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Charter Oll Companyd 208 Laura Street - Post Office Box 4726 jackson/tle. Florrda 32201 Telephone 904-358-4395 : Telex 56- 8415 August 1979 Billy Carter Americus, Georgia. Dear Billy: crude which we would purchase on contract due to your cfforts. This would be a contract separate and apart from our existing contract with Brega Marketing now in effect. Brega Marketing is the marketing arm of National Oil Corporation (Noc) of Libya.. During these times of short crude supply we, Charter Crude Oil Company, would agree to. pay $.55 (fifty-five cents) per barrel on all barrels lifted as t"result"of your efforts. As the market and supply change then this fee wouid change with the lower limit being $.04- (four-cents),cS per barrel. We would agree to meet periodically to review conditions Foe and price, and either party could at any time request a meeting though one was not scheduled.. It is my understanding that the anticipated volume would be approximately l00,000 B/D. 'It is our intent as I'm sure it is yours, that any agreement we enter into would be fair and equitable for both parties.. It was certainly a pleasure meeting with you, your family and Randy Coleman. I trust this meets with your approval and is in agreement with your understanding in accordance with our meeting of Friday, August 17, 1979. Looking forward to our next meeting and wish you much success during your tri? to Libye. Sincerely, I. President Charter Crude Oil Co LIN:jb