CONTRACT FOR SECURITY SERVICES

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT made and entered into this 16th day of September 2017 a Cagayan de Oro City
Philippines

BY AND BETWEEN:

LAND TRANSPORTATION FRANCHISING AND REGULATORY BOARD (LTFRB Region 10), duly organized and
existing under the laws of the Philippines, with office address at LTFRB Bldg. Zone 1, Bulua, Cagayan de
Oro City, represented by its General Manager, (LTFRB R10 Director MANDANGAN P. DARIMBANG CESO
V, hereinafter referred to as CLIENT.

-AND-

AJG SECURITY SERVICES, a single Proprietorship, duly created, organized and existing under the laws of
the Republic of the Philippines, having a principal office address at Cammanan, Cagayan de oro city,
represented by its General Manager, ERIC ALCANTARA, hereinafter referred to as the AGENCY.

WITNESSETH THAT:

WHEREAS, the CLIENT is in need of security services to guard and provide security at its offices, buildings
and/or premises at LTFRB R10 Zone 1 Bulua Cagayan de Oro City;

WHEREAS, for financial consideration it is mutually agreed upon by the parties that the AGENCY will
safeguarded and protect the CLIENTS personnel and properties, installation and equipment within the
said premises from injury, damage and loss arising from assault, trespass, arson, theft, robbery and
malicious mischief or other unlawful acts.

WHEREAS, the AGENCY has agreed to provide the aforementioned services to the CLIENT at the given
location and has likewise represented that it has the competent and adequate manpower and equipment
to provide the required service;

NOW THEREFORE, for and in consideration of the foregoing terms and conditions set forth hereunder, the
parties hereto hereby agree as follows:

1. The AGNECY undertakes to provide general security services in the CLIENTS premises described
in the WHEREAS CLAUSES above and protect and safeguard the CLIENTSS personnel, equipment,
installation against injury, damage or loss arising from the assault, trespass, arson, theft,
investigate violations of security rules and regulations prescribed in the premises. The AGENCY
agrees to closely coordinate with the CLIENT regarding the adoption, drafting and implementation
of security measures and regulations with the premises.

2. The AGENCY shall assign post or detail three (3) security guard duly liscensed, uniformed and
armed in strategic post to be determined by the CLIENT and such guard shall perform his assigned
tasks and duties for eight (8) hours a day, including SUNDAYS and HOLIDAYS. In no case shall the
 security guard be allowed to render straight overtime duty for more than twelve (12) hours,
except if the same is undertaken at the expense of the AGENCY and with prior written approval
issued by the CLIENT.

The AGENCY shall, at its own cost and expense, provide the guard with the necessary serviceable
licensed firearms, ammunitions, night stick and other paraphernalia necessary for the
performance and conduct of the security services.

3. The AGENCY will operate independently and shall be solely responsible for any claims made by
any security guards and personnel it assigned for guard duty on the premises of the CLIENT for
unpaid wages, salaries or compensation, as the case maybe, or in connection with the provision
of the Labor Code, Minimum Wage Law, Employment Compensation Law, Social Security Act, and
such other Labor Standard Related Law decrees or Regulation (PADPAO). For this purpose, the
AGENCY hereby holds the CLIENT free from any and all claims that maybe by any security guards
and personnel in whatever form filed.

4. The AGENCY shall assume full responsibility for the acts of the security guards and shall
indemnify the CLIENT for any injury, loss, or damage to its personnel property which is attributable
to or caused by the willful and deliberate act and/or other personnel assigned by the AGENCY. In
no case shall the AGENCY be liable for loss or damage incurred or sustained by the CLIENT as a
consequence of or occasioned by force majeure or fortuitous events under Article 1174 of the
Civil Code as those events which could not be foreseen or which were inevitable that would
partially or totally binder the fulfillment of the AGENCY of its undertaking under this CONTRACT.

The parties further agree that the AGENCY shall not be liable for loss injury, damage sustained by
the CLIENT under the following circumstances;

a. In cases where the loss or damage or injury occurred inside a locked or closed
building office, room or premises in which the AGENCY or its security personnel has
no or is denied access to. Unless, it be established that a door, window or any part of
the locked building room office or premises was forcibly opened and has not
reported to the CLIENT by the guard on duty twenty-four (24) hours from the time of
the incident.

b. in cases where the loss, damage or injury arise out of war or occasioned by the
deliberate or negligent acts or omission of the employee of the client unless it is
established that such employees acted in connivance with, or personnel, in which
case, the CLIENT and the AGENCY will equally share in the loss or damage.

c. In cases involving the loss or damage of small properties items or personal

belongings which can be easily concealed, carried or hidden in the person, unless
previously and specifically placed in the custody of the attention of the guard on duty
for protection or safekeeping.

In all cases the CLIENT, shall not deduct from or withhold payment of the amount or compensation,
due to the AGENCY or from the bond posted by the latter, if any, for the value, cost of sum of any
damage or injury the CLIENT may sustain without the following conditions having been first meet.
 a. The fault, guilt, negligence of the AGENCYS guard or personnel must be
established upon reasonable investigation wherein both parties are given the
opportunity to be heard.

b. The value, expense or cost of the damage or injury has been ascertained by mutual
agreement of the parties.

5. The CLIENT shall have the right to inspect at all times the guards detailed or assigned by the
AGENCY at the premises and to request for a change, replacement or substitution of the security
guard personnel for legitimate reasons. The CLIENT may from time to time make recommendations
and suggestions with respect to actual performance and conduct of security services by the
AGENCYS personnel, provided, however, that nothing in this AGREEMENT shall be construed as to
deprive the AGENCY of its right to replace, substitute, transfer or discipline, its personnel, for a
justifiable reason and which is acceptable to the CLINET, in which case the CLIENT shall be given
prior written notice before the substitution or replacement is effected.

6. In consideration of the undertaking assumed by the AGENCY, the CLIENT agrees to pay the
AGENCY the sum of THIRTEEN THOUSAND PESOS ( 16,000.00) per month for (8) hours duty per
day one (1) security guard. The mode of payment of the services shall be covered by two billings,
as follows: The first billing in the of ( 8,000.00) shall be payable on the 15th of each calendar month
and the billing with the same amount shall be payable at the end of each month.

7. That the AGENCY shall also commit the services of INSPECTOR from its Head Office who will be
conducting nocturnal or daytime visits in the AGENCYS Area of Responsibility who will ensure that
the security guards are faithfully performing their duties even during the wee hours and who will
augment supervision that may be required to ensure the effective implementation of the CLIENT
Standard Operating Procedure.

8. The CLIENT shall pay directly to the AGENCY its monthly billings.

9. The parties agree that the venue of all actions arising from the implementation and or
interpretation of the provisions of the CONTRACT shall be in the courts of competent jurisdictions
in Cagayan de Oro City. Philippines.

10. This CONTRACT shall be effective for a period of twelve (12) months starting SEPTEMBER 16,
2017 TO SEPTEMBER 16, 2018 unless sooner terminated by either party by serving written notice
of at least (5) days prior thereto, however, the lapse of the aforsesaid period shall absolve the
AGENCY from any and all liabilities which may rise should the same be caused or be attributed to
the previous acts which could not be seen, established, noted or known during the said period
provided that such damage occurs and the claims are within the period of One (1) month from
terminations expiration of the contract.

IN WITNESS WHEREOF, we have hereunto set our hands this 16th day of September 2017.
 LTFRB R10 AJG SECURITY SERVICES
Cagayan de Oro City

By: By:

AMINODEN D. GURO ERIC CARTMAN

LTFRB R10 Director General Manager

SIGNED IN THE PRESENCE OF:

___________________________ ___________________________________

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public for and on this ___________________ day of _______________ 2017
personally appeared ERIC CARTMAN, with Drivers License No. _______________ and AMINODEN D.
GURO with Drivers License No. ________________ known to me and to be the same persons who
executed the forgoing instrument and who acknowledge that the same is their free and voluntarily deed.

WITNESS MY HAND AND SEAL on the date and place above written.