SUPPLY OF MAIZE CONTRACT

THIS AGREEMENT made the 22ND day of June, 2020 between Parin African Limited of
Agir House Nii Nartai stree, Dzorwulu, Accra (Hereinafter called “the Company”) of the one
part and CHRISCOL IMPRESSIONS of P.O.BOX 562, Atomic, Accra, (hereinafter referred to
as “the Supplier”) on the other part.

WHEREAS:- The Supplier has in stock of more than 10,000 bags of Maize, with each bag
weighing 50kg of yellow maize beans. The supplier agrees to transport all these bags of the
yellow maize beans to the warehouse of the Company in Tema.

The Supplier has been contracted by the Company to transport the bags of maize in perfect
conditions for a year based on a weekly schedule between both parties.

NOW THEREFORE, in light of the foregoing, the parties agree to the following:

1. SUPPLY SERVICES

1.1.1 The Supplier shall provide transport service for the delivery of all the bags of maize to
the warehouse of the Company which is situated in Tema.

1.1.2 The Company shall make payment in FULL to the Supplier for the quantity of bags
delivered at the warehouse of the Company

1.1.3 The Supplier shall bear all the expenses which would be associated with the
transportation of the goods to the Company’s warehouse.

1.1.4 The Supplier shall also meet all state and local regulations in transporting the bags of
maize to the Company’s warehouse.

1.1.5 The Supplier shall commence operation not later than FIVE (5) days after signing this
agreement.

1.1.6 The Supplier shall supply a minimum of 2000 bags of 50kg yellow maize every week at
the agreed price per each month.

ll state and local regulations in transporting the bags of maize to the Company’s warehouse.
2. PRICE

2.1.1 The Company shall pay for the delivered 50kg bag of yellow maize at a rate of Sixty
Ghana Cedis (60 Ghc)

2.1.2 The Company shall ensure that all the hindrances are eliminated for the Supplier in the
execution of their delivery job.

3. PAYMENT

3.1.1 An invoice shall be issued for the successful delivery of the bags on daily basis.

3.1.2 Subsequent payment shall be done within 24 hours after the delivery of the said bags
which the invoice has already been raised the previous day.

4. TERM

This Agreement is for an initial period of one year and renewal subject to mutual agreement.

5. TERMS AND ARBITRATION

This Agreement may be terminated by either Party upon 30 days’ advance notice of such
intention.

6. FORCE MAJEURE

Neither party to this Agreement shall be liable for failure to perform any of its obligations
hereunder if prevented from doing so by reason of force majeure.

7. GOVERNING LAW

This Agreement shall in all respects be governed and construed in accordance with the Laws of
the REPUBLIC OF GHANA.
8. RESOLUTION OF DISPUTES

Any dispute arising between the Parties shall be determined by a court of competent jurisdiction
in GHANA and may upon agreement between the Parties be submitted for arbitration.

9. NOTICES
Any notice shall be sufficiently served if sent by registered post or a courier and the receipt
signed by a party to the addresses specified below or directly/personally served with witnesses.

SIGNED………………… SIGNED...................................

For and on behalf of: For and on behalf of:

CHRISCOL IMPRESSIONS Parin African Limited
Collins Edem Agbenyegah Ajit Kumar Jain
(Managing Director) (Managing Director)