11. Employment Restriction
      The CLIENT shall not employ, directly nor indirectly, any of the SECURITY COMPANY'S officers, employees and former employees who have been out of the SECURITY COMPANY'S employfor less than six (6) months during the time of their contract or within six (6) months after its termination

      12. Guards Performance Bond
      That the SECURITY COMPANY shall furnish the CLIENT a good and sufficient Performance Bond acceptable to the latter in the sum of PESOS TWO HUNDRED THOUSAND & 00/100 ONLY (P200,000.00) to insure the faithful execution of this Contract and as guarantee against any claim of the client for losses and/or damages to CLIENT's property which are due to the international act or omission and/or negligence of the gurads. However, losses and/or damages which are not of considerable amount may be compensated through the monthly remittance to the SECURITY COMPANY.

      13. Term of Contract
      This Contract shall take effect on _____________________________ and shall be for a period of one (1) year from said date. Unless for good CLIENT can preterminate this agreement for grounds or causes it may deemed proper to protect its interest.

14. All judicial and extra-judicial expenses which shall be incurred by the SECURITY COMPANY in connection with the performance by its guards of their duties and functions shall br for the account of the SECURITY COMPANY.

15. Either party may terminate this Contract for any legal and/or valid cause at any time by written notice given to the other party prior to the intended date of termination.
      In case of litigation arising from or in connection with this Contract, venue of action shall be in the proper Regional or Metropolitan Trial Court of Makat and theamount equivalent to 25% of the amount claimed shall be due and demandable as attorney's fees.

      IN WITNESS WHEREOF, the parties have hereunto set their hands at the place and on the date first stated above.




VASSAR INDUSTRIES, INC.                         JAGUAR SECURITY & INVESTIGATION
                                                                                                      AGENCY
               (Client)                                                                  (Security Company)

By:                                                                      By:

     ANTONIO F. CHUA                                                  CESAR BENGZON POE