This partnership agreement shall contain the complete terms and conditions under both

parties whose signature and agreement appear below.

This agreement made and executed this
Bulacan by and between:

day of

, 2016 in Balagtas,

LESSOR, VIRAL COLLECTION CONCEPT STORE, shall be referred to as OWNER and

TENANT/LESSEE,
, shall be referred to as BRAND PARTNER. The
LESSEE and LESSOR, for the considerations named above, agree as follows:

Brand Partner Name:

Items:
Module Type:
Rent per Month:
VAT (Deduction to total sales per week):

3%

Term of Contract:
Reservation Fee/One (1) Month Advance:
Security Deposit/Two (2) Months Deposit:
Lease to start on:
Lease to end on:

For Early Birds Only (10% Discount)

Reservation Fee/1 Month Advance:
Security Deposit/Two (2) Months Deposit:
Total Months Discounted:

5 months

Discount Valid Until:

Regular Rate Starts at:

1. TERMS AND CONDITIONS

a. The terms of the lease is for one (1) year or six (6) months, which may be
renewed upon agreement of both parties, the BRAND PARTNER shall advise
the OWNER in writing of its intention to renew the lease and proceed with the
negotiation for the renewal thereof.
b. OWNER has the right to increase rental fee upon renewal of contract.
c. If the contract is terminated before the expiration of the contract, the deposit
shall be forfeited in favour of the OWNER.
d. After expiration of this contract of lease, the BRAND PARTNER may continue to
lease the said space depending upon the part of the OWNER; the OWNER
shall have the opinion to terminate or renew this contract.
e. In the event that the BRAND PARTNER fails to vacate the premises on the night
of expiration hereof, the OWNER has the right to remove the products of the
BRAND PARTNER from the premises at the night of the expiration date of the

contract for safekeeping to make the lease premises available for a new
BRAND PARTNER. Products removed should be picked-up the next day.
f. OWNER will not be held liable for any complaints and questions regarding
integrity of the product. In the event of complaint customers will be directed
to BRAND PARTNERS and partners must directly address the issue.
g. In the event of damage or loss of items, we will conduct a verification and
investigation. We will pay in case the damage or loss is due to mishandling of
sales personnel.
h. The OWNER shall not be liable or responsible for the reimbursement of the cost
of the BRAND PARTNERS stocks nor will the OWNER be considered in breach
of this agreement in case of loss or damage to the OWNERs stocks due to
force majeure. For majeure shall include events beyond the control of
OWNER such as:
i. Acts of God (Earthquakes, explosions, floods, fire, and other natural
calamities).
ii. Acts of threats, terrorism or hostilities and the likes.
i. Damaged items upon display will be automatically removed from the
module. We will not be selling damaged items unless they will be put those
items on sale. But if by the end of the contract there are old stocks left and
unexpectedly damaged caused by the products itself (e. g. chipped/broken
bags, because of the weather or something else). OWNER shall not be liable.
j. In case of similarities of product, the OWNER shall inform and implement the
higher pricing for both brands to avoid conflict.
k. Shop is open every day unless there is a super typhoon, a special holiday or
there is a company occasion that will be announced to the BRAND
PARTNERS.
l. The Early Bird Promo is only valid for the first fifteen BRAND PARTNERS whose
term of contract is for 1 year.
i. 10% Discount on Reservation Fee/1 Month Advance.
ii. Discounted monthly rental fee of 10% every month for five months.
iii. Monthly Rental Fee will be back to regular price after five months.

2. PAYMENT
a. BRAND PARTNERS shall pay the reservation fee/1 month advance to secure
the slot. The reservation fee is non-refundable if you decided not to continue.
b. BRAND PARTNERS shall also pay an amount equivalent to the rent for two (2)
months deposit wherein the two (2) months deposit shall be applied as rent
for the last two (2) months of the contract.
c. In addition, the BRAND PARTNER shall issue nine (9) (or three (3) for those
applying for 6 months only contract) post-dated checks amounting to the
monthly rental. If post-dated checks are not available, the BRAND PARTNER
shall deposit the monthly rental payment to the BPI or BDO account of the
OWNER every end of the month.
d. In the event that BRAND PARTNER issued bounced checks or failed to pay for
two (2) consecutive months, we will remove the products from the display
module and the OWNER has the right to terminate the tenant/contract and
get the total unpaid rent at the goods of the tenant.
e. A penalty of five hundred pesos (500) shall be added on top of the monthly
rental fee for every late payment made.
i. Payments made seven (7) days after payment due date.
f. Monthly payment is inclusive of space rent flat bar, hook, wood layer, utilities
expense, sales staff, cashier, flyers/tarpaulin/advertisement/et al, storage
room, fitting rooms, paper bags/plastic bags, CCTV, security, maintenance,
air-conditioning units.

3. INGRESS & INVENTORY

a. BRAND PARTNER shall provide a tag, code, and price for each product.
b. BRAND PARTNER should restock products at least twice a month and/or as
needed either couriered or dropped off, and will continue to provide copies
of delivery reports and inventory sheets for monitoring purposes.
c. BRAND PARTNER will send a soft copy through email of their inventory sheet,
delivery report and will provide two (2) hard copies upon ingress.
d. Ingress requirements must be properly filled and completed by the BRAND
PARTNER at least one (1) day before the intended delivery date. The OWNER
has the right to reject deliver if the BRAND PARTNER does not comply with the
procedures.
e. BRAND PARTNER may pull out slow running items, with management
approval, however it does not automatically mean cancellation of contract.
f. BRAND PARTNER may introduce two (2) types of products. In this way,
shortfalls can be avoided.
i. (E. g.) Brand partner may have clothes while selling novelty items.

4. SALES & REMITTANCES

a. OWNER shall provide a weekly sales report to the BRAND PARTNER. Sales
report will be sent via email weekly. (Soon: encode in OWNERs POS)
b. A rate of three percent (3%) to the total sales every week shall be deducted
from BRAND PARTNER sales for VAT payment.
c. Brand partner shall provide a BPI or BDO account wherein OWNER shall
deposit the net sales amount every Wednesdays and Thursday.
i. Brand names that start from letters A to K will receive their net sales
deposit every Wednesday; and
ii. Brand names that start from letters L to Z will receive their net sales
deposit every Thursday.
I hereby agree to the terms and conditions stated above.

Brand Partners signature over printed name

Owners (Viral Collection Concept Store)

signature over printed name

We at VIRAL COLLECTION CONCEPT STORE are very happy to have you as a brand partner,
and we hope to establish a long term partnership with you.