bio - carbon - based fertilizer ( “ bcbf ” ) purchase and sales agreement party a : scqc agricultural co. limited party b : pingchang lingfeng agricultural development co., ltd. in accordance with “ contract law of the people's republic of china ” and relevant laws and regulations, both parties have reached the following terms and conditions regarding sale and purchase of bcbf, after mutual agreement. article 1 : cooperation method party a purchases the bcbf produced by party b and promotes the fertilizer to become the only official fertilizer designated by party a. article 2 : product standards 2. 1 the standards ( including quality requirements ) of the products are implemented in accordance with the national implementation standards : organic fertilizer ny525, bio - charcoal based fertilizer ny / t3401, and related standards : q / 511923lfny 001 - 2020. 2. 2 quantity of products : to be calculated in accordance cumulative aggregate basis, the level of acceptable difference in quantity to be delivered and actual delivered by positive or negative 2 %. article 3 : production quantity the cooperation between the two parties is order - based production. the total number of orders is 612. 49 tons. party b shall complete all production of fertilizer within 30 days after signing this contract. article 4 : prices and payment methods 4. 1 unit price : rmb1, 900 per ton, total price rmb1, 163, 746 4. 2 the price is tax - inclusive, but not limited to material cost, loading & unloading charge, labour charge, etc. transportation cost will be borne by party a. this price is fixed, and still remains unchanged when there is any market price fluctuation. 4. 3 after signing this contract, party a will pay rmb483, 746 by march 30, 2020 as down payment. rmb600, 000 will be paid by april 13, 2020 as second instalment and the balance will be settled by april 15, 2020. when all payments are well received, party b will complete the production within the aforesaid deadline. party b should delivery the products to the designated place at designated date according to party a instruction. 4. 4 party b ’ s banking details to receive : account name : redacted account number : redacted bank : redacted article 5 : packaging quality in order to keep the quality of bio - carbon - based organic fe