RETAINER CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This agreement made and entered into this ____day of _____________, 2004, at General
Santos City, by and between:

READY Corp., a corporation duly organized and existing under and by virtue of the
laws of the Republic of the Philippines, with operating business address at 1 st Road, Calumpang,
General Santos City, represented herein by RITCHE C. RIVERA, hereinafter referred to as the
“Corporation”.

And

ATTY. ARTHUR, with address at _________________________, hereinafter referred

to as the “COUNSEL”.

WITNESSETH:

The Corporation hereby engages Counsel as its retained counsel, under the following
agreed terms and conditions:

1. EFFECTIVITY. This retainer agreement is effective from _____________ and shall

continue to be valid and binding until terminated by either party by serving written notice
thereof at least thirty (30) days in advance.

2. RETAINER FEE. P___________ per month, payable every 15th and end of the month
subject to adjustment if justified by the volume or complexity of work.

3. SCOPE OF RETAINER SERVICES. The counsel’s engagement as the Corporation’s

retained counsel shall include the following legal services, to wit:

a. COURT and QUASI-JUDICIAL BODIES APPEARANCE – the retained COUNSEL

shall represent the CORPORATION in cases filed and/or pending before the court or any
administrative agencies exercising quasi-judicial function which involves the latter
including its affiliates and subsidiaries. This legal service includes the drafting, filing,
and service of pleading.

b. CONSULTATION – the retained counsel

4. SERVICES OUTSIDE THE SCOPE OF THE RETAINER AGREEMENT, HENCE,

SUBJECT TO SPECIAL BILLINGS. The counsel shall be entitled to the payment of
appearance fees in the AMOUNT of P1,500.00 for every appearance in a court hearing or
investigation before any prosecution office or other government offices and quasi-judicial
bodies, or where counsel has to represent or accompany the Corporation’s representative
 before any government office. If counsel is made to appear in a court hearing outside Genera
Santos City, he shall be allowed to charge additional reasonable expenses. Appearances in
other places shall be subject to separate arrangement.

5. OUT-OF -POCKET EXPENSES. All reasonable out-of-pocket expenses which the counsel
shall incur pursuant to this retainer agreeement shall be for the account of the Corporation.
Out-of-pocket expenses refer to costs incurred in photocopying of documents, transcript of
stenographic notes, long distance telephone calls, postage

6. Out-of-pocket expenses: All out-of-pocket expenses ( such as telegrams, long distance

domestic charges, filing fees, sheriff’s fees, document reproduction and similar expenses ), as
well as meals, lodging and transportation expenses incurred in undertaking work for client
outside General Santos City area would be for client’s account. Expenses incurred by the
lawyer shall be reimbursed provided they are supported with receipts/vouchers.

7. Amount of fees in claims/cases extra-judicially settled: 10% of the amount collected extra-
judicially, i.e. without a complaint being filed in court provided that no attorney’s fees shall
be collected if settlement of the claim is promptly made by the obligor upon mere written
demand without any further effort on the counsel’s part Provided that the client shall not be
required to pay the attorney’s fee if the obligor pays after the first demand letter. 20% of the
amount collected judicially, i.e. if the complaint is filed in court.

P AND ASSOCIATES LAW FIRM

By:

ATTY. ________________
Counsel

CONFORME:

___________________________
Client