Sale Contract [PDF]

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SALES CONTRACT

Contract No: HDZD-20222728 Date: 09 October 2022 Place: Hai Phong, Viet Nam

THE SELLER: HANGZHOU LINAN ZHENGDA PAPER CO.,LTD Address: Gaoqiang Village, Banqiao Town, Linan, Hangzhou, China Tel: +86-0571-63969288 Represented by: Mr. DONG ZHIPING – Director THE BUYER: HDWOOD VIETNAM CO,. LTD Address: Yen Khe, Yen Thuong, Gia Lam Dist, Ha Noi, Viet Nam Tel: +84-2423488886 Represented by: Mr. HA THANH QUANG – Vice Director This contract is made by and between the Seller and the Buyer, whereby the Seller agree to sell and the Buyer agree to buy and to take the under mentioned commodities according to the terms and conditions stipulated below: 1. COMMODITY DESCRIPTION No Description of Goods Quantity Unit Price Amount (kgs) (USD/kg) (USD) 1 Base Paper 1255 mm 51,707.00 0.82 42,399.74 TOTAL 51,707.00 42,399.74 Say: US Dollars forty-two thousand three hundred and ninety-nine and seventyfour cents. 2. PAYMENT TERMS Benificiary: HDWOOD VIETNAM CO.,LTD Address: Yen Khe, Yen Thuong, Gia Lam Dist, Ha Noi, Viet Nam Total of goods: 42,399.74 USD Delivery term: CFR Payment: By an irrevocable L/C at sight in favor of HDWOOD VIETNAM CO.,LTD with bank detail: Benificiary Bank: VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT – HAIPHONG BRANCH Time of opening L/C: Swift Code: VBAAVNVX Account No: 2704201005240

3. DELIVERY AND SHIPMENT 3.1 Time of delivery: All goods shall be shipped within about 90 working days after receipt of order from the Buyer. 3.2 Kind of transportation: by sea. 3.3 Destination: Haiphong port, Vietnam 3.4 Loading port: Ningbo port, China 3.5 Shipment: Prompt shipment. 3.6 Packing: Export Standard Packing 3.7 Marking: PAPER ASIA in square 4. DOCUMENTS Signed commercial invoice in 3 original, Packing list 3 in original, Surrender bill of lading, Certificate of Origin Form E. 5. FORCE MAJEURE 5.1 If any Party does not or delays to fulfill the obligations in this Contract directly or indirectly due natural disaster, wars, situations similar to war, embargo, disturbance, strike, blockade and other unpredictable and uncontrollable accidents which may not be solved without additional cost and time, this Party shall not bear any responsibility for the other Party. 5.2 In case of force majeure, the affected Party shall inform the other Party within 7 days after occurring of such case and submit documents issued by local relevant department used to prove the occurrence of force majeure within 15 days after occurring of such case. Both parties shall negotiate and reach an optimal solution used to solve the delay and interruption problem of this Contract due to force majeure. If the force majeure continues to seriously impact implementation of crucial obligation under this Contract for the 3 months, either of the Party shall have the right to terminate this Contract by written notice 30 days in advance. 6. NONE – TRANSFERABILITY No Party of this Contract has the right to transfer any right or obligation without the express written approval of the other Party. 7. APPLICABLE LAWS The execution, effectiveness, interpretation, implementation and disputes settlement of this Contract is refer to the international commercial practices. 8. ARBITRATION All disputes related to this Contract or due to implementation of this Contract shall be solved by both parties through amicable negotiation. If no agreement is reached, the dispute shall be submitted to Viet Nam International Arbitration rules on

application Centre (SIAC), and be settled in China according to the valid arbitration rules on application date. 9. PENALTY 9.1 To delay shipment/ delay payment In case delay shipment/ delay payment happens, the penalty for delay interest will be based on annual rate 15%. 9.2 To delay opening L/C In case delay to opening L/C happens, the Seller has the right to delay shipment. 9.3 To cancellation of contract If Seller or Buyer wanted to cancel the contract, 5% of total contract value would be charged as penalty to that party. 10. CONTRACT DISCLOSURE 10.1 Each Party or the related organization or the director, senior staff or employee of each organization shall not disclose any of the following: - The Contract; - The transaction; - The acts related to negotiation of both Parties; and - Communication an information related to any one of the above-mentioned items (confidential information). They shall not disclose any confidential information to the other people except the people participating in the negotiation and/or evaluation and requiring knowing the confidential information, the organizations being informed the content of this Article and required to abide by the regulations in this Article and its senior staff, director, employee and special consultant. 10.2 The Contract comes into force upon the signature and seal by authorized representatives of both Parties. FOR THE SELLER Mr. DONG ZHIPING

FOR THE BUYER Mr. HA THANH QUANG