MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS: The BUREAU OF FISHERIES AND AQUATIC RESOURCES RO V, a government agency created p r! ant to Rep "#$c Act %&&' and tran!(ormed $nto a reg #ar agency nder the )epartment o( Agr$c #t re *$th o(($ce addre!! at San Ag !t$n+ P$#$+ ,amar$ne! S r+ repre!ented "y $t! Reg$ona# )$rector+ DENNIS V. DEL SOCORRO+ and here$n re(erred to a! BFAR RO V.and. The Municipal Gov !n" n# Di"a$alan%, Ma$&a# + a M n$c$pa#/Loca# 0overnment 1n$t *$th pr$nc$pa# o(($ce addre!! at Po"#ac$on+ )$ma!a#ang+ Ma!"ate+ here$n repre!ented "y $t! M n$c$pa# Mayor+ HENR' (. NAGA, here$n re(erred to a! LGU)DIMASALANG. )*ITNESSETH THAT) *HEREAS, the B rea o( 2$!her$e! and A3 at$c Re!o rce! 4B2AR5 $! the pr$nc$pa# government agency mandated to deve#op the ($!hery !ector! $n the co ntry thro gh the prov$!$on o( appropr$ate ! pport to techno#ogy deve#opment+ re!o rce enhancement and d$!!em$nat$on act$v$t$e! that *$## "oo!t re!o rce ! !ta$na"$#$ty*HEREAS+ the B rea o( 2$!her$e! and A3 at$c Re!o rce! RO 6 $! the pr$nc$pa# government agency mandated to deve#op the ($!hery !ector! $n the co ntry thro gh the prov$!$on o( appropr$ate ! pport to techno#ogy deve#opment+ re!o rce enhancement and d$!!em$nat$on act$v$t$e! that *$## "oo!t re!o rce ! !ta$na"$#$ty $n the reg$on*HEREAS+ the Nat$ona# 0overnment Agenc$e! 4N0A!5 and other !ta7eho#der! !ha## p r! e the M$##enn$ m )eve#opment 0oa# o( red c$ng poverty (rom 89:&; $n 8''< to =9; "y 8'=&*HEREAS+ one o( the !trateg$e! $dent$($ed to meet the goa# $! the B ttom.1p B dget$ng 4B B5 *here$n the gra!!root! organ$>at$on! and comm n$t$e! !ha## "e $nvo#ved $n the p#ann$ng and " dget$ng proce!!*HEREAS+ the B B !ha## en! re $nc# !$on o( the ( nd$ng re3 $rement! (or the deve#opment need! o( the poore!t/(oc ! m n$c$pa#$t$e! and !trengthen the convergence de#$very o( the !erv$ce! $n the comm n$ty-

*HEREAS+ M n$c$pa# 0overnment o( )$ma!a#ang *a! $dent$($ed a! one o( the ?''.@'' poor m n$c$pa#$t$e! $dent$($ed "y the ,a"$netA! H man )eve#opment and Poverty Red ct$on 4H)PR5 c# !terNO*, THEREFORE+ (or and con!$derat$on o( the (orego$ng prem$!e! and con!$derat$on!+ the part$e! hereto agree a! (o##o*!: A: OBLB0ATBONS O2 B2AR RO 6: T+ BFAR RO V $+all: =: A##ocate and tran!(er to the M n$c$pa# 0overnment o( )$ma!a#ang the amo nt o( THREE HUNDRED THOUSAND ,ESOS ONL' 4PhP ?''+ ''' :''5 (or 2Y 8'=@ to ( nd the ,ROCUREMENT OF MOTORBOAT -BANTA' DAGAT. $n accordance *$th the eC$!t$ng government acco nt$ng and a d$t$ng r #e! and reg #at$on!-

8: En(orce and adhere !tr$ct#y to the prov$!$on! o( ,OA ,$rc #ar No: <@.'=? on #$3 $dat$on o( ( nd tran!(er?: Mon$tor #$3 $dat$on o( doc ment! $nvo#v$ng ( nd tran!(er@: Mon$tor the $mp#ementat$on o( act$v$t$e! $n accordance *$th the 2Y 8'=@ ! "m$tted Wor7 and 2$nanc$a# P#an+ attached a! $ntegra# part o( th$! Agreement&: )emand a Term$na# Report (rom the M n$c$pa# 0overnment o( )$ma!a#ang re(#ect$ng the act a# eCpen!e!: The #$3 $dat$on doc ment! !ho #d "e a d$ted $n accordance *$th the eC$!t$ng acco nt$ng r #e! and reg #at$on! a! *e## a! other re#evant ,OA reg #at$on!9: Reg #ar#y ma7e coord$nat$on and con! #tat$on *$th M n$c$pa# 0overnment o( )$ma!a#ang regard$ng the $mp#ementat$on o( the proDectE: )emand (rom M n$c$pa# 0overnment o( )$ma!a#ang the re( nd o( the ( ## amo nt re#ea!ed !ho #d any o( the ca!e! ment$oned $n B.E occ r: B. OBLIGATIONS OF LGU o/ DIMASALANG0 T+ LGU) DIMASALANG $+all0 =: Bmp#ement the PROFE,T $n accordance *$th the propo!a# conta$ned $n attachment GAH-

8: B!! e an o(($c$a# rece$pt corre!pond$ng to the amo nt tran!(erred "y the B2AR+ "oo7 the 21N) to "e depo!$ted $n an a thor$>ed government depo!$tory "an7?: Adm$n$!ter+ manage and d$!" r!e the 21N) $n accordance *$th government acco nt$ng and a d$t$ng r #e! and reg #at$on!@: Bn! re comp#$ance *$th the prov$!$on! o( the MOA and ,OA ,$rc #ar No: <@.'=? on the grant+ t$#$>at$on+ and #$3 $dat$on o( ( nd! tran!(erred "y B2AR RO 6&: 1!e the ( nd! !o#e#y (or the $mp#ementat$on o( the proDect9: S "m$t to B2AR RO 6 *$th$n !$Cty 49'5 day! a(ter the proDect comp#et$on and ! "m$t ( nd t$#$>at$on report cert$($ed "y ,h$e( Acco ntant and cert$($cate o( proDect comp#et$on rendered/$!! ed "y P/M01 Head or $t! a thor$>ed repre!entat$ve+ #$!t o( "ene($c$ar$e! *$th the$r acceptance/ac7no*#edgement o( the proDect/( nd!/good!/!erv$ce! rece$ved: The va#$d$ty o( the!e doc ment! !ha## "e ver$($ed "y the $nterna# a d$tor or e3 $va#ent o(($c$a# o( B2AR RO 6 and !ha## "e the "a!$! o( B2AR RO 6 $n record$ng the ( nd t$#$>at$on $n $t! "oo7! o( acco nt!: The!e doc ment! !ha## ! pport the #$3 $dat$on o( ( nd!: &: A thor$>e B2AR RO 6 to v$!$t and mon$tor the $mp#ementat$on o( the program and open+ (or $n!pect$on "y B2AR RO 6 a thor$>ed repre!entat$ve4!5+ the "oo7! o( acco nt! and re#ated doc ment!9: Bmp#ement ! ch r #e! and reg #at$on!+ $nc# d$ng per$od$ca# rev$!$on! thereo(+ a! may "e nece!!ary to en! re an e((ect$ve $mp#ementat$on o( th$! proDect and to meet cont$ngenc$e!E: Ret rn/re( nd to the B2AR RO 6 the ( ## amo nt re#ea!ed $n any o( the (o##o*$ng ca!e!: a: M$!appropr$at$on o( ( nd! *$tho t preD d$ce to the ($#$ng o( adm$n$!trat$ve and/or cr$m$na# charge! a! the c$rc m!tance! may *arrant": Non.comp#$ance *$th any prov$!$on !tated $n th$! agreementc: ,omm$!!$on o( any act $ncon!$!tent *$th or contrary to the !p$r$t and avo*ed $ntent o( th$! agreement %: Ret rn/re( nd to the B2AR RO 6 4a5 that port$on o( the ( nd *h$ch rema$n! n !ed a(ter the comp#et$on o( the proDect and 4"5 any d$!a##o*ed amo nt a(ter the ($nanc$a# a d$t p r! ant to Sect$on @4g5+ ,OA ,$rc #ar No: =<@.'=? dated )ecem"er =?+ =<<@: EFFECTIVIT'0

Th$! Memorand m o( Agreement !ha## "ecome e((ect$ve (or a per$od o( one year to commence (rom the date o( re#ea!e o( the ( nd! and !ha## rema$n $n (orce nt$# the 2 nd re#ea!ed to B2AR !ha## have "een #$3 $dated and pon ( #($##ment o( the term! o( the agreement: Any mod$($cat$on to th$! Agreement !ha## "e m t a##y agreed pon $n *r$t$ng "y the part$e! thereto: BN WBTNESS WHEREO2+ the part$e! hereto a(($C the$r !$gnat re! th$!IIIIIII day o( IIIIIIIIIIIIIIII+ 8'=@ at IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

DENNIS V. DEL SOCORRO Reg$ona# )$rector B2AR RO 6

HENR' (. NAGA M n$c$pa# Mayor M n$c$pa#$ty o( )$ma!a#ang

SB0NE) BN THE PRESEN,E O2

(ESUS B. BADILLO Prov$nc$a# 2$!her$e! O(($cer

RUDITO B. GUIOGUIO M n$c$pa# Agr$c #t ra# O(($cer

AC1NO*LEDGEMENT

RE,UBLIC OF THE ,HILI,,INES 22222222222222222222. At the a"ove !tated p#ace+ on the IIIIIIIday o( IIIIIIIIIIIIIIIIIIIIII+ 8'=?+ "e(ore me per!ona##y appeared: ,OMM1NBTY TAJ NAME AT DENNIS V. DEL SOCORRO IIIIIIIIIIIIIIIIIIIIIII HENR' (. NAGA IIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIII 22222IIIIIIIIIIIIIIII ,ERTB2B,ATE NO: BSS1E) ON /

Kno*n to "e the !ame per!on *ho eCec ted the (orego$ng $n!tr ment ac7no*#edgement the !ame the$r (ree and vo# ntar$#y act and deed a! *e## a! tho!e o( the $n!tr menta#$t$e! o( the 0overnment here$n repre!ented: Sa$d $n!tr ment re(er! to a MEMORAN)1M O2 A0REEMENT con!$!t$ng o( the IIIIIIII 4II5 page!+ $nc# d$ng th$! page *here$n the ac7no*#edgement n*r$tten+ !$gned "y the part$e! and the$r *$tne!!e! on the !$gnat re hereo( !ea#ed *$th the notary !ea#:

)oc: No: IIIIIIIIIIII Page No: IIIIIIIIIIII Boo7 No: IIIIIIIIIIII Ser$e! o( IIIIIIIIIIII