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To: UREA Producer via Mr. Mario Perez From: Huginn Invest c/o Lydur Fridjonsson, MD Re: LOI to purchase 35.000-MT/ for TRIAL with R/E x 12 months of 35.000- - 50.000-MT/month CIF Kolkata Harbour India @ the price of 290-USD pr. MT _____________________________________________________________________________ Gentlemen, On behalf of a client / according to my mandate from Radial LDT, I have current requirement for UREA, 35.000-MT with rights to R/E of 50.000-MT/month for 12 months. Product Specification : Prilled or granular (Urea 46% N) Description: Free flowing, white granules Form: Prilled or granular Particle Size: 90 % of the material shall pass through 2.8 mm sieve and not less than 80 percent by weight shall be retained on 1 mm sieve Total Nitrogen Percent by weight: 46% Minimum Biuret Percent by weight: 1.5% Maximum Moisture Percent by weight: 1.0% Maximum Quantity: 35,000 MT net. (+/-5 percent) Packing: Bagged 50 Kg net. – Print on bags with customer LOGO etc. Price target: 290-USD pr. MT CIF Kolkata, India Thank you in advance for your offer corresponding to the above. Pls. send over FCO This LOI valid for 5 Business days and including 15 of November 2013 Please send over FCO or draft Contract and proof of product so that we can get this rolling. Yours Sincerely, Mario Pérez +34 620 423 419 e-mail:*******@*****.com BLACK ARROW FOODS & DRINKS, S.L. Avda. Can Salvatella, 122 (Edifici Salvatella Business Center) Sortida 19 - AP7 08210-Barberà del Vallès Barcelona - Catalunya (Spain)