MEMORANDUM OF AGREEMENT

PRIVATE & CONFIDENTIAL

2014

MEMORANDUM OF AGREEMENT
TRANSACTION CODE : TOV G99999999A/HSBC
This Memorandum of Agreement is being made and entered this 29th day of July 2014 at Quezon City, hili!!ines, by
and bet"een the PARTY A and PARTY B;
ELPIDIO R. ROSALES!R a#t by himself , of $egal Age, %ili!ino Citizen , Married "ith !ostal address at 12 &,
Adia, 'agumbayan , Taguig City , hili!!ines (hereinafter referred to as the PARTY A ";
RENATO PAGADUAN AGUILAR a#t by himself , of $egal age, %ili!ino Citizen ,Married and residing at ), 'ar#ena
*t+, *ignal ,illage, Taguig , City Metro Manila hili!!ines , (hereinafter referred to as the PARTY B ";
#HEREAS the PARTY B "arrants "ith full !ersonal and legal res!onsibility and under !enalty of !er-ury he has
authority and #om!lete a##ess to and #ontrol of the !hysi#al of TREATY OF VERSAILLES SERIES 19$4 des#ribed
herein and is ready, "illing and able to ma.e a/ailable to the PARTY B of the sub-e#t ASSET/COMMODITY for
!ur#hase and !ayment in a##ordan#e "ith the terms and #onditions set forth in this agreement+
TREATY OF VERSAILLES SERIES 19$4 des#ri!tions shall be, as follo"s0
M+'+ C12T31$ 21+ 4 599999999A
'16 21+ 4 99991110
*738A$ 21+ 4 599991111A
*7C+ C1&7 21+ 4 00999959
+&+ 21+ 4 5 99909 A
#HEREAS, the :A3T; B :has *eller of TREATY OF VERSAILLES SERIES 19$4 ONLY "ith des#ri!tion abo/e and
offered the same to the :A3T; A :, "hi#h the later a##e!ted+
#HEREAS the arties being legally <ualified e=e#ute and manifest under "arranty "ith full !ersonal and legal
res!onsibilities that they are res!e#ti/ely READY #ILLING and ABLE to im!lement this agreement a##ording to their
duties and res!onsibilities herein mentioned in this AGREEMENT.
PREMISES CONSIDERED, therefore, the herein !arties mutually agree on the !arameters that the PARTY B shall
deli/er the TREATY OF VERSAILLES SERIES 19$4 and PARTY A shall fund and !ay all fees sub-e#t, ho"e/er, to
the terms and #onditions herein set9forth as follo"s 4
I%&'(%()*+), P-./(01-(2:
1+ >ithin (24? t"enty ban.ing hours after signing and notarization of Memorandum of Agreement :M1A@, that
the arty A shall #ondu#t lodging to the *er/i#ing ,Transa#ting and %unding 'an. , The Aong.ong *hanghai
'an.ing Cor!oration $td+ @A*'C@ at The 7nter!rise Center , To"er 1, )B)) Ayala A/enue Corner aseo &e
3o=as , Ma.ati City 12C0 hili!!ines in order to issue the 8n/itation to $odge in fa/or to the arty '0
MEMORANDUM OF AGREEMENT
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age 1
MEMORANDUM OF AGREEMENT
PRIVATE & CONFIDENTIAL
2014
TRANSACTION CODE : TOV G99999999A/HSBC
2+ >ithin (2? t"o ban.ing days, after re#ei/ed, /alidation and #onfirmation of the 8n/itation to lodge ,PARTY B
shall deli/er the (1? one bo=Dset of TREATY OF VERSAILLES SERIES 19$4 to The Aong.ong *hanghai
'an.ing Cor!oration $td+ @A*'C@ at The 7nter!rise Center , To"er 1, )B)) Ayala A/enue Corner aseo &e
3o=as , Ma.ati City 12C0 hili!!ines for final authenti#ation0
E+ After Authenti#ation is good and #leared and the /alidation "as #onformed the s!e#ifi#ation and the
genuinely of authenti#ation by the PARTY A that the %ull *ettlement of the ayment shall be effe#t
immediately by PARTY A in the amount of %ifty Million, Fnited *tates &ollars $a" Curren#y 6US7
80000000.00" and shall be made "ithin the same day to the PARTY B and all CONSULTANTS/AGENTS in
a##ordan#e "ith the %unds 7mission !ro/ision embodied herein0
4+ Any result of the %inal Authenti#ation, if found out that the sub-e#t #ommodity does not meet the 'uyer
standard re<uirement, said itemDasset shall be return immediately to the 1"nerD *eller "ithout any further
<uestioning and #onfis#ation0
C+ FUND EMISSION4 ayments in hili!!ines esoDF*& shall be in the form of Cash or if so re<uired by the
PARTY B and ConsultantsD8ntermediaries DAgents , by Telegra!hi# Transfer, Manager Che#., LEDGER TO
LEDGER to the SELLER92 and CONSULTANTS and 1ffshore or $o#al A##ounts to be set u! by the
PARTY A The distributions of the !ro#eeds of the full settlement are as stated hereunder0

arty ' Trustee F*G 9 4C,000,000+00
arty A Trustee C,000,000+00
TOTAL :::::::::::::::::::::::::::::::::::::::::::::::::US7 80000000.00
)+ That the ; PARTY A ; shall !rote#t the ; PARTY B ; the #onfidentialities of its dealings , methodology of
transa#ting, and its *AA37* , from the 'uyer, the *eller , the Agents,Consultants D'enefi#iaries and any
other third arty0
B+ That the : PARTY A : shall be res!onsible in ma.ing re!resentations to the 'uyerD%under to the all
immunities for the herein !arties #o/ered by this agreement0
H+ That the PARTY A shall ta.e !ossession the sub-e#t asset, after the #om!letion of !ayment in a##ordan#e
"ith the %unds 7mission sti!ulated in the !ro/ision C stated abo/e0
ATTESTATION OF NON:STING OPERATION:
The arties "hose signatures are affi=ed belo" hereby a/o", state and re!resent, under the ris. and !enalty of
!er-ury, that they are not PART OF ANY STING OPERATION nor are they informants and asso#iated "ith any
informant(s?, nor "ith any 5o/ernment or 5o/ernment Agen#y, 3egional, &omesti# or 8nternational, "hose !ur!ose is
to gather information #on#erning any transa#tion bet"een the arties signatory hereto+ %ailure to dis#lose su#h
information shall not !re/ent either arty from !arti#i!ation in the transa#tion #ontem!lated, if the !ur!ose is to
!arti#i!ate, as "ould any other !ri/ate #itizen or entity+
MEMORANDUM OF AGREEMENT
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age 2
MEMORANDUM OF AGREEMENT
PRIVATE & CONFIDENTIAL
2014
TRANSACTION CODE : TOV G99999999A/HSBC
B3)< I)=.-%3*+.) *. -(/(+>( *?( P3-*5 B S?3-(2 P-.=+* @ US748000000.00
'727%8C8A3; 2AM7 372AT1 A5A&FA2 A5F8$A3
1*TA$ A&&37** ), 'ar#ena *t+, *ignal ,illage, Taguig , City Metro Manila hili!!ines
A**13T 2FM'73 7'HEEEBE0E
&AT7 1% 8**F7 June B,201E
&AT7 1% 7683; June ),201H
$AC7 1% 8**F7 &%A, hili!!ines
2AT812A$8T; %ili!ino
M1'8$7 2FM'73 091BEE909H0
7MA8$ A&&37** $ouiedela#ruzH1HIyahoo+#om
'A2J 2AM7 Aong.ong *hanghai 'an.ing Cor!oration $td+ @A*'C@
'A2J A&&37** The 7nter!rise Center , To"er 1, )B)) Ayala A/enue Corner aseo &e 3o=as ,
Ma.ati City 12C0 hili!!ines
'A2J 1%%8C73 T'A
'A2J T7$7A127 K)E29HE0 CE00 D K)E29BCC CE00
'A2J %A6 K)E29HH) CE4E
*>8%T C1&7 A*'CAMM
ACC1F2T 2AM7 1"ner D*eller 2ominated A##ount DT'A
ACC1F2T 2FM'73 T'A
CF3372C; Fnited *tates &ollars
B3)< I)=.-%3*+.) *. -(/(+>( *?( P3-*5 A/T-12*((2 S?3-(2 P-.=+* @ US7:8000000.00
'727%8C8A3; 2AM7 7l!idio 3+ 3osales ,Jr and Asso#iates DT'A
1*TA$ A&&37** 12 &, Adia, 'agumbayan , Taguig City , Metro Manila ,hili!!ines
A**13T 2FM'73 7'B00E124
&AT7 1% 8**F7 21,&e#ember 2012
&AT7 1% 7683; 21,&e#ember 201B
$AC7 1% 8**F7 &%A, hili!!ines
2AT812A$8T; %ili!ino
M1'8$7 2FM'73 K)E919E4)9299DK)E90)EB1)9)2
7MA8$ A&&37** /errostradingIgmail+#om
'A2J 2AM7 Aong.ong *hanghai 'an.ing Cor!oration $td+ @A*'C@
'A2J A&&37** The 7nter!rise Center , To"er 1, )B)) Ayala A/enue Corner aseo &e 3o=as ,
Ma.ati City 12C0 hili!!ines
'A2J 1%%8C73 T'A
'A2J T7$7A127 K)E29HE0 CE00 D K)E29BCC CE00
'A2J %A6 K)E29HH) CE4E
*>8%T C1&7 A*'CAMM
ACC1F2T 2AM7 T'A
ACC1F2T 2FM'73 T'A
CF3372C; Fnited *tates &ollars
MEMORANDUM OF AGREEMENT
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age E
MEMORANDUM OF AGREEMENT
PRIVATE & CONFIDENTIAL
2014
TRANSACTION CODE : TOV G99999999A/HSBC
HO#EVER should subse<uent .no"ledge of the !assing of said information to any su#h authorities by either and
!arty against one or the other result in a loss to either !arty in any "ay, the !arty !assing the information, and any or
all the !arties utilizing su#h information , shall be se/erally and "holly liable for su#h loss to the aggrie/ed !arty+
PROTECTION OF THE CONSULTANTS AND INTERMEDIARIES:
*hould there arises any !roblem that may lead to litigation, the intermediaries are #onsidered only introdu#ers of both
!arties and shall be e=em!ted from any #i/il and #riminal liabilities due to default andDor !erforman#e of the !rin#i!als
of the arty A and the arty ' +
CODES OF IDENTIFICATION: The arties to this #ontra#t agree that all do#uments related to this transa#tion shall
indi#ate the #odes as indi#ated herein+ And, the #odes shall not be #hanged during the term of this transa#tion
#ontra#t, in#luding any all additions+
8n #ase of in#a!a#ity of herein !arties in/ol/ed for this Memorandum of Agreement, their monetary shares L !ro-e#ts
!arti#i!ation shall be automati#ally transferred to their heirs, *u##essors L Assigns "ithout further demand+
This Memorandum of Agreement is a full re#ourse #ommer#ial #ommitment go/erned by the $a" of the -urisdi#tion
that the arties reside+
>e hereby #onfirm that the herein s!e#ified ro#edures, Terms and Conditions are fully a##e!table to us+ >e further
#onfirm that "e are ready to !ro#eed immediately and "ill lodge the agreement to our ban. on#e "e re#ei/ed it duly
#ountersigned by herein !arties+.
IN #ITNESS #HEREOF, the !arties hereto agree to the general terms and #onditions herein and "arrant unto the
other the entire of this Memorandum Agreement (M1A? to be e=e#uted and signed on this 29
th
day of July 2014 at
Quezon City, Metro Manila, hili!!ines+
%or and on behalf of the arty A0 %or and on behalf of the arty '0
RENATO PAGADUAN AGUILAR ELPIDIO R. ROSALES!R
2ationality4 %ili!ino 2ationality4 %ili!ino
ass!ort 2o+ 7'HEEEBE0E ass!ort 2o+4 7'B00E124
&ate of 8ssue 4 June B,201E &ate of 8ssue 4 21,&e#ember 2012
&ate of 7=!iry 4 June ),201H &ate of 7=!iry4 21,&e#ember 2012
la#e of 8ssue4 &%A, A8$8827* la#e of 8ssue4 &%A, A8$8827*
*igned in the !resen#e of4
&ante 3+ Cordero 3oberto '+ Con#has
MEMORANDUM OF AGREEMENT
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age 4
MEMORANDUM OF AGREEMENT
PRIVATE & CONFIDENTIAL
2014
TRANSACTION CODE : TOV G99999999A/HSBC
ACANO#LEDGEMENT
37F'$8C 1% TA7 A8$8827*?
'7%137 M7, A 21TA3; F'$8C, !ersonally a!!eared, ELPIDIO R. ROSALES!R , and RENATO PAGADUAN
AGUILAR, res!e#ti/ely, !ersonally .no"n to me andDor !ro/en to me on the basis of satisfa#tory e/iden#e to be the
!erson "hose name are subs#ribed to this MEMORANDUM OF AGREEMENT 6MOA" and a#.no"ledged to me that
their e=e#uted the same in his authorized #a!a#ity, and that by his signature on this instrument the !erson or the entity
u!on behalf of "hi#h !erson a#ted, e=e#uted the instrument+ The follo"ing !ersons e=hibiting to me their 8dentity
a!ersD ass!orts as follo"s4
2ame ass!ort 2o+ 7=!iry date la#e of 8ssue
1+ 7$8&81 3+
31*A$7*,J3
7'B00E124 20, &e#ember 201B &%A, A8$8827*
2+ 372AT1
A5A&FA2
A5F8$A3
7'HEEEBE0E 0) June 201H &%A ,A8$8827*
Jno"n to me to be the same !ersons "ho e=e#uted the foregoing Memorandum of Agreement #onsisting of %8,7
(C? si= !ages, in#luding this !age on "hi#h the a#.no"ledgment is "ritten, and a#.no"ledged to me that the same is
their free a#t and /oluntary deed and that of the entities that they res!e#ti/ely re!resent+
>8T27** M; AA2& A2& *7A$ this MMMday of MMMMMMMMM2014
21TA3; F'$8C
&o#+ 2o+ MMMMMM
age no+ MMMMMM
'oo. 2o+ MMMMMM
*eries of 2014
MEMORANDUM OF AGREEMENT
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age C