CONTRACT OF AGREEMENT FOR ACCOUNTING SERVICES

KNOW ALL MEN BY THESE PRESENTS

This Contract made and executed this day of at the City

of____________________by and between: DV CONSULTING INC., with main business address at Benrosi V
Building, Kamagong St., Makati., _______________as represented by its President & CEO, DANHILSON O. VIVO and
herein referred to as the “DV”.

And

, represented herein by its with

business at __________________ City and herein referred to as the “CLIENT”,

WITNESSETH THAT

WHEREAS, DV has offered services and the CLIENT who is in need of such services accepts the same.

NOW THEREFORE, for any in consideration of the foregoing premises and the covenants hereunder set forth,
the parties hereby agree, as follows:

A. BASIC PROVISIONS

Our Responsibility

For a project based setup starting from signing this engagement letter, we will provide you the following
services:

1. FS Audit (Income Statement, Balance Sheet and State of Cash Flows)

2. Fixed Assets Audit
3. Accounts Receivables and Accounts Payables Audit
4. Process Audit
5. Assessment if the business is profitable based on the Audit Conducted

Scope and limitation of our services

Our engagement is limited to the period and the accounting services indicated in this contract.

Client Responsibility

1. Responsible for adopting sound accounting policies, for maintaining an adequate and efficient
accounting system, for safeguarding assets, for authorizing transactions, for retaining supporting
 documentation for those transactions, and for devising a system of internal controls that will,
among other things, help assure the preparation of proper financial statements. Furthermore,
you are responsible for management decisions and functions, for designating a competent
employee to oversee any of the services we provide, and for evaluating the adequacy and results
of those services.
2. Responsible for the design and implementation of programs and controls to prevent and detect
fraud, and for informing us about all known or suspected fraud affecting the Company involving
(a) management (b) employees who have significant roles in internal control, and (c) others
where the fraud could have a material effect on the financial statements.
3. You are also responsible for informing us of your knowledge of any allegations of fraud or
suspected fraud affecting the Company received in communications from employees, former
employees, regulators, or others.
4. In addition, you are responsible for identifying and ensuring that the entity complies with
applicable laws and regulations.
5. Responsible to provide us the following documents:
a) DTI/ SEC Registration
b) BIR 2303 / Certificate of Registration
c) Mayor's Permit
d) FS to be audited
e) List of Fixed Assets
f) Process Flow
g) Other documents as requested

6. In order for us to complete this engagement, and to do so efficiently, we require unrestricted

access to the following documents and information concerning your company:
a. Copies of basic documents reflecting your financial transactions, summaries of cash
receipts and sales (cash and credit), bank statements and canceled checks, listings of
accounts receivable and accounts payable, and documentary support of property and
equipment transactions-purchases, trades, sales, and other dispositions;
b. Information concerning any mortgage or pledge of business assets on business debts,
any personal guarantees or debt, leases, or other information that effects or may affect
the results of operations of the business;
c. Any other financial information necessary for purpose of reflection on your accounting
records, trial balance and tax returns;
d. Identification of all cash receipts as to source (i.e., loans, sales, etc.), and information
concerning all transactions that are consummated with cash. Any failure to provide such
documents and information, and to do so on a timely basis, will impede our services,
and may require us to suspend our services or withdraw from the engagement. You
agree to accept responsibility for any effect on your accounting records and financial
statements of basic financial information or transaction documents not submitted to us
for processing and entry, or losses that may result from their absence. For purposes of
entry of the financial information from your basic transaction documents, classification
according to the agreed-upon chart of accounts will be performed by you or your
employees. As business conditions change, we may mutually agree to change/modify
this arrangement.
7. All information received by the respective parties shall be kept confidential and shall only be
disclosed upon the consent of the latter, including but are not limited to financial statements,
Articles of Incorporation and By Laws, business practices and models, etc. as the case may be.
8. Pre-termination clause. Termination shall only take effect upon expiration of the said period
mentioned above. All deposits and advances shall be forfeited by DV in case of pre-termination
of the said contract.

Retention Policy:
In conformity with the BIR requirements, we suggest that you adopt a 5 year policy to keep all the accounting
records and work papers related to the engagement. When records are returned, it is your responsibility to retain
and protect them for future use, potential examination by any government or regulatory agency, prospective
buyers of your business and acquiring business loans.

B. MISCELLANEOUS

a. No amendments or waiver of any provision of this Contract shall in any event be effective unless
the same shall be in writing and signed by the parties.

b. If any legal action arises for reason of breach or violation of this agreement, each party shall engage
the services of legal counsel.

c. The parties agree that any legal action or proceeding herein relating to this agreement shall be filed
in the proper courts of at the option of the complaining party.
C. OUR FEE POLICY:

Our professional fee for these services will be TWENTY THOUSAND PESOS (PHP 20, 000.00), net of applicable
taxes. An advance payment equivalent to TEN THOUSAND PESOS (PHP 10,000.00) is due at the time of
engagement. This will be subtracted to the final billing. Transportation cost for monthly meeting will be billed
separately and must be shouldered by the client at the rate of PHP 500/visit. Any additional services requested
will be billed separately. All invoices are due and payable upon presentation. Billings become delinquent if not
paid within 15 days of the invoice date. If billings are past due in excess of 45 days, we will stop all work until
your account is brought current, or you withdraw from the engagement. The client acknowledges and agrees
that we are not required to continue work in the event of failure to pay on a timely basis for services rendered
as required by this engagement letter. The client further acknowledges and agrees that in the even we stop
work or withdraw from this engagement as a result of the client’s failure to pay on a timely basis for services
rendered as required by this engagement letter, we, DV , shall not be liable for any damages that occur as a
result of ceasing to render services.

Bank Account Details:

Name of Bank: Security Bank

Account Name: D.VIVO Accounting Services
Account Number: 0000041324043

D. Data Protection

DV recognizes its responsibilities under the Republic Act No. 10173, also known as the Data Privacy Act of
2012 with respect to the data they collect, record, organize, update, use, consolidate or destruct from the
client. The personal data obtained from the client through emails and print out documents is stored within
the firm’s system and will only be accessed by DV and DV authorized personnel.

Your professional information is collected and processed by DV acting as a data controller providing the
following responsibilities:
- To provide accounting services to you including but not limited to payroll accounting and processing,
maintenance of books of accounts, monthly and quarterly filing of tax returns, monthly financial reporting
- To manage our business operations and administer our client relationships, in order to perform our
obligations under our contract with you

We keep your data for the duration of our contractual relation. You may access your personal data or request
the erasure thereof. Moreover, you have a right to be informed, right to object, right to access, right to rectify,
and right to damages subject to the rules and regulations of DPA 2012.

IN WITNESS WHEREOF, the parties have signed this Subscription Agreement at the place and date mentioned
above.
For DV: For CLIENT:

Name: DANHILSON OLIVEROS VIVO Name:

Designation: President & CEO Designation:
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES

( ) S.S.

I certify that on this date, before me, a Notary Public, duly authorized in the city named above to
take acknowledgments, personally appeared:

Name Competent Evidence of Identity Issue date/ place

DANHILSON OLIVEROS VIVO

who are personally known to me and identified by me through competent evidence of identity to be the same
persons described in the foregoing instrument, who acknowledged before me that their respective signatures on
the instrument were voluntarily affixed by them for the purposes stated therein and who declared to me that they
have executed the instrument as their free and voluntary act and deed and that they have the authority to sign on
behalf of their respective principals.

WITNESS MY HAND AND SEAL this.

Notary Public

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