BRAZILIAN SUGAR GROUP

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Warren McDonald
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1 Date of Issue: July 26, SOFT OFFER SUGAR ICUMSA 45 ORIGIN BRASIL VALID UNTIL JULY 2010 SULTAN EXPORT LTD. THE SELLER, DOES HEREBY STATE, IS READY, WILLING AND ABLE TO ENTER INTO CONTRACT TO OFFER UPON THE TERMS AND CONDITIONS SET OUT HEREIN. 1. SPECIFICATIONS PRODUCT: WHITE REFINED CANE SUGAR ICUMSA 45- SHALL CONFORM TO THE FOLLOWING SPECIFICATIONS AND/OR INTERNATIONAL STANDARD SPECIFICATIONS, FIT FOR HUMAN CONSUMPTION: ICUMSA: WHITE REFINED CANE SUGAR ICUMSA 45 SPECIFICATION: FIT FOR HUMAN CONSUMPTION POLARIZATION: 99,80% MINIMUM MOISTURE: 00,04% MAXIMUM SULPHATEASH 00,04% MAXIMUM CONTENT: GRANULATION: MEDIUM TO FINE SOLUBILITY: 100% DRY AND FREE FLOWING RADIATION: NORMAL W/O PRESENCE OF CESIUM OR IODINE, CERTIFIED COLOR: SPARKLING WHITE. MAXIMUM, 45 ICUMSA SEDIMENT: NONE SMELL: FREE OF ANY ODOR CROP: 2009/2010 PROCEEDING REDUCING SUGAR: 0,05% MAXIMUM BY WEIGHT SO2: 20 PPM MAXIMUM SUBSTANCE: SOKID, CRYSTAL MAGNETIC PARTICLES: MG/KG MAXIMUM MAX AS: 1 PPM MAX PS: 2 PPM MAX CU: 3 PPM HPN STAPH AUREUS: NIL FREE FROM: MOLD, ANNATURAL ODORS, CHEMICAL AND INSECTS POISINOUS: PHYTOSANITARY CERTIFICATE SEED HUSKS: OF NO RADIATION, NO VIRUS, INSECT PARTS, NO POISONOUS MATTER AND NON GENETIC AND IS SUITABLE FOR HUMAN CONSUMPTION

2 2. PRICE CIF: QTY(TON) METRIC TONES PER MONTH INTERNATIONAL PRICES No. MONTHS QTY SPOT USD SPOT USD SPOT USD SPOT USD SPOT USD USD USD USD USD USD USD PORT OF DISCHARGE: CIF ASWP 4. INSPECTION: BY SGS AT LOADING PORT AT SELLERS COST 5. SHIPMENT BY SHIPMENT: PAYMENT ISSUED OR CONFIRMED BY A TOP 25 TO 50 BANK. 6. PERFOMANCE BOND: TWO (2%) PERCENT TRANSFERABLE PERFORMANCE GUARANTEE VALUE ISSUED WITHIN TEN (10) INTERNATIONAL BANKING DAYS OF RECEIPT, CONFIRMATION, VERIFICATION AND ACCEPTANCE OF LETTER OF CREDIT ACCEPTABLE TO THE SELLER AND THE SELLER S BANK. AS SOON AS THE BUYER RECEIVES AND VERIFIES THE PRODUCT, THE GUARANTEE OF 2% OF THE PB, IS TRANSFERABLE AND RELEASED TO THE SELLER AT YOUR BANK. 7. ORIGIN: 100% BRASIL SOUTH AMERICA 8. TERMS OF DELIVERY 25 / 45 days after Seller s Bank acceptance of banking financial instrument issued by Buyer s Bank.

3 9. Payment Terms - CONTRACT DEAL Contract Guarantee: contract will be guaranteed by the emission of 1 (one) stand by letter of credit (SBLC), covering the value of the 02 (two) the last month delivery, issued by a top internationally rated bank; Shipments: shipments will be paid by MT103/23, within 5 (five) banking days of presentation of shipping documents at Buyer s bank; Procedure of work: 1. Buyer issues his official LOI (letter of intent), with full banking coordinates of his bank account and also issue the Soft Probe Authorization to verified funds on his account by the seller bank; 2. Seller, after receive LOI and SPA, issues Contract and send to Buyer for his signature, seal and stamp; 3. Within 3 (three) international banking days of receipt the Contract sign and sealed by the Seller, the Buyer s bank must issue and send by Swift MT 799 to the Seller s bank, in favor of the Seller the RWA( ready, willing and able) with the confirmation of funds and the readiness to issue the SBLC ( for the last month as guarantee till the end of the contract)and the MT103/23 for the payment of the deliveries of sugar; 4. Seller against receipt the RWA by Swift MT 799, describe on the point number 3, within 10 (ten) banking days will send to the Buyer s bank the Proof of Product (POP) to initiate this contract; 5. Within 3 (three) banking days of receipt the POP by the Seller s bank, Buyer s bank shall issue and send by Swift to the Seller s Bank the irrevocable, divisible, transferable, unconditionally, confirmed, non operative SBLC; plus the irrevocable, transferable, divisible, confirmed MT103/23, payable at sight at the counters of the seller s bank against presentation of shipping documents. This SBLC and the MT103/23 must be confirmed by a top 25/50 World Bank and payable by the Buyer s correspondent bank in USA; 6. Seller s Bank within 7 (seven) banking days after receive and authenticate the SBLC, will post the 2% (two percent) Performance Bond and the SBLC will become fully operative; 7. Physical deliveries of sugar will be paid within 5 (five) banking days against presentation of shipping documents at buyer s bank; 8. Shipping begins and vessels leave the port within 25 to 45 days of receive and confirm the SBLC at seller s bank;

4 10. Payment Terms - SPOT DEAL Buyer issue SBLC Standby Letter of Credit or DLC ( Documentary letter of Credit ), irrevocable, confirm, transferable, divisible, assignable, issued by a top 50 world bank, payable 100% at sight at counter of the seller s bank; Sellers bank will be able to withdraw the payment, after the presentation of the shipping documents (SGS + BL ) all bank charges + commissions at buyer s bank for buyers account. All bank charges + commissions at seller s bank for sellers account. Procedures to Work : 1 End Buyer issues his full LOI to the Seller and Soft Probe Authorization; 2 Seller issues its contract for Buyer acceptance, signature and return it to the Seller by ; 3 Within three (3) international banking days of receipt the Contract sign and sealed by the Seller, the Buyer s bank must issue and send by Swift MT 799, to the Seller s bank, in favor of the Seller the RWA (Annex 1) with the confirmation of funds and the readiness to issue the SBLC, for the payment of the deliveries of sugar; 4 Seller against receipt the RWA by Swift MT 799, describe on the point number 3, and within seven (7) banking days will send to the Buyer s bank the Proof of Product (POP) to initiate this contract; 5 Within 3 (three) banking days of receive the contract sign by the Seller, Buyer s bank shall issue and send by Swift to the Seller s Bank the irrevocable, divisible, transferable, unconditionally, confirmed, non operative SBLC or DLC, payable at sight at the counters of the seller s bank against presentation of shipping documents. This SBLC must be confirmed by a top 25/50 World Bank, and payable by the Buyer s correspondent bank in USA; 6 Seller s Bank within 7 (seven) banking days after receive and authenticate the SBLC, will post the 2% (two percent) Performance Bond and the SBLC will become fully operative; 7 The physical deliveries of sugar will be paid within 5 (five) banking days against presentation of shipping documents at buyer s bank by TT WIRE TRANSFER; 8 First shipment of sugar shall be loaded within 25 to 45 days, from the date of receipt, verification and authentication of Buyer s irrevocable, transferable, divisible, confirmed, operative SBLC or DLC;

6 Respectfully yours, VALIDITY: THIS SOFT CORPORATE OFFER IS VALID UNTIL JULY MUNIR SULTAN General Manager for Foreign Trade Sultan Export Ltd. CGC MF: / IE: 165/ Skype: M_Sultan_2010 Mobile: Phone:

Lanetrade LLC- P.O. Box Coral Gables- FL- USA-

Lanetrade LLC- P.O. Box Coral Gables- FL- USA- 1. SPECIFICATIONS PRODUCT: White Refined Sugar ICUMSA 45, shall conform with the following specifications and/or international standard specifications, fit for human consumption: ICUMSA: WHITE REFINED