LETTER OF INTENT/IRREVOCABLE PURCHASE ORDER

(BUYERS LETTERHEAD)

WE, _________________________ THE BUYER ACTING WITH FULL CORPORATE AUTHORITY AND RESPONSIBILITY UNDER PENALTY OF PERJURY, DO HEREBY STATE THAT WE ARE READY, WILLING AND FINANCIALLY ABLE TO ENTER INTO A CONTRACT TO PURCHASE THE FOLLOWING FISHMEAL AS FOLLOWS:

PRODUCT: FISHMEAL

ORIGIN: PERU

SPECIFICATIONS: (Enter specifications for the fishmeal you wish to purchase)

PROTEIN: 64% Basis

MOISTURE: 10% MAX

FAT: 12% MAX

SALT/SAND: 5% MAX

SAND ONLY: 2% MAX

ANTIOXIDANT 150 PPM AT LOADING

FISHMEAL IN GOOD CONDITION, NO LUMPS, FREE FROM MAMMAL BONES AND/OR MAMMAL BONES SLIVERS, PESTS, INSECTS, SALMONELLA, SHIGELLA AND OTHER HARMFUL BACTERIA.

QUANTITY: _______ MT

DESTINATION PORT: ___________________

TARGET PRICE: USD$ _________ x MT

DESIRED SHIPMENT PERIOD: __________________

PAYMENT: ____________________

PACKING: ___________________

DELIVERY: ____________________

INSPECTION: BY SGS OR EQUIVALENT (TO BE PAID BY SELLER)

CERTIFICATES: QUALITY, QUANTITY, WEIGHT, ORIGIN AND HEALTH. Add any others required by your own country.

INSURANCE: ON BUYERS ACCOUNT

DOCUMENTS:

WE AGREE THAT WE HAVE REVIEWED FISHMEAL DRAFT CONTRACT AND AGREE TO ABIDE BY GAFTA TERMS AND GUARANTEE UNDER PENALTY OF PERJURY THAT WE WILL ISSUE PAYMENT OR OPEN L/C AS STATED ABOVE IN FAVOR OF THE SELLER WITHIN 5 WORKING DAYS FROM RECEIPT OF A CORPORATE OFFER OR PROFORMA INVOICE.

BANKING INFORMATION: Write in buyers bank, address, telephone, fax etc. SELLER'S BANK: Bank of America - San Francisco, Ca. USA.

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OUR CONFIRMING BANK IS ___________________________________

CORRESPONDENT BANK IN THE U.S. OR LIMA - PERU

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TELEPHONE ____________________________ FAX ___________________

CONTACT ________________________________________________________

AUTHORIZED SIGNATURE ________________________________________

PRINTED NAME ______________________________________________

DATE __________________________________

COMPANY SEAL OR STAMP HERE