Insumos GloboR L de CV

Atencion
Lic Heydell Garrido

Lic. Gregorio Morales

Dear Mr. Garrido, and Mr Morales

My name is Jonathan Leigh, and I’m the CEO of P3 Network. I’m an American born Chinese
that comes from an import-export business started in 1981 with my father brokering trades
between mainland China and the USA. Good to meet you and it is great to hear that you have a
valid supplier of sugar.

Please find below a letter of intent for white sugar to be freighted to mainland China. Note that
while our services are normally as intermediaries, in this scenario, we will be originating this
order as a purchase.

On Page 3, we’ve attached a procedure that is very standardized for doing business in China.

We will be responsible for all buyer support agents, starting from Mr. Rodrigo Venegas, to
support staff that we have stationed in Shanghai and Qingdao to see this order fulfilled..

I hope to hear from you soon

Sincerely,

Jonathan Leigh
jonathan@p3network.com
+1 (415) 954-2980

Product: White Sugar

Specifications: ICUMSA 45 rbu standard

Country of Origin: Negligible, see covenants

Loading Port: Negligible, see covenants

Unloading Port: Qingdao, People's Republic of China

Inspection: SGS or CCIC inspection done at the Port of Loading

Quantity: 200, 000Metric Tons

Contract Term: 1 Year, recurring Monthly

Letter of Credit At-Sight or Standby Letter of Credit (SBLC).

Payable at Loading Port against Documents; 1st shipment
Payment Method: Payable at Destination Port

Pricing: $385 / MT

Incoterm: FOB BRASIL- Port subject to shipper approval - TBD

Non-Negotiable. Product Manufacturer must furnish a valid

China Registration Number provided by the General
Administration of Customs China (GACC) approved for the
Covenant 1: White Sugar Processing to qualify for this transaction.

Non-negotiable. Exporter of Record must furnish a valid

China Registration Number issued by GACC approved for
the exportation of White Sugar (HS Code 17019910) to
qualify for this transaction in addition to local CNPJ business
Covenant 2: registration.

Exporter of Record must have proof of prior trade

experience with a Chinese importer by providing one of the
following: redacted CCIC inspection report, redacted Bill of
Lading showing destination China, redacted documentary
credit or subject trial shipment of 500 MT or less to establish
Covenant 3: supply chain trail.

Procedures:

Step 1: The Buyer sends a Letter of Intent (LOI) with identification, company registration.

Step 2: The Seller sends a Soft Corporate Offer - SCO to the Buyer confirming the price,
terms, and qualifications to perform.
Qualifications to Perform:
● GACC (General Administration of People’s Republic of China Customs) Registration
Number for the Exporter.
● Copy of Prior Performance using the same registration number as the Exporter of
Record shipping ICUMSA45 Sugar into China. via
● Full Copy of Prior CCIC Inspection Report at Port of Entry in China requested by the
Exporter of Record within the last two years. OR
● Redacted Bill of Lading containing Product Name of White Sugar HS Code, Quantity
and Exporter of Record Name.
● Optional - GACC Registration Number for the Production Facility.

Step 3: The Buyer sends the Irrevocable Corporate Purchase Offer - ICPO and Proof of
Funds - POF to the Buyer.

Step 4: The Seller will issue a Full Corporate Offer, which shall include all relevant
registration numbers of both the production facilities and the export company.

Step 5: The Buyer will send a contract draft and negotiate with the Seller on a Final Draft.

Step 6: The Buyer and Seller shall convene a meeting, in-person at the production facility or
factory or a mutually agreed area to examine the operation and finalize the Sales &
Purchase Agreement. The Buyer shall pay for their conveniences, at their own expense.

At the same time, both the Buyer and Seller will execute the agent agreement for both the
principal buyer and seller agents.