PlantRental Agreement
EX-10.15 16 v204332_ex10-15.htm
Plant Rental Agreement
Party A: Jianyun Xie
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. | Others |
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: Jianyun Xie | Party B: Shenzhen ORB-Fortune New Material Co., Ltd |
Representative: Jianyun Xie (Signed) | Representative: Cheng Xie (Signed) |
Date: Jan 18th, 2010 | Date: Jan 18th, 2010 |