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LETTER OF INTENT M Co. Hereby confirm that we are ready, willing and able to purchase Refined Sunflower Oil as per the specification, in the quantity and for as specified in terms and conditions as stated below. 1.COMMODITY : Refined Sunflower Oil 2.SPECIFICATION: As per attached Annex (A) 3. PACKING : In flexi tank. 4. INSPECTION : By S.G.S. at loading port, on Sellers account. 5. QUANTITY : TOTAL of 60.000 MT (Sixty thousand Metric Tons) yearly. 4 x 1250 MT=5000MT (shipments) monthly. 6. DELIVERY : 5,000 MT to Um-Qasser Port / Iraq+4 x 1250 MT MT (shipments) 7. MODE : C.I.F. 8. PRICE : US$X,XXX.XX / MT 9. PAYMENT : FULLY RESPONSIBLE, IRREVOCABLE; CONFIRMED, NON-TRANSFERABLE, OPERATIVE FULLY FUNDED LETTER OF CREDIT, acceptable to Seller, Payable at the port of loading against presentation of shipping documents, for the entire contract value of 1000 MT. 10. PERFORMANCE BOND : 3% of the value of each shipment. Best Regards. - APPENDEX (A) SPECIFICATION FOR SUN FLOWER OIL THE PHYSICAL TEST:- 1 - THE PRODUCT MUST HAVE ITS SMELL AND TASTE, FREE FROM RANCIDITY OR ANY STRANGE TASTE OR SMELL. 2 - THE PRODUCT SHOULD BE CLEAR, FREE FROM FOREIGN MATTER. 3 - THE PRODUCT SHOULD BE FREE FROM ANY OIL OR ANIMAL FATS. 4 - THE PRODUCT SHOULD BE FREE FROM ANY SOLVENTS THAT USED DURING EXTRACTION. THE CHEMICAL TESTS: 1 - THE RELATIV DENSITY (AT 20 C) 0.918 - 0.923 2 -THE REFRACTIVE INDEX (AT 40 C) 1.467 - 1.469 3 - IODINE VALUE (WI JS) 110 - 143 4 - THE SAPONIFICATION VALUE (Mg KOH/gm OIL) 188 194 5 - THE UNSAPONIFIBLE MATTER % 1.5 (MAX) 6 PEROXIDE VALUE MAX. 10 (Mequelant/Kg OIL) 7 THE ACIDITY {(Mg KOH) % gm OIL} CRUDE OIL 4 UNCRUDE OIL 0.6 8 COLOURING MATERIALS: IT S ALLOWED TO ADD: -BETA CAROTENE ACCORDING TO THE GOOD MANUFACTURING PRODUCTS. - ANATO ACCORDING TO THE GOOD MANUFACTURING PRODUCTS. -CURCUMINE ACCORDING TO THE GOOD MANUFACTURING PRODUCTS. 9 FLAVOURS: IT S ALLOWED TO ADD NATURAL FLAVOURS OR THE ARTIFICIAL FLAVOURS sunflower oil whole seler