QUOTATION

Date: May 03, 2024

Project: BGWEST
Ref. No.: ALQ_24_000001
Page: 1 of 4
Customer: BGWest Properties, Inc.
Bonifacio High Street C2 Building , 7Th Avenue, Taguig City, Metro Manila

Attention: Engr. John Michael G. Abadingo

Subject : Supply of Display, Louver Horizontal, Panel Assembly and Grille of Air Inlet Assembly for RAS-M13S3KCV
& RAS-24N3KCV

Dear Customer,
We, CONCEPCION-CARRIER AIR CONDITIONING COMPANY (“CCAC”), are pleased to submit for your consideration this Quotation:
I. COMMERCIAL TERMS
Item No. Unit Price Quantity Stock Net Price
1 Louver Horizontal 43T09409 PHP 400.00 1 Pcs 0 400.00
2 Panel Service Assy: 43T00636 PHP 3,300.00 1 Pcs 0 3,300.00
3 Grille Air Inlet: 43T09495 PHP 1,300.00 1 Pcs 0 1,300.00
4 Lvr Horiz 43T09040 PHP 500.00 1 Pcs 0 500.00
5 Front Panel Assy 43T00597 PHP 3,900.00 1 Pcs 0 3,900.00
6 Grille of Air Inlet 43T09471 PHP 2,100.00 1 Pcs 0 2,100.00

-
Total Price Amount (VAT Inclusive) PHP 11,500.00
Special Discount (15%) PHP 2,700.00
Total Discounted Price Amount (VAT Inclusive) PHP 8,800.00

Payment Terms: '100% payment first unless w/ approved payment terms

Parts Availability: As of quoted date, no available stocks at Cabuyao, Laguna warehouse.

Leadtime approximately 120-180 days upon receipt of PO & clearance of payment. There should be
no overdue receivable(s) before delivery of new order(s).
Exclusions:
1. Supply of water and electric power needed for the delivery.
2. Supply of work and parts not mentioned or related to the work.
3. Equipment delivery area will be evaluated first in accordance with CARRIER'S EH&S (Safety) Policy.
4. Customer shall provide and coordinate safety passes and permits for all CARRIER personnel and vehicle.
5. Labor cost is not included in this quotation and quoted seperately upon request.

The Quotation is based on information available to us on the date indicated above, and is valid for 30 days unless earlier
withdrawn. Thank you for your consideration. We look forward to receiving your order.
For and on behalf of
CONCEPCION-CARRIER AIR CONDITIONING CO. Accepted:

By:
JAN KENNETH BALUYOT - Service Sales Engineer Customer's Name and Signature
Commercial & Industrial Solutions

Noted by:
JACKSON SALAPANG - Service Sales Head Title/Designation and Date
Commercial & Industrial Solutions

CONCEPCION-CARRIER AIR CONDITIONING COMPANY

Km. 20 East Service Road, South Superhighway, Muntinlupa City, Philippines – 1700
Tel.: (632) 850-1367; 809-1882 Fax: (632) 809-9857; 809-9979
 DATE : July 28, 2023
PROJECT : BGWEST
REFERENCE NO. : ALQ_23_003377
Page : 2 of 4

II. GENERAL TERMS AND CONDITIONS

1. Interpretation
1.1. These General Terms and Conditions form an integral part of Concepcion-Carrier Air Conditioning Company’s ("CCAC") Quotation, and will apply to all
equipment, goods, or services (the “Products”) manufactured, sold, delivered or rendered by CCAC directly to you, except for Periodic Maintenance Works. As
used herein, the term delivery shall, for CCAC services, mean rendition or performance.
1.2. These General Terms and Conditions will be deemed modified to the extent only that any of its provisions are inconsistent with a specific provision in the Commercial
Terms of the Quotation or in our contract.
1.3. CCAC renounces any term, condition or reservation which may accompany your offer, acceptance or order.
2. Validity and Acceptance
2.1. This Quotation is an invitation for you to make an offer to buy, which invitation is valid for 30 days unless earlier withdrawn.
2.2. CCAC will consider you to have made an offer to buy based on the terms of this Quotation if, during the validity of the Quotation, you:
2.2.1. sign your acceptance on the Quotation;
2.2.2. issue a Purchase Order, Notice to Proceed, Letter of Award, or any equivalent document; or,
2.2.3. receive any of the Products described in this Quotation
2.3. Your offer will become a binding contract only upon (i) CCAC’s written acknowledgment, and (ii) CCAC’s acceptance of your full or partial payment for any of such Products
unless such prior payment is waived by CCAC. If CCAC issues a qualified acknowledgment or acceptance, your receipt of any delivery or payment of any part of the
purchase price will be considered as your conformity to the qualified acknowledgment or acceptance, unless CCAC receives a timely written advice from you to the contrary.
3. Price
3.1. The quoted prices are based on information available to us and on factors prevailing on the date of this Quotation, such as the rate of exchange, duties and taxes, the cost of
freight, insurance, materials and labor, and government policies, etc., as well as information you provided before the date of this Quotation.
3.2. Unless otherwise indicated in the Commercial Terms of this Quotation, all prices are exclusive of VAT, duties and other applicable taxes, all of which are for your account.
3.3. Unit prices quoted are non-severable and are valid only for the quantities indicated.
3.4. The prices quoted may not be utilized as basis for pricing similar, repeat, or subsequent orders.
3.5. Unless the quoted price is in US Dollars, the Contract Price will be automatically and proportionately adjusted if:
3.5.1. CCAC is obliged to make delivery no earlier than six (6) months from your order or offer to buy
3.5.2. the Philippine Peso depreciates by more than ten percent (10%) against the US Dollar any time before delivery.
4. Payment
4.1. Unless otherwise stated in the Commercial Terms of this Quotation, you agree to pay at CCAC’s offices based on the following terms and without need of demand:
Product % of Price Mode of Payment Due Date
Equipment 100% irrevocable letter of credit at sight Upon presentation of shipping documents
Goods 100% check, telegraphic transfer, or direct credit to bank account Upon your offer to buy or your acceptance of this Quotation
Installation 50% check, telegraphic transfer, or direct credit to bank account Upon your offer to buy or your acceptance of this Quotation
Other Services 50% check, telegraphic transfer, or direct credit to bank account Monthly progress billing payable 30 days from receipt of invoice
4.2. If the Commercial Terms of this Quotation allows for progress billing for equipment or goods, we will bill you monthly based on Products delivered.
4.3. Unless an earlier period for payment is required in this Quotation or agreed upon, all Sales Invoices are payable within thirty (30) days from receipt. Time is of the
essence of all payment terms. Timely deliveries are dependent on your timely payments.
4.4. In case you fail to pay on time or to comply with the terms of this Quotation, or in case CCAC has reasonable ground to believe that you have become or will become
insolvent, CCAC may do any or all of the following:
4.4.1. If you fail to pay any amount due prior to delivery, CCAC may cancel or suspend said delivery or any subsequent deliveries. In such case, you will be
responsible for all costs and damages resulting from the delay in payment and the cancellation or suspension of delivery.
4.4.2. If CCAC agrees to full or partial payment after full or partial delivery of any Product, and your delay exceeds 30 days from the due date indicated in this
Quotation or from receipt of invoice, whichever comes first, CCAC may:
4.4.2.1. Charge you interest at the prevailing highest commercial rate charged by Bank of the Philippine Islands, plus a premium of 2% per month compounded
with the principal amount and accrued interests, as well as attorney's fees equivalent to 25% of the total amount due, and all costs of collection; and,
4.4.2.2. Cancel or suspend orders or deliveries under this or any other contract which CCAC may have with you, and demand immediate payment of any or all
payments due and outstanding under such contracts.
4.4.3. Forfeit any payment already made
4.4.4. Charge you for all damages, penalties & expenses incurred by CCAC as a result of the delay in payment
4.4.5. Institute any recovery process, at your expense
4.5. CCAC’s Sales Invoice and its supporting documents will be deemed final and undisputable if CCAC does not receive a written dispute within 10 days from receipt. In any
case, you agree to pay any undisputed amount within the same due date.
4.6. Payments made by check will be deemed to have been made only when the check is cleared by the drawee bank.
4.7. You agree not to unilaterally set-off any claim that you may have against CCAC from any amount that CCAC may owe you.
5. Delivery and Acceptance
5.1. The delivery lead time indicated in the Commercial Terms of this Quotation is to be reckoned from CCAC’s receipt of full payment (or down payment, if partial payment
is allowed) or letter of credit, as the case may be.
5.2. CCAC will deliver at the delivery site any time before the lapse of the lead time.

This Quotation is private and confidential and is intended only for the recipient named above. If you are not the intended recipient named above, please do not
use or copy but instead destroy, permanently delete, or return this to CONCEPCION-CARRIER AIR CONDITIONING COMPANY immediately.

CONCEPCION-CARRIER AIR CONDITIONING COMPANY

Km. 20 East Service Road, South Superhighway, Muntinlupa City, Philippines – 1700
Tel.: (632) 850-1367; 809-1882 Fax: (632) 809-9857; 809-9979
 DATE : July 28, 2023
PROJECT : BGWEST
REFERENCE NO. : ALQ_23_003377
Page : 3 of 4

5.3. You agree to accept such delivery at the delivery site indicated in Part. I of this Quotation, and any time within the said lead time or within 10 days from your receipt of
notice that the Products are ready for delivery, whichever comes first.
5.4. CCAC may either (a) withhold or defer delivery, and store the Products meanwhile, or (b) change the delivery site, in any of the following cases, and at your sole risk and expense:
5.4.1. If you so request
5.4.2. If the delivery site is not ready or is unsafe for person or property
5.4.3. If you fail to accept delivery
5.5. If the delivery is deferred, suspended or delayed in whole or in part for more than 30 days for any cause not directly and solely caused by CCAC you agree to compensate
CCAC for all expenses and losses in connection with the deferment, suspension or delay, but in no case lower than 1/10 of 1% of the Contract Price for each day up to a
maximum of 10%. Should the deferment, suspension or delay exceed 30 days, CCAC reserves the right to cancel the contract and dispose of the Products in any way
it deems fit. Notwithstanding the foregoing, in case of delay in the release of the equipment from customs authorities for reasons not attributable to CCAC, any costs, including
demurrage charges, shall be for your account.
5.6. For invoicing, payment and all other purposes, delivery of a Product shall be deemed made, and title and risk shall pass to you, upon whichever of the following first occurs:
5.6.1. Your actual receipt of the Product, or arrival of the Product at the delivery site, except as provided below:
5.6.2. The original delivery date – if delivery has been deferred or withheld for causes not attributable to CCAC
5.6.3. Upon arrival of the Product at any port in the Philippines – if the transaction is covered by a letter of credit, or if you have elected to handle the release of the
Product from customs authorities
5.6.4. Upon loading of the Product on the carrier – if the carrier is elected by you
5.7. You will be responsible for the protection and security of the Products from the time of such delivery, regardless of whether CCAC retains or reacquires possession
of the Products, as well as for the safety, protection and security of our personnel, equipment and materials at the project site.
5.8. Delivery may be made by instalments, and you agree to pay for such instalments if the same is separately invoiced, without regard to the delivery of subsequent
instalments. Partial delivery of an order will not invalidate the balance of an order.
5.9. All Products shall be deemed to have been delivered in good order and condition and in compliance with your order, unless the defect or non-compliance is (i) not readily
apparent upon visual inspection, and (ii) noted and specified by your authorized representative on the delivery receipt, freight bill or bill of lading.
5.10. If you have elected to handle the release of the Products from customs authorities or elected your own carrier for the delivery of the Products, and the Products or a portion
is lost or undelivered, you agree to send written notice to CCAC within 10 days from the scheduled date of arrival or loading of the Products, as the case may be. Otherwise,
you will be deemed to have received the same, and may not withhold payment on the basis that the Product was lost or undelivered.
6. Exclusions
6.1. Unless otherwise expressly stated in the Commercial Terms of the Quotation, CCAC will not be responsible for:
6.1.1. Pipings, joints, fittings, switches, external controls, circuit breakers, electrical and control wirings, hangers and brackets, external vibration isolators, suction and
discharge guages, lighting, electricity, water, sewer and drain connections, foundations and structural supports, scaffolding, etc.
6.1.2. Unloading, hauling, rigging, positioning, or installation of the Products and its accessories
6.1.3. Opening and sealing of walls, floors and ceilings for all air ducts and pipes
6.1.4. Permits, license, taxes, duties fees, utilities and other charges in connection with the sale, delivery, storage, security and protection of the Products or any
of the foregoing items
6.1.5. Other items not included in the Commercial Terms or excluded elsewhere in this General Terms and Conditions.
7. Dimensions, Performance Data and Other Descriptive Details
7.1 Photographs, drawings, illustrations, weights, dimensions and any other particulars accompanying, associated with or given in the Quotation, descriptive literature or
catalogue are not part of the Quotation.
7.2. CCAC may make changes in the construction and/or design of the Products, provided these are within the agreed design parameters, and such changes shall not affect
your obligation to accept the same or an equivalent model.
8. Change Orders and Cancellation
8.1. Any change in the delivery or completion schedule (whether compression or extension), or the specifications or quantities (whether deduction or addition) of the Products,
any order for a Product not included in the Quotation or contract, or cancellation of any order, made or ordered by you will be considered a change order and will be
subject to these General Terms & Conditions.
8.2. CCAC will honor a change order as long as all the following conditions are met:
8.2.1. Your order is in writing and received by CCAC within 7 days from your order or offer to buy.
8.2.2. You agree to CCAC’s proposed change in the price and delivery dates, as well as all reasonable charges for the change order, taking into account all costs and
expenses incurred, purchases or contract commitments made, by CCAC, and all other expenses, losses or damages arising from the change order, including
reasonable profit.
8.3. CCAC may, at your risk and expense, suspend any or all deliveries after receipt of a change order.
9. Start-up, Testing and Commissioning
9.1. You will provide at no cost to CCAC all utilities such as water and electricity, and other provisions, necessary and incidental to start-up, testing & commissioning
9.2. Testing shall be in accordance with CCAC’s testing procedures and standards.
9.3. If it is found from tests that the Products do not conform to our contract, CCAC will remedy the same within a reasonable time.
9.4. CCAC will not start-up, test or commission the Products (a) beyond its warranty period, or (b) if its installation or the materials used for installation, does not conform to
CCAC standards, unless the installation and the supply of the said materials were undertaken by CCAC or its authorized installer.
9.5 CCAC reserves the right to void the warranty of the equipment if the start-up, testing or commissioning is undertaken by anybody other than CCAC.

This Quotation is private and confidential and is intended only for the recipient named above. If you are not the intended recipient named above, please do not
use or copy but instead destroy, permanently delete, or return this to CONCEPCION-CARRIER AIR CONDITIONING COMPANY immediately.

CONCEPCION-CARRIER AIR CONDITIONING COMPANY

Km. 20 East Service Road, South Superhighway, Muntinlupa City, Philippines – 1700
Tel.: (632) 850-1367; 809-1882 Fax: (632) 809-9857; 809-9979
 DATE : July 28, 2023
PROJECT : BGWEST
REFERENCE NO. : ALQ_23_003377
Page : 4 of 4

10. Warranty
10.1. THE WARRANTY GIVEN BELOW EXCLUDES, AND IS IN LIEU OF, ALL OTHER WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, INCLUDING
WARRANTY OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
10.2. CCAC warrants to you as original buyer, or to the end-user duly designated by you prior to delivery, that the Products will be free from material defects in workmanship under
normal use and service for a period of ONE (1) year from the date of commissioning, but in no case beyond EIGHTEEN (18) MONTHS from delivery. In cases where the
installation is undertaken by CCAC, the latter period will be extended if the installation is delayed due to CCAC’s fault, but only to the extent of such delay. Notwithstanding
the foregoing, the warranty for service or parts sold independently from an equipment shall be THREE (3) MONTHS from completion of the service or installation of the parts,
as the case may be, provided that the warranty for parts shall only apply to those installed by CCAC or any of its authorized installers.
10.3. In case of breach of the above warranty, and as long as written notice of the defect is received by CCAC within 10 days from discovery, CCAC will, at its option and
within reasonable time:
10.3.1. Repair the defective Product
10.3.2. Replace the defective Product with the same or equivalent specifications
10.3.3. Pay you for the replacement cost of the Product.
10.3.4. Return the Contract Price so far paid for the defective Product.
10.4. You agree to assist CCAC in verifying and correcting the defects by providing access to the defective Product, and placing the necessary personnel and facilities at CCAC’s
disposal.
10.5. The repair or replacement of any defective Product will not extend or renew the Warranty Period.
10.6. The warranty does not cover the following items; nevertheless, CCAC may provide them at your request and for your account:
10.6.1. All costs arising from conditions that make the defective Product unusually inaccessible or otherwise difficult to repair or replace
10.6.2. Removal of the defective Product, and delivery or installation of a replacement product or part
10.6.3. Plastic parts and consumable items such as strainers, driers, belts, plastic, glass, or refrigerant, and lubricating oil
10.7. The warranty for each Product will be void:
10.7.1. If the Product is (i) misused, abused, neglected, or altered, or (ii) subjected to incorrect, abnormal, or unstable electrical supply; (iii) not properly stored,
installed, operated or maintained in accordance with CCAC standards, or is not maintained or stored at all, (iv) exposed to the elements, or to any
corrosive or erosive liquids or gases;
10.7.2. If the Product is placed or installed in a harsh environment (i.e. sea-going vessel, port area, power plant, chemical laboratory, kitchen, etc.), or installed in a manner
inconsistent with the Product Manual, CCAC’s recommended application or system design, and good engineering service practices or standards, unless the
installation was done by CCAC; or, in the case of direct expansion commercial/resedential split equipment, installed by any one not duly accredited by CCAC.
10.7.3. If the Product is opened, dismantled, disassembled, or reassembled by anyone other than a CCAC accredited technician
10.7.4. If any seal, nameplate or any identifying information attached to or embedded in the Product, base unit, or component is missing, illegible, or appears to have
been tampered.
10.8. You acknowledge that you have not relied solely upon any advice given by CCAC in relation to the suitability of the Products for any purpose.
10.9. CCAC makes no guarantee that the Products will be (a) explosion proof or (b) suitable for installation or use in high risk environments such as oil and gas operations.
11. Liability
11.1. In case CCAC is unable to deliver on time without any justifiable reason, you may charge CCAC liquidated damages equivalent to not more than 1/10 of 1% of the
Contract Price of the delayed or undelivered portion of the Contract per day, up to a maximum of ten per cent (10%) of the Contract Price, this liquidated damages being
CCAC’s only liability in such case.
11.2. CCAC will not be liable for any loss, damage or delay arising from fortuitous events (occurring locally or elsewhere), such as government acts, labor disputes, fire,
explosion, theft or robbery, weather, flood, earthquake, riot, civil commotion, war, trade embargo, sabotage, mischief or act of God.
11.3. CCAC will not be liable for consequential or any other damages, or for losses or diminution of revenue, data, power, production, use of the Products, etc.,
whether based on law or equity.
12. Miscellaneous
12.1. Any assignment of this Quotation or contract without CCAC’s prior written consent will not be binding on CCAC.
12.2. CCAC retains ownership of all plans, drawings, technical specifications, data, and other intellectual property. CCAC does not grant any right or license to any intellectual
property owned by or licensed to it. Where software is included in a Product, CCAC will grant you a non-exclusive and non-transferable license to use it for the operation
or maintenance of the Product; you will not modify, reverse engineer or duplicate the software, except that you may make one copy only for back-up purposes.
12.3. You agree to keep confidential this Quotation and all plans, drawings, technical specifications, data, and information relating to the Products, and to use them only for our
transaction, and for the proper operation and maintenance of the Products, as the case may be.
12.4. CCAC adheres to strict Environmental, Health, Safety and Security Policies. CCAC reserves the option to suspend or cancel any work, or adjust the Contract Price if,
in its reasonable judgment, the commencement or continuance of work would compromise the safety or security of any person or property or damage the environment.
CCAC will bear any risk or expense directly caused by the resultant delay if the same was necessitated solely by CCAC’s fault.
12.5. CCAC subscribes to high ethical standards in dealing with customers and business partners. As a matter of policy, CCAC will not give, nor promise to give, any sum of
money, gift, favor or consideration to any person for the purpose of securing your acceptance of this Quotation or any of its terms. If you become aware of any circumstance
that any employee or business partner of CCAC is engaged in unethical conduct, please let us know immediately at http://www.ccac.com.ph/dialog/ or at
(+63917) 5586-714.
12.6. The interpretation and enforcement of our contract will be governed by Philippine laws. In case we do not agree on any matter regarding our contract, we will first attempt
to resolve the dispute through friendly consultations. If we do not reach a settlement, we will refer the dispute to the Construction Industry Arbitration Commission for arbitration.
-- NOTHING FOLLOWS --

This Quotation is private and confidential and is intended only for the recipient named above. If you are not the intended recipient named above, please do not
use or copy but instead destroy, permanently delete, or return this to CONCEPCION-CARRIER AIR CONDITIONING COMPANY immediately.

CONCEPCION-CARRIER AIR CONDITIONING COMPANY

Km. 20 East Service Road, South Superhighway, Muntinlupa City, Philippines – 1700

Tel.: (632) 850-1367; 809-1882 Fax: (632) 809-9857; 809-9979