1.

Subject matter: Nitrile Gloves (Powder free)

 FOB price: 57USD/ Carton
 Quantity: 5.000.000 (Cartons)
 Total Contract amount: 285.000.000USD
2. Obligations of parties:
2.1. The buyers:
- Cooperate with the Seller to resolve any matter occur during period of
Contract and merchandise exchange process.
- Pay in full and on time to the Seller as agreed in sales contract as well as
payment schedule agreed
- Do not arbitrarily cancel or terminate the Contract contrary to the provisions
of this Contract or the provisions of applicable law
- Check the quality, quantity before gettting the shipment of The Seller's
wearhouse.
2.2. The sellers:
- Supply products to the Buyer with quantity, specification, time and place of
delivery as agreed in Sales contract
- Provide full documents of shipment to the Buyer as soon as delivery done
according to the terms of this Contract
- Cooperate with the Seller to resolve any matter occur during period of
Contract and merchandise exchange process.
- Has reposibilty for the quality of products have enough stickers, seal
according to the terms of this Contract
- Do not arbitrarily cancel or terminate the Contract according to the terms of
this Contract
3. Risks:
 Product: product quality is non-standard (the buyer have to check the quality
before receives product, after that, they bear all the risks about this problem)
 Delivery:
- the buyer will has the risk if the shipping have problem, which really affects
business work
- the Buyer delay to get the shipment out of wearhouse (from 6th days, the
Buyer have to pay storage fee from the Buyer’s invoice)
 Payment: the seller will face the problem if
 - The Buyer cancels the contract(the Seller will not return the deposit to the
Buyer)
- The Buyer makes the payment late (the Seller has right to liquidate the
products and not return the deposit for that shipment)
 Penalty:
- party has an error and breaches the Contract (must be compensated for
an amount equivalent to the deposit value of this Contract and be fined
8% of the total Contract value for which the Contract is breached)
- parties do not or fail to perform obligations fully
 Events of force majeure: natural disasters(Storms, earthquakes, floods, disease
or any other nature-inflicted nature whose power and destruction are
unpredictable or resilient) or war(the parties will notify each other of the
incidents of this case, If the circumstances of force majeure persist for more
than sixty (60) days, Contract parties will be automatically terminated.)
4. Recommend to change:
 Penalty: add the term if the actual lost a party cause to the others exceeds the
contract value
 Payment: add the situation if buyer is unable to pay, more terms about payment
problems