Icpo Form Ic45 12500

3-5-804/2/3, First Floor, Opp. Bharatiya Vidhya Bhawan, Hyderguda, King Koti, Hyderabad – 500 012, A.P., India. Cell - +91 90009 66717 Email – [email protected] Website – www.pelicaninternational.in

Date: November 21, 2009 Reference number: PI/GM/0027/09-10 Validity: 5 days

IRREVOCABLE CORPORATE PURCHASE ORDER To: NETWORK PRODUCT SOURCING LLC

445 E 89TH STREET CHICAGO, IL 60619 Via dominic gomez We, the undersigned, Pelican International. hereby confirm with full legal and corporate responsibility and under penalty of perjury that we are ready, willing and able to purchase ICUMSA 45 Sugar in the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and also responsibility of the above stated buyer. COMMODITY:

762,500MT of ICUMSA 45 100,000 X 12 but first shipment will be 12,500mt Shipment #1 Country:-CIF 12,500mt Spot Deal Mozambique Shipment #2 Country:-CIF 50,000mt x 12 MOMBASA KEENYA Shipment #2 Country:-CIF 12,500mt x 12 TEMA GHANA

ORIGIN:

Brazil

SPECIFICATIONS:

Polarization : 99,80% min Moisture : 0,08% max by weight Ash content : 0,08% max by weight Solubility : 100% dry/free fine flowing Radiation : Normal internationally accepted limit w/o presence of cesium or iodine, certified Crop : Current Ash content : 0,04% max Granulation: Medium to fine Magnetic particles: 4 Mg / k SO2 : 20 PP Max Colour : Sparkling White maximum 45 ICUMSA attenuation units (ICUMSA method nº 1978) Granulation : Fine Standard Ash by electrical : 0.08 % Max. (on dry weight basis) Conductivity Sulphur Dioxide : 20 mg/kg Min. Sediments : None

1

3-5-804/2/3, First Floor, Opp. Bharatiya Vidhya Bhawan, Hyderguda, King Koti, Hyderabad – 500 012, A.P., India. Cell - +91 90009 66717 Email – [email protected] Website – www.pelicaninternational.in

Smell : Free of any odor Reducing Sugar : 0.05% Max by weight HPN Staph Aureus : Nil Max AS : 1 P.P.M. Max PS : 2 P.P.M. Max CU : 3 P.P.M. Substance : Solid Crystal Free from: Mold, unnatural odors, chemicals and insects Poisonous: Phytosanitary certificate Seed Husks: of no radiation, no viruses, insect parts, no poisonous matter and non genetic ans is suitable for human consumption MONTHLY REQUIREMENT:

100,000 X 12 but first shipment will be 12,500mt Shipment #1 Country:-CIF 12,500mt Spot Deal Mozambique Shipment #2 Country:-CIF 50,000mt x 12 MOMBASA KEENYA Shipment #2 Country:-CIF 12,500mt x 12 TEMA GHANA

TOTAL REQUIREMENT:

762,500MTS

DURATION OF CONTRACT:

12. Months US$ 300 Per MT (Three Hundred United States Dollar) Per Metric Ton As per our LOI The sugar shall be packed in 50 Kg. Net wgt. / 50.172 Kg. Gross wt. Poly-lined new Jute Bags or acceptable equivalent. Each bag shall be secured to assure the safety of the commodity during ocean transport. Bags shall be branded in indelible ink or paint in the English language bearing marks: Product of Brazil, Refined sugar, Net Wt: 50.0 Kg; Current Crop. Up to 15-20 days from date of Sellers receipt of the acceptable operative payment instrument. SGS or acceptable equivalent at port of loading

TARGET PRICE: SHIPPING TERMS: PACKAGING

LABELING DELIVERY TIME: INSPECTION DELIVERY SCHEDULE:

100,000 X 12 but first shipment will be 12,500mt Shipment #1 Country:-CIF 12,500mt Spot Deal Mozambique Shipment #2 Country:-CIF 50,000mt x 12 MOMBASA KEENYA Shipment #2 Country:-CIF 12,500mt x 12 TEMA GHANA

DESTINATION PORTS:

As above 50 kg PP bags ……………………………………………………

PACKAGING: MODE OF PAYMENT:

BG/FFDRLC 100% Payment at Sight L/C for total Quantity from Top 50 Western Irrevocable Corporate Purchase Order (ICPO) Page 2 of 4

3-5-804/2/3, First Floor, Opp. Bharatiya Vidhya Bhawan, Hyderguda, King Koti, Hyderabad – 500 012, A.P., India. Cell - +91 90009 66717 Email – [email protected] Website – www.pelicaninternational.in

Prime Bank. Standard 2%

DOCUMENTS: PERFORMANCE BOND

BUYER’S INFORMATION

CITY / ZIP / COUNTRY

PELICAN INTERNATIONAL 3-5-804. KING KOTI, HYDERGUDA HYDERABAD, A.P. INDIA

PHONE

+91 9000966717

FAX

0091 40 23263399

EMAIL

[email protected] Later

COMPANY NAME ADDRESS:

LEGAL REPRESENTATIVE TITLE

BUYER’S BANK COORDINATES ABN AMRO ADDRESS: ROAD NO, 1, BANJARA HILLS CITY / ZIP / COUNTRY HYDERABAD. A.P. INDIA BANK NAME:

BANK FAX:

0091- 40 - 66858817 0091- 40 - 66660567

ACCOUNT NAME:

PELICAN INTERNATIONAL

ACCOUNT NUMBER BANK SWIFT CODE:

1591477 ABNAUS33

BANK OFFICER’S NAME

KUNAL HARIA

BANK TEL:

TITLE DIRECT TEL/FAX:

0091- 40 - 66660567

This ICPO is the only current active and valid ICPO and has been exclusively offered for the release of the Draft Contract. We understand that any and all offers and/or contracts are subject to successful seller verification of funds availability. We hereby give our written permission for the seller to conduct a soft probe of our account. For and on behalf of Pelican International. NAME: KRISHNA RAO MURALI MOHAN TITLE: GENERAL MANAGER DATE: 21-11-2009

Irrevocable Corporate Purchase Order (ICPO) Page 3 of 4

3-5-804/2/3, First Floor, Opp. Bharatiya Vidhya Bhawan, Hyderguda, King Koti, Hyderabad – 500 012, A.P., India. Cell - +91 90009 66717 Email – [email protected] Website – www.pelicaninternational.in

STAMP / SEAL SIGNATURE

Irrevocable Corporate Purchase Order (ICPO) Page 4 of 4