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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
o0o ------- -------- CONTRACT No.: 014-2014/HDKT/DLC - Based on Commercial Law No.36/2005/QH11 Socialist Republic of Vietnam, the National Assembly adopted on 14/06/2005 and takes effect from 01/01/2006; - Pursuant to Civil Code No. 33 / 2005/QH11cua Socialist Republic of Vietnam, the National Assembly adopted on 14/06/2005 and takes effect from 01/01/2006; - Based on the capabilities and needs of both parties . This contract was signed on 03 May 07 2014, between: THE A (seller): ENGINEERING CO. LOC GERMAN CONSTRUCTION Address: 947/66 Lac Long Quan Street, Ward 11, Tan Binh District, Ho Chi Minh City Tel: (08) 62970471/72 Fax: (08) 62.97047 million Tax code: 0304 600 626 Account: 190 218 565 4702 5 East Saigon Techcombank Representative: Mr. Nguyen Vu Bao Loc Position: Director PARTY B (the Purchaser): Address: Phone: Fax: Tax code: Account number: - At the bank representative: Mr. Position: Director After discussing unity, the two sides agreed to sign a contract buy this board (hereinafter called the "Contract") under the terms u ¬ nh follows: ARTICLE 1: CONTRACT VALUE 1.1 Party A and Party B agrees to sell wind tunnel agrees to purchase all kinds of products by Party A New 100% as tables of estimation DLC14-0105R3 dated 06.27.2014 attached. 1.2 Total contract value is: 4,668,867,864 VND (in words: four billion six hundred and sixty-eight million eight hundred and sixty seven thousand eight hundred and sixty-four copper). 1.3 The total value of goods inclusive of 10% VAT. 1.4 official payment value of the contract is based on actual purchase volume. 1.5 The total value of goods including the cost of transportation to the place of delivery specified in 2.1 and does not include the cost of Party A to unloading at the construction site. 1.6 The above unit price does not change during the implementation period contract. ARTICLE 2: LOCATION, AND TIME DELIVERY METHOD 2.1 Place of delivery: Delivery Location: The consignee: 2.2 Delivery time: The goods are delivered to spare + t and in-progress works. 2.3 Method of delivery: 2.3.1 Party A shall notify the delivery time for Party B at least 01 days to prepare Party B warehouse. 2.3.2 Party A and Party B is responsible for receive goods in place to ensure delivery in accordance with the number and types of records in and receipt of goods. 2.3.3 In the inspection process, and receiving goods, if the goods discovered missing, damaged the test results will be recorded on over and receipt of goods and confirmed by both parties. 2.3.4 Immediately after the delivery is completed, representatives of the signatories to the transfer and receipt of goods. And receipt of the goods are made in 02 copies, 01 copies each party has equal validity. ARTICLE 3: PAYMENT 3.1 Payment: Advance Party B to Party A 10% of the contract value within 04 days after signing the contract. Party B pays Party A 100% value for each shipment after deducting 10% of the advance within 07 days of Party A and invoice delivery. 3.2 Method of payment: Payment by bank transfer payment vouchers 3.3: After completing the delivery, Party A to Party B provides the payment voucher including a written request for payment (the original), Invoice value added (original), and the transfer and receipt of goods (the main), Certificate of factory (the original). ARTICLE 4: THE RESPONSIBILITIES OF THE PARTIES 4.1 Responsibilities of Party A: 4.1. 1 production by weight and size as the attached table estimates. 4.1.2 Supply of goods to the amount, type and specifications in accordance with the agreed schedule. 4.1.3 In the case of Party A fails to deliver goods on the quality, specifications, Party B has the right to refuse to accept. 4.1.4 In the case of cancellation of the contract, Party A shall be fined an amount equal to 15% of the contract value, must also reimburse some advance to Party B. Party B's Responsibility 4.2: 4.2.1 Party B shall be responsible for preparing warehouses, elected representatives and sign the delivery and receipt of goods, and create conditions for A quick side delivery and most convenient. 4.2.2 Party B shall be responsible for timely payment in accordance with Article 3 of the contract. If Party B shall pay Party B delays under penalty overdue interest of the bank, and Party A has the right to suspend deliveries for the next round. 4.2.3 In the event of cancellation of the contract, Party B will fined an amount equal to 15% of the contract value, and not reimburse the advance payment to Party B. Party B 4.2.4 to provide full technical specifications for the A. Article 5: GENERAL PROVISIONS 5.1 The two sides pledged to strictly implement the transactions based on the terms and conditions above. Any changes or additions must be approved in writing by both parties. 5.2 During the period of the contract, the two sides resolve problems in a spirit of cooperation. Where the two parties can not resolve the dispute arises and then launched International Arbitration Centre next Vietnam Chamber of Commerce and Industry, Vietnam to resolve proceedings according to the rules of the Arbitration Center. The decision of the International Arbitration Centre next Vietnam Chamber of Commerce and Industry, Vietnam is the final decision. The losing party shall bear the full cost. 5.3 What is not specified in this contract both parties will comply with the laws of the Socialist Republic of Vietnam. 5.4 The contract is made in the 04's worth equally. 02 copies Party A, Party B holds 02 copies. PARTY A PARTY B
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