June 15, 2007



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December 13, 2007

Atty. Avelino Sumagui

President

Integrated Bar of the Phils., Cavite Chapter

Thru: Ms. Anniefe Liveta

Cavite-Varias

Dear Atty. Sumagui,

We are pleased to submit to you our Comprehensive Employee Benefit Package for your company. It is inclusive of the following benefits:

✓ Group Yearly Renewable Term Life Insurance - financial assistance extended to the family of an insured member who meets his untimely demise

✓ Classic Corporate Personal Accidental Death & Dismemberment (PA) - an amount over and above the Life Insurance for death or dismemberment due to accident

✓ Total & Permanent Disability Income Benefit (TPDIB) - a monthly income provided to an insured employee rendered totally & permanently disabled

Rates are inclusive of the government-mandated Documentary Stamp Tax.

Details of our offer are on the following pages. Should you need more information, please do not hesitate to get in touch with us at 754-3812 to 18 or through your servicing agent, Ms. Anniefe Liveta.

It will be our privilege to serve the group insurance needs of your company.

Sincerely yours,

MA. GWENN G. GOMEZ

Corporate Accounts Officer

Group and Credit Insurance Division

A MEMBERSHIP BENEFIT PACKAGE

ESPECIALLY DESIGNED FOR

INTEGRATED BAR OF THE PHILS.

CAVITE CHAPTER

BY

GROUP & CREDIT INSURANCE DIVISION

INTEGRATED BAR OF THE PHILS.- CAVITE CHAPTER

SUMMARY OF BENEFITS

LIFE INSURANCE

• 24-hour coverage against loss of life due to natural or accidental causes

• Insurance protection without geographic limits

• Maximum protection at the least cost

CLASSIC CORPORATE PERSONAL ACCIDENT

Accidental Death – Payment of the Principal Sum when loss of life results from an

accident or injuries caused by an accident.

Accidental Dismemberment and Loss of Use – Provides a percentage of the

Principal Sum corresponding to a schedule when injury results in an Accidental

Dismemberment or Loss of Use of various parts of the employee’s body.

Accidental Dismemberment or Loss of Use of Limbs

Both hands 100%

Both Feet 100%

One hand and One foot 100%

One hand 50%

Arm between elbow and wrist 60%

Leg at or above knee 70%

Loss of sight

Both eyes 100%

One eye 50%

Loss of speech 100%

Loss of hearing

Both ears 100%

One ear 50%

Accidental Dismemberment or Loss of Use of Fingers

All of one hand 50%

Thumb 15%

Index Finger 10%

Middle Finger 6%

Ring Finger 5%

Little Finger 4%

Loss of Use of Metacarpals (first or second) 3%

Loss of Use of Metacarpals (third, fourth, fifth) 2%

Accidental Dismemberment or Loss of Use of Toes

All of One Foot 25%

Great Toe 5%

Other than great, each toe 1%

Fractured leg or patella with established non-union 10%

Shortening of the leg by at least 5 cm. 7.5%

Accidental Permanent Total Disability – A monthly cash benefit equal to 3% of the

Principal Sum paid on the 7th month of continuous, permanent and total disability for

32 months, and 4% of the Principal Sum on the 33rd month.

Coverage Limitation for Murder – Pays up to 100% of the Principal Sum, but not exceeding P 2M for injuries due to murder or any attempt thereof. Up to 100% of the benefits payable for injuries due to homicide or any attempt not occasioned by provocation of the Member.

Flying Coverage - Pays a benefit if the employee suffers an injury while a passenger of

a commercial aircraft.

Renewal Bonus – Offers an increase of five percent (5%) on the original Principal

Sum upon renewal of the Policy, each year up to a maximum of five (5) consecutive

years.

|The final Interpretation of any specific provision or its applicability is subject to the provisions of the Master Policy issued by the |

|Philippine American Life & General Insurance Company, as accepted by the Assured Company. |

I. SCHEDULE OF BENEFITS

| |

|Amount of Coverage |

|Benefits: |Option 1 |Option 2 |

|LIFE Insurance |P 200,000.00 |P 500,000.00 |

|Corporate PA (AD&D) |200,000.00 | 500,000.00 |

|TPDIB |200,000.00 |500,000.00 |

II. PREMIUM EXHIBIT

Total Number Of Members Costed – 453

Less No dates of Birth - 315

| |

|Volume of Insurance |

|Option 1 |P 90,600,000.00 |

|Option 2 |P 226,500,000.00 |

| |

|Estimated Initial Annual Premium |

|Benefits: |Rate per | |Rate per | |

| |1,000 |Option 1 |1,000 |Option 2 |

|LIFE |P 3.68 |P 333,408.00 |P 3.48 |P 788,220.00 |

|AD&D |0.40 |36,240.00 |0.40 |90,600.00 |

|TPDIB |0.61 |55,266.00 |0..61 |138,165.00 |

|Total Premium | |P 424, 914.00 | |P 1,016,985.00 |

General Coverage Guidelines

1. Rates are inclusive of the government-mandated Documentary Stamp Tax equivalent to P0.50 per P200.00 of total premium.

2. Eligibility: All regular, full-time, actively at work employees, ages 18 – 64.

3. Participation Requirement: If the plan is on a contributory basis, at least 75% of all eligible employees are required to enroll. If the plan is on a non-contributory basis, a 100% participation is required.

4. Suicide is not covered on the first year.

Classic Corporate PA Guidelines

□ Eligibility: All regular, Active member in good standing, actively performing the daily normal chores of life, ages 18 – 64.

□ Maximum coverage is 10x the annual income or P20 million, whichever is less

□ The maximum aggregate liability of the Company per any one accident under the Policy shall be 200 times the annual premium being paid on the policy, or P 2,500,000, whichever is lesser. In the event the said maximum aggregate liability for any one accident is insufficient to pay the full amount of indemnity for each and all insured persons, then the amount payable to each Insured shall be reduced in proportion to the maximum aggregate liability for any one accident. In the event of a single accident involving several insured persons, any amount of premiums paid in excess of the premiums corresponding to the maximum aggregate liability for any one accident will be refunded to the Assured

□ EXCLUSIONS - Any loss or expense caused by or resulting from the following will not be paid:

1. Suicide

2. War, Invasion or Act of Foreign Enemy

3. Service in the Armed Forces of any country or international authority whether in peace or war.

Philamlife reserves the right to withdraw or modify the proposal should there be any material change in the underwriting assumptions such as the nature of business, number of lives, etc.

Date Prepared: December 13, 2007

Expiration Date: February 13, 2008

DAE * GGG

Makati City

Agent: Ms. Anniefe Liveta, Philam Life, Cavite- Varias Agency

VALUE-ADDED BENEFITS

1) Installation Service

Philamlife’s Group & Credit Insurance Division (GCID) conducts product orientation seminars to the insured members to provide them with an understanding of the benefits of the program and an appreciation of what their company has given them.

2) Life Certificates

GCID issues life insurance certificates to each insured member of the company.

3) Compass

Compass is GCID’s totally dedicated computer system for corporate accounts, thus allowing for more efficient servicing and proper monitoring of one’s needs.

4) Administrative Servicing Teams

GCID assigns an administrative team to assist you with after-sales concerns such as employee additions or deletions, billing, claims and renewal matters.

SPECIAL SERVICES

Philamlife is more than just a group insurance provider. We are a financial institution equipped and prepared to provide a wide array of employee benefits. Aside from Group Life Insurance, we have other means by which to enhance or supplement your benefits. We can link you with any of the following services listed below.

WORKSITE EMPLOYEE BENEFIT PROGRAM

This plan helps an employee to cultivate the habit of saving for the future by investing in any of the following thru a monthly salary deduction arrangement: whole life plans, endowment plans, educational plans, accident & health plans or retirement plans.

THE FAMILY ASSISTANCE SERVICE

In case of the death of an employee or his family member, Philam Plans, our affiliate pre-need company, shall assist in securing the appropriate final services. Although the family of the deceased will still take care of the final expenses, they now have the expertise of a professional in securing the services they want.

❑ GROUP VOLUNTARY LIFE INSURANCE

This allows an employee to secure cost-effective, maximum life insurance protection for himself and for his dependent spouse and children, through the convenience of salary deduction.

❑ MUTUAL FUNDS

For employees who are inclined to invest, our affiliate asset management company, PAMI allows the employee easy access to enter the complex financial market.

❑ HEALTH CARE BENEFITS

Our affiliate, PhilamCare, provides preventive and curative health care services as well as hospitalization benefits for your employees.

AIG VISA CARD

For companies in the Top 1000 and who have been in operation for 5 years, the AIG Visa card may be availed for their employees (Qualified employees are those who are earning at least P180,000.00 gross annual income). Membership fees and joining fees for the first year are waived.

MOTOR CAR, RESIDENTIAL, FIRE COVERAGE

Employees can easily avail of additional protection for their valued properties. Helps them protect their homes against fire, and their cars against loss or damage.

If you would like to know more about these benefit programs, please check the box provided and fax this sheet back to us at 528-2458. We will send you more details of the plan/s.

________________________ __________________________ __________________________

COMPANY NAME Contact Person/ Designation Contact Number

The Philippine American Life and General Insurance Company is the largest and most diversified insurance company in the Philippines, and the undisputed market leader for over half a century. Philamlife offers the most comprehensive range of life and general insurance products that provide protection, savings and investments, education, accident and health coverage. Philamlife has more than a million individual and corporate policyholders, and maintains the most extensive network of offices and sales agencies nationwide.

Philamlife’s affiliate business includes a wide range of diversified financial services in health care, pre-need plans, mutual funds, credit cards, banking, property and casualty insurance, and property development.

Philamlife is a member company of American International Group, Inc. (AIG).

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris, Switzerland and Tokyo.

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