Read the Sale and Purchase Agreement (SPA) and answer the following questions below:

1. If you were the buyer, would you sign the SPA or change some parts?
2. If you were the seller, would you sign the SPA or change some parts?
3. Is a special form required for this SPA?
4. What would happen in case of breach of SPA? What are the remedies for the non-breaching party?
5. Would you change the wording of the penalty? If not, why? If yes, how would you rephrase it and why?
6. Will the CISG apply to this SPA? If yes, why? If not, which law will apply?
7. How can the parties make sure they are doing the deal with the right person?
8. Who is the owner of Nitrile Grove? Why?

SALES AND PURCHASE AGREEMENT OF NITRILE GROVE Party A/Seller: Watchman Production Co. Ltd. A/C No. 843-218791-3 296/185 Moo 2 Hang Jorn Sansai Chiangmai 50210 Thailand Company Register No. 0505559010869 Party 3/ Buyer: Europe Invest S.r.o., registered ofce at Kremnicka 24, 851 01 Bratislava, Slovakia, company ID no: 35918179, represented by Antonio Parziale In accordance with relevant laws and regulations, Party A and Party B reached an agreement on the purchase of NITRILE GROVE from Party A by Party B on a voluntary, equal and friendly consultation basis. Both parties agree to sign this contract and fulfill their responsibilities as defined by this agreement. This sales and purchase agreement is irrevocable unless it is otherwise dened in this contract; any party to break this agreement will result in penalty as dened within this agreement. This agreement has two copies; party A and party B, each hold one copy. This agreement takes effect on the date it is signed by both parties. Product being purchased is defined as: NITRILE GROVE to be delivered to buyer warehouse on seller expenses and duty pay by buyer. All NITRILE GROVE are packed in proper carton boxes that are designed for long distance shipping to ensure that the gloves are well protected during the transportation and arrive at the Buyers destination safely. Total quantity for the contract : 20,000,000 boxes Payment deadline: Total amount for 20,000,000 boxes. 5 124,000,000 USD Upon signature of both parties to this agreement, the Buyer will pay 100% of 20,000,000 boxes for $ 6.20 USD (S 124,000.000 USD) FOB SPAiN. "IMMEDIATE PAYMENT AFTER INSPECTION", The goods can be collected as soon as the payment is recived on the seller's account. C U / 1 PROCEDURES After 20,000,000 of Spot A and B they will make new agreements on delivery times and the destination for the rest of the goods. From time to time, the buyer will provide proof of funds for each load before departure also for 20,000,000 boxes of the spot. Will pay 100% of the goods before shipping after $65 inspection. At the moment in which one of the two between A and B will fail this contract, he will pay the 2% penalty on 20 million pieces, this to guarantee both in the execution of the contract. APPROVALS] BANK INFORMATION Party A/Seller: Watchman Production Co. Ltd. A/C No. 843218791-3 296/185 Moo 2 Hang Jom Sansai Chiangmai 50210 Thailand Company Register No. 0505559010869 a, Signature-em Dateimne 01,2020 Party 3/ Buyer: Europe Invest s.r.o., registered office at Kremnick 24, 851 01 Bratislava, Slovakia, company ID no: 35918179, Signature+ Dateilune 01.2020