MEMO JANUARY 6, 2012 Ref.: No. CHEPP-0001 To : ALL CONCERNED EMPLOYEES PERSONNEL & ADMIN. DEPT.

PERSONNEL REDUCTION DUE TO REALIGNMENT OF

From : SUBJECT WORKS

Due to the above subject, the Project Management has decided to implement manpower reduction effective January 14, 2012 close of business hours. The CABULIG HYDROELECTRIC POWER PLANT PROJECT Management and Staff would like to extend our heartfelt gratitude for the contribution you have extended in the execution of works. While the company desires to accommodate everybody in the organization, but limited manpower excess thereof would mean losses to the company. Please secure necessary clearance and accountability with the company to enable us to process the payment of the remaining salaries and benefits. If any due to you under the Company’s Policy and the Law. Name 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Position Steelman Steelman Steelman/Welder Steelman Steelman Steelman Steelman Steelman Steelman Industrial Electrician Carp/Mason Carp/Mason Carp/Mason Carp/Mason Laborer Laborer Laborer Laborer Noted by: ALBERTO B. Proj. Personnel

For the Management: GERRY MALATE MENDOZA Proj. Manager

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