The place of choice to gas-up, work and exhibit a strong will

to win in the marketplace and in every aspect of our

business.

CONFIDENTIAL

January 8, 2021

To: Mr. Joselito Dominguez

Ms. Chona Ocampo

Dear Sir:

We have initially evaluated your property located at Rosario Cavite, Marseilla based on the
limited data that was supplied to us. Based on this, management has authorized a non-binding
offer of:

LOT AREA 733 Sqm

LEASE PERIOD Fifteen (15) Years
LEASE RATE Php 60,000 net monthly rental (VAT Exclusive with withholding tax)
ESCALATION 3% starting on the 3rd year to 15th year
SECURITY DEPOSIT 2 Months
ADVANCE RENTAL 3 Months
RENT FREE-GRACE PERIOD 6 Months
Upon expiration of the Grace Period or actual operation of the Jade Blue
EFFECTIVITY OF LEASE
Gas Station, whichever comes first
- Taxes on improvements and equipment shall be for the account of the
LESSEE while taxes on the land shall be for the account of the LESOR.
OTHERS
- Lot owner to assist in securing Barangay permit allowing a service
station facility on the site.

For your lot which we will lease and is subject to conclusion of a full due diligence process. The
offer takes into consideration our internal CAPEX hurdle rate and payback period. Furthermore,
this valuation is also based on the assumption that we are only going to lease the property.

Please consider giving us exclusivity to tender for your property for a maximum period of fifteen
(15) days, during which we will conduct and complete the due diligence exercise.

Kindly affix your signature if you are in agreement.

Sincerely yours,
JADE BLUE PETROLEUM, INC.

HEAD OFFICE: Unit 1104 ANNAPOLIS WILSHIRE PLAZA CONDOMINIUM

11 Annapolis, San Juan City, Metro Manila 1502
Mobile: 0917-5322360
Telephone: (02) 8-3657733
Email: jadebluepetroleuminc@gmail.com
Sincerely yours,
JADE BLUE PETROLEUM, INC.

Jefferson Jabonillo
Retail Network Developer Conforme:

LOUIE S. ACOSTA LESSOR

Business Development Head Date:

WILLIAM C. LEE
President
 RENTAL SCHEDULE

Year Basic Rental Escalation rate 12% VAT Gross Rental 5% EWT Net Rental
1 60,000.00 0% 7,200 67,200 3,000 70,200
2 63,000.00 5% 7,560 70,560 3,150 73,710
3 66,150.00 5% 7,938 74,088 3,308 77,396
4 69,457.50 5% 8,335 77,792 3,473 81,265
5 72,930.38 5% 8,752 81,682 3,647 85,329
6 76,576.89 5% 9,189 85,766 3,829 89,595
7 80,405.74 5% 9,649 90,054 4,020 94,075
8 84,426.03 5% 10,131 94,557 4,221 98,778
9 88,647.33 5% 10,638 99,285 4,432 103,717
10 93,079.69 5% 11,170 104,249 4,654 108,903
11 97,733.68 5% 11,728 109,462 4,887 114,348
12 102,620.36 5% 12,314 114,935 5,131 120,066
13 107,751.38 5% 12,930 120,682 5,388 126,069
14 113,138.95 5% 13,577 126,716 5,657 132,373
15 118,795.90 5% 14,256 133,051 5,940 138,991
HEAD OFFICE: Unit 1104 ANNAPOLIS WILSHIRE PLAZA CONDOMINIUM
11 Annapolis, San Juan City, Metro Manila 1502
Mobile: 0917-5322360
Telephone: (02) 8-3657733
Email: jadebluepetroleuminc@gmail.com