MEMORANDUM OF AGREEMENT

Known all men by these presents:

This Memorandum of Agreement is made and entered by and between –SIA & MAK AMUSEMENT INC.,

a Company organized and existing under Philippine law, with principal place of business at Suite 210

P&S Building, 717 Aurora Boulevard, Quezon City represented herein by Mr. Raoul Sia, therein

afterwards called the “Franchisor”

-and-

Jennelyn Rose Camposanto Stone Filipino citizen of legal age with principal postal address at

No. 4 Mars St. Bricktown Subdivision, Phase 3 Moonwalk Parañaque (in behalf of a still to be

established Corporation) / a Corporation organized and existing under Philippine law with principal place

of business at

______________________________ therein afterwards called the “Franchise Applicant”.

WITNESSETH:

WHEREAS, Franchisor over a period of time and as the result of the expenditure of time, skill, effort and

money, has developed and owns a unique system (“System”), identified by the marks "BUBI

TRAMPOLINE" relating to the establishment, development and operation of Trampolines for Children to

use and play on.

Whereas, the distinguishing characteristics of the systems include, but are not limited to display,

consistency and uniformity of services and products offered, training and assistance, advertising and

promotional programs.

Whereas, FRANCHISOR identifies the system by means of certain logos and indicia of origin, including

but not limited to the trademark "BUBI TRAMPOLINE" and such other trademarks as are designated and

may hereafter be designated by FRANCHISOR in writing for use in connection with the system and

referred to as the proprietary marks.

Whereas, FRANCHISE APPLICANT desires to enter in to the business of operating one "BUBI

TRAMPOLINE" facility and wishes to obtain a franchise from FRANCHISOR for that purpose as well as to

receive the training and other assistance provided by FRANCHISOR in connection therewith.

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Whereas, FRANCHISE APPLICANT understands and acknowledges the importance of FRANCHISOR

high standards of quality and service and the necessity of operating the franchise business in conformity

with FRANCHISOR standards and specifications and warrants that he has the financial capacity and

personnel needed to operate the franchised facility.

Now therefore, the parties in consideration of the undertaking and commitment of each party to the other

set forth herein hereby agree as follows:

FRANCHISE APPLICANT will get the grant to operate a franchise in ____________________ under the

trademark “BUBI TRAMPOLINE” for a franchise agreement period of three (3) years, provided

FRANCHISE APPLICANT pays with this memorandum of agreement a non- refundable/refundable

Franchise fee *Twenty Thousand of (php 20,000.00 However, the amount of Pesos: Nine Thousand

(P9,000.00) cost for Transportation, Salary, Allowance, Miscellaneous and other incurred expenses shall

be non-refundable. The remaining Franchise Fee of (php11, 000.00) Eleven Thousand Pesos shall be

refundable in favor of the FRANCHISEE.

FRANCHISOR acknowledges herewith the receipt of the Franchise fee in the amount of (php )

in cash / check no. ___________ Bank _____________ dated ____________.

The remaining Franchise fee Pesos:___________________________(Php ) is to be paid by

FRANCHISE APPLICANT to FRANCHISOR together with the signing of the finalized franchise
agreement within _________ (___) days from the date of this memorandum of agreement. FRANCHISE
APPLICANT acknowledges the receipt of a copy of the franchise agreement for review and accepted the
content therein.

Failure of the FRANCHISE APPLICANT to sign the franchise contract and pay the franchise fee will forfeit

the *Administration Fee in favor of FRANCHISOR and the location is available for FRANCHISOR to

award to other interested parties.

Non-acceptance by FRANCHISE APPLICANT of a location available for occupancy to the FRANCHISE

APPLICANT and approved by FRANCHISOR is considered a voluntary withdrawal of the FRANCHISE

APPLICANTS interest in a “BUBI TRAMPOLINE” franchise and this agreement considered as cancelled

and the *Administration fee forfeited in favor of the FRANCHISOR.

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In witness whereof, the parties hereto have hereunto affixed their signatures on this ______ day

of _____________ 20__ in Quezon City

SIA & MAK AMUSEMENT INC.

"FRANCHISOR"

__________________________
Raoul Francisco D. Sia “FRANCHISE APPLICANT”
Signature over Printed Name Signature over Printed Name

SIGNED IN THE PRESENCE OF:

____________________________ _____________________________
Signature over Printed Name Signature over Printed Name

ACKNOWLEDGEMENT

Republic of the Philippines)

__________________) S.S.

Before me, a notary public, this day personally appeared Mr. Raoul Sia with Government ID
______________ no. ________________ issued on _________________ in ______________,
and _________________________ with Government ID ______________ no.
_________________ issued on ______________ in __________________ known to me and to
be known to be same person who signed and executed the foregoing instrument and
acknowledgement to me is their free voluntary act and deed of the companies they represent for
the uses and purposes therein set forth.

Signed and Sealed by me on _____________________________.

Notary Public

Doc. No.______________
Page No.______________
Book No. _____________
Series of 20__

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