YANTAI FENGGUICHAO INTERNATIONAL TRADE Co.

,LTD
NO.813 HuaXin International B/D， 28 Changjiang Road, Yantai-City, Shandong Province, China

LETTER OF INTENT

September 21, 2022

To:

From : YANTAI FENG GUI CHAO INTERNATIONAL TRADE CO.,LTD

Address : NO.813 HuaXin International B/D， 28 Changjiang Road, Yantai-City, Shandong Province, China

Dear Sir,
The intent of this offer is to provide a written expression of the mutual interest of the following Parties:

"Buyer" : YANTAI FENG GUI CHAO INTERNATIONAL TRADE CO.,LTD

"Seller" :
We, YANTAI FENG GUI CHAO INTERNATIONAL TRADE CO.,LTD, legally and fully responsible for the
punishment of perjury, and we request that you confirm that you are ready to sell the following quantity at the
request of the following terms and conditions.

1. PRODUCT : Agricultural Urea Industrial Urea

2. ORIGIN :
3. Total Nitrogen 20% Minite 46%
4. PACKING : One ton Bulk Bags
5. INSPECTION: Provide SGS data and certificate of origin
6. QUANTITY(Monthly): more than 35,000 tons more than 4,000 tons
7. DELIVERY: 30days 30days
8. MODE: FOB PORT CIF INCHEON KOREA
9. Target PRICE:
10.PAYMENT: Irrevocable, Documentary Letter of Credit
11.Required documents: SGS SGS, MSDS
 YANTAI FENGGUICHAO INTERNATIONAL TRADE Co.,LTD
NO.813 HuaXin International B/D， 28 Changjiang Road, Yantai-City, Shandong Province, China

12. DOCUMENTS:
A : CIF Insurance Certificate for 110% of shipment value
B : Bill of Lading
C : Certificate of Origin
D : Packing List
E : Commercial Invoice
F : Certificate of Quality(SGS, MSDS)
G: Photo of product loaded onto shipping vessel

13. PROCEDURES:
A: Buyer issues LOI
B: Seller issues FCO
C: Buyer signs and returns FCO
D: Seller and buyer sign contract
E: Buyer’s bank opens LC
F: First shipment commences within 30 days.

14. BANKING COORDINATES: Documentary Letter of Credit to be opened by:

○ Name of Bank: Industrial Bank of Korea(CHINA) LTD Yantai ETDZ Branch
○ Address : 106-109 ROOM, WANHANG SQUARE, NO.18 HENGSHAN ROAD, YANTAI ECONOMIC AND
TECHNOLOGICAL DEVELOPMENT AREA, SHANDONG, CHINA
○ Tel No. +86 535 610 7131
○ Swift Code IBKOCNBTXXX
○ Account No 728401667822001
○ Account Name : YANTAI FENGGUICHAO INTERNATIONAL TRADE Co.,LTD

Name and address of confirming prime bank We look forward to receiving buy’s proforma offer.

Yours sincerely

YANTAI FENGGUICHAO INTERNATIONAL TRADE CO.,LTD

CEO : OH JUNG SIK

YANTAI FENGGUICHAO INTERNATIONAL TRADE Co.,LTD
NO.813 HuaXin International B/D， 28 Changjiang Road, Yantai-City, Shandong Province, China

SPECIFICATION UREA 46% GRANULAR GOST 2081-92

Product UREA N46 Industrial grade Urea
Nitrogen 46% minimum
Moisture 0.5 max
Freeammonia 160 PXT PPM maximum
BIURET 1.0% maximum
Harmfulsubstances 100 % freefromharmfulsubstances
Melting point 132 degree Celsius
Granulation 1mm to 4mm 90% minimum
Color White standard or white pure
Odor Odorless
Boiling Decomposesbeforeboiling
Radiation Non-radioactive
Physicalstate Solid a 20°C, 101 KPA white granules
Specificgravity Solid a 20° C-1.35 t/ms
Floatability in water Sinksand mixes
Molecular weight 60.065
Fertilizer granular 94-96%min
Prill 96% max
Fisher 0.30%

Agricultural Urea
YANTAI FENGGUICHAO INTERNATIONAL TRADE Co.,LTD
NO.813 HuaXin International B/D， 28 Changjiang Road, Yantai-City, Shandong Province, China