billboard agreement

7/26/2019 Billboard Agreement

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BILLBOARD RENTAL AGREEMENT

This Billboard Rental Agreement (the Agreement)made and enteredinto by and between:

ARTJUANA SPECIALIZED ADVERTISING AND PRINTING,

an advertisingcompany dulycorporationorganied and e!isting under and byvirtue o" the laws o" the Republic o" the #hilippines, with main principal o$ceaddress at the

%&B Bldg' abini t', *loilo +ity, #hilippines,and representedherein represented by its Managing Director, JANE L. JAVELLANA, andhereina"ter nown and re"erred to as the ART%-A.A #/+*A0*1/2A23/RT**.4 A.2 #R*.T*.4 5

and

ACM HOMES,

a domestic corporation duly organied and e!isting under the laws o"the Republic o" the #hilippines, with a permanent principal o$ce address atthe 678 +% Building, Aguirre treet, 0egaspi 3illage, aati +ity, #hilippines,herein and duly represented herein by its Group Vice President, MA.ANGELINA B. MAGSANOC, and hereina"ter re"erred to as the CLIENT55

9 * T . / / T , That ;

WHEREAS, ARTJUANA #/+*A0*1/2 A23/RT**.4 A.2 #R*.T*.4is engaged in the business o" outdoor advertising5

WHEREAS, CLIENT is in need o" the services o


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?' ART%-A.A shall e!clusively manage and maintain theB*00B=AR2 in good display and condition at its own e!pense"or the during duration o" this Aagreementand any e!tensionthereo"'

***' CLIENTOBLIGATIONS:6' +0*/.T shall pay ARTJUANA #/+*A0*1/2 A23/RT**.4 A.2#R*.T*.4a monthly billboard rentalsin the amount o"#/=:=ne undred eventeen Thousand #esos,=.0G (#hp66H,777), #hilippine +urrency (#hp 66H,777'77), which shallbe e!clusive o" the Twelve #ercent (6?I) /;3at3alue;addedTa! (3AT)' +0*/.T shall pay "or the Drst month o" the termup! "#$ $%$&u"'! ( "#') A*+$$$!", + ! 68 arch?76@' The payment "or the remaining months shall be madeon + -$(+$ "#$ "#/01 ( $0 !"#per month55

6'6 ADVANCE: =ne (6) month advance applicable to the Drstmonth o" term52.3 #AG/.T =2/: =nor be"ore the 8thday o" each

succeeding month52.42.5

?' +0*/.T shall issue post;dated checs "or the two (?)

remaining months payment upon the e!ecution o" thiscontract Agreement dated accordingly' Bounced checs shallbe charged a penalty o" 67I o" its "ace value' Rental arrearsshall be charged 8'7I interest per month until "ully paid'

*3' PRE6TERMINATION:6' This Agreement may be terminated at anytime "or any reason

by either #party5 provided, that the #party cancellingterminating the same shall give written notice to the other#party at least thirty (>7) days prior notice to the proposedtermination date5

?' hould the billboardCs be removed pursuant to any law,ordinances, rules and regulations, or by any order o"governmental authorities, this Aagreement shall beautomatically terminated with no "urther obligations on the#parties,e!cept "or the rental already accrued,unless anotherlocation can be obtained and agreed upon by both #parties, inwhich case this Aagreement shall continue "or the remaindero" the term on the same terms and conditions hereinprovided'

3' MISCELLANEOUS:2. TA7ES AND PERMITS: ARTJUANA #/+*A0*1/2A23/RT**.4 A.2 #R*.T*.4shall obtain all permits and pay allta!es due to national and local government on account o" itsownership o" and rental income "rom the lease o" the billboard"acilities5

3. OWNERSHIP: The steel structureCs to be provided to the+0*/.Tshall be the sole property o" ARTJUANA #/+*A0*1/2A23/RT**.4 A.2 #R*.T*.4' The p#hotographic tarpaulin to beused in the billboard "acilities shall be the sole property o"

+0*/.T' -pon termination o" this Aagreement, ARTJUANA


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#/+*A0*1/2 A23/RT**.4 A.2 #R*.T*.4willshallstore the suchphotographic tarpaulin, subect to "or claiming by +0*/.T "orwithin one (6) wee "rom date written notice "rom ART%-A.A o"such removal, a"ter which the same shall be disposed o" byART%-A.A at its own discretion by ART%-A.A #/+*A0*1/2

A23/RT**.4 A.2 #R*.T*.4 5

4. 2AA4/FR// A.2 AR0/ +0A-/: Any loss, damage,inury andCor liability o" whatever nature that may be su


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By: MA. ANGELINA B. MAGSANOC By:JANEJAVELLANA

4roup 3# "or Business 2evt & +orp' areting anaging2irector

Signed in the presence:

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AC


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WITNESS M HAND AND SEAL, on the date and on the placeabove mentioned'

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#age .o' KKKKKK

Boo .o' KKKKK

eries o" ?76@

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