We are representants of Seller, specialized in the supply of Sugar ICUMSA 45 under the following terms of sale and conditions.

SOFT OFFER: Product: Commodity White Refined Cane Sugar ICUMSA 45 RBU

QUANTITY IN MT CIF, ASWP PRICES IN USD DELIVERY PAYMENT TERMS

12,500 $ 535 12.500 X 1 MONTH- BG/RDLC/TT (100%)

25,000 $ 525 12.500 X 2 MONTHS- BG/RDLC/TT (100%)

50,000 $ 510 12.500 X 4 MONTHS- BG/RDLC/TT (100%)

100,000 $ 485 12.500 X 8 MONTHS- BG X 4 and RDLC X 4

200,000 $ 465 12.500 X 16 MONTHS- BG X 4 and RDLC X 8

300,000 $ 450 25.000 X 12 MONTHS- BG X 4 and RDLC X 8

400,000 $ 435 25.000 X 16 MONTHS- BG X 4 and RDLC X 12

500,000 $ 425 25.000 X 20 MONTHS- BG X 4 and RDLC X 16

600,000 $ 415 25.000 X 24 MONTHS- BG X 4 and RDLC X 20

700,000 $ 405 50.000 X 14 MONTHS- BG X 4 and RDLC X 10

800,000 $ 395 50.000 X 16 MONTHS- BG X 4 and RDLC X 12

900,000 $ 385 75,000 X 12 MONTHS BG X 4 and RDLC X 8

1,000,000 $ 375 75.000 X 13 MONTHS + BG X 4 and RDLC X 10

25.000 X 1 MONTH

PRICES SUBJECT TO OUR CONFIRMATION.

MAXIMUN DELIVERY CAPACITY FOR MONTH 300.000 / 500.000 METRIC TONS.

THE FINANCIAL INTRUMENTOS (FFBG / FFSBLC / FFDLC or FFRDLC) MUST

BE IRREVOCABLE, TRANSFERABLE, DIVISIBLE UNCONDITIONAL AND

ASSIGNABLE. -- CONTRACTS FOR PERIODS SUPERIOR TO 1 YEAR ON

FORM OF PAYMENT FFARDLC + BG FOR VALUE OF THE SHIPMENTS OF 12

/ 24 MONTHS.

WE ARE IN DISPOSITION TO STUDY DISCOUNTS IN THE PRICES THAT WE OFFER.