AE Metrocycle World Corporation NOTICE TO PROCEED March 10, 2021 Mr. Gilberto Bermardo Landayan GBL-R Builders Design and Trading 388 Aquino St. Cutcut, Guiguinto Bulacan Region 3, (Central Luzon) ProjectName: — TCM STO. NINO Scope of Works: INTERIOR RENOVATION This is to nofify you to commence the INTERIOR RENOVATION of TCM STO. NINO Branch with your Official Day 1 on March 15, 2021. Contract Duration is FORTY FIVE (45) working days excluding Sundays and Holidays with the Completion Date on May 5, 2021 .(Any changes on the schedule shall be agreed upon by both parties). Please be reminded that in the event the project is not completed within the aforesaid period of time at no fault to Metrocycle World Corporation, Metrocycle World Corporation,. is entitled and shall have the right to deduct from any sum to become due to GBL-R Builders Design and Trading the amount equivalent to 1/10 of One Percent of the Agreed Coniract Amount for every working day of delay as LIQUIDATED DAMAGES. and not by way of penalty.AE Metrocycle World Corporation The Agreed Contract Amount isT EIGHT HUNDRED FIFTY THOUSAND PESOS ONLY {PH 850,000.00 ) INTERIOR RENOVATION OF TCM STO. NINO Php 850,000.00 GRAND TOTAL Php 850,000.00 Please acknowledge receipt and acceptance of this notice by signing both copies in the space provided below. Keep one copy and retumn the other to. Metrocycle World Corporation. Signed: Engr. John Matthew Ang f. Gilberto Bernafao Landayan Assistant Project Manager GBL-R Builders Design and Trading