PROCUREMENT CONTRACT

Date: August 16th, 2021

Contract No.: SCD-PC-
21081608

Pursuant to demand and ability of each party, we consist:

PARTY A: (The Buyer)

Address:
Tel:
Fax:
Account:
Tax Code:
Representative:
Position:

PARTY B: (The Seller)

Address:
Tel:
Representative:
Position:

After mutual discussion, both Parties agree to sign the procurement contract
with the following contents:

ARTICLE 1: COMMODITIES AND CONTRACT VALUE:

- Commodities, Dimension, Quantity and Price as below:
QUANTITY
UNIT PRICE
No. DESCRIPTION OF GOODS (Metric UNIT AMOUNT
(FOB)
ton)

1 0 MT USD$ 0.00 USD$ 0.00

TOTAL: 0 USD$ 0.00

TOTAL AMOUNT IN WORDS:

SAY US DOLLARS

- Quality: 100% Brand-new

- Total contract value: USD 0.00

ARTICLE 2: DELIVERY TERM

2.1 Delivery term: EXW
2.2 Partial shipment: Allowed.
 2.3 Departure port: China ports.
2.4 Destination port: Ho Chi Minh ports, Viet Nam.
2.5 Delivery time: 30 days from the date of signing contract

ARTICLE 3: PACKING AND MARKING

3.1 Packing:
- In bundles
3.2 Making:
- Mill Maker Label with Dimension will be attached of each item and matched with Mill
Certificate.
- Shipping mark must be attached: Viet Thuong, PO No# and Package No, MADE IN
CHINA.

ARTICLE 4: SHIPPING DOCUMENT

4.1 Party B has to inform to Party A by email/fax which draft of invoice, packing list at
least 7 working days before shipping date.
4.2 Party B shall submit to party A within 7 days below documents from shipping date:
Commercial Invoice (3 sets of Original).
 Complete and detailed packing list of the cargos shipped (3 sets of Original).
 Bill of lading (3 sets of Original or Surrender B/L).
Mill Test Certificate (1 sets of Original and 2 sets of true copy)
Certificate of Origin (1 sets of Original and 2 sets of true copy)
4.3 Party B shall also submit a scanned copy of all the documents as paragraph 4.2 by
email to
Party A immediately after the shipment is done.

ARTICLE 5: PAYMENT

All payment stated herein above shall be made in US Dollars (USD). The payment
shall be payable 100% amount USD 2756.64 by T/T remittance into 2 stages:
- The 1st stage: by T/T remittance amount USD 827.00 after sale contract is signed.
- The 2nd stage: by T/T remittance amount USD 1929.64 before shipment.

The payment shall be paid into seller’s account as below:

1 BENEFICIARY BANK:

2 SWIFT BIC:

3 BANK ADDRESS
4 BENEFICIARY’S
NAME:
5 A/C NO.USD：

5.1 All banking charges associated with Party A’s payment outside Viet Nam shall be
for the account of Party B.
ARTICLE 6: PENALTY

In case of Party B does not keep the shipping date, Party A shall deduct 0.15 %/day
(Zero point one five percent per day) of total amount of delayed items. The maximum
penalty is 10% of the total contract value.

ARTICLE 7: INSPECTION

7.1 In case the quality and/or quantity/weight are found by the Buyer to be not in
conformity with the contract after arrival of the goods at the port of destination, the
Buyer at his cost has the right to invite an Inspection Company to inspect the goods
at the port of destination. The certificate of quantity and condition issued by
Inspection Company shall be legal document as evidence for Buyer to make claim
to the Seller.
7.2 In case of any short weight or quality claim, the Buyer shall notify the Seller by
telex or fax/mail as soon as possible after completion of receiving goods at
discharging port. The original inspection report with full details shall be presented
within 30 days for weight claim and quality claim after the date of goods received at
discharging port. The Seller has to settle the claim within 30 days after receiving it.

ARTICLE 8: FORCE MAJEURE

Force majeure means uncontrollable or unpredictable events, which may prevent

related parties from carrying out their obligations in the contract, such as war, natural
disaster, fire, petroleum crisis, etc. which has occurred beyond the control of a PARTY,
that PARTY shall be confirmed by the State authority and handled according to the
current regulations.

ARTICLE 9: GENERAL PROVISION

9.1 The parties agree to all Articles of this contract. During contract period, if any
disagreements arise, both Parties discuss to solve in the spirit of cooperation. In
case of that negotiation is in-effective, both Parties agree to bring the case to
International Arbitration Center of the Chamber of Commerce and Industry of
Vietnam for final settlement under the rules of conciliation and Arbitration will
be final and all the fees and expenses incurred in the arbitration shall be borne
by losing party.
9.2 Any amendment to, or modification of, or supplement of this contract shall be
made in writing and shall be signed by authorized representative of each party.
If a Party violates the contract and makes damages, that Party shall suffer
compensation to another Party according to the State current regulations. Other
matters are not mentioned in the contract are carried out properly according to
the State current regulations.
9.3 In case Party B does not perform in accordance with articles of this contract,
Party A has right to terminate the contract immediately.
 9.4 In the case of the Party A supplement some items, both parties shall adjust and
sign the additional contract.
9.5 This contract will be effective and legal as the originals since it is signed by
both parties by fax or email
9.6 Actual on board date within the validity of contract is accepted. And Party B will
be applied the delay penalty if actual on board date is late.

ARTICLE 10: CONFIDENTIALITY

10.1 During the term and after the expiration of the term or termination of this
Agreement, (Party B) (i) shall keep Confidential Information confidential,
exercising at least the same degree of care as (Party B) exercises with regard
to its own confidential and proprietary information, and (ii) shall not disclose or
make accessible Confidential Information to any third party without the prior
approval of (Party A). For the purpose of this Agreement, “Confidential
Information” shall mean any and all information furnished by (Party A) to (Party
B) pursuant to this Agreement regardless of whether it is tangible or intangible
form, which shall include, among others, documents, materials or electronic
files; provided, that Confidential Information shall not include any of the
following: (a) such information in the public domain at the time of disclosure, or
(b) such information which was in the legitimate possession of (Party B) at the
time of disclosure.
10.2 (Party B) may disclose Confidential Information received from (Party A) under
this Agreement to its officers and employees who have a need to know such
Confidential Information in connection with the performance of its obligations
under this Agreement.
10.3 In the event that (Party B) subcontracts to a subcontractor the whole or part
of its works to be performed hereunder, (Party B) shall ensure that the
subcontractor shall comply with and be bound by the duty of confidentiality set
forth herein.
10.4 In the event that the employees of (Party B) or those of its subcontractors
undertake to carry out the works under this Agreement within the place of
business of (Party A), (Party B) shall ensure that the employees of (Party B) or
those of its subcontractor shall comply with (Party A)’s rules and procedures
relating to the maintenance of Confidential Information in confidence.
10.5 (Party B) shall conduct education sessions for the employees of (Party B) or
those of its subcontractors with respect to the maintenance of confidentiality of
Confidential Information in order to keep Confidential Information in confidence
using materials provided by (Party A) for such education sessions.
10.6 Any and all inventions, ideas, discoveries, works, creations or know-how
arising from (Party B)’s performance of this Agreement or based on or derived
from all or part of Confidential Information (collectively, the “Inventions”) shall
be the sole and exclusive property of (Party A). (Party B) shall maintain the
Inventions in strict confidence, and shall not use such Inventions for any other
purpose other than the purpose of the performance of this Agreement without
the prior written approval of (Party A).
 10.7 Without the prior written approval of (Party A), (Party B) (i) shall not copy,
reproduce, translate, make known, and publish Confidential Information for any
purpose other than the purpose herein nor shall engage in any other activities
which may result in the disclosure of the Confidential Information not in
compliance with this Agreement, and (ii) shall not take (Party A)’s internal
documents out of (Party A)’s office regardless of its form or storage medium
being used.
10.8 In the event that (Party B) is requested or required to disclose any
Confidential Information pursuant to any applicable law, regulation or directive
of any government authority, (Party B), prior to such disclosure, shall provide
(Party A) with a written notice of any such request or requirement and shall
discuss with (Party A) the scope of Confidential Information to be disclosed. In
this case, (Party B) shall disclose or cause to be disclosed only that portion of
Confidential Information (Party B) is required to disclose
10.9 Immediately following the expiration of the term or termination of this
Agreement, (Party B) shall promptly return to (Party A) all Confidential
Information furnished by (Party A) to (Party B) regardless of form (tangible or
intangible) and shall destroy all notes, memoranda, reports or other items in
whatever form (tangible or intangible), which incorporate, refer to, or otherwise
related to Confidential Information.

IN WITNESS WHEREOF, each of Party A and Party B has caused this Sales Contract to be
executed by its duly authorized representative as of the date first above written.

SIGNATURE & DATE（BUYER） SIGNATURE & DATE（SEALER）

BUYER: SEALER:

By: By:
Name: Name:
Title: Title:
Date: Date: