The concession area rental fee is shown in the table below. Prices are based on the desired rental area. The following prices do not include taxes, fees and adjustment fees included. The seller agrees to retain all authorizations and licenses requested by the Ministry of Health during the duration of this concession contract. The landowner provides all the electricity and water services necessary to operate the concession level. This concession agreement between [Sender.FirstName] [Sender.LastName] (Property Owner) and [Vendor.FirstName] [Vendor.LastName] [Vendor.LastName] (Vendor) (Vendor) (Vendor) (Vendor) (Vendor) (Vendor) (Vendor) (Vendor) (Vendor) [Agreement Date] regarding ownership in [Property.Location] and is subject to the following conditions: Disputes between the concessionaire and the TAXE on value added are resolved by international arbitration, a panel is established in accordance with the rules of the concession agreement and the decision of which becomes binding for both parties. The obligations of both parties for unilateral early pre-feeding are also clearly defined in the concession agreement. The seller must purchase and maintain appropriate insurance throughout the concession agreement. Proof of insurance must be provided, which lists the owner as ”additional insurance.” The use of the following domain is granted to the seller for concession purposes: in the event of a delay or violation of the terms of the concession contract, the owner of the land reserves the right of early termination.

In the event of cancellation due to a violation or delay, the seller is responsible for the unpaid rent or fees and is subject to additional late and cancellation charges. In early 1997, Proposals for Metro Manila`s east and west concessions were submitted by four private sector bidders, all of whom were joint ventures between an international water system operator and a local company. Manila Water won the public tender for the 25-year MWSS dealership in Metro Manila`s East Zone, while Maynilad Water Services received the tender for the Western Zone. Water dispensers began operating in August 1997. PandaTip: The introduction of this model indicates the seller and owner of the land, as well as the facility in which the concession lease will take place. The specific area to be used by the creditor is defined below in the agreement. The lease agreement is limited to the permitted area listed in this concession agreement, unless the owner of the land grants written permission. The concession agreement is a production-based framework, in which the dealer is responsible for meeting service obligations and service standards as part of a service improvement plan reviewed and approved by the MwHSS Regulatory Authority, an office created by the concession agreement and intended to represent the customer`s interests. The dealer`s performance in accordance with these standards is verified every five years for the duration of the dealership, as part of a so-called rebasing exercise. Previous results will be reviewed by MWSS and future service improvement and expansion plans will be subject to review and approval.