MEMORANDUM OF AGREEMENT:

NAME OF STABLISHMENT : RAUGHN’S KTV & RESTO BAR

ADSRESS: SA1 3LEAST BLDG. A18 MC ARTHUR HI WAY BRIX 078 STREET 1 CALOOCAN CITY.

SUBJECT: PROFIT SHARING BASED ON PERCENTAGE

*WE AGREE BOTH PARTIES FOR 1 MONTH NET SALES STARTING SEPT.5 2021 TO OCT 5 2021

LESS EXPENSES WILL BE SPEND FOR RENOVATION.

* WE AGREE BOTH PARTIES 50% SHARE TO MR.RODEN A.FRIALDE TOTAL NET INCOME LESS D

EXPENSES.

* WE AGREE BOTH PARTIES 30% SHARE TO MR.LEONARDO G. MONTEVERDE TOTAL NET INCOME LESS
EXPENSE.

*WE AGREE BOTH PARTIES 20% SHARE TO MR.JONAS MARIANO

*ANY CHANGES IN ALL OPERATION, RENOVATION & BUDJET WILL BE DISCUSS ACCORDINGLY BOTH PARTIES .

*ANY LOSSES FROM WHOLE OPERATION WILL BE DEDUCTED FROM PREVIOUS SALES

*WE AGREE BOTH PARTIES THAT EACH PARTY NOT ALLOWED TO BUILD SAME CONCEPT OF BUSINESS
WITHOUT APPROVAL EACH PARTIES WILL BE PENALIZE P200,000 (TWO HUNDRED THOUSAND PESOS )IN
CASH EACH PARTIES.

*THE TIME HAS COME TO SELL THIS ESTABLISHMENT EACH PARTIES HAS A SHARE 20% EACH TO
MR.LEONARDO G.MONTEVERDE & 20% TO MR. JONAS MARIANO LESS WHOLE ACCOUNTABILITIES SUCH AS
PRESENT RENT, WATER BILL & MERALCO BILL SALARY FOR THE EMPLOYEE.

* ANY MAJOR RENOVATION WILL DISCUSS BOTH PARTIES SUCH AS BUDJET FOR CONSTRUCTION.

*EACH PARTIES CANNOT SELL HIS EACH RIGHTS.

*PROFIT SHARING WILL GIVEN EVERY WEEK,15 DAYS OR MONTHKY DEPENDS ITS SALES PER MONTH

JOB DESCRIPTION EACH PARTIES:

1. MR.LEONARDO G MONTERVERDE

*SECURITY MEASURE & PROTECTION SUCH AS WEEKLY OR MONTHLY PAYOLA FROM OTHER

AGENCIES

*HIRING GRO & STAFF

*BUDJET & SALARY ALL STAFF

2. JONAS MARIANO

*OIC. (OFFICER INCHARGE)

3. RODEN A.FRIALDE

*RENEVATION & REPAIRS

1. MR.RODEN A.FRIALDE 2. MR.LEONARDO 3.MR.JONAS MARIANO