KNOW ALL MEN BY THESE PRESENTS: This AGREEMENT made and entered into by and between: VIBAL PUBLISHING HOUSE, INC., a corporation organized and existing under Philippines laws with principal office at 1253 G. Araneta Ave. cor. Ma. Clara St., Brgy. Sto. Domingo Quezon City duly represented in this act by its Administrative Officer, Ms. Arne Queenie E. Madrilejos hereinafter called the FIRST PARTY; -and- JJS MARKETING SERVICES, with principal address at No. 79 Monserat St. Morning Breeze Subd. Caloocan City, duly represented in this act by its Proprietor, Mr. Julius J. Serrano hereinafter called the SECOND PARTY;
WITHNESSETH:
WHEREAS, the FIRST PARTY is in need of service vehicle to transport its goods, visitors and personnel in connection with its business operation; WHEREAS, the SECOND PARTY is a single proprietorship engaged in the business of transport services operation and personnel and resources to transport the goods, visitors and personnel of the FIRST PARTY. WHEREAS, based on the representations made by the SECOND PARTY, the FIRST PARTY engaged the services under certain terms and conditions.
NOW THEREFORE, for and in consideration of the foregoing premises, the PARTIES hereunto have agreed and covenanted as follows; 1. The FIRST PARTY shall engage the services of the SECOND PARTY for a period of one year (1) year starting July 18, 2013 to June 17, 2014, unless otherwise terminated by the FIRST PARTY; 2. The SECOND PARTY shall render the services and make all motor vehicles are available for the transport needs of the FIRST PARTY. The SECOND PARTY or his assigned drivers shall submit Professional Driver’s License, as well as the Certificate of Registration and current Official Receipts, NBI, Resume and Insurance Policy of all vehicle which is attached as “Annex A.” 3. The FIRST PARTY shall pay the SECOND PARTY a fixed