SALES CONTRACT

No: NIC201602
Date: 8/1/2016

The Seller The Buyer

NIC HUMAN RESOURCE CONSULTING JOINT STOCK SIVA FOODS
COMPANY (NIC HR., JSC) Address: 10-120, Ashok Nagar, Vijayawada –
No 7/53, Lane 322, Le Trong Tan street, Khuong Mai 520007, India
ward, Thanh Xuan district, Hanoi, Vietnam. Tel: +91 866 2554801
TEL : +84.4.3971.2763 Fax: +91 866 2554018
FAX : +84.4.3978.4080
Seller’s Bank: Buyer’s Bank:
Beneficiary name: Nic Human Resource Consulting
Joint Stock Company (NIC HR., JSC)
Beneficiary bank: Joint stock Commercial Bank for
Investment and Development of Vietnam – SoGiaodich 1
Branch
Address: 8th Floor, Block A, VINCOM City towers, 191
Ba Trieu St., Hai Ba Trung Dist., Hanoi, Vietnam.
Account No: 12010370112295
Swift code: BIDVVNVX120

Article 1: It is agreed that the Seller commits to sell and the Buyer commits to buy the
following described goods upon the terms and conditions here in after set forth:

Unit price Quanti Amount

Item name Specification Packing
(USD/MT) ty (MT) (USD)
Specification:
Pressed Moisture: 13.5% max cartons
2,020 15 30,300
cassia Admixture: 2% max (net 25 kg)
No fungus, reddish colour
Moisture: 13,5% max
Admixture: 1% max cartons
Star Anise 2120 5 10,600
No fungus, mold, insect (net 10 kg)
Broken: 15 % max

Total value of the contract: USD 40,900

(Say in words: United States Dollar fourty thousand nine hundred only )
The above price is understood to be CIF Visakhapatnam, India as per Incoterms 2010.

Article 2: Delivery:
 Transshipment:  allowed  not allowed
 Shipment: shipment will be made 20 days since the date of receiving deposit in Seller’s
account.
 Port of loading: Haiphong port, Vietnam.
 Port of discharge: Visakhapatnam, India.

Article 3: Marking : As per buyer’s instruction. Marking should be sent to the Seller 02 days after
signing the contract and once the marking is confirmed any changes will be charged.

Article 4: Payment terms:

 After the purchase order is confirmed by the seller, the deposit amount of USD 4,090 (10%
contract value) has to be made no later than 12 Jan 2016 and to be available at the Seller’s
th

bank account not later than next 03 days. Bank swift copy of payment is required to present to
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the Seller no later than 12 Jan 2016.
 The remaining amount of USD 36,810 (90% contract value) shall be balanced by T/T within
05 days against copy B/L.

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Article 5: Document requirements:
 Commercial Invoice
 Packing List
 Full set (3/3) Bill of Lading (B/L)
 Phytosanitory Certificate
 Fumigation Certificate
 Certificate of Origin
 Insurrance Certificate

Article 6: Additional terms:

The contract shall only come into effect if the deposit payment is punctually made as the duration
mentioned above.

Bank swift message of payment is required to provide to the seller by fax/scan file.

In case of balance payment is delayed later than 05 working days from the date Seller send the copy
B/L, the Seller has the right to drop the cargo at transshipped port. All the related charges (demurrage,
detention... at the transshipped port) in this case shall be at buyer's account.

All bank charges at the Seller’s bank are for the Seller’s account. All bank charges at the Buyer’s bank
and intermediary banks outside Vietnam are for the Buyer’s account. The seller should receive full
amount as per contract without any deduction. In case of any deduction the Seller have the right to
claim this shortage amount and the Buyer have to reimburse to the Seller.

2% interest rate per month value shall be applicable against late payment.

The seller is subject to all Force Majeure clauses which are unforeseeable and unavoidable
(earthquake, tsunami, war, strike, long - lasting ultra weather,…) caused delays or fails to make the
delivery of goods. However, in such cases the seller will advise the buyer in writing immediately upon
the occurrence of the force majeure event.

Article 7: Arbitration:
Any disputes arising in connection with the present contract if not amicably settled by both parties will
be submitted and finally settled by Vietnam International Arbitration Centre (VIAC) attached to the
Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi, Vietnam under the Rules of this centre.

FOR THE SELLER FOR THE BUYER

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