Fre z ATTACHED TO AND FORMING PART OF CBIC BOND NO. G(16)191028 Ho-17-91074 7 Bond No: NO-27-3107" ck CBICBOGNG. nue G(16) 191028 Country Bankers Insurance CORPORATION CCouviry Baskens Ceatee, 648 TM. Kalaw AvENUt Fxoita, Mila Tel. Nos: 5240621 10 25, 524-1886 » Fx 5267904 + P.O, Box 1280, Mant Website: wwwn.coummmbakes.com + Ext: cbic@cousteybavkers.com VAT Rec, TIN: 000-840-87%-000 Established Since 1960 eee SURETY BOND KNOW ALL MEN BY THESE PRESENTS: ‘That we, PHIL CONCEPT CONSTRUCTION CORP... € ae : of ...... NO. 611 Boni Avenue,_ Plainview, Mandaluyong {%frincipal,,andyCouNtRY Bankens Iysurwce CORPORATION, a corporation duly organized and existing under and By vituelof the laws of the Philippines, as surety, are held and firmly bound unto ..e--cn-r--m MISSIN PRECISION PHILIPPINES CORPORATION “ONE MILLION FIVE HUNDRED SIXTY NINE” Pesos FOUR: HUNDRED SIXTY: TWO AND: 95/100-PESOS: ONL @ Philippine Currency, for the payment ‘of which sum, well and truly to by :, we bind ourselves, ‘our heirs, executors, administrators, successors, and assigns jointly and Sev. firmly by these presents. _— AU The conditions of this obligation are as follows: ee 7 Guarantee the repayment of the 30% advance payment made by the obligee to ~ 9 the herein principal to be used exclusively for the NPPC warehouse Expansion Bldg. - Additional works located at Lot 15-A First Philippine Industrial park Sta, Anatascia, Sto. Tomas, satangas which will be liquidated on a fixed percentage deduction from the progress billing of the principal. WHEREAS, in case of default by the principal, the liability of the surety company shall only be the unliquidated portion of the down payment, less, whatever retention money withheld from progress billing by the oblige IT IS UNDERSTOOD, HOWEVER, that the liability of the surety company shall in no case exceed the sum of ONE MILLION FIVE HUNDRED SIXTY NINE THOUSAND FOUR HUNDRED SIXTY Two PESOS & 95/100 ONLY (P 1,569,462.95) Philippine currency. ‘ond in the above stateq”summw_sceure- ramus pet ———- UNDERTAKING... peers NOW THEREFORE, if the prineipal shall well and truly perform and fulfill all the undertakings, covenants, terms, coniitions, an si eipnntet tna i. then this obligation shal ‘void: otherwise it shall remain in full force and effect. ‘The liability 6 MEOUNIRY Bavkers Insuravce Corporation under this bond will expire 0M oly a 2088" ers and said bond wl be case fa By = DAYS ater its expiration, unes surety is woifid of any existing obligitions es IN WITNESSIWHEREOF, we have set our hands and signed our names on the ..24¢h:+--- day of AM... JUNIAZ..... ee ca RDO A ie ManilaACKNOWLEDGMENT Bond No IC No.: (16) RERHIGE RMIUE PHILIPPINES) a )SSpath July 7 ‘This is M*MRity that on the day of 20! , Philippines before me the ‘Undersigned authority personally appeared: NAME REPRESENTING CTC NO.& VALID ISSUEDAT DATE ALLANC. SUNGA pai. concet Pegi RUCTON® » _CORP 2, 3) 4) 3) AITO a ATIENZA, JR ROLANDO P and exhibiting CTC No. & Valid Govt-IsggghJBAQ°- B Manila March 4, 2014 issued at on representing sss 104.3160105.5. COUNTRY BANKERS INSURANGE. (CORPORATION) a.corporation organized and eXisting under virtue of the lawsoof the Philippines, vARHSAS#Prificipal office in the City of Manila and wi WsiGh'fax Genificate Noa Eee ___issued’ at Manila on ‘and executed the foregoing document and acknowledged to me that they executed the same as their free and voluntary act and deed of the ‘company/ies which they represented, for the uses and:purposes therein ‘mentioned. ROLANDO P ATIENZA, JR-AVP - BONDS FURTHER, said as ‘of COUNTRY BANKERS INSURANCE CORPORATION, having been dilly sworn, states and deposes that*COUNTRY BANKERS INSURANCE CORPORATION is duly authorized to ‘execute and furtiish surety bonds for all purpose and that it.isi@etually worth the amount {SBE MUALION Fn ORD OMY NINE THOUSAND FOUR HUNDRED SIXTY TWO AND 26/100 PESOS Ou y-— 4 560,462.95. ‘Pesos, Philippine Currency, over and ‘above all just debts and obligations and property exempt from execution. COUNTRY BANKERS INSURANCE CORPORATION (NDO P ATIENZA, JR By: ‘AVI. BONDS a IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal onthe date and place first above written. 494 100 105 2017 Doc. No. Page No. Book No. Series of 20