SALE AND PURCHASE CONTRACT

LONG GRAIN
100% SORTEXED CREAMY 1121 SELLA RICE
DATED 24/01/2017

Transaction Code and Reference number: Contract Buyer Code: 9120170124001

Contract Seller Code:__________

This contract is made on this Twenty forth day of January two thousand seventeen by and between.

THE SELLER

AAkansha Rice Mills Pvt Ltd

(IEC Code Number:1316921841)
B-1/554, Chitrakoot, Jaipur RJ 302021,India
Mr. Sanjay Kumar, Director

BANKING DETAILS OF SELLER:

Bank : ICICI BANK LTD
Branch : Vidyut Nagar Branch, Jaipur
Address : 123 Vidyut Nagar C,
Chitrakoot Marg,
Jaipur, RJ- 302021, India
Account #: 677205600372
SIFT CODE : ICICINBB012
Bank Phone : +91141 336 6777

THE BUYER

ENERGY HUB & LOGISTICS PTE LTD.

1202, Maxwell House, 20, Maxwell Road, Singapore 069113
Phone :+6562242576 & 96999429 nishikoventures@gmail.com
Mr. Bobby Awasthi Director (Here in after referred to as the 'Buyer'),

BANKING DETAILS OFBUYER:

TBA

In witness hereof, the Seller and the Buyer agree to confirm to the following terms and conditions:

COMMODITY
Whereas: The Buyer hereby makes and confirms that they are ready, willing and able to purchase 20MT
1st shipment, (+/- 5%) of Long Grain Indian Creamy Pusa Sella 1121 Rice under the terms and conditions
mentioned subject to execution of the contract for the purchase of the said commodity upon valuable
consideration of the mutual agreement, promises, benefits and terms of this commercial agreement
which is hereby acknowledged,
Whereas: The Seller with full corporate authority and responsibility hereby certifies, represents and
warrants that it can fulfill the requirements of this agreement and provide the product.
Now therefore, the parties hereto agree to the terms and conditions of this agreement as set forth herein
below in conformance with the International Chamber of Commerce ICC 500 — 1993 revision.

Total quantity to be shipped is 240 MT WITH TRIAL ORDER OF 20 MT as a first shipment. Once trial order
shipment successfully performed buyer will issue IRREVOCABLE LC to be opened by any First Class bank
within 15 days from the date of signing of this contract payable at sight. Fresh price will be mutually agreed by
both parties as and when shipments after trial order will happen.

Buyer and seller shall work in good faith and harmony to make the business and relationship successful.

SPECIFICATION
(Long Grain Indian Creamy Pusa Sella 1121 rice), Sortexed
1121 Creamy Sella
Rice 100%,
sortexed,

Length 8.30 mm before cooking

Moisture: 13% Max
Broken 2% Max
D/D/R/Yellow 1% Max
Kernels
Foreign Matter 0.25% Max
Whiteness Degree on 32+ Min
Kett
Admixture 5% Max
Qualitative requirements must be fulfilled:

A. Smell: normal, without must or mould (free from foreign odour or odour which indicates deterioration)
B. The quality of rice shall not be inferior in grain and color
C. The rice shall be in good condition, free from live insects and their larvae at time of shipment
D. The rice has to be free from metallurgical particles, glass particles, poisonous substances which can make
the rice unfit for human consumption.

PRICE
USD 1050 / PMT net shipped weight CIF Singapore Free in Free out Basis.

The above price is applicable for first lot of 20 MT

ORIGIN
INDIA

QUANTITY
20 MT

PACKING
In new STRONG PP woven bags.
Packing 5 Kg. PP Bags with inner liner (per bag wt. 45 gm.) with 50 Kg. Master PP Bags with the wt. of 1 10
gm.per bag. To be confirmed before the LC is opened.

The bags must be double stitched using PP thread at both ends and are suitable for rough handling and sea
transportation. Seller to provide Buyer with 2% empty bags on the shipment free of charge.
MARKING
Seller's marking

SHIPMENT
Within 60 days from the date of receipt of confirmed L/C. The shipment to be sent in 20ft containers. Part
shipments not allowed.

WEIGHT AND QUALITY

Weight, quality and condition of cargo shall be ascertained at load port as per inspection by BV, Cotecna or
Intertek. All costs for inspection to be for Seller's account.

FUMIGATION
To be effected on board of vessel after completion of loading with risk and expense to be for Seller's account.
Fumigation to be done with Methyl bromide (min 5 lbs/25m3) or Aluminum phosphide (min 3 grms/m3)

PORT OF LOADING
Any Indian port

PRODUCT SALE AND PAYMENT TERMS

The Buyer and Seller agree to the following terms concerning quantities, price end payment:
CONTRACT PERIOD: 12 months, Initial first shipment in 60 days of opening of L/C and Other shipments as
per the schedule mutually agreed between buyer and seller.
Payment terms: L/C at Sight to be confirmed by a first class Bank and L/C to be received within 15 days of
contract finalization.

Documentation:
1. Clean on board ocean bill of lading marked "Freight prepaid" short form — three (3) original and five (5) copies.

2. Signed commercial invoices. Three (3) original and five (5) copies.

3. Packing List showing gross/net weight and the number of ocean bill of lading and packing conditions, one (1)
original and three (3) copies.

4. Certificate of origin issued by or endorsed by the Chamber of Commerce of country of origin in one (1) original
and three (3) copies,

5. Certificate of quality and quantity and weight is issued by Independent Surveyor. One (1) original and three (3)
copies.

6. Copy of fax or cable sent by seller within seven (7) banking days from Bill of Lading date to the buyer + buyer's
bank of the detailed shipping advice showing Letter of credit number + commodity name + vessels name + Bill of
Lading with number and date + quantity of loaded cargo + name of loading port + total invoice value.

7. Certificate of Non-Radiation, one (1) original and three (3) copies

8. Phytosanitary certificate
9. INSURANCE to be covered by the Seller.

10. All banking charges inside India are in seller’s account. All banking charges outside India are in
buyer’s account

EXIT CLAUSE

It is in the option of the seller to exit from the contract after execution of any vessel shipment by giving 30
days’ notice without assigning any reason whatsoever.

GOVERNING TERMS
There can be no amendment, alteration or deletion without the expressed written consent of Buyer and Seller.

DISPUTE RESOLUTION

If any dispute or difference arises between the Parties hereto during the subsistence of this Agreement or
thereafter, in connection with the validity, interpretation, implementation or alleged material breach of any
provision of this Agreement or regarding any question, including the question as to whether the termination of
this Agreement by any Party hereto has been legitimate ("Dispute"), a Party may give the other Party notice
that a Dispute has arisen (a "Dispute Notice") and the Parties shall negotiate to amicably resolve the Dispute
within fifteen (15) days of service of the Dispute Notice (or such longer period as the Parties may mutually
agree) (the "Resolution Period"), The attempt to bring about an amicable settlement if not so resolved, the
Dispute shall be referred to and resolved by a binding arbitration.

The venue for such arbitration shall be in New Delhi and all proceedings shall be conducted in the English
language.

The Parties shall jointly appoint a sole arbitrator mutually acceptable to them. In the event of failure to agree
upon a sole arbitrator, one arbitrator each shall be appointed by both the parties [He two arbitrators so
appointed shall appoint a third arbitrator.

Such arbitration shall be referred to and resolved by arbitration administered under the Indian Arbitration
and Conciliation Act, 1996, which rules are deemed to be incorporated by reference into this Clause. Any
arbitration award by the said arbitrator or arbitrators shall be final and binding upon the Parties.

All claims and counterclaims shall, to the extent such claims or counterclaims are known at the time any
arbitration is commenced, be consolidated and determined in the same arbitration proceeding.

Deposits to cover the costs of arbitration shall be shared equally between the Parties. The award rendered by
the arbitrator or arbitrators shall, in addition to dealing with the merits of' the case, fix the costs of the
arbitration and decide which party shall bear such costs or in what proportions such costs shall be borne by the
parties thereto.

The award rendered by the arbitrator or arbitrators shall be final and conclusive and shall be subject to forced
execution in any court of competent jurisdiction.
No Party involved in any way in the initiation, coordination or operation of the arbitration of any Dispute may
disclose the existence, content or results of the Dispute or any arbitration conducted under this Agreement in
relation to that Dispute, except as required under Applicable Laws.
In case the arbitration award is not acceptable to either of the parties, the Parties shall have the right to
approach a Court of law and Indian Courts shall have exclusive jurisdiction.

NOTICES

Any notices, requests, acceptance and other communication required or permitted under this Agreement will
be in writing. Notices will be deemed given only when (a) delivered personally, (b) delivered by commercial
overnight courier with written verification of receipt, (c) delivered by registered or certified mail, return
receipt requested, postage prepaid, or (d) sent by Facsimile with an original copy of the facsimile dispatched
by methods stated in (a), (b) or (c) above, or (e) sent by email upon receipt by the sending Party of an
electronic confirmation of transmission of the notice to that addressee. However, the Parties should send the
communication through email only if the delivery cannot take place through registered mail, facsimile, or
personal delivery. All communications will be sent to the receiving Party's address set forth below, or to such
other address that the receiving Party may have provided for purpose of notice by notice as provided in this
Agreement, For the purposes of this Agreement, the addresses of the Parties, until a notice of change is given
as provided in this Agreement, will be as follows:

For

Address: [o]

Mobile number: [o]

Attention: [e]

Email: [o]

For ENERGY HUB & LOGISTICS PTE LTD.

Address: 1202, Maxwell House, 20, Maxwell Road, Singapore 069113

Mobile number: 6562242576 & 96999429

Attention: Mr. Bobby Awasthi Director

Email: nishikoventures@gmail.com

Force Majeure Event

Force Majeure Event will mean any event or circumstance or combination of events and circumstances that
prevents performance by a Party of its obligations under this or further Agreements, but only if and to the
extent that such events or circumstances are not within the reasonable control and not due to fault or
negligence of a Party ("Affected Party") and could not have been prevented, avoided 01' overcome even if the
Affected Party had taken reasonable care or complied with Prudent Utility Practices, and shall include, without
limitation the following:
Act of God like lightning, earthquake, volcanic eruption, landslide, flood, cyclone, typhoon, tornado, adverse
weather conditions;

Act of war (whether declared or undeclared), invasion, armed conflict or act of foreign enemy, blockade,
embargo, revolution, riot, insurrection, civil unrest, terrorist or military action;

Any requirement, action or omission to act pursuant to any judgment or order of any court or judicial
authority in India (provided such requirement, action or omission to act is not due to the breach by the
Affected Party) of any Law or any of its obligations under Agreement.

CONFIDENTIALITY NON-DISCLOSURE AND NON-CIRCUMVENTION

The product is offered for sale subject to this contract terms and conditions previous transaction if any between
buyer and the seller or their parties,

It is further agreed that any information of Buyer and Seller contained in this contract to be held in the strictest
confidence, any violation of which will result in the immediate cancellation of this contract and shall be
deemed a breach of this agreement in legal contemplation

In witness thereof, the parties have signed below and by doing so have accepted and approved all covenants,
terms and conditions of this contract.

Thus done and signed by both parties on this 21thday of MAY 2016

Seller Signature & Seal Buyer Signature & Seal

Name: Name: Bobby Awasthi

Position : Position : Director

Company Seal Company Seal