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Affidavit of Witness

Republic of the Philippines )


____________, ________ ) s.s.
x--------------------------------------x

I, Renzo Beaver Balberona, of legal age, single, resident of Javellana Street, Jaro, Iloilo
City, after having sworn in accordance with law, do herbey depose and state THAT:

I was in charge of negotiating the sale agreement between GE Inc., for the Pro Bone
Densitometry (equipment) System with its CEO Mr. Karl Francis Monsale.

I and Mr Mosale agreed for the contract price of Php 2,500,000.00 for the said
equipment included the VAT. The price shall be paid by ABC through installment. The
20% of the contract price shall be paid after signing of the contract and/or release of the
purchase order and the remaining 80% shall be paid by dated cheque 90 days from
delivery of the equipment.

A sale contract was executed and agreed upon by both parties. My company ABC then
deposited the 20% amount to the bank hence afterwards the delivery of the equipment
which turned out to be damaged hence the refusal of my company to pay in full the
remaining 80% of the contract price unless the other party complies with their
obligation (???? Chakto ni or tama ka vague? Pls edit for specification )

The other party insisted also that we should pay the VAT. I agree that it is incumbent
upon the buyer to pay VAT but I insist the due interpretation of the contract. It was
included in the amount agreed that VAT is included already. For me, and my company it
is clear that we had already settled that at the time of negotiation. If not, they should
have not agreed into it and let us believe that VAT is included in the contract.

I then executed this affidavit to attest the truthfulness of the foregoing facts and to
support the Arbitration against General Electric Philippines Inc., for violations of the
obligations due to them under the contract.

IN WITNESS WHEREOF, I hereunto affixed my signature this 14th day of February.

RENZO BEAVER BALBERONA


Affiant

SUBSCRIBED AND SWORN to before me this 14th day of February at Iloilo, City. I HEREBY
CERTIFY that I have personally examines the herein affiants and I am satisfied that they
voluntarily executed and understood their given affidavit.

___________________
Notary Public

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