10.15 Real Estate Lease dated June 10, 2002 between JTC Corporation and
Trio-Tech International PTE for Block ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ #▇▇-▇▇/▇▇.
JTC(L)3729/199 Temp 5 DID: 68833427
FAX: ▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇.▇▇▇.▇▇
10 June 2002
TRIO-TECH INTERNATIONAL PTE LTD
Blk ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
#▇▇-▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ BY ▇▇▇
(Attn: ▇▇ ▇▇▇▇▇ ▇▇▇)
Dear Sirs
PROPERTY TAX REBATE AND SPECIAL RENTAL PACKAGE IN RESPECT OF THE FACTORY SPACE
KNOWN AS PRIVATE ▇▇▇ ▇▇▇▇▇(▇) ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ #▇▇-▇▇ TO #▇▇-▇▇ ▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
1 We refer to our letter of offer of tenancy for the above mentioned
premises.
2 In response to the current economic condition, we will reduce, as an off
budget measure, the security deposit from 3 months to 2 months to ease cash
flow, credit lines and reduce business costs. This measure is only
available to companies on GIRO.
3 We are pleased to inform you that subject to your valid acceptance of our
offer, you will enjoy
. a 3 % property tax rebate effective from 1 Jul 2001 to 31 Dec 2002
. a 30 % reduction in the stamp duty payable effective from 13 Oct 2001
to 31 Dec 2002
4 Our Statement of Account in the Letter of Offer of tenancy has
reflected the above reduction in property tax, security deposit and
the stamp duty. Please be informed that the reduction in property tax,
security deposit and stamp duty do not vary any other terms or
stipulations in the Letter of Offer and the Memorandum of Tenancy.
5 Please contact me should you need further clarifications.
Yours faithfully
/s/: ▇▇▇ ▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇ ▇▇▇▇
MARKETING DEPARTMENT
INDUSTRIAL PARKS DEVELOPMENT GROUP
JTC CORPORATION
Attd
JTC(L)3729/199 Temp 5
DID: 68833427
10 June 2002 FAX: ▇▇▇▇▇▇▇▇
Email: ▇▇▇▇▇▇▇@▇▇▇.▇▇▇.▇▇
TRIO-TECH INTERNATIONAL PTE LTD
Blk ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
#▇▇-▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ BY ▇▇▇
(Attn: ▇▇ ▇▇▇▇▇ ▇▇▇)
Dear Sirs,
OFFER OF TENANCY FOR FLATTED FACTORY SPACE
1 We are pleased to offer a tenancy of the Premises subject to the following
covenants, terms and conditions in this letter and in the annexed
Memorandum of Tenancy ("the Offer"):
1.01 Location:
Pte ▇▇▇ ▇▇▇▇▇(▇), ▇▇▇ ▇▇▇▇ ("▇▇▇ ▇▇▇▇▇▇▇▇") ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ #02-08 to
#▇▇-▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ("the Premises")
as delineated and edged in red on the plan attached to the Offer.
1.02 Term of Tenancy:
3 years ("the Term") with effect from 16 August 2002 ("the
Commencement Date").
1.03 Tenancy Agreement:
Upon due acceptance of the Offer in accordance with clause 2 of this
letter, you shall have entered into a tenancy agreement with us ("the
Tenancy") and will be bound by the covenants, terms and conditions
thereof.
In the event of any inconsistency or conflict between any covenant,
term or condition of this letter and the Memorandum of Tenancy, the
relevant covenant, term or condition in this letter shall prevail.
1.04 Area:
Approximately 274.90 square metres (subject to survey).
1.05 Rent and Service Charge:
For Discounted Rent:
(a) Discounted rate of Dollars $12.61 per square metre per month for
so long as the Tenant shall occupy by way of tenancy an aggregate
floor area of 1000 square metres in the Building or in the
various flatted factories belonging to the Landlord, and
(b) Normal rate of Dollars $13.00 per square metre per month in the
event that the said aggregate floor area occupied is at any time
reduced to below 1000 square metre (when the discount shall be
totally withdrawn) with effect from the date of reduction in the
said aggregate floor,
("Rent") to be paid without demand and in advance without deduction on
the 1st day of each month of the year (i.e. 1st of January, February,
March, etc.). The next payment shall be made on I September 2002.
Service charge:
$2.10 per square metre per month, ("Service Charge") as charges for
services rendered by us, payable without demand on the same date and
in the same manner as the Rent, subject to our revision from time to
time.
1.06 Security Deposit/Banker's Guarantee:
You will at the time of acceptance of the Offer be required to place
with us a deposit equivalent to 3 months' Rent (at the discounted
rate) and Service Charge ("Security Deposit") as security against any
breach of the covenants, terms and conditions in the Tenancy.
The Security Deposit may be in the form of cash and/or acceptable
Banker's Guarantee in the form attached (effective from 16 June 2002
to 15 November 2005) and/or such other form of security as we may in
our absolute discretion permit or accept.
The Security Deposit must be maintained at the same sum throughout the
Term and shall be repayable to you without interest or returned to you
for cancellation, after the termination of the Term (by expiry or
otherwise) or expiry of the Banker's Guarantee, as the case may be,
subject to appropriate deductions or payment to us for damages or
other sums due under the Tenancy.
If the Rent at the discounted rate is increased to the normal rate or
Service Charge is increased or any deductions are made from the
Security Deposit, you are to immediately pay the amount of such
increase or make good the deductions so that the Security Deposit
shall at all times be equal to 3 months' Rent and Service Charge.
1.07 Mode of Payment:
[Note: You have an existing account with us from which we will deduct
the aforesaid payments. You are therefore not required to submit a
duly completed GIRO form as part of the Mode of Acceptance herein
unless you wish to have a separate GIRO account to meet the aforesaid
payments.]
1.08 Permitted Use:
(a) Subject to clause 1.12 of this letter, you shall commence full
operations within four (4) months of the Commencement Date for
the purpose of burn in services only and for no other purpose
whatsoever ("the Authorised Use").
(b) Thereafter, you shall maintain full and continuous operations and
use and occupy the whole of the Premises for the Authorised Use.
(c) Subject to clauses (a) and (b) above, you shall use and occupy at
least sixty percent (60%) of the gross floor area of the Premises
for industrial activities and ancillary stores, and use and
occupy the remaining gross floor area, if any, for offices,
neutral areas, communal facilities and such other uses as may be
approved in writing by us and the relevant governmental and
statutory authorities PROVIDED THAT you shall not use and occupy
the Premises for the purpose of commercial office and storage
unrelated to the Authorised Use.
1.09 Approvals
The Tenancy is subject to approvals being obtained from the relevant
government and statutory authorities.
1.10 Possession of Premises:
(a) Keys to the Premises will be given to you two (2) months prior to the
Commencement Date subject to due acceptance of the Offer ("Possession
Date").
(b) From the Possession Date until the Commencement Date, you shall be
deemed a licensee upon the same terms and conditions in the Tenancy.
(c) If you proceed with the Tenancy after the Commencement Date, the
licence fee payable from the Possession Date to the Commencement Date
shall be waived ("Rent-Free Period"). Should you fail to so proceed,
you shall:
(i) remove everything installed by you;
(ii) reinstate the Premises to its original state and condition; and
(iii) pay us a sum equal to the prevailing market rent payable for the
period from the Possession Date up to the date the installations
are removed and reinstatement completed to our satisfaction,
without prejudice to any other rights and remedies we may have against
you under the Tenancy or at law.
1.11 Preparation and Submission of Plans:
(a) No alteration, addition, improvement, erection, installation or
interference to or in the Premises or the fixtures and fittings
therein is permitted without Building Control Unit [BCU(JTC
Corporation)] prior written consent. Your attention is drawn to
clauses 2.10 to 2.19 and 2.34 of the Memorandum of Tenancy.
(b) You will be required to prepare and submit floor layout plans of your
factory and plans of the air-conditioning works in accordance with the
terms of the tenancy and the `Guide' attached. It is important that
you should proceed with the preparation and submission of the plans in
accordance with the procedures set out in the said `Guide'.
(c) Should there be alteration of existing automatic fire alarm and
sprinkler system installation, alteration plans shall be submitted to
Building Control Unit [BCU(JTC Corporation)] for approval on fire
safety aspects. All air-conditioning, fire alarm & sprinkler system
plans must be signed by a relevant Professional Engineer, registered
with the Professional Engineers Board of Singapore.
(d) Upon due acceptance of the Offer, a copy of the floor and elevation
plans (transparencies) will be issued to you to assist in the
preparation of the plans required herein.
(e) No work shall commence until the plans have been approved by Building
Control Unit [BCU(JTC Corporation)].
1.12 Final inspection:
You shall ensure that final inspection by us of all installations is
carried out and our approval of the same is obtained before any operations
in the Premises may be commenced.
1.13 Special Conditions:
(1) Normal (Ground & Non-ground) Floor Premises
You shall comply and ensure compliance with the following
restrictions:
(a) maximum loading capacity of the goods lifts in the Building; and
(b) maximum floor loading capacity of 15.00 kiloNewtons per square
metre of the Premises on the 2nd storey of the Building PROVIDED
THAT any such permitted load shall be evenly distributed.
We shall not be liable for any loss or damage that you may suffer from
any subsidence or cracking of the ground floor slabs and aprons of the
Building.
(2) Option for renewal of tenancy:
(a) You may within 3 months before the expiry of the Term make a
written request to us for a further term of tenancy.
(b) We may grant you a further term of tenancy of the Premises upon
mutual terms to be agreed between you and us subject to the
following'.
(i) there shall be no breach of your obligations at the time you
make your request for a further term;
(ii) our determination of revised rent, having regard to the
market rent of the Premises at the time of granting the further
term, shall be final;
(iii) we shall have absolute discretion to determine such
covenants, terms and conditions, but excluding a covenant
for renewal of tenancy-, and
(iv) there shall not be any breach of your obligations at
the expiry of the Term.
(3) Third Party Rights:
A person who is not a party to the Tenancy shall have no right
under the Contracts (Rights of Third Parties) Act (as amended or
revised from time to time) to enforce any of its covenant, term
or condition.
2. Mode of Acceptance:
The Offer shall lapse if we do not receive the following by 15 June 2002:-
. Duly signed letter of acceptance (in duplicate) of all the covenants,
terms and conditions in the Tenancy in the form enclosed at the
Appendix.
(Please date as required in the Appendix)
. Payment of the sum set out in clause 4.
. Duly completed GIRO authorization form.
3. Please note that payments made prior to your giving us the other items
listed above may be cleared by and credited by us upon receipt. However, if
the said other items are not forthcoming from you within the time
stipulated herein, the Offer shall lapse and there shall be no contract
between you and us arising hereunder. Any payments received shall then be
refunded to you without interest and you shall have no claim of whatsoever
nature against us.
4. The total amount payable is as follows:
Amount +3 % GST
Rent at $12.61 psm per month on
274.90 sqm for the period 16 August
2002 to 15 September 2002 $ 3,466.49
Less:
3% Off-budget Property Tax Rebate
(valid from 01/07/2001 to 31/12/2002) $ 103.99
----------
$ 3,362.50
Service Charge at $2.10 psm per
month on 274.90 sqm for the period 16
August 2002 to 15 September 2002 $ 577.29 $ 3,939.79 $118.19
----------
Deposit equivalent to three (3) months'
rent and service charge (or Banker's
Guarantee provided in accordance with
sub-paragraph 1.06 above) $12,131.34
Less:
Deposit equivalent to one (1) month's
rent and service (Off-budget Measure) $ 4,043.78 $ 8,087.56
----------
Stamp fee payable on Letter of
Acceptance which will be stamped by
JTC Corporation on your behalf $ 273.00
Sub-Total Payable $12,300.35 $118.19
Add: GST @ 3% $ 118.19
--- ----------
Total Payable inclusive of GST $12,418.54
==========
5. Rent-Free Period:
As the Commencement Date will not be deferred, we advise you to accept the
Offer as soon as possible and to collect the keys to the Premises on the
scheduled date in order to maximize the Rent-Free Period referred to in
clause 1.10(c) of this letter.
6. Variation to the Tenancy
This letter and the Memorandum of Tenancy constitute the full terms and
conditions governing the Offer and no terms or representation or otherwise,
whether express or implied, shall form part of the Offer other than what is
contained herein. Any variation, modification, amendment, deletion,
addition or otherwise of the covenants, terms and conditions of the Offer
shall not be enforceable unless agreed by both parties and reduced in
writing by us.
7. Car-Parking Scheme:
(a) The car park for 1311k ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ is currently managed by
P-Parking International Pte Ltd and you will have to observe and be
bound by all the rules and regulations governing the use and operation
of the car park. You are requested to contact:
P-Parking International Pte Ltd
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Contact person: Mr ▇▇▇▇▇▇▇ ▇▇▇
Tel: ▇▇▇▇▇▇▇▇
on your use of the car park.
(b) The Corporation shall not be liable for any loss, damage, injury,
liabilities, claim or action you may sustain or suffer in the use of
the car park and the tenants shall fully indemnify the Corporation
against any loss, claims, penalties, demands, damage arising from the
private management and operations of the car park by the P-Parking
International Pte Ltd.
8. Application for Approvals, Utilities etc.
Upon your acceptance of the covenants, terms and conditions of the Offer,
you are advised to proceed expeditiously as follows:
8.01 Preliminary Clearance:
Comply with the requirements of the Chief Engineer (Central Building
Plan Unit), Pollution Control Department and/or other departments
pursuant to your application/s for preliminary clearance. (Please note
that we have referred your application to the relevant department/s),
8.02 Discharge of Trade Effluence:
Complete the attached Application for Permission to Discharge Trade
Effluent into Public Sewer and return the application form direct to
the Head, Pollution Control Department, Ministry of Environment,
Environment Building, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (Telephone No.
▇▇▇▇▇▇▇▇).
8.03 Electricity:
Engage a registered electrical consultant or competent contractor to
submit three sets of electrical single-line diagrams to and in
accordance with the requirements of our Property Support Department
(PSD~, Customer Services Group, JTC East Zone Office for endorsement
before an application is made to the Power Supply Pte Ltd to open an
account for electricity connection. Please contact our Property
Support Department (PSD) at ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ #▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ direct for their requirements.
8.04 Water:
Submit four copies of sketch plans, prepared by a licensed plumber,
showing the section and layout of the plumbing, to our Building
Control Unit [BCU (JTC Corporation)] for approval prior to the issue
of a letter to Water Conservation Department, Public Utilities Board
to assist you in your application for a water sub-meter.
8.05 Telephone:
Apply direct to Singapore Telecommunications Ltd for all connections.
8.06 Automatic Fire Alarm System (incorporating Heat Detector)
Engage a registered electrical consultant/professional engineer to
submit two sets of fire alarm drawings, indicating the existing
fixtures if any, the proposed modifications of the fire alarm and the
layout of machinery, etc to and in accordance with the requirements of
our Building Control Unit [BCU (JTC Corporation)]. Please contact our
Building Control Unit [BCU (JTC Corporation)] at The JTC Summit,
One-Stop Centre (1st level) ▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
direct for further requirements.
8.07 Factory Inspectorate
Complete and return direct to Chief Inspector of Factories the
attached form, "Particulars to be submitted by occupiers or Intending
Occupiers of Factories".
Yours faithfully
/s/: Ang ▇▇▇ ▇▇▇▇
-----------------
ANG ▇▇▇ ▇▇▇▇
MARKETING DEPARTMENT
INDUSTRIAL PARKS DEVELOPMENT GROUP
JTC CORPORATION
Encl