Taipei Contemporary Art Centre Taiwan

The below is an agreement between the following two parties:

Sun Yuan & Peng Yu (Owners), hereafter ‘Party A’
Mr. Chen Bowen (Custodian) hereafter ‘Party B’

Concerning and defining the nature of the collaboration? “Open Sesame” (hereafter ‘the project’), created by Party A on the occasion of “Trading Futures” exhibition (dates March 3, 2012 to March 31, 2012, organized by the Taipei Contemporary Art Center, held at Taipei Contemporary Art Center, hereafter ‘the exhibition’)

Section I: Rights and Obligations
This agreement states that the following items: one pneumatic machine gun SHOEI MG-42, one sniper rifle SOCOM GEAR, and German manufactured military-grade tripod stand (see attached photos), hereafter referred to as ‘the objects’, are the sole ownership of Sun Yuan and Peng Yu. Because these items cannot be transported to China due to legal reasons, they will remain under the custody of Party B indefinitely.

1.While ‘the objects’ are under the care of Party B, Party B is obligated to display them in his home for a consecutive period totaling one year (time period to be calculated from date ‘the objects’ arrive in Party B’s possession)
2.Party B is responsible for cleaning, maintenance and repair of ‘the objects’. All? resulting costs are to be incurred by Party B. Party B is responsible for keeping ‘the objects’ in the same condition as when received.
3.During the period of custody, Party B is required to take photographs of ‘the objects’ as requested by Party A (including the first year of display period and following after)
4.Party B retains the right to display ‘the objects’ during the period of custody outlined in this contract.
5.If ‘the objects’ are returned to Party A, except Party A, Party B retains the right to borrow ‘the objects’ for display.

Section II: Contract termination
1.Under conditions whereby ‘the objects’ can be transported back to China, and Party A requests they are transported to China, Party B unconditionally accept the terms of their return and shall provide necessary arrangements for their transport.
2.Under conditions whereby Party A immigrates to another country, Party A shall reclaim full custody of the items. Party B shall unconditionally accept the terms of their return and shall provide necessary arrangements for their transport.

Section III: Dispute Resolution
All matters not covered in this Agreement or any dispute concerning the interpretation of this agreement shall be settled through negotiated agreement of both parties.

Signatures
Party A Representative：                              Party B Representative:  

_____________________                            _____________________
Date: 2012.3.4                                               Date: 2012.3.4

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