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INDONESIA SILICA SAND SALES AND PURCHASE CONTRACT Contract No. KSS/CSCL/SS/2021/04/12 ENE REW Wate Fel DATE ASA: 2021/04/28 SELLER #7: CV KAPUAS KARYA SILICA ADD — itthk: Jin Pasar Lama RT 24,Kec. Bataguh,Kab. Kapuas, Kalimantan ‘Tengah BUYER 32%: SUZHOU TONGQINGFENG CHEMICAL CO.,LTD ADD — dh: Room 1601, Building A,Suzhou City Life Plaza,251 Pinglong Road,Gusu District,Suzhou Whereas: The parties here -d the contract between them under the following terms and conditions: UP RR: to desire to WA BEET ae he ARTICLE 1-QUANTITY Bo: BOE “The buyer hereby agrees to buy from the Seller and the Seller agrees to sell to the Buyer 20,000MT (metric ton) +/- 10 % of Indonesia Silica sand BA LATTA EAST EI ARTICLE 2-MATERIAL QUALITY REQUIREMENTS RoR: PR PER bs I-F720,000 284 +/- 10% ENE PER. Fe203 : Above 0.01% Reject. Fifi, SiO2 AIL 99%, HMC. Fifi, Fe203 HALAL T 0.01%, HH Moisture : 0 ~ 5% Max There is no impurity enough to cause obvious coloring of glass, loss on ignition is detected for each batch. Impurity content (reference test) requirements: PERRET EATEN, GRIMM. RRS (Sa) BRK Cu< Ippm; CoS Ippm; NiSIppm; MnS40ppm; Chromium oxide (€203) < Sppm, particle size < 0.15mm; Mud content < 0.5%. Physical index requirements. #3838} 28: Size Ki. 0.85mm (+ 22 mesh) < 0; 0.85-0.7 1mm (22-25 mesh) < 0.2%; 0.71-0.10mm (25-150 mesh) > 93.8%; <0.01mm (- 150 mesh) < 6%, (or) < 0.106% mm (- 140 mesh) < 10% More than 0,2% Bigger than 25 Mesh, Reject. More than 5% Smaller than 140 Mesh, Reject. Kb, tit 0.2% AF 25 A, HBC. Kb, BL 5% F140 A, ABUL. ARTICLE 3-PRICE, aR: br The price is CRF Xiamen port, China USS43 ( US Dollars Forty Three only ) per metric ton, with the specifications as stated in article No.2. RF RES EAE IN OM: BURR EH ERI TE, 829 CRF USS43. fit» ARTICLE 4— CONTRACT DURATION PERIOD AOR AAR Contract duration period ninety days (90) AHIR 90K. ARTICLE 5 -DELIVERY TERMS AND TIME OF DELIVERY RHR: SKRRRM AL 5.1 CRF China Xiamen port, in 60, of credit at sight, ship by oes ARAB 2000 ¢ (HBR HE 5 AE Jes UNC BAS AR BD SA 5.2 Partial shipment not all ASOVE AAI 5.3 Loading Port 38 ae this contract and received of Irrevocable Letter ince with the provisions of Incoterms 2000. es SEA MY CFR Tb G FAIA LE" EDN LE WHATS Save Port Taboneo Kalimantan Selatan, Indoesia, ARTICLE 6-PACKING BN: CHR Cargo in Bulk @e8 ARTICAL 7-WEIGHT DETERMINATION Bok: AWE 7.1 Bach Silica sand shipment’s weight shall be certificated by independent surveyor agreed by both parties. Appointed Sucofindo Independent surveyor’s certified weight shall be determined as Invoice weight. Survey and inspection cost shall be borne seller. RGAE WD i CEI HE a L7H FF] RELAY WAIVE, Suucofindo VES AR A iE £4 Ly Hk MS BRE. HONE A Sey RA. 7.2 The buyer may at his own cost engage 3" party or dispatch its own staff to witness the final ‘weight measurement at the loading port STAT PAH = Hy RAIL EAH SPAS DLL Ee A TE ARTICLE 8 - SAMPLE AND ANALYSIA. BR: RAG 8.1 During loading the Buyer have the right to take sampling and analysis periodically, if the quality does not comply to the specification as agreed, the Buyer has the right to reject. SAFE OM, KATATE A A ER, UR EL GA ASA Te RE KA APEC. 8.2 The Seller engages Sucofindo surveyor Indonesia to take sampling and analysis cargoes at the port of loading. Sampling of each shipment shall be during loading. Buyer representative have the right to witness the sampling. ‘The method of sampling and analysis will be based on the Sucofindo standard method, and the result is final. The analysis result must be ready one day before completion of loading. The cost of Sucofindo will be paid by the Seller. tee + AUER (L48 77 SURIK Sucofindo PRE DMT, J+ ALE ERES AMWAY —-ASERR, Sucofindo #8 Fi HSE 77 ARAB TER AIES TT HH Sucofindo RAKEBLHI A AWC FE Rh DEAT RT. FORTE it, KALA RRS The buyer may ayf at the loading poft UE Heat at WATE » ARTICLE 9- PAY! PER ANCE BOND), 3 a an “a AN Sha: ABTA BER 9.1 After 7 days signed the contract, Supplier shall obtain and maintain a Performance Security for proper performance, in the amount of 2% of the contract price. The Performance Security in relation to the contract must remain valid from the date of issue until accomplishment of the contract. After the elapse of that period and provided no claim has been made under the Performance Security which remains unpaid at that moment, Buyer shall promptly return the Performance Security.The buyer shall issue the irrevocable Letter of credit at sight within 20 working days after receipt of of performance bond to activate this contract, Reference to annex | for the format of the performance bond WHATS TLGAN, RSRALAATA ASN 20H RAHRB EAHA %. BARHSMWOMERETARRA, SAMAR, ASPIRE RSM KR, LAMAR 20 NOFA AA RATERS BIE, LOMEAATE). AB AREAS IRIE Le 9.2 Each Performance Bond shall be issued by a bank with a long-term, senior unsecured credit rating of at least Baa3 by moody’s or BBB- by Standard & Poor's or Fitch, and shall be in the form set out of Schedule | and 2. BAREAAURTBREBAIPR Baas L_bavER TR BBB-LA bie. 9.3 Seller shall present the following documents for payment: SF ARE F BUSCH ELBA EK Documents for payment 4 i" tiE a, Three (3) original copies of Commercial Invoice each signed by the seller detailing the quantity ofsilica sand shipped, unit price, the amount due in-accordance with the term thereof, the name of the vessel, Bill of Lading date showing weight and price as per Sucofindo INDONESIA certificate. 3 GPE A — TAM REE ETE SD, AT, ew, HATA, A b. A full set of three (3) original negotiable clean on board Bill of Lading, marked “Freight Payable”. as per Charter Party” made-out to order and blank endorsed, marked, and notifying applicant. 3 IEA ALANNAH, TEDL ” Freight Payable “. “27945, Jf M faLE IA. c. Three copy of Packi, ist i tite d. Three copy of Cepfi f .d by Sucofindo, Indonesia. cn Jed by Sucofindo Indo Bh se 4 FH Sucofindo, FF Li Lan Is ed ‘ul is f£. One origin and three copies of Certificate of origin (Form E). (Form E) Jit" MiE+3 BEAM HRA. ARTICLE 10: UNLOADING RATE/ DEMURRAGE! D) Bae SG AD CER RTE 10.1 NOR at unload port to be tendered and accepted WIPON, WIBON, WIFPON, WCCON, ATDNSHINC, and laytime shall commence 12 (twelve) hours after Notice of Readiness. AA Ke Se EAS BS BE RES Js — AE ha 2 A "NOR "38 FL KG TUBE NOR Jai 12 Ase FP LH. 10.2 At least 9,000 (nine thousand) metric tons PWWDSHINC of Silica sand shall be unloaded at the discharging Port, China per 24 consecutive hours as arranged by Buyer. Demurrage / Dispatch rates per day shall follow the terms and conditions as per Charter Party which shall be notify to the Buyer by the Seller before the vessel arrived. ERIE, 93% Ay 9,000 NR, PWWDSHINC FENG EY Z WE ALANS RE EEA EH 10.3 All consequences include demurrage But not caused by the Seller and other penalty of unloading activities at unloading port shall be paid by the Buyer PES RHE ACE PAR USL, AEDS y ADE RA). eS DS DI eS BA IT A AY &, BIKA. 10.4 First opening and last closing of hatches and breakdown of winches will not be counted as lay- time. FROAFE EE, UCIT Ti), BBE Ok A RINE AAS lta 4iR EN EIT TD AN 10.5 Notices of Readiness (NOR ) ~ Notice of Readiness shall be tendered at the nominated unloading port during normal office hours between 08:00 hours and 13:00 hours on Saturday and ‘Sunday and holiday included, when the vessel is in all respect ready to unload commodity commenced. CEASE, AES AE RATT IP, POR TIEN, ey PERE RAGAN, AY TE — 28 OT, SHARES A, MAERUA, BUG REGARM LE 8 REEF I she 10.6 Seller shall give to Buyer at least 7 ( seven ) days prior to the expected date of arrival of the performing nominated vessel suitable for unloading at the Unloading Port with all details, and Buyer shall confirm such notice within 3 (three ) working days after receipt thereof to the Seller. In the absence of any response to Seller’s nomination, it will be considered that the Buyer has accepted the Notice. LA UATE ALT BLN HE TRA HAAMIU, Heel 3K, 10.7 In exceptional cases II(s) of lading have not reached are not likely to reach the discharge port at the lischarge will be allowed agnivst-Letter of Indemnity counter signed by the b a Seige as per the format to be/@:ven by the Seller. + KATH SARE R AEE. Sein seat PHI St 5 UGE Pe ARE LA A ALT, AABN AS Fi TEMES A AS 3 PT 10.8 The shipping agency Sie 4 50, 5 iN fe. wwe SN SUSE AEMIR HEE» 10.9 Vessel shall be maximum 25 years old. The OAP ( over age premium ) and deductible risk thus occurred shall be borne by Seller. Ze BATA SR RGIS Dy 25 4 ERE I A EK Uh Ey ARH, ARTICLE 1 - INSURANCE Be AR Insurance shall be borne by buyer PRON Ey ARH. Afier Loading, due to the mandatory requirements of insurance, it is necessary to feed back the details of shipment to buyer within 24 hours.The port of destination needs the information of the ship's condition and the charter party, BAG) FARIS, A 24 HE wR EAs «FL RASS AG BAR AN OE AALS Fe. {ONFIDENTIALITY ‘This Contract is confidential and shall not be disclosed to any third party. Both parties also agree not ‘o circumvent each other with their respective supplier, Seller or Buyer, or their agents, representative(s) for a period of minimum of 24 months after the expiry or completion of the Contract whichever is the latter: AGRE LH, AGA SNHLAR. (ALL, (Ae aL TEMES E244 A AL, ESERR BARC. MARAE, mT LEER RO hE Fi BCA HT UAT SEH) « ARTICLE 13-FORCE MAJEURE Bae: BGA If strike or labor disturbance, fire, accidents, weather, war. Embargoes, lack or shortage of transportation facilitates, delays of vessel in arriving atthe port of loading, failure of and delays of any ther carried, order o regulations or acts of any government; authority, shutdown or intemuption of Seller's facilities for production or loading of silica sand or any cause or contingency beyond the Control of the Seller or Buyer with the exception of Buyer's payment obligations, prevent or hinder or delay delivery by the Seller or receipt by the Buyer this contract shall be deemed suspended so long As delivery by the Seller or receipt by-the-luuyer is prevent or delayed by such eause or contingency The party affected by occurrence a ice Majeure shall immediately advise the other party in writing, co SOR BLAH BSF T Hi YY GR. SPB Bi ee ize SPE EF eh AEA athe SBR LAE Eh a ee MH a Re Ye IVE DAP A IEE, Ble Seah ade BW ~~ >HI i Hb CRT AAREBRSD) » — AUREL, ASEM, SAAT eA ema ed DST SH FA 75 ARTICLE 14-NOTICE Ds: sea . 14.1 All notice given under this contract shall be in writing or confirmed in writing ACES Te BIT ATI Ls AAA PS I A STZ SA 14.2 Notice shall be served by actual delivery or fax and shall be deemed to be received by each either. Bm (EOLA AE HL, Fie De aN ee te I OH ERT TT. ARTICLE 15-ASSIGNMENT BHR: ANE Neither party may without the prior written consent of the other assign this contract or any of its right ot obligations here-under to any third party. Any such purported assignment shall be void. FEM HAAR TG AT RELEASE Te, AAS IEUA F UAL AVAL SILER EAT BS Ti « AE AR) EAR PA SEE RE ALE AY ARTICLE 16-ENTIRE CONTRACT: MODIFICATION BNR: Pla This contract constitutes the entire agreement between the Seller and the Buyer concerning the subjected matter hereof. All previous documents, undertaking and agreement, whether verbal, written or the otherwise, between the parties concerning the subject matter hereof are hereby called and shall not affect or modify. Any modifications of this contract shall be made by written agreement between the parties. Ax-¢> FA Bis Se SERRA BR AL Ff FFE 1 SEITE RL TAT LMA RT A FUP A ITU ACLS, PUEDE Ce. A. DOLE. AAA BBBARA AMI —€ ARTICLE 17-WAIVER Stak: FAL ‘The failure of either party to insist upon strict adherence to any terms of this contract on any occasion shall be considered a waiver of any right there after to insist upon strict adherence to the terms or any other terms of this contract, any wi HEPTR EF, MRE R75 hy ta eS gy Nf Gu This contract shall be governed by and construed in accordance with the provisions of the Laws of Singapore. AE LAA HVA, C5 ABE — i A UH. In the event of any dispute between Buyer and Seller out of or in connection with this contract, including any question regarding its existence, validity, termination or performance of this contract or in the case of a disagreement on the quality of Silica sand or non-supply of Silica sand within the period except under force majeure shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Center (SIAC). SESH A LAT AS A AL A EAT SR, CHR REEL, AGRE, AA: PSP AAT SLA REI PPLE RE, TLS Bl, NT CREAR RRA Boo WARN, Wt 2Y sp, Ha ACHR Ge EA A ee a ARTICLE 19-SEVERABILITY BR: Ae The validity of remaining provision of the contract shall not be affected by a court, administrative board or other proceedings of competent jurisdiction deciding that any provision or part of this contract is illegal, unenforceable, in conflict with any or contrary to public policy. In such event, the parties, hereto shall by amendment to mutual consent, replace such provisions by a reasonable new provision of provision which as far as legal possible and approximately to what the parties intended by such original provision and the purpose thereof. REALAGE IR ZEA Pe RE HE th 4 ALR A DEG RE ID LA SAC ST OR FRA AE 9D SK Abi. ARIAT Dy. RAE SAVARD AMA BE» BAS RY TR) AR AR A AEA me, AURAL ARR, AT TL SOL. HY PRIS AR aK, We aA A SR FR CEIR BEA WU Hy ED HS PRP AL ARTICLE 20-GENERAL CLAUSES Ro: WRK 20.1 If after the conclusion of this contract, any of the party should be confronted with difficulties in executing its obligation under the present contract; such difficulties shall serve as no excuse for failing to comply with the terms and conditions of the contract, SUBST i, HABIT LAE, AE BIER ASR EB AT AR RO the 20.2 This contract shall be made in English and Chinese, and English shall prevail. ARG FALMER DoH. 20.3 All other conditions which are not, 2000 and other International trade, HRM RATES Fl Pa fxs 20.4 This contract shall be efféctive es seal is considered effective. i ACLS SPIE IPE

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