ACCOUNTING AND ADMNISTRATIVE SERVICES AGREEMENT

This Contract states the terms and conditions that govern the contractual agreement between C.
VICENTE REALTY CORPORATION having its office address at CALY BUILDING, 986 Aurora
Blvd., Cubao, Quezon City (the “First Party”), and JACQUELINE DOTE CALUNGSOD (the “Second
Party”) who agrees to be bound by this Contract.

WHEREAS, The First Party is engaged in the Lease of Commercial Building and

WHEREAS, The First Party desires to have Services provided by the Second Party.

NOW, THEREFORE, In consideration of the mutual covenants and promises made by the Parties hereto,
The First Party and the Second Party (individually, each a “Party” and collectively, the “Parties”)
covenant and agree as follows:

1. DESCRIPTION OF SERVICES.
1.1 In general, the Services to be performed by the Second Party shall encompass the following:
 Handles the administrative needs of the office and tenants or lessees;
 Performs the bookkeeping requirements of the First Party;
 Liaisons with national and local government agencies for regulatory compliance;
 Performs additional tasks as maybe assigned by the President or Treasurer.

1.2 The First Party agrees to supply the Second Party all information, materials, data, and documents
necessary or advisable to properly perform the Services in such form, format, or media as the
Second Party may reasonably request, to make available the officers of The First Party to answer
any inquires in connection therewith.

2. PERFORMANCE OF SERVICES. The Second Party has come to the office every Tuesday and
Friday for the first two weeks of the month and every Monday, Wednesday and Friday for the
remaining weeks of the same month. The Second Party must also report for at least eight (8) hours per
day during the said workdays above.

3. FEES FOR SERVICES AND EXPENSE REIMBURSEMENT.

3.1 In consideration of the Services, The First Party agrees to pay to the Second Party a fee
amounting to Sixteen Thousand Pesos (16,000php) per month of service.

3.2 The Second Party shall not be entitled to reimbursement for any expenses except those that have
been previously approved in writing by The First Party.

3.3 Consideration paid to the Second Party shall be subject to withholding tax.

4. TERM OF SERVICES. The term of this Agreement shall begin upon signing the agreement by both
Parties and will terminate six (6) months thereafter. Either party may terminate the agreement with 90
days advance notice. The term is also renewable upon mutual written agreement by both Parties.
5. RELATIONSHIP OF PARTIES. It is understood by the Parties that no employer-employee
relationship exists between them. The First Party will not provide fringe benefits, including health
insurance benefits, paid vacation, or any other employee benefit, for the benefit of the Second Party.

6. DISCLOSURE. The Second Party is required to disclose any outside activities or interests that
conflict or may conflict with the best interests of The First Party. Prompt disclosure is required under
this paragraph if the activity or interest is related, directly or indirectly, to other consulting
relationships that may conflict with this Agreement. The First Party maintains control of all decisions
and should reject advice that they do not agree with. The Second Party cannot control future events,
therefore cannot be responsible for long term outcomes of business or financing strategies.

7. CONFIDENTIALITY. The First Party recognizes that the Second Party has and will have the
following information: - business affairs; financial information; personal information; future plans;
and other proprietary information (collectively, "Information") which are valuable, special and unique
assets of The First Party and need to be protected from improper disclosure. In consideration for the
disclosure of the Information, The Second Party agrees that the Second Party will not at any time or
in any manner, either directly or indirectly, use any Information for the Second Party's own benefit, or
divulge, disclose, or communicate in any manner any Information to any third party without the prior
consent of The First Party. The Second Party will protect the Information and treat it as strictly
confidential. A violation of this paragraph shall be a material violation of this Agreement.

8. CONFIDENTIALITY AFTER TERMINATION. The confidentiality provisions of this Agreement

shall remain in full force and effect after the termination of this Agreement.

9. RETURN OF RECORDS. Upon termination of this Agreement, the Second Party shall deliver all
records, notes, and data of any nature that are in The Second Party's possession or under the Second
Party's control and that are The First Party's property or relate to The First Party's business.

10. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are
no other promises or conditions in any other agreement whether oral or written. This Agreement
supersedes any prior written or oral agreements between the parties.

11. AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing
and is signed by both parties.

12. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for
any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that
any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it
would become valid and enforceable, then such provision shall be deemed to be written, construed,
and enforced as so limited.

13. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of
this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently
enforce and compel strict compliance with every provision of this Agreement.

14. APPLICABLE LAW. This Agreement shall be governed by the laws of the Philippines.
IN WITNESS WHEREOF, each of the Parties has executed this Contract, both Parties by its duly
authorized officer, this ___th day of ____, 2017 at Quezon City, Metro Manila, Philippines.

The First Party: The Second Party:

C. VICENTE REALTY CORPORATION

EDGARDO C. GOLI JACQUELINE DOTE CALUNGSOD

Secretary/Treasurer

PAOLO C. GOLI
President