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Mt,R"\1,{ (Tlt,^'lLAND) CO., l,'l'D, a conrpany incorporated under the la\vs ofThailard Q)mpauios Act
and having its Oljice at 3068 N,lu 10, Sukhumvit 107 Road.. Sarnongnua. N,luangsaDrulprakanr.
S,unulprekam, 10270. wcbsilc: httpsr//wBw,murrtec.nct/ through its NlanaSing l)irector. Mr- Futoshi
l\liyamoto- Contact No.'BI-(0)75-200-2892, Fl-nail: 'firlosh i. rn il anr oto(rlnrel. muratec co.ip (Hcrcinaftcr
refencd to as the "MTC" which terr or expression as here nder used shali inciudc ils succcssors and
assigns) ofthc paa-ll.
'lhe NIBD a d dre rV lC are rlso hcrc;rrfier rcl-cncd to indi\ idualll is l'a.ty andjoirtl! as Pafties'
WIII,REAS
a) Thc N{lC is in thc trusi ess ofproliding hc Teclinical supports (Rcpainng, lnslalling. llandling etc.)
to their Irtended CustorneIs and possible customer in relation to their business supporl.
b) The MTC has approached lvfBD to prcvide the Technical suppoN (Repairing- Inst ling. H dlir.q
etc.) itnd the MBD has shown its willingness to tale dre sarlre.
ij) The Parties hcrcto arc dcsilous ofente.ing irto this .\greemcnt that sets out the tcrns and condrtions
-[q1 or which the
n.
(Md. Shohel Rana)
Asht d ofe.ld lA.drtr'l Sdnrol
&iqirdHh rtrEhllll o.n{tdEt tdut@{
Pritu riiih/i tnid
N,lT(i shall prolide tic SLr'\,iccs to lhc \4BD
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AGREI]MENT FOR TECHNICAL ASSISTANCE
TIIIS AGREIMENT FOR TE{'HNICAL ASSISI',{NCE ("Agreement") is n:adc on J",A.ptil. 2018
b.v and bctween:
NluRAlA MAClltNltRY RANGLADESH LTD. a company established under thc la,'{s of Bangladesh
Conrpmies Act-1994 (Reg No: C-1360092017 and BIDA Reg. No: F-7,121 Lli0,l006-H) ald heving
its Oihcc a1t'aradisc fo$cr'(5'r'lloor), Plol -4 I l. Road # 02, Sector * 03 I ittala Dhalia-1130. Ba gladcsh
and its General l\,lanager- Mr. Kh. Salahuddin Ahmcd. tl)lltacl No. Ul7ll5:18.147. Emaill
salahuddil@muratcc-bd.com (Hqci[rlicr lcJbrrcd to as the "MBD" \r'hich tenn or expressi()n as hcrcunder
used shall ioclude its successors ard assigns) ofthe pafi- A.
Page I of 9
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NOW THEREFORE, in consderation ofthe rnutual covenarts set forth below, it is agreed as follows:
1. DEFINI'IIONS
"Agreemcnt'' shall mean this Sen'ices Agreement aod any wrilten modifications fhereto by an
instroment of equal force.
"Appmvrh" shall mean BIDA and Bangladesh Bank permissions, consents, validations,
conflmations and other authorirzatrons as lnay be required to bc obtained irl order to implement
the provisions of this Agreement including atl permissionvauthorizatiors liom Bangladesh
lfank.
"Dry" shall mean a working day and shall exclude weekly holidays (Friday and Saturday) and
holidays decldred by thc Govemme t ofBangladesh 6nay or by my other statutory autll(rrrty.
b)
c)
d) "Effective Dat€" shall mear the date ofexccution ofthis Agreenlett as provided heroi above.
"scrvices" shall rnean tic services, more spccifically provided to ir! Anrexure 'A' to this
Agreement to be rcndered by the MTC to lhe MBD in lerms her€oll
0 "Force Majeure" shall mean and include, to the extent that the evelt is not withh the
rcasonable control of the Party whose performatce under this Agreement is affected ah€reby,
SJ.Oqf*W of'thc follo*ing ovents such as war. t$ronsm, hostilities, acls of the public memy or of
-X.*ll,/1tA"F.ttig"rcnts, saborage, biockage, revotution, insurrection, riot or disorder; expropdation,
\.|:i$'.--ryfrt.rffirisition- confiscation or nationalization: act of God/ nature; acts of covemment or any local,
*:Xto".:,'*'* srate authority. fire, &ost, earthquake, slorm, ,ightnirg. or any other event, wheihe. or nol ofthe
*.-c ' same class or krnd as thosc above set out anal whether or not caus€d alireotly or indirectly by the
act ofthe non-affecled parry.
s) "Person" shall mean and irolude any legal or natural person parmership, finn, trust, liaison
ofEce, govenrment or local authority, department or ot}er body (whether incolporated or
u incorporated).
h) "Confidentirl lnformation" means informatior that: (a) is by its nature confidentiali {b) ali the
inlbrnatior pmvided by MBD to ihe MTC related to its business whether financi al. technical or
p€rsonnel rclated;
"(q",tel-G-< t4 Tqq' Page 2 of 9
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,// ln and for the purpose ofthis Agcement, the singular includes the piuul and vic€_versa al any reference/
to ono geoder includes the other gerder.
2, PROVISION OI' StrR\']CES
2.1. The MTC shall rcnder all Services as provided in Annexure 'A' under the Agreemcrlt, in ihe
manner provided herein below through its or\.rl enployees, or agents, or third parties iud MBD
shall not be liable to make any ,uriurgement for the provisions of Services except to the extent
necessary for compliance ofany applicable law, in Bangladesh or elsewherc.
22. MtsD shalt be entitled to alt the benefits and profits aising from or incidentiil to ihe. Services
provided by tfte MI C under this Agreemcnt-
3. 1- 'l he MTC will be responsiblo for provision ollhc Scrvices in dn eflicient and effeoti\ e nlanrre.
3.2. The MTC shall issue invoices to Mtsl) as per the Services mcntiored ir Annexure 'A'.
3.3. Ihe Services hereunder do not and shall not ircludc at any time a[-v manageial set"', ices
3.4. -the IVITC shall be enlilted during all times to e ter irto al1 agreement with
pmlisions ofthe same or similar sen ices as the Scrvices.
4.1. The MBD may provide all information an(Vor docunents as may be required or requested [,y the
MTC in order to provide the Services.
ons oflhis Asreement.
any third parly for the
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3. RESPONSIBII,ITIESIRICHTS OI,'THE MTC
4.2. The NIBD may provide access to all relevatrt t€chnical, installation, Repairing and handling Jobs
/information and material as may be rcquited or requested by the MfC for providing the Senices
in accordanc€ with the temis ofthis Agreement.
4.3. 'lhe MBD shall make limely and regular payment towards the Technical Assrstance fee for the
Senices to the MTC in accordanc€ with the
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5, PAYMINTS
5.1. Palmert Schednle:
The payment for the Services shall be made by MBD against the invoicos Iaised by the MTC lor
the Services reDdercd after MBD has confimred the Ssrvices ,re completed. MBD shall make the
paym€nt against the invoic€ withir thirry (30) days of the receipt of each iNoice, by way of a
crossed cheque or bank transfer.
5.2 The fee of the invoices should b€ followed by the Ann's Lergth Principle and Transfer Pdciog
Rules.
5.3. All payments made by MBD pursuant to thrs Agreement shall be net of applicable Bargladeih
ta\es anal other taxes' if any le!'ied on that pqment shall be reimbursed by MBD at actual, except
the corporate income tax payable by the MTC- VAT, if apptcable on the Sewices, shall be paid
extra by MBD.
5.4. Invotved Badk Det ils:
- Remitt [ce Sending Bank Primc BaIk Limited, Grl$an Branch, Account No
2118117003652, Account Namer MURATA IVIACHINERY BANCLADESH LTD.
- Remitaance Rec€iving Bankr Bad( ol Ayudhya Public Company Limited, Bangkok Ofiice
Branch. Account No. 2100039764. Sl ift Cule: BOTK'I"HBX
5.5. MBD shall rcimburse all reasonable expeases incurred by the MTC in the course ofreldenng the
Services Aom trme to time subject to the MBD'S p.ior wntten consmt Each submission of
exp€nses for reimbursement (i) sha be supported by an itemized dessiptio[ of expenses clained
and attached rcceipts when such receipts ale reasotrabty available and (ii) will be de€med to contain
rhe MTC'S certification that all expeoses submitted m€ based upon actual costs mcurred -l L t
.Pt-".*
(Mct. shYhei Rana)
6- AIPROVALS r$iud L,adc i&skD.1 s.d* u,e,,a.r n"*- q,..r1#,ara t*orl
c.timii d !r P'p.l.t epulc dBqttih
6.1. The Agreemed is conditional upon the Parties obtainiDg dl reqursite Covefiment Approvals, il any
required by each ofthenr.
6.2. Each ofthe Pa.ties shall
reasonable time.
for and oblain the necessxry approvals within a
(/ t
at their expcns€
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6.3. ln fhe e\'m1 ofeither ofthe Parties lailing to obtarn ihe necessary approvals as above mentioned- the
Agresment shali be deemed to be cancellcd or modilied as may be appropriate in thc clr.umstcnces.
7. CONFIDf,NTIALITY
Each Party agrees that it shall maintain the confidentiality of the Confldential lnformalio
hcluding all data relating to flIlancial. techrfcal. lnstallation, Repairing, productron and handling
with respect to thlj olhff Party and its operatio s and shall not be entitled to any omership or any
other right ofthe othel Pafty's confidential and propriefary infonnation Each Party fu(hcr agrecs
that it shall not disolose or communicate any ofthe information to any competitor or third parly or
usc or refer to any ofthis infomation for any purp{Jse whatsoever otier than as requircd in lerms of
this Agreement.
8. REPRISENTATIONS AIID WARRANTTf, S
8.1. Each Party represents and warrants to the other Parly thatl
i. Each Party is duly incorpomled and validly existing entity in accordance with thc laws
ofthe country where it is ;ncorporated-
'Ihe Parties dre authorized to enter irto and perloon this Agreement. and this Ag.eenrent
whe execuled, will be duly audrorized. executed dnd delivered dnd will sonstitute its
valid aod binding obligalions, mforceable in accordance wilh tie t(jrms herein except
insolar as the enforceability 'nay be limited by general principl€s ofequity.
The execution and delivery ofthis ,4.gremrenl arrd the consu matiol ofthe trflBactions
contemplatd herein do not and will nol (a) contravene its articles, bylaws, or othcr
constitutional documents; (b) contravene any material provisior of any rnaterial
indenturg alreement or instrurnent to which it is a p3rty or by which it or any of its
prope(ies is bound; (c) conflict witll result in a bre&h ol constitute (with notice or the
lapse of time or both) a default under, or permt the temrinatjon or acceleration ofary
obligation under any such indenture. ag.eement, or instrumentt (d) contravene any
applicable law, rde, regulation, ruling. order, judgrnent or decree.
(Md. Shohel Rana)
rslbuil 018b. {Adri,r S.{rd.lt
There are no actions, suits, claims, proceodings or investigations pending or to its
knowledgq threalened against it in any court or beforc or by any governnreDtal
authority, agorcy, or irstrumer ality or any arbitration ilr which there is a reasonable
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possibility of an decision that could, whether individually or in the aggregate,
materialty and adversely affect its abili, to perfom its obligatioos under this
Agr€ernerf.
10. FORCE MAJETIR-Ii
10.1. The perfonnance of either ParD, shall rot be deemed to har.e been affected, if iho sarnc is
suspended on account of a l'orce \4aJeurc e\ ent.
10.2. On the occurrence of a Force Majeure event, any Parry claiming a cause or'an e\€nt of Force
Majetre shall promptly as soon as possible afler the cause or event and in any case within fifteen
(15) Days, notit the odrer Party in ",riting and provide tull particulars ofthe carse or event of
Force Majeure and the date of frst occurmc€ thereo{ aDd also keep the other Pmry informed of
any further developrnants. T}e Party al]bcted by the Forc€ Majeure shall $se all reasonable effofis
to remove the caus€ or event ofForce Majeure or mitigate its effects and both Parties shall resulre
performarce hereunder immediately wher such cause or event is renroved.
10.3. Ifsucb cause or evenl ol'Force Majeure ff its efI€cts shall coftinue for a period ofthirty (30) drys
in circum-staDccs where the rendering of Services is materially and adversely affected eitler
operationally or financially and the Parties me unable by agreement to avoid such cause event or
effects, this Agreement shall teflninate on expiry of such thirty (30) days.
10.4. However, it is hereby agreed by the Parties thal paymetrt ofthe fee or other expenses as due and
payable by MBD to the MTC in terms of ihis Agreement shall not be affected by any Force
Majeure elent.
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Page 6 of 9
9, VALIDTTY AND 'I'f,RMNATION
Thjs Agre€meDt is valid for two (2) years elTecnve fiom 1"r April. 2018 to 3l March. 2020. Holvcver.
this Agreement can be teminated at any time by either party by giving thirty (30) days pflor writtcr
noticc. On the completion ofthc term, and in casc ofno written termhalion notice by MBD to MTC,
the a!treement shall automaticaily be renewcd for the next I yea, 10 3l Nlarch, 2021 ard will continue
to do so till a wriften notice for termination is suhnitted by either ofthe party
I1. GOVf,RNNG T,AW
This Agreement shall be go\.emed by and consfiued in accordance with the laws ofBangladesh.
t
{Md. sh ohel Rana )
t5gins hBbfi tiihs,iii
l2.,4RBITRATION
12.1. Ifary dispute or diflerence of any kind whatsoever shall arise b€tween rhe Parties m cooneclron
with or adsing out ofthis Agrcement (and whether beibre or after the termination or breach ofthis
Agreement) Parties shall promptly ard in good faith negotiate with a view to its arnioable
resolution a d setlement
12.2. ln thc event no amicable rcsolution or settlommt is rcached $,ithin a period of sixty (60) days
from the date on which the dispute or difference arose, $rch dispute or difference shall be finally
settled by arbitration in To(ao, in accoldance wilh the Commercial Arbitration Rules of l-he Japan
Commercial Arbitratiorr Associrrion
12.3. The exist€nce of any dispute or difference or the initiation or continuance ol the arbitration
proceedings shall not postpone or delay the perfotmance by the Parties of their respecli\.e
obligations pursuant to this Agreement
13.2. In no event shall ary Paa] be tiable to the other for consequential, special. incidental or punitive
Ioss, damage or expercc (including without limitation, lost profits, oppo.tonity costs, ctc.) arising
out ofor in pursuance to this Agleemmt except in the evert of a, intentional act or the gross
negligmce of any Parly. Howe\,er, in the case of either Party comDits an intcnlional aot or the
gross rellligence. the othor Part). shall be able to claim damages within a scope not ro excccd the
upper limit of3 dmes ofthe consideration.
T4. MISCELLANEOUS
14-1- The Parties shall Itot have and will not represelrt ihernselves as haviag ttrry a horit], to act as the
agent ofihe other or to c.eale aiy conrractual obl lo any third party on tlehalfofthe other
Page 7 of 9
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13. LL{BILITY OF TlIf, PARTIES
13.1. The MTC sha[ perfonn the Sen iccs entirely at its owII cost and expenses and MBD shall not be
obliged to pay the fe€ or rei:nburse any expenses ir excess ofthe amount as provided in Annexure
A. However, MBD shatl be liabl€ to pay fff the actual costs incurred by the MTC for tmvcl and
other expenses, which shall be billed s€parately by the MTC. h such case, the \'lTC shall get the
prior approval ftorn MBD.
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14.2. Earh Peny hereby a8re€s that it shr.ll not be enttled to assign any rights and obligations under
this Agreemel to ary thtd paty without ihe pnor appmval oflhe other Parry'
14.3. This Agree ent evidences the eoti.e Agreemont betlveen the Pafties and it overrides ary earlier
agreement or other document recording the undostanding, or commitments ofbeh{een the Parties
prior to the execution hereol
14.4. lfally provision ofthe A8l€ement shall be decLmed irlvalid or ulenfixceable the rernainder ofthe
Agreement shall contilue in Inll force and eflect.
14.5. This Agreement cannot b€ ohanged, modified or amerrded €xc€Pt by a supplementaty agr€ement
signed b) bo$ Parnes
r5 Tf,"RMINATION OF AGREIMENT
15.I The Agreernent may be terminateal prior to its expiration by either party, by writtm notice to the
other, in ihe evett of
i) The dissolution, or lr'inding up- merging or ac4uisition by the other pdrry*;
ii) The filtug ofthe pctition by or a8ainst the other party ilitiating proceedings in a banLruptcy or
reorganization, tlle appointment ofa r€c€iver over the whole or any part ofthe assets of such other
party or any action by such olher patty to take advantage of any insolvellcy or other law for relief
ofdebtors geflerally;
iii) The breach by either party ir any material resp€ct ofany ofthe tenns ofthis Agreernent, which
breach has nol be€n cured within fourtee[ (14) days ofthe giving to such parry ofwritten ootice of
such breach by ihe other Parry.
l5-2 Neither expiration, tennination or cancollation of this Agre€ment shall reloas€ either party from
any liability which at such time has already accrued to the other party, or in any way affect the
sunival ofany dght, duty or obligation of either party which is contemplated to be perfonned as of
the date of or alicr such expiration. tmnination or canc€llation, each part) shall immediately
porfonn alrd futfill all the outstanding momentriy obligatiotrs under this Agreomotl
darnages
(Md. Shohel Ranat
At.ilbd fiGl. t{.i.tlrt S.r,!a;
t,'9*l6ilfr''iFtDirtrE.i.nAdqirfr DA
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Page 8 of 9
15.3 l'ennindtion ofthis Agre€ment shall not preclude either palty fiom seekjng any rernody proYidcd
b! this ,{gresmeflt or by law, including wi$out Iimitation any claim for actual or liquidated
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L IN \!ITNESS W}II]Rf,OF
hereinabove wriltcn.
MTC hereto have execrted this Alireement o lhl) day ,xld )'ear fi rst
MIIRATA (TfiAILAND) CO., LTD MUR{TA MACIIINf,RY BANGLADESH
LTD
at(a4(t6t(
N uddin Ahmed.
Titler Getreral Manager ofthe MBD
Conlact No. 0171 15384,17.
Email : salahuddin@mulatec-bd.coln
Date: 0i April.2018
elpu/uff
Nane: Futoshi Miyamoto
Title: Maiaging Dir€ctor of the MTC
Contact No'81-(0)75-200-2892,
E-mail: lirtoshi mryamotoa@rnei muratec coJp
Datc: 0l Aprit, 2018
ana)
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tr MBD shall pay teclurical assistance/support /rnanagement fee to MTC in the oiune of
"Technical Assislatce Fee" against the ix\.oice for the senices reoeived fronr MTC lbr
Technical Assistance & supports (ReDairing, Instalting, Handling etr.) to their lntended
Customeri and possible customer in r€lation lo their business Support. Nct pa),ment for this
concern shall be decided as per Bangladesh Bank, ITO-1984. Guideline for outward remrttance
repatriatior lbr payment of royal\, rechnical knowledge./re.hnical knor,,,-ho*, fee (s). lechrical
assistance fee (s) dnd lianchise fee (s)- 2020 and ary othcr concemed authorities and lalvs oI
Baflgladcsh
Note-l: Rcmifta.ce arnount i.ill be 6% ofAmudl Sales ofsen.ice period (As per Seotion_25, Crupter_l0 of
Bangladesh Bank "Foreign llxcha,ge GuideJine, Volume-l (as of :il N{ay. 2009).,) & (iuideline fbr ourward
remittaDcc repatriation for payment ofroyalty. tcchnical knowlcdge/technical know-how lcc (s). technical
x5sr:rance l'cc r\r ajrd tialrchise lee (sr- 202U
Technical Assisbrncc F ee
Technical ard \,lan aiternent Fee
Note-2: i\4TC will be allowed to issue invoice after the complction of senioe period
Pagc 9 of 9
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Service Contents
Remarks