MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This MEMORANDUM OF AGREEMENT (this “Agreement”) is made and entered into by and between:

ELMA CANCELA and ANTHONY CANCELA, of legal age, Filipino, single and residing at
252 NAWASA ROAD, VETERANS VILL. HOLY SPIRIT, QC herein referred to as the
OWNER;

- and -

______________________________, of legal age, Filipino, married and residing at

__________________________________________________________, hereinafter referred to as the
CONTRACTOR;

WITNESSETH; That

WHEREAS, the OWNER and CONTRACTOR desire to enter into this Agreement by which OWNER will make available
to CONTRACTOR a vehicle for use in carrying out this Agreement in accordance with the terms and conditions
hereinafter specified.

NOW, THEREFORE, in view of the foregoing premises and in consideration of the covenants hereinafter set forth, the
OWNER and CONTRACTOR hereto have agreed as follows:

1. VEHICLE IDENTIFICATION

MODEL :
CONDUCTION NO. :
ENGINE NO. :
FRAME NO. :

The OWNER will provide the CONTRACTOR with a VEHICLE particularly described as follows:

• CLEAN VEHICLE INSIDE AND OUT (WITHOUT ANY FOUL SMELL)

• DOES NOT HAVE ANY TYPE OF SCRATCH
• BRAND NEW CAR

2. DURATION OF AGREEMENT AND GARAGE

2.1 The dates for use of the VEHICLE will be from 27 May 2024 to 27 May 2025.
2.2 The CONTRACTOR can park the VEHICLE in his residence, but the OWNER will visit first to confirm.

3. RESPONSIBILITIES OF CONTRACTOR
The CONTRACTOR shall:
3.1 Operate the VEHICLE for passenger transport specified by the Grab mobile application
(“Grab”) only.
3.2 Accept trips presented by Grab to and from locations.
3.3 Drive the VEHICLE on properly constructed road surfaces in good condition or on leveled- off road
surfaces only.
3.4 Ensure the VEHICLE is not ridden by any passenger not specified by Grab and not driven by any person
other than those specified, without the permission of the OWNER.
3.5 Agree to adhere to the OWNER’s policies, rules, and practices. These may include but are not limited to
keeping the cleanliness of the car, maintaining the good smell of the car, scheduling leaves of absence,
and transport of OWNER’s family relatives.
3.6 Comply with all applicable laws relating to holding of licensure to operate the vehicle, and pertaining to
operation of motor vehicles.

4. PAYMENT BY CONTRACTOR

4.1 Required to pay the BOUNDARY of 1200PHP six (6) days a week (except the coding day). If the
CONTRACTOR failed to pay the BOUNDARY within 24 hours, the CONTRACTOR will pay the
BOUNDARY amount twice excluding the BOUNDARY for the next day.
 4.2 Additionally, the CONTRACTOR agrees to pay FIFTY PERCENT (50%) of all expenses relating to the
BATTERY and TIRES if it needs replacement before two (2) years. The usual life span of the TIRES and
BATTERY is good for a period of two (2) years. If the BATTERY and TIRES require replacement after two
(2) years, the cost will be shouldered by the OWNER.

5. COMPENSATION IN CASE OF LOSS OR DAMAGE

The CONTRACTOR receives the Vehicle in an undamaged state and shall compensate the OWNER for any loss
of, or damage to, the VEHICLE caused by or due to any willful act or fault or negligence of the CONTRACTOR,
its representative, personnel, agent, or any person acting in its behalf, or any loss or damage resulting from or
due to violation by the CONTRACTOR of any term of this Agreement.

6. LIABILITY

6.1 The OWNER and CONTRACTOR hereby understand and agree that their relationship is that of an
independent contractor and not that of a partner, agent, employee or employer.
6.2 The CONTRACTOR releases, discharges, and agrees to defend, protect, indemnify and hold the OWNER or
its partners, sponsors, and relatives harmless from any and all expenses, damages, claims, suits, losses,
actions, costs, liabilities or claims for injury, illness, death or loss of or damage to property, which may
incur with the use of aforementioned VEHICLE.

7. ENTIRE AGREEMENT

This Agreement constitutes the entire and only understanding between OWNER and CONTRACTOR and
supersedes all prior agreements, arrangements, communications, or representations, whether verbal or
written. No alteration, amendment, change, modification, or waiver to this Agreement shall be valid or
binding unless the same is in writing and signed by the duly authorized representatives
of the parties hereto.
IN WITNESS WHEREOF, the OWNER and CONTRACTOR herein affixed their signatures on this
day of 2017

OWNER CONTRACTOR

Signed in the presence of:

ACKNOWLEDGEMENT

Republic of the Philippines

CITY OF S.S.

BEFORE ME, a Notary Public, for and in the city name above, personally appeared:

ID Number and Expiry Date (if

Affiant Type of ID
applicable)
DRIVER’S ID
DRIVER’S ID

Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me
that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written. Doc. No. ;
Page No. ; Book
No. ; Series of
2017
NOTARY PUBLIC