1. That failure of the RENTER to pay the obligation after the expiration of this agreement shall make him liable for the payment of interest per annum without need of any demand.

  2. That the RENTER participates as an insured under an automobile insurance policy, a copy of which is available for inspection by the RENTER at the headquarters office of the COMPANY. Said policy contains coverage in respect of third party body injury or death liability and property damage liability up to a limit of P50,000.00. The RENTER is bound by and agrees to the terms and conditions, thereof is being understood by the RENTER that the policy is a standard motor vehicle policy in accordance with the laws of the Philippines. The RENTER agrees further to protect the interests of the COMPANY and the insurance company of herein FILCAR SERVICES, INC. in case of accident during the term of this rental by:

    1. Not admitting liability or guilt;
    2. Obtaining names and addresses of parties and of witnesses;
    3. Not abandoning said vehicle without adequate provisions for safeguarding and securing same;

  3. Upon the expiration of the stipulated period of rental, the renter shall immediately return the vehicle, herein rented; should he fail to do so, he shall pay in the form of a penalty, an additional 20% of the accumulated charges until the vehicle shall have been returned to the COMPANY:

    1. Giving a detailed report including diagram even in case of slight damage; and within 24 hours inform the COMPANY personally or by telephone thru the nearest COMPANY station of such accident.
    2. Notifying the police immediately especially if another party's guilt has to be ascertained and/or if people are injured.

  4. That the RENTER declares that no COMPANY or Underwriter in connection with Motor insurance for RENTER has at any time:

    1. Decline any of his proposals;
    2. Required the RENTER to carry the first portion of any loss;
    3. Refused to renew any policy

  5. That the RENTER hereby releases the COMPANY of and from any liability for loss or damage to any property left, stored or transported by RENTER or any other person or upon vehicle before or during the term of this rental or after return of the vehicle of the COMPANY. The RENTER further agrees to hold the COMPANY harmless from and to defend and indemnity the COMPANY against all claims and costs based upon on arising out such damage.

  6. That the COMPANY while taking all the precautions and using its best efforts to prevent such happening, shall not be liable for mechanical failure of said vehicle or consequent damages. The RENTER shall not make any claim for damages against the COMPANY or delay through break down accident and that the RENTER shall not authorize anybody to repair and/or change part of the car without the prior knowledge and written approval of the COMPANY.

  7. RENTER shall not assign, sell, mortgage, pledge, change or alter this agreement or the vehicle or the lock equipment or any part or parts of the vehicle or otherwise deal with the same in any manner inconsistent with Leaser's ownership, when not in use renter shall always lock said vehicle.

  8. In the event of the RENTER hiring a roof lack for use on the said vehicle, he hereby releases the COMPANY from and against all or any liability for damages or claims arising directly or indirectly out of the use thereof;

  9. The additions to or alterations of the terms and conditions of this agreement shall be null and void unless agreed upon this writing;

  10. That this agreement shall be continued in accordance with the laws of the Philippines.

  11. That this parties herein agree to adopt all the stipulations/terms and conditions appearing in the front page of this AGREEMENT as an integral part hereof;

  12. In case collection of the RENTER's obligation shall be referred to a lawyer, it is agreed that 10% of such obligation shall be due as attorney's fees provided that in case of suit arising out of and in connection with this agreement venue of which is agreed upon to be in the City of Manila. It is agreed that attorney's fees, shall be paid at the rate of 25% of the amount due but in no case it be less than P100.00.

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