Parmau LLC

Handle:
- Spot sale: minimum purchase 25,000 tons
- 1-year contract sale Minimum purchase of 12,500 tonnes up to 500,000 tonnes per month.
- The price negotiation term is CIF and we also handle FAS (Santos, Brazil).
STEP BY STEP
Step 1 Definition of price, guarantees, payment method, port of shipment and delivery (CIF, FAS, EXW) and commissions;

Step 2: country of origin and branches, if applicable; Proof of address of the physical headquarters (mandatory); Mandatory letter (letter of authorization to operate on behalf of the client).

Step 3 - Signing of the confidentiality agreement (NCNDA) by all those involved in the business (intermediaries and buyers).

Step 4: The buyer issues ICPO (Irrevocable Corporate Purchase Offer) together with RWA/ATV.
NOTE: ICPO + RWA/ATV must be sent directly from the bank officer's email. The RWA/ATV must be updated within a maximum period of 15 days.

Step 5: The seller/exporter submits FCO (full corporate offer).

Step 6: The buyer returns the signed and stamped FCO.

Step 7 - The Seller/Exporter returns the draft SPA (Sale and Purchase Agreement). The buyer will issue an initial guarantee that they will open the banking instrument in accordance with the seller's procedures, an Escrow account.

Step 8 Initial guarantee: deposit in the amount of U$300,000 in an Escrow account. A commercial guarantee contract is drawn up and signed between the parties with the conditions of release of the value to be incorporated into the seller's equity. At the end of the contract, this amount is returned to the buyer or, in case of breach of the contract or failure to open the banking instrument, the deposited amount will be automatically forfeited in accordance with Brazilian regulatory laws and transferred to the seller's account.

Alternatively, if the buyer really does not want or cannot open an Escrow account, we offer the possibility to enter into a "trading signal" contract (the trading indicates the procedure to be followed in notes).

Step 9: The buyer returns the signed and sealed SPA.
Step 10: After opening and confirming the resource in the Escrow account, the seller signs the SPA.
Step 11: The seller sends DLC or SBLC, proforma invoice and CIS model with bank details.
Step 12: The buyer returns the DLC or SBLC text from their bank for the seller to analyze and approve.
Step 12: The buyer returns the DLC or SBLC text from their bank for the seller to analyze and approve.
Step 13: The buyer issues SBLC as a guarantee for one month of the contract to the seller's bank.
Step 14 - After the opening of the bank instrument, the seller's bank issues the PB (Performance Bond) of 2% on the value of the shipment and the POP (Proof of Product) to the buyer's bank, within 7 business days.
Step 15 - The buyer will receive an invitation letter to accompany the shipment of the product at the port, at the buyer's expense.
Step 16: The ship is loaded in 60 days.
Step 17: After loading, the seller sends the SGS and B/L certificate.
Step 18 - Release of the ship with the following documents:
• Commercial invoice
• Bill of lading (B/L)
• Certificate of Inspection by SGS
• Quality and weight issued by SGS
• Certificate of origin
• Phytosanitary certificate
• Certified radiation-free
• Certificate of insurance
• Fumigation certificate
• Packing List
NOTE
NOTE 1 - The buyer's email must appear on the ICPO and must be a corporate email.
NOTE 2 - The FCO will be sent to the buyer's email with a copy to the intermediary.
NOTE 3 - All documents submitted must be issued on letterhead, stamped, signed by the President and in PDF format.
NOTE 4 - Documents such as ICPO will only be analyzed and accepted by the seller if they meet the requirements, such as:
• Payment method.
• Form of guarantee.
• Target price (according to available supply),

NOTE 5 - The guarantee must be issued by a TOP50 bank.
NOTE 6 - The Escrow account of USD 300,000.00 (three hundred thousand dollars) is essential as collateral for the opening of a banking instrument within the time frame provided for in the SPA.
NOTE 7 - The business engagement contract works as follows: the buyer deposits the amount of USD 300,000.00 (three hundred thousand dollars) in the seller's account (or in an account indicated by the seller), the amount of which will be the responsibility of the seller and may be returned at the end of the full performance of the contract or, if the buyer prefers, it may be deducted from the last payment installment of the contract.
If the buyer breaches the contract, this amount will automatically become the property of the Seller as part of the payment of a contractual penalty for breach of the commercial terms. NOTE 8 - For SPOT purchases, an Escrow account is not necessary, as the payment will be TT via MT-103, with RWA/ATV presentation, in the 50/50 modality. Pay 50% of the value of the shipment when signing the SPA and 50% of the value at the time of inspection by SGS at the port of origin.
NOTE 9: The SGS/BUREAU VERITAS inspection is performed 48 hours prior to the boar.