ARO TTI BRASIL AGRO BUSINESS.

São Paulo/SP/Brazil May 23th 2022.

TO THE BUYER:
GALAND CONSULTING & TRADING LTD
ATTN. – FEDERICO.

FULL CORPORATE OFFER 2022/0189-7

As requested thru your LOI, we inform you that we, ARO TTI BRASIL AGRO BUSINESS,
acting with full legal and corporate authority and responsibility, confirm that we are ready,
willing and able to enter into a contractual agreement to sell WHITE REFINED CANE
SUGAR ICUMSA 45, HUMAN COMSUMPTION exclusively with the following conditions:

The Seller with full corporate authority to sell makes an irrevocable firm commitment under
penalty of perjury to sell and deliver the sugar cane. Fit for human consumption.
The Buyer hereby agrees and makes an irrevocable firm commitment under penalty of
perjury to purchase the sugar cane.
The Buyer hereby certifies and warrants that he can fulfil the requirements of this
agreement and pay the product herein mentioned in a timely manner and under the terms
specified and agreed upon by the signatories as hereinafter.
The Seller and the buyer agree to honor this agreement under the following terms and
conditions:

ORIGIN: The origin of the product shall be Brazil.

PRODUCT PACKING:
In bulk or in new 50 (fifty)kilogram net double sacks.

DESTINATION: CIF MAINLAND PORT

QUANTITY: 12 X 50.000MT = 600.000MT TOTAL.

BASIS OF DELIVERY:
The date of the bill of lading shall be considered the date of lifting and delivery.

PRODUCT QUALITY: The representative of SGS or compatible world class inspection

organization at the port of loading.

PRODUCT PRICE: Buyer and Seller agree to the following price:

SUGAR ICUMSA 45 USD330,00/MT

PAYMENT TERMS: The payment will be made at sight against shipping documents
(deferred payment) at buyer’s bank counter, by wire transfer/MT 103, without any kind of
discount, in the account of the seller, as per seller’s instructions and agreement.

In guarantee of the quantity and value contracted, the Buyer issues a LC – LETTER OF
CREDIT MT 705/700 for the value relative of 3 months shipment i.e. USD49,500,000,00
issued by JP MORGAN CHASE - USA as per draft in attached, validity for 12 months and
15 days, irrevocable, transferable, divisible, cash backed and operative in up to 5/7 working
days after signed the contract. Performance Bond 2% will be issued in up to 5/7 days after
Seller’s bank receives the operative LC.

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

INSPECTION: SGS/CCIC or similar Certificate Quality, Quantity and Weight at Port of

Loading at Seller’s Cost.

PRICES: Prices in this FCO are subject to vary accordingly to market fluctuations. Prices
would be blocked after signing the FCO + SPA by the parties involved herein, the Seller and
the Buyer.

PROCEDURES
1. After receiving LOI from the Buyer, Seller issues FCO (Full Corporate Offer).
2. Buyer returns to the seller the FCO signed and stamped accepting price and terms.
3. Seller send contract to the Buyer. Buyer sign and return the contract to the Seller.
4. Buyer opens operative letter of credit at sight; Seller issues PB - 2%.
5. Seller starts in 30-45 days, as per contract terms.

OBSERVATIONS:

The terms, conditions and notes of this FCO are not negotiable.

All sugar shipments are at ARO TTI (seller) responsibility and all payments relating to the
shipped sugar must be made to the account indicated by ARO TTI.

NOTES:

We do not provide SAMPLES, and do not show past Bills of Lading, Warranties, or Reports.

This offer will be able to suffer alterations in prices without previous acknowledgment due to
variations of the market.

This proposal is valid until May 27th 2022. only with the named company.

AFTER THIS DATE THIS DOCUMENT LOSE IT VALUE.

REGARDS

______________________________________
WE AGREE: BUYER > GALAND CONSULTING TRADING

NOTE: This document will have validity for a reasonable period of time to will deem five (5) working days.

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

---------------------------------------------------
SENDER: xxxxxxxxxxxxxxx
xxxxxxxxxxxxx
RECEIVER : XXXXXXXXXXX
XXXXX
---------------------------------------------------
: 27: SEQUENCE OF TOTAL
1/1
: 40A: FORM LETTER OF CREDIT
IRREVOCABLE TRANSFERABLE
: 20 : DOCUMENTARY CREDIT NUMBER
DRAFT FOR REVIEW ONLY
: 31C: DATE OF ISSUE
XXXXXX
: 40E: APPLICABLE RULES
UCP LATEST VERSION
: 31D: DATE AND PLACE OF EXPIRY
XXXXXX, beneficiary COUNTERS.
: 50: APPLICANT

,
XXXXXXXXXXXXXXX.
: 59: BENEFICIARY

: 32B: CURRENCY CODE/ AMOUNT

CURRENCY: USD (US DOLLAR)

: 41D: AVAILABLE WITH....BY....- NAME&ADDR

ANY BANK – BY PAYMENT

: 42C: DRAFTS AT
SIGHT
: 42A: DRAWEE

XXXXXXXXXXXXXXXXXXX

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

: 43P: PARTIAL SHIPMENTS

ALLOWED
: 43T: TRANSSHIPMENT
NOT ALLOWED
: 44A: PL OF TKING IN CHRG/ OF RCEIPT

: 44B: PL OF FINAL DEST/ OF DELIVERY

: 44C: LATEST DATE OF SHIPMENT

XXXXXX
: 45A: DESCRIPTION OF GOODS AND/OR SERVICES
AS PER XXXXXXXXXXXXXXXXXX

CIF ANY CHINA PORT

: 46A: DOCUMENTS REQUIRED
1. SIGNED COMMERCIAL INVOICE CERTIFYING THAT
THE QUALITY, QUANTITY AND DESCRIPTION OF GOODS
XXXXXXX ARE STRICTLY IN ACCORDANCE WITH PROFORMA
INVOICE NO.: XXXX/XXXX,DATED XX MAY 2020, IN 1
ORIGINAL AND 2 COPIES.

2. ONE COPY OF CONTRACT SIGNED BY BENEFICIARY AND

APPLICANT SHOULD BE PRESENTED TO NOMINATED BANK
TOGETHER WITH SHIPPING DOCUMENTS.

3. PACKING LIST IN TRIPLICATE TO BE ISSUED BY

BENEFICIARY.

4. CERTIFICATE OF ORIGIN IN 1 ORIGINAL AND 2 COPIES

ISSUED BY BENEFICIARY.

5. INSURANCE POLICIES CERTIFICATES IN THE

NEGOTIABLE FORM IN THE SAME CURRENCY AS THE CREDIT
FOR NOT LESS THAN TEN PERCENT OVER CIF VALUE COVERING
INSTITUTE CARGO CLAUSES A INSTITUTE WAR CLAUSE, CARGO
INSTITUTE STRIKES CLAUSE CARGO, SHOWING CLAIMS PAYABLE
IN GLOBALLY AND BLANK ENDORSED DATED NOT LATER THAN BL
DATE. THE INSURANCE TO COVER ALL RISKS FROM
BENEFICIARY'SS WAREHOUSE TO APPLICANTS WAREHOUSE.
SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world
CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

6. INSPECTION CERTIFICATE ISSUED BY THE APPLICANT ON

THEIR LETTER HEAD SHOWING QUANTITY, VALUE OF GOODS
SHIPPED AND THAT SHIPMENT IS AUTHORIZED AND ACCORDING
TO THE SPECIFICATIONS OF THE ABOVE MENTIONED PROFORMA
INVOICE.

: 47A: ADDITIONAL CONDITIONS

1. THE DOCUMENTARY CREDIT IS SUBJECT TO THE
VERSION OF THE ICC UNIFORM CUSTOMS AND PRACTICE
FOR DOCUMENTARY CREDITS,INTERNATIONAL CHAMBER OF
COMMERCE, PARIS, FRANCE, WHICH IS IN EFFECT ON
THE DATE OF ISSUE.

2. THIS LETTER OF CREDIT IS NOT SUBJECT TO THE

SECOND PARAGRAPH OF ARTICLE 35 OF UCP 600

3. IF DOCUMENTS FORWARDED BY A NOMINATED BANK

ARE LOST IN TRANSIT OR MUTILATED, WE MAY REQUIRE
DUPLICATE ORIGINAL DOCUMENT

5. DOCUMENTS MUST BE ISSUED IN ENGLISH AND DATES

ON ALL DOCUMENTS MUST FOLLOW THE SWIFT FORMAT
(YYMMDD).

6. ALL DOCUMENTS MUST BEAR THE ISSUING

INSTITUTION'S DOCUMENTARY CREDIT REFERENCE
NUMBER.

7. ALL DOCUMENTS PRESENTED MUST BE IN STRICT

COMPLIANCE WITH THE TERMS OF THIS LETTER OF
CREDIT.

8. ALL INSTITUTION CHARGES OTHER THAN THOSE OF

ISSUER ARE FOR BENEFICIARY'S ACCOUNT.

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

9. DISCREPANT DOCUMENTS WILL BE SUBJECT TO A

DISCREPANCY HANDLING FEE OF USD 50.00 WHICH
WILL BE FOR BENEFICIARY'S ACCOUNT. IF DISCREPANT
DOCUMENTS ARE PRESENTED, WE WILL SEEK THE
APPLICANT’S APPROVAL TO TAKE UP DOCUMENTS DESPITE
DISCREPANCIES.
10. MULTIPLE SETS OF DOCUMENTS PRESENTED UNDER
ONE COVER LETTER WILL BE CHARGED A DOCUMENT
EXAMINATION FEE OF USD 50.00 FLAT PER EACH
ADDITIONAL SET, WHICH WILL BE DEDUCTED FROM THE
PAYMENT.
12. UPON NEGOTIATION, NEGOTIATING BANK MUST
INFORM LC ISSUER BY SWIFT ON THE SAME DAY OF
NEGOTIATION, THE LC NO, BILL AMOUNT, DATE OF
SHIPMENT AND NEGOTIATION,CONFIRMING THAT ALL THE
TERMS AND THE CONDITIONS OF THE CREDIT HAVE BEEN
COMPLIED WITH AND CERTIFYING ENDORSEMENT
OF THE NEGOTIATED AMOUNT ON THE REVERSE OF THE
ORIGINAL LETTER OF CREDIT AND A COPY OF SWIFT
MUST ACCOMPANY THE ORIGINAL DOCUMENTS.
13. ADVISING BANK MAY ADD CONFIRMATION ON
REQUEST AND COST
OF THE BENEFICIARY.
: 48: PERIOD OF PRESENTATION
DOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS
AFTER SHIPMENT
BUT WITHIN LC VALIDITY.
: 49: CONFIRMATION INSTRUCTIONS
MAY ADD
: 78: INSTR TO PAYG/ACCPTG/NEGOTG BANK
1. ALL DOCUMENTS ARE TO BE FORWARDED UNDER ONE
COVER QUOTING DLC NUMBER XXXXXXXXXXXXXXXXX TO
XXXXXX , XXXXXXX , XXXXXXXXX , WITHIN XX
BANKING DAYS OF RECEIPT OF COMPLYING DOCUMENTS
PAYMENT WILL BE MADE ACCORDING TO THE CREDIT AND
OTHER TERMS GOVERNING THE ISSUANCE OF THIS CREDIT
AT NEGOTIATING BANK COUNTERS.

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION
 ARO TTI BRASIL AGRO BUSINESS.

2. UPON RECEIPT OF DOCUMENTS AND DRAFTS IN

COMPLIANCE WITH TERMS AND CONDITIONS OF THIS
CREDIT, WITH OUR ACCEPTANCE OF ENDORSEMENT BUYER
SHALL ACCEPT DOCUMENTS AND REMIT THE PROCEEDS IN
ACCORDANCE WITH YOUR INSTRUCTIONS AND SUBJECT TO
TERMS AND CONDITIONS GOVERNING ISSUANCES OF THE
CREDIT.

: 57A: ADVISE THROUGH BANK

XXXXXXXXX
SWIFT CODE: XXXXXXXXXX
: 72: SENDER TO RECEIVER INFORMATION THIS LETTER OF
CREDIT IS SUBJECT TO UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS LATEST (2007 REVISION)
INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION 600.

SÃO PAULO: Av. Ipiranga, 1071 CEP 01039-000 E-mail: ricardo@arotti.world

CALIFORNIA/USA – LISBON/PORTUGAL – LONDON/UK – MEXICO/MEX
AQSIQ NUMBER : 07622000030 THE IMPOSSIBLE IS JUST AN OPINION