2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.

0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

Irrevocable Corporate Purchase Order

DATE: January 05, 2024

To: Davidkov Imperial LTD,

19 Mayor Parvan Toshev, Sofia 1408 Bulgaria

Attention: Aleksandrov Stoyan

vía Henry Infante/Luis Andrei Rivera

We, AKE Commodities, LLC., as the Buyer of the undersigned, hereby state and represent that it
is our corporate intention to purchase the following commodity(s) under the stated terms and
conditions.

We attest that we are ready, willing, and able to purchase and hereby issue and
confirm this IRREVOCABLE CORPORATE PURCHASE ORDER for proceedings.

COMMODITY: SUGAR ICUMSA 45

DESCRIPTION DESTINATION QUANTITY $/MT SPOT SHIPMENT

Sugar Icumsa 45 USA - Miami 300,000 MT $520 $156,000,000.00 (One
Spot - FOB One Hundred Fifty-Six
Million USD)
Sugar Icumsa 45 USA - Miami 800,000 MT $520 $416,000,000.00 (Four
Monthly - CIF Hundred Eighty-Five
Million USD)
Sugar Icumsa 45 USA - Miami 9,600,000 Mt $520 $4,992,000,000.00 (Four
Annually - CIF Billion Nine Hundred
Ninety-Two Million USD)

PAYMENT TERMS: • Spot Allocation - Payment by cash MT103

• Contract Allocations – DLC to be provided
ORIGIN OF THE PRODUCT: South America
DESTINATION PORT: Miami, USA
DATE OF LOADING: TBD
BANK: See attached paymaster details

SPECIFICATIONS:

ICUMSA: Color 45 ICUMSA Attenuation Index Units (Method #10-

1978)
Origin: Brazil

SELLER: ____ P a g e |1 BUYER: ________

 2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

Maximum as: 1 P.P.M

Color: Brilliant White
Polarity at 20: 99.80 Minimum
Sulphated Ash Content: 0.40% Maximum by Weight
Moisture: 0.40% Maximum by Weight
Magnetic Particles: MG/KG 4
Solubility: 100% Dry & Free Flowing
Granulometry: 0.55 – 0.70 AM/MM
Reducing Sugar: 0.010% Maximum in Dry Mass
Radiation: Normal W/O Presence of Cesium or Iodine
SO2: 20 MG/KG
Pesticide: Traces Maximum MG/KG Basis
Photoxin: 0.01
Hexachloran Gamma 0.005
Isomer:
Microbiological Limits
Pathogenic Bacteria Nil
including Salmonella per
25 grams:
Athogenic Bacteria Nil
including Almonella per
25 grams:

BUYER’s BANKING DETAILS:

BANK NAME: See attached Independent Escrow Agent
Info - JP Morgan
NAME:
BANK ADDRESS:
ACCOUNT NAME:
NUMBER:
IBAN NUMBER:
TEL/FAX
NUMBER:
SWIFT CODE:
*BANK OFFICER NAME:

PAYMENT TERMS & PROCEDURES: - Spot Allocation

1. Buyer will make payment via cash as TT/MT103 to an Independent Escrow Agent
Account.
2. The Buyer will receive a copy of the Proforma invoice (PI), for the spot shipment, along

SELLER: ____ P a g e |2 BUYER: ________

 2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

with the Sales and Purchase Agreement (SPA).

3. The Buyer is to sign both the SPA and the PI and send them to the Seller and
Independent Escrow Agent. The Seller will provide a Proof of Product for the Miami
location.
4. The Buyer will place the payment for the product into an Independent Escrow Agent
Account.
5. The Independent Escrow Agent verifies the funds are in the escrow account and
notifies the Seller.
6. The Independent Escrow Agent will release the location of the warehouse, with the
approval of the Seller.
7. The Seller will release all the shipping and US Customs documents, while the Buyer is
at the warehouse.
8. The Buyer verifies the product and provides acceptance of the product and documents,
in writing via email to the Independent Escrow Agent and the Seller.
9. The Buyer authorizes the Independent Escrow Agent to release funds to the Seller.
10. The Independent Escrow Agent releases the funds to the Seller.
11. The Seller transfers the title to the Buyer and authorizes the release of the product from
the warehouse.
12. The Buyer will go to the warehouse and picks up the product

PAYMENT TERMS & PROCEDURES: - Monthly Contract Allocations

1. After receiving the ICPO the Seller will issue the Sales and Purchase contract (SPA)
along with Proof of Product (POP).
2. The Buyer will issue a Documentary Letter of Credit (DLC) for one (1) month’s
payment for contract shipments via MT700.
3. The DLC instruments will be issued by a top US or European Bank within two (2) weeks of
both parties signing the contract. The instrument will be irrevocable, confirmable,
transferable, with partial payment allowed, and with full banking responsibility,
and sent to Seller’s designated bank account. The DLC will be amended each month
for the length of the contract.
4. Once the vessels have been loaded and ready to leave the port the Seller will
issue the SGS documents and Proforma Invoice (PI) to the Buyer’s bank and to
the Buyer via email.
5. When the shipment arrives at the designated US port facility (Miami), the Seller
will provide all shipping, customs clearance and commercial documents for each
shipment, such as Bill of Lading and SGS, to the Buyer and the Buyer’s designated bank.
6. The Buyer will review the documents and move funds into the Independent Escrow Agent
account.
7. The Buyer and their designated representative will review the shipping
documents and go to the facility to inspect the sugar.

SELLER: ____ P a g e |3 BUYER: ________

 2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

8. Once the Buyer has inspected and approved the shipment they must make
payment on-site at the designated US destination port facilities (Miami) for the
value of each shipment, from the Buyer's bank to the Seller’s bank via MT103.
Payment must be made in the same day as the inspection.

CONDITIONS:
1. Buyer to provide ICPO to the Seller.
2. The Seller issues a purchase contract (SPA) and Proforma Invoice (PI) for the spot
allocation, to the Buyer.
3. The Buyer reviews and signs the SPA and PI, and returns to the Seller.
4. The Seller is to provide proof of product (POP) once SPA is signed.
5. Spot Allocation:
a. After Buyer verifies the POP, they will arrange funds to be deposited into the
escrow account.
b. The Buyer or their designated representative will be allowed to inspect and verify
the allocation at the warehouse facilities.
c. Once the allocation has been verified, the Buyer will release the funds to the Seller
the same day as the inspection.
6. Monthly Contract Allocations:
a. Buyer provides DLC once the SPA is signed
b. Once the product arrives at the designated port facility, the Seller will provide all
shipping and customs clearance documents.
c. The Buyer will review documents and the Buyer or their representative will go to
the warehouse to verify the product.
d. The Buyer will arrange funds to be placed into Independent Escrow Agrent
Account and authorize the Agent to release funds to the Seller, the same day as
the inspection.
e. The Seller transfers title to the Buyer.
f. Buyer makes arrangements to pick up the product.

DOCUMENTS:
• 0ne (1) original plus three (3) non-negotiable copies Bill of Lading.
• Signed commercial invoice in one (1) original and one (1) copy.
• Packing list in one (1) original and one (1) copy.
• Certificate of origin in one (1) original and three (3) copies.
• Certificate of analysis issued in one (1) original and three (3) copies.
• Certificate of weight, quantity and quality issued in one (1) original and three (3) copies.
• Phytosanitary certificate in one (1) original and three (3) copies.

This ICPO is the only current active and valid ICPO and has been offered to the Seller.

Signature Page to Follow

SELLER: ____ P a g e |4 BUYER: ________

 2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

CONTRACT NO: AKE/DAVIDKOV/SUGAR/MIAMI/300K/010424/SPOT

CONTRACT NO: AKE/DAVIDKOV/SUGAR/MIAMI/800K/010424/CONTRACT

SIGNATURE PAGE:

FOR AND BEHALF OF THE BUYER FOR AND BEHALF OF THE SELLER

AKE COMMODITIES, LLC Davidkov Imperial LTD

REPRESENTED BY: DR JOSEPH HAFEZ, CEO REPRESENTED BY: Aleksandrov Stoyan

joseph@americankadiexport.c Stoyan,alexandrov@davidkovi
EMAIL: om
EMAIL: mperial.com
DATE: JANUARY 05, 2024 DATE:

SELLER: ____ P a g e |5 BUYER: ________

 2945 Townsgate Road Suite 200 Westlake Village, CA 91361 Direct: 805.298.0184 Email:
Info@americankadiexport.com URL: www.americankadiexport.com

INDEPENDENT ESCROW AGENT

Paymaster KEITH W. BERGLUND, THE BERGLUND GROUP

Address & Phone 149 S. Barrington Ave. #181
Los Angeles, CA 90049

Bank Name JP MORGAN CHASE BANK, N.A.

Bank Address 15200 W. Sunset Blvd.
Pacific Palisades, CA 90272
Bank Officer Michelle KAMRANY
Account Name: KEITH BERGLUND ATTORNEY CLIENT TRUST ACCOUNT

Incoming Foreign Wires

Account Number 897767676 (Foreign Wires)
SWIFT number CHASUS33 (Foreign Wires)
Incoming Domestic Wires
Account Number 897767676 (Domestic Wires)
Routing Number 322271627 (Domestic Wires)

Beneficiary: Contract N°:

Special Instructions
1) SAME DAY TRANSFER AND IMMEDIATE CREDIT IN US DOLLAR.
2) ALL TRANSFER INSTRUCTIONS SHALL STATE: “The Remitter is
known to us. This is done with Full Banking Responsibility and we are
satisfied as to the Source of Funds sent to us.” “Funds are clean and clear,
of non-criminal origin and non-terrorist affiliation, and are not in violation of
any anti-money laundering regulations, and are for immediate credit-same
day value /instant cash upon receipt.”

SELLER: ____ P a g e |6 BUYER: ________