SCHEDULED PROPERTY FLOATER POLICY

This policy is made and accepted subject to the Stipulations, Conditions and Provisions herein contained
and which are hereby specially referred to together with such other provisions, agreements or conditions
as may be endorsed hereon or added hereto and no officer of this Company shall have power to waive or
be deemed to have waived any provision or condition of this Policy unless such waiver, if any, shall be
written hereon, or attached hereto, nor shall any privilege or permission affecting the insurance under this
Policy exist or be claimed by the insured unless so written and attached.

No payment in respect of any premium shall be deemed to be payment to the Company unless a printed
form of receipt for the same signed by an Official or duly appointed Agent of the Company shall have been
given to the Insured, except when such printed receipt is not available at the time of payment and the
Company or its representative accepts the premium in which case a temporary receipt other than the printed
form may be issued in lieu thereof.

Except only in those specific cases where corresponding rules and regulations which now are or may
hereafter be in force provide for the payment of the stipulated premiums in periodic installments at fixed
percentages, it is hereby declared, agreed and warranted that this policy shall be deemed effective valid
and binding upon the Company only when the premiums therefor have actually been paid in full and duly
acknowledged in a receipt signed by any authorized official or representative / agent of the Company in
such manner as provided herein.

The provisions printed and written by the Company on the succeeding pages thereof form part of this
contract as fully as if stated over the signature hereto affixed.

IN WITNESS WHEREOF, a duly authorized officer of the Company has set his hand hereunto in Makati,
Philippines this 27th day of January .

IMPORTANT NOTICE
The Insurance Commissioner, with offices in
Manila, Cebu, and Davao, is the Government
official in charge of the faithful execution and
enforcement of all laws relating to insurance and ETIQA LIFE & GENERAL ASSURANCE PHILIPPINES, INC.
has supervision over insurance companies. He
is ready at all times to render assistance in
settling any controversy between an insurance
company and a policy holder relating to
insurance matters. Authorized Signatory

Documentary Stamps to the value stated in the

schedule have been affixed and properly
cancelled on the duplicate copy of this Policy

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1. THIS POLICY INSURES AGAINST direct physical loss or damage to the property insured from any external
cause, subject to the conditions and exclusions of this Policy now included or as may be hereinafter added.

2. THIS POLICY DOES NOT INSURE AGAINST:

a) Loss or damage to the property insured caused by or resulting from wear and tear, gradual deterioration,
inherent vice, latent defect, mechanical breakdown, corrosion, rust, dampness of the atmosphere and/or
loss or damage caused by perils other than those specified above;

b) Loss or damage to electrical appliances or devices of any kind including wiring caused by electrical injury
or disturbance whether from artificial or natural cause unless fire ensues and then for the loss by fire
only;

c) Loss or damage caused by repairing, adjusting, servicing or maintenance operations, unless fire ensues
and then for the loss by fire only;

d) Loss if, at the time of loss or damage, there is any other insurance which would attach if this insurance
had not been effected, except that this insurance shall apply only as excess and in no event as
contributing insurance, and then only after all other insurance has been exhausted;

e) Infidelity of the Insured’s employees or of persons to whom the Insured’s property is entrusted;

f) Loss or damage caused directly or indirectly by invasion, the act of foreign enemies, hostilities or warlike
operations (whether war be declared or not), civil war, mutiny, rebellion, revolution, insurrection, military
or usurped power or by any direct or indirect consequences of any of the said occurrences and in the
event of any claim hereunder the Insured shall prove that the accidental loss or damage arose
independently of and was in no way connected with or occasioned by or contributed to by or traceable
to any of the said occurrences or any consequences thereof and in default of such proof the Company
shall not be liable to make any payment in respect of such claim;

g) Consequential loss or damage of any kind or description whatsoever including (i.) delay in completing,
negotiating and loss of contracts; and (ii) deterioration and loss of market.

3. NOTWITHSTANDING ANY OTHER CONDITIONS CONTAINED HEREIN, IN THE EVENT OF LOSS OR

DAMAGE TO THE PROPERTY INSURED:

a) it shall be optional with the Company to take deliver of such property or to repair, reinstate or replace the
property lost or damaged with other of like kind and quality within a reasonable time;

b) it is understood and agreed that, for the purpose of this insurance, the actual cash value of the property
insured hereunder on the day of the disaster shall be considered the valuation of same, said actual cash
value to be determined with proper deduction for depreciation;

c) the Company shall in no event be liable under this Policy for a greater proportion of any loss or damage
than the sum hereby insured bears to the value of all the property at risk in all places at the time such
loss shall happen but in no case to exceed the amount insured hereunder, and in no case shall the
Company be liable for more than the sum insured hereunder in respect of each item as set forth in the
schedule, either in case of partial or total loss or salvage charges or any other charges or expenses or
all combined. Each item scheduled herein is deemed to be separately insured.

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4. EACH CLAIM FOR LOSS OR DAMAGE SHALL BE ADJUSTED SEPARATELY AND FROM THE
AMOUNT OF EACH SUCH ADJUSTED CLAIM OR THE APPLICABLE LIMIT OF LIABILITY, WHICHEVER
IS LESS, THE SUM OF AS AGREED (PHP
AS AGREED ) SHALL BE DEDUCTED

GENERAL CONDITIONS

MISREPRESENTATION AND FRAUD. This policy shall be void if the Insured has concealed or
misrepresented any material fact or circumstance concerning this insurance or the subject thereof or in
case of any fraud, attempted fraud or false swearing by the Insured touching any matter relating to this
insurance or the subject thereof, whether before or after a loss.

NOTICE OF LOSS. The Insured shall as soon as practicable report to this Company or its agent every loss
or damage which may become a claim under this Policy and shall also file with the Company or its agent
within ninety (90) days from date of loss a detailed sworn proof of loss. Failure by the Insured to report the
said loss or damage and to file such sworn proof of loss as hereinbefore provided shall invalidate any claim
under this Policy for such loss.

EXAMINATION UNDER OATH. The Insured shall submit and so far as is within his or their power shall
cause all other persons interested in the property and members of the household and employees to submit,
to examinations under oath by any person authorized by the Company to take such deposition and to
subscribe the same, and shall produce for examination all books of account bills, invoices, and other
vouchers or certified copies thereof if originals be lost, at such reasonable time and place as may be
designated by the Company or its representatives, and shall permit extracts and copies thereof to be made.

VALUATION. Unless otherwise provided, this Company shall not be liable beyond the actual cash value of
the property at the time any loss or damage occurs and the loss or damage shall be ascertained or
estimated according to such actual cash value with proper deduction for depreciation, however caused,
and shall in no event exceed what it would then cost to repair or replace the same with material of like kind
and quality.

SETTLEMENT OF CLAIMS. All claims for which the Company shall be liable shall be paid or made good
to the Insured within thirty (30) days after proof of interest and loss is received at the office of this Company,
and ascertained of any loss or damage is made either by agreement between the Company and the Insured
or by arbitration, but if such ascertainment is not had or made within sixty (60) days after such receipt of
such proof of interest and loss by the Company, then the loss or damage shall be paid within ninety (90)
days after such receipt.

COLLECTION FROM OTHERS. No loss shall be paid hereunder if the Insured has collected the same
from others.

NO BENEFIT TO BAILEE. This Insurance shall in no wise inure directly or indirectly to the benefit of any
carrier or other bailee.

SUBROGATION. In the event of any payment under this Policy the Company shall be subrogated to all the
Insured’s rights or recovery therefore against any person or entity and the Insured shall execute and deliver
instruments and papers and do whatever else is necessary to secure such rights. The Insured shall do
nothing before or after loss to prejudice such rights.

REINSTATEMENT. Every claim paid hereunder reduces the amount insured by the sum so paid unless
the same be reinstated by payment of additional premium thereof.

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PAIR AND SET. It is understood and agreed that, in the event of loss or damage to any articles which are
a part of a set, the measure of loss or damage to such articles shall be a reasonable and fair proportion of
the total value of the set, giving consideration to the importance of said article or articles, but in no event
shall such loss or damage be construed to mean total loss of set.

MACHINERY/GOODS. In case of loss or injury to any part of the insured property consisting, when
complete for sale or use, of several parts, this Company shall only be liable for the insured value of the part
lost or damaged.

SUE AND LABOR. In case of loss or damage, it shall be lawful and necessary for the Insured, his or their
factors, servants and assigns to sue, labor, and travel for, in and about the defense, safeguard and recovery
of the property insured hereunder, or any part thereof, without prejudice to this insurance; nor shall the acts
of the Insured or this Company in recovering, saving and preserving the property insured in case of loss or
damage, be considered a waiver or an acceptance or abandonment to the charges whereof this Company
will contribute to the rate and quantity of the sum herein insured.

SUIT AGAINST THE COMPANY. No suit, action or proceeding for the recovery of any claim under this
Policy shall be sustainable in either in the Insurance Commission or in any court of competent jurisdiction
unless the same be commenced within 12 months next after discovery by the Insured of the occurrence
which gives rise to the Claim.

ARBITRATION. All differences as to the amount of any loss or damage arising out of this policy, shall be
referred to the decision of an arbitrator to be appointed in writing by the parties in difference or if they cannot
agree upon a single arbitrator to the decision of two arbitrators, one to be appointed in writing by each of
the parties within thirty (30) days after having been required in writing so to-do by either of the parties and
in case of disagreement of the arbitrators to the decision of an umpire to be appointed in writing by the
arbitrators before entering upon the reference. The making of an award shall be a condition precedent to
any right of action against the Company.

CANCELLATION. This Policy may be cancelled at any time by the Insured by surrendering this Policy to
the Company, in which case, the Insured shall be entitled to a return of premium less premium at the
Company. Short Period Rates for the period the Policy has been in force. Likewise, this Policy may be
cancelled by the Company, in which case, the Company shall return to the Insured the pro-rata unearned
portion of the premium corresponding to the unexpired period of insurance. Cancellation by the Company
shall be done with prior written notice, mailed or delivered to the Insured at the address shown on the
Policy, stipulating any one of the following as the basis for cancellation:

a) non-payment of premium;
b) conviction of a crime arising out of acts increasing the hazards insured against;
c) discovery of fraud or material misrepresentation;
d) discovery of willful or reckless acts or omissions increasing the hazards insured against;
e) physical change in the property insured which result in the property becoming uninsurable; or
f) a determination by the insurance Commission that a continuation of the Policy would violate or
would place the Company in violation of the insurance Code.

SHORT PERIOD SCALE

MONTHS 1 2 3 4 5 6 7 8 9 10 11
ANNUAL RATES 20% 30% 40% 50% 60% 70% 75% 80% 85% 90% 95%

The Insured shall be entitled to renew this policy upon payment of the premium due on the effective date

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of the renewal, unless the Company at least forty-five (45) days in advance of the Policy expiry date mails
or delivers to the Insured at the address shown on the Policy notice its intention not to renew the Policy or
to condition its renewal upon reduction of limits or elimination of coverages.

OTHER INSURANCE. It is expressly agreed that this insurance shall not cover to the extent of any other
insurance whether prior to or subsequent hereto in date , and by whomever effected, directly or indirectly,
covering the same property and this Company shall be liable for loss or damage only for the excess value
beyond the amount of such other insurance.

THEFT EXCLUSION CLAUSE: This Company shall not be liable to indemnify the Insured against any loss
or damage due to burglary, house breaking or theft.

RECEIPT OF PAYMENT CLAUSE: It is hereby declared and agreed that notwithstanding anything to the
contrary contained in the within policy, this insurance will be deemed valid and binding upon the Company
only when the premium and documentary stamps therefor have actually been paid in full and duly
acknowledged in an official receipt signed by an authorized official/representative of the Company.

NUCLEAR EXCLUSIONS CLAUSE: This Policy does not cover:

a) loss or destruction of or damage to any property whatsoever or any loss expense whatsoever or
resulting or arising there from or any consequential loss;

b) any legal liability of whatsoever nature directly or indirectly caused by or contributed to, by or arising
from ionising radiations or contamination by radio-activity from any nuclear fuel or from any nuclear
waste from the combustion of nuclear fuel. For the purpose of this exclusion only combustion shall
include any self-sustaining process of nuclear fission.

The indemnity provided by this Policy shall not apply to nor include any loss, destruction, damage or legal
liability directly or indirectly cause by or contributed to, or arising from nuclear weapons material.

REPLACEMENT PARTS AND ENDORSEMENT: It is hereby understood and agreed, notwithstanding

anything to the contrary contained in this Policy that in the event of loss or damage to the Motor Vehicle or
its accessories or spare parts necessitating the supply of a part not obtainable from stocks held in the
country in which the Motor Vehicle is held for repair or in the event of the Company exercising the option
to pay in cash the amount of the loss or damage, the liability of the Company in respect of any such part
shall be limited to:

a) (i) the price quoted in the latest catalogue or price list by the Manufacturer or his Agents for the
Country in which the mobile phone is held for repair or

(ii) if no such catalogue or price list exists, the price last obtaining at the Manufacturer’s Works
plus the reasonable cost of transport otherwise than by air to the country in which the mobile
phone is held for repair and the amount of the relative import duty and

(b) the reasonable cost of fitting such part

LIMITS OF LIABILITY: The insurance provided under Schedule No. 1 of this Policy, against loss or damage
to the insured property from any external cause shall mean as resulting from accident only and shall exclude
any malicious damage caused by the insured, any member of his family or by any person in the insured’s
service and the liability of the Company for each claim or series of claims within the period of insurance
shall not exceed the total sum of Php AS AGREED .

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OMNIBUS CLAUSE: All applicable provisions of Presidential Decree No. 612 as amended by R.A. 10607,
otherwise known as “The Insurance Code” are deemed to have been incorporated in this policy/contract of
insurance and will supersede any agreement and/or condition inconsistent therewith.

CIVIL CODE ARTICLE 1250 WAIVER CLAUSE: IT IS HEREBY DECLARED AND AGREED that the
provisions of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads:“ In case
an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency
at the time of the establishment of the obligation shall be the basis of payment,” shall not apply in
determining the extent of liability under the provisions of this Policy.

MEDIATION CLAUSE. In the event of any controversy or claim arising out of or relating to this contract, or
a breach hereof, the parties hereto agree first to try and settle the dispute by mediation, administered by
the Insurance Commissioner any recognized mediation institution under its Mediation Rules, before
resorting to arbitration, litigation or some other dispute resolution procedure.

CHANGES IN POLICY CLAUSE: None of the provisions conditions and terms of the Policy shall be waived
or altered except by endorsement signed or initialed by an authorized official of the Insurer and issued in
accordance with the provisions of Section 50 of the Insurance Code, as amended.

For your own protection you are requested to read this policy in full, including its conditions, and if it is not
in accordance with your intentions, please return it immediately for correction.

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POLICYSCHEDULE

Policy Number : SPF2022-0126-0001-00 Issue Date : January 26, 2022

Replacing C/Note No. : Premium Invoice No. :
Replacing Policy No. : Official Receipt No. :
Agency Code :
Insured’s Name & Address:
Total Premium : AS AGREED
SHOPEE PHILIPPINES &/OR Doc. Stamp : AS AGREED
CLIENTS AND CUSTOMERS VAT : AS AGREED
Local Gov’t Tax : AS AGREED
Other Charges : AS AGREED

Total Amount Due : AS AGREED

=============

TERM OF : (a) From 12:01 a.m. AS AGREED Both days included

INSURANCE To 12:01 a.m. AS AGREED
(b) Any subsequent period for which the Insured shall pay and the Company
shall agree to accept a renewal premium

AMOUNT COVERED : AS AGREED

RATE : AS AGREED
DEDUCTIBLE : AS AGREED

DESCRIPTION OF PROPERTIES: AS AGREED

In Witness whereof the Undersigned being duly authorized by the Insurer and on behalf of the Insurer
has/have hereunto set his/their hand(s) this

WARRANTIES, CLAUSES AND ENDORSEMENTS:

Notwithstanding any contrary provision in this Property Floater Policy (including the “Theft Exclusion
Clause” in the General Conditions and items 6)d. and 20) of the “Property Floater Special Conditions and
Warranty”), this Property Floater Policy shall extend to cover Robbery &/or Burglary – armed robbery or thru
an irresistible force or with violent and forcible entry of or followed by violent and forcible exit from the
premises.

For and on behalf of:

ETIQA LIFE & GENERAL ASSURANCE PHILIPPINES, INC.

Authorized Signatory

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Warranties, Clauses and Warranties:
(Attached and forming part of SPF Policy Number SPF2022-0126-0001-00

PROPERTY FLOATER SPECIAL CONDITIONS AND WARRANTY

It is agreed and understood that this insurance does not cover any loss or damage, directly or indirectly
occasioned by or through or in consequence of:

1) Unexplained or mysterious disappearance;

2) Shortages revealed at any stocktaking, or shortages due to clerical or accounting error;
3) The insured property being left in any public utility conveyance;
4) Whilst on board watercraft or aircraft;
5) Any dishonest, fraudulent tricks or device or other false pretense by the Insured or his
representative;
6) Losses or damages that occur directly or indirectly as a.result of:
a. Riots, Strikes and Riots;
b. Hurricanes and typhoons, tidal waves and floods;
c. Earthquakes, volcanic eruptions and tsunami;
d. Burglary – theft accompanied by violence.
7) Losses or damages that occur directly or indirectly through or as a result of wars, invasions, acts
of enemy aliens, feuds (either with the announcement or announcement of war) or other similar
incidents.
8) Losses or damages that occur directly or indirectly through or as a result indirectly through or as a
result of confiscation, nationalization or expropriation or destruction or damage to property by / or
under the orders of the government of any local public authority.
9) Losses or damages that are directly or indirectly caused by use, gradual decline in the quality of
functions due to use, damage caused by animals or animals, damage due to the nature of the
goods themselves, mold damage, discoloration, damage or loss due to rust or corrosion, and
impairment.
10) Loss or damage caused by direct or indirect by or arising from radioactivity, explosive properties,
or other dangerous properties of nuclear fuels (including fusion or nuclear fission reaction
materials).
11) Losses or damage arising from errors and/or intentional actions of the Insured, members of the
Insured's family and people who work for the Insured.
12) Losses or damage caused by errors and/or intentional actions or negligence by other people who
have an interest in receiving claims.
13) Loss or default damage from property that becomes and is the responsibility of the manufacturer
(factory warranty).
14) Losses or damage to additional parts or accessories from manufacturers, sellers or others
15) Any legal liability for third parties that may arise from insured property.
16) Further losses as a consequence of loss or damage to the insured property.
17) Loss or damage caused by a lack of caution, carelessness including when insured property is in
repair, cleaning, maintenance, or other work by other Parties other than the Insured.
18) Losses or damage caused by short circuit of electric current or jumps of sparks from excessive
electric current, or electrical / mechanical damage, namely the phenomenon of electricity or engine
damage inside or on the property itself.
19) Loss, damage or loss of insured property caused by fraud or hypnosis.
20) Losses for loss of insured property caused by forgetfulness, loss of memory or just disappearing
including robbery and theft.

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 21) Loss of any data/information or any software/programs downloaded into Mobile Phone, Tablet,
Laptop, PC, Console game, and all electronic goods with computer.
22) The Insured does not activate the insurance.
23) The Insured, the Insured family members and people working on the Insured try to repair the
hardware themselves (hardware) or systems (software) of electronic goods.

COVER FOR MOBILE & PORTABLE EQUIPMENT OUTSIDE OF THE PREMISES

It is agreed and understood that this insurance extends to include loss or damage to the insured property
as specified in the Schedule of the Policy whilst stationary or in transit anywhere within the Philippines,
subject always to the terms and conditions of this Policy. It is expressly warranted that the coverage of
insured property will be suspended whilst on board aircraft, vessels or watercraft.

POLITICAL RISK EXCLUSION CLAUSE

This policy shall not respond to losses due to the following: Any loss or damage occasioned by or through
or in consequence, directly or indirectly, of any of the following occurrences, namely:
1. War, invasion, act of foreign enemy, hostilities or war like operations (whether war be declared or
not), civil war;
2. Permanent or temporary dispossession resulting from confiscation, commandeering or requisition
by any lawfully constituted authority;
3. Mutiny, civil commotion assuming proportions of or amounting to a popular rising, military rising,
insurrection, rebellion, revolution military or usurped power, martial law or state of siege or any of
the events or causes which determine the proclamation or maintenance of martial law or stage of
siege.

TERRORISM EXCLUSION CLAUSE

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed
that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly
caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event
contributing concurrently or in any other sequence to the loss.

For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use
of force or violence and/or the threat, of any person or group(s) of persons, whether acting alone or on
behalf of or in connection with any organization(s) or government(s) committed for political, religious,
ideological, or similar purpose including the intention to influence and/or to put the public, or any section of
the public, in fear.

This endorsement also excludes, loss, damage, cost or expense of whatsoever nature directly or indirectly
caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or
in any way relating to any act of terrorism. If the Insurer allege that by reason of this exclusion, any loss,
damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon
the Insured.

In the event any portion of this endorsement is found to be invalid or unenforceable the remainder shall
remain in full force and effect.

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