REPUBLIC OF THE PHILIPPINES)

CITY OF ) S. S.

AFFIDAVIT OF UNDERTAKING

I, _______________________of legal age, resident of

________________________________________ after having been subscribed to an oath, depose and
state that:

1. I am an Investment Consultant with an account in _______________________________ - a

domestic corporation with postal address at
_____________________________________________, organized under the Philippines Laws, a
a duly-registered corporation under the Securities and Exchange Commission;

2. As per Agreement on xxx referred to as the Aggreement / Contract entered on September 28,
2020 between myself as “Fund Receiver” and (company) with business address at
________________________________________, as the Fund “Investor / Sender,” I will be
receiving through ___________________________________, an amount of TEN MILLION
EUROS (€10,000,000.00) through SWIFT MT-103 Cash Transfer in behalf of (name) for the
purpose of execution of (purpose);

3. The total face value is TEN MILLION EUROS (€10,000,000.00);

4. Procedure:

a. Sender sends tranches between 9:30 am – 12:45 pm, from Monday to Friday;
b. Sender sends transmittal slip to __________________________________ as proof of
remittance (and to credit the account);
c. Fund is traded upon bank clearance assuming it is between 9:30 – 12:45 pm. Fund will be
traded in Pesos and converted back to Euros after the trade as per instruction;
d. T+4 system to give an allowance given the quarantine restrictions. T (Trade) upon receipt and
clearance of funds between 9:30 am – 12:45 pm +4 banking days.

NOTE:
i. Need schedule of tranches in advance.
ii. We can trade a maximum of TWENTY MILLION US DOLLARS ($20,000,000.00) a day,
three (3) times a week for a total of SIXTY MILLION US DOLLARS ($60,000,000.00) a
week.
iii. Any amount in excess of SIXTY MILLION US DOLLARS ($60,000,000.00) per week will
need three (3) to five (5) days additional processing time.

5. Upon said investment is credited to my account, I am legally obliged and mandated to transmit
the total of Fifty Percent (50%) of the total investments received to the account of the Receiver’s
Mandate  and Intermediaries paid per tranche as stated in the Partnership Agreement as form of
payment for their  professional services that they rendered (inclusive of bank fees);

6. The names and distribution of Paymasters/Beneficiary/Authorized Representative is as follows:  

  a. Sender’s Mandate (50%)  
  Beneficiary Name:  
  Bank Name:  
  Account Number:  
  
b. Receiver’s Mandate (45%)  
 Paymaster/Beneficiary Name:
  Bank Name: ℅ Wealth Securities Inc.  
  Account Number:  

c. Intermediaries (5%)  
  Paymaster/Beneficiary Name:  
  Bank Name: 
  Account Number:  

7. The duration of Cash Transfer will be maximum of Three (3) weeks, more or less, subject to the:
(a)  volume of client transactions vis-a-vis our weekly limits; and (b) occurrence of circumstances
beyond the  control of the undersigned affiant; 

8. I hereby deem and declare that this contract is a valid, binding and legally enforceable
instrument;  

9. I likewise declare and assume full and complete legal responsibilities for all consequences which 
may arise if this contract will be breached and will not materialize. Said legal responsibilities
only arise  provided the other parties fully and completely comply with the subject prescribed
procedures and  instructions. Further, undersigned cannot be responsible if the Investor/Sender
doesn’t send or sends more  than the prescribed limits (i.e. 100M) and gets frozen by AMLA.
Furthermore, undersigned affiant shall not  be responsible for any failure or delay in the
performance of his obligations under this Undertaking/ Agreement arising out of or caused,
directly or indirectly, by circumstances beyond his reasonable control,  including without
limitation, acts of God, earthquakes, fires, floods, wars, civil or military disturbances,  sabotage,
epidemics, riots, interruptions, loss or malfunctions of utilities, computer (hardware or software)
or  communication service, accidents, labor disputes, acts of civil or military authority, or
governmental actions; 

10. That I execute this Affidavit of Undertaking in good faith and for the purpose of transparency and
security  of all the parties concerned.  

In witness whereof, I hereby set my hand this _____th day of September, 2020, in the City of
__________________________, Philippines.

ACKNOWLEDGMENT 

SUBSCRIBED AND SWORN to before me this 4th day September, 2020. Affiant and the rest of
the  parties exhibited to me their Government Issued Identification as follows:  
  
  
NAME GOVERNMENT ISSUED ID PLACE ISSUED
  
known to me and to me known to be the same persons who executed the foregoing instrument and 
acknowledged to me that the same are their free act and voluntary deed. 

This instrument, consisting of three (3) pages, including the page on which this acknowledgment is 
written, has been signed on the left margin of each and every page thereof by the concerned parties  and
their witnesses, and sealed with my notarial seal.  

Doc No._________; 
Page No. ________; 
Book No.________; 
Series of 2020.