Zafran Agricultural Lime

Zafran Agricultural Lime

February 24, 2014

Hideco Sugar Milling CompanyOffice of the Resident Manager

Dear Sir,

Greetings!

In line with the upcoming harvest season for all Sugarcane Planters, it is with great pleasure that we welcome the opportunity to submit a proposal to Hideco Sugar Milling Company with regards to use of Agricultural Lime by sugarcane planters for crop year 2014-2015. We have been operating in Barangay San Juan, Ormoc City and having sugarcane as one of the major produce of Ormoc City, we find it necessary to be able to contribute to the betterment of our citys crops and for the sugar industry itself.

We are prepared to move quickly on the transaction and believe we are well suited to do so. This letter summarizes our proposal.

1. Definitive AgreementThe mutual goal of this business transaction is for Zafran Agricultural Lime to provide lime to Sugarcane planters as per advise by Hideco Sugar Milling Company. In order to effectuate this transaction, both Parties agree to complete respective tasks: Hideco Sugar Milling Company will advise all Sugarcane Planters to avail of the said lime for land preparation purposes. HISUMCO will properly inform all planters of the benefits of using the said product. Zafran Agricultural Lime will provide an adequate supply of the said lime for Sugarcane planters.

2. Purchase PriceSugar planters would purchase the said Lime the location provided by Zafran Agricultural Lime at a specific price per bag: Brgy. Nadongholan, Ormoc City at PHP100/bag.

3. Closing DateThe parties acknowledge that time is of importance and that they will work towards closing the transaction as quickly as possible. Both parties shall make reasonable efforts to finalize this transaction as quickly as possible.

4. Binding AgreementThis letter sets forth the terms and conditions that Zafran Agricultural Lime seeks to use as material terms for the proposed agreement. This letter supersedes, in its entirety, any and all communications that previously occurred between the parties. This letter is non-binding and requires further consideration and a final contract agreement executed by the parties in order to be legally enforceable.If the foregoing is satisfactory, please indicate your agreement with the foregoing by countersigning a copy of this letter and returning it to our attention. We look forward to proceeding together on this transaction.

Thank you.

_________________________________Francis Leo C. ZaldivarZafran Agricultural Limeleozal@gmail.com0917 505 5510