Here is a small snippet of what it would look like. Note that the content in the Images element is not complete, the Base64 encoding takes quite a bit of space.
Code:
<AspDotNetStorefrontImport Version="7.1" AutoLazyAdd="true" AutoCleanup="true" Verbose="true" TransactionsEnabled="true"><Transaction><Product Action="Add" EnsureDefaultVariant="True">
<Name>My Name</Name>
<Description>My Description</Description>
<FroogleDescription>Froogle Description</FroogleDescription>
<SE>
<SEName/>
<SETitle>My Title</SETitle>
<SEKeywords>My keywords</SEKeywords>
<SEDescription>SE Description</SEDescription>
</SE>
<ProductType Name="Generic Product"/>
<TaxClass Name="Goods"/>
<Display>
<XmlPackage>product.variantsindropdown.xml.config</XmlPackage>
<ColWidth>4</ColWidth>
<PageSize>20</PageSize>
</Display>
<Images UseAppConfigs="true">
<Large Extension="jpg" UseAppConfigs="true">
/9j/4AAQSkZJRgABAQEASABIAAD/2wBDAAYEBAQFBAYFBQYJBgUGCQsIBgYICwwKCgsKCgwQDAwM
DAwMEAwODxAPDgwTExQUExMcGxsbHCAgICAgICAgICD/2wBDAQcHBw0MDRgQEBgaFREVGiAgICAg .....
</Images>
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