GOLDEN WING STAINLESS STEEL CORP

673 Tomas Mapua St. Sta. Cruz, Manila, Metro Manila

Sales Agreement

Between: Golden Wing Stainless Steel Corp.

And
Ms. Arlene Hadap

In consideration of the covenants and agreements contained here, the party in this agreement agrees as follows:

1. Sale of Goods The Seller shall deliver the expected sale of over a million pesos worth of stainless may it
be of any kind from GWSSC every month. The company also expects that sale must increase every
month. A sale below the previous net of sale per agent is subject for evaluation and may affect the
commission program. In return, the company is open for negotiation for a more competitive commission
program.

2. Purchase Price Any special arrangement to client with regards to price shall be pre-approved by the
management to secure the company’s interest.

3. Credit Terms All accounts should submit complete documents required for credit application it
includes Proof of ownership, legitimacy, financial document of client and first Purchase order to GWSSC
for evaluation. Failure to deliver so might delay the delivery of the orders.

4. Collection All sales executives are expected to be of help in collection being the account holder of the
client. Release of commission is on a monthly basis that requires a full collection of sales per month.

5. Commissions Commissioned sale is only for paid sales. Below 1,000,000.00 will be considered a
regular sale of the company with no commission as the agents are paid in full salary and supported with
allowances for the whole month.

0 1 Million No comission
1 Million 2 Million 1%
2 Million 3 Million 1.20%
3 Million 4 Million 1.40%
4 Million 5 Million 1.50%
5 Million and Up 1.60%
 6. Allowances Sales agents will be given a ten thousand pesos 10,000.00 every month paid in advance
every end of the month and should submit a schedule of Appointment and itineraries every end of the
month to Ms. Crisel A. Miguel.

 Allowable reimbursement to a sales agent if in case of shortage is only two thousand pesos
2,000.00 and should be submitted in detail and subject for approval.

 For special trips/official business out of town that may require an accommodation and
Transportation budget of ten thousand pesos and over 10,000.00 shall be in request letter
with detailed sales appointment and pre-approved.

Addition notes to this agreement:

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Prepared by:
Ms. Joanne C. Moneva CFE,MFE

_______________________________________ ___________________________
Mr. Michael Lee/ Ms. Jenny Lam/ Mr. Jayson Lim Ms. Arlene Hadap

CC: Accounting; HR