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Executive Summary MIDGARD Oil Hub LLC FZC Trading Platform (UAE) May 2019, Rev. 1.2

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Page 1: Executive Summary MIDGARD Oil Hub LLC FZC Trading Platform ...€¦ · MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC May 2019 5 In April 2019, MIDGARD Oil Hub LLC FZC has been formed

Executive SummaryMIDGARD Oil Hub LLC FZCTrading Platform (UAE)

May 2019, Rev. 1.2

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2May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Executive Summary „Trading Platform“ Table of Content

2| Brief Synopsis on History and Vision of MIDGARD Oil Hub LLC FZC

3| Key Parameters on Project

1| Starting Position & Objective

4| Next Steps

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3May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Starting Position & Objective

In Search of Funding for Trading Platform Project

Starting Point

• MIDGARD Holdings Ltd., a company incorporated underthe laws of Mauritius (Reg.No.: 115750, FSC License No.: C213020001) holds a 90% participating interest in MIDGARD Oil Hub LLC FZC, a company incorporated under the laws of Fujairah – UAE (Reg. No. 19-FZC-1912), through Mr. Thierry Catherine.

• MIDGARD Oil Hub LLC FZC (MOH) owns a petroleumproducts (Oil & Gas) trading license (license No. 4133), which entitles the company to act as an international trader.

• Our suppliers will be coming mainly from the Gulf Region and Russia, whilst their supplies will be exited to our clients in Asia and Africa.

• MIDGARD Holdings Ltd. as well as MIDGARD Oil Hub LLC FZC are free of any loans and up to now havebeen fully funded by its shareholders.

Objective

• As UAE is geopolitically the perfect location to buildand operate a trading platform.

• Upon request MIDGARD Oil Hub LLC FZC has been found as a new established company; despite the close links to the tank staorage and waste oil refinery project, it was found as a separate entity with own license.

• MIDGARD Oil Hub LLC FZC intends to become a principal & global player in the very near future.

• The principals have the according experience and network in the indusry to set-up and run such a project professionally.

• A brief synopsis on the key parameters of project isshown on the following pages(Executive Summary).

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4May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Fujairah is the perfect LocationFujairah is the basis for MOH LLC FZC

Why Fujairah?

Fujairah is the best location forMIDGARD Oil Hub LLC FZC as it serves the elements for successful trading operations:

• geopolitical location with shortdistances to the oil producers

• Fujairah is the world´s #2 bunkering hub

• Fujairah is a tax free zone

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5May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

In April 2019, MIDGARD Oil Hub LLC FZC has been formed as a private company based on shares incorporated in the Fujairah Free Zone (Registration No. 19-FZC-1912; License No. 4133), with its principal office registered in Fujairah (UAE).

The main activity of MIDGARD Oil Hub LLC FZC is the trading of crude oil and petroleum products.

While MIDGARD Oil Hub LLC FZC may (at the present time) be a junior company in the context of its physical presence, under the guidance of its first class trading personnel (who have a vast knowledge of the industry and who are extremely respected by their peers), MIDGARD Oil Hub LLC FZC is challenging its operations to become a reputable trading company and considerable player in the market within the next years.

Through its extensive network of contacts that spans the globe, MIDGARD Oil Hub LLC FZC has been able to align itself with the right corporate entities (who not only share in its vision) but to the overall objective of developing a First Class Trading Company.

In addition, MIDGARD Oil Hub LLC FZC has a vast network of connections in the industry on which it can immediately draw resources either to recruit the right expert to be posted on a long-term assignment or to be assigned duties on a consultancy basis.

Through its connections and vast knowledge of the oil & gas industry, MIDGARD Oil Hub LLC FZC can access to the most adequate and proper services in due time necessary to ongoing operations.

MIDGARD Oil Hub LLC FZC will succeed, because it has a strong knowledge base that is characterized by professionals who bring with them a wealth of experience from their chosen and specialized fields.

Couple the latter with a balanced and open minded approach to innovative ideas and new technologies and an indefatigable drive for success, and one has the makings of an Trading Company that will (in no time) place its own stamp in the industry.

Brief Synopsis on History and Vision

Start-up Trading Company shall become a reputable Player

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6May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Commercial License and Certificate of IncorporationMIDGARD Oil Hub LLC FZC

Mr. Thierry M.F.G. Catherine holds presently 90% of the shares for and on behalf of MIDGARD Holdings Ltd. (Mauritius), 10% are held by a local sponsor (Mr. Obaid R.H.K. Alyammahi)

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7May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

MIDGARD Oil Hub LLC FZC

Share Certificate

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8May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Bank Account with Abu Dhabi Islamic BankMIDGARD Oil Hub LLC FZC

Upon request an account has been opened with Abu Dhabi Islamic Bank (ADIB) branch in Fujairah (UAE).

Beneficiary Name: MIDGARD OIL HUB LLC FZC

AED current account : 18927469IBAN : AE980500000000018927469

USD current account : 18927470 IBAN : AE710500000000018927470

The signatory to the account is Mr. Thierry M.F.G. Catherine, CEO of MIDGARD OIL HUB LLC FZC

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9May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

• UAE is the best location for MIDAGRD Oil Hub LLC FZC as it serves the elements for successful trading operations(bunkering and waste oil refining supports the trading operations in best way):

− geopolitical location with short distances to the oil producers

− Fujairah is the world´s #2 largest bunkering hub (#1 Singapore, #3 Rotterdam)with more than 12 million m³ of bunkering capacities (+ petrochemcial storage)

− Fujairah is a tax free zone

− excellent market opportunities(domestic markets in UAE / Middle East + huge demand from African and Asian countries)

− International Banking Structures

• Aside from crude oil the petroleum products traded are Gasoline, Gasoil, Fuel Oil, Bitumen

• Potential partners/stakeholders for trades are as follows:

− Suppliers / Sellers (National Oil Corporations, Refineries, etc.), such as ADNOC, SOMO, Saudi Aramco

− Exit buyers (Governments, Traders, Refineries, Endusers, etc.), target market Asia - including China and Japan - and Africa(governmental oil corporations) Africa, local supply to companies like GPS Chemoil, Mabanaft, Aegean, ILFS

− Network partners (other traders like Trafigura, AOT Energy. bankers, etc.)

• the BC model is based on assumptions for quantities, margins and growth.

Background Information

UAE is the perfect location for such project

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10May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

• The trading can start immediately in 2019 as several contracts are already pending ready for execution.

• The trading desk will be structured by commodities, products and regions

• Offices in Fujairah, Dubai, Mauritius and Europe will be the base for the trading

• The operation will be done by MIDAGRD Oil Hub LLC FZC, the according qualified personnel will be recruited locally and internationally in due time.

Additional Information on Key Personel

Professional Set-up for Project

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11May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Key Personnel

Thierry M.F.G Catherine

Date of Birth: 21.12.1962 in Mauritius

Nationality: Mauritian

Mr. Thierry M.F.G. Catherine has a vast experience with reputable overseas companies in the oil and gas sector

as well as financial services.

Mr. Catherine has through a JV agreement with Hybrid Innovation GmbH, is the International Marketing Manager especially dealing with top Russian Companies in the Oil and Gas sector.

We hold various letters of reference from recognized international oil and gas players, attesting his capabilities as CEO of Midgard Holdings .

Mr. Catherine is also involved in the humanitarian actions through RAUN – Royal Academy of the United Nations and as President of the Chamber Inter Commerce of the Royal Academy of the United Nations - CICRAUN.

Mr. Catherine is also the Vice President for special projects - http://rcrcommodities.com/?page_id=1019 - of Recycled Refuse International Ltd of UK – https://www.rcrcommodities.com, a waste to Energy company. Conversion of all types of waste to Electricity and Ethanol production.

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12May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Date of Birth: 07.09.1965 in Munich

Nationality: German

University

1982 – 1987 Study of Economy at the Ludwig-Maximilians-University of Munich, Germany, degree Master of Business & Administration (MBO)

Profession

1998: Founder of macon, a management consultancy company

2000: Founder of PHOENIX OEL AG, an Oil & Gas company, mainly focusing on upstream E&P projects. PHOENIX was staffed by former top executives of major oil companies, such as Mr. Alain Bessiére, Jean-Michel Fonck, Dr. Hans Kind

PHOENIX OEL AG has signed a PSA in August 2001 for exploration and production of petroleum in the Democratic People´s Republic of Korea. Due to the political situation PHOENIX did decide not to proceed with the project for the time being. PHOENIX was working on the acquisition of petroleum assets in North Africa by renegotiation of an EPSA. PHOENIX has signed a JV agreement with ESSAR E&P Ltd. (part of ESSAR Group India) in 2007.

2015: Founder of combine Consulting, which forms the merger of two reputable German players within the Corporate Real Estate consultancy (www.combine–consulting.com)

Key Personnel

MBO Oliver A. Dittmar

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13May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Date of Birth: 16.03.1955 in Linz

Nationality: Austrian

University

1980 Master degree of Economics at University of Vienna (Magister rer.soz.oec. )

Profession

1980 – 1988: Shipping & Operations Manager, OMV Vienna

1988 – 1991: Trader, Crude Oil Supply

1991 – 2002: Trading Manager, Crude Oil Supply & Trading

2002 – 2004: Head of Feedstock Supply

2003 – 2004: Project Lead, “Biofuels”

2005 – 2008: Director Crude & Feedstock Supply; PETROM Bucharest

2008 – 2009: Sales Manager Oil Products (International Oil Companies)

2009: Project Lead, „Romanian Crude Logistics“

2010: Project Manager, „Crude Strategy OMV“

2011 – 2014: Head of Crude Management, OMV Vienna

2014 – 2017: Senior Group Expert, Refining & Petrochemical

Key Personnel

Mag. Erwin Mahr

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14May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

• The total funding volume required for the entire project would accumulate up to approx. US$ 150 million considering a moratorium period of 12 months based on a total project term of 15 years until complete refunding of initial loan.

• Upon official invitation a detailed personal presentation on the project can be held in Manamah (Kingdom of Bahrain) disclosing further commercial details (with a detailed business plan model including all fees for financing + Zakat, etc.).

• Subject to successful fund raizing the first trades could start within 2019.

Next Steps

Securing of Project in Q3/2019

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15May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Shareholding Structure

Overview on Group of Companies

D.I. Vermögensverwaltungs- und Beteiligungs GmbHManaging Partner:

Oliver A. DittmarRegistration No. HRB 215 240

GERMANY

MIDGARD Holdings Ltd.CEO:

Thierry M.F.G. CatherineRegistration No. 115750

FSC License No.: C213020001MAURITIUS

MIDGARD Oil Hub LLC FZCThierry CATHERINEObaid ALYAMMAHI

Registration No. 19-FZC-1912License No. 4133FUJAIRAH (UAE)

100%

THE BORROWER

TRADING & MANAGEMENT

MIDGARD OIL & GAS LLC FZCThierry CATHERINE

HH Sheikh Saif Al SharqiRegistration No. 19-FZC-1918

License No. 4139FUJAIRAH (UAE)

TANK FARM & REFINERY OPERATIONS

90%

90%

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16May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Proof of International Network in the Petroleum Industry

Reference Letters (1/2)

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17May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Proof of International Network in the Petroleum Industry

Reference Letters (2/2)

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18May 2019MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC

Contact Coordinates

Thank you for your kind consideration!

MIDGARD Oil Hub LLC FZC

Inc./Registration No.: 19-FZC-1912

License No.: 4133

Trading Offices: Office No. 5, Block B, P.O. Box 1133

Fujairah Freeport Zone – Phase II

Thierry M.F.G. CATHERINE (CEO)

Mobile UAE: +971 528052362Mobile UAE: +971 554835380Mobile Mauritius: +230 52567066

Skype: icitrade

eMail: [email protected]

MIDGARD Holdings Ltd.

Inc./Registration No.: 115750

FSC License No.: C213020001 / FSC Code: FS 4.2

3rd Floor Esplanade Building

Ebene City – 72201, Mauritius

Thierry M.F.G. CATHERINE (CEO)

Mobile UAE: +971 528052362Mobile UAE: +971 554835380Mobile Mauritius: +230 52567066

Skype: icitrade

eMail: [email protected]