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2/F VPark and Go Complex Phone: 0935 093 9839

Old Natl Highway P5 South Pob. E-mail: amahanconsultancy@gmail.com


Medina, Misamis Oriental E-mail: christianamahancpa@gmail.com
9013

TERMS OF SERVICE

CLIENT: New Ventures Mining Corporation


ADDRESS: Gingoog City, Misamis Oriental

POINT PERSON: Invinsor P. Taray


President

ENGAGEMENT: __BUSINESS REGISTRATION PROCESSING__

ENGAGEMENT FEES AND TERMS OF PAYMENT

Our fees for this engagement will be as follows:

A. Php6,000 service processing fee, broken down as follows:


A.1 SEC Incorporation Php 3,500.00
A.2 BIR Registration 2,500.00
--nothing follows—

B. Progress billing indicated below shall be observed:


PERCENTAGE OF BILLABLE
PROGRESS BILLING AMOUNT REMARKS
Upon conformity to terms of
service
Acceptance 40% 2,400
Upon presentation of stamped
received, submitted
Submission of SEC incorporation documents 20% 1,200 incorporation documents to the
Upon release of BIR Certificate of
Submission of BIR business registration Registration and Authority to
documents 20% 1,200 Print Invoices
Shall be released upon
completion of engagement
Retention fund 20% 1,200

Totals 100% 6,000

C. Out-of-pocket expenses (OPEs), such as transportation, reproduction, etc, which are


incidental to the services embodied in this engagement, or for those services specially
requested by the Client, shall be for the account of the Client. Out-of-pocket expenses shall
be fully liquidated upon completion of the engagement.

TERMS OF SERVICE- REGISTRATIONS


New Ventures Mining Corporation- President: Invinsor P. Taray, February 8, 2023
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2/F VPark and Go Complex Phone: 0935 093 9839
Old Natl Highway P5 South Pob. E-mail: amahanconsultancy@gmail.com
Medina, Misamis Oriental E-mail: christianamahancpa@gmail.com
9013

D. All invoices are due and payable based on the progress matrix presented in Item B above.
E. If, for any reason, there is an increase in the amount of work and any variations from or
additional work not related to the terms of this engagement proposal, the engagement team
will sit down with the Company and discuss the necessary adjustments of the professional
fees. Adjustments will only take effect upon the agreement of both parties.

We hope the above terms correctly express our understanding.

Please indicate your agreement by signing and returning a copy for our file.

In service,

CHRISTIAN AMAHAN
Certified Public Accountant
PRC Registration No. 0158328, issued on October 27, 2014, valid until December 15, 2025
Non-VAT Registered TIN 329-029-742-000
PTR No. 2285756, issued in Medina, Misamis Oriental, dated January 16, 2023

Conforme:

______________________________
Signature over Printed Name / Designation

______________________________
Date

TERMS OF SERVICE- REGISTRATIONS


New Ventures Mining Corporation- President: Invinsor P. Taray, February 8, 2023
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