Letter of Intent s7

BUYER’S LETTERHEAD

Febuary 7, 2015

To: End Seller c/o Sam Robles and Larry Fox Fox International Traders E-mail: [email protected] 1157 Countryside Lane Bloomington, Indiana 47403 http://www.foxinternationaltraders.com US Skype: larry.fox7 Phone: 812-332-4045

We, (end buyer) hereby state and represent that it is our intention to purchase, and we hereby confirm that we are ready, willing and able to purchase the following commodity as per the specification and in the quantity and for the price as specified in the terms and conditions as stated below.

This representation is made with full corporate authority and responsibility of the above. We understand that any and all offers and/or contracts are subject to successful seller verification of funds availability. We hereby give our permission for the seller to conduct a soft probe of our account as listed below.

COMMODITY: ICUMSA 45 WHITE, REFINED CANE SUGAR FIT FOR HUMAN CONSUMPTION ORIGIN: BRAZIL SPECIFICATIONS: SEE BELOW PACKING: 50 Kg Branded bags packed 1 / 1.5 / 2 MT in bulk in Jumbo sling bags placed in containers. QUANTITY: 12,500 MT x 12 months SHIPMENTS: 12 DESTINATION PORT: CONTRACT LENGTH: 12 months PRICE: CIF USD 345/MT (three hundred and forty five dollars) MT with Full BG or Full SBLC; price will vary with other payment options. ARDLC is also available, depending on what type of financing the Buyer can qualify for. INSPECTION: Quality, Quantity, Weight, by SGS or Equivalent

Payments and Guarantee Terms: Contract  Payment for the Guarantee: MT 103 or Letter of Credit DLC Irrevocable, transferable, assignable, divisible for each and every shipment, to be paid against presentation of shipping documents to the buyer’s bank.

 Guarantee: Prime World Bank SBLC model annex, or irrevocable BG (Bank Guarantee) format ICC 458 Top 25, operative transferable, 1 BUYER’S LETTERHEAD

divisible, irrevocable confirmed, the value of one month of the contract, or more as agreed between seller and buyer, valid until the end of the contract, or with other options prices, as noted below.

 Note: The 12-month Guarantee is paid monthly with either a MT 103 or DLC.

Payment Terms; Contract = Full Guarantee BG or SBLC

 Payment will be made in SBLC model to be sent, or BG operative format ICC 458, in favor of the seller, issued by Top 25 World Bank, available for the total value of the contract, valid for the entire period of the same duration, i.e., twelve (12) months.

 The buyer is free of monthly payments corresponding to monthly deliveries made by the seller.

 The last shipment delivery matches the liberation of the contract for the total agreed price.

 Instrument: Operative SBLC model to be sent in favor of the seller or, BG (Bank Guarantee) operative, irrevocable, unconditional, monetizable, format ICC 458.

Important Note: As per agreement between sellers and buyers the document shall be issued unconditionally by the buyers as guarantee, shall be free, as well as unencumbered by the PB (Performance Bond) and BL (Bill of Lading), and/or POP (Proof of Product), i.e., PB and POP will be issued by the Seller’s bank within 10 banking days to the buyer’s bank, after opening of SBLC or BG totally unconditional on behalf of the seller.

Procedures: 1. Buyer issues ICPO and BCL with Soft Probe permission.

2. Seller issues sale and purchase Draft Contract. Buyer signs, seals, and returns the contract; seller reviews it, signs it, and returns it to the buyer.

3. Seller and buyer exchange signed contract hard copies by express courier.

4. If Option 2, buyer’s bank issues operative SBLC or BG (Bank Guarantee), prime World Bank Top 25, free, irrevocable, confirmed, valid until the end

2 BUYER’S LETTERHEAD

of the contract, valid for the entire period of the same duration, i.e., twelve (12) months.

5. Within 10 working days, seller’s bank issues a 2% Performance Bond (Annual contract only, not Spot), and 15 days thereafter seller’s bank provides POP (Proof of Product) bank to bank. Note: The purpose of the PB is to cover the cost of the BG. 15 days after receiving the PB, the Buyer keeps the PB to do as he wishes; he can either use it to cover the cost of the PB, or he can buy an insurance bond to insure the entire 12- month transaction.

6. In 30/45 days, seller’s bank issues an invitation letter for inspection of SGS or similar inspection company through its bank, and BL (Bill of Lading).

7. Delivery starts as per contract terms and conditions.

Financial Instruments are as per UCP 600 Code and any revisions are as set by the International Chamber of Commerce (ICC). Any deviation from the above payment terms is subject to acceptance by the seller. Any divergence without the approval of the seller will not be allowed in the event that acceptance of the financial instrument is refused.

Specifications:  Polarization: 99.80% degrees min  Ash by electrical conduct: 0.04% max (on dry weight basis)  Ash content: 0.04 max  Moisture: 0.04% max  ICUMSA 45 RBU: Max (Brazil S.G.S scale)  Solubility: 100% dry and free flowing  Color: Sparkling white  ICUMSA Maximum 45 attenuation index units (ICUMSA method #.: 4- 1978)  Radiation: Within CS-137 of 50 BQ per kg  Granulation: Fine crystal  Crop: Latest  Magnetic particles: Mg/Kg 4 max  SO2 mg/kg 20 max  Sulfur Dioxide: 20 Mg/Kg min  Sediments: None  Smell: Typical and specific for sugar  Reducing sugar: 0.05% Max by weight  HPN Staph Aureus not detected in 1 gram  Maximum AS: 1 P.P.M.  Maximum PB: 1 P.P.M.

 Maximum CU: 3 P.P.M.  Substance: Solid Crystal  Tolerance: 5% (+/-)  Fit for human consumption  Crop: 2013/2014 Chemicals and insects: No radiation, no virus, no insect parts, no poisonous matter. Product is non-genetic and is suitable for human consumption.

Documents: Commercial Invoice # Bill of Lading # Inspection Certificate by SGS # Weight quality and issued by SGS # Certificate of Origin # Packing list in triplicate # Phytosanitary certificate # Fumigation certificate # Radiation free certificate # Insurance certificate

BUYER’S BANK COORDINATES: BANK NAME: BANK BRANCH ADDRESS: BANK OFFICER NAME AND TITLE: BANK OFFICER’S EMAIL: BANK OFFICER’S PHONE: BANK OFFICER’S FAX: ACCOUNT NAME: ACCOUNT SIGNATORY NAME AND TITLE: ACCOUNT NUMBER: SWIFT CODE: BANK ROUTING NO.:

BUYER: NAME: COMPANY NAME: POSITION: PHYSICAL ADDRESS: PHONE: MOBILE PHONE: EMAIL: PASSPORT NUMBER, AND ISSUE AND EXPIRY DATE: DATE: AUTHORIZED SIGNATURE AND SEAL: