Rental Agreement
ITO SEIKO CO.,LTD.
Address 7-38-1 Otashinmachi Yao-City. Osaka 581-0039 JAPAN
(hereinafter called as “Lender”)
ITO SEIKO (THAILAND) CO., LTD.
Address 789/147 Moo.1 Pinthong Industrial Estate. Tumbol Nongkham
Ampur Sriracha Chonburi20230
(hereinafter called “Borrower”)
This agreement is Machine which Lender owned (hereinafter called “the Present machine) Rental agreement (“hereinafter called Agreement”) contract the following.
/ Article 1 (Purpose)
Lender, to Borrower, the location of the present machine described (hereinafter called "Present location") is Installed in, it is assumed to lent to Borrower, Borrower shall borrow this.
/ Article 2 (the present machine)
The present machine specification shall be as of Attachment described.
/ Article 3 (ownership)
Ownership of The present machine is belonging to Lender
/ Article 4 (delivery)
1. Lender, in the delivery date of the Attached described, the Present machine in
the Present location, delivery to the Borrower, Borrower the check its development status and other necessary information, after confirmed borrow it.
2. Cost required for delivery of the preceding paragraph, and B of the burden.
/ Article 5 (rental fee)
1. The present machine rental fee, with described attached sheet..
2. Deadline rental fee each month end, Borrower for Lender, pay at the transfer until the end of next month to the bank account designated by Lender. Transfer fee, Borrower Pay.
/ Article 6 (late payment charge)
When Borrower fail, such as rental fees, the payment of money under this Agreement, from the day following the payment date through to the pay off, to pay late payment charge multiplied by the 14.6% year on the amount to be paid.
(For a fraction period of less than one year, by the prorated one year as 365 days)
/ Article 7 (rental period)
Rental period of this Agreement it is as described attached sheet..
/ Article 8 (performance guarantee of The present machine)
Lender for Borrower , at the time of delivery, to ensure that present machine is equipped with a normal performance. During the rental period, the customer's responsibility of Borrower or Borrower (hereinafter called as the "responsibility of A".) To the normal defect of performance caused by use that does not depend, if the present machine is not working properly, by the burden of Lender will be repaired or replaced.
/ Article 9 (management of the present machine)
1. Borrower uses care of a good administrator the Present machine that was rented from Lender, and management.
2. Borrower for the present machine, without consent beforehand of Lender, it is not to change the present location, and transferred to unauthorized third parties, must not be subjected to rental or collateral.
3. Lender usage of present machine, in order to check the management conditions, can enter the location of the present machine. However, date and time, etc. enter the in advance coordinated with the Borrower, it decides.
/ Article 10 (Maintenance)
1. Lender perform regular maintenance so that this Present machine is operating normally. However, with respect to the responsibility of the costs associated with maintenance, it will be as follows.
1) Lender of the responsibility
- Normal inspection costs
And consumables cost
2) Borrower of the responsibility
Usually cost more than the maintenance standards of
The cost by performing out of the prescribed hours
And expenses involved in the failure of this Present machine usually caused by causes other than use
2. Lender for the purpose of performed the maintenance of the previous section can enter into this Present location within a reasonable time.
/ Article 11 (failure)
Repair costs of failure that arise as a result of normal use of the Present machine is the responsibility of the Lender, deliberately, negligence, etc., if the failure occurs due to reasons attributed to the responsibility of the Borrower to the Borrower of the responsibility.
/ Article 12 (consumables)
Lender for Borrower, during the effective period of this contract, to supply the consumables required for the use of the present machine.
In addition, separately determined by the Lender and Borrower talks about the details and supply conditions of the specific consumables.
/ Article 13 (the Present machinery of compensation for damages)
1. The Present machine, natural disasters, other, by uncontrollable that can not be attributed to Lender or Borrower any responsibility, if that became loss or unusable, this Agreement be extinguished.
2. The Present machine, how to use, such as the handling of deficiencies, case where the damage on the cause attributed to the responsibility of A,A pay the rental fee commensurate with the repair cost and repair period as compensation to Lender.
3. The negligence of Borrower, if the Present machine was theft or loss, Borrower for Lender, either return the Present machines and equivalent, pay amounts equal to the fair market value.
/ Article 14 (compensation for damages)
1. Use of the Present machine by Borrower, due to the storage (except for the case due to reasons attributable to the maintenance responsibility of Lender failure such as of Lender) to third parties, human and property damage occurs If you, the responsibility of the a, promptly pay the amount equivalent to the extent of damages as compensation to the third party.
2. regardless of the previous section, if the accident which Lender is given the pre-liability insurance Lender has received the insurance money, Lender can be issued the insurance receipt amount of money as a limit to Borrower. 第15条 (禁止事項)
/ Article 15 (Prohibitions)
Borrower can not be the following actions to be written consent of Lender.
1) To the present machine, it is allowed to newly attached and equipment, parts and accessories, and also removing the ones already attached
2) Remodeling of the present machine or changing the performance and function,
3) The use of the present machine purposes other than its intended use
4) To move from Present location to the Present machine was installed originally elsewhere
5) Cancel the display and labeling of the present machine to display the owner without the consent of Lender, be or remove
/ Article 16 (Notification)
1. Borrower shall be notified in writing to Lender , merger, corporate separation, stock transfer, stock exchange, business transfer, when trying to the capital reduction other operating on significant changes.
2. shall be notified in writing to Lender, the company representatives, trade name, head office location, major shareholder, if the change in relation to other important matters related to management occurs.
/ Article 17 (processing after the end of the rental period)
1. When the rental period has ended, Borrower can select one of the following.
1) Extension of the rental period: Again discuss at Borrower & Lender.
2) The Present machine of purchase: Again discuss at Borrower & Lender.
3) Return of the Present machine to Lender
2. If you selected in the previous section 3), to the Present machine, usually does not cause the use abnormal deterioration, when there is damage due to intentional, gross negligence, Lender can claim the rent for the corresponding to Borrower. In addition, the receipt costs shall be responsibility by Borrower.
/ Article 18 (cancellation before maturity)
A is, in writing, by prior notice to B before three months or more, can be cancellation before maturity.
/ Article 19 (contract termination)
1. Lender when Borrower is corresponds to one of the items below, on top of the notification for reasons of No. 10 from this section No. 7, without the need for notification for other reasons, can be terminate this Agreement thing .
1) When received seized, provisional seizure, temporary injunction from a third party.
2) Bankruptcy proceedings, civil rehabilitation proceedings, corporate reorganization proceedings, when the allegations for commencement of special liquidation, or received these allegations.
3) When you start the procedure for the dissolution resolution.
4) When you have fallen into payment stop or insolvency, or when subjected to bankrupt disposal or trading suspension from the clearing house
5) And the like cannot contact, when the whereabouts became unknown.
6) When property condition has deteriorated significantly, or substantial reasons to be recognized reasonable and there is a possibility.
7) When Borrower fails to pay, such as rental fees.
8) When Borrower has not done the necessary maintenance and management on the Present machine, or when it is in violation of the usage that is determined by law other
9) If the Present machine is stolen, or the Present machine is loss or damage to when it becomes unusable
10) When it is in violation of any provision of this Agreement.
11) When it becomes difficult to smooth fulfillment of other this Agreement, or when the grounds of the equivalent that require such receivables conservation credit anxiety occur has occurred
2. For Borrower, if the grounds corresponding to one of the previous section occurred,
above for the reason of No. 10 from the previous section No. 7 from Lender of the notification to the Borrower, without the need for notification for other reasons , Borrower is assumed to lose the benefit of time for any of the debt to Lender, obliged to immediately repay the debt.
/ Article 20 (contract canceled, and Pick up at the time of release)
By Article 18, Article 19, if this Agreement is canceled, it has been released, Lender is assumed that immediately pick up the Present machine, costs required for pick up Borrower is burden, Borrower must be cooperate to pick up for Lender.
/ Article 20 (penalty)
Article 18, article 19, the contract cancellation, if it is released, the amount equivalent to 80% of the remaining number of months rental fee rental period, shall be paid