MEMORANDUM OF AGREEMENT

This Memorandum of Agreement is made and entered into this 27th day of October 2022, at
La Trinidad,Benguet, Philippines, between:

THE PARTIES:

CAPSTONE MANAGEMENT AND REALTY CORP., an entity duly organized and

existing under the laws of the Philippines    with office at ABC Bldg. Palmaville, Puguis, La
Trinidad, Benguet, herein represented by its CEO/President, AURELIO T. YABAN,
hereinafter referred to as the “ FIRST PARTY”,
and

JOEL A. ALANGSAB, Filipino, of legal age, and presently residing

at____________________________________________________________, hereinafter
referred to as the “ SECOND PARTY”,
 
The parties hereby bind themselves to undertake a Memorandum of Agreement under the following terms
and conditions:
WHEREAS, the “FIRST PARTY” is engaged in business of leasing and sub-leasing of real properties to
conduct trade fairs/ trade exhibition or trade exposition;
WHEREAS, the PARTNERSHIP together with “SECOND PARTY” agreed to provide a financial  
(NAME OF RESTAURANT, herein referred
to as the “Project”. Both parties hereby agreed to enter into this
Agreement for the purpose of (SPECIFY THE PURPOSE)
RESPONSIBILITIES
(INSERT PARTIES RESPONSIBLITIES IN THE PARTNERSHIP)
TERMS AND CONDITIONS
(INSERT NAME OF INVESTOR) has acknowledged to invest for the
“Project”. Such investment shall be governed by the following terms
and conditions
 
I.       ON THE PART OF FIRST PARTY
 
1. To accept the goods during schedule of delivery (Mondays and Thursdays);
2. To pay the delivered goods within 7 days from the date of delivery;
3. To implement a penalty of 5% daily interest rate on the overdue billing/s;
4. Will be responsible on the disposal/sell of the said goods to their existing clients;
 

II.    ON THE PART OF SECOND PARTY

 
1. To deliver a minimum of 20 case (240 trays) of assorted sizes of eggs during
Mondays and Thursdays (total of 40 case or 480 trays within a week) ;
2. To ensure the quality/freshness of eggs and the weighing must be within the DTI
standards;
 3. To implement a penalty equivalent to first party’s losses on failure to provide the
minimum order per week and/or continues non-delivery of eggs without prior notice;
4. Not to engage or directly deliver its egg to FIRST PARTY’s client not unless it is
properly endorsed or with consent.
 
III.   TERM OF THE ARRANGEMENT
This AGREEMENT effectively starts on October 12, 2022 up to October 12, 2023
unless it is earlier terminated or renewed upon mutual agreement of the parties.

OTHER PROVISIONS

Any amendment to this Agreement can be initiated by either party and shall form part
of this Agreement upon mutual consent.
Any violation of the provisions of this Memorandum of Agreement by one of the
parties shall be sufficient ground for its termination.
Both parties shall settle amicably any dispute arising out of this agreement. If any
such dispute or disagreement be not settled amicably, the matter shall be brought before the
court.

IN WITNESS WHEREOF, the Parties have hereunto signed this agreement on the day and
year stated on the first page of this two-page document.

        

BY: BY:

JENVER E. KIMBUNGAN                    LINDA B. SAPALIT

First party                                 Second party

 
 
W I T N E S S E S:
 

JENNIFER SILOY                   ____________________