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SALESCONTRACTContractNumber:AcceptaneeExpirationDate:ContractDate:SELLER:Companyname:Address:Signatory:Email:BUYER:Companyname:Address:Tel:Fax:Signatory:Email:OBJECTThe sellerherewithsellandtheBuyerherewithpurchaseinaccordaneewiththespecificationsandqualitydescribedinthiscontract(hereinaftercalled“Goods').ThespecificationofthegoodsprovidedinAppendixNo.2hereto.DELIVERYBASISANDTERMSTheSellershalldeliverthegoodsunderdeliveryofconditions:CIFdestinationinaccordaneewithINCOTERMS-2000.LoadingPort:ShallbedefinedintheDeliveryScheduleAppendix3,orasdesignatedbySeller.CountryofExport:AsperDeliveryScheduleAppendix3,orasdesignatedbySellerandCountryofImporttobedesignatedbytheBuyer.ThenamedPortsofdestination:for30(thirty)dayspriortothebeginningofshipmentofeachvessel,theBuyerwillinformtheSelleraboutport(ports)destinationifdifferent.TermsofDeliveryareincludedintheDeliveryScheduleinAppendixNo.3hereto.QUANTITYOFGOODSThe unitofmeasurementinthiscontractismetrictonsofweight(MTW).MonthsarecalendarmonthsaccordingtotheGregoriancalendar.Quantity ofeachshipmentisinMTVY+/-5%)asperDeliveryinAppendixThe totalquantityoftobedeliveredisshownintheDeliveryScheduleinAppendix3(+/-5%).The goodswillbedeliveredover12calendarmonthsinaccordaneewithDeliveryScheduleinAppendixNo.3hereto.The quantityofgoodswillbeconfirmedonacertificateissuedbytheindependentinternational surveycompany“SGS(SocieteGeneraldeSurveillanee), CIQorCCICatsellersexpense.Otherquantityinspectionsattheportofunloadingshallbeatthebuyersexpense.Weightforinvoicingpurposesshallbeestablishedbytheactualnetweight.Weightfranchiseof0.5%shallbeallowedagainstBillofLadingweight.Incaseshort/overweightexceeds+/-5%theSeller/BuyershallcompensateBuyer/Sellerfortheamountexcludingthefranchiseonthebasisofcontractedprice.QUALITYOFGOODSThe goodsshallconformtothespecifications inAppendixNo.2hereto.Thequalityofthegoodswillbe confirmedbyacertificateissued bytheindependentinternational surveycompany“SGS(SocieteGeneraldeSurveillanee)whichshallbebingingonbothpartiesinallrespects,includingbutnotlimitedtothereplacementoffaultygoodspaidforbytheseller.Otherqualityinspectionsattheportofunloadingshallbeatthebuyersexpense.PRICEANDTOTALAMOUNTOFCONTRACT5.1TheBuyershallpaytheSellerinUnitedStatesDollars“USD5.1TheBuyershallpaytheSellerinUnitedStatesDollars“USDThepriceofgoodsisasfollows:ISRI 200-206is$xxxUSDperMTWpriortounloadingat30,000MTWpermonthfor12months.The valueofdeliveriesis$xxxxxxUSD(+/-5%)(fivePercent)AmericanDollars.Thetotalamountofthecontractisabout$xxxxxxxxUSD(+/-5%)(FivePercent)AmericanDollars.ThepriceofgoodsincludesallcostsincurredbySelleruptoandincluding deliverybasisCIFatthedestination portexceptwherethecontractspecificallyprovidesforacosttobebornebytheBuyer,portdemurragecharges,tariffs,andexport/importfees.Theunitpriceisfixedandfirmforanyquantity notexceedingthemaximumpermittedunderthecontracteitherdeliveredorstored(ifvesselsaredelayedbythebuyersfailuretounloadinatimelymanner)onorbeforeexpireoftheperiodstatedinsub-clause6.1,orsuchextendedperiodasexpresslyprovidedinthiscontractoragreedbymutualwrittenunderstanding.Theprice includes upto30daysstorageandinsuraneeofanyconsignmentintheportofloading.DELIVERYTERMSANDPARTIESOBLIGATIONSThe Sellershalldeliverythetotalquantityofgoodswithin12monthsperiodinaccordancewiththeDeliverySchedule,AppendixNo.3hereto.TheSellershallstartthedeliveryofthefirstconsignmentinaccordaneewiththeProcedure&Terms,AppendixNo.1hereto.AllprovisionsincludedintheDeliverySchedulewillbeobservedbybothBuyerandSellerandbreachesintheprovisionswillbesubjecttopenaltiesasperprovisionsunderclauses11.0and12.0.ThePartiesmayagreeupontheextensionofthedeliveryperiod.Onthisevent,thePartyresponsible forthedelays(SellerindeliveryorBuyerinunloading)willhavetobeatthecostsfortheextensionofthevalidityoftheLetterofCreditaswellasthecostsofstorageinthePortofLoading.Should theBuyerdelaythevesselsforloadingaccordingtoprovisionsinthedeliveryscheduleoraspersub-clause8.3below,theSellerisentitled tostorethegoodsintheportwarehouseandgetaWarehouseReceipt(WR)touseascashingdocumentinsteadofBOL.DELIVERYACCEPTANCEOFGOODSUnder thecondition ofdeliveryCIF,theSellerandBuyerisobligatedtopaycharges,however,riskoflossordamageofthegoodsandanyadditionalchargesarisingafterthetransferofthegoodsoverthehand-railofavesselintheportofloadingshallpassfromSellertotheBuyeronlyifthebuyerisproviding supplementalinsuranee.Titlefor thegoodswillpassfromSellertotheBuyeruponclearaneeoffundsintotheSellersaccountbymeansofCleanOnBoardBlankEndorsedOceanBillofLadingmarked“Negotiable”andriskifsubjecttoclause7.1ThequalityandquantityofgoodsstatedintheBillofLoading,andorWRwherepermitted)shallbeconclusiveevideneeofthequalityandquantityofgoodsdelivered.Noclaim(s)againstqualityorquantityreceived30(thirty)daysfollowingreceiptofSGSqualityorquantityreportasappropriatewillbetakenintoconsiderationoractionable.PAYMENTTERMSANDCONDITIONS8.1 PaymentforeachconsignmentinfavoroftheSellerintheapproximate8.1 Paymentamountof$xxxxxxxUSDAmericanDollarsshallbeeffected100%atsightafterreceiptbytheadvisingbankofalldocumentsrequiredinclause9.0onlywithavalidityof12+3monthsincaseofdelays..TypeofBankinstrument aspaymentguarantee: anunconditional,confirmed,irrevocable,documentary,LetterofCreditwhichshallbeissuedbythebuyersbankdefinedasIstNationalBankofAnytowndirectlytotheSellersBankshowninAppendix6.IstNationalBankofAnytownshallissueinfavoroftheSeller1(one)LetterofCredit,inaccordaneewiththetermsprovidedinAppendixNo.1hereto.TheoperativeLetterofCreditwillbeissuedonorbeforeFebruary18,2005otherwiseabreechthereofwillbedeclaredandsubjecttodemandunderclause8.5.The BuyershallTTarefundabledeposittoaccompanythiseontract intheamountof$xxxxxxxxxUSD,whichshallberefundeduponreceiptofclearfundson

avalidLetterofCreditasperthiscontract.The nextoftheLetterofCreditisshowninAppendixNo.4hereto.ThefinaltexttobeprovidedbythebuyersbankshallbesubjecttoapprovalbytheSellerasaconditionofthebuyerscomplianeewiththepresentcontract.IntheeventthattheBuyerfailstoissuetheLetterofCreditincomplianeewithclause8.1,thenpaymentforthefullcontractvalueshallbemade100%atsightofdemanduponthebuyerwithoutprotestasacontractbreech.TheSellerwillsenddocumentsforeachconsignmenttotheBuyerbycourieroriginatingfromtheSellersofficeswithin21(twentyone)bankingdaysfromtheBillofLadingDate.FortheproperperformaneeofthecontractandcounterguaranteeoftheBuyersvalidLetterofCredit,SellershallissueaBankPerformanceBondintheamountofxxxxxxUSDAmericanDollarswithavalidityof12+3monthsincaseofdelays.ThePerformanceBondwillbetheactinginstrumentimmediatelyfromdateofreceptionofthefirstpaymentreceivedfromthebuyersbankwhentheSellersbankwillissueaSBLCnamingthebuyerasthebeneficiaryintheamountoftheperformancebond.Should theBuyerdelaythevesselforloadingoftheGoodsperdeliveryscheduleorsubmittednotification dateorwithin7(seven)calendardaysfollowingthescheduleddate,theSellerisentitledtostorethegoodsintheportattheBuyersexpenseandriskandreceiveaWarehouseReceipt(WR)thatcanbeusedinsteadoftheBillofLading.AllbankchargesrelatedtotheissuanceoftheLetterofCreditarefortheBuyersaccountandallthoserelatedtotheissuanceofthePerformanceBondareontheSellersAccount.BankchargesrelatedtothenegotiationofeitherdocumentarefortherespectiveBeneficiaryaccounts.Any extensionofthevalidityofeitherdocumentwillbebornebythesideinfaultfromtheirextension.Spelling andtypographicalerrorsanddifferencesofsuchnaturebetweenBankissuedandBeneficiaryissueddocumentsshallnotbedeemeddiscrepanciesprovidedthattheintentofthewriteisclearfromthecontextandinsuchcaseonlyUCP500regulationsshallapplyatanytime.DOCUMENTSREQUIREDFORPAYMENTThe Sellershallprovidewitheachconsignmentafullset(6/6)CleanonBoardOceanBillofLadingsignedbyanauthorizedrepresentativeofNetworkOceanlines,signedbytheMasterandshowingvesselsstampandshowing“CLEANONBOAF”，followingmastersremarkareacceptable:Wetbeforeshipment ；Loadedfromopenarea；Atmosphericallyrustywithin21(twenty-one)daysfromdateofpaymentCommercial invoiceissuedbyseller:6originals and6original copiesshowingContractNumber, descriptionofgoods,piecesofbundlesofgoods, unitprice,totalamount,gross/netweightsofthegoods.DOCUMENTNOTREQUIREDFORPAYMENT10.1QualitycertificateissuedbySGSintriplicate:showingthequalityand

10.1QualitycertificateissuedbySGSintriplicate:showingthequalityandallrequiredbychemicalstructureasshowninAppendixNo.2heretoofthegoodsaccordingtothepresentcontent:3originalsand3originalcopiesorifAQSIQ/CIQ/CCICisrequiredbytheBuyersthenSellershallarrangeallQualityinspectionsatSellersexpensefromAQSIQ/CIQ/CCICexcludingtheportofunloading.QuantityassayissuedbySGSintriplicate,showingthequantityofthegoodsloadedonboardvesselorifAQSIQ/CIQ/CCICisrequiredbytheBuyerthenSellershallarrangeallQuantityinspectionsatSellersexpensefromAQSIQ/CIQ/CCICexcludingtheportofunloading..Original certificateoforigin issuedbyChamberofCommerceandIndustryofthecountryofexport:3originalsand3originalcopies.Mastersnotice,showingdescr iptionofgoods,nameofvessel,B/LNo.Gross/Netweightsofthegoods,piecesorbundlesofgoods,timeofarrival,berthing,shippingagentatthedestinationifavailable,loadingtime,releasetime,signedbyMasterandport.AllofthedocumentsincludingtheB/L,invoice,parkinglist,originalcertificateandsoonhasbeenfaxedtothebuyerwithin7daysafterB/Ldate.XI.FORCEMAJEUREBothsidesinthiscontractwillbeexoneratedfromtheirobligationincaseofforcemajeureevent.Force majeureisunderstoodasperprovisionsunderICC500andmeansanyeventsuchasfive,explosions,hurricanes,floods,earthquakesandsimilarnaturalcalamities,wars,epidemics, militaryoperations,terrorism,riots,revolts,strikes,industrial unrest,governmentembargoes,orotherunforeseeable actionsoccurringaftertheconclusion ofthiscontractandoutsidethesidesreasonablecontrolandwhichcannotbeavoidedbythereasonablediligeneethatcoulddelayorpreventtheperformaneeofeithersidesobligationsinthiscontract.The partytothiscontractwhoseperformaneeofthiscontractispreventedbyaForceMajeureeventmusenotify theotherpartywithin7(seven)daysoftheeffectivedateofoccurrenee, whichnotice istobeconfirmedbyacertificateissuedbythelocalchamberofcommerceandIndustry,includingparticularsoftheeventandexpectedduration.FailuretosubmitsuchanotificationwillpreventthepartiesexonerationfromcontractualobligationsunderForceMajeureeventmakessuchnoticeimpossible.Theperformanceofeitherpartiesobligationswillbeinsuchcasepostponedwiththeperiodoftheexistence oftheForceMajeureeventplusareasonableperiodtoremobilizingproductionandshipping.Nopenaltyshallbepayableforthedurationofthisdelay.Should thedelaycausedbyaForceMajeureeventlastformorethan1(one)monththesideswillattempttoagreemeasurestoallowcontracttocontinue.Shouldsuchanagreementmotbereachedwithin30(thirty)daysfromthedateofcertifiedForceMajeureevent,thesidesareentitledtoterminatethecontract.TheForce MajeureeventdoesnotexoneratetheBuyer frompayingforthegoodsalreadydeliveredunderdocumentsinsection9BillofLading.XII.SELLERLIABILITY12.1GoodsshallbeconsideredinfullquantityifwithintoleranceXII.SELLERLIABILITY12.1Goodsshallbeconsideredinfullquantityifwithintoleranceshallprovided undersub-clause3.1andasperdeliveryschedule.“DateofdeliveryshallbethedateontheBillofLading.If Sellerfailstodeliveryfullquantityorquality ofanyconsignment,onlywiththeconfirmationfromthebuyer,hehastherighttomakeitcompletewiththenexttwoconsignments.Failure todeliveryfull quantity within extendedperiodwill entailpenaltiesattherateof0.3%(pointthreepercent)proratatemporizeofthevalueofforliquidateddamages.theundeliveredgoods.Thetotalvalueofthepenaltiescannotexceed5%(fivepercent)theundeliveredgoods.Thetotalvalueofthepenaltiescannotexceed5%(fivepercent)ofthevalueoftheundeliveredgoodsatwhichtimefullbreechifdeclaredautomatically.ofthevalueoftheundeliveredgoodsatwhichtimefullbreechifdeclaredautomatically.12.4ShouldtheBuyerdecide,atanytimeduringthemonthlyperiodofdelivery,totakeonlyapartialdeliveryrather thanwaitforthefullquantity(ifthequantityisnotalreadyavailableinportandreadyforloading)thentheSellerwillnotbeliable12.4ShouldtheBuyerdecide,atanytimeduringthemonthlyperiodofdelivery,totakeonlyapartialdeliveryrather thanwaitforthefullquantity(ifthequantityisnotalreadyavailableinportandreadyforloading)thentheSellerwillnotbeliableAnysumsforwhichtheSellerareliableaspenaltiesforwhichnoprovisionaremadeinthiscontractaremadeinthePerformaneeBondaremadeagainstinvoiceissuedbythedamagedsideandbybanktransferwithinmaximum10(ten)bankingdaysasformthesubmittedinvoicedate.BUYERLIABILITYAnysumswhichtheBuyerareliableaspenaltiesforwhichnoprovisionsaremadeinthiscontractaremadeagainstinvoiceissuedbySellerandbybanktransferwithinmaximum10(ten)bankingdaysasforthesubmittedinvoicedate.“ScheduleddateofArrival”meansdatewhenthevesselshouldbealongsidequayandavailabletotakedeliveryoftheGoodsasperbothSellerandBuyermutualnotificationsandprovisionsinAppendixNo.3hereto.Should thevesselnotarrivewithin15(fifteen) calendardaysasfromscheduled/notified dateasaresultofdelaysbythebuyerattheunloadport,theBuyerwillpaytheSellerpenaltiesatthedailyrateof0.3%(pointthreepercent)proratetemporizeofthevalueofundelivered goodsbutthetotalamountshouldnotexceed5%(fivepercent)oftheirvalue.Should thevesselnotarriveforloadingwithin beforestatedperiodasaresultofthebuyerattheunloadport,andthegoodsbestoredintheportWarehousetheBuyerwillberesponsibleforthepaymenttotheportauthoritiesatthefollowingratesperdayoverthepermitted30days:13.4(a) 31-60days$0.30USD/day/MTW13.4(b) 61-75days$0.40USD/day/MTW13.4(c)76-90days$0.50USD/day/MTW13.4(d)Over90daysisnotallowedtokeepthegoodsandtheportisentitledtosellthegoodstocoverlosses.ThesedetailsaretobesettledbetweentheBuyerandthePortAuthorities.The paymentsofthestoragecostsinporthavenoconnectionwiththepaymentpenalties,whicharepaidseparatelytotheSeller.To makepaymentintargetdatesforeachconsignmentshallbeeffectedbywithin3(three)bankingdaysafterreceiptbytheadvisingbankofalldocumentsrequiredunderclause9.

The BuyerundertakesandguaranteesthattheLetterofCreditwithin5(five)bankingdayswillsendtoSellerconfirmationaboutissuaneeofLetterofCreditunderthetermsofthiscontractinthefavoroftheSeller.LAWANDARBITRATONofCredit.14.1observed14.2ThecontractissubjecttoUnitedStatesLaw,ICCrulesaretobeandUCCLawwillsupercedeoverICCifinconflict.amicably.EitherunderexistingTheCIGSguidelinesSellerandBuyerwilltrytosettlealldisputespartydaysthismayservenoticeaftersuchnoticecontract uniessontheotherrequiringand,ifnotsettledtobreechofpaymentoccursanydisputetobesettledreferittoarbitration14.1observed14.2ThecontractissubjecttoUnitedStatesLaw,ICCrulesaretobeandUCCLawwillsupercedeoverICCifinconflict.amicably.EitherunderexistingTheCIGSguidelinesSellerandBuyerwilltrytosettlealldisputespartydaysthismayservenoticeaftersuchnoticecontract uniessontheotherrequiringand,ifnotsettledtobreechofpaymentoccursanydisputetobesettledreferittoarbitrationbythebuyerorfailurewithin30(thirty)inaccordaneewithtoposttheLetterThearbitrationwillbeheardbyoneormorearbitratorsappointedmutualagreementofthepartiesandinaccordaneewiththeRulesandtheArbitrationAct1996.TheseatofarbitrationshallbeUnitedStatesofAmerica.Theawardshallbeenforceableinanycountry,andaLetterRogatoryshallbedeemedacceptedwithoutcontestorprotest.Should paymentnotbereceivedwhenscheduledunderthiscontractandSellerdeclarebreechofcontractthenSummaryJudgmentundertheLawsoftheUnitedStateofAmericashallapplyandbedeemedautomaticforthefullcontractvalueanddamagesclaimedtherein underUCClawwiththeauthoritythereintorecoverthosecostsinanycountry.CONTRACTTERMINATIONEither partymayterminatethecontractshouldtheothersiderefuseperformaneeofasubstantivecontractualobligationunlesstheLCisnotpostedbythebuyer,butexcludingrefusalcausebyaForceMajeureevent.Notificationofterminationistooccurwithin30(thirty)calendardaysfollowingnon-performaneeifcontractualobligations.Noterminationispermittedshouldanyofthesideexcusetheirobligations withinthestated30(thirty)daysfromthenotification date.ASSIGNMENTAny ofthesidesisallowedtoassigntheeontractorpaymentinstrumentinordertosecuretheperformaneeofitsobligations.Any assigneeorlegalsuccessortorather partyshallassumeallobligationsandbenefitsofthecontract.AssignmentispermittedundermandateissuedbytheSeller.GENERALPROVISIONSAmendmentstothepresenteontractshallbevalidonlyifagreedinwritingandsignedbydulyauthorizedrepresentativesofbothsides.Correspondenceinthecourseoftheordinaryadministrationoftheeontractsuchasbutnotlimitedtonotification ofanticipateddeliverydatesmightbesentbyfax,anyelectronicmeansormail.Noticesofsuspension,terminationortoinvokearbitrationshallbesentasanadvaneefaxwithanoriginalbycourierserviceandshallbedeemeddeliveredontheevideneeddateofthefacsimile.The Ianguageofthecontractandthecorrespondence,notices,certificates,BillsofLadingshallbeEnglish.The contract comprisesthepresentdocuments,AppendicesandAddendums.Thiscontractsupercedesallpriornegotiations,representationsandagreementsanditisthesoleagreementbetweenthesidesforthesaleandpurchaseofthegoods.The liabilitytowardstheotherpartyislimitedtopenalties,charges,damagesandremediedexpresslystatedinthislossarisingunderthelawofcontractortortincludingnegligeneeandbreechofduty.ThebuyeracknowledgesthattheSellerisanAmericanCorporationwhohascollateralbusinessagreementswithothercountriesintheperformaneeofthiscontractincluding,thequantityandqualityoftherateofdeliveryofgoods,theshipmentmethodsdeployedintheperformaneeofthecontract,thefinancialexchangeofthetermswithinthecontractandsubjecttothelawsofthosecountriesatalltimes.ThebuyeracknowledgesthatcommissionsarepaidinsupportofthiscontractandarepaidbytheSellerunlessthebuyerbreechesthiscontractthencommissionsshallbepaidbythebuyerbaseduponthetotalcontractvalue.Anycommissions,fees.OrothersuchchargesabovethisamountaretheresponsibilityoftheBuyerorunlesswaivedbytheBuyertoallowtheSellertobethepaymasterforsuchfees.XVIII.EFFECTIVEDATEThis contractshallcomeintoeffectwhentheBuyerandSellerhavebothinitialedandsignedthepresentdocumentanditsappendices.XIX.CONFIDENTIALITYAGREEMENTSeller andBuyershalltreatinformationprovidedbytheotherpartyonastrictlyprivateandconfidential basis.SellerandBuyershalltakeallnecessarystepstopreventtheothersconfidentialinformationfrombeingmisusedordisclosedormadepublictoanythirdpartyexceptasneededtosuccessfullycompletetheContractortoavoidconflictingclaims(andexceptasmayberequiredinaccordaneewiththeapplicablelaw).Buyer shallnotusetheconfidential information providedtheSellerinsuchawayasto:19.2(a)CircumventtheSellerinthecommercialdealingswithanyandallsuppliersunderthecontract,or19.2(b) KnowinglydoanythingtocausetheSellertoloseanyfeesorcommissionsthataredueormaybecomedueundertheSelleragreementwiththesuppliersundertheContract,ifany,orSeller shallnotusetheconfidential information providedbyBuyerinsuchawayasto:19.3(a)CircumventBuyerinthecommercialdealingswiththeConsigneeifintroducedbytheBuyer,or19.3(b) KnowinglydoanythingtocauseBuyertoloseanyfeesorcommissionsifdueormaybecomedueunderthepresentContractandadditionalappendices,or19.3(c)DoanythingtocircumventBuyerinsuchawayastoputBuyeratacommercialdisadvantagewithaconsigneeifexisting,SellerandBuyershallkeepeachotherfullyinformedabouttheprogressofallcurrentandfuturecontractnegotiationsandabouttheperformaneeofthecontract.The obligation ofconfidentiality oftheSellersandBuyershallremaininforceforaperiodof5(five)yearsfromthedatehereof.Anybreachoftheseprovisionswillentailpaymentofdamagestotheotherparty.XX.NON-CIRCUMVENTIONAGREEMENTThepar