August 01, 2022

LOXON PHILIPPINES INC

LPI Center Bldg 324 Capt. Henry Jav
Pasig

Attention: JONATHAN A. ESMERIO

President

Subject: NOTICE OF BOND RENEWAL

AVIDA TOWERS VIREO T2
SUPPLY AND INSTALLATION OF FIRE DETECTION AND ALARM SYSTEM

Dear Mr. Esmerio:

This is to notify your Company that the following bonds are nearing to expire/expired:

Purchase Order. . . . . . . . . . . . : 5200015381

Original contract Amount. . . . . . .
Bonding Company. . . . . .. . . . . . .
Existing:
Bond No. . . . . . . . . . . . . . . . . . . .
Bond Amount . . . . . . . . . . . . . . .
Bond Duration . . . . . . . . . . . . .
: Php 8,361,128.00
BPI MS INSURANCE CORPORATION
Payment/Surety Bond Performance Bond
: G(23)103350 G(23)103351
: Php 836,112.80 Php 1,672,225.60
January 30, 2021 to January 30, August 10, 2021 to August 10,
: 2022 2022

The Company is hereby directed to either renew the bonds above listed or obtain new bonds in favor of
MDC, in the amount above stated and for the period of coverage.

Required Amount of Surety Required Amount of

Bond. . . . . . . . . . . Performance Bond . . .
: Php 68,797.02 : 1,672,255.60

Required Validity of
Required Validity of Surety January 30, 2022 to August 10, 2022 to August
Performance Bond
Bond Extension. . . . . . . . . . .
: January 30 2023 Extension. . . . . . : 10, 2023

Please provide MDC with the renewal bonds no later than August 10, 2022.

Should the Company fail to submit the renewal bonds within the period indicated in this notice, MDC shall
be constrained to draw the full amounts of the existing bonds. Such amount shall stand as security for
Company’s performance of its obligations under the subcontract agreement and shall not be released until
a renewal bonds is submitted to MDC.

For compliance.
Received By:

RUFINO MENDOZA
LOXON PHILIPPINES INC.
Signature over Printed Name of Authorized
Representative
August 1, 2022

This is to confirm and certify no dispute with LOXON PHILIPPINES INC. for its existing contract with
Makati Development Corporation for the AVIDA TOWERS VIREO T2 Project.

Below are the details of its existing contract and bond details as of to date:

Description : SUPPLY AND INSTALLATION OF FIRE DETECTION AND ALARM SYSTEM

Purchase Order : 5200015381
Original Contract Amount : 8,361,128.00
Revised Contract Amount : N/A
Surety Bond Bond No. : G(23)103350
Original Bond Amount : Php 836,112.80
Bond Amount Required : Php 68,797.02
Bond Extension : January 30, 2022 to January 30, 2023
Performance Bond Bond No. : G(23)103351
Original Bond Amount : Php 1,672,255.60
Bond Amount Required : Php 1,672,255.60
Bond Extension : August 10, 2022 to August 10, 2023

This is issued upon request of BPI MS INSURANCE CORPORATION for the renewal of bonds of
LOXON PHILIPPINES INC.

The Company is hereby directed to either renew the bonds above listed or obtain new bonds in favor of
MDC, in the amount above stated and for the period of coverage.