Functional-based joint venture

a business relationship where two or more parties share resources and

expertise to support each other’s operations.

I. Agreement engagement: Functional – based joint venture

II. Term of Tenure: Initial contract 3 months renewable
III. Initial Capital Contributions:
a. Water Ups MPC

All the initial cost for:

• Processing required certificates and licenses
• Manage and hire personnel and set up
station for the day to day operation

b. Bahandi Hauling Services

• P 1,700,000.00 for initial payment of charter

fee
• All initial cost of the vessel need.

General Purpose:

Term of Tenure:

Capital Contributions of Venture

Sharing Percentage

Return of Capital