Quote No.

BAC004300

Rev.04

TABLE OF CONTENTS Section 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Description Building Description Design Criteria Applicable Codes Steel Work Finish Concrete Work Finish Supplied Items Reference Drawings Execution Period Conditions for Assembly Price Offer Payment Terms Proposal Validity Changes and Revisions General Notes Page 2 2 2 3 3 3-4 4 4 5 5 5 5 5 6

Quote No. BAC004300

Rev.03 Section 1. BUILDING DESCRIPTION Usage Quantity of Identical Building General Features Type Width Length Eave Height Roof Slope Total Floor Area Section No.2 : Two Storey Rigid Frame with Three set of Stairs : 7.00 m (out to out of column) : 30.00m (out to out of column) : 5.70 m (from finish floor line) : 1:5 : 420 sq.m. : : Workers Quarters 12 Units

DESIGN LOADS BAC Building is designed for the following loads: Design Live Load on Roof : 1000 N/sq.m Design Live Load on Frame : 600 N/sq.m Wind Load : 1500N/sq.m Seismic Zone : 4 Design Floor Live Load : 3000N/sq.m

Section No.3

APPLICABLE CODES Steel Components are designed and Fabricated in accordance with: 1989 Manual of Steel Construction American Institute of Steel Construction (AISC) 1 East Wacker Drive Suite 3100 Chicago, Illinois 60601, U.S.A 1986 Edition (1989 Addendum) of Cold Formed Steel Design Manual American Iron and Steel Institute (AISI) 1133 15th St., NW, Washington D.C. 20025-2701 USA 1992 American Welding society (AWS D. 11. 92) Structural Welding Code Steel Manual 550 N.W. Leijeune Rd., P.O Box 35101, Miami, Florida 33135 All Steel Plates and Shapes are in accordance with ASTM-AGM Reinforced concrete foundations and slabs in accordance with: ASTM C150 for Normal Portland Cement ASTM C33 for Coarse and Fine Aggregates ASTM A615M/A617 for Reinforcing Materials ASTM-American Society for Testing and Materials 1916 Race St. Philadelphia PA19103, USA

Quote No. BAC004300

Rev.03 Section No.4 STEEL WORK FINISH 4.1 Primary and Secondary Steel All Primary and secondary steel materials will be cleaned to remove all dirt, grease, oil and loose mill scale and given one shop coat of Choco Brown primer with an average of dry film thickness of 25 microns. Section No.5 CONCRETE WORK FINISH 5.1 Floor Slabs Top surfaces of concrete slabs will be smooth cement finish. No holes or rough patches will remain. Surfaces will receive cement plasters. Section No.6 SUPPLIED ITEMS The following are the Supplied Items: 6.1 Structural Steel Frame 6.2 Roofing Option I-0.40mm thk. Pre-painted galvanized Roof Panels with 5 mm thick EPE Insulation Laminate and Bended Accessories Option II-0.40mm thk. Galvanized Iron Roof Panels with 5 mm thick EPE Insulation Laminate and Bended Accessories 6.3 Walls Option I-0.4mm thick PPGI Rib Type Side Panels with 5mm thick EPE Insulation Laminate (single wall panel) Option II-0.4mm thick G.I. Rib Type Side Panels with 5mm thick EPE Insulation Laminate (single wall panel) 6.4 Windows 40 sets 1.2mW x 1.1mH Aluminum Framed Glass Jalousie Windows Columns Rafters Beams Floor Joists Purlins Side Girts Erection Bolts Cross Bracings Anchor Bolts Steel Stairs (Mild Steel Plates Steps and Landing)

Quote No. BAC004300

Rev.04 6.5 Doors 6 sets 0.8mW x 2.1mH Wooden Door Panel and Jambs with Finish Paint 6.6 Flooring Balcony 2.0mm thick Epoxy primer finished Mild Steel Plates 2nd Floor- thick. Plyboards Ground Floor- cement plastered concrete slab 6.7 Concrete Structure (fc=3,000 psi) Pedestals Footings (SBC: 3,000 psf) Slab on Fill ( 125mm thick reinforced with 10mm diameter def. bar)

Section No.7

REFERENCE DRAWINGS All items specified above are based on BAC Presentation Drawings consisting of the following drawings stipulated hereunder: Elevation Plans Floor Plans

Section No.8

EXECUTION PERIOD 8.1 Our completion period is One Hundred Twenty (120) Working Days (engineering time excluded) from the latest date of receipt and acceptance of the following: Signed Contract Down Payment Final Change Order Signed Final Approval Drawings for Construction Approved as Noted

Completion period, however, shall be extended upon request in writing within three (3) days by BAC for causes such as bad weather, change order, force majeure, and suspension of work for causes not attributed to BAC and other similar events. 8.2 Presentation drawings for approval will consist of the following: Custom Erection Drawings consisting of Elevation Framing and Cross Section Plans showing frame details and clearance dimensions Concrete Work Details Foundation Details

Approval drawings will be submitted within ten (10) working days from date of acceptance of this proposal.

Quote No. BAC004300

Rev.04 Section No.9 CONDITIONS FOR ASSEMBLY /ERECTION 9.1 Prior to erection, we require a clear level and unobstructed work area with suitable access for our erection crew. Access should be provided around the site lay-out for storage, setting out and erection. Any variation in these conditions will be subject to price variation in the contract. Our price is based on one site visit and uninterrupted work. Should our staff be unable to work because of conditions not our making we reserve the right to charge for lost time.

9.2

Section No.10

PRICE OFFER FOR 12 UNITS OPTION I PRE-PAINTED G.I. CLADDING NINETEEN MILLION FOUR HUNDRED FIFTY NINE THOUSAND TWO HUNDRED PESOS ONLY ( P 19,459,200.00 ) OPTION I G.I. CLADDING EIGHTEEN MILLION EIGHT HUNDRED SIXTY FOUR THOUSAND HUNDRED PESOS ONLY ( P 18,864,000.00 ) [PRICE IS INCLUSIVE OF TEN (10) PERCENT VALUE ADDED TAX]

Section No.11

PAYMENT TERMS 30% Down Payment upon Signing of Contract 70% Based on Work Progress Build Asia may submit periodically but not more than once every two weeks a request for payment for the work done.

Section No.12

PROPOSAL VALIDITY This offer is valid for thirty (30) days from the above noted date and is subject for confirmation thereafter by BAC.

Section No.13

CHANGES/REVISION

Changes and/or revisions to stated scope of work may lead to variation in price and delivery period. A change must not hold payment for work completed in the original contract.

Quote No. BAC004300

Rev.04 Section No.14 GENERAL NOTES 14.1Site Development is not included in our scope of work (Natural Grade line is assumed flat level and compacted). 14.2Water and Electricity for domestic and construction use shall be provided by Takenaka Corporation. 14.3Soil test procedure is not included in our offer. 14.4Building, Sanitary and Electrical permit fees shall be to the account of Takenaka Corporation. 14.5Our price includes Value Added Tax (VAT). 14.6Only items mentioned above is the work BAC will execute.

Submitted in behalf of: BUILD ASIA CORPORATION

Accepted in behalf of: TAKENAKA CORPORATION

DENNIS C. CIOCO Marketing Officer

____________________________ Signature Over Printed Name Date: ___________________

JOEL R. TORRES President