Rental Agreement

According to the general lease conditions, KK CHAN HARDWARE & ENTERPRISE SDN BHD (1093405-H), hereinafter referred to as the lessor, agrees to lease to the customer / buyer / buyer, after this referred to as the equipment named and identified by the lessee in the “Equipment Terms” below, rent rate and duration are Instructions.

 

General Terms of the Equipment Rent Agreement (Lease).

The lease conditions described below constitute a contract among the parties. The contract is hereinafter referred to as the “this agreement”.

Rental costs

The lessee shall each piece of equipment designated for each piece of equipment during the rental payment of rent. “Equipment Terms”, in accordance with the proportions specified therein and in accordance with the following provisions:

(A) monthly rent does not work for any of the deductions months. The amount of rent payable for less than one month at the beginning of the month or the end of the “lease period” is the monthly rent, based on the number of calendar days in the score.

(B) daily rent at any time in non-working day shall be deducted and shall be paid for each calendar day of the month.

Rent period

The rent period should include all time spent on the transportation of the equipment, including the date when the legal delivery of the public carrier transited to the lessee and the return of the equipment. The date starts at the lessee’s transit, and ends at the lessor’s unloading point from the date of the lessee’s transit.

Security deposit

The sales price of the equipment will be used as a security deposit, and the lessee will pay the lessor to ensure that the lessee fully and faithfully fulfils all the terms, conditions and provisions of this agreement.

Lessee pay costs, assessment and taxes

Lessee shall pay all license fees, assessments and sales, use, property and excise taxes and other taxes or enforcement thereafter has to do with the use or possession of the equipment by the tenant.

MAINTENANCE AND OPERATION

Tenant shall not remove, alter, damage or obscure any number, letter or badge displayed on the equipment, and should see that the equipment is not careless, abnormal or unnecessarily rough; the lessee should maintain the equipment and its equipment accessories at their own expense under good repair and operating conditions, and in this case return the lessor, expected normal wear and tear caused by single use.

REPAIRS

All maintenance costs during the rent, including labour, materials, parts, etc. shall be paid by the lessee. The lessor shall deduct such fees from the security deposit If the deposit exceeds the security deposit, the lessor can forward the fee directly to the lessee.

OPERATORS

Unless otherwise agreed in writing, otherwise the lessee shall provide and pay for all operators of the equipment during the lease. All operators should be qualified. The lessor shall provide any operator or other equipment worker, and during the lease period shall be the lessee, and the lessee shall pay wages or salaries and all other applicable fees. The lessee shall provide and pay compensation insurance for all workers and pay all wage taxes required by law to apply to such operators and workers.

PAYMENT

Rent “equipment clause” in the each device should be one of the amount.Lease expiration, may be deducted from the security deposit.

RECALL NOTICE

The lessor may, upon written notice to the lessee and the lessee ten (10) days to recall any or all of the devices may be returned by any or all of the devices issued a similar notice to the Lessor.

RISK OF LOSS

The lessor of property, materials or equipment loss or damage does not assume any responsibility for the lessee, any person its agents, employees, suppliers or lessee directly or indirectly employed by the significant property or equipment kept by the lessor, custody, Control or under the personal control of the lessor. Encourage the tenant to get the proper equipment, the risk of loss of material or device installation insurance. The lessee and its insurer will waive all subrogation claims and the lessor shall bear such losses.

DISCLAIMER OF WARRANTIES

The lessor is neither the manufacturer nor the manufacturer of the equipment and makes no warranties, express or implied by any matter, including but not limited to the condition of the equipment, its marketability, design, capacity, performance, Materials, performance workmanship, suitable for any particular purpose, or to satisfy any law, rule, specification or contract that requires the provision of specific equipment or special methods. The lessor assumes no responsibility for loss, damage or injury to the lessee or a third party due to potential or any other defect in the equipment. As for the lessor, the lessee leased the equipment “as is”. The lessor will not be liable for any loss, delay or damage to the lessee under any circumstances due to the accidental damage of any form of features due to the defect or inefficiency of the leased equipment.

INDEMNITY

The lessee shall compensate the lessor and protect the lessor from any and all claims, lawsuits, litigation, costs, expenses, damages and liabilities, including attorneys’ fees, associated with or arising from the equipment or lease Including, but not limited to, manufacturing, selecting, delivering, leasing, leasing, controlling, owning, using, operating, maintaining, or returning equipment. The lessee should further compensate the lessor and protect the lessor from the owner’s loss and damage to the equipment during the lease. The lessee acknowledges and agrees to be included in this compensation clause, but not as a limitation, it is the lessee’s liability for any and all damages: disability and death due to operation, use or workers and other persons, controlled during the lease period , Handling or transporting equipment.

INSPECTION: CONCLUSIVE PRESUMPTIONS

The lessee shall inspect the equipment within three (3) working days after receiving the equipment. Unless the lessee shall notify the lessor in writing within the above-mentioned period and indicate any defects of the lessor or others. Right against equipment. The lessee agrees to presume that it is the lessor and the lessee. The lessee has fully checked and confirmed that the equipment is in full compliance with the terms of this agreement, is in good condition and requires repairs, and the lessee is satisfied and accepted the equipment in good condition and performed repairs. The lessor shall have the right to enter the premises occupied by the equipment at any time, shall have the right to enter free of charge, and shall provide necessary inspection facilities for this purpose.

NO SUBLETTING ASSIGNMENT

The lessee may not sublet the equipment, nor may it transfer or transfer any rights in the equipment to the agreement without the lessor’s written consent. The lessor may transfer this agreement without notice. Without prejudice to the above provisions, this agreement is binding on the interests of the heirs and binding on the heirs, the heirs and the assignees of both parties.

OWNERSHIP

The lessor should always retain ownership and ownership of the equipment. The lessee shall lease to the lessor. If a tax is levied or any liability will be imposed on any of the described equipment, please notify immediately or be threatened with seizure, and the lessee shall compensate all losses and damages caused by the lessor through such action.

EXPENSES

The lessee shall pay the lessor all costs and expenses incurred by the lessor, including legal fees, in the following circumstances. Exercise any right or remedy under this agreement, or enforce any terms, conditions or this provision.

ENTIRE AGREEMENT

This document constitutes the entire agreement between the lessor and lessee; and should not be modify, alter or change, unless the parties sign a written agreement.

TERMINATION

If the accumulated rent the tenant meets or exceeds the security deposit, the lessor shall have the right to terminate any or all items of equipment lease immediately. “Device clause” in the device will be deemed to have been sold or automatic “transfer of ownership” from the lessor to the lessee. Lessee hereby waives any and all loss of or damage to the lessor caused by such termination.