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lTOCHU PLASTICS PTE., LTD.
Company F`egistration No.: 198801314D
GENERAL TERMS AND CONDITIONS (OF SALES CONTRACT
The fc>llo`wing terms and conditions apply lo this Contract unless othenA/is8 specified on the face heTeof andtor agreed iipcin in `^/ritlng:
1. SllIF"ENT: The date of the Bill Of Lading shall be accepted as a cmchisrve date Of
sliiprment. Parial shlpment Ls atlowred.
2. F>AYMENT: Buyer shall cause to be opened an ir.e`rocaflte totter a( credn ir. (a`rer Of
Seller for the paymat of hurrdred perced (1Ow.) Of the confac;I prce within such
niirtoer of Oar)rs as notified by Seller to Biryer. Sucli letter ol ered`rt shall be mairitained
until paymBm in fuH of the coritract price. The !ctter Of credit shau b8 aapned by a tlrst
cfass barik and upon such terms as are ac.ceptable to Seller. Setterts obligatori to ship
the goads specified or` the face hereof (-Goods.) shall be oonditfoned upr` the issi/ance
of sucli letter of a.edit. Time Of payiTrerit Shall t}e of the essence of th® ConfacL.
3. TAXES & DUTIES: B`jyer agrees tha` a]l payments to be made hefeuntlershaw be made
without sctoff or counterclaim and free and clear of, and withc.ut dedut;tfori for: any faxes.
levies, lmposts. du`les, charges, feels.I deductions. withholdifpgs or restrictions or
condilfons or any nature whatsoe`rer now or lierea(ten Imposed, levied collected.
withhold or assessod by any courmr or by any political subctivision or tax]no aiithority
thereof or therein. Nc}twithstanding the case of any AnlLDumpir}g lrives`isation or
enforcem©nl in respect of Goodg by any authonty iJnder an}/ applicab!e la`rs, Buyer
Shall not bo granted any right to negotiate the price of Goods. cancct or terminate lhis
Contract and Seller 9hall not be obliged (o compensate any loss or damages imeurred
by Buyer in connection with si.ch ArilJ-Dumping lnvesligation or enfcN.cement.
4. INCREASEIJ C;C)S I 5: lr Seller-s cost a. perlormance ts lncreasecl attiar the dalo ct mts
Corilract by reason Of inc.Base Of thelght rates. taxes. other govenmerttal chages.
packing charges` li`siicanc® rates lnctiiding ufar risk` or other cailsB `whlch is beyond
Seller`s reasonable confrol. then Buyer sliall cx)r7pensate Seller for sucli lnaea5ed
costs or darmages or lasses.
5. DELIVERY Thedeli`rery OfGcnds sl.at be rrode acteding to he trade terms cbecrbed
on the face t"eo4. The trade €erms shall bB intaproted acoDrdmg to INColtRMS 2010
6. TITIE AND RISK: Risk Of loss or damage lo Goods shall be transferred from SeBer to
Buyer 8t the 88ITie lime as delivery oF Goocb under paragraph 5 above` Tile to Goods
shall pess from Seller to Buyer stmiiltariceusly inptth O.e hanstr Of fish ol beg; trileis the
face hereof contairis the term .retsrttor` Of REe' or sin3ar ezF©ri. in vyfroh event
Clle 1o Goods st`all be reLainecl by SofttF unt]l full payrmaiil Of lri8 cx}nlr8ct prce is made
by Buyer. The par`Ies agree lhal lNC0lERhAS 2000 are incorfx.ra ted Floe thrs Contract
unless olliefwise agreed heron
7. INSIJF`ANCE & FREIGHT: IT Se8®r is tD effect irisur8f`ce acceding lo the trade torrms.
such lnsiiraLnco shan be offBcl8d by Seder for 10% o`.er the contract prloe. Any
unforeseen irurease in rreight artd/or mar`ne and `raT rrsk iirsurance premnjm.
subsequerit tD the date Of this Cor}tract. stTall be for Bu)fer's aconJril
8. INSPECTION: fr the manutaclurer of Goods or olher deslgnee of Seder oo`nducts ar`
Inspection Of Goods prior lo §hipnrerit. Such inspection sf`all 13e considered final and
bindlng. Wlien il rs agreed that Buyer wlll conduct an additlc)rral imspectlon. Buyer shall
inTcrm Seller Of the identity Of its appChrllecl Inspector al the tlrme Of the format]on Of this
Contract and such insi]echon fees shall be bone by BuyeT
9. WAF!RANTY: The warranty for Goods lo be given by Seller to Buyer shall be slrlcuy
lirmtod to lhoae expressly given by the manufactLirer of Goods to Seller in writing and
provided to Buyer. Except ta the extent provlded therein, Seller heretry disclaims any
and all warranties with ro8pect to Goods, expressed or irnplied, including, but not lin"ted
to. waTrant]e3 of merchantebill.ty. 9Bttsfactory quality, fitr`ese tor a spedfe/pertoular
purpose, ir[`ellE.cfual praperty nghts and warran6es agairut defects Of Goads tiride.
afapl icable faun.
10. CtAIMS: Any dalm by a(Jyer regardino Goods §rraq be nowiod by Buyer to S®qer wihtn
thirty {30} days after the orri`/a! thereof al tl`e destir`ation €pedfi¢d ir` the relevant Bill Of
lad`ng. If Buyer cfairus for alleged breach ct \ararrantioa` Buyer ahao. togett`er `^#h Such
notice. Submit an indeper[®er)I silr`re]/or`s roporf and fun and fveal `a"en statement
speeffying the perticulars oT al! defecis wtiich Buyer has dist#./efed. In the e`rem Buyer
fails to provide such notice (and the report and the `mtterl statenred if applieable) withiri
such thlrty {30) days peried, Buyer 9hall t>e deemed to have `yarved any claim win
respect `o Goods and Seller sha`` not be lratle ttrerofor` Wth iespeet to a defect in
Gc]Dds praperly nolifeed by Bnyer. Solfer shat repair, rapface c= oth8rmse cLnro such
defect as Seller deems fit, awhich shall ba eacchisii+a af any other remedy pro`nded b`r
:a£`£ra%:?aa','t::=g:¥y:¥##Bmu%ra:%#sg#£,=nd
11. INTELLECTUAL PROPERTY: Seller shall rroL be respof``sible for ariy infrmgei'nent Of
patonl utility mocfel, trade marl( or name. design. patl®m. consB`Jctk}n of cx}pynght or
other intellectual property rights with respect to Gocx]s. Nothing co.ilamed heTein shall
be construed as transferring any patent` uldity rrodel. trade mark or nane{ desigri,
patterT`. constnjcttciri or copyTigh[ cxr other inteifec`ual property rights in Goods: all such
rights are erpressly reserved {o the trLle arid lai^ful owners thereiof
12. NO WAIVEFt: F.ailu.e or delay of Sctier lo eo<ercise a right or power under tliese terTns
and ooncliton§ shall not operate as a waiver thereof, nor sllaq any Single or parlfal
exercise of a right cx. power preelilde any ofller future exeroise thereof.
13. PACKING` Ttie make-up. pack!ng. packagirig and rr.aching snail be at St>ller.a optori.
14. EVENT OF DEFAULT: ln the event (i) Bi.ytr breaches any of the lernrs and condit}ons
Of lhls Contract or any a(her agreement(s) \uth Seller, (ii) Buyer becomes or `hi.eafens
to become lnsohre]nl or ls unablo to pay its c!ebts `^hen diia, (il() the whole or any
substantial pert Of the busir.ass Of Bvyer is ramsfrod to a third party by agroerneri!, order of
ccrurt cd. crfuen^rbe, (iv) a recelv8r, triistea or sinilar officer Corer aft or any part of the
Buyer`s property or a6s8ts is andl.or shaH be appointed ardtr any bankruptcy.
Insolvency, roorgarilzaton. arr8Trmenl dissolution. Irouaaoon or sinilar proceeding
refaGng to it under the la`va Of any jurisdictori is instfujtcd by or agaiust 9tjyQT andfor {v)
any olner event occurs \wnlch anikl in the reascm8bte apinlon al Sdier ha+re a matenBl
act/erse afecf on the abllit}/ Of Btryer to perfum ally Of as abmafons he!arfer or Lmder any
cther agreemenqs} with SeDer` then Seller shall ha`re the right to {i} tor-ale all or any
part of this Contract or any o«`er agreement(s) un.lh Seller and/or (ii) postpone or
suspend shipment of or c]elIvery of Goods, aritl ao cnitstanding suTus pad to Seter under
`tms Corgivact or any other agft©en!(a) win Seifer shall `pcr) the occiirTerce Of 9iicn event,
be immEdiatofy die and payable to Seifer, Biry€r shall pay to Seller default interest on
such s`.m{s} al fifteen pe.ice7it (15%| per amun` thoing the peftod from and lncliiding
the due date thereof up to init not if`cliidmg the cbte Of the payrneriL iri full of said sum(s)
(both before and ± jtrdgment) Buyer stiall be obligated untfa the clause wjthoiit any
rl3qu.remenl thal Sener Sends any nct}c8 or dofautt in the paymBnl and I( shall b8
pmsiimed any siich requred notice was delivered by `Ira`/ Of the occurrence Of Such
eveJtr
ln the even Uiat this Cor`tocl is teiTninated pursuant to thlg clause in addition to the
leTminaliQn pu/si+ant to the commorl Iaw` Seller Tray demand from 8uryer payment of
cl8rriages for any tosses and expenses irlcurred lheret)y (jnclucltng. but not limited to.
atorney.a exptxrses and the fu! amount oT shortfau in ease of Seller resellmg Goods.
where applicabfe) and But/er liereby agrees to lndermify Seller against any claim`
clerTiand. liability. caise Of acton, loss. damages. ccel and expense and all professional
lees .nciirr8cl by Sdler ans!r`g out Of or ln conneelion wth Buyer's default.
15. IIMITATION OF LLABILITY: ln ro e`/enl shad Seller be aable for arty liroidental, speclal.
indirec` or consequential damages c)f Buyer. inclirding without llmltation, Iogg ol profits
or other ecorromic !ces, that may arise urider c)r in cor`redlon with thl3 Contrac`. Total
liabiltty or Seller under this Contracl. whether based on contract, tort or othe"se. shall
rlct eroeecl or`e hundred percent ( 100%) of !he contrrd pnce,
16. GOVEFtNING LIAW: This Comract sl`au be oovemed iri all respects by lhe laws of
S-tngaporo. `vihoul regard to corifliel Of La`^/ p.lnc¢Ies, United NatJofts Conv®nljon on
Cortects for the lntemational Sale of Goods §hau not apply to oirs Coritracl
]7. ARB\TRATION: Any cbespute 8ri8inq oLit Of or iri connec:lbn wllri lhrs Contr8c\. includir.g
any qLlest]on regading is existef`ce. vatdity or LeriTmation slial] be refer.ed to arid
rma»y .esotved by aibivaton in Singapre in acoorcfa-`ntith the Arbitralian Rules of
the Singapore [nfiemational ArbitTation Cenrfe rsIAC-) for the time being in tarco, whieh
rut!s are deemed to be inc;orporated by reference in 8iis dause. The Tribunal chall
cansts( Of oii8 (1 I afoifratDr tD be appoirited by the President under dte Arbitatic}n F3u les
Of 8e SIAC. The farigirage Of the a7t}te:torl sriall be Englisli. The seat of the arbTtrallon
stall be Smgapere. Ilte ^tetce of ja.bfroton shat be deend to t>e vabdty served on
the parfees upori Ehe serTie being lefl al lbe eddrese Of the parties as indx:ated in this
Con¢ract or at the registered address of the pedees. Wthoul preprdn;a to a party.s rigli(
to enforce ally artnlratBn award tn any country haviTig iursdietioti o`/er the other party
(inefuding the Peoples' Republic of China). the parties hereby agree that the enforcing
party can select ally province(s} t* city{ies} to enforce the a]bfrotion award. For the
avoidar}ce ot doubt the rules ancl proceedings sat fo7th in the Afrothtion Rijles of the
SIAC shall apply e`reri in cases where this Conlr@ct (inchiding claL[§e 17 hereto)
coritains contrary terTTts. The arbitatlon award shad be final, nan-appealable. nori.
clispiilatie , nod-challengeatie and bind irig upon the parties hereto. Ncftythsfariding the
foregoing. e/lhe. party hereto may seek injunchve relief or any other provisional .emecly
in a court of compeiei`I jur§dk;tioii.
18. SEVERABILITY. lf any portion Of this Contract is lield invalid by a court Of competent
jiinsdic`ion. such porltori shall be deemed to be ol no lorce and effecl and this Cori`ract
stiall be constriied as if sueh por!ton had not beeii inclucled herein. provided however.
if the deletion of such pro\rfeion materra«y inpairs tlie ccimmercial value Of this Contract
lo either party, the partice sl`all altompt to ren8gotiate sLich provision in good faith The
tact that any pro`ris®n ol this Coritract shall be prohibited or unenforceable in ariy
jurisdicl)on sha» not invareat® or roncler urreriforceable such provisiori in ariy a(her
jurisdiction. TQ the extent pendtled by applic:able law, the parties walve any provisbn
of la`Ar that renders any provisbri o1 IJiis Contract prohit*ted or unenforeeable in any
respect.
19. THIRD F'AFZTY F?lGHTS: Nothing in uiis Contrcel Shall t>e cor`s!dered or coTB`rued as
cc\ntBr{i{\g ar.y rlghl or benchil c.a a person nat a party lo this Cc\nl{ac.t ancl lhe parlles
do not intend that any term Of this CcH`tract shouto be enfortcab7e. by vlrtiie c.i the
Cun8zn;ta (RiglTt> u. Tl*J Pdili€zo) Ac;l (Cap/. 538}, hy ai.y pt:Ta<in wlro is .iol pdlly lu
uts Contract.
20. MISCELLANEOUS. Coriceanti8I informatiori ar oilhor pe.ty disclo§Bd to the cthe. sh81l
r\errzaln concdenoa/ arid shall rtol be dzsclceec] to ally ctner patty without the orlor `whtten
car)se!il Of the d§sdosing party, This Cadtlracl s.had not be assgned by Buyer wilhoLil
the prior `aFrdlen consct Of Sctler Arty ane!xpled assisrrment shall be void This
Contract col.s6hnes the erfue agTeentent bctiRaeen llie perties `awh respect to {ne
suti8ct manes- hffeof and supersedes all previous 8greerrtenLs` nsgotrattors and
comlTiltmonts , aral or written. bet`^/aen the partlcs {n respect tha7oto` No mcrfu'ficatlon of
this Contract shall be binding except by `.witten agr®emont signed by both pan!es
21. SUFIVIVAl: All ter[rs and coriditor[s with respect to payment. tares. increased ocBts.
de{rvery. mle and Tisk. irtgtrmce and freignl` inspectron. warranty, claims, intewecLual
property, force mixpuTe, liTrtitaGon oT liaDdrty. governing law, arbjtTatJan` confiden`Lal
lnrormation. aseigriment. an entre agreement and modiricatlon c}f lhs Contract shall
survrve tl`e expitaton or tcrTmnat[on Of this Contrac:I.
22. CAPTIONS' TTie captions used heroin are for re{erenee purposes c>nly arid have no
effect iipon the consLruction or interpretatton of any terms and conditions herein.
23. ELECTRONK> DOCUMENTS: This Conhacl may be signed in two or mote couriterparts`
each of whleh shall be deoded to be 8n orlglni]l. Aslgned or olectronlc slgnBd copy Of
this Conlr8ct transmitted by omail or olher means of oloclrDnlc tranemlsslon (whether
scanried` ln pdf format or oth8rwrse) shall be deemed to have the same leg8I effect as
¢el`very of ari orisinal e.teouLed copy Of tw=i Contract for all puTpo§e§. The elec\rorrically-
reproduced version of this Contect shall rot be denied lEgd effect, validfty, or
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[he dectronical[y-reFreduced veisfon ol this Conlracl §hall be deemed ailhente and an
accurate reproductlori Of the onginal. and the a`thontlclty oT accuracy of the same shall
not be challenged in a cca!rt or in arbmetpn `.nless ©`ither party tf>nders adequate
e`.idence of tampermg `*th the eleetronmaBy-reprtrd`iced \versron
1`.\
E`l.R'L.