Republic of the Philippines Province of Leyte Municipality of Tolosa BIDS AND AWARDS COMMITTEE EXCERPT FROM THE MINUTES

OF THE MEETING HELD ON FEBRUARY 3, 2012 AT 2:00 P.M. AT THE BRIEFING ROOM, MUNICIPAL MAYORS OFFICE, TOLOSA, LEYTE BAC Resolution No. 03 Series of 2012 RESOLUTION RECOMMENDING THE AWARD OF CONTRACT TO PARAMED PHARMACEUTICALS INC. FOR THE SUPPLY AND DELIVERY OF MEDICINES, WITH A COST OF ONE MILLION THREE HUNDRED THREE THOUSAND NINE HUNDRED EIGHTY FIVE PESOS AND 75/100 (P 1, 303, 985.75) WHEREAS, THE Local Government Unit of Tolosa, Leyte through its Bids and Awards Committee has posted both in E-PROCUREMENT SERVICE and in all conspicuous places in the municipality of Tolosa on January 13, 2012 and conducted public bidding on February 3, 2012 for the Supply and Delivery of Medicines at the Briefing Room, Municipal Mayors Office, Tolosa, Leyte in the presence of bidders and their representatives; WHEREAS, two (2) bidders submitted their bid quotations, to wit: Diamond Head Pharmaceuticals Paramed Pharmaceuticals Inc.

WHEREAS, the evaluation conducted by the BAC Technical Working Group, showed that the Paramed Pharmaceuticals Inc. is the lowest calculated responsive bidder with a bid amount of One Million Three Hundred Three Thousand Nine Hundred Eighty Five Pesos and 75/100 (P 1, 303, 985.75) provided under Section 37.1 of the REVISED IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT NO. 9184, OTHERWISE KNOWN AS THE GOVERNMENT PROCUREMENT REFORM ACT; NOW THEREFORE RESOLVED AS IT IS HEREBY RESOLVED by the BAC to award as it is hereby awards to Paramed Pharmaceuticals Inc. for the Supply and Delivery of Medicines in the amount of One Million Three Hundred Three Thousand Nine Hundred Eighty Five Pesos and 75/100 (P 1, 303, 985.75) to be completed within 30 calendar days, being the lowest calculated responsive bidder. Done and signed this 8th day of February, 2012 at Tolosa, Leyte.

Certified true and correct

RODEL L. JAYME Head, BAC Secretariat

CECILIO C. MARILLA BAC Chairman

Members:

ENGR. DONATO S. ADVINCULA BAC Vice-Chairman

MYRNA T. SILVANO BAC MEMBER

ENGR.BEATRIZ B. TANGPUZ BAC MEMBER

LOIDA A. PALAA BAC MEMBER

MA. EVELYN P. FUMAR BAC MEMBER