SELLING THE EQUIPMENT ON COST, INSURANCE AND FREIGHT (CIF) TERMS TO...

1. Selling the equipment on Cost, Insurance and Freight (CIF) terms to Hai Phong port and sending personnel to

install the equipment and to train the staff of Hong Ngoc. The contract will contain a provision that, after five

years, ITLC commits to buy the equipment back and Hong Ngoc commits to sell it at 40% of the price it will pay

to ITLC originally.