Date: May 1, 2020

Buyer Company I A Company

Name
Seller Company 3M
Name
Transaction Code 3M 1860 Face Mask – 1 May 2020

Letter of Intent

We, A Company represented here by B Company are an active company in good standing
registered in xxxxxxxxxxx, and hereby confirm with full legal responsibility that we are ready, willing
and able to purchase the items(s) herein referenced, subject to the mutual approval by the parties,
namely:

We, B Company hereby confirm that we have the funds available that are clean, clear and free of
any liens or of non-criminal origin, legally obtained from non-criminal origin, and obtained from
non-criminal business or actions. We further confirm that we are the owners of the cash account
to be used for this transaction, having full signatory authority and control, thereof, which is
available for immediate placement at our discretion.

As specified below, and with the following terms and conditions:

Product: 3M Face Mask, Model 1860, N95 NIOSH Approved

100,000,000 Units of 3M Face mask, Model 1860, N95
NIOSH Approved.
Quantity:

Contract Period: Single Purchase

Grace Time to Load MAY 2020
Total 100,000,000Units of 3M Face mask :
Delivery: 100,000,000 Units of 3M 1860 delivered to To be
determined, USA

Origin: United States

Packing: As determined by 3M Standard Packing
Destination: As determined by Buyer
USD 4.1 CIF per 3M Face mask, Model 1860, N95
Unit Price: NIOSH Approved.
Delivery to agreed locations.

USD:410,000,000
Total Contract Value:
Buyer provides POF Opens Escrow or L/C

Inspection: By Buyer at Stock locations or SGS 3rd party inspection

● Buyer provides security for total purchase value by

Payment Terms: Escrow of LC

● Buyer’s independent representative or SGS inspects
 the stock for every lot before delivery.
● Seller will dispatch the stock as per agreed
schedule to agreed locations,
● Buyer receives the stock at various locations and
make payment by Escrow or LC to seller.
●
PROCEDURES:.
1) Buyer submits Letter of Intent (LOI) with Weekly Shipping Information (Quantity & Destination)
2) Buyer submits Proof of Funds ( POF )
3) Buyer submits NCNDA
4) Buyer and Seller will initiate KYC and POL through mutually elected counsel. Supplier issues
PO to Buyer
5) Seller and Buyer sign Fee Protection agreement with intermediaries.
6) Seller and Buyer sign JV Agreement and Draft Contract Agreement
7) Documentation lodged with 3M and Attorney’s for Demand Draft and Compliance Clearance
8) Master Production Contract with delivery schedules and Invoice is issued for payment.
9) Buyer Issues SBLC (Standby LOC)
10) Upon Verification and Authentication the Production Contract starts with Delivery Schedules

Signed by the Parties duly as follows:

Sincerely,

Sign with Chop:

_______________________________

Director Name: xxxxxxxx

Designation : Owner- Principal

Company Name : A Company

Country : xxxxx