Global Companies LLC

Russell:
Here is a summary of the ownership chain of Global Companies LLC:

1. Its members are Global Petroleum Corp. ("GPC"), YPF Distribution Company
("YPF") and Montello Oil Corporation ("Montello"). From what they sent to
us, I could not tell the ownership percentages.

2. The affairs of Global are managed by a "Board of Governors" who are
selected by the members. Specifically, GPC and Montello collectively get to
choose 3 board members and YPF gets to choose 3 board members.

I your credit worksheet, you had specified as a "MAC" trigger if YPF, SA
fails to own at least 51% of Global Companies. Is this the same entity as
YPF Distribution Company? Do you want this as a MAC or as an Additional
Event of Default or Termination Event?

Carol