AZAD

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THE COMPANY

The word of the company director

AZAD’s long-term success is founded on our ability to conduct our business activities and transactions with the highest level of integrity and ethical standards, and in compliance with all applicable laws, rules, and regulations. Whatever your position is at AZAD, our Company, stockholders, and creditors depend on you to perform your duties to the highest standards of ethics and judgment. The attached Code of Conduct does not cover every issue that may arise, but it is an important resource that sets forth the core principles that govern all Reliance employees and how we do business. I ask that you read and understand the Code of Conduct and comply with any specific policies and practices that apply to your job. If you have any questions, please contact your supervisor or our General Counsel. Our history is the key to writing the story of our future. We strive to be the market leader, committed to setting industry leading standards in all measures of business performance and customer service. We encourage all of our employees to exhibit the highest levels of personal integrity, teamwork, and appreciation for our diverse individual and company cultures. We believe in always treating people fairly, whether employee, supplier, service provider, or customer, while always looking for ways to improve our service and contribution to the communities in which we live and work. Our daily behavior shapes AZAD’s reputation and value as an employer, a valued member of the community, and a responsible corporate citizen. We believe our people and diversity are the foundation of our success and we are committed to doing the right thing. Both what you do and how you do it are critical to our collective success. Sincerely,

Ali Emmaima
CEO & President Of AZAD ENERGY

Employee code of conduct

WHO MST COMPLY WITH THIS CODE OF CONDUCT

Everyone at all levels of AZAD Oil Services Co. and its subsidiaries (“AZAD” or the “Company”) has an obligation to know and follow this Code of Conduct (the “Code”), including: WHO MST COMPLY WITH THIS CODE OF CONDUCT • All members of the AZAD Board of Directors. • All employees and officers of the AZAD Family of Companies In addition to governing conduct by employees, this Code governs conduct between employees and customers, competitors, and the numerous business providers (including suppliers, service providers, vendors, contractors, and agents) who assist AZAD every day. Because we want our business providers, customers, and investors to understand how we do business and what they can expect of us, this Code appears on the AZAD website and is available to the public. To reaffirm their commitment to AZAD’s corporate values, AZAD requires that all employees signand acknowledge this Code of Conduct at least once every two years. If you are a manager or supervisor, you are responsible for leading by example and making sure your employees understand and comply with the Code.

Our Company Values

We believe that leadership is a team effort built upon the mutual respect and fair treatment of employees, customers, and suppliers along with strong community relationships, all developed through honesty and accountability. By demonstrating integrity, humility, and trustworthiness our companies stand apart from our peers and make positive impacts in our communities. Everyone in the organization has the opportunity to lead by example: showing respect in all interactions, taking responsibility for their own actions, inspiring trust through honesty, and contributing to the success of our company.

LEADERSHIP

We have a personal and professional commitment to protecting the health and safety of our employees, customers, suppliers, service providers and the people in the communities in which we operate. we believe that one person can make a difference, but that ongoing success requires a diverse team of dedicated people and companies working together to make a significant difference. Both the individual and combined strengths of our Family of Companies make Reliance the industry leader.

PEOPLE

Our aim is to deliver value to our customers by providing the highest service levels possible. We deliver what we promise when we promise it, while always striving to improve and exceed customer expectations. Serving customers the right way is the only way we operate. Our customers, no matter their size, end market, or unique supply requirements, will never receive less than our absolute best effort to deliver excellence on all measures of quality and service. We strive to always be flexible and agile in servicing our customers’ needs.

SERVICE

We value diversity in our people, products, and services. Reliance is rooted in the unique and diverse cultures within our Family of Companies. This diversity of skills, services, knowledge, and ideas is cultivated to generate new solutions and processing capabilities that enable us to adapt, innovate, and rapidly respond to the evolving and precise needs of our customers. We also continue to focus on what we do well, where we do it best, and maintaining a strong local presence in our markets. We maintain our unique company culture and core values despite external pressures

DIVERSITY

We expect our employees to conduct themselves with honesty and integrity in all of their dealings with customers, suppliers, service providers, and the people in the communities in which we operate. Our responsibility and accountability to stockholders requires a diligent commitment to excellence and ethical business practices, ensuring sustainable profitability. Committed to honesty and fair dealings, we set the highest standards for business practices, adhere to applicable regulations, give back to our communities, and ensure a safe and productive workplace for our employees.

INTEGRITY

Success is grounded in loyal and trusting partnerships with our customers, suppliers, and communities. Building and maintaining strong relationships is critical to the way we operate and it is our goal to always develop and respect collaborative partnerships. Partnership means being committed to fair and trustworthy relationships with our customers, suppliers, and communities so they may be the best they can be