Refundable Reservation Agreement format

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                           REFUNDABLE RESERVATION AGREEMENT

This refundable reservation agreement entered into by and between

______________________________________________ of ________

___________________-referred to as VENDOR

                                                      and  

Holy Angels Memorial park of Morong Rizal, Philippines herein represented by _____

___________________ referred to as the  PROSPECTIVE VENDEE

 

1.  Whereas the VENDOR IS THE OWNER OF THIS HEAVY equipment (excavator) described as follows

      Caterpillar 3303, 1500 hours  Serial Number         Year Model

      Length

      Width

      Height

      Weight

      Bucket size

      Reach

      Digging Depth

      Equipped with ___________________-engine    __Watts ______ hp _____

      with breaker line

     Free:       1 breaker

                    2 points

                    delivery charge

    PRICE:    _______________  (considered cash self finance

     

2.  Whereas the  Vendor has demonstrated and shown the unit to the Prospective Vendee the above mentioned unit and the prospective vendee is interested to acquire the unit;

For and in consideration of the above the parties have entered into this agreement

     1.  Reservation of  P50,000 to rserve the unit  for theirity days which is REFUNDABLE

     2.  For a period of 30 days the unit shall not be reserved nor sold to other parties

          The prospective vendee shall arrange for the approval of his own financiang 

          to pay the balance

    3.  Should the prospective vendee fail to get his financing approved, the reservation shall be returned in full to the prospective vendee.  without a need for demand via check or BANK  transfer

     THE VENDOR ACKNOWLEDGES THE RECEIPT OF THE P50,000 reservation AMOUNT

     The parties have hereunto set their hands this _________day of ________at ______

       VENDOR                                                           PROSPECTIVE VENDEE

_____________________________                      ________________________

                 SOCPN                                                             SOCPN

Process - Excavator Changing conversion from Steel to Rubber tracks, installing rubber track pads.

One of the contentious issues in excavator purchase is that the steel track can damage the grass  Our discussion with mechanics of BH at Guagua (Jeff) are as follows;

1.  Rubber tracks are slippery and thus are not recommended;    rubber isi good for concrete roads. It is better to use wooden materials for navigating grassy landscape.  Steel track will slide on ubber matting

2.  It is better to install rubber track pad on steel tracks. 

Rubber track pads at  Lazada

Replacing rubber tracks of mini excavator



Installing rubber track pads