SECURITY SERVICE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT executed and entered into by and between:

GADDI FORCE SECURITY & INESTIGATION AGENCY, INCAAAAAAA.PHILIPPINE RAPTORS

SECURITY SERVICES CORPORATION an agency duly licensed and organized and existing under
and by virtue of the laws of the Republic of the Philippines, with principal office at 51 Kundiman St., San
Francisco Del Monte, Quezon Cityal office at By-Pass Road, Sta Clara, Sta. Maria Bulacan, represented
herein by its EVP Mr. Denis P.
Gaddi___________________________________________________________________________its
Manager Mr. Edmund L. Hufana, herein referred to as the “AGENCY’.

and

TERP ASIA CONSTRUCTION CORPORATIONBBBBBBBBBBBBBBBBBBBBB duly

organized and existing under and by virtue of the Laws of the Republic of the Philippines with principal
and postal address at Unit 306, Burgundy Place Condominium, 174 B. Gonzales Street. Loyola Heights
Quezon City, represented herein by Engr. Godfrey
Aranzaso____________________________________________Ramel De Castro, herein referred to as
the “CLIENT’.

W I T N E S S E T H:
WHEREAS, the CLIENT is desirous of engaging the services of the AGENCY, for the purpose of
guarding and protecting the premises and properties of the CLIENT located at C5 Extension, Brgy San
Dionisio, Parañaque
City____________________________________________________________________.Robinson’s
Place La Union

WHEREAS, the AGENCY is duly licensed and authorized by law to render protective services
nationwide, with license number _PSA-T-14-00910-2019___________________________________
___________ (copy is attached as Annex C), and has agreed to provide services to the CLIENT under
the conditions herein;

1. The AGENCY shall faithfully render and provide the services of _2___4______ Security
Guards and One (1) Detachment Commander to perform duties of twelve (12) hours for
seven (7) days a week with at least twelve (12) hours per shift including Sundays and
holidays. It may be understood that the number may be increased or decreased as
requested by the CLIENT with the conformity of the AGENCY which shall be given thirty (30)
days advance notice. Provided, that such advance notice shall apply when the situation
requires a clear and patent need to immediately INCREASE the number of security
personnel. Provided further, that if the number of guards will be DECREASED, the
compensation will remain the same as stated in this contract

2. The AGENCY shall be responsible for the performance of the duties of its security guards
and shall be solely responsible for any acts of omissions of the security guards during their
watch hours, the CLIENT being specifically free and absolved from any liability to any third
party arising from acts and omissions of the security guards of the AGENCY.

3. The AGENCY shall assume full responsibility for loss, pilferage, or damage of such property
of the CLIENT that were duly inventoried or listed and placed under the control of the guards
of the AGENCY if after inventory it is established that such property was lost, pilfered, or
damaged during the hour of duty of the guard of the AGENCY, and that the same was the
proximate result of the act, omission, negligence, or fault of the guard, and provided further
that such loss, pilferage or damage is reported by the CLIENT in writing within seventy two
(72) hours from discovery of the occurrence;

4. The CLIENT shall not deduct any reported losses or damages against the amount
corresponding to the monthly billing (compensation under contract) due the AGENCY.
 However, once the responsibility of the AGENCY is established, the CLIENT may bill the
AGENCY for the value of the loss or damage;

5. All security guards assigned by the agency under this contract shall exclusively be its
employees which as their employer, shall comply with the laws related to their employment,
including the SSS, Philhealth and Pag-IBIG. The AGENCY shall hold the client free from
any claims of security guards related thereto the AGENCY, shall upon request of the
CLIENT, certify said security guards are paid regularly

6. In addition to the duties and responsibilities of safeguarding and protecting the CLIENT’S
properties and the personnel working thereat, the AGENCY shall periodically conduct
security inspections without additional service charge or fees, recommendations to the
CLIENT regarding security may then be made by the AGENCY.

7. In the event of the promulgation of any decree or law, providing for the grant of other forms of
allowance and/or change in minimum wage on the guards, the basic rate herein stipulated
per guard shall be increased proportionately, in accordance with the said amendments to the
Minimum Wage Law. The increase mentioned in this paragraph shall be implemented
automatically after thirty (30) days by the CLIENT without the need of executing a new
contract.

8. It is expressly understood and agreed that the CLIENT shall not be held responsible or liable
for any claim on personal injury or damage, including death arising from or in the course of
the unlawful performance of the duties of the said guards.

9. For and in consideration of the security services to be rendered by the AGENCY to the
CLIENT, the CLIENT shall pay to the AGENCY, during the term of this agreement, the
amount of: (1) TWENTY TWO THOUSAND SEVEN HUNDRED SEVENTY NINE & 64/100
(Php 22,779.64)22,000.00 Philippine currency inclusive of VAT, overtime pay, night
differential and exclusive 31st day of the month, regular & Special Holiday, sholiday pay, per
month for TWELVE (12) hours Night Shift duty per guard;, and (2) TWENTY ONE
THOUSAND EIGHT HUNDRED FORTY SIX & 4/100 (Php 21,846.04) for day shift
Philippine currency inclusive of VAT, overtime pay, and exclusive of 31st day of the month,
Regular and Speacial Holiday pay, per month for TWELVE (12) hours Day Shift duty per
guard, both shifts at daily duty from Monday to Sunday, ands the same payable within
every 15th and 30th of the each month.

10. The AGENCY shall present upon billing the proof of remittance of the precious months of the
guards Social Security System (SSS), Philhealth, Pag-IBIG contributions, and other
mandatory remittances due to the government. Failure to present proof of
payment/remittance shall hold the release of billing.

11. The AGENCY shall exercise direct supervision and control over the security guards assigned
to the CLIENT in accordance in accordance with existing laws and regulations. However,
the CLIENT may exercise supervision over the security guards and may direct instructions to
them relating to the safeguarding of the CLIENT’S property and the security of its personnel.
With notice to the AGENCY, the CLIENT may also have any guard relieved and/or return to
unit (RTU) on the ground of inefficiency, conduct unbecoming of a professional guard or acts
prejudicial to the best interest of the CLIENT.

12. It is clearly understood that while the assigned security guards are at all times, during/his tour
of duties, subject to the supervision and control of the CLIENT in so far as this refers to and
in relation to their duties and responsibilities, they are not however employees of the CLIENT
and therefore, all matters pertaining to their/his salary and wages, allowances and other
fringe benefits under labor code and such other allied statues shall be the sole responsibility
of the AGENCY subject to the conditions set forth under the laws;

13. This agreement shall be for a period from JULY 01, 2020 TO DECEMBER 31, 2020. Should
any party prefer to terminate the contract for just cause, it shall notify the other party in
writing thirty (30) days prior to termination of this contract.

14. Discipline, administration and operation of the security guards shall conform to the
implementing rules and regulations of the AGENCY (Annex A), the rules and regulations
 under REPUBLIC ACT NO. 5487 (Annex B) otherwise known as the “Private Security
Agency Law” the rules and regulations of the CLIENT, and other applicable government
rules and regulations.

15. The CLIENT reserves the right to replace any security guard on post if found to have violated
any CLIENT’S rules, regulations and controls.

16. That in case of litigation arising from or in connection with this contract, venue of action shall
be in San Fernando La Union and an amount equivalent of 25% of the amount claimed shall
be due and demandable as attorney’s fee.

17. The AGENCY acknowledges that due to the present pandemic, its security guards may be
exposed to the disease and other diseases in the premises. Nevertheless, the AGENCY
shall have sole responsibility for such risks and the CLIENT shall be held harmless from any
liability whatsoever.

IN WITNESS WHEREOF, the parties have hereunto set their hands on this
_____________________, at ______________________, at C5 Extension, Bgry. San Dionisio,
Parañaque CityBrgy Sevilla, Mc Arthur Hi-way San Fernando City La UNION.

GADDI FORCE SECURITY &22222222222222222 TERP ASIA CONSTRUCTION

CORP.111111111111111111111111
PHILIPPINE RAPTORS SECURITY
AGENCY
INVESTIGATION AGENCY INC. - CLIENT-SERVICES
CORPORATION.
- AGENCY- TERP ASIA CONSTRUCTION CORP.
- CLIENT-

By: By:
MR. DENIS P. GADDI333333333333333333MR. EDMUND L. HUFANA
ENGR. GODFREY ARANZASORAMEL DE CASTRO444444444444444444444
Branch Manager Projectgram Manager

SIGNED IN THE PRESENCE OF:

_______________________
Signature over printed name Signature over printed name
 ACKNOWLEDGMENT

Republic of the Philippines}

City of PARALA UNION ÑAQUE } S.S.

BEFORE ME, personally appeared __________________and MR. DENIS

GADDI____________________________ EDMUND L, HUFANA exhibiting to me their identification
cards as proof of their identity, to wit:

DENIS GADDIEDMUND L. HUFANAAAAAAA

I.D. Type & No.: ___________________________ Valid until: ______________

GODFREY ARANZASORAMEL DE CASTROSSSSSSSS

I.D. Type & No.:____________________________ Valid until:_______________.

both known to be the same persons who executed the foregoing instrument and acknowledge to
me the same are their free, voluntary acts and deeds.

WITNESS MY HAND AND SEAL, this __________________________.

Doc No_____________;
Page No ____________;
Book No____________;
Series of ____________.
 ANNEX A
QUALITIES OF A SECURITY GUARD
1. PHYSICAL FITNESS – Must be healthy, agile, physically capable to defend and protect self and
the client when necessary.

2. QUICK THINKING - The ability to use initiative and make the right decisions quickly and logically,
particularly in conflict and emergency situations.

3. ATTITUDE – An approachable, receptive and polite attitude is helpful in all situations, whilst a calm
yet assertive demeanor must be maintained at all times.

4. OBSERVATION – An eye for detail and the ability to understand body language is essential to
monitor crowds, and intercept and pre-empt problems before they escalate.

5. PRESENTATION – A clean, smart, positive image should be maintained at all times to establish
credibility (at least 5’8” in height, maximum waistline is 35 inches, crew cut hair).

6. RELIABILITY – Maintaining professional integrity and exercising honesty and dependability is

essential when taking care of the interests of the client and the general public.

7. COMMON SENSE – Common sense and good judgment is fundamental when dealing with
sensitive situations. Appropriate protocol must be heeded at all times.

8. COMMUNICATION – Strong verbal, non-verbal and written communication is essential when

dealing with team, clients, and general public to de-escalate tentative situations. Listening is key
for effective communication.

9. KNOWLEDGE – No security operative can be effective without attaining the relative knowledge
and training required for the role.

11 GENERAL ORDERS

1. To take charge of this post and all properties in view and to protect/preserve the same with utmost
diligence.
2. To walk in an alert manner during my tour of duty, keeping always on the alert and observing
everything that takes place within sight or hearing.
3. To report all violations of orders I am instructed to enforce.
4. To relay all calls from posts more distant from the guard house than my own.
5. To quit my post only when properly relieved.
6. To receive, obey, and pass on to the one relieving me all orders from company officers or officials,
supervisors, post-in-charge or shift leaders.
7. To talk to no one except in line of duty.
8. To give the alarm in the case of fire of disorder.
9. To call the superior officer in any case not covered by instructions.
10. To salute all company officials, superiors in the agency, ranking public officials and officers of the
Philippine National Police.
11. To be especially watchful at night and during the time for challenging, to challenge all persons on
or near my post, and to allow on one to pass or loiter without proper authority.

CODE OF ETHICS

1. As a security agent, his fundamental duty is to serve the interest or mission of his agency in
compliance with the clients of the agency he is supposed to serve.
2. He shall be honest in thoughts and deeds both in his personal and official actuations, obeying the
law of the land and the regulations prescribed by his agency and those established by the
company he is supposed to protect.
3. He shall not reveal any confidential matter that is confided to him as security guard and such other
matters imposed upon him by law.
4. He shall act at all times with decorum and shall not permit personal feelings, prejudices and undue
friendship to influence his actuation in the performance of his official functions.
5. He shall not compromise with criminals and other lawless elements to the prejudice of the
customer or his client but assist government in its relentless drive against lawless ness and other
forms of criminality.
6. He must carry his assigned duties as security guard or watchman as required by law to the best of
his ability and safeguard life and property to the establishment he is assigned.
7. He shall wear his uniform, badge, patches and insignia properly as a symbol of public trust and
confidence as an honest and trustworthy security guard, watchman and private detective.
8. He must keep his allegiance first to the government, to the agency he is and to the establishment
he is assigned to serve with loyalty and dedicated service.
9. He shall diligently and progressively familiarize himself with the rules and regulations laid down by
his agency and that of the customer or clients.
10. He shall at all times be courteous, respectful and salute to his superior officers, government
officials and officials of the establishment where he is assigned and the company he is supposed
to serve.
11. He shall report to perform his duties always in proper uniform and neat in his appearance.
12. He shall learn at heart or memorize and strictly observe the laws and regulations governing the
use of firearms.

CODE OF CONDUCT

1. To carry with him at all times during his tour of duty his license and identification card and the
permit to carry firearms.
2. He shall not use his license and privileges to the prejudice of the public, clients or customers and
his agency.
3. He shall not engage in any unnecessary conversation with anybody except in discharge of his
duties or sit down unless required by the nature of his work and at all times keep himself alert
during his tour of duty.
4. He shall not read newspapers, magazines, books etc. while actually performing his duties.
5. He shall not drink intoxicating liquor immediately during or before his tour of duty.
6. He shall know the location of the fire alarm box near his post and to sound the alarm in case of fire
or disorder.
7. He shall know to operate the fire extinguisher at his post.
8. He shall know the location of the telephone/and the telephone number of the police precincts as
well as the telephone number of the fire stations in the locality.
9. He shall immediately notify the police in case of any sign of disorder, strikes, riot, or any serious
violation of the life and property.
10. He shall familiarize himself with the Private Security Agency Law (RA No. 5487) and the
implementing rules and regulations.
 ANNEX B
REPUBLIC ACT No. 5487

AN ACT TO REGULATE THE ORGANIZATION AND OPERATION OF PRIVATE DETECTIVE,

WATCHMEN OR SECURITY GUARDS AGENCIES.
(Rep. Act No. 5487, as amended by Presidential Decree No. 11.)

Section 1. Short Title of Act. This Act shall be known as "The Private Security Agency Law."

Section 2. Scope of this Act. The organization, operation, business and activities of private detectives,
watchmen or security guards agencies shall be governed by the provisions of this Act.

Section 3. Definition of Terms. (a) Person. As used in this Act, person shall include not only natural persons
but also juridical persons such as corporation, partnership, company or association duly registered with the
Securities and Exchange Commission and/or the Bureau of Commerce. (b) Private Detective Agency. A
private detective agency is any person, who, for hire or reward or on commission, conducts or carries on or
holds himself or itself out as conducting or carrying on a detective agency, or detective service. (c) Private
Detective. A private detective is any person who is not a member of a regular police agency of the Armed
Forces of the Philippines who does detective work for hire, reward, or commission. (d) Watchman or Security
Guard, Watchman or Security Guard Agency. Any person who offers or renders personal service to watch or
secure either residential or business establishment, or both, or any building, compound, or area including but
not limited to logging concessions, agricultural, mining or pasture lands for hire or compensation, or as an
employee thereof shall be known as watchman or security guard; and any person, association, partnership, or
corporation, who recruits, trains, muster, furnishes, solicits individuals or business firms, private or
government-owned or controlled corporations to engage his service or those of its watchmen, shall be known
as Watchman of Security Guard Agency. (As amended by Pres. Decree No. 11, October 3, 1972.)

Section 4. Who May Organize a Security or Watchman Agency. Any Filipino citizen or a corporation,
partnership, or association, with a minimum capital of five thousand pesos, one hundred per cent of which is
owned and controlled by Filipino citizens may organize a security or watchman agency: Provided, That no
person shall organize or have an interest in, more than one such agency except those which are already
existing at the promulgation of this Decree: Provided, further, That the operator or manager of said agency
must be at least 25 years of age, a college graduate and/or a commissioned officer in the inactive service of
the Armed Forces of the Philippines; of good moral character; having no previous record of any conviction of
any crime or offense involving moral turpitude and not suffering from any of the following disqualifications:

(1) Having been dishonourably discharged or separated from the Armed Forces of the Philippines;

(2) Being a mental incompetent;

(3) Being addicted to the use of narcotic drug or drugs; and

(4) Being a habitual drunkard. 1awphil.net

For purposes of this Act, elective or appointive government employees who may be called upon on account of
the functions of their respective offices in the implementation and enforcement of the provisions of this Act
and any person related to such government employees by affinity or consanguinity in the third civil degree
shall not hold any interest, directly or indirectly in any security guard or watchman agency. (As amended by
Pres. Decree No. 11.)

Section 5. Qualifications Required. No person shall be employed as security guard or watchman or private
detective unless he is: (a) a Filipino citizen; (b) a high school graduate; (c) physically and mentally fit; (d) not
less than 21 nor more than 50 years of age; (e) at least 5 feet and 4 inches in height; and (f) suffering none of
the disqualifications provided for in the preceding section: Provided, That foreigners who are already
employed as watchmen or security guards prior to the approval of this Act shall not be subject to the above-
mentioned requirements: Provided, further, That veterans shall be given priority in employment as security
guard, watchman or private detective: And provided, finally, That person convicted of any crime involving
moral turpitude shall not be employed as security guard, watchman or private detective.

Section 6. License Necessary. No person shall engage in the business of, or act either as a private detective,
or detective agency; and either engage in the occupation, calling or employment of watchman or in the
business of watchman's agency without first having obtained the necessary permit from the Chief, Philippine
Constabulary which permit as approved is prerequisite in obtaining a license or license certificate: Provided,
That all existing private detective or watchman or security guard agencies shall have a period of one (1) year
from the approval of this Act to secure the said license: Provided, further, That existing agencies, and any
new agency which may hereafter apply for a license, certify under oath that their private detectives,
watchmen or security guards, have received the appropriate training from either the Philippine Constabulary,
the National Bureau of Investigation, any local police department, or any other public institution duly
recognized by the government to conduct police training.

Section 7. Application for License. The application shall be made in writing and shall be filed with the Chief,
Philippine Constabulary. It shall contain the full name of the applicant, his age, civil status, his residence, and
location of business. If the applicant is a corporation, association or partnership, a copy of the certificate of
registration with the Securities and Exchange Commission together with its by-laws and articles of
incorporation, with the Bureau of Commerce.

Section 8. Fees to be Paid and Bonds. When all requisites for the issuance of the license have been
complied with, the Chief of the Philippine Constabulary or his duly authorized representative shall issue a
permit for the issuance of such license and register the same in his office, upon payment by the applicant of
the fee in accordance with the following schedule:

(a) the sum of one hundred pesos per annum as national license;

(b) the sum of fifty pesos per annum as municipal license fee in any city where it may operate, the
said fee to be payable to the city treasurer concerned;

(c) the sum of twenty-five pesos per annum as municipal license fee for any municipality where it may
operate, the said fee to be payable to the municipal treasurer concerned;

(d) the private Detective and Watchman Agency shall in addition to the above pay a fixed Internal
Revenue Tax of one hundred pesos per annum in lieu of percentage taxes;

(e) the individual private detective and/or watchman shall pay for Mayor's Permit, Health and/or
Sanitary fee an amount not exceeding three pesos per annum and the agency shall pay the sum not
exceeding ten pesos for the Mayor's Permit and Health and/or Sanitary fees; and

(f) the Chief of the Philippine Constabulary or his duly authorized representative shall issue an
appointment over his signature and affix the seal of his office, to each license and for each such
appointment, the sum of one peso shall be paid. 1awphil.net

The application shall further be accompanied by a bond issued by any competent or reputable surety or
fidelity or insurance company duly accredited by the office of the Insurance Commissioner in the sum of not
less than five thousand pesos nor more than ten thousand pesos in the discretion of the Chief, Philippine
Constabulary, which bond shall answer for any valid and legal claim against the agency by its clients or
employees: Provided, That licenses issued in the province of an authorized representative of the Chief of
Constabulary is subject to review by the Chief of Constabulary.

Any provision of this or other law to the contrary notwithstanding, the Chief of Constabulary may, at any time
suspend or cancel the licenses of private watchman or security guard agency found violating any of the
provisions of this Act or of the rules and regulations promulgated by the Chief of Constabulary pursuant
thereto. (This paragraph was inserted by Sec. 3, Pres. Decree No. 11.)

Other provisions of Pres. Decree No. 11

Any person who commit any act in violation of Republic Act No. 5487 and of this Decree, and the
implementing rules and regulations already promulgated which are not in conflict herewith, and those to be
promulgated by the Chief of Constabulary pursuant hereto, shall, on conviction thereof, suffer imprisonment
of from ten to fifteen years and a fine of not less than ten thousand pesos nor more than fifteen thousand
pesos as a military court/tribunal or commission may direct.

The Chief of Constabulary shall promulgate the necessary rules and regulations to carry out the provisions of
this Decree.

Section 9. Employees Need Not be Licensed. Every person operating, managing, directing or conducting a
licensed private detective or watchmen agency shall also be considered licensed private detective, or
watchman and no person shall be employed or used in a private detective work unless he be a licensed
private detective or watchman: Provided, That nothing in this section shall be construed as requiring detective
license for persons employed solely for clerical or manual work.
Section 10. Display of License. The license shall be displayed at all times in a conspicuous and suitable
place in the agency office or headquarters of the agency and shall be exhibited at the request of any person
whose jurisdiction is in relation with the business of the agency or the employees thereof, or of the Chief of
the Philippine Constabulary or his duly authorized representative or any peace officer.

Section 11. Supervision of the Philippine Constabulary. Upon approval of this Act, the Philippine
Constabulary shall exercise general supervision over the operation of all private detective and watchman or
security guard agencies.

Section 12. Powers of City or Municipal Mayors in Cases of Emergency. In case of emergency or in times of
disaster or calamities where the services of such agencies arise, the City or Municipal Mayor, as director of
Civil Defense, may muster or incorporate the services of the agency nearest the area where such emergency,
disaster or calamity arises and its duly licensed personnel to help maintain peace and order; and/or the
prevention or apprehension of law violators and in the preservation of life and property. Deputized private
detectives, watchmen or security guards shall take direct orders from the Chief of Police for the duration of
the fire, inundation, earthquakes, riots or other emergencies.

Section 13. Issuance of Firearms. A watchman or security agency shall be entitled to possess firearms after
having satisfactorily passed the requirements prescribed by the Chief, Philippine Constabulary pertinent to
the possession of firearm of any caliber not higher than 45 caliber in a number not exceeding one firearm for
every two watchmen or security guards in its employ: Provided, however, That a watchman or security agent
shall be entitled to possess not more than one riot gun or shotgun in order to provide adequate security when
circumstances so demand: Provided, further, That all the firearms mentioned herein shall be carried by the
watchman or security guard only during his tour of duty in proper uniform within the compound of the
establishment except when he escorts big amounts of cash or valuables in and out of said compound.

Section 14. Uniform. The uniform of watchman or security guard as well as those organized, maintained or
under the employment of the government or any government-owned and/or controlled corporations, agencies
or entities, shall be different from the uniform worn and prescribed for members of the Armed Forces of the
Philippines, City and Municipal Police Force. The Chief, Philippine Constabulary, through his duly authorized
representative shall prescribed the uniform or ornaments, equipment and paraphernalia to be worn by the
security guards and watchmen throughout the Philippines.

Section 15. Compensation of Watchmen or Security Guards. Watchmen or security guards shall receive a

salary not lower than that prescribed in the Minimum Wage Law.

Section 16. Limitations and Prohibitions. 1. On Membership: (a) No agency operating in the City of Manila
and suburbs may employ more than 1,000 watchmen or security guards; (b) no agency operating in other
cities and first class municipalities may employ more than 500 watchmen or security guards; (c) no agency
operating in municipalities other than first class may employ more than 200 watchmen or security guards.

2. On Organization: No person, corporation, partnership or association may organize more than one
agency in any one city or municipality.

3. On Service: No agency shall offer, render or accept its services to gambling dens or other illegal
enterprises. The extent of the security service being provided by any security agency shall not go
beyond the whole compound or property of the person or establishment requesting the security
service except when they escort big amount of cash.

Section 17. Rules and Regulations by Chief, Philippine Constabulary. The Chief of the Philippine
Constabulary, in consultation with the Philippine Association of Detective and Protective Agency Operators,
Incorporated and subject to the provisions of existing laws, is hereby authorized to issue the rules and
regulations necessary to carry out the purpose of this Act.

Section 18. Penal Provisions. Any violation of this Act or the rule or regulation issued hereunder shall be
punished by suspension, or fine not exceeding P200.00 or cancellation of his or its licenses to operate,
conduct, direct or manage a private detective, watchman or security guard agency and all its members in the
discretion of the court together with the forfeiture of its bond filed with the Philippine Constabulary.

If the violation is committed by those persons mentioned under paragraph two, section four of this Act the
penalty shall be imprisonment ranging from one to four years and fine ranging from one to four thousand
pesos in the discretion of the court.

Section 19. Repealing Clause. All laws, rules, resolutions, municipal ordinances, regulations and
administrative orders contrary or inconsistent with the provisions hereof are hereby repealed.
Annex C

Security License