Document:

jetneko_ex102.htm

EXHIBIT 10.2

 

  

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7jetneko_ex103.htm

EXHIBIT 10.3

 

Land and Building Lease Agreement (“Agreement”)

Article 1

The lessor, Nakano Kanri Co., Ltd (the "Lessor"), leases the following land and building (the “Property”) to the lessee, JET NEKO Co., Ltd. (the "Lessee" ), for the use of the warehouse and office.

Land:

	  	
Address

	
Category

	
Area

	
1

	
16079-70, Dogasako, Higashikaminaka, Miyazaki-shi, Miyazaki

	
land for housing

	
2,765.79m2

	
Total

	
2,765.79m2

Building:

	
Address

	
16079-70, Dogasako, Higashikaminaka, Miyazaki-shi, Miyazaki

	
Floor space

	
Office  403m2     Garage   189.3m2

	
Type

	
Office, Garage

	
Roof, Construction

	
Office: One-storied skeleton-construction covered with galvanized steel sheet

	
Garage: One-storied skeleton-construction covered with slated roof

	
Date of construction

	
November 25, 2001

	
Notes

	  

Article 2

The leasing period is one year from March 21, 2008 to March 20, 2009. If there is no offer of cancellation in writing by the Lessor within six months before the period end or by the Lessee within three months before the period end, this Agreement shall be renewed automatically for additional one year period.

Article 3

The leasing fee is 420,000 JPY per a month, consumption taxes included and the Lessee shall pay the fee for next month by the end of the month through a bank transfer to the account specified by the Lessor. Transfer charge shall be paid by the Lessee. The leasing fee for fractional month shall be prorated on a per diem basis.

 

  

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Bank

	
Miyazaki Bank   Aobacho Branch

	
Account no.

	
Ordinary account  1026847

	
Name

	
Nakano Kanri Co., Ltd

Representative Director  Yoshiko Izumi

Article 4

The Lessee shall pay 1,200,000 JPY as a deposit in security for a debt to the Lessor. This deposit shall be free of interest. If the agreement is cancelled on the Lessee’s responsibility within six months after the closing date oh this Agreement, the Lessor may not refund the deposit to the Lessee.

Article 5

The Lessee shall not transfer or lease the leasing right of the Property provided in this Agreement to others; provided, however, that this shall not apply when the Lessee offers to the Lessor in advance and the Lessor consents in writing.

Article 6

If the Property is damaged or lost on the Lessee’s responsibility, the Lessee shall restore them on his/her expenses promptly.

Article 7

In the following cases, the Lessor may cancel this Agreement immediately:

	
1)    

	
The Lessee uses the Property by different purposes from Article 1.

	
2)    

	
The leasing fee is more than two months in arrears.

	
3)    

	
The Lessee breaks other articles of this Agreement.

Article 8

The Lessor may offer to cancel this Agreement by six months written notice and the Lessee may offer to cancel by three months written notice

Article 9

In case of the price fluctuation occurred by economic conditions or other factors, the leasing fee may be revised through mutual consultation between the Lessor and the Lessee.

Article 10

In the following cases, the Lessee shall notify to the Lessor immediately and obtain his/her consent in writing:

	
1)    

	
Case of construction, wall dismantlement or other construction.

	
2)    

	
In case 1), the Lessee shall restore when this agreement shall be terminated.

 

  

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Article 11

The repairs to maintain the Property shall be paid by the Lessor. Utilities expenses and repair expenses for the damage by use shall be paid by the Lessee.

When the Lessee finds the damage to be repaired, he/she shall notify to the Lessor immediately and repair through mutual consultation between the Lessor and the Lessee even if it is on Lessee’s payment.

Article 12

The Lessor shall conduct the legal inspection of fire fighting equipment, electrical equipment and so on.

Article 13

The Lessor agrees to hang up the signboard in this land for the purpose provided in Article 1.

Article 14

The Lessor shall insure the Property against fire and he/she shall pay this insurance premium and taxes and dues for the Property.

Article 15

In the case of damage occurred by natural disaster, fire or other disaster, if there is no error by the Lessee, he/she has no responsibility for damage.

Article 16

If the Property is unusable by natural disaster or other disaster, this Agreement shall be terminated.

Article 17

When there is any matter not stipulated herein or any ambiguities arise in connection with the interpretation of any of the provisions of this Agreement, the Lessor, Lessee and the observer shall settle through mutual consultation with sincerity.

Article 18

The court with Jurisdiction to settle any disputes which may arise out of this Agreement shall be the courts of the Lessor’s place of residence.

 

  

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Additional clause

	
1.  

	
If the mortgaged property is sold by auction, the Lessee can not oppose to new owner and he/she shall consent to exemption of the leasing fee for three months and make a new contract in accordance with revision of Article 395 of the Civil Code in April, 2004.

	
2.  

	
It is necessary to consult with City Office of Miyazaki. If the consultation fails, the Lessee shall seek the next address promptly.

	
3.  

	
It is necessary to conclude an agreement to prevent the pollution with City Office of Miyazaki.

	
4.  

	
If the Lessor and Lessee consent to purchase the Property by mutual consultation, the Property shall be sold and this Agreement shall be terminated. In case of selling, timing of conclusion, price and other condition shall be consulted then.

IN WITNESS WEHREOF, this Agreement has been executed in duplicate, with the parties hereto holding one copy each.

March 21, 2008

 

	The Lessor: 	
220-3, Edawara, Yoshimura-cho, Miyazaki-shi

Nakano Kanri Co., Ltd.

Representative Director  Yoshiko Izumi

	
	The Lessee: 	
3-4-46, Nakamurahigashi, Miyazaki-shi

Jet Neko Co., Ltd.

Representative Director  Shiryu Kobashikawa

	
	Real estate agency:	
Prefectural Governor of Miyazaki (2)4263

1421-1, Kitahara, Yoshimura-cho, Miyazaki-shi,

880-0841

TEL (0985)62-0377  FAX (0985)62-0378

Yoshiken Co., Ltd.

Representative Director  Yoko Takahashi

	

 

  

4jetneko_ex104.htm

EXHIBIT 10.4

 

Basic Sales Agreement

Jet Neko Co., Ltd. ("Seller") and _______________ ("Purchaser") make and enter into this Basic Sales Agreement (the "Agreement") with respect to the selling of Seller’s products to Purchaser as follows.

Article 1:   Basic Agreement

 

	
1.  

	
Seller sells their handling products and Purchaser purchases them.

	
2.  

	
The terms and conditions which are not described in the separate agreement shall be provided by this Agreement.

Article 2:   Separate Agreement

 

Products, amount, price, conditions of delivery and other conditions shall be provided by each separate agreement and the separate agreement shall be concluded by the Purchaser’s order and Seller’s consent to it

Article 3:   Payment of Delivery Expenses

 

Seller shall deliver products and conditions of delivery shall be provided by separate agreement. Expenses for delivery shall be paid by Seller unless otherwise provided.

However, if Purchaser designates the place of delivery to the third party’s address, expenses for delivery shall be paid by Purchaser.

Article 4:   Inspection of Products

 

	
1.  

	
Purchaser shall inspect the amount of delivered products immediately and if there are losses by delay of inspection, Purchaser shall bear responsibility to pay for them to Seller.

	
2.  

	
When Purchaser finds a mistake in amount of delivered products, he/she shall notify the details of mistake. If Seller recognizes his/her mistake, it shall be settled through mutual consultation.

Article 5:   Risk-bearing

 

Risk from products which Seller sells to Purchaser shall be transferred from Seller to Purchaser when the products are delivered to Purchaser.

  

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Article 6:   Indemnity Liability

 

If the problem which arises from Seller’s defect is recognized, Seller shall bear the responsibility for indemnity liability up to invoice price as an upper limit.

However, Seller shall be exempted from indemnity liability in following cases:

 

	
1.  

	
Products are damaged or lost by fire, natural disaster, earthquake, terrorism or war.

	
2.  

	
Delivery is impossible or delayed by accident in transportation or other inevitable accident.

	
3.  

	
Products are damaged or lost by Purchaser’s intention or fault.

	
4.  

	
Products are broken down or damaged by Purchaser’s operation error.

	
5.  

	
Products are broken down or damaged by Purchaser’s operation in abnormal condition.

Article 7:   Prohibited Acts

 

Purchaser shall not reproduce, analyze and remodel the products.

If this fact is found and recognized, Seller shall stop the sales to Purchaser and may claim for damage.

Article 8:   Warranty against Defects

 

If Purchaser finds a defect within three months after delivery, he/she shall notify the details of defect immediately and Seller shall exchange them for substitute product.

Article 9:   Transfer of Ownership

 

Seller may reserve the ownership of product to him/her until completion of Purchaser’s payment. The ownership shall be transferred to Purchaser after completion of payment.

Article 10: Prohibition of Transfer

 

Purchaser shall not transfer the rights and obligations which arise from this Agreement.

 

Article 11: Payment

 

	
1.  

	
Seller shall close Purchaser’s account at the end of each month and send the invoice to Purchaser by 10th of the following month.

	
2.  

	
Purchaser shall pay amount of invoice by the end of the following month of the closing month through a bank transfer to the bank account specified by Seller. Transfer charge shall be paid by Purchaser.

 

  

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Article 12: Termination of Agreement and Acceleration

 

	
1.  

	
If the following conditions are occurred in the other party, Seller and Purchaser may terminate this Agreement immediately without notification.

	
1  

	
The payment to the other party is delayed or stopped.

	
2  

	
The bankruptcy, civil rehabilitation, corporate rehabilitation, reorganization or special liquidation is declared.

	
3  

	
Compulsory execution, auction or disposition for delinquency is executed.

	
4  

	
Business is stopped.

	
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The matter that business in this Agreement can not be continued is occurred.

	
2.  

	
If above conditions are occurred in Purchaser, Seller may stop the shipping without notice.

	
3.  

	
If above conditions are occurred, due date for payment of all the payables that Purchase shall pay to Seller comes and Seller may claim all the payment immediately.

Article 13: Confidentiality

 

Seller and Purchaser shall not disclose the confidential information which is known by mutual business, for example the products, to the other party.

Article 14: Period of Agreement and Cancellation during a period

 

The period of this Agreement is one year from closing date of this Agreement. If there is no offer of alteration or cancellation in writing by Seller or Purchaser within one month before the period end, this Agreement shall be renewed automatically for additional one year period.

Article 15: Matter for Consultation

 

When there is any matter not stipulated herein or any ambiguities arise in connection with the interpretation of any of the provisions of this Agreement, Seller and Purchaser shall settle through mutual consultation with sincerity.

Article 16: Court with Jurisdiction

 

The court with Jurisdiction to settle any disputes which may arise out of this Agreement shall be the courts of Seller’s place of residence.

 

  

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IN WITNESS WEHREOF, this Agreement has been executed in duplicate, with the parties hereto holding one copy each.

 

Date:______________

 

	 	Seller:
	 	2-3-48, Ehiranishi, Miyazaki-shi, Miyazaki
	 	Jet Neko Co., Ltd.
	 	Representative Director Shiryu Kobashikawa
	 	 
	 	 
	 	Buyer:

 

  

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