EASTWOOD PROPERTY HOLDINGS, INC.

STATUS OF CONTRACTS FOR RENEWAL

Supplier Start of Contract End of Contract Remarks

Megaworld Rental
● EW parking rental (10 slots) July 01, 2010 June 30, 2013 renewed contract for signature of Sir William Co
● EW parking rental (30 slots) July 01, 2010 June 30, 2013 renewed contract for signature of Sir William Co

ISS Facility Services, Phil. Inc. September 01, 2012 August 31, 2013 renewal of contract still on process

renewal of contract on HOLD due to renovation of

EPHI showroom; renewal will be on process after
Rentokil Initial Phils. Inc. August 31, 2012 August 31, 2013 completion of renovation

Memo of Agreement already received by Admin but

subject for review and analysis of possibility to
Simplelife Technologies, Inc. July 16, 2012 July 16, 2013 transact with a new supplier

MEGAWORLD NEWPORT PROPERTY HOLDINGS, INC.

STATUS OF CONTRACTS FOR RENEWAL

Supplier Start of Contract End of Contract Remarks

ISS Facility Services, Phil. Inc. September 01, 2012 August 31, 2013 renewal of contract still on process

with renewed contract ( to be forwarded to

Simplelife Technologies, Inc. July 01, 2012 July 01, 2013 Accounting department on 09.21.13)
FRG- COMMISSION GROUP & EASTWOOD MARKETING
Minutes of the Meeting
September 19, 2013 , 1:30 PM
20th Flr. IBM Plaza Building, Eastwood Ave. Bagumbayan, Quezon City

Attendees:

>Eastwood Marketing Group

Ms. Relda Gamboa
Mr. Karlo Saga
Ms. Rhea Molina
Ms. Heide Anareta
Mr. Charles Alfred Tan
Ms. Pauline Pesayco
Ms. Jaqueline Mallari
Mr. Nelson Acosta

>Commission Group
Ms. Rowena San Pedro
Ms. Joy Kathleen Biay
Diana Pasia
Maria Nolessa Baylon
Don John Rojas
Rosalie Ravago
Roland Francis Guerrero

EASTWOOD PROPERTY HOLDINGS, INC.(EPHI)

MEGAWORLD NEWPORT PROPERTY HOLDINGS, INC. (MNPHI)
MEGAWORLD RESORT ESTATES, INC. (MREI)

Subject Matter Discussion/Action Plan

( Major Issue )
Cash Advances, Prepayments & Advances to Suppliers (Updates &
Liquidation)

Status of Security Deposits for Refund 1. This has been an issue from previous years

Allocation of Expenses (EPHI,MNPHI & MREI)

EPHI which incurs more expenses rather than generating an income for its projects, MNPHI which
generate more income through commission but lesser expenses, same with MREI which started its
operation last July 2012 and also earning income through commission. The burden in carrying mostly all
of the expenses is on EPHI.

The decision is to allocate expenses through determining which company (projects) contributes more on
the transaction. That company will shoulder all the expenses

Preparation of Approved Budget 1. Since approved budget has been prepared for a certain transaction (event), we only just reminding
Eastwood Marketing that the budget should be within the amount

Payment Endorsements to Respective Companies (CV Processing) 1. Informed the group regarding the agreed procedure on recording of Sales Incentives as discussed with
Megaworld Corp AP & GA Dept.; wherein Sales Incentives will be subject to 10% EWT. The same
procedure will apply with EPHI, MREI & MNPHI.

2. After checking / processing of qualified PDC incentives, send a report regarding the status &
explanation why PDC incentive requests have not been processed. (for sending to Ms. Alyn; CC:Ms.
Wilma)

Review of Ors released by the Suppliers (pertaining to the correct
amount that should be reflected in the OR)
There are suppliers who issued OR's of which the amount does not correspond on the amount that is
supposed to be reflected on the receipts. The person in-charge to that event(transaction) should be the
one who takes the responsibility of reaching the client to replace the receipt and it's time consuming.
That's why we reminded them to double check the amount before claiming the receipt. On the other
hand, dicrepancies on the amount is not favorable when it comes to BIR remittances & declaration of
expenses.

Effect of New BIR Regulation regarding deductibility of expenses

(RR 12-2013) Since there is new regulation from BIR wherein all expenses should be with corresponding withholding
taxes, we just only reminding them to be aware of the current ruling, in order for them to understand
why all of the payment endorsement should be net of withholding taxes. At the same time, to liberate
them and to be able to answer queries from suppliers/clients when there's a need.

Corporate Tokens & Give Aways (request & receiving) Commission processing of EPHI, MNPHI & MREI has been patterned with the process of MC's AP Dept.