July 27, 2010


MR. JONATHAN S. BUCALA
General Manager
MERIT PROTECTION & INVESTIGATION AGENCY, INC.
2/F # 12 Xaviervill Ave., cor. Pajo Street
Loyola Heights, Quezon City

Dear Mr. Bucala:

We are pleased to inform you that your bid proposal for the provision of security services for the calendar year 2010-2011 amounting to Two Million Three Hundred Twenty Nine Thousand Eight Hundred Seventy Five Pesos & 36/100 (P2,329,875.36), VAT inclusive is hereby accepted.

You are hereby required to provide within ten (10) days the performance security in the form and amount stipulated in the Instruction to Bidders. Failure to do from receipt thereof shall constitute sufficient ground for cancellation of the award.

Very truly yours,

SIGNED
CYNTHIA L. CARRION
Chief Operating Officer