◆ SpookStack

E 5. RENEWAL. This agreement shall renew ‘automatically on an- annual basis for ten (10) years, provided that the minimum quantity - ( "Minimum" ) specified below shall be realized. “For years two O° 2 five, the "Minimum" shall be ‘$100, 000, ,000- 00 in “gross bona-fide . Fe offers from Socialist People’ s Libyan Arab Jamahiri years six through ‘ten. the *Minimum" shall ‘be $1504 000, 000.00 for purposes of this provision the term "bona-fide offer* refers to_| any purchase orders placed with principal — from Socialist * People's Libyan Arab Jamahiriydfiny "Product", whether or not accepted by Principal. In the event, that in any year ithe, "Minimum" is not realized, Principal may cancel this agreement upon thirty (30) days written notice to Agent. 6. WAIVER. The failure of either party to enforce at any time any” of the provisions hereof shall not be construed to be a waiver of : said provisions or of the right of such party thereafter to. enforce any such provisions. : 7. ORAL MODIFICATION INEFFECTIVE.. No renewal or termination hereof or modification or waiver of any of the provisions herein contained, or any future repre- sentation, promise, or condition in connection with the subject matter hereof shall be binding upon the Principal or the Agent unless made in writing and signed or counter-signed on its be- half by the respective duly authorized agents of either party. A mere acknowledgement or acceptance of any order inconsistent with the terms of this agreement or the making of deliveries pursuant thereto, shall not be deemed an acceptance or approval I of such inconsistent provisions. 8. RESTRICTIONS ON ASSIGNMENT. _ | Principal agrees that Agent has the right to assign this contract at any time to R.L.S.. Enterprises, Inc., a Cayman Island corporation to be formed. Agent agrees to notify Page 3 of 4 Pages