January 29, 2014

Dear Sir/Maam, Greetings! We appreciate the opportunity to present this proposal in relation to services we may offer. Our Understanding of Your Needs 1.) Bookkeeping Services: (@ P5, 000/month) A. Preparation for BIR Tax Compliance and other Reporting Requirements Monthly: Monthly VAT/Percentage Tax Book Keeping- Journal Entries Monthly report on the actual performance of the Company - financial statements consisting of statement of financial position and statement of receipts and expenses; Quarterly: Income Tax -1702Q Annual: Annual Income Tax Return -1702 Summary of Final Withholding Tax Expanded -1604E Summary of Final Withholding Tax on Compensation -1604CF Certificate of Compensation Payment / Withheld Compensation Payment-2316 Annual Registration Registration of Books of Accounts B. 3 Govt Agencies Reportorial Requirements (Monthly) SSS Contributions and Loan Amortization PHIC Contributions Pag-ibig Contributions and Loan Amortization C. Other Services like Consultancy on Tax and or Regulatory matters. 2.) Annual Audit of Financial Statements (@ P15, 000) Express an opinion on the fairness of the Financial Statement for: A. BIR Purposes B. SEC Purposes C. General Information Sheet (GIS)

3.) Annual Renewal of Business Permit @ P3, 000.00 A. Assessment & Processing B. Sanitary Permit C. Clearances from the 3 Govt. Agencies (SSS, PHIC & Pag-Ibig) 4.) Payroll Rate will depends on the number of employees. Our responsibilities to you We will provide the services described above with reasonable skill and care and in a timely manner. Your responsibilities to us To fulfill our responsibilities, you agree to provide us with complete, accurate and timely information and to carry out any obligations ascribed to or undertaken by you or others under your control. With the exception of the reports that we expressly agree may be provided to third parties, the reports, letters, information and advice that we provide to you during this engagement are given in confidence, solely for the purpose of this engagement and are provided on the condition that you undertake not to disclose these, or any other confidential information made available to you by us during the course of our work, to any third party without our prior written consent. (For this purpose a third party is a party other than those to whom the report, letter, information or advice is addressed). Timetable We will agree a timetable with you that will enable you to meet your obligations in relation to your reporting with the Bureau of Internal Revenue and any other deadline notified to us. Any such timetable will, however, be based on the assumption that we will receive the appropriate cooperation and assistance. For further clarification of the above, please feel free to contact us.

Very truly yours, GBS Partners

For more info. Please contact 0910-784-5671 or 267-0267 look for Ricky.