Contract Agreement 1

CONTRACT
AGREEMENT

PARASTIN
GROUP TM

Shield yourself and one’s you

loves

CONTRACT AGREEMENT BETWEEN PARASTIN GROUP AND ATC

MARKETING LIMITED FOR EXPORT OF VARIOUS EDIBLE OILS
DATE:
BETWEEN:

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 Contract Agreement 2

CONTRACT AGREEMENT BETWEEN PARASTIN GROUP AND

RGL GROUP PVT LTD FOR EXPORT OF TEJA S - 17 RED CHILLIES

M/S PARASTIN GROUP whose registered office at 592 GHA/192, Rajeev Nagar, Kharika,
Telibagh, Lucknow – 226002, Uttar Pradesh, India and registration number /fiscal number is
AAYFP4697C represented by MR. DUSHYANT KUMAR, MANAGING DIRECTOR,
(hereinafter referred to as “The Seller”).

AND:

RGL GROUP PVT LTD whose registered office is at No 77 colombo gold center,
Colombo, Sri Lanka whose registration/fiscal number is ………………. (hereinafter referred
to as “The Buyer”.)

Both parties declare an interest in the sale and purchase of goods under the present contract and
undertake to observe the following agreement:

GOODS AND PRICES

Under the present contract, the seller undertakes to provide 44 MT, Teja S - 17 Red Chilli.
(Hereinafter referred to as the “Goods”), and buyer to purchase commodity enlisted as goods.

It is agreed that any information relating to the goods and their use, such as weights, dimensions,
volume, colour, price, and other data contained in catalogues, leaflets, circulars, newsletters ,
advertisements, price-list of the seller, shall not take effect as term of the contract unless expressly
referred to in the contract.

Unless otherwise agreed, the buyer does not acquire and industrial or intellectual property rights
in which may have been available to him. The Seller also remains the exclusive owner of any
industrial or intellectual or industrial property rights relating to the goods.

CONTRACT PRICE

 The total price of the goods which the buyer undertakes to pay the seller will be 173,800.00
USD and price in words will be One Hundred Seventy-Three Thousand Eight Hundred
Dollars and Zero Cents. Only.

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 Contract Agreement 3

 The Seller shall deliver the goods to port of Colombo located in Sri Lanka, Under CFR as
relevant Incoterms. The goods shall be delivered at agreed place and to the transport
agent designated by the buyer, at least twenty-four hour before the deadline
established in the present contract. Should the buyer fails to take charge of the goods on
arrival; the seller shall be entitled to demand the fulfillment of the contract and payment
of the agreed

 Both Parties undertake to renegotiate the agreed price when affected by significant changes
in the international market, or by political, economic or social situation in the country of
dispatch or destination of the product, which may damage the interest of either party.

PAYMENT TERM
 Both Buyer and Seller agrees to pay and receives the payment which is mentioned below:
 Mode of Payment: LC 60 days or LC 90 days only.
 Buyer agrees to pay the payment at above mode only.

PACKAGING

 The seller undertakes to deliver the product hereunder, suitably wrapped and packaged for
their characteristics and for the conditions.
 The Goods are packed in 25 Kg Jute bags.

WARRANTIES

 Except as expressly set forth in this Agreement, the Parties acknowledge and agree that
the Goods are provided as is.

 Except for the express warranties set forth herein, neither party makes any representations
or grants any warranties, express or implied, either in fact or by operation of law, by statute
or otherwise, and each party specifically disclaims any other warranties, whether written or
oral, or express or implied, including any warranty of quality, merchantability, or fitness
for a particular use or purpose or any warranty as to the validity of any patents or the non-
infringement of any intellectual property rights of third parties.

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 Contract Agreement 4

INSPECTION

Hereby, the Customer acknowledges that it has relied solely on the investigations, examinations,
and inspections that the Customer has chosen to make and that the Seller has afforded the
Customer the opportunity for full and complete investigations, examinations, and inspections.

RISK OF LOSS AND TITLE

 The risk of loss or damage for the goods will be on the Seller until the goods passes the
port of mundra upon loading to the Container after that seller will not bear the risk of
loss and damage from shipment via ocean to customer designation.

 The Title of the goods will also remain with the Seller until the goods pass upon delivery
to the Customer or its designee.

DELAY OR FAILURE TO PERFORM AND FORCE MAJEURE

Under no circumstances will the Seller be held liable to the Customer for any delay that may occur,
non-delivery or an arising fault of this Agreement that may be due to any labour dispute, shortage
in transportation, delay or shortage of materials to produce the Goods, fires, accidents, Acts of
God, or any other causes outside Seller’s control. The Seller will notify the Customer immediately
upon realization that it will not be able to deliver the Goods as promised. Upon such notice, either
Party may terminate this Agreement.

TERMINATION OF CONTRACT

 This Agreement may be terminated by either party or both Parties at any instant provided
that the terminating party provides a written notice of termination twenty (20) days in
advance.

 Any kind of registration fee, currency conversion fee, diplomat fee and other fee shall not
be entertained. If buyer asked to pay the any such fee then the contract will be treated as
null and void.

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 Contract Agreement 5

LIMITATION OF LIABILITY
Under no circumstances will the Seller be liable for any indirect, special, consequential, or punitive
damages (including lost profits) arising out of or relating to this Agreement or the transactions it
contemplates (whether for breach of contract, tort, negligence, or other form of action).

GOVERNING LAW
 This Agreement shall be governed by and construed in accordance with the laws of the
foreign trade (regulation) rules, 1993 (cbic.gov.in).
 All documents and related certificates will be provided by seller at the time of delivery.
However, Certificate of analysis of the batch will be provided after the analysis and
certificate issued by the quality assurance department.

 All the document such as B/L and documentation certificate will send via courier (DHL)
after shipment of the goods towards the destination port.

AMENDMENTS
The Parties agree that any amendments made to this Agreement must be in writing, where they
must be signed by both Parties to this Agreement. Accordingly, any amendments made by the
Parties will be applied to this Agreement.

SEVERABILITY
In the event that any provision of this Agreement is found to be void and unenforceable by a court
of competent jurisdiction, then the remaining provisions will remain in force in accordance with
the Parties’ intention.

ENTIRE AGREEMENT
This Agreement contains the entire agreement and understanding among the Parties here to with
respect to the subject matter hereof, and supersedes all prior agreements, understandings,
inducements and conditions, express or implied, oral or written, of any nature whatsoever with
respect to the subject matter hereof. The express terms hereof control and supersede any course
of performance and/or usage of the trade inconsistent with any of the terms hereof.

FORCE MAJEURE
The Seller will not be liable for delays in performance or for non-performance due to unforeseen
circumstances or causes beyond the Seller’s reasonable control.

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 Contract Agreement 6

SIGNATURE AND DATE

The Parties hereby agree to the terms and conditions set forth in this Agreement and such is
demonstrated throughout their signatures below:

Signature of the Seller with Seal Signature of the Buyer with Seal

Date : 04/09/2023

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