Infinity Corporation Australia Pty Ltd

ACN 614 909 125

Unit 2, 868 Beaufort Street, Inglewood, Western Australia 6052
PO Box 554 Mount Lawley, Western Australia 6929

Date 23rd April 2021 ICA-LOI-SC-03-210423

To: SEA Engineering & Construction

No: 2021, Tmn Ria Batu 2,
Jln Seremban, 7100 Port Dickson
Negeri Sembilan, Malaysia

Attention: Mr Soh Mun Wah - Director

Letter of Intent
We, Infinity Solution Malaysia Sdn Bhd subsidiary of Infinity Corporation Australia Pty Ltd this Letter of
Intent, hereby state and represent that it is our intention to purchase, the following commodity as per the
specification and in the quantity as specified in the terms and conditions as stated below.
COMMODITY: INDONESIA STEAM COAL.
SPECIFICATION: ASTM standard.

NO DESCRIPTIONS TYPICAL SPECIFICATION PENALTY REJECTIONS

1 Total Moisture ARB 34% 34-36 % >36 %

2 Inherent Moisture ADB 13% - -

3 Ash Content ADB 6% 12-10 % >12 %

4 Volatile Mater ADB 34 % - -

5 Fixed Carbon ADB By Difference - -

6 Total Sulfur ADB 0.5 % 0.6 – 0.9 % > 1.0%

7 HGI 55 - -

Gross Calorific Value

Kcal/Kg
8 ARB bases 4200 4200-4000 < 4000

 Coal Sourcing/Mining:
 Infinity Corporation Australia Pty Ltd
ACN 614 909 125
Unit 2, 868 Beaufort Street, Inglewood, Western Australia 6052
PO Box 554 Mount Lawley, Western Australia 6929

 Anchorage Point:
 Quantity: 50,000 MT – 100,000 MT +/-10% (Trial) followed by 100,000 MT – 200,000 MT /Month
for 36 months Long term contract.
 Price: USD XX /MT. FOB – Mother Vessel. For trial shipment.
 Laycan: XXX 2021. (1st Trial)
 Loading port:
 Loading Rate: XX per day.
 Anchorage Point:
 Surveyor at loading port: Appointed by Buyer and Seller.
 Payment: 100% Irrevocable Letter of Credit at sight by a prime bank.
 Security/Guarantee: 2% of total shipment for 1st on trial Performance Bond Guarantee.

Thank you and I look forward to your favourable response and beneficiary cooperation with all parties’
concern to conclude the above subject.

Yours Sincerely,

Chong L Choe
Managing Director