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Reference: ER/XX-101 DATE; February 24, 2024

TERMS OF PAYMENT

From: SELLER
EARTH'S RESOURCES LLC (ER-LLC)
Represented by Freddy Benito Jerez, MA, Chairman/CEO, with USA Passport N°: 511022592
Address: 562 West 164th Street, Suite 44, New
York CITY, NEW YORK, USA 10032
Tel:
E-mail:

To: END-BUYER

Dear ,
I am the Chairman/CEO of Earth’s Resources LLC, and we are very much interested in our
potential business coming to reasonable legal transactions. VERY IMPORTANT: Our business
facts for selling these products are not negotiable.

TERMS OF PAYMENT
FOR THE CHICKEN PARTS

The buyer will, in advance, submit a cash-backed SBLC or a DCL transferable, divisible,
confirmed for the total amount of each shipment. After signing the contract with both parties,
the buyer’s bank releases a 30% payment in the Seller’s Bank account against the proforma
invoice, and the loading begins. At the end of the full loading, the buyer’s bank releases the
final payment of 70% in exchange for insurance papers and the legal title for the product. A
100% MT103/TT against the Bill of Lading and all other shipping documents before the
vessel’s departure.
EARTH’S RESOURCES LLC
562 Westth Street SUTE 44
New York City, New York State 10032 Tel:

E-mail:

SUMMARY: 30% TT advanced payment to Seller by the telegraphic bank-to-bank transfer


(“T/T”) which covers the slaughtering, cutting, and packaging within 5 Banking Days from
the issuance date of the pro-forma invoice; AND 70%/TT balance payment to Seller by
telegraphic bank-to-bank transfer (“T/T”), upon receipt of Bill of Lading and other shipping
documents before the vessel's departure to the destination port.

Final payment of 70% in exchange for insurance papers and the legal title for the product. A
100% MT103/TT against the Bill of Lading and all other shipping documents before the
vessel’s departure.

FOR SUGAR: ICUMSA 45 Brazilian Sugar, International Standard

Buyer will submit a cash-backed SBLC or a DCL transferable, divisible, confirmed for the
total amount of each shipment or the contracted amount. After signing the contract, it is
agreed that at the loading port, the buyer’s bank releases a 30% payment to the seller’s bank in
exchange for POP, and the loading begins. At the end of the full loading, the buyer’s bank
releases the final payment of 70% in exchange for insurance papers and the legal title for the
Sugar. A 100% MT103/TT against the Bill of Lading and all other shipping documents in a
bank-to-bank transactional procedure before the vessel’s departure.

Term of Payment: the quantity per ton and the financial Institution determines the price.
SBLC/TT – the SBLC is Transferable, Irrevocable, Divisible, Revolving, and Confirmed.
However, the price is always determined by the quantity of the product, the form of payment,
the bank used, and the destination.

Financial Instruments: MT760 STANDBY LETTER OF CREDIT (SBLC), or a


Documentary letter of credit (DCL), Transferable, Irrevocable, Divisible, Revolving, and
Confirmed (by any Spanish Bank designated by the Seller), at sight, with payment with TT
MT 103. Validity: After the signing of the SPA.
P.B.: 2%
Please amend these conditions and procedures concerning your LOI to Earth’s Resources
LLC.

FOR AND ON BEHALF OF EARTH’S RESOURCES LLC BUYER

EARTH’S RESOURCES LLC


562 Westth Street SUTE 44
New York City, New York State 10032 Tel:

E-mail:

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