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MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Memorandum of Agreement is entered into by and between:

CARLOS A. CABALLES, a Filipino, of legal age, single and a resident of


Guihing, Hagonoy, Davao del Sur referred to as FIRST PARTY.

and

REY JAMES R. DARVIN, a Filipino, of legal age, married and a resident


of Manggahan, Toril, Davao City, referred to as, referred to as SECOND PARTY.

WITNESSETH

WHEREAS, the FIRST PARTY is a private individual engaged in supplying and


contracting quarry aggregates and other materials as retailer and contracts to supply his
buyers.

WHEREAS, the SECOND PARTY is a supplier of Quarry aggregates with principal office
address at Manggahan, Toril, Davao City and contracts to deliver quarry aggregate to
interested buyers;

NOW THEREFORE, for and in consideration of the foregoing, the FIRST PARTY and
SECOND PARTY agree, stipulate and undertake the following terms and conditions, to wit:

1. The FIRST PARTY shall purchase from the Second Party various quarry aggregates at
a price of Php220.00 Pesos per Cubic meter, net of all expenses from extraction to
deliver of said Quarry Aggregates;

2. That the Second party shall deliver the contracted or ordered Quarry Aggregates
to the Project Site of San Miguel Corporation and Archen Technology Corporation
located at Darong, Sta. Cruz Davao del Sur which is under the Purchase Order of
CMPL Trucking Services;

3. That both the parties agree of an OPEN DELIVERY system of delivery of quarry
aggregates with Two (2) days prior notice per order;

4. That both parties agree that there shall be no cash advance or cash deposit and
the system of payment shall be on a BILL to BILL type (Payment to the second party
shall only be made after Archen Technology pays CMPL Trucking Services);

That we, the FIRST PARTY and SECOND PARTY hereby Certify that this terms and
conditions confirms the truth of our agreements, and our awareness of the foregoing duties
and responsibilities among others.

IN WITNESS WHEREOF, the parties have hereunto set their hands this ____________, at
____________________, Philippines.

CARLOS A. CABALLES REY JAMES R. DARVIN


First Party Second Party
I.D. No. VIN 2404-00344A-G0262CAC10000 I.D. No. LO2-95-108892

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Signed in the Presence of:

__________________________ & _______________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF DIGOS )
X - - - - - - - - - - - - - - - - - - - - - - - -/

BEFORE ME, a Notary Public for and in the Province of Davao del Sur, on this
______________ in Digos City, Davao del Sur, Philippines, personally appeared the above-
named parties and exhibited their proof of identities, all known to me and o me known to be
the same persons who executed the foregoing instrument consisting of Two (2) pages including
this acknowledgement and acknowledge to me that the same are their free acts and
voluntary deed.

WITNESS my hand and notarial seal on the date and place ut supra.

Doc. No. ______;


Page No. ______;
Book No. ______;
Series of 20_____.

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