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MEMORANDUM OF AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This agreement entered into and executed this _______ day of _________________________,
20_____ at General Santos City, Philippines
By and between:
Fernan Globen S. Talonding, of legal age, Filipino, single, a freelance recording engineer at
Litanville Phase 1 Block 14 Lot 14 Barangay Sinawal, General Santos City, herein referred to
as the First Party,
And
Angely M. Baje R.N., of legal age, Filipino, single at 0222 Solinog Calamba, Misamis ,
Occidental, herein after referred to as the second party, herein after referred to as the Second
Party.
WITNESSETH
WHEREAS, Angely Baje is charged, among other things, with the responsibility of producing
the amount to purchase recording gears, needed to produce records for a home studio.
WHEREAS, Fernan Globen S. Talonding will use the recording materials to further promote
the website www.tunog.org and gain sponsors and clients for the home studio.
NOW THEREFORE, in consideration of the above premises, and their mutual covenants herein
after set forth, the Parties hereto agree, as they have agreed on the following:
1. That the First Party in the best of his knowledge and ability will produce albums and records in
his home studio financially supported by the Second Party and will operate according to the
following conditions.
a.) The First Party will be doing the technical aspect for the production.
(i)
(ii)
(iii)

The First Party will be doing the recording, mixing and mastering services for
the home studio.
He will be mainly be the one looking and booking for interested clients.
He will be taking into custody all the gears that will be provided to him by the
Second Party.

b.) The Second Party shall provide the amount of 40 thousand pesos to procure the audio
interface and the studio monitor speakers needed by the First Party for the home studio.
c.) The First and Second Party will have a 50% sharing of the total gross income for every
client booked for recording and related services.
d.) This agreement will be effective within 4 years from the day this agreement has been
signed until 4 years has passed with the following conditions:
(i)
(ii)
(iii)

The First Party is obliged to renew this agreement if the amount received by
the Second Party is not equal to the amount invested.
If the amount given by the First Party will be equal to the amount invested by
the Second Party before the 4 years has expired, the 50 percent sharing of
gross income will still continue until the 4 year agreement has been fulfilled.
If the amount invested by the Second Party has been returned via the 50
percent sharing of gross income, after 4 years, the First Party has the right to
renew this agreement or not.

e.) For every 50 percent gross income share of the Second Party, the First Party will
deposit the money to this bank account 3190148524 BDO.

2. This Memorandum of Agreement takes effect _________________ when the money has been sent
by the Second Party and received by the First Party.
IN WITNESS WHEREOF, the parties aforementioned have set their hands on the date and
place first above mentioned.
For FIRST PARTY

For SECOND PARTY

FERNAN GLOBEN S. TALONDING


Recording Engineer

ANGELY M. BAJE
Business Partner

WITNESSES:
________________________________
Printed Name and Signature

______________________________________
Printed Name and Signature

ACKNOWLEDGE MENT
REPUBLIC OF THE PHILIPPINES)
General Santos City

S.S.

BEFORE ME, a Notary Public personally appeared __________________________, Manager,


__________________ with Community Tax Certificate Number _______________________ issued
at ____________________ on _______________, 20 ____ and ______________________________,
______________________________________with
Community
Tax
Certificate
Number
_________________ issued at ________________on _________________, 20 ____ known to me
to be the same persons who have
executed the
above
MEMORANDUM OF
AGREEMENT and who acknowledged that the same is their voluntary act and deed. I
further certify that this document consists of two (2) pages, and that the parties together with
their instrumental witnesses have signed their names on every page of this document.
WITNESS my hand and seal this _____ day of _________________, 20 _____ at
____________________________, Philippines.
Doc. No. ____________
Page No._____________
Book No. ____________
Series of _____________
Notary Public
Until __________________________