APRIL 16, 2023

LOI – LETTER OF INTENT

We OWENZO BUSINESS GROUP LTD A Company from Rwanda acting with full
corporate responsibility, hereby state that it is our intention to purchase, and we hereby confirm that we are
ready, willing and able to purchase the following commodity as per the specification and quantity subject to the
mutually agreed price as specified in the terms and conditions as stated below. I am requesting you to send us a
quotation and Commercial Invoice for the following Food Commodities:

TOTAL Tagert price

UNITS / ( cif guinea
SN DESTCRIPTION ORIGIN UNIT YEARS TRIAL CURRENCY conackry)

400,000
2SUGER (WHITE ) n/a MT MT 12,500MT USD 330$
ICUMSA45
DELIVERY MODE: CIF , Guinea Conakry Port ; Payment Terms : 100% SBLC.

Specifications
Polarization: 99.80 Degrees min.
Ash Content: 0.04 Max.
Icumsa: 45 RBU
Solubility: 100% Dry and Free Flowing
Color: Sparkling White. Maximum 45 Icumsa attenuation index units
Radiation: Within internationally accepted limits.
Granulation: Fine to Medium
Moisture: 0.4% Max.
Magnetic Particles: 4Mp/k
SO2: 70 Mg/k
Ash By Electrical Conductivity: 0.04% Max. [on dry weight basis]
Sulphur Dioxide: 20 mg/kg Min.
Sediments: None. Smell: Free of any Smell
Reducing Sugar: 0.05% Max. by weight.
HPN Staph Aureus: Nil.
Max AS: 1 P.P.M. Max PS: 2 P.P.M.

This letter of intent is non-binding and aims at kick-starting other collaboration steps towards a successful
partnership.

Sincerely,

Cederic KARAMBA,
Chief Executive Officer
OWENZO BUSINESS GROUP Ltd

OWENZO BUSINESS GROUP Ltd is Legally Company Registered In Rwanda,

Specialized In Production Of Organic Fertilizers,