i ZR eR AE AF (Changzhou City Jintan District Weige Biological Technology Co.Ltd Purchase Contract No: WG-221116-PAO Date:16th Nov,2022 Seller: PT.UNIVERSAL FARM INDONESIA ‘Add: Gedung Jaya Sth Floor Blok 8 A02,JL.MH.Thamrin No.12,Kebon Sirih Menteng,Jakarta Pusat, Jakarta 10340, Republic Of Indonesia, Company Registration: 1703220022949 ISCC CERT Number: EU-ISCC-Cert-1D180-13847001 Contact Number: +6281993478257 Email: admin@universal-farm.com Buyer: Changzhou City Jintan District Weige Biological Technology Co.,Ltd ‘Add. No, 19-1 Xinghe Road (E), Jintan District, Jiangsu China TEL: +86-512-56308195 FAX: 86-512-58932633 Description of Goods Product | Palm Acid oil (PAO) Value Free Fatty Acid 60% MAX [Specification | iodine Value 48-59 Moisture & Impurities 2.0% MAX Sulphur (ppm) 50 MAX bent i Phosphorus (ppm) 50 MAX 1 ‘otal Fatty Matter 97% MIN 3 Melting Point 40°C _MAX ~ 1, Quantity: 3000.00MT (+/-5%) at seller’s Option by Bulk; 2. Unit Price : USD 780/MT, CIF Jiangyin port, China; 3. Port of Loading: Belawan, Indonesia; 4. Port of Destination: Jiangyin port, China; 5. Shipment date: before 25" Dec 2022; 6. Terms Of Payment : 100% irrevocable documentary letter of credit at sight after Bill of Lading against Presentation of the following documents: 2) Original full set of 3/3 clean on board Ocean Bills of Lading, mention Consignee as” Changzhou City Jintan District Weige Biological Technology Co,Ltd, Address: No19-1 Xinghe Road (E),Jintan District, Changzhou China.” 2) Signed commercial invoice in 3 originals 3). Signed Packing List in 3 originals; 4) Certificate of Inspection certifying quality & quantity n triplicate issued by independent party; 5) Original copy and the triplicate copy of Form E, showing consignee: “Changzhou City Jintan District Weige Biological Technology Co.,Ltd. Address: No19-1 Xinghe Road (E}, Jintan District, Changzhou China” with HS code of 3823.19; 6) Insurance policy covering all risks & war risk for 110% of invoice value, showing compensation at destination available, 7) Full set of loading report. 8) MARPOL docsIl a AF @ Changzhou City Jintan District Weige Biological Technology Co.,Ltd 9) ISCC Sustainability Declaration, GHG value 40 MAX kgCO2eq/dry-ton 7.Bank Information: Name Of Bank PT.Bank Rakyat Indonesia (Persero) Tbk Name Of Branch Bank _| Bank Rakyat Indonesia KC Kebon Kacang ‘Account Name PT.UNIVERSAL FARM INDONESIA Bank Account No 2006-02-000016-30-2 Swift Code BRINIDIAXXX 8. Maritime Conditions: 8.1 Laytime: Nor+6 hours, Loading rate: 125mt /H at least, SHIN ; others as per charter party Seller shall be liable for any and all demurrage at the loading port which shall be payable upon Seller's first demand; 8.2 The seller will guarantee the temperature of cargo will be over 65°C before arrival at discharging rate, 8.3 Late delivery of Contract Goods: Seller shall provide the sheet for cargo update each week for buyer’ confirmation , and at least three days earlier of the week to notify Buyer promptly of any actual or anticipated delay in the delivery by fax or Email and take all reasonable steps to avoid or end delays without additional cost to Buyer; 8.4 If Buyer within seven (7) working days is unable to complete the L/C after contract signing, subject to a fine of 12% face of the contract value; 8.5 In the event Seller for its own sake falls to make delivery of the Contract Goods on time as stipulated in this Contract over two weeks, Seller shall compensate 10% of the contract value as liquidated damages to the Buyer, sey 9. Sustainabilty: seller shall ensure that delivered material wll be accompanied with proof of sustainability corresponding to the specific product and quantity Purchased, as provided for in the renewable energy 2 directive (2008/28/EC) of the European pariament an of te ound EU RED comin. Al documents ané data are reliable and traceable. Seller wil be responsible if any fellure. = 10. Determination of quantity and quality 10.1 Quality analysis shall be carried out by independent surveyor mutually appointed by both buyer and seller, according to Industry standard, and final quality Is determined by the pre-shipment analysis from the appointed shore tank, 10.2 Quantity measurement shall be carried out by independent surveyor, mutually appointed by both buyer and seller, and final quantity shall be based on vessel measurement. 10.3 The independent surveyors findings for quantity and quality shall be final and binding for Seller and Buyer except in the event of manifest error and/or fraud, 10.4 Quantity and quality will be final at discharging port and binding for both parties 10.5 The unit price will discount 1% as MIU exceeds every 1%. If the total content of MIU exceeds 5%, the Unit price will be discounted by 2% for the part which more than 1%; 11. Responsibilities of the Seller 11.1 Quantity and Quality: Delivery of agreed quantity consisting of agreed quality within the determined Period of this contract; 11.2 Product Clearance: Full clearance of Product for export agreed within this Contract. 11.3 Taxes: Any duty, valorem property or similar taxes imposed on the Product prior to delivery and any sales,value added or similar tax or duty imposed on the sale or purchase of the Product shall be the responsibility of the Seller;| __ BK aE AE AA @ Changzhou City Jintan District Weige Biological Technology Co.,Ltd 11.4 All export taxes, duties and charges, whether existing or new on the Goods and/or contained element and/or commercial documents relating to the Goods and/or transaction incurred at the port of loading shall be borne by the seller; 11.5 The seller shall nominate vessel which must be acceptable to the port of shipment with suitable freight space 12 Responsibilities of the Buyer 12.1 The Buyer shall nominate vessel which must be acceptable to the port of shipment with suitable freight space 12.2 The port to receive the Goods is nominated by the Buyer and must be specified in each Buyer Purchase Order 12.3 All import taxes, duties and charges, whether existing or new on the Goods and/or contained element and/or commercial documents relating to the Goods and/or transaction incurred at the port of Destination shall be borne by the Buyer; 13. Third party Rights: Nothing in the Contract shall be considered or construed as conferring any right or benefit on a person not a party to the Contract, 14. Governing Law: This Contract and any dispute or claim arising out of or in connection with itor its subject ‘matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of Singapore. 1S: Force Majecure: Nelther Seller nor Buyer shall be liable in damages or otherwise for any failure or delay in performance of any obligation hereunder other than obligation to make payment or provide security, where such failure or delay is caused by force majeure, being any event, occurrence or circumstance reasonably beyond the control of Buyer, Seller and/or the Seller's supplier, including without prejudice to he generality of the foregoing, failure or delay caused by or resulting from acts of god, strikes, fires, floods, wars (whether declared or undeclared), riots, civil commotion, destruction of material, delays of carriers due to breakdown or adverse weather, perils of the seas, embargoes, accidents, restrictions imposed by or the actions of any governmental authority and/or the United Nations (Including but not limited to sanctions, freezing of assets, allocations, priorities, requisitions, quotas and price controls) The party declaring force majeure must inform the non-declaring party promptly after the occurrence of the event and in writing. The time of Seller to make or Buyer to receive delivery hereunder shall be extended during any period in which delivery shall be delayed or prevented by reason of any of the foregoing clauses, up to a total of 60 (sixty) calendar days. If any delivery hereunder shall be so delayed or prevented for more than 60 (sixty) calendar days, either party may terminate this Contract with respect to such delivery upon written notice to the other party. Seller shall not be obliged to purchase afloat or otherwise purchase from other suppliers to make good shortages or deficiency of delivery resulting from a force majeure event. 16, Amendments: any amendments to this Contract shall not be effective unless make in writing and clearly agreed and accepted by both Buyer and Seller 17, Entire Agreement: This Contract Contains the entire agreement between the parties with respect of the subject matter hereof and supersedes all previous proposals, negotiations, representations, broker confirmations, (Which shall be for the sole purpose of documenting commission, if any) and any contract confirmation generated by the counter party relating thereto 18: Severability: In the event any of these provisions arc or become unenforceable under the applicable lawIt @ = K AE RA Changzhou City Jintan District Weige Biological Technology Co.,Ltd as set out in Clause 12. Governing law, then such provision shall be modified or limited in its effect to the extent necessary to cause it to be enforceable. Otherwise such provision shall be severed and the remaining provisions of the Contract shall continue in lull force. 19: Confidentiality: All terms and other elements of this Contract arc to be kept private and confidential by all parties concerned 20. Compliance:Seller and Buyer warrant, represent and undertake that they will comply with all applicable {aws, rules and regulations in relation to the execution and performance of this contract, including but not limited to, anti-money laundering, anti-bribery and corruption and tax laws and all applicable sanctions; 21. Assignment:Without the prior written consent of the other party, which consent shall not be unreasonably withheld, neither party may assign its rights or obligations under this agreement in full or in part, except that the seller or its assigns may without such consent assign all or any part oftheir rights f0 receive and obtain payment under the contract in order to feciltate collateral security or bank funding arrangements. Any such assignment will not diminish or amend the seller's obligations under thie Contract; 22. Liablties: Except as expressly provided for in this Contract, neither Seller nor Buyer shall in any event, including but not limited to, any negligent act or omission on its part, be liable in Contract, tort, breach of statutory duty or otherwise, in respect of any consequential, indirect or special losses, expenses or damages of any kind, arising out of or in any way connected with, the conclusion, the performance, the failure to perform or the termination of the Contract. In addition. Seller shall in no circumstances be {fable for more than the difference between the market price and the contractual price with respect to the relevant quantity of Product, nor be liable for any loss of profit or anticipated profit, use, goodwill, business receipts. Contracts or commercial opportunities, market reputation, cost of overheads thrown away or loss resulting from shut-down of any plant of Buyer or of the receiver of the Product, whether or not foreseeable. Any cleim of Buyer shall be deemed to be walved and any liability of Seller shall be extinguished unless a Gaim accompanied with evidence fully supporting the claim is received by Seller within 30 (thirty) calendar Gays after the arrival of the Product at the discharge port as evidenced by the carrying vessel's notice of readiness, Guyer agrees to indemnity, defend and hold Seller and its affilates harmless from lability for any and all Gemancs or claims arising from injuries sustained or damages suffered following the passage of rise and Property in the Product as herein above provided, and which may arise in connection with the transportation, paar Candling of any Product or admixture thereof, whether delivery is made to Buyer, its assigns, or nominees. 25: Other Conditions: Incoterms 2010 shall apply where not in conflict with the other conditions of the Contract Third party documents accepted except commercial invoice ihe validity of credit is 45 days after shipment date. Presentation must be made not later than 30 calender days after the date of shipment but within the validity of this credit. ‘No notice or communication from the seller tothe buyer arising out of or in connection with this contract shall be effective unless or until it has been received by the seller in writing within office hours (0830 to 1730) in the relevant time zone and sent in accordance with the notifications provisions herein. Any notice or “fect. Any notice or communications received after 1730 (as described above) shall be deemed to have been received on the next working day.Il BER Aw @ Changzhou City Jintan District Weige Biological Technology Co.,Ltd If the shipment, quantity will be changed, Seller should ship the cargo on time as stipulated in this contract, 'ed herein shall be settled by both parties it should be 15 days early advised the buyer. Matters not mention: through negotiation. ‘This CONTRACT will be effective after both parties duly signed this contract and the copy of the fax/email is regarded the same as the original documents, Seller: PT.UNIVERSAL FARM INDONESIA Buyer: Changzhou City Jintan District Weige cal Technology’Co,,Lid — TIA KSEE Ns Signature&Seal Sig