LETTER OF INTENTION
Hereby by the present document, ON ONE SIDE, TROPICAL LINE GROUP
ORGANIZATION, with RUC 9179375226, duly and legally represented by Mr. Alex Boka,
with legal domicile, Milnerton, Cape Town, Western Cape 7441, South Africa.
ON THE OTHER SIDE, MAS QUE CARNES, with RUC 0924945207001, duly and
legally represented by Ing. Xavier Freddy Ligfia Monta, domiciliad in calle Corazén SIN
interseccién Pasaje Florida, Quito, Ecuador.
BOTH PARTIES, recognizing reciprocally the character, personality and representation
with which they appear, agree to MANIFEST the following:
OBJECTIVE
‘The purpose of this Letter of Intention is to establish the bases and lines of joint work
between the participants from the moment of the signing of the present document, until the
establishment of an agreement, if previously understood and agreed by the parties.
DECLARATION OF INTENT
FIRST: Both parties declare their intention to establish commercial relations for the
distribution and marketing of TENDERLON ANGUS- BULL (LOMO FINO ANGUS)
products, with the following characteristics:
+ Product name: TENDERLOIN ANGUS-BULL (LOMO FINO ANGUS)
+ Packing 1x10 kg / CIN (cargo Tracking Note)
+ Category: Grade A - Specifications: 25 kg net per carton of boneless meat, vacuum
packed individually, with our label that will be sent from Ecuador.
+ Price: USD1100 per ton - CIF
+ Port of deliver: Guayaquil-Ecuador
+ Payment conditions: 10% of total amount (USD3.000) will be sent by Western
Union. The balance will be sent by wire transfer.
SECOND: Both organizations will work together to obtain all the permits related to the
purchase and commercialization before the regulatory bodies of Ecuador, such as Agencia
de Regulaci6n y Control Fito y Zoosanitario -AGROCALIDAD.
THIRD: In order to start commercial relations, MAS QUE CARNES undertakes to deposit
the amount of US $ 3,000.00 (Three thousand 00/100 US dollars), which will serve two
purposes:+ Demonstrate the seriousness of the company MAS QUE CARNES and
+ Advance payment for the purchase of first container, 27 tons, of the mentioned
product.
FOURTH: In case that for reasons attributable to TROPICAL LINE GROUP or due to
impediments of the internal regulations of Ecuador, the commercial route could not be
established, TROPICAL LINE GROUP commits to retum 80% of the value deposited at
initial negotiation
FIFTH: Once proper commercial relationship have been established and necessary permits
for the importation been obtained for commercialization and sale of the product, a new legal
‘work instrument will be defined where the form of work, prices, type of packaging, forms
and conditions for the shipment, etc. will be determined.
SIXTH: Maintain expedited communication and exchange of agile information, necessary
to achieve what was determined in the previous electronic numbers, for which the parties
point out the emails, which is the means of communication, which are: by the company
GRUPO TROPICAL LINE the mail alex.boka@topicallinetrading.co.za and by the
company MAS QUE CARNES the mail lignaxavier@ gmail.com.
For proof of the above, the parties sign:
Pease
Alex Boke TROPICAL Ing, Xavier Freddy Ligiia Monta
LINE GROUP MAS QUE CARNES