FOB PROCEDURE

Not with standing anything to the contrary herein, and for the avoidance of doubt, the following procedures shall be followed in connection with the transactions contemplated hereby:

1. Buyer sends ICPO to Seller along with Bank Statement not older than one week.

2. Seller issues SPA Contract with the due reference number for execution. After execution, Seller shall provide executed Contract to receiving bank. This Contract shall be signed via electronic verification system.

3. Seller and Buyer sign the Contract. Buyer bank establishes SWIFT communication and sends to the Seller the draft of the LC/DLC for approval. Any financial instrument issued by Buyer without prior approval from the Seller shall be refused and will be deemed a material breach hereunder.

4. Immediately upon approval of verbiage of LC, Buyer, shall raise up a DLC for monthly volume of shipments of wheat being sold and purchased hereunder in an amount equal to 100% (one hundred percent) of the aggregate purchase price.

5. Buyer shall, as applicable, issue the financial instrument and shall send the copy of SWIFT to verify via bank receptor.

6. Buyer shall present all documents regarding nominated vessel for an approval by Loading Port Authorities.

7. After 5-7 days from confirmation of the financial instrument with respect to a shipment of wheat being sold and purchased hereunder, first shipment will be available in the port of embarkation ready for exit. Schedule for monthly laycans will follow in an additional annex.

8. Seller after loading of each loading batch sends POP documents via bank to bank via SWIFT.

9. After successful Q&Q at loading port Buyer will make payment to Seller via MT103 that same banking day in full amount of the aggregate purchase price for each shipment.

10. Buyer shall issue an LC for one-month delivery volume, valid for 45 days. This LC can remain as revolving guarantee instrument.

TERMS OF PAYMENT

11. Non-transferable LC will be raised up by the Buyer. Duration shall be 45 days and amount for monthly shipments as per PI. After each shipment loading, CI with final Q&Q data will be issued.

12. The Buyer shall make payment by direct payment to the Seller, to the bank account indicated by the Seller (not obligatory the same as in FCO), via MT 103, on the basis of documents confirming completion of Q&Q. On-site payment for the shipment shall be made by the Buyer via MT103 within two (2) banking days in both countries of Banking origins after the Seller after results of Q&Q at loading port. The date of payment shall be deemed to be the date of receipt of funds into the Seller's account.

13. In case of failure to receive full payment from the Buyer after the expiration of the two (2) banking days in both countries of Banking origin as stated immediately above, the Seller has the right to dispose of the cargo upon prior written notice to the Buyer as well as to honor LC.

14. Buyer can run independent expertise or Q&Q analysis at loading port. Seller can arrange Buyer’s team presence during loading and permit an inspection if required.

SHIPPING DOCUMENTS TO BE PRESENTED AS POP

1. Signed Commercial Contract
2. Invoice (1 original + 3 copies)
3. Packing list
4. Customs cargo declaration
5. Certificate of origin
6. Maritime Bill of Lading (3 originals + 3 copies)
7. Captain's receipt (3 originals + 3 copies)
8. Certificate of Quality issued by SGS surveyor and certified by the original seal of the surveyor at the port of loading (1 original + 2 copies)
9. Phytosanitary certificate containing the Latin name, certified by the original seal of the authority that issued the certificate (1 original + 2 copies)
10. Fumigation Certificate (1 original + 2 copies)
11. Non-GMO certificate (1 original + 2 copies).