WVSU SM Bills Collection Agreement

Herewith is the amendment to WVSU SM Bills Collection Agreement effective October 2017:

SIGNED COLLECTION AGREEMENT:

7.1 SM shall be entitled to charge service fee of seven-peso (Php 7.00) for every payment
transaction processed by SM, which shall be passed on to the PRINCIPAL’S clients.
SM shall advice the principal’s client’s of the SM fee charged by SM before each payment.Announcement or notices shall be made at the receiving counter of SM to this effect.
SM shall pay national and local taxes incidental to this agreement.

AMENDMENT:

7.1 SM shall be entitled to charge service fee of ten-peso (Php 10.00) for every payment
transaction processed by SM, which shall be passed on to the PRINCIPAL’S clients.
SM shall advice the principal’s client’s of the SM fee charged by SM before each payment.Announcement or notices shall be made at the receiving counter of SM to this effect.
SM shall pay national and local taxes incidental to this agreement.

*Implementation date of NEW service fee is on October 1, 2016.

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