Fintel (USA) Limited
EXHIBIT 10.15
Xxxxxx (USA) Limited
000 Xxx Xxxx Xxxxx
00 Xxxxxxxxx Xxxx Xxxxxxx, Xxxx Xxxx
| Sancon Resources Recovery, Inc. | 20 July, 2016 |
| 000 Xxx Xxxx Xxxxx | |
| 00 Xxxxxxxxx Xxxx Xxxxxxx | |
| Xxxx Xxxx |
Dear Sir,
Further our discussion on the service to be provided to Sancon Resources Recovery, Inc. by Xxxxxx (USA) Limited, we are pleased to outline below the terms and conditions:
Service:
| 1. | Provision of business office in Hong Kong; |
| 2. | Preparation of quarterly and annual financial statements; |
| 3. | Keeping of accounting and company records; |
| 4. | Verifying and processing of payment of expenses; |
| 5. | Preparation of the required quarterly and annual filings; |
| 6. | Coordination with the auditor on audit and review of financial statements and filings; |
| 7. | Coordination with filing agent on matters relating to filing of required reports and forms; |
| 8. | Coordination with stock transfer agent on issuance and transfer of shares; |
| 9. | Communication with legal advisors; |
| 10. | Communication with Nevada company registration agent; |
Fee:
Our service fee for the above shall be US$2,050 per month payable quarterly in advance. Please note that this fee assumes that Sancon Resources Recovery, Inc.’s business operation remains at the present state. If Sancon Resources Recovery, Inc. acquires other business and assets or embark on other business expansions, the fee will be revised to reflect the additional work load, if any.
Commencement:
The commencement date of the service shall be 10 July, 2016.
Annual expenses:
For your reference, we provide below the annual expenses of Sancon Resources Recovery, Inc. based on 2015 figures with allowance on possible increases. Since we will be processing payment of the expenses, we expect that funding will be provided to us every 3 months in advance.
Termination:
Each party can terminate this service agreement by giving the other 90 days’ notice in writing.
If the above correctly outlines our agreement on the matter, please confirm by signing at the space provided below and return to us a copy of this agreement with your check for US$11,250 (HK$87,246 at today’s mid-exchange rate of 7.7552) being the service fee and budgeted expenses for the coming three months. We thank you for giving us the opportunity to be of service.
| 1 |
| For and on behalf of | Agreed and confirmed by |
| Xxxxxx (USA) Limited | Sancon Resources Recovery, Inc. |
| /s/ Xxxxxxx Xxxx | /s/ XXX Xxxx Yeap | ||
| Authorized Signatures | Authorized Signatures |
| Domain Extremes Inc - Budget | ||||
| Description | Amount (US$) | |||
| Nevada Filing, Registered Agent Service & Business Licence Fee | 1,000.00 | |||
| Annual Audit & Quarterly Review Fee | 14,300.00 | |||
| SEC Filing Fee | 4,600.00 | |||
| Transfer Agent Service Fee | 500.00 | |||
| Staff Service Fee | 24,600.00 | |||
| Total: | 45,000.00 | |||
| 2 |
