power of attorney

Licensee: K+S CHILE S.A. Address: Costanera Sur Rio Mapocho 2730, Of. 601 Las Condes, Santiago/Chile

Licensee: Chris Huo and Shanghai Chanyue Trading Co., Ltd. Address: Room 1515, 15th Floor, Jiahe Business Center, Lane 358, Wencheng Road, Songjiang District, Shanghai, China

Authorization matters: Mr. Huo Mingjiu (Chris Huo) is hereby authorized as the company's [special industrial rock salt market promotion team leader], who is solely responsible for expanding the market and sales in China, and responsible for after-sales service. Shanghai Chanyue Trading Co., Ltd. is specially granted the exclusive channel management right for the following five end users, the list is as follows:

1. Pangang Titanium Industry Co., Ltd. (Pangang Titanium Industry) Address: No. 1491 Jinshajiang East Road, Panzhihua City, Sichuan Province, zip code 617000.

2. Luohe Xingmao Titanium Industry Co., Ltd. (Luohe Xingmao) Address: No. 41, Renmin Road, Luohe City, Henan Province, zip code 462000.

3. Henan Billions Chemical Co., Ltd. ( Billions) Address: Billions Titanium Industrial Park, Zhongshan District, Jiaozuo City, Henan Province, Zip Code: 454002.

4. Yunnan Metallurgical Xinli Titanium Industry Co., Ltd. (Xinli) Address: No. 913 Chunyu Road, Majie Town, Xishan District, Kunming City, Yunnan Province, zip code 651302.

5. Jinzhou Titanium Industry Co., Ltd. (Jinzhou) Address: Titanium Industry Park, No. 59, Jinhe District, Jinzhou City, Liaoning Province, China.

This authorization will take effect immediately (February 22, 2017), and we promise to supply industrial rock salt products to the above five users only through Mr. Huo Mingjiu and Shanghai Chanyue Trading Co., Ltd. from now on.

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