Plant Rental Agreement
Plant
Rental Agreement
Party A:
Xxxxxxx Xxx
Party B:
Shenzhen ORB-Fortune New Material Co., Ltd
Through
friendly consultations, Both Parties sign and abide this agreement about the
plant rental between Party A and Party B.
1.
|
Plant
Area, Period
|
Party A
rents a machinery plant to Party B from Feb 1st, 2010
to Jan 31st, 2011,
total area of 360 square meters. This is a one-year agreement. Absence of
exceptional circumstances after the expiration, Party B should have the priority
right to renew this agreement.
The
surrounding area of the plant is used by Party B for free. Party B is
responsible for clean up the rubbishes and debris in order to maintain a tidy
place. From the date of implementation of this agreement, Party A should remove
all items belonged to him.
2.
|
Regulations
and Administration on use of
workshop
|
2.1
|
Party
B may use the workshop as warehouse or processing plant, provided that it
comply with applicable law and the business engaged in is
legitimate.
|
2.2
|
Party
B leases the workshop in current status to Party B. In the leasing period,
Party B is responsible for the maintenance and repair of the leasing item
and also the expenses incurred
hereafter.
|
2.3
|
Party
B is forbidden to carry on reformation of the leasing house without the
prior written consent of Party A.
|
2.4
|
Party
A shall keep routine work of warehouse in order, in order to
prevent robbery, fire, moisture, and assure the sanitation inside and
outside of the workshop.
|
2.5
|
Upon
signature of this agreement, Party A shall make water and electricity
available to the door of workshop and install the water meter and
electricity meter. Inside, it shall be arranged and set by Party B based
on their need.
|
2.6
|
Both
parties agree that the line loss is paid according to the ratio of actual
electricity used by both parties.
|
2.7
|
Party
B has the right to use the Toilet in a distance of 100 m from the
workshop, which is belonged to Party A. Party B shall not build other
toilets. The expenses for water used in this regard shall be settled by
friendly negotiation between Party A and Party
B.
|
3.
|
Fee
item, standard and method
|
3.1
|
Warehouse
Toll: RMB9/per month/square meter, total fee of RMB3240/per
month.
|
3.2
|
Party
B pays warehouse deposit RMB2000 to Party A at the date of signing this
agreement
|
3.3
|
Rental
fee pays by monthly. Party B should pay the rental fee by 10th
every month. If Party B fails to pay the fee on time, Party A could deduct
the rental fee from the warehouse deposit. Once the deposit is not enough
for rental fee, Party B was considered to fail to fulfill this agreement.
Party A have the right to terminate this
agreement.
|
4.
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Others
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4.1
|
Party
A should keep Party B’s business
secrets.
|
4.2
|
Party
B should handle insurance by
themselves.
|
4.3
|
Fee
standard is reviewed and adjusted by
annually.
|
4.4
|
In
the agreement period, if party A fails to fulfill this agreement by the
impact of the government or overall plan of Meat Process Factory, Party A
should inform Party B 2 month in advance. This agreement will be
terminated until the specified date informed by Party A. Party A have the
right to handle the plant after the specified
date.
|
5.
|
In
the agreement period, both parties are entitled a disclaimer stating that,
by force majeure factors, the agreement can not be
perform.
|
6.
|
Any
other outstanding issues, both parties should negotiate and sign a
supplementary agreement. The supplementary agreement and this agreement
have same effect.
|
7.
|
This
agreement is quadruplicate. Each party have two
copies.
|
Party
A: Xxxxxxx Xxx
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Party
B: Shenzhen ORB-Fortune New Material Co., Ltd
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Representative:
Xxxxxxx Xxx (Signed)
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Representative:
Xxxxx Xxx (Signed)
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Date:
Jan 18th,
2010
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Date:
Jan 18th,
2010
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