This document is a media services agreement between YZ Broadcast Media Services Corp. and Colostrum Milkway Corp. YZ Broadcast will provide radio advertisement services for Colostrum Milkway for 6 months at a cost of 60,000 PHP. The agreement details the advertisement package, terms of payment, responsibilities of each party, and procedures for errors or cancellations. It was executed on May 24, 2020 and signed by the presidents of each company.
This document is a media services agreement between YZ Broadcast Media Services Corp. and Colostrum Milkway Corp. YZ Broadcast will provide radio advertisement services for Colostrum Milkway for 6 months at a cost of 60,000 PHP. The agreement details the advertisement package, terms of payment, responsibilities of each party, and procedures for errors or cancellations. It was executed on May 24, 2020 and signed by the presidents of each company.
This document is a media services agreement between YZ Broadcast Media Services Corp. and Colostrum Milkway Corp. YZ Broadcast will provide radio advertisement services for Colostrum Milkway for 6 months at a cost of 60,000 PHP. The agreement details the advertisement package, terms of payment, responsibilities of each party, and procedures for errors or cancellations. It was executed on May 24, 2020 and signed by the presidents of each company.
This Agreement is executed this 24 th day of May, 2020
at YZ Broadcast Media Services Head Office, 1st floor GG building, Claveria St, Zamboanga City by and between:
YZ BROADCAST MEDIA SERVICES, CORP., a
corporation duly organized and existing by virtue of the laws of the Republic of the Philippines, with principal office at Claveria St, Zamboanga City, represented by its President, Ms. AVO K. DO, and hereinafter referred to as ”COMPANY”;
-and-
COLOSTRUM MILKWAY CORP., a corporation duly
organized and existing by virtue of the laws of the Republic of the Philippines, with principal office at Guiwan, Zamboanga City, represented by its President, Ms. MANGO M. FLOAT, and hereinafter referred to as the “COLOSTRUM MILKWAY CORP.”;
WHEREAS, the COMPANY is engaged in the business of
rendering media services through diverse mediums, including but limited to the following: digital advertisements, social media advertisements, radio advertisements, integrated marketing communication services, guerrilla advertisements and other similar methods of advertising.
WHEREAS, COLOSTRUM MILKWAY CORP., is engaged in the
manufacture, sale and distribution of the first form of milk produced by the mammary glands of mammals immediately following delivery of the new born. Most species will generate colostrum just prior to giving birth. Colostrum contains antibodies to protect the new born against disease. In general, protein concentration in colostrum is substantially higher than in milk.
WHEREAS, the COMPANY agrees to provide media services in
the Philippines particularly, radio advertising services as the chosen medium by the COLOSTRUM MILKWAY CORP. WHEREAS, COLOSTRUM MILKWAY CORP., is bound with the terms as are set out throughout this Agreement and the COMPANY will provide said advertisement on said terms.
NOW, THEREFORE, in consideration of the above premises
and the agreements hereinafter set forth, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
We hereby order the broadcast of our advertisement in
YZ Broadcast Media Services Corp. in accordance with the instructions hereunder:
Package Offering: Php 10,000 / monthly
No. of Spots: Four spots / daily Ad Classification: Radio Advertisement Date of Order: May 24, 2020 Date/s of Broadcast: May 24, 2020 – October 24, 2020 Total amount due: Php 60, 000.00 TIN No.: 7-6543-2987-000
It is agreed that we shall pay the amount payable upon
the presentation of the bill of the said broadcast ad. If Colostrum Milkway Corp. does not have a prepared (canned) commercial in place that is ready to be broadcasted, YZ Broadcast Media Services Corp. can produce for us an ad at no extra cost for the first two tries before the final ad that will be played on air. In the event that we are still undecided after the two trial ads, we will pay the minimal production fee of P500.00. YZ Broadcast Media Services Corp. shall not be liable for any unintentional error or inaccuracy in the broadcast of the ad or the failure of the ad to play on the ordered date. It is agreed that the ad broadcast can be played at a different and flexible time for compensation.
YZ Broadcast Media Services Corp. hereby reserves the
right to cancel unilaterally the ad contract if (1) YZ Broadcast Media Services Corp. finds the material to be in bad taste or offensive or does not meet up to the standards set by the station, or (2) for any technical or production reason, the ad cannot be played or broadcasted on schedule. In any case, YZ Broadcast Media Services Corp.’s liability shall be limited only and exclusively to replaying or rebroadcasting the ad in another flexible time slot or schedule that is agreed upon by both the Colostrum Milkway Corp. and YZ Broadcast Media Services Corp.
Any cancellation or postponement of an ad broadcast
shall be made by the advertiser at least three (5) days before the scheduled date of broadcast or airing. If the notice is not made on the prescribed period, YZ Broadcast Media Services Corp. reserves the right not to play the submitted ad. Any complaints about an error in the broadcasted ad which is not attributable to the advertiser shall be reported to YZ Broadcast Media Services Corp. within two weeks at the latest from date of broadcast. Otherwise the advertiser shall forfeit any right to seek replaying or rebroadcasting of the ad. Any liability of YZ Broadcast Media Services Corp. for any such error shall be limited to the agreed upon rebroadcasting schedule and frequency only.
Terms of payment accepted will be cash or cheque,
50% down payment and 50% on the start of airing. Please pay to Account Name of YZ Broadcast Media Services Corp. on its BDO Acct. No.176253498765.
IN WITNESS WHEREOF, each of the Parties has
executed this Advertising Agreement:
YZ Broadcast Media Services Corp. Colostrum Milkiway Corp.
Ms. AVO K. DO Ms. MANGO M. FLOAT President President
Signed in the Presence of:
KOKO L. MONTES YOYO D. COVID
WITNESS WITNESS Republic of the Philippines) City of Zamboanga ) S.S.
x-------------------------------------x
BEFORE ME, A Notary Public for and in the above
jurisdiction, this 27th day of January, 2020 personally appeared:
Name CTC Date Issued Place Issued
Numbers AVO K. DO 777456789 May 22, 2019 Zamboanga City
MANGO M. 8977796969 May 20, 2019 Zamboanga
City FLOAT KOKO L. 7778545765 May 19, 2019 Zamboanga City MONTES YOYO D. 9875421852 May 18, 2019 Zamboanga COVID City
Known to me and to me known to be the same persons
who executed the foregoing Media Services Agreement, and which they acknowledged before me to be their free, voluntary act and deed and of the corporations herein represented.
The instrument consisting of five (5) pages including
the page on which this Acknowledgement is written, refers to a Media Services Agreement, signed by the parties and their witnesses and sealed with my notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand and
seal on the date and place first above written.
ATTY. ZANDRA ANDREA C.
GLACITA NOTARY PUBLIC Canelar, Zamboanga City IBP No.: 110011; 6/12/2020; Zamboanga City PTR No.: 111121; 4/27/2020; Zamboanga City Roll of Attorneys No.: 77777 MCLE Compliance No.: I-7777542; 08/13/2018 MCLE Compliance No.: II-1773277; 01/1/2019
Doc. No. 1: Page No. 2: Book No. 69: Series of 2020.