Siquijor Road, Mindanao Ave.

Telephone 63 (32) 4122451

Cebu Business Park, Cebu Facsimile 63 (32) 2327204
City Website:
Cebu 6000 Philippines www.cebubusinesspark.com

NOTICE TO PROCEED
(Source Telecommunications, Inc - CBP Aerial FOC)

Date : November 8, 2022

Project : Cebu Business Park
Location : Perimeter Line of Cebu Business Park Only
Contractor : Source Telecommunications, Inc.

Permission is hereby granted to Source Telecommunications, Inc. while finalizing the long form Memorandum of Agreement for the
Aerial Fiber Optic Cable along the perimeter area of Cebu Business Park only;

PARTICULARS TERMS
Leased Area - Aerial FOC along perimeter area of CBP only
- P 15,000 Vat Ex per Building
Monthly Lease Rate
- 10% annual escalation
- Monthly thru issuance of (12) twelve Post Dated Checks each
Payment Terms
year
- One (1) Year; November 8, 2022 – November 8, 2023
- (shall be renewed unless otherwise there would be revision
Coverage
of the existing terms or any of both parties shall send notice
of termination 90 days before the term ends)
- Aside on the stated terms above, all other terms and
conditions shall remain the same or as stated on the existing
Other Conditions contract
- Long form contract to follow

During the entire duration of the service up to termination/expiration, the Service Provider is to abide by all the rules and regulation,
Terms of References and all other in-house policies of CBPAI.

Any violations will strictly be called-out and meted the necessary penalties including work stoppage depending on the gravity of the
violation.

Approved & Issued by: Conforme:

VAL THEODORE P. MACIAS CESAR P. VARILLA

Estate Manager Service Provider
Cebu Business Park Association Inc. Source Telecommunications, Inc.