August 22, 2018

ROY P. MANGALI
AVP/Assistant Resident Manager
Philex Mines, Padcal
Tuba, Benguet

Attention: DANIEL A. BIALA

TSF Manager

Dear Sir,

This is connection with our contract “Earth Moving Works at the Tailings Storage
Facility No. 3 (TSF 3)”. May we request for partial payment for the work accomplishment in
the amount of Ten Million Pesos ( P 10,000,000) to be deducted from our total contract
amount. We look forward to a prompt payment regarding the matter. Thank You.

Glen Flores

Vice President