SERVICE AGREEMENT
This SERVICE AGREEMENT (this “Agreement”) is made and entered into as of 1st July, 2014, by and between An Phu Lacue, Limited, a corporation established under the laws of Vietnam with the place of business at 07 Bach Dang Street, Ward 7, Dalat City, Lam Dong Province, Vietnam (“APL”) and Japan Vietnam Agriculture Industry, Limited, a corporation established under the laws of Viet Nam with the place of business at Sn 95, Tk7, TT Mot Chau, Son La Province, Viet Nam (“JVRQ”). Each of APL and JVRQ is hereinafter sometimes called individually a “Party” and collectively the “Parties.”
WITNESSETH :
WHEREAS, APL’s main operation is to produce and sell vegetables and/or fruits, JVRQ is to assist APL’s operations in Viet Nam, particularly in Northern areas..
NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the Parties hereby agree as follow:
Section 1 (Services)
APL requests JVRQ to provide the following services (collectively, “Services”):
a) Assistance to the experiment APL is undertaking for growing 4 kinds of lettuce, namely Ice Berg, Green Leaf, Sunny and Romaine. The work includes;
・ Preparation of necessary materials;
・ Process control over cultivation;
・ Reporting;
・ Harvest and transportation of products to a designated place.
b) Production of baby plants for other contractual farms;
・ Seeding (seeds are provided by APL);
・ Making and supplying baby plants to other contractual farms.
c) Supervision over other farms, which would be designated in a separate paper if there are any.
d) Any services ancillary to the above.
Section 2 (Limited Authority)
JVRQ acknowledges and agrees that it has no authority to bind APL by contract, unless otherwise specifically authorized by APL in writing. JVRQ has no authority to enter into any agreement on behalf of APL.
Section 3 (Report)
JVRQ shall submit to APL a services activity report upon request by APL.
Section 4 (Compensation)
For LI’s Services, APL shall pay JVRQ the following compensation:
a) Monthly Fee:
During the term of this Agreement, APL shall pay JVRQ the monthly consulting fee according to the monthly invoice submitted by JVRQ. The consulting fee is computed on the basis of time JVRQ spent for APL during the month. The rates of labor for the computation are US$10 per hour for Japanese expertise and US$2.00 per hour for local work force.
b) Accrued Expenses:
APL shall pay the actual expenses incurred in relation to the performance of LI according to this Agreement.
Monthly fee for each calendar month shall be paid by APL by the 10th business day of the following month.
Section 5 (Costs and Expenses)
JVRQ shall send a bill for such costs and expenses by the 5th business days after the end of each calendar month for its operations during the latest preceding month. APL shall pay a consulting fee and expenses pursuant to such a bill by the 10th business day of the following month.
Section 6 (Payment)
a) All amounts payable by APL to JVRQ under this Agreement shall be paid in Vietnam Dong.
b) All amounts payable by APL to JVRQ under this Agreement shall be paid by way of telegraphic transfer to JVRQ’s designated bank account as below;
Bank Name & Branch:
Account Number:
Account Name:
All telegraphic transfer fees charged by the relevant bank in Vietnam shall be paid by APL.
Section 7 (Confidential Information)
a) "Confidential Information" means any information, provided by one Party to the other Party in whatever format pursuant to or in connection with this Agreement or which is designated in writing as confidential or which by its nature is confidential.
b) If the Confidential Information is embodied in tangible material (including without limitation, software, hardware, drawings), it shall be labeled as “Confidential” or bear a similar legend. If the Confidential Information is disclosed orally or visually, it shall be identified as such at the time of disclosure and be confirmed in a writing to the receiving party within thirty (30) days of such disclosure, referring to the place and date of oral or visual disclosure and the names of the employees of the receiving party to whom such oral or visual disclosure was made, and including therein a brief description of the Confidential Information disclosed.
c) Confidential Information shall not include (i) information which at the time of disclosure by one Party to the other is publicly known; (ii) information which after disclosure becomes publicly known other than as a result of any breach of this Agreement; (iii) information which can be shown to be known to the other Party, other than under a subsisting obligation of confidentiality or restricted use, prior to the disclosure; or (iv) information made available to the other party by a third party having a right to do so and who has not imposed on that party any subsisting obligation of confidentiality or restricted use in respect of that information.
d) A Party receiving Confidential Information undertakes not to use, disclose or make available the Confidential Information to any third party other than the person or agents whose duties justify a need-to-know, unless it has first obtained the written consent of the other Party, save as required by law or by any regulatory authority. The Parties shall ensure that their respective employees or agents are bound by and comply with this confidentiality obligation.
e) This provision survives after expiration or termination of this Agreement.
Section 8 (Term & Termination)
This Agreement shall become effective as of the date of this Agreement first above written and shall continue in full force and effect for one (1) year period.
Unless either Party expresses its termination 3 months prior to the expiration date, this Agreement shall be extended for another year.
However, this Agreement can be terminated anytime when both parties consider the role of JVRQ’s services extinguished.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on 25th May, 2015.
APL: JVRQ:
An Phu Lacue, Limited Japan Vietnam Agri Industry, Ltd.
By: By:
Takaya Hanaoka Shojiro Nahana
General Director General Director