Sugar ICUMSA 45 and CPRs Sugar

TYPE COMMODITY CPR (Sugar) ORIGIN Brazil TOTAL QUANTITY 50,000,000 MT (fifty million metric tones) DELIVERY FOB PAYMENT INSTRUMENT Payment by BG100% or FFDLC100%, to be made via electronics wire transfer in five days after confirmation, via Swift Buyer s Bank sends pay order as payment according contract on behalf of Seller for payment of asset. A CPR transfer: after receiving payments from Seller, transfer via bank to bank will initiate on behalf of buyer. PRICE USD $130 per MT COMMISSION USD $0.50 for all business facilitators involved PROCEDURES As the first step to follow, buyer must state his interest in this soft offer by an official confirmation. Afterwards, protection documents will be signed NCNDA, MFPA by all the parties taking part in this transaction. Once these documents are issued, procedure as described below will start. 1. Seller issues a Soft Offer 2. Buyer issues full Letter of Intent with details of enquiry, name of bankers and a soft probe authorization and RWA Letter (bank to bank by swift) and a Bank Comfort Letter. If preferred, an immediate bank to bank confirmation of funds versus ability to supply product can be made. 3. Seller issues a Full Corporate Offer to Buyer with full banking coordinates. 4. Seller s and Buyer s authorized companies and intermediates will sign NCND and draft IFPA & ICPO working agreements. 5. Within two banking days (after receipt RWA), Seller s Bank issues Swift MT 799 to Buyer s Bank confirming the existence and reserve for sale of USD $6,500,000, 000.00 in assets represented by 50,000,000 (fifty million) MT of CPR's of Brazilian sugar ICUMSA 45, with CETIP registration, Euroclear ISIN and CUSIP Codes, AAA Insurance and Re Insurance certificates; 6. Payment by BG100% or FFDLC100%, to be made via electronics wire transfer in five days after confirmation, via Swift Buyer s Bank sends pay order as payment according contract on behalf of Seller for payment of asset. A CPR transfer: after receiving payments from Seller, transfer via bank to bank will initiate on behalf of buyer 7. Buyer and Seller sign the contract; 8. Payment and Transfer of Assets Ownership initiate simultaneously to whomever Buyer indicates.