CONTRACT OF GUARD SERVICES


KNOW ALL MEN BY THESE PRESENTS:



      This contract mde and executed this ________________________________________ at _____________________________ by and between:

      VASSAR INDUSTRIES, INC. a corporation duly organized and under by virtue of the laws of the Republic of the Philippines Makati, Metro Manila duly represented herein by its President, Mr. Antonio F. Chua, hereinafter referred to as "CLIENT".


- and -

      JAGUAR SECURITY & INVESTIGATION AGENCY a corporation duly organized and existing under by the virtues of the laws of the Republic of the Philippines with business address at David Building I, 567 Shaw Boulevard, Mandaluyong, Metro Manila, duly represented by its Executive Director, Cesar Bengzon Poe, hereinafter referred to as "SECURITY COMPANY",, as evidenced by its duly approved Board Resolution thereto attached as Annex "A" of this contract.

- WITNESSETH that -

      WHEREAS, the CLIENT, desires to engage the srvices of the SECURITY COMPANY for the purpose of maintaining law and order at its premises located at 7272 Malugay Street and Yakal Street Makati Metro Manila by protecting and guarding its property from all forms of criminality and irregularities but not limited to theft, robbery, arson destruction or damage as well as protecting its officers, employees, visitors and regulations relative to maintenance of security and sfety thereat. Copy of the CLIENT's premises covered by this agreement is thereto attached as Annex "B".

      WHEREAS, the SECURITY COMPANY is a duly licensed and bonded security agency operating under the provisions of Republic Act No. 5487 as amended, registered and accredited with PNP-SUSIA, Camp Crame, Q.C.
      NOW, THEREFORE, for and in consideration of the foregoing premises of the mutual covenants and provisions hereafter set forth the parties hereto have agreed and do hereby mutually agree as follows:

1. Place and Location
      The SECURITY COMPANY shall provide security guard services to the CLIENT at its premises located at 7272 malugay Street, Makati, Metro Manila.

2. Functions and Duties of Guards
      The guards are to maintain general peace and order at the aforementioned premises and specifically, to watch, safeguard and protect the property of the CLIENTfrom theft, robbery, arson and destruction or damages, to protect the directors, officers, harrasment, threat or intimidation; and to enforce and implement rules, policies and regulations of the CLIENT aimed at maintaining security and safety thereat.

3. Guard Forces
      The SECURITY COMPANY shall initially provide the CLIENT with the necessary number og duly qualified and licensed Security guards, which must first be pre-approved by the CLIENT, who shall each render twelve (12) hours work per day at Ten Thousand Four Hundred Ninety One and 95/100 (P10,491.95) per guard (12 hours duty).
      The number of contracted and detailed guards may be increased or decreased at any time on written request of the CLIENT.
      Please refer to Annex "C" for the actual number of Security Guards needed at the time of the signing of this contract.

4. Qualification of Guards
      Each of the security guards to be assigned by the SECURITY COMPANY to the client must be:

      a. of good moral character and reputation, courteous, alert and without criminal or police record;
      b. physically and mentally fit and not less than 21 nor more than 40 years of age and at least five feet four inches (5'4") in height;

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