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Mello Commodity is a Brazilian agency for marketing and sales of commodities and agricultural
products. We represent six sellers that together hold preferred quotas in 36 sugar mills.

Our offices are located in Sao Paulo, Rio de Janeiro, Minas Gerais and USA. Our representation
agreement ensures us from paying commission and does not allow the practice of Over Price, so
trading will only proceed if you are the final buyer or a confirmed official mandate.

To negotiate supply agreements with us, we bask you to read the following guidelines carefully:

If you are the final buyer, please send us a full LOI to: MELLO COMMODITY - Mr. Elias Pedrosa da
Silva and Ms. Jacimara da Silva Mello - sales@mellocommodity.com.br

To prevent your LOI from being rejected for lack of sufficient information, we suggest you
download and use the following template: http://mellocommodity.com.br/letter-of-intent/

PROCEDURES:

1 - Buyer issues LOI, complete on letterhead, with current date, signature and stamp.

2 - The seller issues the FCO or SCO also on letterhead, with bank details.

3 - The buyer signs and returns the FCO to the seller, and

4 - Buyer issues ICPO (Irrevocable Corporate Purchase Order) and proof of funds via Swift MT199
Seller Bank.

5 - Seller will submit the Draft Contract for acceptance by Buyer. The contract goes through a
normal period of negotiation and validation.

6- Return of buyer with signed Contract Draft, complete with copy of passport to be closed by
seller.

7- The seller issues the pro forma invoice to the buyer to:

8 - The buyer has 10 days to issue the pre-advised MT 799, designed in his bank (25/50), in the
seller's bank.

9- The buyer issues through its bank (25/50) MT 760 (SBLC) which will be irrevocable,
unconditional, operational, with a cash guarantee, transferable and divisible to the seller's bank.

10 - Seller will open the Performance Title with 2% of the value of the 1 month Contract for the
benefit of Buyer. Seller will send P.O.P Product Proof to Buyer

11 - Sending starts as scheduled. Necessary documents will be sent to the buyer.

12 - Delivery and forwarding start the media according to the term of the contract. All bank
charges, including confirmation from the buyer's bank, will be made by the buyer and all bank
charges incurred by the seller at the seller's bank will be provided by the seller;

Mello Commodity LTDA |Rio de Janeiro – Minas Gerais – São Paulo - Brazil | 55 21 976723023
sales@mellocommodity.com.br| www.mellocommodity.com.br
PAYMENT TERMS:

a) The Buyer will issue a SBLC (Stand by Letter of Credit), Irrevocable, Unconditional, Transferable,
Divisible, Cash backed , Free, operative valid for One year plus 1 day according to Remittances to
the volume of) for the same periods , until completing the full amount agreement, issue dor
confirmed by a Top 25/50 International Bank pre-advised MT799 and transferredby a Swift 760;

b) The final decision to accept another issuing bank for the guarantee mentioned in the item
above, will Always be of the Seller;

c) After the signed contract, the Seller will issue a Commercial Invoice of the total amount,
sending to the Buyer;

d) Immediately uponreceip tof the buyer's bank guarantees, Seller will send Buyer during the next
10 (ten) banking days, the following documents:

. POP – Proof of Product issued by Sugar Producer or S.G.S Certification

or similar authority;

. 2% Play Bond in the total amount of each deposited financial instrument

in the seller’s bank;

e) In each consignment, the Buyer 's Bank will pay to the Seller' s Bank after the Seller 's Bank
presentes the S.G.G. or similar authority and the BL - Bill of Lading to the Buyer' s Bank; via MT
103 ...

DELIVERY:

1- The Seller will start the export activities within 30/45

daysafterreceivingthebankguaranteeandwillarrangetheshipmentsaccordingtothe schedule agreed
with the Buyer;

2 - The Seller sends a copy of the first Bill of Lading, SGS or similar and Vessel's details to the
Buyer for verification;

3 - At the reception of the shipping documents, the Buyer’s bank must pay the full amount of the
invoice for the shipment to the Seller's bank with the presentation of the S.G.S or similar authority
Inspection Certificate and the BL - Bill of Lading by the Seller;

4 - Shipments continue as per agreement between BUYER and SELLER Financial instruments as
per "ICC 758 Standard" code sand any revisions as set by the International Chamber of Commerce
(ICC) UCP 600. Any deviation of the above guarantee and payment terms are subject to accept
ance by the Seller. The Buyer can claim no responsibility in the event that the accept na ceo the
financial instruments refused.

Mello Commodity LTDA |Rio de Janeiro – Minas Gerais – São Paulo - Brazil | 55 21 976723023
sales@mellocommodity.com.br| www.mellocommodity.com.br
 5 - SELLER reserves the right to export directly to its customers or to export through its affiliated
companies, for the account and order of Industry SELLER main taining the contractual conditions
entered with buyer. The Parties agree that Industry SELLER will request that the shipment of the
sugar be carried out directly by the producing company (sugar mill) to minimize taxim pacts, or by
affiliated companies or by whom Industry SELLER expressly indicates.

Documents such as LOI / ICPO will only be reviewed and accepted if they meet the seller's
requirements, such as:

- Total amount

- Target Price (according to offer available),

- Form of payment,

- Form of guarantee,

- Bank details (Top Prime25 / 50),

Note: The above procedures are an orientation and can be adjusted between the parties in the
course of the negotiation.

Ms. Jacimara da S Mello

International Business
Skype: mara-mello
WhatsApp - 55 21 976723023
https://br.linkedin.com/in/maramello
https://www.facebook.com/mellocommodity/
www.mellocommodity.com.br

Mello Commodity LTDA |Rio de Janeiro – Minas Gerais – São Paulo - Brazil | 55 21 976723023
sales@mellocommodity.com.br| www.mellocommodity.com.br