This document is an agreement between Party A and Party B for the production, supply, and purchase of compound feeds. Some key points: - Party A will produce compound feeds according to Party B's specifications and purchase orders and deliver them FOR (free on rail). - The initial term of the agreement is 1 year, automatically renewing for additional 1 year terms unless one party provides notice of non-renewal. - Party A will display Party B's company name/trademark on products commissioned by Party B but will not sell these products to third parties or use Party B's intellectual property without permission. - The agreement is governed by Indonesian law and disputes will be resolved via arbitration in Seoul,

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Agreement for Production, Supply and Purchase of Compound Feeds
This Agreement for Production, Supply and Purchase of Compound Feeds (hereinafter
referred to as the “Agreement”) is entered into on this day ........., ...........of ................ 20_,_,
(hereinafter referred to as the “Signing Date”), by and between:
1. _____________________ a company duly established and existing under the laws
of________, having its factory located at .................................................................
(hereinafter referred to as the “Party A”); and
2. _____________________ a limited liability company duly established and existing
under the laws of the Republic of Indonesia, having its address at ...............................
(hereinafter referred to as the “Party B”).
Hereinafter Party A and Party B are collectively referred to as the “Parties” and severally as
the “Party”.
WITNESSETH
A. WHEREAS, Party A is a company that engaging in the field of production and supply
of compound feeds (hereinafter referred to as the “Products”);
B. WHEREAS, the Party A is desires to produce, supply and sell the Products with
special terms and conditions of the Products as attached in the Attachment A and as
specified with the Specification in the Attachment B of this Agreement to Party B and
Party B is desires to purchase of such Products from Party A as stipulated under this
Agreement.
NOW THEREFORE, in consideration of the premises and the mutual covenants herein
contained, the Parties hereby agree to enter into this Agreement with the following terms and
conditions:

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Article 1 Scope of Agreement
Subject to the terms and conditions to this Agreement, Party A agrees to produce, supply and
sell the Products to Party B and Party B agrees to purchase the Products from Party A.
Article 2 Purchase Order, Price of Products and Taxes
a. Purchase Order
Unless determines otherwise by Party B, Party A shall supply and sell the
Products to Party B within not later than .............. (...........................)
calendar days since the issuance date of any written purchase order which
issued by Party B for every purchase of the Products (hereinafter referred to
as the “Purchase Order”).
b. Price of the Products
Prices of the Products to be supplied to Party B by Party A shall be
determined by a separate agreement.
c. Taxes
In connection with exportation, importation and distribution of the Products,
each Party shall pay all taxes, custom duties and other imposts that may be
required to be paid by each Party pursuant to any statute, ordinance or
regulation of the government of the related Party.
Article 3 Term of Agreement
a. The term of this Agreement shall be effective, valid and continue to full
force and effect for on ..................... and shall be expire on ..........................
(hereinafter referred to as the “Term of Agreement”).
b. Unless either Party sends a written notice on refusal of renewal of this
Agreement within 3 (three) months before expiration of the Term of
Agreement as mentioned above, this Agreement shall be automatically
renewed for 1 (one) additional year with the same terms and conditions.
Article 4 Products to be Supplied and Supply Volume

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The Products to be supplied by Party A to Party B under this Agreement shall be produced
upon specifications and volume requested by Party B in its Purchase Order including without
limitation to the mixture ratios (mixture ratios of ingredients of the Products), materials or
textures, packaging methods and units and volume.
Article 5 Delivery of the Products
The Products under this Agreement shall be delivered from the factory of Party A upon a free-
on-rail (FOR) in accordance with the date of delivery as stipulated in the respective Purchase
Order.
Article 6 OEM Products
Party B shall request that Party A display or indicate Party B’s company name, trademark or
product name on the Products that it will sell and Party A shall proceed with production and
supply per such request.
a. With respect to the Products that Party B commissions Party A to produce,
Party A shall only serve as a producer and supplier and shall neither use
Party B’s company name and/or trademark to sell the Products nor
produce/sell similar products without Party B’s prior written consent.
b. Types of Party B’s Products shall be determined in advance, as applicable, in
a manner that contributes to mutual benefits between the Parties.
c. Party A shall be indicated as a producer in the Products’ registrations and on
the Products.
d. Party B shall purchase and sell the Products that Party B commissions Party
A to produce. If any dispute arises out of issues subject to any applicable
laws including, product registration, product management and such issues
are attributable to Party B, Party B shall be responsible therefore.
e. The Products’ name shall use the trademark that Party B exclusively selects
and the title and license thereto shall belong to Party B.
f. Party A shall indicate Party B’s trademark set forth Paragraph (a) above on
the Products and the packages thereof. Party B shall determine the shape of

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the trademark and the indication method.
g. Party A shall neither sell the Products with Party B’s trademark attached to a
third party other than Party B nor use Party B’s trademark for whatsoever
purpose other than performance of this Agreement.
Article 7 Responsibility for Risk, Product Inspection and Warranty
a. Responsibility for Risk
Risks relating to loss of the title or damage of the Products sold by Party A
to Party B shall be transferred to Party B or a purchaser designated by Party
B at the time of the Products’ delivery in accordance with this Agreement.
However, with respect to defects relating to the quantity, weight, quality, etc.
of the Products that Party B or a purchaser designated by Party B failed to or
was unable to detect at the time of the delivery, Party A shall make joint
efforts with Party B to resolve such defects upon the complaints filed by
Party B thereon. If there are conflicts of interest, in this case, the Parties shall
resolve such defects upon legal interpretations in the light of commonly
accepted commercial practices. If either Party requests the other Party’s
cooperation for inspection, etc. for the purpose of finding a cause for a defect,
the requested Party shall provide full support.
b. Product Inspection
Regardless of whether the Products have passed a product inspection and
whether Party B has sold the Products to a third party, if there is a production
defect in the Products (spoilage, poor hygiene, failure to meet specifications,
quantity shortfall, etc.), Party B may claim replacement, supplementation,
replenishment or reimbursement to Party A and Party A shall be responsible
immediately to fix such defect as requested by Party B.
c. Warranty
1) If a third party files a complaint regarding the Products’ quality, Party
B shall immediately notify Party A of such complaint and it shall be
determined whether such defect constitutes a production defects set
forth in Paragraph b above in the present of the Parties. If it is
determined that it is a production defect, Party A shall immediately

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replace the defective Products with new ones at its own cost and
Party B may claim damage to Party A for its subsequent losses.
2) Party A hereby warrants and guarantees to Party B that any and all
Products which will be and/or have been sold, provided and/or
exported by Party A to Party B are:
a) subject in accordance with the Spesification as set forth in the
Attachment B of this Agreement;
b) free from defects and/or faults in material and/or lack of
workmanship and/or whatsoever reason caused by negligence
of Party A to the Products, then the Party A shall be
responsible and give its best endeavour to solve the problems
including but not limited to replace of such Products without
the imposition of additional cost.
c) Party A hereby agrees to be responsible for any damages,
losses, costs and/or expenses which incurred by Party B,
and/or to claim indemnity instead of performance to Party A,
as the result of or in connection with breach of the warranty
and product liability by Party A.
d. In case of a production defect attributable to Party A as stated above, Party A
shall immediately notify Party B of the cause for such defect and measures
to resolve such defect in writing.
Article 8 Production Cost, Terms of Payment, Quality and Standards
a. Production Cost
Production cost based on the monthly sales and purchase volume shall be as
shown below, and Party A shall include the following expenses into the sales
revenue:
1) Production cost shall be,
powder: KRW[............]/kg, and pellet and crumble: KRW[............],
and production cost may be re-adjusted in case production volume
exceeds [..............] tons per month.
2) The quality of material and design as decided by Party B shall apply to

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packaging materials.
3) Party A shall purchase and use packaging materials, and such
packaging expenses shall be settled at the time of calculation of
production cost in each month by applying the market price of
packaging materials, in addition to the production cost.
b. Terms of Payment
Payment shall be made for the sales of the relevant month within 10th day of
next month, with a bill due in sixty (60) days from the date of tax invoice, in
principle.
If Party B needs to separately supply to Party A raw materials (premix or
concentrated feeds) for the purpose of maintaining the quality of the OEM
Products, Party A shall agree thereto and make the payments for such raw
materials to either Party B or the suppliers designated by Party B, as
applicable, under a separate agreement thereon. In this case, Party B shall
guarantee quality of premixes that Party B supplies.
c. Quality and Standards
In case of changes in the list of the Products, quality and standards shall be
adjusted by mutual agreement of the Parties.
Article 9 Technological Support
If deemed necessary to determine whether the Products that Party A has been commissioned
to produce are being produced in accordance with the characteristics of the Products, Party B
may request that Party A provide relevant materials regarding raw material costs, applicable
mixture ratios, production statuses, raw material stocks, inventories, etc.
a. Party B shall provide Party A with the mixture ratios for the Products that
Party A has been commissioned to produce and Party A shall produce the
Products by using such ratios.
b. All material costs, production costs, production technology costs, etc. for the
Products to be paid by Party B to Party A shall be separately determined and

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be included in Party A’s sales.
Article 10 Transfer and/or Assignment of the Agreement
Neither Party shall assign, transfer, provide as security or dispose of their statuses, rights
and/or obligations in whole or in part to a third party without the other Party’s prior written
consent. In the event the other Party accepted such assignment and/or transfer, the relevant
assignee and/or transferee (if any) shall be bound by and fulfill the obligations or duties as
stipulated in this Agreement. Neither Party shall not, without the other Party’s prior written
consent, disclose to a third party or use for whatsoever purpose other than performance of this
Agreement the other Party’s trade secrets that it comes to know in the course of performing
this Agreement.
Article 11 Amendment
Any other terms and conditions not specified and/or insufficient in this Agreement shall be
discussed mutually and agreed upon by the Parties at later stage, as the amendment or
addendum to this Agreement. Any amendment, addendum, supplements and/or alteration to
the terms and conditions of the Agreement shall not become binding unless made in written
form, signed by authorized representatives of the Parties and approved by respective
authorities if required.
Article 12 Termination
a. This Agreement shall only be expired or terminated because of the following
events:
1) Automatically expired when the Term of Agreement as stipulated in
Article 3 has been occur and the Parties have failed to extend the Term
of Agreement; or
2) Terminated by the either Party pursuant to Article 14 paragraph e of the
Agreement, in the event Force Majeure has been occurs; or
3) Terminated by the either Party in the event that the other Party violates
this Agreement or the agreement(s) hereto by sending a 1 (one) month
prior written notice to the other Party.; or

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4) Terminated by mutual agreement between the Parties.
b. The Parties agree in the event the Agreement is terminated pursuant to
Article 12 paragraph a sub paragraph 2) or 3) or 4) above does not eliminate
the Parties’ obligations which have not been resolved prior to the termination
of the Agreement. However, the Purchase Order, bonds, liabilities and
delivery and receipt of the Products which are made, received and/or agreed
before the date of termination of this Agreement shall continue unabated and
shall be subject to this Agreement.
c. In case of termination of this Agreement, the Parties hereby waive the
provisions set forth in Article 1266 of the Indonesian Civil Code with regard
to the requirement for court pronouncement, decision or decree to effect
termination of this Agreement.
Article 13 Governing Laws and Dispute Resolution
a. This Agreement is governed by and shall only be construed in accordance
with the laws of the Republic of Indonesia.
b. Any dispute, controversies, conflicts, claims and/or any other matters of
whatsoever nature arising out of or in connection with this Agreement,
including any question regarding its exercise, validity and/or terminations
shall be decided as they occur, and upon consultation between the Parties
and as far as possible shall be firstly settled amicably by the Parties hereto.
c. In the event the Parties failed to settle and/or make amicable settlement of
any dispute, controversies, conflicts, claim and/or other matters of
whatsoever nature arising out of or in connection with this Agreement within
30 (thirty) calendar days since the first official negotiation meeting is
conducted, then such dispute, controversies, conflicts, claim and/or other
matters of whatsoever nature shall be finally settled by arbitration in Seoul,
Korea in accordance with the Domestic (International) Arbitration Rules of

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the Korean Commercial Arbitration Board and under the Law of Korea. The
arbitral tribunal consists of three arbitrators, each party shall appoint one
arbitrator and the two arbitrators chosen by them shall appoint a third
arbitrator, as a presiding arbitrator.”and the language of such arbitration
shall be Korean.
d. Pending submission of a dispute or arbitration under this Article 12 and until
publication of the arbitral award, each Party must continue to perform its
obligations under this Agreement, without prejudice to a final adjustment in
accordance with the arbitral award.
Article 14 Force majeure
a. Neither Party shall be responsible or liable for or deemed in default or in
breach for failure to perform its part or whole of its obligation under or
pursuant to this Agreement and/or each individual contract under this
Agreement due solely to one or more events of Force Majeure or its or their
effects or by any combination thereof.
b. The Force Majeure as referred to in Article 13 paragraph a above shall
means, including with limitation to fire, flood, tsunami, earthquake, striking
by lightning, typhoon, whirlwind, epidemic disease, exploding, mechanical
accident, war (declared or undeclared), rebellion, punishing, laborer’s
dispute or troubles or other industrial relation disturbances, embargoes, legal
restrictions, riots, insurrections, act or policy action of government or any
other reason or causes beyond the control of the Party or the Parties hereto.
c. The affected Party shall promptly notify the other Party related of such cause
or circumstances of the Force Majeure not later than 7 (seven) calendar days
since the occurrence date of Force Majeure and the Parties will consult and
determine what action should be taken to best protect their respective
interests. Provided, however, the affected Party shall promptly resume
performance upon cessation thereof and that the above shall not relieve
either Party from its obligations to perform its part of this Agreement at such
time.

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d. Neither Party shall be responsible or liable for or deemed to be responsible
for any losses incurred by the non-affected Party and the non-affected Party
shall not have any rights to claim for any compensation as the result of the
Force Majeure.
e. Either Party shall be entitled to terminate this Agreement forthwith by a
termination notice to the other Party if one or more event(s) of Force
Majeure render it impossible for the affected Party to fulfill its obligations in
accordance with this Agreement and such event of Force Majeure is
permanent, or if temporary, latest uninterruptedly for a continuous period of
60 (sixty) days or more.
Article 15 Miscellaneous
a. Severability
If any one or more of the provisions contained in this Agreement becomes or
is deemed to be void, invalid, illegal or unenforceable in any respect under
any applicable laws, the validity, legality and enforceability of the remaining
provisions contained in this Agreement and/or the rest of this Agreement
under the aforesaid applicable laws or any other law shall not in any way be
affected or impaired. The Parties shall, in any such event, agree on any new
provision(s) that would replace such provision(s) in order to affect the
intention of the Parties.
b. Costs
All costs and expenses in relation to the preparation, modification, revision
or any other matter related to this Agreement shall be paid by the each
respective Party.
c. Entire Agreement
This Agreement together with any documents which executed in connection
with this Agreement constitutes the entire agreement between the Parties,
and supersedes all prior negotiations and/or, representations in connection
with or arising out of this Agreement, whether in writing or verbal.
d. Language
The Parties have executed this Agreement in the English language, which

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shall serve as the governing language of the Agreement. If requested by a
Party, the Parties will sign a Bahasa Indonesia version of this Agreement. In
the absence of a Bahasa Indonesia version, the Parties hereby disclaim any
benefit from, or any right to cancel or declare this Agreement as null and
void because of, the absence of a Bahasa Indonesia version pursuant to the
Indonesian Law No. 24 of 2009.
e. Any and all attachments, appendixes, addendum and/or amendment to the
Agreement and/or any documents referred herein and/or any specification as
agreed by the Parties from time to time (if any) shall be regarded as an
integral and inseparable part of this Agreement.
IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed by their
duly authorized representatives in 2 (two) originals and each party has retained one original
thereof, respectively, as of the date and year first written-above.
Party A
____________________________
Name: .................................
Title: ...................................
Party B
____________________________
Name: ..................................
Title: ....................................

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Attachment A
Special Terms And Conditions of the Products
Article 1 Product Type
The type of the Products hereunder shall be the Products to be purchased by Party B that
Party B orders Party A to produce under Party B’s trademark.
a. Product type: Livestock compound feeds
b. Product name: To be determined by separate agreement
c. Others: If a product item changes, relevant matters shall be determined upon
mutual agreement by the Parties.
Article 2 Production and Supply Capacity
Party A’s supply capacity of the Products shall be based upon volumes ordered by Party B.
a. In order for Party A to plan its production, Party A shall present its
expectations on a monthly production volume that it will order in the
following month within 15 (fiveteen) calendar days prior to commencement
of such month.
b. If an accident occurs at Party A’s factory to the extent that it shall suspend its
production and supply, Party A shall immediately notify Party B of such
accident and find another factory to continue such production by entering
into an agreement therefore upon mutual cooperation and negotiations with
Party B.
Article 3 Sales Promotion and Sales Activities of the Products
In case of sale of Party B’s OEM Products, Party B shall have the sole power and authority
thereto, including any and all business activities, such as distribution, sales promotion and
sales activities.
Article 4 Statutory Registration of the Products
Party A shall be responsible for the registration of the Products and ingredients under the
Control of Indonesian Livestock and Fish Feed Act, etc. as the producer of the Products.

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Article 5 Quality Control of the Products
Party A shall produce the Products according to the mixture ratio provided by Party B. If
Party A discovers any legal defects prior to blending, it may review such legal defects and
refuse to produce the Products, and if the Products that Party A has agreed to produce have
quality defects due to failure to comply with the mixture ratio, Party A shall be liable for such
quality defects.
Article 6 Decision of Raw Material Cost for the Products
Relating to the Products that Party A has produced, supplied and sold to Party B, the raw
material case shall be determined as follows:
a. Raw Material Cost Calculation
- Party A shall purchase any and all necessary raw materials for
processing compound feeds through the supply lines home and
abroad under its own responsibility and power.
- The raw materials to be used according to the mixture ratio shall be
calculated based on the cash purchase price. (imports: cash unit
price/domestic raw materials: cash on delivery to factory)
- The USANCE L/Cs of imports that are necessary for and used by
Party A, financial expenses relating to purchase of domestic raw
materials on credit, or gains and losses on foreign currency
transactions, shall be decided for the interests of Party A’s
management, or in order to control losses, and shall not be reflected
on the raw material price to be provided to Party B; provided,
however, that basic financial expenses, i.e. opening, wire and
exchange commissions, are recognizable.
- Party A shall seek its best managerial efforts to purchase quality raw
materials at the lowest price, if possible, and may request that Party
B confirm the above when necessary.
- The foreign exchange rate on Party A’s books shall be generally
applicable; provided, however, that if the foreign exchange rate is
not determined, an average of the basic rate notified by the Korea
Financial Telecommunications & Clearings Institute from the 25th

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day of the prior month to the 24th day of the relevant month plus the
exchange commission shall be applicable to calculation.
b. Decision of Raw Materials to Be Used
The Parties shall hold a regular meeting (a joint meeting for purchasing raw
materials) and discuss from time to time in order to decide raw materials to
be used for processing quality the Products and maintaining nutrient
ingredients.
c. Provision of Raw Material Cost
Party A shall record the evidence for calculating the raw material cost and
notify Party B of the overdrawn raw material cost calculated prior to the 24th
day of the relevant month, by the 25th day of such month. Party B shall
determine the sale price of the finished Products and the managerial
operation criteria based on the above raw material cost. Moreover, such raw
material cost may serve as the basis for the sale price that Party A will apply
to Party B. The difference of next month shall be calculated based on the
production volume of relevant month.
d. Party B shall finally determine the mixture ratio and notify Party A of such
mixture ratio on the 27th day of each month.
- The reduction of raw materials of 0.25% in the courses of
production shall be considered; provided, however, that in case of
packaging materials, 0.3% shall be permissible.
- Changed mixture ratio shall be applicable from the 1st day of each
month.
Article 7 Production Cost Calculation
The Parties shall mutually execute an agreement by calculating the floating production cost
based on the monthly sale and purchase volume, and in case of necessity of adjustment in
production cost, the Parties shall agree to such adjustment.
a. An agreement based on volume shall constitute a separate agreement.
b. Production cost shall be divided into packaging and non-packaging.
c. Production cost shall cover any and all necessary expenses for loading paper
bag and non-packaging feeds.

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d. Products cost shall cover any and all necessary expenses for measuring the
actual weight of the Products.
e. Production cost shall cover the expense for the standby place of
transportation vehicles to be prepared by Party A for transportation of the
Products.
f. The production cost under the Agreement between the Parties shall mean
Party A’s expenses incurred from the time when Party A receives the order of
the Products requested by Party B, or placed by the purchaser designated by
Party B, to until such Products get on board Party B’s transportation vehicle.
Article 8 Method of Decisionof Sales Invoice Amount
The sales invoice shall be issued based on the sum of the raw material cost, the production
cost and the production technology commission as set forth in Article 6 and Article 7 of this
Special Terms and Conditions of the Product, and in accordance with the terms of payment
stipulated by the Parties in the Agreement; provided, however, that value-added tax (VAT)
shall be determined by the prevailing tax laws.
Article 9 Sales Criteria
The sales criteria shall be based on the sales of Party A’s factory. When Party B uses Party A’s
alighting station and transportation vehicles for the convenience of logistics, payment thereof
shall be made by Party B, or included into the sales price of the boarding and alighting
locations, which is separately determined by the Parties.
Article 10 Procedures Following Party A’s Issuance of Sales Invoice
a. In accordance with the sales invoice issued by Party A, Party B shall be in
charge of setting the sale prices of the Products, for transportation, sales
activities, profit management, etc. after purchase of the Products.
b. If end consumers file a complaint for the quality defect of the Products, as
purchased by Party B after Party A’s sale, and request the return of such
Products, the Parties shall mutually and closely discuss and jointly cope with
such problem.

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Attachment B
Specification
Product name Age fed
(days)
Feed
Type
Pack Type CP
(%)
cFat
(%)
Ca
(%)
P
(%)
cFiber
(%)
Ash
(%)
Layer Starter 0-42 M B, C/B, K 19 2.5 0.68 1.2 6 9
Layer Grower 43-84 M B, C/B, K 16.5 2.5 0.68 1.2 6 10
Layer Developer 85-119 M B, C/B, K 16 2.5 0.68 1.2 6 10
Layer Peak 120-350 M B, C/B, K 17.5 2.5 0.9 0.5 7 15
Layer Peak2 350- M B, C/B, K 17 2.5 0.9 0.5 7 15
Broiler Breeder
Starter
0-28 M B, C/B, K 19 2.5 0.68 1.2 6 9
Broiler Breeder
Grower
28-174 M B, C/B, K 15 2.5 0.68 1.2 7 10
Broiler Breeder 174- M B, C/B, K 15.5 2.5 0.9 0.5 7 15
Broiler pre-starter 0-7 C B, C/B, K 22 2.5 0.68 1.2 6 8
Broiler starter 0-21 C B, C/B, K 21 2.5 0.68 1.2 6 9
Broiler Grower 21-35 P B, C/B, K 20 2.5 0.68 1.2 7 9
Broiler Finisher 35- P B, C/B, K 19 2.5 0.68 1.2 7 9
* Abbr. - M, Mash feed; P, Pelleted feed; B, Bag; C/B, container bag; K, Bulk