tS00
RENTAL AGREEMENT FOR
FISH PROCESSING FACTORY AND ASSOCIATED FACILITIES
This agreement is made between -
SRL Marine Products Limited, SRG Bhaban, lchanagar, Karnaphuli, Chattogram,
Bangladesh, being represented by its Group Head of Administration & Corporate Affairs,
hereinafter called the SRL MPL or FIRST PARTY or the RENTER. and
Blue Asian Foods Limited, Rangs Bhaban, Level 2, 117/A, Old Airport Road, Tejgaon, Dhaka,
being represented by its Chairperson Romana Rouf Chowdhury, hereinafter called the BAFL
or SECOND PARTY or the RENTEE.
Whereas the RENTER has agreed to rent out Fish Processing Factory and associated Facilities
(hereinafter called ás "fish processing facilities" or simply "facilities") as detailed below in
SECTION 1of this agreement, located in the SRG Building and in the premises located at
lchanaga, Karnaphuli , Chattogram, Bangladesh and the RENTEE has agreed to take on
renting the said fish processing facilities for processing fish and other relevant value added
products in accordance with the terms and conditions detailed in SECTION 3.
SRL MPL will ensure supply of all the required utilities, i.e., grid electricity, generator electricity,
UVtreated RO water, Iron Removal Plant treated underground water to the facilities mentioned
in SECTION 1at the rate mentioned in SECTION 2, as per the terms &conditions detailed in
SECTION 3.
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b98
SECTION 1: Rent of Facilities
Item Description
Fish Processing Factory 10,775
Building including Machine sft
Room, Laboratory,
Packaging Material Storage,
Uniform Washing, Drying,
and Ironing Room, and Child
Care Room, all complete
with the supply arrangement
of all the required utilities,
I.e., grid electricity,
UV generator electricity,
treated RO water, Iron
Removal Plant treated
underground water, along
with all applicable licenses
and permissions, in as it is
condition. Supporting
common facilities, as per
clause 3 of SECTION 3, are
included in the rent
Effluent Treatment Plant for
Fish Processing Factory
Cold Storage (SRL MPL to
ensure - 18 degCor below
always)
Unit /
Quantity
Office, fully furnished
includ1ngair conditioning
and furnture
100 ton
per day
capacity
100 ton
Maximum
1,200 sft
Total Rent Unit Rent
in BDT in BDT
20.00 per 215,500.00
sft
45,000.00
per month
for 100 ton
capacity
120.00
per ton per
day
25.00 per
45,000.00
per month
Monthly.
based on
actual use
30,000.00
per month
Comments
Operation
maintenance costs after
handover will be borne
by BAFL. SRL MPL will
cooperate hand to
over/use its applicable
licenses / permission
certificates to BAFL to
run fish processing and
value ádding operations
&
maintenance cost on
SRL MPL account
Operation
maintenance costs after
handover will be
BAFL account
Operation &
Operation &
&
on
maintenance cost after
handover by BAFL
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Operation
per month
SECTION 2: Rate of Utilities
Grid electricity -
Peak
Item
Grid electricity - Off
Peak
Electricity from
standby Diesel
Generator
UV Treated RO
Water
Iron Removal Plant
Treated
underground water
Unit /
Quantity
KWH
KWH
KWH
Ton
ton
Unit Bill
per Month
17.00
13.00
37.00
650.00
200.00
SECTION 3: Terms & Conditions
Total Bill
in BDT
Monthly,
based on
actual use
Monthly,
based on
actual use
Monthly,
based on
actual use
Monthly,
based on
actual use
Monthly,
based on
actual use
Comments
Operation & maintenance
coston SRL MPL
Operation & maintenance
Cost on SRL MPL
Operation & maintenance
cost on SRL MPL
Operation & maintenance
Cost on SRL MPL
Operation&maintenance
cost on SRL MPL
1. This rental agreement is dated and signed on 16h February 2025 and will be effective
from 1st March 2025 and will remain in force until both parties void this agreement in
writing. Both parties will have the right individually to void this agreement giving three
months prior notice (in written) to the other party. If the agreement is terminated,
SECONDPARTY will have to vacate the facilities before the end date.
2. The rent of the facilities and bill of the utilities as per SECTION 1 and SECTION 2
respectively will remain unchanged for two years from the start date, i.e., until 28h
February2027, unless both, parties mutually renew the rates. After two years, the rates
willbe applicable at 15%, oras agreed in writing, higher than the last agreed rates for
another two years and the same pattern will be continued till the validity of this
agreement. The rates are inclusive of al VAT & Taxes as per Government rules and
regulations.
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3. Common facilities that are not mentioned in this agreement, but which are required to
run the operations of BAFL, e.g., access roads, staircase/lift to access uniform washing
& drying room /laboratory /child room / packaging room /office, main drainage of the
premises, doctor's room, and so on, are included in the rents and utility bills mentioned
in SECTION 1 and SECTION 2. Operation and maintenance of these supporting
facilities will be on SRL MPL account tOo.
4. All the rents and utility bills will be billed by SRL MPL to BAFL for one month period in
the next month and BAFL will pay all the rents and bills for any month within 15th day of
the next month. If BAFL fails to pay the monthly rents and utility bills for three
consecutive months, this agreement will become void automatically, accruing an
additional three months' rent and SRL MPL will have the right to liquidate BAFL assets
torecover the outstandingdues.
5. As BAFL will use the facilities and utilities, full safety, security, and compliance should
be solely on BAFL account. The second party shall follow / control all business activities
including fire extinguishing system as aprecaution against any negligence of the factory
or any accidental event during the rental agreement, whose responsibility shall not be
passed on to the first party in any case.
6. BAFL shall not conduct any illegal activities/business/environmentally harmful activities
in the rented facilities and take permissions or renew licenses or permissions required
to use the facilities to run its business at BAFL's own cost and responsibility. SRL MPL
will cooperate by providing information or applying for any licenses or permissions to
run the business.
7. Both parties can mutually amend the agreement.
8. Operation & maintenance of all the arrangements for supplying utilities to the facilities
being rented is the on SRL MPL account. If there is any disruption of the said services
or utilities being rented by the SECOND PARTY, FIRST PARTY shall take immediate
action to rectify the same.
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9. Operation & maintenance of the facilities are on the BAFL account after handover. In
addition to the routine maintenance of the rented facilities if there is any damage
happened through the us e of BAFL operations, BAFL will rectify the same at its own
Cost or make sufficient compensation to SRL MPL for the same.
10. The FIRST PARTY shall not be liable for any business obligations, including but not
limited to banking or institutional liabilities, of the SECOND PARTY and vice versa.
11. The FIRST PARTY shall be free to travel I inspect the factory, maintaining
safety/hygiene protocol as set by the SECOND PARTY.
12. The SECOND PARTY shall not refrain from paying the monthly rent by showing fear
of business loss or any kind of excuse.
13. All financial transactions need to be made through bank accounts, and al| formal
correspondence should be made through electronic mail as per the following:
SRL MPL: rana@searesourcesgroup.com
BAFL: roufromana@gmail.com
This agreement is composed of 2 (two) original copies. One copy of the original agreement
shallbe kept by the FIRST PARTY and the other copy shall be kept by the SECOND PARTY,
We have read and understood all the terms and conditions of this rental agreement and signed
it in the presence of the following witnesses, voluntarily, consciously, in good health, and
without any inducement on 16th February 2025.
Signature of the FIRST PARTY
2
Narne &Signature of the witngsses:
Siynature of thè sEÇoND PARTY
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