The parties agreed in this contract：

Party A： CHESVET STEEL CORPORATION

Representative：

Party B：EMERGING FIELDS ENGINEERING SERVICES

Representative：JOSE RIZALDY A. DE ARMAS

Upon mutual agreement, Party A decides to entrust Party B to take charge of the
installation of fire detection and alarm system project. This contract is signed for mutual
compliance in accordance with the relevant laws and regulations of the Philippines in
order to ensure the smooth progress of the project.

1．Party B's Scope of work

1.1 Name of Project： PROPOSED CHESVET STEEL CORP. WAREHOUSE FDAS

INSTALLATION

Location of Project：MEXICO, PAMPANGA

1.2 The scope of fire protection project contracted by Party B：Supply and installation of
fire detection and alarm system (FDAS). The construction of building including the
warehouse is around (10,000) square meters.
Contracting methods: contracting labor, materials, contracting period, quality of
contracting, safe and civilized installation, testing and commissioning.
2．Contract price
Total project price in Philippine Pesos 1,453,000.00 (excluding tax)

The total price of the project includes engineering materials, labor costs, machinery
costs, management costs, safety construction costs, garbage/debris cleaning costs.

3．Project payment method

3.1 Down payment. Upon signing the contract, Party A shall pay Party B 50 % of the
total contract price.
3.2 Party A shall pay 20 % after Party B's materials enter the site.
3.3. Party A shall pay Party B 20 % of the amount after the main installation work is
completed.

3.4. Party A shall pay Party B the remaining 10% of the total contract price after
acceptance.
Party B shall not be liable for any construction problems caused by Party A's failure to
pay Party B's progress payment in time.

4．Working Period：2-3 months（Except for irresistible factors）

Party B shall cooperate with Party A to complete the subcontracting scope according to
party A overall construction design. The work shall commence at most a week after the
receipt of PO and the down payment.

Party A site representative：

Tel：

Party B site representative：JOSE RIZALDY A. DE ARMAS

Tel： 09177062857

5. Construction unit qualification

BUSINESS PERMIT, BIR 2303, CONTRACTOR’S LICENSE. Party B is a a DTI registered legal
entity approved and registered by the Philippine Contractors Accreditation Board. It has
passed the latest annual inspection of the enterprise and has the qualification of engaging
 in fire detection and alarm system installation. The qualification level meets the
requirements of this construction. Party B shall show party A the BUSINESS PERMIT, BIR
2303, CONTRACTOR’S LICENSE before signing this contract.

6．Party A’s obligation

6.1 It is necessary to deliver the construction site with commencement conditions to Party
B;
6.2 Supervise, inspect and accept of project quality；
6.3 Coordinate on-site working relationship and provide the main wire to connect to the
fire controller.
6.4 Party A shall be responsible for the fire extinguisher, fire door, fire staircase, evacuation
instruction and emergency lighting.

7．Party B’s obligation

7.1 Appoint JOSE RIZALDY A. DE ARMAS as Party B site supervisor to be responsible for
the performance of this contract;
7.2 Ensure the project quality up to standard according to design drawings and
construction acceptance specifications; implement safety measures to ensure
construction safety; strengthen site management, coordinate with other units on
site, take care of the overall situation;
7.3 Plan the stacking materials and tools in a unified manner according to the
requirements of Party A, set up signs according to the requirements of the
standard site, and manage the living area. Party B shall cooperate unconditionally
if Party A requires that the temporary processing site must be moved;
7.4 Protect the buildings, structures, and finished works around the construction site
well.
7.5 Implement all kinds of work of the construction management and be responsible to
the employer for the construction period and quality of the project;
7.6 Party B shall be liable for any disputes arising from labor service, including the liability
expenses caused by labor accidents and viruses.

8．Quality inspection and acceptance

 8.1 Party B shall cooperate with Party A and the supervision unit of the construction party
to enter Party B's construction site to inspect the quality of the construction
process;
8.2 Party B shall act according to the opinions of Party A If any quality problems are found
during the completion acceptance, and both parties shall agree on the repair
period according to the quantity of repair works.

9． Warranty responsibility
Party B promises to guarantee the project for one year from the completion date.
Improper use, artificial damage and damage caused by non-engineering quality reasons
are not covered by warranty.

10. Liability for breach of contract

The party shall pay 30% of the total contract amount as penalty to the other party if the
party cancels the contract without authorization during the performance of the contract
after the contract comes into effect. Compensation shall be made if the actual loss
caused by the other party exceeds the penalty due to the unauthorized termination of
the contract.

11. Other Matters

Party B shall carry out the construction in strict accordance with the provisions of the
subcontract and the requirements of Party A. Party A has the right to require Party B to
take rectification measures and speed up the construction progress if the construction
progress and quality of Party B obviously cannot meet the requirements of the
subcontract and Party A. Party B shall take various measures to meet the requirements
of Party A.
Party B shall remove them according to Party A's requirements if Party A requires the
temporary facilities built by Party B during the construction to be removed and clean up
the construction site to Party A's satisfaction.

12. Change and termination of contract

Both parties must strictly abide by it after the contract is signed by both parties, the
supplementary agreement shall be signed again after both parties reach consensus
through negotiation if either party needs to change the contents of the contract.
 The contract shall take effect from the date of signing by both parties and shall be
terminated after Party A pays off the balance of the subcontract project after the
completion of the subcontract project.

This contract is made in two originals with the same legal effect, one of which shall be
kept by Party A and Party B respectively.

Party A： CHESVET STEEL CORPORATION

Representative:
Sign：_____________________

Date of Sign:

Party B： EMERGING FIELDS ENGINEERING SERVICES

Representative: JOSE RIZALDY A. DE ARMAS
Sign：_____________________

Date of Sign: October 19, 2023

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

Dasmariñas, Cavite ) S.S..

BEFORE ME, a Notary Public for ________________________________ this day of

_______________, 2023 , personally appeared:

Name Com Tax Cert No Date/Place issued

Jose Rizaldy De Armas

known to me be the same persons who executed the foregoing instrument and
acknowledged to me that same is their free act and deed as well as the corporate act and
deed of the corporation which they represent.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date
and at the place first written above.

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