IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)



Validity of ICPO: 5 banking days

Date:19.04.2012

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

TO: LAST SELLER

Dear sir,

We, ……………………………………. hereby confirm with full legal and corporate responsibility, and under penalty of perjury, that we are ready willing and able to buy the following goods under the terms and conditions stated herein:

COMMODITY: RΕFINED SUNFLOWER OIL

ACCEPTED ORIGIN: EUROPE, ASIA, USA IV

PACKAGING: FLEXI TANK

DURATION: TWELVE (12) MONTHS

QUANTITY: xx0.0000 MT

MONTHLY SHIPMENT: xx.000 MT X 12 MONTHS

TARGET PRICE: xx0,00 EURO Per Metric Ton

DESTINATION PORT: CIF –xxxxxxxx

FIRST SHIPMENT: WITHIN 30/45 DAYS AFTER FINANCIAL INSTRUMENT IS BEING OPERATIVE

INSPECTION: S.G.S. (SOCIETE GENERALE DE SURVEILLANCE) AT PORT OF LOADING

FOR QUANTITY, QUALITY AND VOLUME, AT SELLER'S COST

PAYMENT: SBLC for one month value of the contract. Must be totally Unrestricted and 100 % operative, transferable, divisible and unencumbered, issued by a Top 25 World Bank. Non operative SBLC is activated with POP. Monthly payments via cash wire transfer, MT 103 or T/T, after the shipment Has arrived at the port of destination and before unloading takes place. Prices should be confirmed with port of final destination given by the Buyer Sale rate currency: U.S. dollars per MT (metric ton) INCOTERMS: 2010, CIF any worldwide port permitted by U.N.

BUYERS BANK WILL OPEN BG/ SBLC IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE, THE SUM OF $xx.x00.000 USD -/ COVERING THE MONTHLY SHIPMENT QUANTITY PAYABLE 100% AT SIGHT ON PER SHIPMENT TO SHIPMENT BASIS WITHIN 05 (FIVE) INTERNATIONAL BANKING. IT VALIDATES FOR 14 MONTHS.

SPECIFICATIONS

Specific density (AT 20c): 0,918 - 0,920 Refractive index (AT 40c): 1.467 -1.469 Transparency of oil, max: 10 fem Acidity mg KOH % gm oil max: 0,1 - 0,6 Peroxide value mMol/kg oil max: 0,1 - 0,7 Color value iodine, mg max: 4 Iodine value (WIJS): 110 - 144 Moisture & Volatile % max: 0,06 Saponification value, mg KOH/gm oil: 188 - 194 Phosphorus containing matter (P205): Negative Non-fatty Impurities, % max: Negative

Coloring materials, allowed to ad: According to the international standard Artificial flavors, allowed to ad: According to the international standards Anti oxidants: 200mg/kg but galate not more than lOOmg/kg Preservative agent: According to the international standards Anti foaming: lOmg/kg Anti crystallization: 1250mg/kg Soap content: 0,005 max Unsoluble impurities % mass: 0,5 max

PROCEDURES:

1) BUYER ISSUES ICPO WITH POF/BCL AND NCND AGREEMENT

2) SELLER OR HIS MANDATE SENDS FCO

3) BUYER APPROVES FCO AND SENDS IT BACK DULY SIGNED AND STAMPED

4) SELLER ISSUES DRAFT CONTRACT OPEN FOR AMENDMENTS TO BUYER TO BE SIGNED AND SEND IT BACK TO SELLER FOR REVIEWING AND IF SELLER ACCEPT THE AMENDMENTS OF BUYER IT WILL BE SIGNED AND CONVERT IT TO PDF FORMAT AS FINAL CONTRACT, WHICH WILL BECONSIDERED AS HARD COPY AND SEND TO BUYER THROUGH E-MAIL OR FAX TO BE LODGE ITN TO BUYER AND SELLER BANKS WITHIN 5 (FIVE) WORKING DAYS

5) WITHIN 3 (THREE) TO 5 (FIVE) WORKING DAYS OF SIGNED FINAL CONTRACT BY SELLER, BUYER'S BANK SHOULD SWIFT THE PAYMENT INSTRUMENT TO SELLER'S BANK

6) UPON RECEIPT, VERIFICATION, ACCEPTANCE AND AUTHENTICATION OF BUYER'S FINANCIAL INSTRUMENT, SELLER'S BANK WITHIN 10 (TEN) DAYS ISSUES FULL POP TO ACTIVATE THE BUYER'S FINANCIAL INSTRUMENT

7)DELIVERY AND SHIPMENT SHALL COMMENCE AFTER THE FULFILLMENT OF THE PROCEDURE STATED ABOVE, AS PER THE TERMS AND CONDITIONS OF THE CONTRACT AND DELIVERY SHALL CONTINUE UNTIL FULL AMOUNT OF CONTRACTED QUANTITY IS DELIVERED

Buyer’s Banking Details Buyer’s Company details

Name of the Bank : Full Company Name:

Bank Address: CEO:

Swift Code: : : Address

Bankofficer E-mail:

Tel: Tel:

Fax: Fax:

E-mail Address E-mail Address

Registration Number:

Represantative

This ICPO is the only current active ICPO and has been exclusively offered to Seller for the release of the Draft Contract. This ICPO voids any and all other ICPOs currently in circulation for this quantity and product.

FOR THE BUYER:

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