5. PRODUCTION AND PRICE
5.1. Party A, in due course, will inform Party B of the legal license for the stone quarry/grinding
business and will also inform to Party B the GPS co‐ordinates of the mining site.
5.2. Party B shall be responsible all machines and movable and immovable equipment for
producing all types of stone products, such as but not limited to, crushed stones (road‐laying),
railway track ballast, aggregate (example: as used in concrete mix), rock armour as listed in
the annex of this agreement, which can actually produce per day.
5.3. After signing this agreement, Party B agrees to take 3 (three) months for mobilizing and
installing all necessary machines and equipment on the licensed location/mining site in order
to commence the stone quarry/grinding business.
5.4. Party B agrees and confirms with Party A that Party B shall pay to Party A with the amount of
20% of the sale price per cubic meter (1m3) of stone products produced.
5.5. The parties agree to start applying the minimum amount from ……………......…….., onward. So,
Party “B” shall install spare parts of the equipment on the site.
5.6. Party A and Party B shall be allowed, at all times, to place its own staff at the mining site or
send its account staff to the mining site to monitor, verify every 05:00 PM to know the actual
produced for each day, and check the production and sales activities of Party B.
5.7. Party B promises and agrees that in every date of 10th of the following month after the
production start, Party B will pay to Party A on the actual amount after calculation.
5.8. Party A and Party B shall be responsible for sale and seeking for marketing, and keeping
inventory of all business operation of both parties as per stated in this Agreement.