Raman AP2 Station to TUPRAS at Batman Tüpraş Refinery and/or Dörtyol on behalf of
PEMI, and shall demand payment for delivery on the basis of the Batman-Dörtyol transfer tariff and US cents 40/bbl (excluding VAT) fee covering weighing of the road tanker at AP2 station, sample analysis, off-loading the road tanker, allocation
of Storage Tanks and transportation of Crude Oil to Batman BOTAS and this payment shall be referred to as the “Process Price”. The gravity of crude oil carried at BOTAS pipeline will be taken into account for the calculation of Process Fee
but the discount for crude oil with gravity higher than 32 API shall not be applied. This cost shall be submitted to PEMI with a TPAO invoice at the month following off-loading. PEMI shall pay TPAO the process price within 5 business days
following the submission of the original invoice 
 At the month following the delivery to TUPRAS, PEMI shall submit an invoice for “The
API Variation” to TPAO for the API difference between AP2 station and delivery to TÜPRAŞ. TPAO shall pay PEMI the value of invoice within 5 business days following the submission of the original invoice issued by PEMI to TPAO. The
basis for calculating the invoices [for this and any related agreements] shall be the Total Crude Oil Off-loading Record for the month of delivery at AP2. 
 Parties agreed on the delivery of “Arpatepe” crude oil at AP2 station and will conduct a study in this regard 
 Invoices shall be produced according to the USD exchange rates of the Turkish Central Bank. 
 In
case of late payment of invoices legal interest rate will be applied for each day of delay. 
 11-INSURANCE PRICE : PEMI shall pay 3% of
the insurance amount paid by TPAO to cover transportation of crude oil by BOTAŞ, within 15 days of production the invoice by TPAO. 
 In
case of late payment of invoices legal interest rate will be applied for the each late day. 
 12-FORCE MAJEURE 

The obligations of each of the parties under this Agreement, excluding the obligations to make payments of money, shall be suspended during the period
that such party is prevented or hindered from complying with their obligations by Force Majeure. At such event, such party shall give notice of suspension as soon as reasonably possible to the other party stating the date

 
and extent of such suspension and the cause thereof. Any of the parties whose obligations have been suspended as aforesaid shall resume the performance of such obligations as soon as reasonably
possible after the removal of the cause and shall so notify the other party. 
 “Force Majeure” means any cause beyond the reasonable
control of such party including but without prejudice to the generality of the foregoing civil disturbances, terrorist activities, acts of God, unavoidable accident, acts of war or conditions arising out of or attributable to war, military action
(declared or undeclared) strikes, lock—outs, labor disputes and change of Laws, provided that a lack of funds shall not constitute “Force Majeure”. 
 13- ANNOUNCEMENTS AND CONFIDENTIALITY 
 No announcements or public statements shall be made
on any matter related to this Agreement or operations covered under this and any other agreement between the parties without receiving the prior written consent of parties, or except as required by law or the rules of any stock exchange on which one
of the parties or a holding company of a parties shares are quoted. 
 All documents which are confidential to the parties shall remain so and
each party shall maintain confidentiality with respect to documents in its possession belonging to other party. 
 14-TERMINATION OF
AGREEMENT 
 Parties may terminate this Agreement 3 (three) months from the date of any written notice sent to the addresses mentioned in
Article 1. 
 15-DISPUTES 

Disputes arising out of the application of this Agreement shall be settled amicably based on the Turkish text. If no settlement is reached, Ankara courts
and execution offices shall be authorized to settle disputes 
 16- TAXES STAMP DUTIES AND FEES 

PEMI shall bear all the taxes, stamp duties and fees that may arise in line with this Agreement 
 17-AMENDMENT OF ARTICLES OF AGREMENT 
 The amendment of any of the articles of this
Agreement shall be through the reciprocal written acceptances of the authorized representatives of both parties. 
 18-NOTICES

 All the notices in line with this Agreement shall be sent to the legal notice addresses of the parties written in the Article 1. Any
changes in these addresses shall be forwarded to the other party with a written statement within 10 days. In case the change is not notified during that period, notices send to the registered address shall be deemed valid. 

 19-ISSUES NOT COVERED BY AGREEMENT 
 On the issues for which this Agreement and its annexes are silent, Petroleum Law, Petroleum Markets Law shall be referred according to the relevance; in case those laws are silent too related legislation
shall be taken into account. 
 20-TERMINATION OF PAST AGREEMENTS 
 Upon the signing of this Agreement the Old Crude Oil Sales Agreement dated 01.01.2009 shall be terminated and shall have no further force and effect. 

21-EFFECTIVE DATE 
 This Agreement is
prepared as two copies, one which shall be kept by each party, and shall become effective on 01.01.2010. 
 This Agreement consists of
twenty-one Articles 
  

					
	TPAO	 		 	PEMI
			
	/s/ Ali Tirek	 		 	/s/ Suha Okul
			
	/s/ Ahmet Adanir

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