BIG C SAI GON TRADING JOINT STOCK SOCIALIST REPUBLIC OF VIETNAM
COMPANY Independence – Freedom - Happiness
No. 68, An Binh, Hong Quang, Thanh Mien, Hai
Duong, Vietnam ------------------------
Tax code: 0801248972
SALES CONTRACT
No: 070421/BC-INC
SELLER: BIG C SAI GON TRADING JOINT STOCK COMPANY
Address : No. 68, An Binh, Hong Quang, Thanh Mien, Hai Duong
Telephone : +84 0976 888 969
Email : [email protected]
Tax code : 0801248972
Account No.: 031.999.999.999
Bank : Saigon Thuong Tin Commercial Joint Stock Bank
Represented by : Mr. Nguyen Van Minh Position: Chief Executive Officer
Mr. Luong Truong Thanh Position: Shareholder
BUYER: RIVERSTONE NATURAL RESOURCES, Inc.
Address : 11510 Willwood Dr Houston, TX 77072 USA
Telephone : +1 832-421-0701
Tax code : 47-1796790
Represented by : Mr. Hai Ngo Position: Chief Executive Officer
Through negotiation, the Parties hereby agree to trade the following products and conclude
the terms and conditions as below:
I/ Commodity, specification and total value of contract
1. Commodity: Frozen sugarcane
2. Specification:
Fresh peeled sugarcane, black-eyed type, precut into 40-50cm sticks
5-layer carton box, waterproofed, wrapped in PE stretch film
Net weight: 10kg/box
Frozen at -180C
3. Total value of contract:
Delivery conditions in accordance with Incoterms 2010: CIF
Port of Loading: Cat Lai, Ho Chi Minh, Vietnam
Port of Discharge: Houston Seaport, USA
No Commodity Unit Quantity Unit price Total
amount
1 Frozen sugarcane Box 2.520 12 USD 30.240 USD
Amount in words: Thirty thousand two hundred forty USD.
II/ Time and Place of Delivery
1. Time of Delivery
The Seller shall provide the Buyer 5 days’ advance notice regarding the Time of
Delivery
2. Place of Delivery
The Buyer shall receive the delivery at the Port of Discharge in Houston, USA
III/ Method and Terms of Payment
1. Method of Payment: The Buyer shall transfer the requested amount in USD into the
bank account of the Seller
2. Terms of Payment: Payment shall be made in 02 installments
The Buyer shall pay 30% of the total contract value corresponding to the amount of
9.072 USD (Amount in words: Nine thousand seventy-two USD) to the Seller
within 03 days from the date of signing.
The Buyer shall pay the remaining 70% of the total contract value corresponding to
the amount of 21.168 USD (Amount in words: Twenty-one thousand one hundred
sixty-eight USD) to the Seller upon receiving the delivery at the Port of Discharge in
Houston, USA.
IV/ Liabilities of the Buyer
The Buyer shall take responsibility in making payments in full amount and on time in
accordance with Article 3 of this contract.
The Buyer shall take responsibility in arranging to ensure the receipt of goods on the exact
date as notified by the Seller.
V/ Liabilities of the Seller
The Seller shall take responsibility in warranting that the goods are as described
regarding quality, quantity and variety in accordance with Article 1 of this contract.
The Seller shall ensure the progress schedule as agreed upon by both Parties.
The Seller has the right to request the Buyer to pay the total contract value in
accordance with Article 1 and Article 3 of this contract.
The Seller has the right to receive the full payment from the Buyer in accordance
with Article 3 of this contract.
VI/ General terms
1. Any dispute arising out of or in connection with this contract shall be settled by both
parties in a spirit of cooperation.
2. Both parties must be committed to strict implementation of the signed contract.
During the period of the contract, both parties shall discuss to amend and supplement
any existing conditions by issuing a written document or contract annex.
The contract takes effect from the date of signing and is made in 02 original copies.
Each party keeps 01 copy with equal legality for implementation./.
REPRESENTATIVE OF THE SELLER REPRESENTATIVE OF THE BUYER
CHIEF EXECUTIVE OFFICER CHIEF EXECUTIVE OFFICER
