TO: John Doe ABC Company 555 555 6789
DEAL ID:    123456789
BROKER:    SAMPLE BROKER COMPANY
COMMENTS:    ZZZ
We hereby confirm that, acting as agent on your instructions, we have arranged the following deal on your behalf:

TRADE DATE: SEPTEMBER 28, 2020 11:25:35 AM GMT
TRADE TYPE: ONLINE
COMMODITY TYPE: FUEL OIL 1% NY HARBOR CARGOES VS BRENT 1ST LINE
QUANTITY PER DETERMINATION PERIOD: 0 BBL MONTHLY
TOTAL QUANTITY: 0 BBL
FIXED PRICE PAYOR: SALLY SMITH, XYZ COMPANY    555 555 1234
FLOATING PRICE PAYOR: JOHN DOE, ABC COMPANY    555 555 6789
STRIP: XXX20
EFFECTIVE DATE: SEP 28, 2020
TERMINATION DATE: SEP 28, 2020
FIXED PRICE: 0.00 USD / BBL
DETERMINATION PERIODS: MONTHLY TRADING PERIOD(S) COMMENCING WITH THE EFFECTIVE DATE AND ENDING ON THE TERMINATION DATE.
FLOATING PRICE (A): TO BE BASED ON THE MEAN OF THE ARITHMETIC AVERAGE OF THE RELEVANT HIGH AND LOW QUOTATIONS APPEARING IN "PLATT'S US MARKETSCAN" UNDER THE HEADING "ATLANTIC COAST NEW YORK" SUBHEADING "RESIDUAL FUEL ($/BBL)" FOR "NO. 6 1%" QUOTATION FOR EACH DETERMINATION PERIOD.
FLOATING PRICE (B): TO BE BASED ON THE AVERAGE OF THE SETTLEMENT PRICE(S) ON ICE FUTURES EUROPE FOR THE 1ST LINE ICE BRENT FUTURES CONTRACT FOR EACH DETERMINATION PERIOD.
FINAL FLOATING PRICE: FLOATING PRICE (A) MINUS FLOATING PRICE (B).
COMMON PRICING: IS NOT IN EFFECT FOR THIS TRADE
ROLL ADJUST PROVISION: IN ORDER TO USE THE CORRECT FLOATING PRICE QUOTATIONS, THE NEARBY MONTH QUOTATION FOR ICE BRENT FUTURES SPECIFIED IN THE FLOATING PRICE TERMS ABOVE WILL BE USED EXCEPT FOR THE EXPIRATION DATE OF THE COMMODITY'S UNDERLYING DELIVERY MONTH'S FUTURES CONTRACT. ON SUCH DATE, THE APPLICABLE PRICING QUOTATION WILL BE ROLLED TO THE FOLLOWING MONTH'S FUTURES CONTRACT.
SETTLEMENT: CASH SETTLED IN USD
SETTLEMENT DATES: FIRST BUSINESS DAY FOLLOWING THE DETERMINATION PERIOD.
PAYMENT DATES: FIVE (5) BUSINESS DAYS AFTER EACH SETTLEMENT DATE VIA WIRE TRANSFER OF FEDERAL FUNDS.
OTHER TERMS: TO BE CONFIRMED DIRECTLY BETWEEN THE ABOVE PARTIES IN THEIR FULL FORM OF CONTRACT. TERMS OF ANY MASTER AGREEMENT (S) BETWEEN THE TWO COUNTERPARTIES TAKE PRECEDENCE OVER THE TERMS OF THIS CONFIRMATION.
SEF TERMS: THE TRANSACTION WILL INCORPORATE AND BE SUBJECT TO THE TERMS OF THE REFERENCED ISDA COMMODITY DERIVATIVES DEFINITIONS, AS AMENDED AND SUPPLEMENTED AS OF THE DATE HEREOF, ANY APPLICABLE PUBLISHED STANDARD TERMS SUPPLEMENT AS OF THE DATE HEREOF FOR THE RELEVANT TRANSACTION TYPE AND REFERENCE ENTITY, AND ANY APPLICABLE MASTER AGREEMENT (INCLUDING ANY CREDIT SUPPORT ARRANGEMENT) BETWEEN THE PARTIES. FOR THE AVOIDANCE OF DOUBT, THIS CONFIRMATION LEGALLY SUPERSEDES ANY CONTRADICTORY TERMS FOUND IN ANY FREESTANDING NEGOTIATED AGREEMENTS THAT THE PARTIES MAY HAVE ENTERED INTO RELATING TO THIS TRANSACTION OR TO TRANSACTIONS GENERALLY.

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