GUANGDONG CHIGO AIR CONDITIONING CO. LTD.

FENGGANG ROAD, LISHUI TOWN, NANHAI, FOSHAN CITY, GUANGDONG, CHINA P.C. 528244.

SALES CONTRACT
PI DATE: 2/17/2020
THE SELLER: GUANGDONG CHIGO AIR CONDITIONING CO., LTD. NO.: AP20200217800
ADD: SHENGLI INDUSTRIAL DISTRICT, LISHUI TOWN, NANHAI, FOSHAN, GUANGDONG,CHINA, P.C.528244
THE BUYER:Pak Elektron Limited (PEL)
14km Ferozepur Road, Lahore-54760, Pakistan
FROM: ANY PORT,CHINA TO: Any port in Pakistan BY SEA
TRADE DISCOUNTED PRICE
DESCRIPTIONS 　 MODEL HS CODE QUANTITY AMOUNT
MARKS (EXW)
EVAPORATOR PSAC 12K DI 5 PCS USD 34.50 /PCS $172.50
EVAPORATOR PSAC 18K DI 8 PCS USD 42.30 /PCS $338.40
EVAPORATOR PINVIS-12K-INV-O-SENSE 5 PCS USD 33.50 /PCS $167.50
EVAPORATOR PINVIS-18K-INV-O-SENSE 8 PCS USD 45.80 /PCS $366.40
HORIZONTAL LOUVER PFSAC-48K ES (H&C) 10 PCS USD 4.80 /PCS $48.00
N/M VERTICAL LOUVER PFSAC-48K ES INV (H&C) 10 PCS USD 1.80 /PCS $18.00
COMPRESSOR 4-TON PFSAC-48K ES (H&C) 10 PCS USD 310.60 /PCS $3,106.00
AIR SENSOR (ID) PFSAC-48K ES INV (H&C) 5 PCS USD 0.80 /PCS $4.00
LOUVER MOTOR VERTICAL PFSAC-48K ES INV (H&C) 5 PCS USD 2.10 /PCS $10.50
TRADE TERMS: EXW ON CHIGO FACTORY
TOTAL GOODS VALUE: 66 PCS USD 4,231.30

DELIVERY THE BUYER SHALL EFFECT DELIVERY NO LATER THAN 15 DAYS AFTER FINISHING PRODUCTION. ANY LOSS CAUSED BY THE LATE DELIVERY SHALL BE ON THE BUYER'S ACCOUNT.
TERMS:
PAYMENT L/C at sight
TERMS:
BANK THE AGRICULTURAL BANK OF CHINA GUANGDONG NANHAI SUB-BRANCH
DETAILS: ADD:JINHUI BUILDING,NANHAI AVE NORTH,GUICHENG,NANHAI DISTRICT FOSHAN GUANGDONG CHINA
SWIFT CODE: ABOCCNBJ190
A/C NO: 44519514040002515 (FOR USD ACOUNT)

●BENEFICIARY'S NAME: GUANGDONG CHIGO AIR CONDITIONING CO., LTD.

●ADDRESS: FENGGANG ROAD,LISHUI TOWN, NANHAI, FOSHAN CITY, GUANGDONG, CHINA P.C. 528244.
●ALL BANK CHARGES OUTSIDE CHINA ARE FOR THE ACCOUNT OF BUYER
●(FOR L/C PAYMENT, L/C NEGOTIATION BANK: ANY BANK IN CHINA)

NOTES:

1. IF BOTH PARTIES SIGNED OTHER AGREEMENTS, THEY ARE SUBJECT TO THIS CONTRACT, SHARING THE SAME EQUAL LEGAL EFFECT, CONFLICTS BETWEEN OTHER AGREEMENTS AND THIS CONTRACT, IF ANY, ARE
SUBJECT TO THE CONTRACT CLAUSE UNLESS CONFIRMED BY BOTH PARTIES WITH OTHER FORMAL AGREEMENT.

2. IF INTENDING TO MAKE ANY CHANGE TO THE ORDER ONCE CONFIRMED, THE BUYER SHALL INFORM THE SELLER NO LATER THAN 18 DAYS PRIOR TO THE DATE OF PRODUCTION. ANY LOSS CAUSED BY ORDER CHANGE
SHALL BE ON THE BUYER'S ACCOUNT.

3. IF COST OF MATERIALS FLUCTUATION REACHES AND OVER 3% OR RMB APPRECIATES OVER 2%, THE SELLER RESERVE THE RIGHT OF PRICE ADJUSTMENT.

4. IN CASE OF BALANCE PAYMENT AFTER DELIVERY, IF ANY DELAY, ALL LOSSES CAUSED BY LATE PAYMENT SHALL BE ON THE BUYER'S ACCOUNT. THE SELLER ALSO RESERVE THE RIGHT TO COLLECT DAILY
INTEREST 0.05% OF THE BALANCE PAYMENT FROM THE BUYER. AT THE SAME TIME THE SELLER RESERVE THE PROPRIETARY RIGHTS OF PRODUCTS UNTIL PAID IN FULL TO THE EXTENT THAT SUCH
RETENTION OF PROPERTY IS VALID UNDER THE APPLICABLE LAW. THE BUYER SHALL AT THE REQUEST OF THE SELLER ASSIST THE SELLER IN TAKING ANY NECESSARY MEASURE TO PROTECT THE
SELLER'S PROPRIETARY RIGHTS OF THE PRODUCTS IN THE COUNTRY CONCERNED. THE RETENTION OF TITLE SHALL NOT AFFECT THE PASSING OF RISK HEREWITH. THE SELLER RESERVE THE RIGHT TO
DISPOSE THE CARGO IF THE BUYER FAIL TO PAY OFF THE BALANCE WITHIN THE TIME AGREED BY BOTH PARTIES.

5. FOR C&F OR CIF PRICE TERM, IF THE OCEAN FREIGHT FLUCTUATES OBVIOUSLY, THE SELLER RESERVE THE RIGHT TO ADJUST THE OCEAN FREIGHT CHARGE ACCORDINGLY.

6. ALL DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS CONTRACT FIRSTLY SHALL BE SETTLED THROUGH FRIENDLY NEGOTIATON BY BOTH PARTIES. IN CASE THAT BOTH PARTIES REACH NO SETTLEMENT, THE
SELLER REMAINS THE RIGHT TO CHOSE THE VENUE AND WAY OF LITIGATION.

Stamp & Authorized Signature by SELLER Stamp & Authorized Signature by BUYER

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