EQUIPMENT LEASING

TERMS AND CONDITIONS SCOPE OF SERVICE AGREEMENT

NO. 20220502-70

CLIENT PROJECTENGAGE INC.

CONTACT PERSON Ms. Kristine Castro

TEL.NO. 09667081947

TERM OF PAYMENT 30 Days

AGREEMENT TERM 3 Months

DELIVERY DATE May 02, 2022

RETURN DATE August 02, 2022

SERVICE DETAILS SERVICE TYPE Leasing

LAPTOP MODEL DELL LATITUDE 3510 SPECS Intel Core i5- 10th / 16GB DDR4 / 256GB SSD / Integrated
Graphics / 15. 6 Inch / Windows 10 Pro / Ms Office 365

SERIAL NUMBER SERVICE/REPAIR CHARGE TOTAL NO UNITS TO BE RENTED FOUR (4) UNITS

This Agreement made and executed this 7th day of May 2022 at San Juan City by and between: UNITECH
IT SOLUTIONS CORP. a company duly organized and existing under and by virtue of the laws of the
Philippines with registered business address at Unit 2A A&L Bldg. #126 N Domingo St. Pedro Cruz., San
Juan City, represented herein by its Treasurer, Mr. Seunggi Min, herein after referred to as the
COMPANY.

- AND –

PROJECTENGAGE INC. a company/ corporation duly organized and existing under and by virtue of the
laws of the Philippines with registered business address at #39 Lydia Building Polaris St., Bel-Air Makati,
represented herein by its, HR and Admin Head, Ms. Kristine Castro hereinafter referred to as the
CUSTOMER;

WITNESSETH THAT WHEREAS, the COMPANY is engaged in the business of leasing Equipment to its
customers.

WHEREAS, the CUSTOMER has expressed its interest in leasing Equipment from the COMPANY.

WHEREAS, the COMPANY has agreed to lease the Equipment, and/or related tools and accessories to
the CUSTOMER and that the latter accept the same subject to the terms and conditions of this
Agreement.
NOW, THEREFORE, in consideration of the foregoing premises and the covenants hereunder provided,
the parties agreed as follows;

1. DEFENITION OF TERMS.

1.1. “COMPANY” – meansUNITECH IT SOLUTION CORP. whose registered office is at Unit 2A A&L Bldg.
#126 N Domingo St. Pedro Cruz., San Juan City;

1.2. "CUSTOMER" - means the legal entity with whom the Contract is made by the COMPANY;

1.3. “AGREEMENT” – means the entirety of the terms and condition for the rental/lease of Equipment
stipulated hereof which the COMPANY and CUSTOMER has entered into; 1.4. "Equipment" - means the
hardware, software, manuals, documentation, accessories, or articles or any of them (including any
replacements or renewals thereof, additions thereto and substitutions thereof) provided by the
COMPANY to CUSTOMER for the purpose of lease as listed in the ANNEX A hereof; 1.5. “Rental/Lease” -
means the temporary use of CUSTOMER for the Equipment and/or related tools and accessories
provided by the COMPANY in exchange for a monthly fee and for duration as provided by the
COMPANY. 1.6. “Maintenance” - means the servicing by the COMPANY for defective and/or
malfunctioning Equipment and/or related tools and accessories issued by the COMPANY. 1.7. "Customer
Premises" - means the office location where the CUSTOMER shall utilize the leased/rented Equipment
provided by the COMPANY. 1.8. “Delivery Date” - means the date that the Equipment is delivered to the
CUSTOMER’s Premises. 1.9. "Return Date" - means the date specified in the Contract as the date for the
return of the Equipment to the COMPANY or such other date as the parties may hereafter agree; 1.10.
"Rental Period" - means the period commencing on the Delivery Date and expiring on the Return Date.
1.11. “ANNEX” - means the ANNEXES attached and included to this agreement.

2. SCOPE OF SERVICES 2.1. Equipment Delivery and Provisioning. 2.1.1. COMPANY shall provide and
deliver the total amount of Equipment to the CUSTOMER’s premise, in good and working condition and
with correct parts and specifications as requested and agreed by the CUSTOMER with details stipulated
in ANNEX A of this Agreement. 2.1.2. The Equipment shall be delivered by the COMPANY on the agreed
Delivery Date to the CUSTOMER’s Premises. The CUSTOMER is responsible for preparing Gate
Pass/Clearance in advance to its building or office administrator to ensure no delay in delivery schedule.
2.1.3. The COMPANY shall assist on the deployment and set-up of the leased Equipment to the
CUSTOMER’s premises. 2.2. Equipment Maintenance & Warranty 2.2.1. Maintenance Term – COMPANY
shall provide support and maintenance on all deployed Equipment and/parts during the duration of this
Agreement. 2.2.2. Maintenance & Warranty Scope - The COMPANY shall repair or replace all defective
Equipment and/or parts, to ensure that the same shall remain in good working condition throughout the
duration of this Agreement. All expenses shall be borne by the COMPANY except if the Equipment is lost
or stolen and/or incur damages due to accidents, acts of God, or by any other cause than the normal
usage of the Equipment or any damage to the Equipment resulting from any action(s) taken by a third-
party maintenance provider while the said Equipment is within CUSTOMER’s care/premises. 2.2.3.
Reporting – The CUSTOMER shall immediately report/notify the COMPANY for any malfunction/defect
of the Equipment issued by the COMPANY. Upon the receipt of report, the COMPANY shall immediately
deploy maintenance personnel within 24 hours (except Sunday) to conduct maintenance procedure on
the reported defective Equipment. 2.2.4. Maintenance Inspection & Procedure - The COMPANY
personnel shall have the sole responsibility to inspect and repair the defective Equipment. If repair is not
possible within 24 hours, the COMPANY shall immediately replace the defective Equipment and re-
deploy it to CUSTOMER’s premises. 2.2.5. The COMPANY shall take all reasonable precaution to ensure
safe working procedures and conditions while working in CUSTOMER’s premises and will keep
CUSTOMER’s site neat and free from debris. 2.2.6. The CUSTOMER shall not permit in any way the repair
of the Equipment by any third party, unless otherwise with a written consent by the COMPANY. In case
the CUSTOMER hired a service of the Third party, resulting to the damages of the

Equipment, The CUSTOMER shall be liable for all the expenses relating to such repair. 3. RENTAL
PAYMENT & SCHEDULE 3.1. Monthly Fee - Upon the execution of this Agreement, Customer agrees to
pay the corresponding monthly rental fee for the leased Equipment as stipulated below: ITEM MONTH
LY FEE PER UNIT NO. OF UNITS TOTAL MONTHLY FEE VAT (12%) MAINT ENANC E FEE GRAND TOTAL Dell
Latitude 3510 Intel Core i5-10th 16GB DDR4 / 256GB SSD / Win 10 Pro / Ms Office 365 PHP 4,170 4 Units
PHP 16,680 PHP 2,001.60 FREE PHP 18,681.60 (VAT INCLUSIVE) Grand Total is inclusive of VAT and
Maintenance Service 3.2. Schedule of Payments – Start of billable date shall commence after the
delivery of the Equipment to the CUSTOMER’s premises. The billable date shall define the monthly
billing cut-off to which the billing/invoice shall be sent to the CUSTOMER via electronic mail every
month, due for payment. 3.2.1. The COMPANY shall send a monthly billing/invoice to the CUSTOMER 7
days before the due date. 3.2.2. CUSTOMER is given seven (7) working days upon the receipt of the
billing/invoice to settle the payment via cash, dated check or PDC at the COMPANY’s office or bank
deposit to COMPANY’s official bank account: BANK Metrobank ACCOUNT NAME UNITECH IT SOLUTIONS
CORP. ACCOUNT NO. 063-3-06317416-6 After the deposit, CUSTOMER must send a copy of validated
deposit slip to the COMPANY to verify and acknowledge the payment made by the CUSTOMER. 3.2.3. In
the event that the CUSTOMER failed to pay the rental payment within the required period, the
CUSTOMER agrees to pay the late penalty charges of Two percent (2%) of the total monthly fee per day.
4. SECURITY DEPOSIT Upon the execution of this Agreement, the CUSTOMER is required to pay Security
Deposit which shall act as a guarantee for all the Equipment deployed by the COMPANY at the
CUSTOMER’s premises.

4.1. The Security Deposit shall be equivalent to TWO (2) months of the total monthly fee, less VAT of the
leased Equipment. TOTAL MONTHLY FEE REQUIRED SECURITY DP SECURITY DP AMOUNT PHP 18,681.60
2 Months PHP 33,360 4.2. Upon the expiration of this Agreement and the return of the Equipment to
the COMPANY, and that the Equipment was all returned in good condition the same way it was
delivered, except the ordinary wear and tear from the use of the Equipment, and that all other liabilities
due for payment, if there’s any, are settled by the CUSTOMER, the COMPANY shall return the total
amount of the Security Deposit to the CUSTOMER within seven (7) working days by Cash or Check. 4.3.
Should the CUSTOMER have unsettled liabilities such as but not limited to; unpaid monthly fee,
Equipment damages, loss or penalties that the CUSTOMER fails or refuse to settle, the COMPANY shall
automatically deduct the total amount due to CUSTOMER from its Security Deposit and shall return the
remaining amount, if there’s any, to the CUSTOMER within the same schedule and process stipulated in
4.2. 4.4. If the amount of CUSTOMER liabilities exceeds the amount of the Security Deposit, the
CUSTOMER, in full compliance, without the need of notice or demand letter, shall settle the remainder
of the amount to the COMPANY within Seven (7) working days. 5. CUSTOMER RESPONSIBILITIES &
LIABILITIES The CUSTOMER, during the duration of this Agreement and while the leased Equipment are
at the CUSTOMER’s premises, shall be held full responsible for the utilization and management of the
said Equipment. The CUSTOMER shall exercise highest standards in implementing the rules, procedure
and policies in handling and operating the said Equipment in accordance with the terms and condition of
this Agreement. 5.1. The CUSTOMER, at all-times shall never do or use the leased Equipment for the
following reasons: a) Upgrade or change parts; b) Install unlicensed software’s or software’s with
potential viruses; c) Reformat or change hardware/bios settings; d) Use for the commission of any crime,
or for any unlawful or unethical activities; e) Transfer the Equipment to a different location without the
prior written consent from the COMPANY; f) Be used by anyone who has given the COMPANY a false
name, age, address, or other information; g) Be used in a dangerous and reckless manner. h) Store and
operate in unsafe and dangerous location. i) Loss or damage (intentional or not intentional) the client is
in charge to pay the total cost of the Equipment worth (PHP 39,000) j) Sell the Equipment to any third
party. k) Allow to repair the leased Equipment by any third party. l) Dismantle the Equipment without
permission from the COMPANY.

m) Forward false reports of malfunction or exaggerate the actual malfunction of the item. 5.2. The
CUSTOMER shall ensure the safe return of all Equipment in same condition it was received (except for
ordinary wear and tear) in an orderly manner to the COMPANY by the end of this Agreement as defined
in the Section 8.1 hereof (Return Date). 5.3. The CUSTOMER shall reimburse the totally of the amount to
COMPANY, upon demand, for any damage, loss, confiscation or total destruction of the leased
Equipment due to actions of violating any provisions under section 5.1 hereof, or any action which is
considered irresponsible and/or gross negligence, while the said Equipment is in the CUSTOMER’S
possession/premises unless the cause was proven to be Equipment natural defect and/or malfunction.
6. TERM & TERMINATION 6.1. This Agreement shall have a term of Three (3) months starting on May 02,
2022 and shall end on August 02, 2022 and shall automatically renew on the succeeding month unless
either party has sent termination notice. 6.2. Termination This Agreement may be terminated in whole
or in part upon Seven (7) days advance written notice by COMPANY or CUSTOMER prior to the
termination date. In the event of termination, ownership of the Equipment shall remain with the
COMPANY and only its authorized representative can recover or collect the said Equipment. 6.2.1. Pre-
Termination by Company The COMPANY, without incurring any liability and without foregoing any of its
rights or obligation due to it, may terminate this Agreement by written notice to the Customer for any of
the following reasons a) The CUSTOMER is more than Fifteen (15) days late in making any payment due
to COMPANY; b) The CUSTOMER violates any of the terms and conditions of this Agreement. c) The
CUSTOMER makes an assignment for the benefit of its creditors, is or becomes insolvent, or is placed
into receivership. 6.2.2. Pre-Termination by CUSTOMER 6.2.2.1. The CUSTOMER may terminate this
Agreement by written notice to COMPANY prior to the delivery of the Equipment. In such case, the
CUSTOMER agrees that the COMPANY shall not be required to refund any down payment or security
deposit paid by the CUSTOMER. 6.2.2.2. The CUSTOMER may terminate this Agreement after the
effective date and delivery of the Equipment by written notice subject to the provisions of section 6.2.3
hereof (Pre-Termination Fee). Upon termination, the

COMPANY shall collect all deployed Equipment in CUSTOMER premises along with other CUSTOMER
liabilities due for payment. 6.2.2.3. The Equipment shall be returned complete with all the items such as
Dell Laptop, Mouse, Laptop charger, and Laptop Bag that were initially provided by the COMPANY. The
CUSTOMER will be billed for any missing items. 6.2.3. Pre-Termination Fee 6.2.3.1 In the event of Pre-
Termination during the term of this Agreement and while the Equipment are currently deployed at the
CUSTOMER’s premises, the CUSTOMER shall pay the amount equivalent to the remaining monthly
rental, exclusive of other CUSTOMER liabilities due for payment, if there’s any, as a penalty/fine
payment for all damages incurred by the COMPANY: a) Pre-Termination by CUSTOMER without
justifiable reason under this Agreement; b) Pre-Termination by COMPANY in violation of section 3, 5 and
in accordance with section 6.2.1 hereof. 7. EQUIPMENT OWNERSHIP The Equipment shall remain the
property of the COMPANY at all times, and shall be returned to the COMPANY by the end of term of this
Agreement. Nothing in this Agreement shall constitute any right for the CUSTOMER to sell, lend,
refurbish, swap, change, or claim ownership to all Equipment deployed and lend by the COMPANY to
the CUSTOMER. 8. EQUIPMENT RETURN 8.1. Return Date - shall be the date to which all deployed
Equipment in CUSTOMER premises shall be collected by the COMPANY’s authorize representative. The
Return Date shall be same with the End of Term of this Agreement dated on 8.2. Return of Equipment -
All Equipment is delivered by the COMPANY in good operating condition. During this Agreement, the
CUSTOMER is responsible for the condition of all Equipment and shall ensure to return the said
Equipment in the same condition it was received (except for ordinary wear and tear) in an orderly
manner to the COMPANY by the end of this Agreement as defined in the Section 8.1 hereof (Return
Date). 8.3. Should the CUSTOMER fail or refuse to return the Equipment on the agreed Return Date
during the end of this Agreement or in the event of Pre-Termination, the COMPANY shall bill the
CUSTOMER accordingly on a per daily basis, including penalty for not returning the Equipment in time,
for every day the CUSTOMER holds the Equipment in its premises until such Equipment is successfully
collected and returned to COMPANY.

Rental/Lease Fee per Day w/ Penalty RENTAL FEE/DAY PENALTY – 2% VAT - 12% TOTAL/DAY PHP 4,170
PHP 83.40 PHP 510.40 PHP 4,763.80 9. MOVEMENT OF EQUIPMENT It is agreed by both parties that
most of the Equipment will only be utilize at the CUSTOMER business address and will allow the
deployment of equipment to work from home premises. Furthermore, the expenses required thereof
shall be shouldered by the CUSTOMER itself and an advance notice to the COMPANY for change of
business location is required. shouldered by the CUSTOMER itself. The CUSTOMER must notify the
COMPANY in advance of change of business location. 10. INDEMNIFICATION Each party (the “First
Party”) shall indemnify the other party (the “Second party”) for any loss, cost, liability incurred by the
Second Party in connection with or arising out of the performance or non-performance of the First Party
of any of its obligations under this Agreement, caused wholly or partly by the First Party’s negligence or
omission. 11. FORCE MAJURE Neither party shall be liable for any failure or delay in performance to the
extent that performance of its obligations or attempts to cure any breach are delayed or prevented by
reason of any act of God, fire, natural disaster, calamities, labor strikes and lockouts, civil strife or any
similar occurrences beyond the reasonable control of the party unable to perform its obligations ("Force
Majeure"). In the event of such a Force Majeure, the party unable to perform shall give the other party
written notice within three (3) days of the occurrence of Force Majeure. In addition, the time for
performance or cure shall be extended for a period equal to the duration of the Force Majeure. 12.
CONFIDENTIALITY Both parties shall forever keep in strict confidence of all information about its
business, plans, policies, systems and procedures which it may obtain or come to its attention by virtue
of its relationship with the other Party, except those for public consumption or otherwise made public
by the COMPANY or CUSTOMER itself. 13. NON-PARTNERSHIP Nothing in this Agreement shall constitute
or be deemed to constitute a partnership, joint venture or principal-agent relationship between
COMPANY and CUSTOMER. Either party shall not hold itself out or allow itself to be held out as a partner
of the other.
14. SEPERABILITY In the event any one or more of the provisions contained herein shall be for any
reason be declared invalid or unenforceable, such as invalidity, or unenforceability shall not affect the
other provisions of this Agreement which shall continue to be in full force and effect and be construed
as if such invalid or unenforceable provision(s) has not been embodied therein. 15. NON-ASSIGNABILITY
16. This Agreement may not be assigned in whole or in part by any party, without the prior written
consent of the other party. This Agreement will inure to the benefit of and be binding upon the parties
and their respective successors and permitted assigns. 17. AMENDMENTS The terms and provisions of
this Agreement may only be waived, modified or changed by an amendment in writing signed by both
parties hereto. 18. ENTIRE AGREEMENT This Agreement and any documents attached hereto constitute
the entire Agreement between the parties and supersede all prior agreements, representations or
expressions of intent, whether written or oral, with respect to the subject matter contained herein. In
case of any conflict between this Agreement and the terms of any documents attached hereto, the
terms of the documents attached shall control insofar as the services covered thereby are concerned.
19. GOVERNING LAW This Agreement shall be construed in accordance with and governed by the laws
of the Republic of the Philippines. 20. SETTLEMENT OF DISPUTES If any dispute or difference of any kind
whatsoever (a “Dispute”) shall arise between the parties in connection with, or arising out of, this
Agreement, the parties shall attempt, for a period of thirty (30) days after the receipt by one party of a
notice from the other party of the existence of the Dispute, to settle such Dispute in the first instance by
mutual discussions between them through their respective authorized representatives. If the Dispute
cannot be settled within the thirty-day period, either party may resort to legal/judicial action.

21. VENUE OF CASE LITIGATION Any legal/judicial action or proceeding arising out of or connected with
this Agreement including any and all documents relative thereto shall be brought in the proper courts of
San Juan City, Philippines only. By execution and delivery of this Agreement, the parties hereby
irrevocably submit to such venue to the exclusion of all other venues. IN WITNESS WHEREOF, the parties
hereto have set their hands on the date and place first above written.