RICE SALE AND PURCHASE CONTRACT Contract No.: Rice -Hapro | Between: HANOI! TRADE JOINT STOCK CORPORATION. ‘Address: 38-40 Le Thai To Str., Hang Trong Ward, Hoan Kiem Dis Represented by: Tran Dinh Viet ~ Director Hereinafter called as the Seller Ha Noi City, Viet Nem ENTECH WORLD, INC. ‘Address: Ace Techno Tower, No, 10, 12F, 196, Gasan digital 1-0, Geumeheon-gu, Seoul, Korea Tel: +82-2-6670-5230 Represented by: Mr. Byung Lib Ahn Hereinafter called as the Buyer “This Contract is made this 16th day of August, 2018 by and between the Buyer end the Seller. WITNESSETH WHEREAS the Buyer wishes to buy and the Seller wishes to sell the under mentioned commodit as per the following terms and conditions; NOW, THEREFORE, in consideration of the mutual covenants herein contained, the Parte agree as follows: 1.1 Commodity: "Vietnamese ‘White Rice 100% Broken 1,2 Origin: Vietnam 1.3 Quantity: 1,000.00 MT (#/- 5% at Seller’ option). 1.4 Quality ‘Moisture : 14% max ‘Whole grain 10710 ove max 7 Broken kernels from 8/10 to whole grain 5.0% mex ‘Broken kernels from 6.5/10 to 8/10 15% max Broken kernels from 3/10 to 6.5/10 759% min ‘Small broken CI 5% max, Foreign matters and pad 05% max - Yellow kemels 2.0% max Damaged kernel 2.0% max, | Crop year 2018 Broken to be obtained from milling/ polishing rice Of 5% and 10% only | ‘Goods asthe sample thers are as per Vietnamese exports standard 15 Packing: “Packed in new, single, white PP bags; Net weight: SOK seach, Empty bag must be 120 Gram/each “Plus 1% marked empty bags, free of charge, supplied by the Seller Packing specifications: aot Bags are brand-new single PP bags, double thread stitched by machine at both ends, Bags ae free from harmful & odor enough and suitable for rough handling and sea transportation 11L6 Marking: to be advised by the Buyer after signing the contract. 1.7 Fumigation: Nam Viet Joint stock company 2A Unit Price: USD 385 / MT- FOB HCM City Port, Vietnam(INCOTERMS 2010) ‘Total contract value: USD 385,000.00 (US Dollars Three hundred Eighty Five thousand only) 2.2 Involcing: Besod on net weight on Certficete of Weight, Quality and Quantity at loading port issued by Lavico. 23 Local charges: Local charges at loading port (including THC, sealing fee, B/L fee, extra worker fee for loading cargo into containers) to be forthe Selle’s account. Local charges at discharge port to be forthe Buyer's account, 3. Loading port + Ho Chi Minh Ports), Vietuam 3.2 Port of discharge ‘Dakar Port in Senegal, 33 Latest date of shipment: September 2018 34 Stuffed shipment reak bulk vessel 3.5 Partial shipment + Not Allowed 3.6 Transshipment : Allowed. 13.7 Notice of shipment: Right after the sailing date, the Seller shall advise Buyer by faxemail of the following information: Total net Weight, Loading port, Name of vessel, Bill of lading Number, Shipment date, ETA, ETD. 38 Free days of demurrage: the Seller must request the shipping line to give at least 21 free days of “demurrage and detention combined; otherwise, the Seller must beat demurrage and detention for number of days les than 21 free days. 4.1 Within 7 working days imevocabie 90 day Shipper’s Usance Letter of Credit LIC”) forthe 100% value of contract quantity by one ‘of the top 5 banks in Koren with the Seller as Beneficiary, and to be advised through: ‘Buyer's bank: © Bank name : KEB Hana Bank vs * Bank Address : Seoul, Korea = Account Name : Entech World, Ine. = Swift Code: KOEXKRSE * Account No ; 800-910029-18604 Sler's bank ‘Bank neme: JOINT STOCK COMMERCIAL BANK FOR INVESTMENT AND DEVELOPMENT OF VIETNAM - HA NOI BRANCH. ‘= Bank Add: 4B LE THANH TONG, HOAN KIEM, HA NOI = Swift Code: BDVVNVX211 = Account No: 2111037017977 + Beneficiary: HANOI TRADE JOINT STOCK CORPORATION = Add: 38-40 Le Thai To, Hoankiem District, He Noi, Vietnam. 4.2 Seller sell submit the below dooumeats to Buyer's bank within 21 daysater BAL dete of issuance. 21. 1 origina, 3 copies of original clean “shipped on board” Bill of Lading (Master Bill), marked “FREIGHT PREPAID or FREIGHT COLLECT” (depending on the agreement between Buyer and Shipping Lines), made out to order blank endorsed and notify Buyer and showing total net weight ofthe shipment 2. 3/3 original of Commercial Invoice issued by the Seller based on Certificate of Weight, Quality and Quantity at loading port issued by Lavico. 3. 379 original of detailed Packing List issued by the Seller showing total number of bags of the shipment and total gross / net weight ofthe shipment. 1 original, 2 photocopies of Certificate of Origin form E issued by Government Authority. 5. 1 original and 3 copies of Phytosanitary Certificate issued by the Government Authority. 6. | foriginal and 3 copies of Fumigation Certificate with Eliminating Mosquito issued by One of Eight Vietnam Fumigation 7. L original, 3 copies of Certifieate of Weight, Quality and Quantity issued by Lavico. 8. 1 original, 3 copies of Certificate of Container Cleanliness issued by Lavico, 9, 1 origina, 3 copiesof Heavy Metal Certificate issued by Lavico. 10, 2 originals, 3 copies of Tallying Certificate issued by Lavico. 11, 2 originals, 3 copies of Certificate of Pesticide Residues issued by Lavico. 2 1,3 copies of Certificate of Health issued by Lavico. B. 14 15, 1 original, 3 copies of Certificate of Moisture of the rice delivered on completion of the loading issued by Lavico. 16. 3 originals, 3 copies of Certificate of Packing issued by Lavico. 17. Fax advice sent by fax\ email advising the Buyer the name of shipping fine and shipment particulars (B/L No, Net weight, total number of bags, ETD, ETA) no later than 2 days after BIL's issuance date. 43 Additions! Conditions: ‘+ All charges inside Senegal are on buyer's account, and all charges outside of Senegal are on Seller's account. The Buyer shall pay the bank interest (0.35% / month) for the above LC to the Seller at the time of LIC settlement, = Allowance +/-5% on quantity/emount . Shipment date and document's date must be on or after contract’s date. 1 B/L must be issued by the shipping line and show full particulars ofthe shipping agent at port of discharge. + Documents to be sent to Buyer’s bank not leer than 21 working days after B/L date of issuance. In case any risks of demurragelstorage arise due to late of sending documents, it will be on Seller's account ‘on both Contracting Parties.Loading port isthe base on which we determine quantity” quality of cargo delivered. IF needed, the Buyer _san send representatives to Sellers warehouse to check cargo together with Lavico to Stet the quality, net ‘weight in each bag. Number of bags in a container willbe checked by Lavico during stuffing into containers at loading port. The Buyer ean send representatives to co-supervise t00, «= The exporting duties, taxes, and exporting license i at Seller's responsibility and risk «the importing duties, taxes and importing licease/pemistion inthe country of discharge port is at Buyer’s responsibilty and risk. Any costs or delays relating tothe Buyer not having proper authority to import will be forthe account of the Buyer. spute and ifthe contracting parties cannot reach an amicable settlement ‘of any claim concerning, vee trot the ease will be refered to Intemational Arbitration Center atthe Chamber of Commerce and Industry of Viemam in accordance with its rues forthe final setlement. The decision taken by this vroaon wil be final, ll ees and expenses occurred from this arbitration sall be bore bythe losing party, The language 10 be used in arbitral proceedings shell be English. Ths contract shall be governed, construed and applied in accordance with English lew, ‘The Foree Majeure Clause 2003 and Hardship Clause 2003 of the Intemational Chamber of Commerse acc Publication No, 650-2033) is hereby incorporate inthis contact. tn case of Force Majeure, Seller must submit to Buyer an Original Centifieste issued Py Chamber of Commerce and Industry at origin country or other Competent Authority as evidence thereof within 15 ‘working days from the date of occurrence of Force Majeure. Vy QORCON TACT EAU ‘This contract comes into effect since the date of signing and both parties undertake to execute strictly all the tenns and conditions. All previous agreements shell become null and vold. Any changes of amendments to this contact shall be made in writing end subject to prior approval from both partis. ‘This contract is made in English. LURC 522 end INCOTERMS 2010 as published by the Intemational Chamber of Commerce shall apply to this contract. Title: CEO ‘Title: Director