AMENDMENT TO THE DEED OF ASSIGNMENT. This Amendment to the Deed of Assignment (this “ day of January 2022 in Makati City by and between: mendment”) is made and entered into this 31° AC ENERGY CORPORATION, a corporation duly organized and existing under the laws of the Republic of the Philippines, with office address at the 4" Floor, 6750 Office Tower, Ayala Avenue, Makati City (hereinafter, “ACEN’ ~ and - ACE ENEXOR, INC., a corporation duly organized and existing under the laws of the Republic of the Philippines, with office address at the 4" Floor, 6750 Office ‘Tower, Ayala Avenue, Makati City (hereinafter, “ACEX") SETS FORTH THAT: On 29 December 2021, ACEN and ACEX executed a Deed of Assignment, whereby ACEN transferred and conveyed to ACEX its rights to and interest in five (5) corporations as detailed therein for and in consideration of the issuance by ACEX of 339,076,058 common shares at P10,00 per Exchange Share or a total transfer value of P 3,390,760,580.00 in favor of ACEN. CEN and ACEX have agreed to amend the Deed to correct the ownership percentage of ACEN in ACEX upon completion of the Transaction. Terms not otherwise defined in this Amendment shall have the meanings ascribed thereto in the Deed. NOW THEREFORE, for and in consideration of the foregoing premises, the parties agree as follows: 1. Seetion 1 is hereby amended as follows: 1. Subseription by ACEN, For and in consideration of the issuance by ACEX of the Exchange Shares or a total of 339,076,058 common shares at Pesos: Ten (P10.00) per Exchange Share or a total Transfer Value of Pesos: Three Billion Three Hundred Ninety Million Seven Hundred Sixty Thousand Five Hundred Eighty (P3,390,760,580.00), ACEN hereby assigns, cedes, transfers and conveys unto ACEX by virtue of a tax-free exchange under and in compliance with the rules set forth in Section 40(C)2) of the National Internal Revenue Code, as amended by Republic Act No. 10963 (TRAIN Law) and Republic Act No. 11534 (CREATE Law) (the “Tax Code"), and ACEX hereby accepts, ACEN’s rights, title, and interest in the Properties, free and clear of all liens, charges, claims, and encumbrances whatsoever at their Transfer Values indicated in Schedule hereof. ACEN currently owns 75.92% of the outstanding capital stock of ACEX. Upon completion of the Transaction, ACEN will own 89.78% the outstanding capital stock of ACEX. In turn, ACEX will acquire from ACEN the ownership interest in the Properties indicated in Sehedule 1 hereof. 2, Unless otherwise amended herein, all terms and conditions of the Deed shall continue in full force and effect. ‘The general provisions of the Deed shall apply to this Amendment mutatis mutandis,IN WITNESS WHEREOF, this Amendment has been exe place first above writen. cl by the parties on the date and in the AC ENERGY CORPORATION By CHRISTIAN GERARD P. CASTILLO Attorney-in-Faact Attorney-in-Fact Signed in the presence of: [Signature page tothe Amendment tothe Deed of Assignment berwee® ACEN and ACEX]REPUBLIC OF THE PHILIPPINES) MAKATI CITY, METRO MANILA) SS ACKNOWLEDt 7MENT BEFORE ME, a Notary Public for and in Makati C personally appeared the following: Name Government 1D Date and, Issued or Expiration Date AC Energy Corporation TIN: 000-506-020 Represenied by Maria Corazon G. Dizon Dodjie D. Lagazo ACE Enexor, Inc, TIN: 004-500-964 Represented by Maria Corazon G. Dizon Christian Gerard P. Castillo \who were identified by me through competent evidence of identity to be the same persons who ex the foregoing Amendment to the Deed of Assignment and acknowledged to me that the same is th and voluntary act and deed as well as the official acts of the entities represented, This instrument, consisting of three pages including the page whereon this Acknowledgment is written, has been signed by the parties and their instrumental witnesses WITNESS MY HAND AND SEAL this_JAN 3 1 1 Makati City EAN Doc. No. 55; Page No, [2 ee lament page to the Amendment fo the Ded of Assign seen ACEN and ACEN