AGREEMENT FOR INSTALLATION SERVICE

This Agreement is made and entered into this 15th day of October 2021 by and between:

Marubeni Philippines Corporation, a corporation duly organized and

existing under the laws of the Republic of the Philippines, with
address at 8th and 9th Floors, L.V. Locsin Building, Ayala corner Makati
Avenues, Makati City, Philippines, herein represented by its President
& CEO, Mr. Shigeru Shimoda, hereinafter referred to as "MPC".
and
Cordsteel Builders, a corporation duly organized and existing under
the laws of the Republic of the Philippines, with address at Lot 34
Block 65-B Pound Street, North Fairview Subdivision, Fairview, Quezon
City, Philippines, herein represented by its President, John Hardie B.
Turgo, hereinafter referred to as "CORDSTEEL".

WHEREAS, MPC requires that certain equipment transported from Japan, Taiwan and Korea
be installed at Factory Site of Ibiden Philippines Inc., hereinafter referred to as "IPI" and

WHEREAS, CORDSTEEL offers its installation service to MPC in connection with the said
equipment from Japan, Taiwan and Korea and MPC accepts CORDSTEEL’s offer.

NOW THEREFORE, for and in consideration of the foregoing premises and subject to the
following terms and conditions, parties hereto have agreed as follows:

Article 1 (General Provision)

CORDSTEEL hereby undertakes to render the service set out in the following Article with
the care of a good manager. MPC shall supply CORDSTEEL with documents and/or
information necessary for CORDSTEEL to implement the service and the parties shall
cooperate with each other to implement this Agreement.

Article 2 (Scope of Work)

CORDSTEEL undertakes to provide the following services to MPC:

1) The installation service for the production equipment to be transported from Japan,
Taiwan and Korea to Philippines (hereinafter referred to as the “Equipment”)
covering the receiving of the Equipment at IPI’s plant and installation per
equipment as directed by MPC, as stipulated in the items below:
(a) Unloading and unpacking at IPI site
(b) Disposal of crates and packing materials
(c) Floor measurement and leveling check
(d) Floor protection for the installation working area
(e) Removal of rust protection oil on the surface of the Equipment, if necessary
(f) Settling, assembling alignment and leveling of Equipment
(g) Welding work, if any.
(h) Hook up secondary wiring and piping work
(i) Clean-up of working area

2) CORDSTEEL shall comply with the requirements of the applicable local rules and
regulations and all Laws, having reference to the installation service and give proper
authorities all requisite notices relating to the installation service. CORDSTEEL shall
 be responsible for all permits, fees, licenses, assessments inspections, testing and
taxes necessary to complete the installation service in accordance with the Contract
Documents.

3) Other installation-related services requested by MPC in connection with the

preceding items.

Article 3 (Method of Implementation of the Service)

The trade terms and conditions such as the details of the installation-related service
hereunder, method of implementation and delivery due date shall be determined
through mutual consultation between the parties and thereby MPC shall consign such
individual service to CORDSTEEL and CORDSTEEL shall undertake to render such
individual service.

Article 4 (Confidentiality)
Not only during the effective period hereof but also after the termination hereof,
CORDSTEEL shall be obligated to keep confidential IPI’s and MPC’s business information
which is accessed by CORDSTEEL in the course of the installation-related service and
shall take adequate measures to comply with this confidentiality obligation.

Article 5 (Service Price)

The service price and the installation-related expenses shall be in accordance with the
unit price table agreed upon between the parties hereto attached as “Attachment No.
CORDSTEEL-01” and made an integral part hereof, and shall be paid on the basis of
actual manpower and equipment record. The unit price for any service not found in the
unit price table shall be mutually agreed upon between the parties. CORDSTEEL shall
submit a proposal to MPC subject to the latter’s approval. Any and all such agreements
shall be documented and shall form an integral part of this Agreement.

Article 6 (Safety)
CORDSTEEL agrees to comply with the IPI’s safety program and instructions with all
Laws as the same may apply to the Project or affect the installation service, including,
without limitation those Laws applying to health and safety. CORDSTEEL agrees to hold
harmless and indemnify MPC or Owner for any fines, levies, or assessments on the
Project, Owner, or MPC resulting from the CORDSTEEL’s noncompliance with any of the
aforesaid safety provisions or Laws. CORDSTEEL is responsible for the safety of their
employees as required by the rules and regulations of this Agreement.

Article 7 (Payment)
CORDSTEEL shall issue an invoice to MPC for the compensation amount of the
installation services completed in the month with actual manpower and equipment
record approved by the representative of MPC. MPC shall pay to CORDSTEEL the
service amount at the end of the following month of CORDSTEEL’s invoice date after
MPC receive the service amount from IPI in compensation for the service amount to
CORDSTEEL by means of T.T. remittance to the bank account designated by
CORDSTEEL. The definition of the completion of installation service shall be the work
which has been completed and approved by the representative of MPC.

Article 8 (Currency and Exchange Rate)

US Dollar shall be the currency on the invoice.
Article 9 (Insurance)
CORDSTEEL shall produce and maintain in force for the duration of the work, Worker’s
Compensation Insurance, Employer’s Liability Insurance, Comprehensive General
Liability Insurance and all insurance required as Contractor.

Article 10 (Termination)
Either party may terminate this Agreement, either in whole or in part, without giving
any notice of demand to the other party, and may claim against the other party
compensation for damage, if any of the events set out in the following items occurs to
the other party.
1. If the other party fails to perform any part of its obligations hereunder;
2. If the other party violates the provision hereof;
3. If the other party dishonors any bill or check drawn or subscribed by it or otherwise
suspends its payment;
4. If the other party undergoes any petition of attachment, provisional attachment,
provisional disposition, public auction, bankruptcy, company liquidation, corporate
reorganization, etc.; or
5. If the other party dissolves itself except for the case of merger.

Article 11 (Effective Period)

This Agreement shall be effective for the period from September 1, 2021 until March 31,
2022. If any extension of the effective period hereof becomes necessary, the parties shall
discuss with each other to determine the extension thereof.

Article 12 (Implementation of Service)

The implementation period of the service hereunder shall be the period set out in Article 11.
If any amendment of the scheduled date becomes necessary, the parties shall discuss with
each other to determine the extension thereof.

Article 13 (Report Obligation)

Upon implementation of each individual service hereunder, CORDSTEEL shall submit a
report to MPC and MPC shall be entitled to give directions to CORDSTEEL on the
implementation of the installation-related service if MPC deems it necessary.

Article 14 (Additional Expenses)

If any significant change occurs to conditions that are agreed upon contract execution, the
parties shall separately discuss with each other to implement the service hereunder.

Article 15 (Force Majeure)

In case when any of the service hereunder is delayed or is unable to be performed, either in
whole or in part, due to any reason not attributable to CORDSTEEL’s fault or negligence,
including act of God, war, riot, terrorism or similar commotion, significant change in political
or economic situation of the Philippines, labor dispute, any accident which is within the
jurisdiction of port and harbor authorities and is beyond CORDSTEEL’s control, or any other
event of force majeure, CORDSTEEL shall not be liable for such delay in the performance or
non-performance.

Article 16 (Dispute Resolution)

Any dispute arising out hereof, any question regarding interpretation hereof and other
relevant matters not provided herein shall be determined or resolved through mutual
consultation between the parties in good faith.
IN WITNESS WHEREOF, the parties hereto hereby execute this Agreement in triplicate by
placing their seals and signatures thereon.

Marubeni Philippines Corporation Cordsteel Builders

-------------------------------------- ----------------------------------------
Shigeru Shimoda John Hardie B. Turgo
President and CEO President - GM
Date:_________________ Date:_________________

Signed in presence of;

Marubeni Philippines Corporation Cordsteel Builders

-------------------------------------- ----------------------------------------
Hisanao Kanesugi Dulce Bravante
Vice President and Treasurer Vice President - Marketing
Date:_________________ Date:_________________
 October 15th , 2021
Attachment : CORDSTEEL-01
Installation Service: Manpower / Equipment Fee – Unit Rate Table