Republic of the Philippines

Department Of Finance
BUREAU OF LOCAL GOVERNMENT FINANCE

CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This a CONTRACT OF LOAN executed by and between the transaction of Mr.

Kiko Moreno and MR. Li Men Ho, the Republic of the Philippines represented by the
Executive Director of the Bureau of Local Government Finance, Department of Finance,
Administrator of the Assessment Loan Revolving Fund, established by the virtue of
Presidential Decree No. 464, as amended by the Presidential Decree No. 1002,
hereinafter known as of Mr. Li Men Ho

-W I T N E S S E T H-

That Mr. Kiko Moreno having accomplished the documents and information required
in the Assessment Regulations No. 4-77, dated May 23, 1977 of the Department of
Finance;

That Mr. Kiko Moreno having submitted to Mr. Li Men Ho the required
supporting papers incident to the application of loan;

NOW THEREFORE, for and in consideration of the foregoing premises, the

PARTY OF THE SECOND PART hereby grants and approves a loan in the amount of
Five Hundred Million pesos peso (500,000,000) Philippine Currency,to invest in a
security Gang and that Mr. Li Men Ho hereby accepts said loan subject to the following
terms and conditions:

1. That the proceed of the loan shall be invest in a security services

Named Personal Security Gang.

2. That the period of payment that the capital of 500,000,000 will paid in
5 months under installment basis.

3. On April 1,2022 the day when starting the payment of One Hundred
Million pesos every month plus 1% interest per month of the total
amount of loan.
 IN WITNESS THEREOF, the parties have hereunto set their hands at Manila,
Philippines, on this day May 21,2022.