1. In Section 1.

1, paragraph iv and v, an additional description of Confidential Information has been

reflected consistent with our standard NDA clauses.

2. In Section 1.2, we added instances where such information does not consider as confidential.

3. In Section 2, one of the obligations of the Parties is that the Recipient shall keep all discussions
concerning the Project private and confidential and not disclose the same to any third party
without prior written consent of the Disclosing Party. Moreover, only upon written request of
the Disclosing party shall the Recipient cause its Representatives to, promptly (and no later than
thirty (30) days from the occurrence of the event mentioned above) return any and all copies,
records, summaries, and other tangible materials, pertaining such Confidential Information and
shall provide to the Disclosing Party a sworn certification of such return and/or destruction
signed by the former’s authorized representative.

Likewise, the Recipient shall not engage in activities that may constitute insider trading under
the Securities Regulation Code with respect to Confidential Information obtained during the
Project.

4. In the same Section above, particularly the Data Privacy clause, we request deletion of these
clauses. We note the obligations hereunder were not required in the recently executed NDA
with Aboitiz. These data privacy provisions are also overly extensive at this stage of preliminary
sharing of confidential information where the processing of personal data is not the subject
thereof. The statement requiring parties to comply with Data Privacy Laws should suffice.

5. In Section 12.2, we added the modification clause in accordance with our standard NDA clauses.

Note: the foregoing revisions are some ones made on the recently executed NDA with Aboitiz
Land.