PURCHASE CONTRACT

Contract No. D02-2014/AD-D&M

Date: Jan 16, 2014

Between The Buyer: Anh Duy international company limited (QTAD CO., LTD)
Add : 170 Ung Van Khiem Street, District Binh Thanh, HoChiMinh City,.Vietnam
Tel : 84-8-38983424 Fax: 84-8-38983425
A/C No : 16574739
With : ASIA COMMERCIAL BANK
Address : 71 Dien Bien Phu str, District Binh Thanh, HoChiMinh City Vietnam
Tel : 84-8-5 180787
Represented by Mr. NGUYEN KHAC ANH – Managing Director
The Seller : D&M Electronics Singapore Pte Ltd.
Add : 438A Alexandra Road Alexandra Technopark
Tower A #01-09 Singapore 119967
Tel : + +65 6339 1181 Ext 209 Fax : +65 6339 8366
Bank : DEUTSCHE BANK AG (DEUTSGSG)
A/C No : 2501831000
GST Reg No : M2-8923527-2
Represented by MR. Inoue Yuzuru – Regional sale Manager
Both parties agree to enter into this contract on following terms and conditions:
I/ COMMODITY AND AMOUNT AS PER THE LIST (BRAND NEW 100%).
ITEM QUANTITY AMOUNT (SGD)
(pcs) FOB Singapore
DENON PRODUCTS 377PCS 150.416,00
(100 % Brand new)
(Saying: Singapore Dollars One hundred fifty thousand four hundred sixteen only.)
Details of name, description, quantity, unit price, and amount.
II/ PACKING AND MARKING:
Packing: As per Export Standard packing.
Marking: CONTRACT No: D02-2014/AD-D&M
QTAD CO.,LTD, HCM CITY; VIETNAM
CASE No.
III/ SHIPMENT:
Shipment: by sea not later than 15 days from the TT day.
Loading port: Singapore to Ho Chi Minh city Port – Vietnam.
Partial shipment: Allowed
Transshipment: Allowed
 Within 05 days from B/L date, the Seller has to fax to the Buyer the signed shipping documents.
 1/3 Original B/L plus one set of non- negotiable shipping documents have to send directly to the
applicant by express courier within 07 days from B/L date.
IV/ PAYMENT:
Payment will be made by Irrevocable L/C at sight with 100% the total contract amount, issued by ASIA
COMMERCIAL BANK
Beneficiary : D&M ELECTRONICS SINGAPORE PTE LTD.
Advising bank : DEUTSCHE BANK AG (DEUTSGSG)
A/C No : 2501831000
GST Reg No : M2-8923527-2
V/ DOCUMENTS:
Required shipping documents:
1. Signed commercial Invoice in triplicate.
2. 2/3 set of “Clean Ship on board” ocean Bill of Lading, made out to order of issuing bank and notify the
applicant.
3. Detailed Packing List in triplicate original.
4. Certificate of Origin issued by SINGAPORE MANUFACTURERS FEDERATION OF EXPORT
COUNTRY
5. Quality and quantity certificate in triplicate issued by the Manufacturer or the Seller.
6. Copy of fax to the buyer advising of the particulars of shipment ( vessel name, B/L date, B/L No.,
description of goods, L/C No., invoice value, port of loading, ETA, ETD).
 7. Beneficiary’s certificate that 1/3 Original B/L plus one set of non-negotiable shipping documents has
been sent to the issuing bank and one set non-negotiable documents to the applicant by express courier
within 07 days from B/L date.
VI/ INSPECTION:
If the goods have to be inspected a representative from the forwarder have to be present as a representative of
D&M ELECTRONICS SINGAPORE PTE LTD.
VII/ FORCE MAJEURE
The contracting parties are not responsible for the non-performance of any contract obligation in case of
usually recognized force majored. As soon as occurred the condition under which force majored has been
invoked i.e. extra ordinary, unforeseeable and irresistible event, a cable or telex should be sent to the other
party for information. A certificate of Force majeure issue by the competent Government Authorities will be sent
to the other party within 07 (seven) days. Beyond this time, force majeure circumstance shall not be taken into
consideration.
VIII/ PENALTY:
In the event that the Seller fails to deliver the gods under this contract on due time, the Buyer will have the right
to penalty in the amount equivalent to 1% of delayed portion value per a week of delay but totally not exceed
3% total value contract. Telegraphic transfer to the buyer’s Bank shall effect payment for the penalty at the
same time.
IX/ ARBITRACTION
In case of dispute, it is first mutually discussed of the basic of mutual respect and benefits. if it is beyond
discussion, the case shall be referred to Viet Nam International Arbitration Center next to the Singapore
Manufacturers’ Federation and Industry of Vietnam in Ho Chi Minh City. The decision of this Center shall be
final and binding upon parties. The arbitration fees shall be born by the losing party.
X/ COMMONS TERMS:
Any change or amendment to this contract must be effected by writing or by fax upon the discussion of to
parties. This contract is made by fax and will be valid from the date of signing.
ON BEHALF OF THE SELLER ONBEHALF OF THE BUYER

Mr. Inoue Yuzuru Mr . NGUYEN KHAC ANH

(Regional Sale Manager) (Managing Director)