Amendments to the foreign exchange regulations

, ,. A BANGKO SENTRAL NG PILIPiNAS OFFICE OF THE GOVERNOR CIRCULAR No. 1/24 Series of 2021 Subject: Amendments to the foreign eXchange regulations The Monetary Board, in its Resolution No. 10/1 dated 5 August 2021, approved the following rules and regulations governing foreign eXchange transactions: SECTION I. The following provisions of the Manual of Regulations on Foreign EXchange Transactions (FX Manual, issued under Circular No. 645 dated 13 February 2009, as amended) are further revised as follows: "PART ONE, RULES ON FOREIGN EXCHANGE TRANSACTIONS Chapter I GENERAL PROVISIONS I, FX Regulations. Regulations governing FX transactions are hereby consolidated in this Manual of Regulations on Foreign EXchange Transactions, hereinafter referred to as the "FX Manual". 2. Compliance with Applicable Laws, Rules and Regulations. All FX transactions, including those of authorized agent banks (AABs)/AAB subsidiary/affiliate forex corporations (AAB forex corps), must be compliant with applicable laws, rules and regulations, including the "Know Your Customer" policy. In any conduct of FX transaction, AABs/AAB forex corps shall exercise due diligence. and not participate/assist in any circumvention of existing laws, rules or regulations issued by BSP and appropriate authorities. 3. Sale of FX, The following rules shall apply to the sale of FX by AABs/AAB forex corps: a. The sale of FX may be freely made: (i) between and among AABs (unless otherwise indicated under the FX Manual); (ii) by AAB forex corps to AABs; and (iii) between and among individuals/entities other than AABs/AAB forex corps; Provided that the sale of FX by BSP-supervised non-bank financial institutions (NBFls), including qualified entities operating as FX dealers/money changers (FXDs/MCS) and remittance 00 ' ' ..' ' ,,. ...*...'

agents (RAS) that are neither AABs norAAB forex corps, shall be governed by the pertinent provisions of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFl) and other applicable BSP regulations, and shall not be covered by the FX Manual. FX sales by AABs/AAB forex corps to BSP-supervised NBFls shall be subject to the rules under the FX Manual. b, The rules (including documentary requirements) on FX that may be sold shall apply to the sale of FX against pesos (and not against another foreign currency) by AABs/AAB forex corps to individuals/entities that are not AABs c. All sales of FX by AABs/AAB forex corps for settlement of FX transactions are subject to the submission by the FX purchaser of a duly accomplished Application To Purchase FX (Annex A), unless otherwise indicated in the FX Manual. The duly accomplished Application To Purchase FX (Annex A1', as well as supporting documents for sale of FX by AABs/ AAB forex corps, may be submitted in hardcopy or through electronic means in accordance with Item 4 (Electronic Submission of Documents) hereof, AABs/AAB forex corps/ transacting parties/FX purchasers shall make available the original/copy (as applicable) of documents upon request by the BSP for verification. d. The total amount of FX to be: (i) sold on spot basis; and/or (ii) hedged by a customer under derivatives contracts, by/with single or multiple AABs for specific underlying transaction shall not exceed the amount of such underlying transaction, 4. Electronic Submission of Documents'. The duly accomplished application forms and/or supporting documents' for the following ' AABs may digitize the Application To Purchase FX (Annex A) provided that appropriate risk management systems/policies are in place to ensure compliance with the attestation requirement u rider said form. The duly accomplished digitized form need not bear the signature of the FX purchaser provided that such document explicitly states that This form is electronically-generated and does not require signature. " 5 The duly accomplished application forms and/or supporting documents submitted via electronic means may bear electronic/digital signatures. Electronically-generated documents need riot bear signature provided that such documents explicitly state that 'This document is electronically-generated and does not require signature. " ' Except for BSP-issued documents te. g. . BSP Approval, Bangko Sentral Registration Document (BSRD)! which are required to be presented/submitted in original hardcopies

may be submitted through electronic means to the BSP or AABs/AAB forex corps7: a. approval/registration' of foreign/foreign currency loans/ borrowings; b. registration of inward investments; c. other requests to the BSP not covered by items (a) and (b); and d. sale of FX by AABs/AAB forex corps covering FX transactions': Provided that the submitting part^to shall attest: (i) to the integrity and authenticity of the submitted documents; Iii) that the transmittal of documents was made via official channel; and (iii) to the availability of the original/copy of documents (as applicable) upon request by the BSP for verification. 5. Reporting to BSP under FX Form I and FX Form IA (FX Form 111A). All FX receipts/disbursements/sales/payments/remittances on underlying FX transactions covered by the FX Manual shall be duly reported to the BSP by the FX receiving/selling/remitting bank under the relevant schedule/s of FX Form I or FX Form IA IFX Form 111A), as applicable. 6, The terms used herein are as defined in the '"Glossary of Terms" hereof unless otherwise indicated in specific sections of the FX Manual. Chapter 11 RESIDENT To RESIDENT FX TRANSACTIONS I. AABs/AAB forex corps may sell FX (regardless of amount) to non-bank residents for their FX transactions" with other residents subject to the submission to the FX selling institution of a duly accomplished Application To Purchase FX (Annex A) and supported by documents listed under Appendix I. 7 Ia) BSP - through: (1) iod_loans@bsp. gov. ph Ifor private sector foreign/foreign currency loans/borrowings); Iiij iod-jogl@bsp. gov. ph (for public sector foreign/ foreign currency loans/borrowing SI (iii) iod_investments@bsp. gov. ph (for inward investments); and (iv) email to the Head of the BSP - International Operations Department (for other requests); and (b) AABs/AAB forex corps - through official email/electronic/digital channel/system designated by banks subject to their due diligence/'Know Your Customer'Irisk management policies. The BSP will not be responsible for electronic messages that may be hacked or cracked, intercepted, copied or disclosed (without authorization ) outside BSP's information system. ' Including submission of notice/notification to the BSP ' The documents submitted electronically shall be retained for a period of five (5) years from the time of submission thereof. 10 Including applicant/FX purchaser ' Trade and non-trade transactions (including loans and investments) requiring settlement in foreign currency

2, FX sold by AABs/AAB forex corps for resident to resident transactions shall either be: a, remitted directly to the intended resident beneficiary's account" (whether on shore or offshore) on the date of FX sale; or b, credited to the resident FX purchaser's FCDU account with the FX selling AAB (or another AAB) for eventual remittance on or before due date to the intended resident beneficiary12; Provided that the FX purchaser shall certify that: (i) the FX shall be used for the declared purpose; (ii) funds credited to the FCDU account shall eventually be remitted to the intended resident beneficiary on or before due date; and (iii) the FX purchaser shall include the purpose of the remittance in the remittance instructions to the remitting bank, The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form In A. as applicable, based on instructions of, and the purpose declared by. the FX purchaser. 3. Foreign currency loans shall also be governed by the provisions of Part Three. Chapter I of the FX Manual. PART Two. CURRENT ACCOUNT TRANSACTIONS Chapter I NON-TRADE CURRENTACCOUNTTRANSACTIONS, PESO DEPOSIT ACCOUNTS OF NON-RESIDENTS AND CROSS-BORDER TRANSFER OF LOCAL AND FOREIGN CURRENCIES XXX Section 2. Sale of FX to Residents for Nori-Trade Current Account Transactions with Nori-Residents. AABs/AAB forex corps may sell FX to residents without need for prior BSP approval to cover payments for non-trade current account transactions (other than those related to foreign/foreign currency loans and investments) listed under Appendixl, subject to submission of the following to the FX selling institution: I. For FX sale riot exceeding Us0500.000 (for individuals) and Us01,000,000 (for corporateslother entities) or its equivalent in other foreign currency per client per day 12 Including payment/treasury centers/hubs. collection agents, and e-commerce market participants (eg. . payment system operators, payment service providers/aggregators)

. Duly accomplished Application To Purchase FX (Annex A) 2. For FX sale exceeding Us0500,000 (for individuals) and Us01,000,000 (for corporateslother entities) or its equivalent in other foreign currency per client per day . Duly accomplished Application To Purchase FX (Annex A) and documents listed under Appendixl 3 For FX sale (regardless of amount) to settle transactions involving netting arrangements" and/or e-commerce market participants . Duly accomplished Application To Purchase FX (Annex A1 and documents listed under Appendix I FX sold by AABs/AAB forex corps for non-trade current account transactions shall either be: a. remitted directly to the intended beneficiary's account14 (whether on shore or offshore) on the date of FX sale; or b. credited to the resident FX purchaser's FCDU account with the FX selling AAB (or another AAB) for eventual remittance on or before due date to the intended beneficiary14; Provided that the FX purchaser shall certify that: (i) the FX shall be used for the declared purpose; (ii) funds credited to the FCDU account shall eventually be remitted to the intended beneficiary on or before due date; and (iii) the FX purchasershallinclude the purpose of the remittancein the remittance instructions to the remitting bank. The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Forml/IA, as applicable. based on instructions of, and the purpose declared by. the FX purchaser. FX sold for travel and medical expenses abroad not yet incurred, and sales proceeds of emigrant's domestic assets where the emigrant is still in the country, may be held in cash, or directly remitted to the intended beneficiary, or credited to the FX purchaser's FCDU account in accordance with items (a) and (b) above. '3 Netting arrangements may: Iai cover trade in goods and services (subject to documentary requirements under Appendices I and 1.5. as applicable) but not those involving foreign/foreign currency loans/borrowings and investments: and (b) involve related or unrelated parties. 14 Including payment/treasury centers/hubs, collection agents. and e-commerce market participants Ie. g. , payment system operators. payment service providers/aggregators)

Section 3. Peso Deposit Accounts" of Nori-Residents I. Funding for Peso Deposit Accounts of Nori-residents. Non-residents (including foreign banks) may open/maintain peso deposit accounts with AABs operating in the Philippines which shall be funded only by the following eligible sources of funds", subject to submission to the depository AABs of documents listed under Appendix 1.1 (regardless of amount of deposit): a. peso proceeds" from conversion of inward remittances" of convertible FX"; b, peso receipts" of non-residents from, or peso sales proceeds of: in BSP"registered inward investments; and (ii) properties in the Philippines allowed to be owned by non-residents under existing laws"; c. on shore peso receipts of non-residents from residents for: in services" rendered by non-residents to residents: and (ii) trade transactions, under Part Two, Chapters I and 11 of the FX Manual, respectively; d. peso receipts of expatriates working in the Philippines for less than one (1) year representing salary/allowance/ other benefits: e. peso funds of: (a) foreign students enrolled for at least one (1) school term in the Philippines; and (b) non~resident Filipinos; f. xxx; g. peso receipts of nori-residents from residents for payment of private sector foreign loans/borrowings and other loan-/borrowing-related transactions that are duly 15 These exclude settlement/clearing accounts of a foreign bank with its local branches. However, these accounts shall be subject to applicable laws, rules, and regulations (including the rules on cross-border transfer of local currency). The conversion to FX of the peso funds in said accounts for settlement of the underlying FX transactions of its clients shall be subject to rules on FX sale by AABs/AAB forex corps under the pertinent provisions of the FX Manual. 16 Eligible sources of funds covered by derivatives contracts shall also be subject to the FX rules on the underlying transactions including those governing derivatives transactions. 17 Including peso proceeds from inward remittances of FX initially deposited to the FCDU account of the non-resident '' Peso proceeds may be used for any legitimate purpose. However, conversion thereof to FX shall be limited to those related to loans and investments in accordance with Item 2. a. i of Section 3. 19 Refer to convertible xxx 20 Including refund of taxes or erroneously withheld taxes related to BSP-registered investments 21 Excluding condominium units that shall registered with the BSP and supported by documents under item 2 of Appendix 1.1 22 Including underwriting/brokerage services tinvolving Philippine shares) rendered to nori-residents by another non-resident entity acting as: (a) underwriter. bookrunner or foreign broker-dealer for initial public offering/follow-on offering; and Ib) bookrunner and/or manager for the private placement/secondary block trade of listed securities

approved by/registered with/reported to the BSP (as applicable) under Section 24; h. peso proceeds from the on shore sale by non-resident issuers of their equity and debt securities under Section 34; a rid i. peso funds returned to nori-residents for excess pesos arising from unrealized investments" under Section 38.4, 2. Sale of FX to Non-Residents for Peso Deposit Accounts a. Depository AABs may sell FX up to an amount equivalent to the balance (including accrued interest thereon) of peso deposit accounts of non-residents funded by eligible sources of funds under Item I hereof, subject to submission of the following: i. For sale of FX funded by Item I, a" related to loans and investments . Duly accomplished Application To Purchase FX (Annex A) and documents listed under Appendices 13.1.4 and 18 (as applicable) To allow conversion of pesos to FX, the peso funds must have been used on shore to fund: (a) private sector loans/borrowings which are duly approved by and/or registered with/reported to the BSP in accordance with the provisions of Part Three. Chapter I of the FX Manual; and (b) inward investments which are duly registered with the BSP or registering AABs (as applicable) in accordance with the provisions of Part Three, Chapter 11 of the FX Manual. For funds not yet transferred to the resident investee relating to excess pesos arising from unrealized investments", AABs/AAB forex corps may sell FX in accordance with Section 38.4. 11. For sale of FX funded by Items I. b to I. g . Duly accomplished Application To Purchase FX (Annex A) and documents listed under Appendix18 (as applicable) In the case of Items I. b. i, I. e" and 1.9, the non-resident or its authorized representative shall also 23 Unrealized investments refer to investments of non-resident investors that did not materialize 24 Excluding peso funds of, iai foreign students enrolled for at least one U ) school term in the Philippines; and Ib) non-resident Filipinos 25 In case the peso funds of the non-resident were used for investment and loans/borrowings to residents

present the BSRD (as required under pertinent provisions of the FX Manual) for purposes of annotation of the peso amount converted to FX and reporting to the BSP of the underlying transaction. 1/1 . For sale of FX funded by Itemsl. h and I. i . Duly accomplished Application To Pu rchase FX IAnnex A) b. FX sold by depository AABs shall be remitted directly to the account of the non-resident intended beneficiary (whether on shore or offshore) on the date of FX sale. c, The remitting depository bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form In A, as applicable, based on instructions of, and the purpose declared by, the FX purchasers and in accordance with the guidelines on reporting of trade transactions under Appendix 4 and investments under Appendices 10. A and 10. B, as applicable. For remittance arising from Item I, h, the FX remittance shall be reported to the BSP, through the International Operations Department, using the prescribed form (Annex Y) within two (2) banking days from date of actual remittance. d. Non-resident Tourists/Balikbayan. AABs/AAB forex corps may sell FX to non-resident tourists or bankbayan to the extent of the amount of FX shown to have been sold for pesos by the non-residents to AABs/AAB forex corps. xxx sale of FX for pesos. XXX Chapter " FOREIGN MERCHANDISE TRADE TRANSACTIONS Section 5. General Policy, As a general rule, all kinds of merchandise imports/exports are allowed. However, the importation and exportation of certain commodities are regulated or prohibited by law or rules and regulations issued by the competent authority for reasons of public health and safety, national security/interest, international commitments, development/rationalization of local ind us try.

I. Regulated and Prohibited Commodities Involving the BSP26. The BSP is involved in the regulation and prohibition of the following import/export commodities: Im ort Ex ort A. Re ulated Commodities Legal tender Philippine notes and coins. checks. money order and other bills of eXchange drawn in pesos against banks operating in the Philippines in an amount exceed in PHP50.00027 Coin blank essentially of gold, steel. copper, nickel. zinc. tin, aluminum. brass. bronze, all with diameter of less than 30.00 mm and weight of less than 11.50 grams per piece; Coin blank essentially of silver with diameter of 36.8 min +/- 0.05 mm and weight of 28.28 grains per piece; Nordic Gold coin metal with diameter of 33.55 min +/- 0.05 mm and weight of 15 grams per jeCe28 Color reproduction machines with 2,400 dots per inch Idpi) or higher (excludin rinters)2, B. Prohibited Commodities Any goods manufactured in whole or in part of gold, silver or other precious metals or alloys and the stamp. brand or mark does riot indicate the actual fineness of ualit of the metals or allo s3o Unissued Philippine banknotes, except Gold from small scale-mining, those authorized b the BSp3i includin anned old32 Z. Domestic Buying and Selling of Gold by Residents. Except as provided in the FX Manual, gold and gold-bearing metals may be bought and sold without specific approval of the BSP. Gold from small-scale mining xxx 26 commodities that are not under the BSP's purview shall be covered by applicable laws, rules and regulations and governed by the respective trade regulatory government agencies. 27 The application for prior written authorization shall be filed with the BSP. through the International Operations Department. The BSP. however. allows cross-border transfer of local currency in excess of the limit only for the following purposes: (a) testing/calibration/configuration of money counting/sorting machines: (b) numismatics (collection of currency); and (cI currency awareness. 28 The application for prior written authorization shall be filed with the BSP. through the Mint and Refinery Operations Department IMROD). 2' The application for prior clearance shall be filed directly with the National Bureau of Investigation INBI). which shall forward the matter to the BSP, through the Payments and Currency Investigation Group (PCIC), Office of the Assistant Governor - Payments and Currency Development Sub-Sector (OAG-PCDSS) Clearance to import shall be released by the NBl. 30 Pursuant to Section 1181d ) of Repu blic Act (R. A. ) No. 10863 tCustoms Modernization and Tariff Act (CMTA)l. Under Section 1146 of the CMTA, prohibited goods as provided under Section 1/8 of the CMTA shall be destroyed. except for goods under Section 1181d) which shall be turned over to the BSP, 31 Under the purview of the BSP Banknotes and Securities Production Management Department (BSPMD) ,2 pursuant to RA. No. 7076 (People's Small Scale Mining Act of 1991)

A. IMPORT TRADE TRANSACTIONS Section 6, Sale of FX to Residents for Trade Transactions with Nori-Residents. AABs/AAB forex corps may sell FX to residents for payment of importation 5'', subject to submission of the following to the FX selling institution: a. For FX sale not exceeding Us0500,000 (for individuals) and Us01,000,000 (for corporate slother entities) or its equivalent in other foreign currency per client per day , Duly accomplished Application To Purchase FX (Annex A) b, For FX sale exceeding Us0500.000 (for individuals) and Us01,000,000 (for corporateslother entities) or its equivalent in other foreign currency per client per day . Duly accomplished Application To Purchase FX (Annex A) and documents listed under Appendix1.5 C. For FX sale (regardless of amount) to settle transactions involving netting arrangements" and/or digital payments through e-commerce market participants . Duly accomplished Application To Purchase FX (Annex A) and documents listed under Appendix 1.5 FX sold by AABs/AAB forex corps for payment of importations shall either be: a. remitted directly to the seller/intended beneficiary's account" (whether on shore or offshore) on the date of FX sale: or b. credited to the resident FX purchaser's FCDU account with the FX selling AAB (or another AAB) for eventual remittance on or before due date to the intended beneficiary" for settlement of import obligation; Provided that the FX purchaser shall certify that Ii) the FX shall be used for the declared purpose; (ii) funds credited to the 33 Including those involving trade in goods and services under netting arrangements, and Engineering, Procurement and Construction (EPC) contracts or similar contracts/arrangements 34 Netting arrangements may: Iai cover trade in goods and services (subject to documentary requirements under Appendices I and 1.5. as applicable) but not those involving foreign/foreign currency loans/borrowings and investments: and (b) involve related or unrelated parties 35 Including payment/treasury centers/hubs. collection agents. and e-commerce market participants (e. g. , payment system operators, payment service providers/aggregators)

FCDU account shall eventually be remitted to the intended beneficiary on or before due date; and (iii) the FX purchaser shall include the purpose of the remittance in the remittance instructions to the remitting bank, The remitting bank shall report the FX remittance to BSP under the relevant schedule/s of FX Form 111A, as applicable, based on instructions of, and purpose declared by, the FX purchaser. Section 7. IReservedl Section 8. Modes of Payment for Imports. AABs/AAB forex corps may sell FX to service payments for imports under any of the following arrangements (including those under netting arrangements") subject to the provisions of Sections 9 to 13 and the guidelines under Appendix 4: I. Letter of Credit (LC); 2, Documents Against Payment (DPI 3. Documents Against Acceptance (DA); 4. Open Account (OA); 5, Direct Remittance (DR); 6. Advance Payment; and 7. Digital Payment through E-commerce Market Participants. Section 9. Letter of Credit (LC) I. All LCs must be opened on or before the date of shipment and only one (1) LC should be opened for each import transaction. For purposes of opening an LC, importers shall submit to the AAB the documents required under Appendix 4. Amendments of LCs need not be referred to the BSP for prior approval. LCs shall be negotiated in accordance with the terms and conditions set forth in the LC and shall be governed by the Uniform Customs and Practice for Documentary Credits. The guidelines for opening of LCs and sale of FX for such importations are shown in Appendix 4. XXX 36 Netting arrangements may; Ia) cover trade in goods and services (subject to documentary requirements under Appendices I and 1.5. as applicable) but not those involving foreign/foreign currency loans/borrowing and investments; and Ib) involve related or unrelated parties Pagel, of 27

Section 10, Documents Against Payment IDP) I. Under the DP arrangement, AABs shall advise the importer of the receipt of the complete shipping documents and effect the release of said documents to the importer upon receipt of payment. 2. AABs shall remit payment to the seller/intended beneficiary in accordance with Section 6 Section 11. Documents Against Acceptance (DA) and Open Account (OA) Arrangements. Under the DA arrangement, the shipping documents are released to the importer by the AAB concerned at the instance of the seller's bank upon the importer's acceptance of the seller's bill of eXchange objigating the importer to pay for the shipment at some future date. Under the OA arrangement, the said documents are released by the seller directly to the importer without coursing the documents through the banks. upon the importer's promise to pay at some future date. As used herein, an import transaction to be considered under DA or OA must be payable at least 30 days after the date of shipment indicated in the bill of lading (BL) or air waybill (AWB)/sea waybill (SWB) The guidelines for reporting, payments and extensions of maturity of importations under DA or OA arrangements are shown in Appendix 4, Section 12. Direct Remittance IDR). AABs/AAB forex corps may service importations under direct remittance within twenty-nine (29) calendar days after shipment date upon presentation/submission of the complete shipping documents, in accordance with existing rules. and import clearance for regulated items issued by concerned government agencies (as applicable). If the 29'' day falls on a non-banking day, the following banking day shall apply and the importation will still be considered DR. Section 13. Advance Payment and Digital Payment through E. commerce Market Participants, AABs/AAB forex corps may sell FX without prior BSP approval for advance payment and digital payment through e-commerce market participants for importations, subject to the guidelines under Appendix 4. Section 14. Other Import Arrangements. xxx The remitting bank shall report the import payments in Philippine peso and foreign currency to BSP under the relevant schedule/s of FX Form In A, as applicable.

B. EXPORT TRADE TRANSACTIONS Section 15. meserved I Sectio n I6. tReserved I XXX Section 18. Modes and Currency of Payment for Exports I, Authorized Modes. Payments for exports may be made under any of the following modes (including those under netting arrangements") without prior BSP approval: a. Letter of Credit (LC); b. Documents Against Payment (Dpi/Cash Against Documents (CAD); c. Documents Against Acceptance (DA); d. Open Account (OA); e. Consignment; f. Export Advances"; and g, Digital Payment through E-commerce Ma rket Participants. 2. Acceptable Currencies Payments for exports may be made in FX that are convertible with the BSP as indicated in the BSP Reference EXchange Rate Bulletin posted at the BSP website. However, payments for the following may be made in Philippine pesos: a. Exports to ASEAN countries; Provided that the BSP shall not be asked to intervene in the clearing of any balances from this payments scheme;" and 37 Netting arrangements may: (a) cover trade in goods and services (subject to documentary requirements under Appendices I and 1.5, as applicable) but not those involving foreign/foreign currency loans/borrowings and investments; and (b) involve related or unrelated parties. '' Export transactions shall be reported under the relevant schedule/s of FX Form In A and Monthly Report on Outstanding Balances of Export Advances (Annex C). as applicable, Bank d raft/telegraphic transfer. buyer's checks, traveler's checks or acceptable foreign currency notes may be used in prepayment/export advance, but for buyer's checks, the same shall be cleared before shipment. 3' Subject to limit on cross-border transfer of local currency under Section 4.1 of the FX Manual

b. Gold sales xxx Section 19. Negotiation Procedures The exporter shall negotiate his bill of eXchange/account with the AAB or OBU together with the bill of lading (BL)/air waybill (AWB)/sea waybill (SWB), signed commercial invoice and other documents as required. XXX Section 21. Constructive Exports The following sales of residents paid for in FX shall be considered as constructive exports: I. Gold sales to the BSP xxx; 2. Sales of residents paid for in FX to the following entities: a. Bonded xxx; b. Export xxx; c. Board of Investments xxx; d. Diplomatic xxx; e. Duty Free xxx; f. Foreign buyers xxx; g. Foreign aircraft and vessel operators" in Philippine ports and other terminal facilities which purchased fuel. oil, parts and supplies from local oil companies; and h. Other entities wherein sales thereto by residents are considered as constructive exports under relevant laws, rules and regulations of other government agencies. An Export Declaration for each sale shall be accomplished; Provided that the exporter shall submit a delivery receipt signed by the buyer in lieu of the BL/AWB/sea waybill (SWB). PARTTHREE. FINANCIAL ACCOUNTTRANSACTIONS Chapter I LOANS/BORROWINGS AND GUARANTEES Section 22. General Policy. xxx 40 Including privately"owned, leased and chartered aircrafts/vessels Page, 4 of 27

7. To allow the BSP to determine the possible magnitude of foreign funding requirements of the economy for the succeeding year. all resident entities (public" and private sectors) intending to obtain medium- and long-term foreign loans/borrowings (including offshore issuances of debt instruments) shall submit to the BSP, through the International Operations Department (100), their medium- and long-term foreign borrowings plan (FBP) using the prescribed form (Annex 0.31 not later than end-September of each year for borrowings for the fourth quarter of the current year and the succeeding full year. xxx Any changes to the submitted plans shall be communicated in writing to the BSP. through the 100, within two (2) weeks from availability of information for monitoring purposes. XXX Section 24, Private Sector Loans/Borrowings XXX 2. xxx if these will ultimately be serviced using FX resources of AABs/AAB forex corps. The borrower shall: a, Submit a Notice to the BSP (Annex E, 3), supported with a copy of the signed covering agreement(s)/ document(s). within one (1) month from date of Signing42, b. Send a notification to BSP" for: (i) change/s in the loan's financial terms and conditions"; or (ii) cancellation (whether partial or in full) of the loan/commitment/ agreement, within one (l ) month from availability of information/signing of the amended or supplemental agreement/effectivity date as the case may be. for monitoring purposes; and C, XXX 3. XXX a. XXX 41 public sector entities xxx 42 submission of Annex E. 3 to the BSP ttogether with a copy of the signed covering agreement(s)/document(SII and request for BSP authority to purchase FX will allow payment of fees Iexcluding interest) prior to registration, subject to the documentary requirements under Appendix1.3 of the FX Manual A3 Annex E. 3 may be used for this purpose. 44 Financial terms xxx Page15 of 27

b. Foreign obligations xxx c. Short-term trade loans xxx 4. Private sector foreign loans/borrowings that are not publicly-guaranteed obtained without the requisite BSP approval45 may be registered with the BSP to allow servicing using FX resources of AABs/AAB forex corps. The application for registration shall be assessed an applicable processing fee asindicated under Appendix 20 of the FX Manual 5. Private sector foreign/foreign currency loans/borrowings may be obtained to refinance outstanding foreign/foreign currency loans/borrowings; Provided that the foreign/foreign currency loans/borrowings to be refinanced are duly registered (for those requiring registration) with, or reported (for those requiring mere reporting) to, the BSP, pursuant to Sections 24.1 to 24.3 if the foreign/foreign currency loan/borrowing is to be serviced using FX resources of the banking system. Otherwise, the application for registration of the refinancing foreign loan/borrowing shall be assessed an applicable processing fee as indicated under Appendix 20 of the FX Manual. Section 25, Servicing of Foreign/Foreign Currency Loans/ Borrowings XXx I. XXX b, Payment by the public sector: (i) for loans that are past due46 for more than one a) month; and (ii) under the guarantee covering pu blicly-guaranteed private sector loans that are past due46 2. XXX b. Payments on loans/borrowings that are past due" for more than one (, ) month. XXX 5. XXX 45 I. e. . foreign loans/borrowings outstanding and booked in the borrower's records as of 22 December 2017 46 Those beyond original/amended due date/s duly approved by the BSP '' Those beyond original/amended due date/s duly approved/registered/noted by the BSP (as applicable) Page, 6 of 27

The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Forml/IA, as applicable, based on instructions of, and purpose declared by, the FX purchaser. XXX Section 30. Guarantees and Other Similar Arrangements XXX 2. The following guarantees tincluding risk take-over and similar arrangements) for account of nori-residents and private sector residents shall neither require prior BSP approval nor registration but shall be reported regularly to the BSP by AABs as issuer/beneficiary using the prescribed form (Annex G-Part A if AAB is issuer; or Annex G-Part B if AAB is beneficiary) until the contingent obligations are fully extinguished, to be eligible for servicing using FX resources of AABs/AAB forex corps: a. Guarantees to be issued by resident banks (including public sector banks) and non-bank financial institutions with quasi-banking functions. in favor of non-residents/residents such as: XXX The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form 1/1A. as applicable, based on instructions of. and the purpose declared by, the FX purchaser. XXX Chapter 11 INWARD INVESTMENTS XXX Section 36, Registration with BSP XXX 4, For new/additional" investment/s of a non-resident investor, all applications for registration xxx, XXX 48 Those arising from xxx Page, 7 of 27

Section 38. Servicing of Investments49 XXX 4. XXx a. xxx. For: (i) disapproved subscription/investments or oversubscriptions in equity and debt securities issued by residents and nori-residents; xxx and (iii) similar cases relating to investments xxx; and XXX The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form, /IA, as applicable, based on instructions of, and purpose declared by, the FX purchaser. XXX Chapter 1/1 OUTWARD INVESTMENTS Section 43, General Policy. xxx, XXX The remitting bank shall report the FX remittances to BSP under the relevant schedule/s of FX Form In A, as applicable, based on instructions of, and purpose declared by, the FX purchaser. XXX PART FOUR. OFFSHORE BANKING UNITS, REPRESENTATIVE OFFICES AND FOREIGN CURRENCY DEPOSIT UNITS Chapter I OFFSHORE BANKING UNITS OF FOREIGN BANKS Section 45. Definition of Terms. xxx 2. "Offshore Banking Unit" or "OBU" shall refer to a branch. subsidiary, or affiliate of a foreign banking corporation xxx. XXX 49 Including refund of taxes or erroneously withheld taxes related to BSP-registered foreign investments Page, 8 of 27

Section 52. Transactions with Residents which are riot Banks. xxx 3. Service importations through LC. DA, OA and DP of resident-borrowers: Provided that DAIOA imports coursed through and serviced by OBUs shall be subject to the reporting requirements under Appendix 4; 4, Negotiate inward (export) LCs and handle other export transactions (including DP, DA and OA) xxx export LC negotiation xxx by LCs, i. e. , done through DAIOA arrangements xxx; 5. xxx export LCs; XXX Section 53. Peso Deposits. xxx 4. To pay the peso equivalent of FX sold by beneficiaries of export LCs negotiated with the OBUs. X X X" "PART FIVE, FOREIGN EXCHANGE FORWARDS AND SWAPS AND OPEN FOREIGN EXCHANGE POSITION OF BANKS Chapter I FOREIGN EXCHANGE FORWARDS AND SWAPS WITH AABs INVOLVING THE PHILIPPINE PESO Section 88. General Policy. xxx 4, Derivatives transactions of resident banks as end-user xxx. XXX Section 90. Documentation. xxx Appendix18. xxx. x X X' 'Glossary of Terms XXX Advance Payment is an arrangement between the seller/service provider and purchaser where the purchaser pays, (either partial or in Page, 9 of 27

full), the seller/service provider prior to the shipment of the goods/delivery of services A, 77/11ate refers to an entity linked directly or indirectly to a bank/ non-bank by means of a. xxx; b. xxx; c. xxx of each entity; d. xxx bank/non-bank xxx; and e. xxx bank or quasi-bank/non-bank xxx. XXX AAB forex corps; xxx. XXX Consignment xxx Copyrefers to a document that is a reproduction (in any form) of the original. XXX Debtsecuritiesxxx D^,, ita/payments through e-commerce marketparticjoantsrefi^rred to in Sections 8 and 78 of the Ex Manual pertain to FX payments through electronic platforms for trade transactions by e-commerce market participants (e. g. , payment system operators, payment service providers/aggregators). D^'italsjg'natureis a specific type of electronic signature which uses certificate-based digital IDs and demonstrate proof of signing by binding each signature to the document with cryptography. XXX DocumentsAgai"stAcceptance IDA)xxx. DocumentsAgai"stPayment PPIxxx. E-commerce market partic^:, ants refer to entities (excluding actual end-user of goods/services) involved in transactions using electronic means, such as through the internet or other computer-mediated networks, Electronic SI^, nature refers to any distinctive mark, and/or characteristic in electronic form, representing the identity of a person

and attached to or logically associated with the electronic data message or electronic document or any methodology or procedures employed or adopted by a person and executed or adopted by such person with the intention of authenticating or approving an electronic data message or electronic document. XXX EXchange xxx Export advances refer to all payments/remittances received before shipment. including prepayments and Red Clause advances, XXX Foreign currency loans of the private sector refer to loans owed to banks operating in the Philippines that are denominated in currencies other than the Philippine peso. XXX Intercompany Netting Arrangement is an arrangement whereby a resident entity offsets its payables to against its receivables from its non"resident non-bank related party (i. e. , parent/subsidiaries/ affiliates/head office/branches). xXX Letter of Credit 11. Cl xxx. XXX Open Account 10A) xxx, Orig, ina/ refers to the document issued by the relevant party which may be in hardcopy/softcopy. This document shall bear signature (i. e. , wet or electronic/digital signature), except in the case of electronically-generated (i. e. , through a system ) document which need not bear signature provided that it contains a statement that it is electronically-generated and does not require sig nature, X X X" SECTION 2, The following Appendices/Annexes to the FX Manual have been revised/added/deleted: ^IL^ I. Appendix I: Minimum Documentary Requirements for the Sale of Foreign EXchange (FX) Relating to Resident to

Resident FX Transactions and Resident to Non-Resident NonTrade Cu rrent Account Transactions 2. Appendix 1.1: Minimum Documentary Requirements for Peso Deposit Accounts of Non-residents 3. Appendix 1.3: Minimum Documentary Requirements for the Sale of Foreign EXchange (FX) Relating to Foreign Loans/Borrowings. Guarantees and Other Financing Schemes/Arrangements 4. Appendix 1.4: Minimum Documentary Requirements for the Sale of Foreign EXchange (FX) Relating to Inward and Outward Investments 5. Appendix 4 Guidelines Covering Import Transactions under Part Two, Chapter 11 of the FX Manual 6. Appendix 10. A: Guidelines Covering Inward Investments under Section 36 of the FX Manual 7, Appendix To. B: Guidelines Covering Inward Investments under Section 37 of the FX Manual 8. Appendix 10. C: Supporting Documents for Registration of Inward Investments 9. Appendix 10.1^ Certificate of Inward Remittance (CIR) of Foreign EXchange 10. Appendix 10.2: BSRD Letter Advice 11. Appendix 18: Guidelines and Minimum Documentary Requirements for Foreign EXchange (FX) Forward and Swap Transactions 12. Appendix 20: Processing Fees on Foreign EXchange (FX) Transactions 15. Annex A: Application to Purchase Foreign EXchange (FX) 14. Annex a Monthly Report on Outstanding Balances of Export Advances 15, Annex D. ,: Application for Approval of Public Sector Foreign/Foreign Currency Loans/Borrowings 16. Annex 0.2. A: Application for Approval of Publicly-Guaranteed Private Sector Foreign/Foreign Currency Loans/Borrowings

17. Annex 0.2. B: Application for Registration of Private Sector Foreign/Foreign Currency Loans/Borrowings 18. Annex E. 3: Loan/Borrowing Profile 19. Annex a Report on Guarantees 20. Annex W: Application for Registration of Foreign Investments A^^. I. Appendix 1.5: Minimum Documentary Requirements for the Sale of Foreign EXchange (FX) Relating to Import Transactions 2. Annex B. I: Monthly Report on Sale/Remittance of Foreign EXchange (FX) for Advance Payment of Importations 3. Annex B. 2: Monthly Report on Purchase of Foreign EXchange (FX) arising from Refund of Advance Payment of Importations D^I^t^d. I, Appendixl. Z: Procedures for Repatriation of Proceeds from the On shore Sale by Non-Resident Issuers of their PSE-Listed Equity and Remittance of Interest Earned 2. Appendix 2: List of Regulated Import Commodities and Administering Agencies/Bureaus 3, Appendix 3: Prohibited Commodities 4. Appendix 5: Documentary Requirements for Opening an L/C (To be Submitted by the Importer to the AAB/OBU) 5. Appendix 6: Guidelines for Reporting, Payments and Extensions of Maturity of Importations Under D/A or 01A Arrangements 6. Appendix 6.1: Guidelines for Reporting of Foreign EXchange Obligations and Sale and Remittance of Foreign EXchange under Intercompany Netting Arrangements

7, Appendix 7: Guidelines for the Sale of Foreign EXchange to Importers by AABs and AAB Forex Corps for Advance Payment of Imports 8, Appendix a List of Regulated Products for Export 9. Appendix 9: List of Prohibited Products for Export 10. Appendix 18.1: Guidelines and Minimum Documentary Requirements for Foreign EXchange (FX) FOMard and Swap Transactions Involving Trade, Non-Trade Current Account and Resident to Resident FX Transactions 11. Appendix 18.2: Guidelines and Minimum Documentary Requirements for Foreign EXchange (FX) Forward and Swap Transactions Involving Loans/Borrowings, Guarantees and Investments 12. Annex B: Monthly Report on Sale/Remittance of Foreign EXchange (FX) for Advance Payment of Importations SECTION 3 The following provisions of the FX Manual are further amended to reflect editorial revisions on Circular No. 1120 dated 073une 2021 (Amendments to Regulations on the Open Foreign EXchange Position of Banks) as follows: "PART FIVE. FOREIGN EXCHANGE FORWARDS AND SWAPS AND OPEN FOREIGN EXCHANGE POSITION OF BANKS XXX Chapter 11 OPEN FOREIGN EXCHANGE POSITION OF BANKS XXX Section 99. Net Open Foreign EXchange Position Limit. xxx. A bank's consolidated xxx based on its FX Forml/IA xxx XXX

PART SIX. GENERAL PROVISIONS Chapter I REPORTS AND POST VERIFICATION Section ,01, Reportorial Requirements. The following reports are required to be submitted to the BSP by AABs. OBUs, and AAB forex corps, where applicable: Title of Report Submission Submission Frequency/ Procedure Deadline Category A. Consolidated Report on Foreign EXchange Assets and Liabilities ForUBs/KBs: xXX xxX xxx xxx XXX FX Form I. XXx xxx Schedules 8 &13 Sworn Certification on xxx XXx the correctness of data xxx A-3 Consolidated Foreign xxx xxx EXchange Position Report (Annex Q) A-3 Sworn Certification on XXX xxx the Accuracy and Completeness of the Consolidated Foreign EXchange (FX) Position Report (Annex Pi For TBs: B FX Form IA, Monthly, within Email to DES at Main Report and 10 banking days der-itrs@bspgov. ph Schedules 2 to 11 after end of reference month A-3 FX Form IA. xxx xxx Schedules 8 &13 Sworn Certification on Monthly. within Email to DES at the correctness of data to banking days der~itrs@bsp. gov. ph reported under FX

Title of Report Submission Submission Frequency/ Procedure Deadline Form IA. Main Report after end of and Schedules 2 toll reference month A-3 Consolidated Foreign xxx xxx EXchange Position Report IAnnex Q) Sworn Certification on xXX xxx the Accuracy and Completeness of the Consolidated Foreign EXchange (FX) Position Report IAnnex Pi xxx X X X" Appendix 19 (Reporting Requirements of Relevant Schedules under the FX Form In A and the Implementing Guidelines on the Computation of Open Foreign EXchange Positions of AABs) of the FX Manual has likewise been revised. SECTION 4, Repeal/hg Clause. This Circular supersedes/ amends/modifies the provisions of existing regulations that are inconsistent herewith except for the following operational relief measures which shall remain effective for the duration of the declaration of "community quarantine"" by the OP, or as may be extended by the BSP: I. Waiver of monetary penalties for delays incurred in the submission of reports to the BSP-100 titem 11.2 of Circular No. 1080 dated 27 March 2020 and Circular Letter (CL) No. CL-2020-021 dated 7 April 2020i; 2. Electronic submission of BSP-issued documents (item 11.3 of Circular No. 1080); 3. Submission of documentary requirements without the required notarizations litem 11.4 of Circular No. 1080 ); 4. Re-opening of grace period/lifting of prescriptive period for registration of foreign investments (item 11.5 of Circular No. 1080 and CL No. CL-2020-041 dated 28 August 2020); co Any form of community quarantine declared by the Office of the President (OP) leg. , general/enhanced/extreme enhanced community quarantine I

5. Lifting of prescriptive period for foreign loans/borrowings (item 11.6 of Circular No. 1080 and CL No. CL-2020-041 I 6, Waiver of applicable processing fees under Appendix 20 of the FX Manual (item 11.7 of Circular No. 1080 and CL No. CL-2020-0411 7. Electronic issuance of BSP documents (item 11.9 of Circular No. 1080); and 8. Electronic submission of reports to the BSP-100 (CL No. CL-2020-021 ). This likewise repeals the following: (a) CLs dated 9 February and 16 March 2004, and Circular No. 4/9 dated 2 February 2004 on DAIOA importations; (b) CL dated 9 August 2001 on documentary requirements for trade transactions; (c) CL dated 243anuary 2002 on sale of FX for trade transactions; (d) CL No. CL~2018-006 dated 19 January 2018 on registration of foreign loans/borrowings; (e) CL No. CL-2020-055 dated 16 November 2020 on CtR of FX form issued by AABs; and in Memorandum to all Authorized Agent Banks No. M-2017-023 dated 263uly 2017 on reporting of FX transactions under intercom pany netting arrangements. SECTIONS, Effect^v/^/: This Circular shall take effect 15 banking days after its publication either in the Official Gazette or in a newspaper of general circulation in the Philippines FOR THE MONETARY BOARD: < C <^ " BENZAMIN E. DIOKNO Governor \I_ August 2021

^ Page I of 6 Minimum Documentary Requirements' for the Sale of Foreign EXchange (FX) Relating to Resident to Resident FX Transactions and Resident to Nori-Resident Non-Trade Current Account Transactions I. For Resident to Resident FX Transactions under Part One, Chapter 11 of the FX Manual, requiring settlement in foreign currency Pur OSe Documents Re Uired2 I. Obligations/payables to residents a. Contract/agreement. or equivalent document/s evidencing the obligation/ payable to resident. including those 2. XXX covering transactions between residents and investments in instruments issued by residents; and 3. XXX b. Billing statement/invoice/proof of amount due. or equivalent document/s showing amount required/due. 4. Foreign currency loans of the private sector from banks operating in the Philippines that are riot ublicl - uaranteed under Section 24.3. a a. Regular amortization SI a, Proof of reporting to BSP by the creditor: payments and b. Prepayment b. Billing statement from the creditor or equivalent document/s Ie. g. . bank c. Past due Ii. e. , those beyond certification on outstanding principal original/amended due date amount payable twith due date)l. duly approved/registered/noted by the BSP (as applicable)l for Amounts that may be purchased shall be up to more than one (1) month amounts maturing on scheduled due dates indicated in the bank certification/billing statement/promissory note IPN). whichever is lower. a) All purchases of FX must be accompanied by a duly accomplished Application To Purchase FX IAnnex A1. b) It is understood that when a bank certification regarding its client's deposit account is required. the owner of the account should have executed a notarized waiver of secrecy of its deposit. 2 a) For FX purchases intended for remittance to payment/treasury centers/hubs. collection agents. and e-commerce in a rket participants (e. g. . payment system operators. payment service providers/aggregators), residents shall present/submit to the FX selling AAB and/or AAB forex corps an agreement or similar document. certified as true copy by the client's authorized officer. showing that payments intended for the ultimate resident beneficiaries should be made to the specific payment/treasury centers/hubs, collection agents. and e-commerce market participants leg. . payment system operators. payment service providers/aggregatorsj. The agreement/ document shall be retained by the FX selling institution for future transactions under the same arrangement. b) For settlement of resident to resident FX transactions under netting arrangements Iinvolving related or unrelated parties). a certified true copy of the netting agreement and netting statement shall also be presented/submitted. The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement.

ARE^I^ Pur OSe Documents Re uired2 5. Foreign currency loans of public sector entities falling under Section 23.1. a a. Regular amortization SI a. Original BSP approval or letter-authority; and payments b. Billing statement from the creditor. or b. Prepayment equivalent document/s leg. , bank certification outstanding principal on c. Past due lie. . those beyond amount payable (with due date)l. original/amended due date duly approved by the BSP) for Amounts that may be purchased shall be up to: more than one a I month (a) amounts/rates indicated in the BSP approval or letter-authority; or (b) the outstanding balance of the loan indicated in the bank certification. whichever is lower. 6 Refinancing foreign currency loans of the private sector from banks operating in the Phili ines that are not ublicl - uaranteed under Section 24.5 a. Regular amortization SI a. Proof of reporting to BSP by the creditor; and payments b. Billing statement from the creditor or b. Prepayment equivalent document/s te. g. , bank certification outstanding principal on c. Past due ti. e. . those beyond amount payable Iwith due date)l. original/amended due date duly approved/registered/noted Amounts that may be purchased shall be up to by the BSP (as applicable)l for amounts maturing on scheduled due dates more than one (1) month indicated in the bank certification/billing statement/PN. whichever is lower. 7. Payables of e-commerce market a. Certified true copy of the contract/ participants related to resident to agreement or equivalent document/s resident FX transactions between the resident counterparty and e-commerce market participant/s (e. g. . service agreement between service providedmerchant and payment platforms, netting agreement/s)'; and b. Transaction summary report or equivalent document/s showing: in pertinent details of the underlying transactions, including refunds/cashbacks (e. g. , date of transaction. currency. amount, settlement date, and reference number); and Iii) total/net amount due: and/or c. For fees/obligations payable to e-commerce market participants: document showing the amount due (e. g. . service fees). 3 The agreement/s shall be retained by the FX selling institutions for future transactions under the same arrangement.

A^^ 11. For Resident to Nori-Resident Nori-Trade Current Account4 Transactions under Section 2 of the FX Manual Pur OSe Documents Re uiredS I. Forei n travel funds Applicant's passport and ticket 2. Educational expenses abroad Proof of enrolment. or billing statement from (including any related fees/ schools/institutions abroad or equivalent costs/expenses/allowances) document/s 3. Distance learning/online courses Proof of enrolment, or billing statement from tincluding any related fees/ schools/institutions abroad or equivalent costs/ex ensesj document/s 4. Medical expenses a. For treatment/service administered/rendered or expenses incurred abroad: billing statement. or equivalent document/s; or b. For treatment/service to be administered/ rendered or expenses to be incurred: certification issued by doctor/hospital abroad indicating cost estimate, or equivalent document/s. 5. Living allowance/medical a. For children of the FX purchaser below 21 years expenses of dependents of a old: Ii) proof of residence abroad: and Iii) proof Philippine resident tie. . child. of relationship of Philippine resident to spouse or parenti abroad dependents abroad (e. g. . certified true copy of birth certificate. marriage contract, adoption papers); or b. For children of the FX purchaser 21 years old and above or spouse or parent who is unemployed or working on a part-time basis: in documents under item (a) above; and (ill applicant's notarized certification that the dependent is unemployed or working on a part-time basis abroad: or c. For children of the FX purchaser 21 years old and above or spouse or parent who is employed but requires funds for medical expenses: (ij documents under item Ia) above; (ii) applicant's notarized certification that the dependent requires funds for medical expenses abroad des ite be in em 10 ed; and Iiii) billin 4 These include FX purchases for down payments or advance payments Iwhether in partial or in full) and progress billings for non-trade services rendered/to be rendered by non. residents ' a) For FX purchases for remittance to payment/treasury centers/hubs. collection agents. and e-commerce market participants (e. g. . payment system operators. payment service providers/ aggregators), residents shall present/submit to the FX selling AAB and/or AAB forex corps an agreement or similar document, certified as true copy by the client's authorized officer. showing that payments intended for the ultimate beneficiaries should be made to the specific payment/treasury centers/hubs. collection agents. and e-commerce market participants Ie. g. . payment system operators. payment service providers/aggregators). The agreement/ document shall be retained by the FX selling institution for future transactions under the same a rrangement. bl For settlement of non-trade current account transactions under netting arrangements Iwhich may involve related or unrelated parties), a certified true copy of the netting agreement and netting statement shall also be presented/submitted. The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement. For intercompany netting arrangements involving goods and related services. the prescribed format for the netting statement is in Annex Z. I c) For non. trade current account transactions covered by Engineering. Procurement and Construction (EPCj contracts or similar contracts/arrangements. residents shall present/submit to the FX selling AAB/AAB forex corps the: Ii) covering contract/agreement (including amendments/ revisions. if any); and Iii) progress billing statement (or equivalent document/s) showing actual amount due and payment due date. The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement.

A^U^ Put OSe Documents Re uired5 statement or certification issued by doctor/ hos it al abroad indicatin cost estimate. 6. Emigrants' assets (including a. Emigrant"s visa or proof of residence abroad; inheritance. legacies. and b. Proof of ownership or transfer of assets income from properties) (as applicable) leg. . Notarized Deed of Sale of regardless of residency assets such as real estate, vehicles, machineries/equipment in the Philippines I; c. Proof of income received from properties in the Philippines; and d. In the absence of the emigrant: notarized Special Power of Attorney (SPA) for emigrant's representative/agent. SPAS executed abroad must be duly authenticated by the Philippine consulate abroad. 7. Salary/bonus/dividends/other a. Employment contract/certification of employer benefits of foreign nationals showing the amount and currency of Iincluding peso savings) compensation of the foreign national during the validity of the contract, or equivalent document/s. Compensation received in FX must be supported by proof that the FX was previously sold for pesos to AABs; and b. Alien Certificate of Registration Identity Card (ACR!-Card) and Department of Labor and Employment (DOLE) Alien Employment Permit of the forei n national. 8. Foreign nationals' income taxes a. ACR I-Card and DOLE Alien Employment due to foreign governments Permit; and b. Income tax return covering the income tax a merit sou ht to be remitted. 9. Sales proceeds of foreign a. ACR I-Card: and nationals' domestic assets b. Proof of sale of asset/s indicating currency of a merit. 10. Producers' share in a. Statement of remittable share rental or rental. multimedia/movie revenueh'\/ or equivalent document/s; and film rentals b. Contract/a reement, or e uivalent document/s. 11. Export commissions due to a. Billing statement from non-resident agent or foreign agents equivalent document/s; and b. Contract/a reement. or e uivalent document/s. 12. Freight charges on a. Billing statement or equivalent document/s; exports/imports and b. Contract/a reement, or e uivalent document/s. 13. Charters and leases of a. Billing statement from non-resident vessels/aircrafts lessor/owner of vessel/aircraft or equivalent document/s; and b. Contract/a reement. or e uivalent document/s. 14. Leases of equipment and other a. Billing statement from non-resident lessor capital goods owned and/or and/or owner of the equipment and other leased by non-resident entities capital goods or equivalent document/s; to residents b. Contract/agreement, or equivalent document/s; and c. Shi in documents or e uivalent document/s. 15. Port disbursements abroad for a. Billing statement or equivalent document/s; aircraft and vessels of Philippine and registry or chartered by b. Contract/agreement. or equivalent document/s. domestic operators and salvage fees 16. Satellite and other a. Billing statement or equivalent document/s; Telecommunications services and b. Contract/a feement. or e uivalent document/s.

^0^ Pur OSe Documents Re jreds 17. Underwriting/brokerage services' involving Philippine ^: shares a. International underwriting agreement or similar agreement/contract which shows the offer price, fees/commissions and related expenses: b. Detailed computation of the amount subject for remittance certified by the authorized officer of the issuer/concerned entity; and c. Proof of listing of the shares in the PSE. or relevant approval by the appropriate regulatory agency for private placements. a. Certified true copy of the covering purchase invoice or sales invoice (as applicable) reflecting the commission due to the foreign broker/ dealer client: and b. Detailed computation/allocation of the commission due to the foreign broker/dealer client for each urchase transaction. 18. Share in Head Office Expenses a. Original Bangko Sentral Registration Document tincluding reimbursementSI IBSRD) for the assigned capital in the branch; b. Audited schedule/s of allocation of expenses for the period/s covered: and c. Certification from the Head Office that the share in Head Office expenses remains unpaid and outstandin . 19. Insurance/reinsurance premium Billing statement/invoices of insurance companies/ due to foreign insurance brokers abroad. or equivalent document/s coin an Ies 20. Claims against domestic Billing statement/invoices from foreign insurer/ insurance companies by brokers reinsurer, or equivalent document/s abroad 21. Net peso revenues of foreign a. Statement of net peso revenues (peso revenues airlines/shipping companies less expenses) certified by authorized officer of airline/shipping company; and b. Contract/a reement. or e uivalent document/s. 22. Royalty/copyright/franchise/ a. Billing statement/computation of the royalty patent/trademark/licensing fees copyright/franchise/patent/trademark/licensing tincluding FX payments for fee; and digital products/apps not in b. Contract/agreement, or equivalent document/s. CDs/media devices I 23. Net peso revenues of Statement of net peso revenues (peso revenues less embassies/consulates of foreign expenses) certified by the Embassy'SIConsulate's countries authorized officer 24. Other nori-trade current a. Billing statement or equivalent document/s; account fees or services and provided by non. residents b. Contract/agreement. or equivalent document/s. (e. g. , advertising. consultancy. research and development, architectural/engineering/other technical services) ' Including fees payable by non-residents to another non-resident entity acting as; Iai underwriter. bookrunner or foreign broker-dealer for initial public offering/follow-on offering; and Ib) bookrunner and/or manager for the private placement/secondary block trade of listed securities

AE^ Pur OSe D uments Re u jreds 25. FX obligations of Philippine Summary billings or equivalent document/s credit card companies to international credit card companies/nori-resident merchants 26. FX non-trade current account a. Certified true copy of the contract/agreement transactions between residents or equivalent document/s between resident and nori-residents involving counterparty and e-commerce market e-commerce market participant/s Ie. g. , service agreement between participants service provider/merchant and payment platforms. netting agreement/sy; and b. Transaction summary report or equivalent document/s showing: in pertinent details of the underlying transactions, including refunds/ cashbacks (e. g. . date of transaction. currency. amount. settlement date. and reference number); and (ii) total/net amount due: and/or c. For fees/obligations payable to e-commerce market participants: document showing the amount due Ie. ., service fees). 27. Refund of unused foreign grant a. Contract/agreement covering the foreign by/aid from nori-residents grant/aid. or equivalent document/s: funded by inward remittance of b. Request from grantor for the refund of the FX that was converted to pesos unused amount of grant/aid; and through AABs c. Bank certification on: i. Inward remittance of the foreign grant/aid and its conversion to Philippine pesos; and ii. Balance of the pH P account from which the Philippine peso to be converted shall be debited. 28. Refund of performance/bid a. Contract/agreement, or equivalent document/s; bonds/mobilization fund' for and on shore ro'ects b. Proof of amount due for refund. 29. Settlement by Philippine Certification by PDIC on the amount of deposit Deposit Insurance Corporation liabilities to be paid to non-resident depositors IPDIC) of FCDU de OSit claims' 7 The agreement/s shall be retained by the FX selling institution for future transactions under the same arrangement. B Excluding advances which partake the nature of a foreign loan 9 For the settlement by PDIC of FCDU deposit claims. supporting documents must be presented regardless of amount

Page I of 2 Minimum Documentary Requirements for Peso Deposit Accounts of Nori-residents' Source of Funds Documents I. Peso proceeds from conversion of Certificate of inward remittance ICIR) of inward remittance of convertible FX FX and conversion to pesos using the prescribed form under Appendix 10.1 or equivalent document/s issued by the receiving and/or converting bank for peso proceeds to be used for foreign investment 2. Peso receipts2 of non~residents from, or Documents listed under Appendix 1.4 peso sales proceeds of. BSP-registered inward investments under Part Three, Cha ter 11 of the FX Manual 3 Peso receipts of non-residents from, or Contract/agreement or equivalent peso sales proceeds of. properties in the document/s showing the source of pesos Philippines allowed to be owned by nori-residents under exist in laws3 4. On shore peso receipts of non-residents Documents listed under Appendix I from residents for services' rendered by nori-residents to residents under Part Two. Chapter I of the FX Manual 5. On shore peso receipts of nori-residents Documents listed under Appendix 1.5 from residents for trade transactions under Part Two, Chapter 11 of the FX Manual 6. Peso receipts of expatriates working in a. Employment contract showing that a the Philippines for less than one (1) year non. resident is an expatriate working representing salary/allowance/other in the Philippines for less than benefits one a I year: or b. Certification of employer showing amount of compensation paid to the foreign national during the validity of the contract: or c. Equivalent documents showing the source of pesos leg. . pay slip) and expatriate status (e. g. , DOLE-issued work ermit) 7. Peso funds of: 01 foreign students a. Passport and School ID (for students); enrolled for at least one (1) school term and in the Philippines; and (ii) non-resident b. (i) If funded by inward remittance of Filipinos FX: CIR of FX and conversion to pesos using the prescribed form under Appendix 10.1 or equivalent document/s issued by the receiving and/or converting bank; or (ii) If funded by hand-carried FX proof of conversion to pesos through AABs or AAB forex corps; or Iiii) If funded by peso income of a non"resident: contract/agreement or equivalent document/s showing the source of esos Applies to initial and subsequent deposits to the account. regardless of amount of deposit 2 including refund of taxes or erroneously withheld taxes related to BSP-registered investments 3 Excluding condominium units that are registerable with the BSP ' Including underwriting/brokerage services tinvolving Philippine shares) rendered to nori-residents by another nori. resident entity acting as Ia) underwriter. bookrunner or foreign broker-dealer for initial public offering/follow-on offering; and Ib) bookrunner and/or manager for the private placement/ secondary block trade of listed securities

Source of Funds Documents 8 Cash collateral used for investments Contract/agreement or equivalent under Securities Borrowing and document/s showing details and amount Lending or similar arrangements under of the underlying transaction with Part Three, Cha ter 11 of the FX Manual collateral 9. Peso receipts of non-residents from Documents listed under Appendix 13 residents for payment of private sector foreign loans and other loan-related transactions that are duly approved/ registered with/reported to the BSP Ias a 11cable) under Section 24 10. Peso proceeds from the on shore sale by Documents listed under Appendix 1.4 non-resident issuers of their equity and debt securities under Section 34 11. Peso funds returned to non-residents Documents listed under Appendix 1.4 for excess pesos arising from unrealized investments5 under Section 38.4 ' Unrealized investments refer to investments of non-resident investors that did riot materialize.

Page xxx of xxx (As introduced by Circular No. 984 dated 22 Dec 2017. and as amended by Circular Nos. 1030 dated 5 Feb 2019 and dated ) Minimum Documentary Requirements' for the Sale of Foreign EXchange (FX) Relating to Foreign Loans/Borrowings, Guarantees and Other Financing Schemes/Arrangements I. For Servicing of Foreign Loans/Borrowings of the Public Sector' Transaction Documents Required I, BSP-a roved ublic sector loans/borrowin s under Sections 23.1 and 25.1 a. Regular amortization/ payment xxx b. For other public sector entities leg. . Government Owned and Controlled Corporations. Government Financial Institutions except government banks): i. BSP letter granting final approval; and ii. Billing statement from creditor or e uivalent document/s. b. xxx a. xxx c. Payment for loans that are past b XXX: Original BSP approval of the due lie. . beyond original/ prepayment/payment of past due loans/ amended due date duly borrowings for more than one (1) month. approved by the BSP) for more than one OI month xxx 11. For Servicing of Foreign Loans/Borrowings of the Private Sector Transaction Documents Required I. BSP. approved and registered publicly-guaranteed private sector loans/borrowings under Sections 24.1 and 25.1; and BSP-registered private sector loans/borrowings that are not ublicl ~ uaranteed under Section 24.2 xxx b. xxx a. xxx; and c. Past due lie. . beyond b. For publicly-guaranteed private sector original/amended due date loans/borrowings: duly approved/registered/ noted by the BSP I. XXX (as applicable)I ii. Past due for more than one U ) month: I. xxx to pay past due accounts for more than one O ) month; or 2. xxx: or c. For private sector loans/borrowings that are not publicly"guaranteed: I. Original BSP letter acknowledging receipt of the borrower's notice of intent to: 01 prepay xxx: or (2) pay past due accounts for more than one a ) month: or ii. For late submission of notice of intent: Specific BSP letter. a) All purchases of FX must be accompanied by duly accomplished Application To Purchase FX IAnnex A1, bl Please refer to Part I. Appendix I for the documentary requirements for sale of FX for settlement of foreign currency loans. a XXX

Page xxx of xxx IAS introduced by Circular No. 984 dated 22 Dec 2017, and as amended by Circular Nos. 1030 dated 5 Feb 2019 and dated ) Transaction Documents Required 2. Private sector foreign loans/borrowings (including those in the form of bonds/notes/other debt instruments issued offshore) that are not ublicl - uaranteed" and not covered b Section 24.3. as a. Loans under Section 24.3. b xxx Foreign obligations xxx b. Loans under Section 24.3. c I. XXX 11. XXX c. Loans compliant with a. Original specific BSP letter-authority for the Section 24.2 for payment of fees payment of fees; and Iexcluding interest) prior to b. Billing statement from creditor or equivalent d rawd own document/s te. g. . Certification from the creditor on the amount of fees due prior drawdown twith due date)l. 3. Payments related to foreign loans of non-bank financial institutions with uasi-bankin functions that are riot ublicl - uaranteed XXx b. xxx a. Original BSP letter acknowledging receipt of C Past due (i. e. . beyond original/ the borrower's notice of intent to: xxx; amended due date duly noted or Iii) pay past due accounts for more than by the BSP) for more than one O) month; and one a ) month b. xxx. 4 Refund of unused foreign loan a. Contract/agreement covering the foreign proceeds that were funded by loan; inward remittance of FX that was b. Request from creditor for refund of the converted to pesos through AABs unused foreign loan proceeds: and c. Certificate of inward remittance (CIR) of FX and conversion to pesos using the prescribed form (Appendix 10.1) or equivalent document/s issued by the receiving and/or convertin bank. XXX 4 XXX 5 XXX

Page xxx of xxx Minimum Documentary Requirements' for the Sale of Foreign EXchange (FX) Relating to Inward and Outward Investments I* For Inward Investments by Non-residents Pur OSe Documents Re uired A. Ca it al Re atriation for Investments: I. In instruments re istered with BSP under Section 36 i. Assigned capital/operational a. xxx; working fund/contributed capital b. xxx; and ii. Condominium c. Computation of the peso amount to be iii. Capitalized expenses incurred by converted to FX using the prescribed foreign firms format (Annex N) XXX 1/1. For Other Transactions Purpose Documents Required A. Outward remittance in equivalent FX of: a. Certificate of inward remittance of FX Ia) excess pesos that were funded by and conversion to pesos in the inward remittance of FX, computed as prescribed form (Appendix 10.1 of the follows: peso proceeds of FX inward FX Manual) or equivalent document/s remittance less the peso amount issued by the receiving and/or actually used for on shore investment/s; converting bank; plus (b) interest earned on the excess b XXX: pesos, if any (Section 38.4) c. xxx; and d. xxx. B. Refund of taxes or erroneously withheld a. Original BSRD; and taxes related to BSP-registered b. Proof of refund of taxes or erroneously investments withheld taxes C. Settlement xxx XXX D. Remittance xxx xxx I All purchases of FX must be accompanied by a duly accomplished Application To Purchase FX (Annex A)

AER^ Page I of 5 Guidelines Covering Import Transactions under Part Two, Chapter 11 of the FX Manual The following guidelines shall also apply to import transactions under Part Two. Chapter 11 of the FX Manual: I. General Guidelines I. In case the FX selling institution is different from the issuing/ booking/reporting/depository/remitting AAB/OBU, the FX selling institution shall: a. simultaneously transmit the supporting documents (as applicable) and transfer the FX proceeds to the depository/ remitting institution on the date of FX sale; and b, indicate in the remittance instructions pertinent information [e. g. , Letter of Credit (LC) No. , bill of lading IBL) no. , invoice no. ] of the trade transaction. 2, If the FX remitting institution is not the reporting AAB/OBU, the former shall advise the latter on said remittance within two (2) banking days after remittance date. 3. The following transactions' shall be reported under the relevant schedule/s of FX Form 1/1A (as applicable} a. Schedule 2: for deposits received from/made to other local banks; b. Schedule 4: for advance payment of imports; c. Schedule 5: for payment of services; d. Schedule 7: for sale of FX for payment of import negotiated with/remitted by other banks; or withdrawal from FCDU account for payment of import negotiated with/to be remitted by other banks; and e, Schedule 11: for import payments. 11. Additional Guidelines for Specific Modes of Payment for Imports A. For Importations under Documents Against Acceptance (DAYOpen Account toA) Arrangements (regardless of maturity/extension) I. All DAIOA availments shall be reported under Schedule 10 of FX Form I or FX Form IA (FX Form In A) at least ten (10) calendar days before I Including FX transactions involving: Iai trade in goods and services under Engineering. Procurement and Construction (EPC) contracts or similar contracts/arrangements: and Ib) trade receivables (as applicable)

AR^ the original/extended' maturity date of the said DAIOA importation. based on the information/documents te. g. , BL/air waybill (AWB), sea waybill (SWB), invoice, arrival notice for importations under telex releasel presented/ submitted (as applicable) 2. The reporting bank of the DAIOA availment shall verify with/obtain from the BSP the code of a new importer for purposes of reporting under FX Form 1/1A and its schedules. 3, Each DAIOA importation shall be assigned a unique Bank Reference Number (BRN) by the reporting bank which shall include the bank code. Such BRNs shall be used by banks in reporting the availments and payments for the importation. 4, Import obligations under DAIOA arrangements may be serviced using FX of the banking system regardless of maturity date and frequency of extension without prior BSP approval/registration; Provided that the availment and extension/s have been duly reported to the BSP under Schedule 10 of FX Form 1/1A. 5. If the currency of the obligation is not UsD, the UsD equivalent to be reported under the relevant schedule/s of FX Form In A, as applicable, shall be computed at the eXchange rate quoted in the daily BSP Reference EXchange Rate Bulletin on transaction date. 6. Payments on DAIOA importations shall be duly reported under Schedule 11 of FX Form 111A. For partial payment of DAIOA imports, the payments shall be marked with an asterisk (*), indicating the amount in original currency and UsD equivalent in a footnote. B. For Importations Covered by Letters of Credit ILCs) I. For purposes of opening an LC, the resident client shall submit the following to the AAB/OBU: a. Duly accomplished LC application; b. Firm offer/proforma invoice which shall contain information on specific quantity of the importation, unit cost and total cost, complete description/specification of the commodity and Philippine Standard Commodity Classification statistical code; c. Permits/clearances/certification/approval/letter of authority from appropriate government agencies tinc!uding the BSP) and sworn statement for duty exempt/zero-rated importations to the effect that it is duty-exempt and citing the specific basis/ authority of such exemption, as applicable: and d, Duly accomplished Import Entry Declaration (IED) Form. 2 As evidenced by an extension letter from the foreign supplier submitted to the FX selling bank for every extension

ARE^^ 2. All import LCs to be opened shall include, among others, the following clause under the LC terms and conditions: "LC number shall be indicated on all copies of shipping documents or equivalent documents. " 3. Issuance of/payments through LCs shall be reported under the following relevant schedule/s of FX Form In A (as applicable): a. SchedulelO upon opening of LC; and b. Schedule 11 upon payment. C. For Importations under Documents Against Payment (DPI and Direct Remittance (DR) Arrangements Payments on DP and DR importations shall be duly reported under Schedule n of FX Form 111A. For partial payment of DR imports, the payments shall be marked with an asterisk (*), indicating the amount in original currency and UsD equivalent in a footnote. D. For Advance Payment of Imports I. For FX sold for direct remittance to the intended beneficiary: a. If the FX selling entity is an AAB, the FX sale and direct remittance to the intended beneficiary shall be transacted on the same date and shall involve only one (1) AAB. The sale of FX shall be based on the eXchange rate prevailing at the time of sale and remittance; and b. If the FX selling entity is an AAB forex corp. the FX proceeds for direct remittance to the intended beneficiary shall be remitted through the parent AAB. The remitting AAB shall see to it that sales of FX by its AAB forex corp subject for remittance are made in accordance with existing rules. 2. The FX selling/remitting AAB shall report to the BSP-100 advance payment of imports and refund of advance payment under Annexes B. I and B. 2, respectively. The reports. which shall show the total amount for the month involved, shall be submitted in electronically signed format (i. e. . PDF or scanned copy) together with the Excel file of the report within the first five (5) banking days of the month succeeding the date of FX sale or date of receipt of FX (as applicable). 3. The FX selling/remitting AAB shall report to the BSP under FX Form 1/1A the following transactions: a. The remittance of FX by the AAB for advance payment of imports as "Import Advances/Down Payments" (Code No. 040) under Schedule 4;

A^D^ b. The purchase of FX by the AAB from the resident client arising from a refund of advance payment on cancelled imports as "Refund of Import Advances/Down Payments" (Code No. 0401 under Schedule 3; and c. In case of importations with partial advance payment whose balance is payable through LC, DAIOA, DP, or DR. such balance shall be reported under the following relevant schedule/s: I, Schedule To upon opening of LC or upon availment of DAIOA; a rid ii. Schedule 11 upon payment. E. For Digital Payments through E"commerce Market Participants I. Each importation shall be: (a) assigned a unique transaction reference number pertaining to the specific underlying transaction; (b) reported in only one (1) transaction summary report; and (c) serviced by only one (1) AAB, Refunds/cashbacks shall also be included in the transaction summary report indicating therein the pertinent details of the u riderlying importation, 2. There shall be no FX sale to an e-commerce market participant that will receive/has received FX payments for the transaction. 3. For FX sold for direct remittance to the intended beneficiary, the FX selling AAB shall also be the remitting and reporting bank. For FX sold for credit to the resident client's FCDU account with the FX selling AAB (or another AAB) for eventual remittance on or before due date to the intended beneficiary, the FX selling institution shall directly transfer the FX sold to the FX purchaser's depository bank which shall also be the remitting bank. 4. The FX selling/remitting banks shall report all FX sales/remittances under the following relevant schedule/s of FX Form 1/1A (as applicable): a, Schedule 5: for payment of services under the contract; b. Schedule 7: for importations settled through bank/s other than the FX selling institution; and c, Schedule 11: for importations settled. 1/1. Additional Guidelines for Importations under Intercompany Netting Arrangements I, Each importation shall be assigned a unique Bank Reference Number (BRN) by the FX selling AAB which shall include the bank code. Such BRN shall also be used in reporting payment for the importation.

A^I^ 2. AABs shall report intercompany netting arrangements as follows: a. All transactions covering imports and exports of goods and related services to be funded by FX purchased from AABs using Annex Z; b. Net amount of payables under Schedule 6 of the FX Form In A; and c. Gross amount of all transactions under the following relevant schedule/s of FX Form 111A (as applicable I I, Schedule 5: for payment of services; 11. Schedule 7: for importations settled through bank/s other than the FX selling institution; 1/1. Schedule 9: for export proceeds; and IV. Schedulell: for importations settled, 3. If the original currency of payment is not UsD, the UsD equivalent to be reported under Annex Z shall be based on the actual rate for the sale of FX. 4. For FX sold for direct remittance to the intended beneficiary, the FX selling AAB shall also be the remitting and reporting bank. For FX sold for credit to the resident client's FCDU account with the FX selling AAB for another AAB) for eventual remittance on or before due date to the intended beneficiary, the FX selling institution shall directly transfer the FX sold to the FX purchaser's depository bank which shall also be the remitting bank. 5. Payments prior to due date may be made without BSP approval; Provided that the documents under Appendix 1.5 are presented/submitted upon FX sale. Payments after the original due date may also be made without prior BSP approval, regardless of frequency of extension in maturity; Provided that the transactions are duly reported to the BSP.

Page xxx of xxx Guidelines Covering Inward Investments under Section 36 of the FX Manual XXX I. Registration of investments with BSP' A. Application for registration XXX Should the instrument require regulatory/board/other government agency clearance/approval/action under applicable laws, rules and regulations, which will be obtained later than the reckoning dates mentioned above, the reckoning date shall be based on the date of such clearance/approval/action. 3. XXX B. Changes in BSP-registered investments I. The BSP-100 shall be notified of any change' in BSP-registered investments. XXX 3. For changes in the name of investor/investee not involving corporate restructuring and transfer of ownership, the non-resident investor (or his resident agent/duly authorized representative) shall submit to the BSP-100 the existing BSRD for replacement and proof of change in the name of the investor/investee (e. g. , consularized document, SEC Amended Articles of Incorporation) not later than one O ) month prior to the target date of purchase of FX, XXX xxx 3 Including additional paid-in capital

Page xxx of xxx Guidelines Covering Inward Investments under Section 37 of the FX Manual XXX 11. Repatriation of capital/remittance of related earnings I. xxx 2. In cases when the FX sale/repatriation/remittance will be done by an AAB that is not the registering AAB, the latter shall issue' a BSRD Letter Advice (BSRDLA) [using the prescribed form under Appendix 10.2] authorizing the FX selling/remitting bank to use (in full or partially) the remaining investments covered by the BSRD. The remitting AAB shall only effect the remittance evidenced by the supporting documents listed under Appendix 1.4 of the FX Manual. 3. A BSRDLA may also be issued by a registering bank xxx in different banks. 4. The BSRDLA shall expire one (1) month from issuance date. After its expiry, the BSRDLA can no longer be used for: (a) FX sale by AABs/AAB forex corps to service capital repatriation/remittance of earnings; or (b) transfer of peso sales proceeds of a registered investment to an AAB other than the original registering AAB for: (i) registration of a newinvestment; or (ii) deposit to the IPD accou nt of a non-resident; or (c) transfer of funds between IPDs of a nori-resident investor in different registering AABs. The expired BSRDLA may be applied for renewal/extension with the BSP-100, 1/1. Reporting I. All transactions on registered investments shall be reported by the registering/remitting AABs to BSP-100 at iod-pid@bsp. gov. ph' within two (2) banking days from registration/settlement/actual remittance date under the Report on Investments Registered with AABs' and Report on Interim Peso Deposits of Foreign Investments Registered with AABs (Annex AC), together with the original CIR of FX and BSRDLA (as applicable). XXX. XXX I upon request by the FX selling/remitting bank S xxx 6 XXx

Page xxx of xxx (As introduced by Circular No. 1030 dated 5 Feb 2019, and as amended by Circular No. dated ) Supporting Documents' for Registration of Inward Investments XXX I. Proof offunding Form of Fundin Proof of Fundin A In cash I. Inward remittance of foreign Certificate of Inward Remittance ICIR) of FX eXchange (FX) through an AAB in the prescribed format IAPpendix 10.11. or equivalent document/s xxx 11. Proof of investment e of Investment Proof of Investment b Non-resident Investor A. Instrumen ts for re 1st ration with the BSP under Section 36 I. Assigned capital/operational a. XXX; working fund/contributed capital (Section 35.1. a I b. xxx; and c. For investment in firms under dissolution or already dissolved: (i) SEC Certificate of Dissolution of the investee firm (as applicable); Iii) Statement of Net Assets in Liquidation signed by the Liquidation Trustee of the investee firm; and (iii) certification signed by the Liquidation Trustee of the investee firm attesting, among others, to the amount due to the nori-resident investor and that no FX has been purchased in relation to such assets and/or amount. xxx 4. Equity securities issued on shore a. xXx by residents that are not listed at an on shore eXchange b. xxx; and Isection 33.3. a. (i)l c. For investment in firms under dissolution or already dissolved: in SEC Certificate of Dissolution of the investee firm (as applicable I; (ii) Statement of Net Assets in Liquidation signed by the Liquidation Trustee of the investee firm; and Iiii) certification signed by the Liquidation Trustee of the investee firm attesting, among others, to the amount due to the non-resident investor and that no FX has been purchased in relation to such assets and/or amount. xxx It is understood that when a bank certification regarding its client's deposit account is required. the owner of the account should have executed a notarized waiver of secrecy of its deposits

CERTIFICATE OF INWARD REMITrANCE (ciR) OF FOREIGN EXCHANGE No. YWY-NNNNNN-BBBBBBBBBBB Name of Issuing Bank To THE BANGKO SENTRAL NG PILiPiNAs: This is to certify that this Bank (mark the applicable box/es): Pa rt A: . Received an inward remittance of foreign eXchange (FX), with the following particulars: I. Name of Remitter: 5. Remittancen'elegraphic Transfer Ref. No. : Currency: Amount (in original currency I: 2. Country of Remitter Remittance charges tin original currency): Net Amount tin original currency): 3. Remitting Foreign Bank: Us$ Equivalent: FX Conversion Rate (Original currency Us$) 4. Date of Remittance: 6. Beneficia (ies): (Do-MMM-YYYY) Name Amount (In ori in al currenc I Part B: a Converted a portion/the full amount of FX inwardly remitted IPhotocopy of related CIR attached. if applicable), with the following particulars: 7. FX Receiving Bank: 8. CIR No. : 9. Remittanceh'elegraphic Transfer Ref. No. : 10. Date of 11. FX Converted 12. FX 13. Bank Charges 14. PHP 15. Us$ Equivalent Conversion in original Conversion of converting Proceeds of PHP proceeds (DD-MMM- currency Rate (Original bank (in original (net of charges) for non-Us$ YYVYj (net of remittance currency:PHP) currency) funds) charges) Part C: a Amount not converted in CIR No. issued by under remittance/telegraphic transfer ref. no. used to fund foreign investments (for investments registered with BSP not requiring conversion to pesos): . Utilized a portion/the full amount of FX inwardly remitted ICOpy of related CIR attached. if applicable), with the following particulars (for investments registered with AABs): 16. FX Converting Bank: 17. CIR No. 18. Date/s of Utilization 19. Amount Utilized (in PHP) (DD-M MM-WYY) This certificate is issued relative to the .inward investment of/ . loan granted by: < > in/favor of < > On < > Bank Branch or Department in Head Office Signature of Authorized Bank Officer over Printed Name Company Tel. No. : Company Fax No. : Position Company Email Address: 100 Form 03-002-04 ' Version 4 ' Updated <date>

Guide/Instructions for Filling Out the Certificate of Inward Remittance ICIR) I. GENERAL INSTRUCTIONS I. Only one (, ) CIR xxx pesos. However, banks may issue without prior BSP authorization another CIR to replace a lost or erroneous CIR provided that it is indicated that the replacement CIR shall cancel and supersede the lost/erroneous CIR, XXX 11. SPECIFIC INSTRUCTIONS CIR NUMBER FORMAT - YWY-NNNNNN-BBBBBBBBBBB where: . YYW for the year the CIR is issued . NNNNNN for the series number of the CIR . BBBBBBBBBBB for the enterprise"wide bank code composed of the following: > 1st _ 2nd digits: bank kind (i. e. , "00" for universal/ commercial banks and "01" for thrift banks) > 3, d - 6'h digits; four (4)-digit entity code used prior to Issuance of BSP Circular No. 1030 dated 5 February 2019 > 7th - 8'' digits: bank type (i. e. . '00" for Head Office and "01" for branch of a local bank) > 9th _ 11th digits branch code of the bank (i. e. . '000" for Head Office and foreign bank branches, and for branch of a local bank: the code provided by the BSP when the branch was opened). XXX 4. DATE OF REMITTANCE - refers to the value date when the receipt of FX was recorded in the books of the receiving bank, Field format is DD-MMM-YWY (e. g. , 01-Jan-2021), The same format is standard for all datei7e/dsin the report, 5. REMITTANCE/TELEGRAPHIC TRANSFER: XXX CURRENCY - xxx. AMOUNT- refers to the amount received by the FX receiving bank. REMITrANCE CHARGES - refers to bank charges, if any, of the receiving bank deducted from the FX inwardly remitted. NET AMOUNT - refers to the amount of FX (net of receiving bank charges) received by the FX receiving bank. XXX

6. BENEFICIARY(IES) DETAILS NAME refers to the account/company name of the intended recipient of the funds. If the beneficiary is receiving the FX funds on behalf of the investee firm, indicate "<beneficiary name> on behalf of <investee firm>". AMOUNT ~ xxx XXX 11. FX CONVERTED refers to the amount of FX (e. g. . JPY. EUR) converted to pesos net of remittance charges. 12. FX CONVERSION RATE - refers to the eXchange rate used for the conversion of FX to Philippine peso in four (4) decimal places (e. g. , pH P50.2800 ). 13. BANK CHARGES OF CONVERTING BANK - refers to the amount of total bank charges, if any, of the FX converting bank deducted from the peso proceeds. XXX 15, Us$ EQUIVALENT OF PHP PROCEEDS (for non"Us$ funds) - If FX remitted is other than Us$, this refers to the Us dollar value of the peso proceeds. This is a mandatory field for remittances other than Us$ to be computed as follows: peso proceeds divided by the BSP reference rate (PHP/Us$) on the conversion date, XXX

<1ssuing Bank's Letterhead> BSRD Letter Advice Date: < > Issuing Bank's Ref. No. : < > sA^ Purpose: (please check appropriate box/es) . Repatriation of capital/divest merit proceeds . Remittance of earnings . Reinvest merit of capital/divest merit proceeds or earnings . Transfer of custodian/registering bank . Others: (please specify) Gentlemen: Please be advised that as instructed by our non-resident client, < > on and to support the purpose stated above, your bank is hereby authorized to utilize the indicated number of shares/ PHP amount under the following BSRD/s: . Capital: No. of shares/ BSRD No Investment ID Amount in PHP . Dividends/Earnings: No. of Record/ Net Ex-dividend Date Basel Dividend Amount BSRD No Investment ID Mother Rate (DD-MMM-YWY) in PHP Shares This letter-advice is valid for one (1) month from date of issuance and may be renewed only with prior approval from the BSP-International Operations Department. Signature of Authorized Bank Officer over Printed Name Position Company Tel. No. : Company Fax No. : Company Email Address:

Guidelines/Instructions for Filling Out the BSRD Letter Advice (BSRDLA) I. GENERAL INSTRUCTIONS I. A BSRDLA shall be issued by a registering bank if there is an intended outward remittance/repatriation that shall be effected through an authorized agent bank (AAB) other than the registering AAB. This BSRDLA authorizes the FX selling/remitting bank to use (in full or partially) the shares/amount indicated therein. 2. A BSRDLA may also be issued by a registering bank in favor of another registering bank for transactions involving peso sales proceeds of a registered investment which will: (a) fund a new investment to be registered by the latter; and (b) be deposited in the non~resident investor's account with the latter bank. A BSRDLA may also be issued to transfer funds between interim peso deposit accounts (IPDs) of a non-resident investor in different banks, 3. The BSRDLA shall expire one (I ) month from issuance date. After its expiry, the BSRDLA can no longer be used for (a) FX sale by AABs/AAB forex corps to service capital repatriation/remittance of earnings; or (b) transfer of peso sales proceeds of a registered investment to an AAB other than the original registering AAB for: in registration of a new investment; or (ii) deposit to the IPD account of a non-resident; or (c) transfer of funds between IPDs of a nori-resident investor in different registering AABs. The expired BSRDLA may be applied for renewal/ extension with the BSP-100 4. The BSRDLA shall be submitted by the registering bank to BSP~100 at iod-pid@bsp. gov. ph within two (2) banking days from registration/settlement/actual remittance date, together with the Report on Investments Registered with AABs and Report on Interim Peso Deposits of Foreign Investments Registered with AABs (Annex AC) 11. SPECIFICINSTRUCTIONS I. BSRD No. - refers to the pre-assigned number of the BSRD covering registered investments. 2. INVESTMENT ID - refers to the alpha code/stock symbol of the security assigned by the Philippine Stock EXchange (PSE) which will be the only acceptable standard. For government securities (CS ), indicate the applicable codes like TBIL, FXTN, RTB. For 90-day peso time deposits, indicate TD. For IPDs. indicate IPD and the following applicable fund source codes (e. g. , IPD-PSE, IPD-Peso CS) Code Particulars PSE PSE-listed equity securities issued by residents excluding ETFs and PDRs Isection 33.3. a. (ii) of the FX Manuall Peso CS Peso-denominated debt securities issued on shore by the National Government and other public sector entities Isection 33.2 of the FX Manual) Peso TD Peso time deposits with an AAB with a maturity of at least 90 days Isection 33.4 of the FX Manual) ETF Exchan e Traded Funds issued/created on shore b residents

Code Particulars (Section 33.3. c of the FX Manual) PDRs Philippine Depositary Receipts whether not listed or listed at an on shore exchan e [Section 33.3. e. (i) and (ii) of the FX Manual] PSE-NR Equity securities issued on shore or offshore by non-residents that are listed at an onshore eXchange (Section 34.1 of the FX Manual I PDl Peso-denominated debt instruments issued on shore by private sector residents listed at an on shore eXchange that are not covered by the provisions of Part Three. Chapter I of the FX Manual tSection 333. b. (ii) of the FX Manuall PDl not Peso-denominated debt instruments issued on shore by private sector listed residents not listed at an on shore eXchange that are not covered by the provisions of Part Three, Chapter I of the FX Manual tSection 33.3. b. (i) of the FX Manuall PDl-NR Peso-denominated debt instruments issued on shore by non-residents that are listed at an on shore exchan e Isection 34.2. b of the FX Manual) UITF Peso-denominated Unit Investment Trust Fund issued on shore by residents isection 33.3. d of the FX Manual) MF Peso-denominated Mutual Fund issued on shore by residents Isection 33.3. d of the FX Manual) 3. No. OF SHARES/AMOUNT- refers to the following: . For PSE-listed securities - number of shares that have been sold by the investor/s or transferred out; . For CS - face value of the securities that have been sold/matured; . For TD - maturity value of the time deposit; and . For IPD amount utilized to purchase additional investment/s, transferred to another custodian bank or to fund an intended outward remittance/repatriation. 4. RECORD/Ex-DIVIDEND DATE - refers to the date of the investee firm's corporate action event that determines the number of mother shares entitled to participate in or avail of the corporate action, Note that ex-dividend date is used as the reckoning date for entitlement computation of dividend if the shares are sold on or after the ex~dividend date. 5. No. OF BASE/MOTHER SHARE - refers to the outstanding balance of the shares on record/ex-dividend date that is entitled to a corporate action event (e. g. , cash/stock dividend ). 6. DIVIDEND RATE - refers to the rate announced by the investee firm which declared the dividends. 7. NET AMOUNT IN PHP - refers to dividend/earnings (net of tax) accruing to registered investments to fund additional investments or lodge to an IPD account of the investor with another custodian bank or for repatriation by a remitting bank other than the registering bank.

ABE^ Page I of 4 Guidelines and Minimum Documentary Requirements for Foreign EXchange (FX) Forward and Swap Transactions The following are the guidelines and minimum documentary requirements for FX forward and swap transactions: I. Unless otherwise indicated, the documentary requirements shall be presented/submitted on or before settlement date to banks, regardless of amount involved. However. AABs shall implement their "Know Your Customer" policies and conduct due diligence on deal date to ensure that the: (a) underlying transaction is legitimate; (b) amount to be covered by the derivatives contract shall riot exceed the amount of such underlying transaction; and (c) transaction is eligible for servicing using FX resources of AABs/ AAB forex corps (e. g. , duly reported/registered) on settlement date. 2. The total amount of the derivatives contract/s with single or multiple AABs for a specific underlying transaction shall not exceed the amount of such underlying transaction during the term of the contract/s. 3. For trade and non-trade current account transactions. the documentation shall apply only to FX transactions with amounts (per underlying transaction) exceeding us0500. o00 (for individuals) and Us01,000,000 (for corporateslother entities). However, for transactions involving netting arrangements, e-commerce market participants, resident to resident FX transactions, loans/borrowings, guarantees and investments, minimum documentary requirements shall be presented/ su binitted regardless of amou nts involved. 4. Hedging of permanently assigned capital of Philippine branches of foreign banks/firms is not allowed. A. FORWARD SALE OF FX To COVER FX OBLIGATIONS - DELIVERABLE AND NON-DELIVERABLE Transactions with specific amounts and due dates shall be eligible for FX forward contracts. subject to the following guidelines: I. 7/7ADE TRANSACTIONS The outstanding obligation may be covered by an FX forward contract. subject to the documentary requirements under Appendix 1.5 of the FX Manual.

A^^ 2. NON-TRADE cup/?EN7 ACCOUNT TRANSACTIONS AND I?ES/DENT 70I?ES/DENT TRANSACTIONS The outstanding obligation may be covered by an FX forward contract, subject to the documentary requirements under Appendixl of the FX Manual 3. FOREIGN/.'017E/ON cup/?ENCYLOANs/B'OPPovi//Nos The outstanding obligation may be covered by an FX forward contract, subject to the documentary requirements under Appendices I and 1.3 of the FX Manual, as applicable. 4. INWARD INVESTMENTS The unremitted amount of sales/maturity proceeds, as well as earnings of nori-resident investors pertaining to BSP-registered investments in instruments under Sections 36.1 and 37.2 of the FX Manual may be covered by FX forward contracts. subject to the documentary requirements under Appendix1.4 of the FX Manual, Prospective sales proceeds from investments may be covered by an FX forward contract only if determined to be outstanding as of deal date for the contract and payable on a specific future date as indicated in the covering agreement or equivalent document, subject to the documentary requirements under Appendix 1.4 of the FX Manual. 5. OUTWARD INVESTMENTS The intended amount of outward investment with specific remittance date may be covered by an FX forward contract, subject to the documentary requirements under Appendix 1.4 of the FX Manual, B, FORWARD SALE OF FX To COVER EXPOSURES - DELIVERABLE AND NON-DELIVERABLE I, TRADE TRANSACTIONS Trade transactions with no specific amounts and/or due dates may be covered by an FX forward contract, subject to the documentary requirements under Appendix 1.5 of the FX Manual (as applicable). 2. FOREIGN/.'ORE/ON CURRENCYLOAN5;I, "801?/?OWINGS The outstanding balance of foreign/foreign currency loans/ borrowings may be covered by an FX forward contract, subject to the documentary requirements under Appendices I and 1.3 of the FX Manual, as applicable.

AE^ 3. GUAPAN7EES FX exposure arising from a call on a guarantee may be covered by an FX forward contract up to the amount guaranteed by the guarantor, subject to the documentary requirements under Appendix 1.3 of the FX Manual. 4. INWARD INVESTMENTS The outstanding balance of investments without specific repatriation date may be covered by an FX forward contract, based on carrying value on deal date, subject to the documentary requirements under Appendix 1.4 of the FX Manual. Earnings with specific amount but without specific remittance date arising from investments may be covered by an FX forward contract, subject to the documentary requirements under Appendix1.4 of the FX Manual. 5. OUTWA/?D INVESTMENTS The intended outward investment without specific amount and/or remittance date may be covered by an FX forward contract, subject to the documentary requirements under Appendix 1.4 of the FX Manual C. FORWARD PURCHASE OF FX Such FX forward contracts shall be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. In addition, counterparties must be limited to those that are manifestIy eligible to engage in FX forwards as part of the normal course of their operations, and which satisfy the bank's suitability and eligibility rules for such transactions. D. FX SWAPS AND CROSS-CURRENCY SWAPS' I. FXS4LE (7713tleg/FO/;'VVA/?D FX PURCHASEj3^econdIe9/ The first leg of the swap shall be subject to the documentary requirements under Appendices I, 1.3, 1.4 and 1.5 of the FX Manual, as applicable. 2. ExpU/?CHASE flitstIe9/FORWARD FXSALEj:second/eg/ The first leg of the swap shall be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. The second leg of the swap shall be subject only to the swap contract between the counterparties without the need for customer's submission of a duly accomplished Application to Purchase FX. Including FX swaps to cover funding requirements

AE^ For swaps where FX proceeds in the second leg will be used to cover FX transactions between residents, trade and non-trade current account transactions, the documentary requirements under Appendices I and 1.5 of the FX Manual (as applicable) shall be submitted to the bank counterparty prior to delivery of FX by the bank to its client at any time under the forward leg of the swap. For swaps covering foreign/foreign currency loans/borrowings, guarantees and inward investments, the documentary requirements under Appendices I, 1.3 and 1.4 of the FX Manual (as applicable) shall be submitted to the bank counterparty prior to delivery of FX by the bank to its client at any time under the forward leg of the swap. Such swap contracts must include a statement that: 'There shall be no delivery of foreign eXchange at any time under the swap contract unless the foreign/foreign currency loans/borrowing SIinward investments are duly approved/registered/reported with the BSP, as applicable. " For swaps covering foreign/foreign currency loans/borrowings. the AAB counterparty for the swap contract shall notify the BSP of the details of the swap and the loans to be funded showing, among others, the borrowers' profile, terms of the loan and swap (e. g. , amount, tenor), and other pertinent information.

Page I of 2 Processing Fees' on Foreign EXchange (F><) Transactions T eofTransactior, Fee Details BSP approval of 0.02 percent of the loan Payments shall be made to the BSP publicly. guaranteed amount applied for or through the authorized agent private sector foreign/ approval, with a banks (AABs) participating in the foreign currency loans/ minimum of Us $300 BSP's online system, supported by an borrowings and maximum of Order of Payment from the BSP-100. us $50,000 BSP registration of PHP20.000 per loan For applicable processing feesin Us$. private sector foreig n account the peso equivalent shall be loans/borrowings computed using the BSP reference that are not rate one (1) banking day preceding publicly-g uaranteed the date of Order of Payment from wherein the the BSP-100. submission/filing of the following was made Applications for approval/registration beyond the prescriptive of foreign/foreig n currency loans/ period2: (a) notice to the borrowing SIguarantees with the BSP BSP; (bj notification to must be supported by proof of BSP for changes in loan payment of applicable processing fee. terms/partial cancellation; and/or IC) application for re istration BSP registration of PHP20.000 per loan private sector foreign account loans/borrowings that are not publicly-guaranteed obtained without the requisite BSP approval3 BSP registration of pH P20.000 per private sector foreign refinancing loan loans/borrowings used account to refinanceloans/ borrowings that were not registered with/ reported to the BSP (as a Iicablej BSP registration of PHP20,000 per guarantees or similar guarantee (or similar arrangements under arrangement ) Section 30.4 of the FX Manual wherein the filing of registration was made beyond the rescri tive eriod R eview and clearance PHP20.000 per loan Payments shall be made to the BSP by the Inter. Agency account or through AABs participating in the Committee for Review BSP's online system. supported by an of Foreign Loan Applications requested Order of Payment from the Documents (IAC-R FLD) to be treated on a rush BSP-100. of forei nloan basis shall be char ed ' The applicable processing fee is non-refundable regardless of BSP's action relative to the request. ' Iai Submission of: Ii) Notice to the BSP beyond one (1) month from date of signing of the covering agreement(SIIdocument(SI; or Iii) Notification to BSP for change/s in the loan's financial terms and conditions or partial cancellation of the loan/commitment!'agreement beyond one (1) month from availability of information/signing of the amended or supplemental agreement!'effectivity date as the case may be; or (b) Filing of application for registration of short-term loans beyond one (1) month from drawdown date; or IC) Filing of application for registration of medium- and long-term loans beyond six (6) months from utilization of proceeds. ' I. e. . foreign loans/borrowings outstanding and booked in the borrower's records as of 22 December 2017

T e of Transaction Fee Details documents/ twice the foregoing agreements of rate. Government-owned and Controlled Cor orations Replacement of Lost PHP4,000 for every Payments shall be made to the BSP Bangko Sentral replacement BSRD or through AABs participating in the Registration Documents issued BSP's online system. supported by an IBSRDs) for foreign Order of Payment from the loans4 BSP-100, Payments must be made prior to release of the BSRD. Purchase by registering PHPIOO/piece of the Payments shall be made to the BSP banks of BSRD form BSRD form printed or through AABs participating in the by the BSP to be used BSP's online system or through debit in the registration of the bank's regular demand deposit of inward foreign account with the BSP, supported by investments for an Order of Payment from the registration with AABs BS P-100. Payments must be made prior to release of the BSRD form. Replacement of lost PHP2.000 for every Payments shall be made to the BSP BSRD for BSP-registered BSR D replacement or through AABs participating in the foreign investments issued BSP's online system or through debit of the bank's regular demand deposit account with the BSP. supported by an Order of Payment from the BS P-100. Payments must be made prior to release of the BSRD. Registration of fo reign I" year of filing beyond Payments shall be made to the BSP investments with the prescriptive period: or through AABs participating in the the BSP beyond the PHP10,000 for every BSP's online system or through debit one a ) year prescriptive BSRD issued of the banks regular demand deposit period account with the BSP, supported by 2nd year of filing beyond an Order of Payment from the the prescriptive period BSP-100. and onwards: An additional fee of Payments must be made prior to PHPT0.000 for each release of the BS R D. year for every BSRD issued * BSP registration letter including attachments

AN^ APPLICATION To PURCHASE FOREIGN EXCHANGE (Fx)' Reference No. To: (Name of AAB/AAB forex corp) (Address) I hereby apply to purchase FX with the following details: APPLICANT DETAILS: . Individual . Corporate/Other Entity 1771ease check appropriate box) Name Address Tel. No. /Fax No. /Email Address Tax Identification No. Valid Government ID Presented : ID No Residency . Resident . Nori-resident 1101ease check approprtate box/ FX to be purchased Amount 11n Words) (In Figures) PURPOSE: IPIease check appropriate box/es) O Foreign loans/borrowings O Trade IPayment for importations) IDebt Account No: O Resident to resident transactions . Owed to Non-residents 10ther than OBUsj a Obligations to residents a Owed to Offshore Banking Units in the Philippines . Investments in instruments tincluding time a Prepayment deposits with at least 90-day maturity with , Regular Payment on shore banks but excluding other bank . Principal deposits such as savings and demandj that are . Interest issued by other residents , Fees Please specify. O Inward Investments by Non-Residents . Foreign currency loans owed to banks operating . Repatriation of capital in the Philippines IFCDU/EFCDU/RBU ) . Remittance of earnings , Prepayment a Remittance in equivalent FX of excess pesos (funded . Regular Payment by inward remittance of FX) from unrealized . Principal investments in the Philippines a Interest a Settlement of FX obligations/payables of , Fees residents to non-resident investors relative to . Others please specify/ FX. denominated equity and debt securities issued O Nori-trade current account transactions by residents that are not partaking the nature of a . Services foreign loan please specify2, . Remittance in equivalent FX of peso proceeds from . Non-merchandise Insurance on shore sale by non. resident issuers of their equity , Premium and debt securities . Claims/payables O Outward Investments by Residents . Travel Expenses Total FX purchases for the current calendar yeah a Commissions . Equity securities . Professional/Management Fees . not listed at an eXchange . listed at an eXchange a Royalties . Debt securities . Income3 . Offshore Mutual Funds IMFsyUnit Investment Trust . Refund of unused grants/donations Funds IUITFs) a Others IPIease specify/. , Intercompany loan between/among related parties O Others . Purchase of real property abroad. such as . Conversion to FX of peso deposit accounts of condominium units and those for/under nori-residents construction . Others please specify/. . Instruments Issued onshore by non. residents requiring settlement in foreign currency . Others IPIease specify/ ' To be accomplished for each purpose to which FX shall be purchased from AABs/AAB forex corps. Duly accomplished Application Form. as well as supporting documents for sale of FX by AABs/AAB forex corps. may be submitted in accordance with Part One, Chapter I of the FX Manual. AABs/AAB forex corps shall make available the original/copy of documents Ias applicablejupon request by the BSP for verification. ' Such as Communications. Manufacturing. Maintenance and Repairs, Postal and Courier, Computer and Information. Research and Development. Advertising. Market Research. Technical. and Other Business Services 3 Other than those related to loans and investments Page I of 2

AUN^ FX DISPOSITION:I leasechecka 10 fiatebox) O FOR DIRECT REMITTANCE O FOR CREDIT To FCDU ACCOUNT OTO BE HELD IN CASH . In Full . In Full toriiy for FX sold for travel and Amount: Amount: medical expenses abroad not yet . Partial a Partial incurred. and sales proceeds of Amount: Amount emigrant's domestic assets where Name of Account Owner: the emigrant is still in the Philippines) ACcou nt No. : a In Full Amount Name of Depository AAB: . Partial Amount: For eventual remittance on or before: INTENDED BENEFICIARY OF FX REMITTANCE: IPequired to be filled out except for cases to be held in cash) Name Address I hereby certify that^ a. No double purchase of FX has been made. whether on spot basis and/or via derivatives contracts covering the same underlying transaction/s; b. The FX purchased shall be used for the declared purpose; c. For FX purchased that are credited to the FCDU account: 01 The FX purchased shall eventually be remitted to the declared intended beneficiary. on or before due date; and (ii) In the case of investments in instruments under Sections 33.1 (foreign direct investment I and 33.3. a. i (equity securities not listed at an on shore eXchange), crediting of FX to the FCDU account of the nori-resident investor's resident agent/authorized representative is duly authorized by the nori. resident investor, and the FX shall eventually be remitted to the non-resident investor/ intended beneficiary. unless to be reinvested on shore by the non. resident; d. As FX purchaser, I will disclose in the remittance instruction to the remitting bank the intended purpose of remittance; e. FX purchases shall not be made to circumvent regulations on FX transactions; f. This Application Form and the supporting documents submitted via official channel (whether in hardcopy or via electronic/digital means) are genuine, credible and not tampered; g. All applicable laws, rules and regulations covering the declared FX transaction/s are complied/shall be complied with: h. Pertinent documents shall be made available upon request by the BSP for verification; and i. The information disclosed in this Application Form are. to the best of my/our knowledge and belief, complete. true and correct, and that the declaration is made in good faith. Said information may be used by the FX selling institution and disclosed to the BSP for their intended purpose, subject to pertinent laws. rules and regulations, Date of Application IDD-MMM-WW) Signature Over Printed Name

ANNEXC Category/Classification: A-21Primary Deadline: Monthly. withinlO banking days after end of reference month Submission: Email to International Operations Department at 10d-sadc@bsp. gov. ph BANGKO SENTRAL NG PIUPINAs INTERNATIONAL OPERATIONS DEPARTMENT MONTHLY REPORT ON OUTSTANDING BALANCES OF EXPORTADVANCES' As of: sDD. MMM. ^Y_> Reporting Bank Outstandin Balances of Ex ort Advances jin UsD)' As of end-<Reporting Month> <Yeah As of end-<Previous Month> <Year> Increase/(Decrease) Main Reason for Increase/(Decrease) Ia) Ibi IC)= tai- Ib) Prepared by Certified True and Correct: Signature over Printed Name Signature over Printed Name of Authorized Officer Position: Department: Position: Department: Company Tel. No. : Company Fax No. : Company Tel. No. : Company Fax No. : Company Email Address: Company Email Address: Company Address: Company Address: ' All fields should be properly filled out Indicate entire amountin UsD

BANGKO SENTRAL NG PILIPINAS International Operations Department PPLICATION FOR APPROVAL OF PUBLIC SECTOR FOREIGN/FOREIGN CURRENCY LOANS/BORROWINGS' . Approval, In. Principle .Final Approval Borrower Creditor Guarantor Loan Amount tin original currencyI SUPPORTING DocuME, ,rS REQUIRED Fop ALLAPPLICATIO"S tonaln. 10r cornR. d true copies, .. app"cabl. ) Icheck documentssubmittedl For Approval. In-Principle' NG Gocc/CFi Lcu I Loan/Borrowing ProfileiAnnex E3i . . . 2. For project loans jailnv"tm. nt Coordination Committee 11cc) approval Uricluding project brieferI . . N/A Ib} National Economic and Development Authohty Board confirn"tion of ICC approval of the project lit required) . . . 3 For program loans Derdopnrent Budget Coordination Committee approval lineluding policy matrixl . N/A N/A 4. Departing, t of Finance app, ovaLin-principle N/A . . For Final Approval I. Loari/Borrowing ProfileiAnnex E31indicating final termn of the loan . . . Z Signed unnota, ized 10arVcrediVguarantee and related agreen^nts . . . 3 DoF endorsement for unguaranteed loans pLirsuant to MB Resolution No. 141 dated 5 February 2004 N/A . N/A 4 Agreed minutes/results of negotiations. as applicable 10.9 for bilateral loans. loans from the Asian Development Banki . . . 5 Clearerroe from the Inter agency Committee for Perlon of Foregn Loan Docur, *nts lag applicable I . . . I hereby certify and undertake that Iai The transaction covered by this application complies/will comply with the following in Trre provisions of all applicable laws. rules and regulations lineluding charters of CoCCsl governing the borrowing and its purpose 11il All necessary/required approvals/clearances/endorsements/permits/authorization from ot, rer governrnent agerreies and oversight bodies; 11iil Tire cond tiens Imposed on the approval of the project Iif anyl by government agencies and/or oversight bodies; and Iivi TIP prov sions of R. public AdjRA) No. 8182 IAn Act excluding Official Development AssistancejODAjf, Qin the Foreign Debt Limitin Order to Facilitate the Absorption and Optimize the Utilization of ODA Resources. areriding for t, re purpose Paragraphl. Section 2 of RA. No. 4860. as amendedl as. PPIicablo Ibi col For changes that riny riot have monetary/financial implications leg. . change in credito" changein creditors name leg. due to merger. corporate restructuring}l or change n availability/closing dab. a notice to BSP-100 shall be sent within onelll month from availability of information. till For changes in borrower/guarantor. PI, rpo". financial terms and conditions of loans/borrowings. BSP approval shall be obtained prior to signing of tFre covering agreement/effectivity of change ICi Pertinent documents/infornntion shall be mud. available upon request by the BSP for verification. Idi Changes to any submitted foreign borrowings plan coveting other loans/borrowings shall be communicated to the BSP. 100 within two 121 weeks upon availability Grin, emution for monitoring purposes: lei The information di^1030d in this Application Form and its attachments are. to the best of my knowledge and belief complete. true and correct and this declaration is made in good faith. Said information may be used by the BSP for its intended purpose. surJect to pertinent laws. rules arxi regulations. In Any concealment!misrepresentation made under this Application Form and its attachments. and failure to comply with coinrrutmer, ts indicated heren may cause the cancellation/revocation of the. pprovay, egistration document/letter authority that riby be issued by the BSI>^ andor denial of future applications for BSP action: 191 This Application Form and the supporting documents submitted via official channel Iwrreth. rin hardcopy or via electronic/digital means) are genuine. c, edible and riot tampered; Ihi I have been duly authorized by the borrowers managerrendBoard of Directors/approprlate approving authority to file this application ar, d present tkre Information contalned heroin: and 111 I have read and understood all RhoinsEructions contained herein. Signature over printed name of autlrorized officer/official' Designation Date ' Applic. .ion Form. rid. ny, ub"quont subm1"10n of supporting docum. n, , should b. .CGort. p. mad by. cov"Ing lott"/. mail indicating. among orh. r, . docu, ,, nts submitt. d All ridds should to prop. ,Iy fill. d out: pu, 'N/A' for lidd, Ih. ,. re riot applic. bio. UB. Rho16110wlng form. t for d. r's Do. MMM. VWY I. g 01.3. n. 2021i ' For Governrnen, bank, /financial Instl. utlons. please DECOmpll, hotter had SI. *u, or Rel. indrig Lln" form they, I. E. ronic/digital, 19n. ,u, o P. for, to .n CMC. r w th. r. nk coulval. n. to at 100, t H"d of th. .g"Icy/Pr"Id. ntrehi. , Ex"UNv. One'rrehldOp. ,., ing One'/Chl. , F1n. nc. One'rA=hldTr"SL, ry oncer otherw. " hdsh. must be duly. uuhoriz. d by th. Board of D, r", ors or anyoithe forego rig/. ppropri. to. pp, oving .uthority or I'S. qu, v. lent lop Form 0200Z-01' Version S ' Updated ^ate*

AUN^ STATUS OF RELENDING LINES Amounts in Millions <Name of Borrower> As of < DD-M M M -YWY> Amount Debt Closing Date Undrawn Committed Amount Drawn Amount Subject to MB Res. IDD-MMM. Yin) Rate of Balances Commitment Creditor/Project/ Account Original 11n Original 11n Original Payment of No. No. / Utilization On Original Fee Purpose Date Currency Currency) CurrencyI Commitment IDANi ICi = Ib) I Iai Currency) IPercent p. a. ) Original Revised Iai Ib) Fees Idj = Ia) . Ibj (In Us $1 , * Name of Creditor ,. * . ~ .*. ' * .-.. Pro'ect A Pro 'ect B Pro 'ect C Pro'cot n Sub-Total Name of Creditor .... Pro'ect A Pro 'ect B Pro 'ect C Pro'ect n Sub-Total GRAND TOTAL . I' ,-, ' ,,~ Summary by Currency us$ JPY EUR KRW SDR OTHERS Total IPIs specify) jin us$) A1neunlCommi. Led Amount Drawn Altount Relent Undrawn Amount for Relending Amount Subject to Payment of Commitment Fees jus$l ' EXchange rates used (as of fir more synce, s needed, used seporote sheet of paper 16nowing the some format} 100 Form 02,00201 ' Version 6 ' Updated <date> Page 2 of Z

BANGKO SENTRAL NG PILIPINAS International Operations Department APPLICATION FOR APPROVAL OF PUBLICLY-GUARANTEED PRIVATE SECTOR FOREIGN/FOREIGN CURRENCY LOANS/BORROWINGS' Borrower Creditor/s Guarantor/s Loan Amount tin original currencyI SUPPORTING DOCUMENTS REQUIRED Loan/Borrowing Profile (Annex E. 31 Proof of payment of BSP processing fee I hereby certify and undertake that: (a) The transaction covered by this application complies/will comply with all applicable laws. rules and regulations. including required approvals/clearances/endorsements/permits/authorization from the concerned government agencies/oversight bodies; (bj 01 For changes that may not have monetary/financial implications leg. . change in creditor: change in creditor's name leg. . due to merger. corporate restructuring 11 or changein availability/closing date. a notice to BSP-100 shall be sent within one nj month from availability of information: (ii) For changes in borrower/guarantor. purpose. financial terms and conditions of loans/ borrowings BSP approval shall be obtained prior to signing of the covering agreement/effectivity of change: ICi Pertinent documentsfinformation shall be made available upon request by the BSP for verification: Idi Changes to any submitted foreign borrowings plan covering loans/borrowings shall be communicated to the BSP-100 within two (2) weeks upon availability of information for monitoring purposes: lei The information disclosed in this Application Form and Its attachments are. to the best of my knowledge and belief. complete. true and correct. and this declaration Is made In good faith. Said information may be used by the BSP for its intended purpose. subject to pertinent laws rules and regulations: In Any concealment/misrepresentation made under this Application Form and its attachments. and failure to comply with commitments indicated herein may cause the cancellation/revocation of the approval/registration document/letter authority that may be issued by the BSP and/or denial of future applications for BSP action; 191 This Application Form and supporting documents submitted via official channel Iwhether in hardcopy or via electronic/digital means) are genuine. credible and not tampered; Ih) I have been duly authorized by the borrower's management/Board of Directors/appropriate approving authority to file this application and present the information contained herein: and 01 I have read and understood all the instructions contained herein. Signature' over printed name of authorized officer' Designation Date : Application Form and any subsequent submission of supporting documents should be accompanied by a cover rig letter/email Indicating. among others, documents submitted. All nelds should be properly filled out: indicate N A for fields that .re riot applicable. Us the following format for dates DD-MMM-YWY leg. . 01-Jan-2021i b wedelectronic/digital signature Refers roan officer with a rank equivalent to at least Head or the agency/President/Chief Execut ve Offcer/Chief Operating Officer/Chief Finance Officer/Chief Treasury Officer; otherwise. he/she must be duly authorized by the Board of Directors or any of the foregoing/appropriate approving authority or its equivalent For 100 use on Amount of Applicable Fee (In Pesosj: Payment Date: 100 Form 02-001-01 ' Version 8 * Updated <date>

BANGKO SENTRAL NG PIUPINAS International Operations Department APPLICATION FOR REGISTRATION OF PRIVATE SECTOR FOREIGN/FOREIGN CURRENCY LOANS/BORROWINGS' . With Public SectorCuarantee . Without Public Sector Gua Borrower Creditor/s Guarantor/s Loan Amount tin orlglnal currency) Debt Account No. SUPPORnNC DOCUMENTS REQUIRED Loan/Borrowing Profile IAnnex E. 31indicating Signed covering agreements and related documents final loan terms and changes. if any from the Ie g. . guarantee agreement. offering underwriting previous submission/s to the BSP agreement. derivatives contract) and/or signed agreements covering amendments in terms I hereby certify and undertake that: (al The transaction covered by this application complies/will comply with all applicable laws. rules and regulations. including required approvals/clearances/endorsements/permits/authorization from the appropriate government agencies and oversight bodies; Ibj For pub"^Iy-guaranteed private sectortoans; co) For changes that may riot have monetary/financial implications leg. . change in creditor; change in creditors name (e. g. . due to merger corporate restructuring)l or change in availability/closing date. a notice to BSP-100 shall be sent within one n) month from availability of Information: (iij For changes in borrower/guarantor purpose financial terms and conditions of loans/borrowings. BSP approval shall be obtained prior to signing of the covering agreement/effectivity of change For purely privates"to, /cons: 1/1The BSP shall be notified in writing. within one (1) month upon availability of information/signing of the amended or supplementary agreement lag the case may be). of any changes/additions to the loan's financial terms and conditions as well as any change in borrowerfissuer/creditor/guarantor and other information or representations that may affect the loan: and 11iiThe supporting documents submitted electronically 11f anyjare genuine, credible and riot tampered and that. hardcopies of the orig nanphotocopyIas the case may bel of supporting documents shall be made available upon request by BSP for verification: (c) Pertinent documentsfinformarion shall be made available upon request by the BSP for verification; Id) Changes to any submitted foreign borrowings plan covering other loans/borrowings shall be communicated to the BSP-100 within two (2) weeks upon availability of Information for monitoring purposes; rel The information disclosed in this Application Form and its attachments are. to the best of my knowledge and belief. complete. true and correct. and this declaration is made in good faith. Said information may be used by the BSP for its intended purpose. subject to pertinent laws. rules and regulations. In Any concealmentfin srepresentation made under this Application Form and its attachments and failure to comply with commitments indicated herein may cause the cancellation/revocation of the approval/registration documentnetter authority that may be issued by the BSP and/or denial of future applications for BSP action: Igj This Application Form and supporting documents submitted via official channel Iwhetherin hardcopy orvia electronic/digital means) are genuine. credible and riot tampered; Ih) I have been duly authorized by the borrowers management/Board of Directors/appropriate approving authority to file this application and present the information contained heroin: and Ii) I have read and understood all the instructions contained herein. Signature' over printed name of authorized officer' Designation Date , ' APPllc. ticn form and any subsequent submission of supporting documents .hould be accompanied by a cover rig letter email lndlcatlng among others, documents submitted. All ,ields. hould be properly filled ou, rid, cate N/A for fields that are riot applicable. Use the follow rig format for dat". DD. MMM. YWY je. g. . 01.3an. 20211 b weVelectr@nic/digital signature ' Rele, s to an 61nc. r with a rank equivalent to at least Head of the agency/PresidenVChlef Executive Officer/Ch, of Oper. ting Officer/Chief Financ. Oncer/Chief Treasury CMCen otherwlse. he/she must be duly author EQd by the Board o1 Directors or any of the foregoing/. pprop, tote approving authority or Its equivalent .-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-..-,.-..-..-..-..-..-..- Far ,00 use o" Amount of Applicable Fee (In Pesosj: Payment Date 100 Form 03-001-04 ' Version I ' Updated <date> Page I of 2

AN N Ex0. .2, B * * .. SUMMARY OF LOAN UTILIZAnON . ' * , JJ . ... .,--. ,..,. * .. . *J . . ... -.-. t J J . ... , ,IDate'. . I Amount --' I . J \-,:;,* '.., .' ..:'.:': ;-\:-I ,.-.,.. ..,,, -.... ..-, Month'and . -Category/Description'.. . I Year' paid/-. . ' ' '. Currency:. .:;"" " .:-moriginalCur!ency. ,,. .. .,....-... *. -;;I^;!, sri;. q;q!lit^!. Qin;:;; , .. .. . . .. ., , *,. .* -:, .:g, .. , .. cy. *. . ., ~ .... ...,.-. .. . , . . * '.~ . * ... Disbursedb ' . *,.. ,.. .., * ...,. * ., Local Costs . J. .J I'.'.-..... .,. J J , *' J. . * ,,. *. .....-... SUB. TOTALe ,- ,. J. .. .J ,, ., ,J Foreign Costs . *. , .. .J . I . . ..... . .. SUB-TOTALe TOTALe ' E. g. . Capital expenditures. civil works. purchase of raw materials. refinancing of existing obligations findicate if PHP or FX). for relending. payment for services Disbursement applies in the case of relending. ' Converted at BSP reference rate as of end-month indicated ' Those payable to Philippine residents ' Indicate sub. total and total per currency 'Those payable to non-residents 100 Form 03-001-04 ' Version I * Updated <date> Page 2 of 2

ANNEX E. , BANGKO SENTRAL NG PILIPINAS International Operations Department LOAN/BORROWING PROFILE" .Application for Approval . Application for Registration .Notice to the BSpb . Notification' PART I. GENERAL INFORMATION BORROWER/ISSUER Name Philippine Standard Industrial Classification IPSIC) Code Nature of Business Company Postal Address Zip Code: Government Registration Ifor private sector) Issuing agency/ies leg. . SEC, DTl. BOl. PEZAj Registration Number/s and Date/s Company Tax Identification Number (TIN) Website Name of Authorized Representative/s Designation/s Company Telephone Number/s Company Fax Number/s Company EmailAddress/es Current Principal Officers/Board of Directors and Ownership Structure Iattach as separate sheetj Outstanding Foreign/Foreign Currency Loans/Borrowings 11n UsD) as of date of this application/notice noti ICation I any other than the loan/borrowing covered by this application/notice/notification; TOTAL Iai Short-term Ibj Medium- and Long-term Offshore sources Offshore sources On shore sources On shore sources EXchange rate assumption . B. CREDITOR/S Name ILead creditor in case of syndicated loans) Creditor Type Nature of Business Postal Address Website Head Office Address. if creditor is branch/subsidiary Name of Authorized Representative/s Designation/s Company Telephone Number/s Company Fax Number/s Company Email Address/es Relationship to Borrower/Issuer 11f anyi a GUARANTOR/S . Resident' . Nori-resident' Name Nature of Business Postal Address Website Percentage of Loan/Borrowing Guaranteed D, OTHER INFORMATION Date of submission of Foreign Borrowings Plan Legal basis for borrowings of the public sector ICite specific law/s and section ISVprovision(SI of lawl a. Foreign Borrowing b. Borrower's foreign borrowing ceiling . if any, and status as of date of application 17fmore space ts needed, use a separate sheet of paperfo\owing theseme format/ ' All fields should be properly filled out indicate N/A for fields that are riot applicable. Use the following format for dates DD-MMM- leg. . 01-Jan-2021!. ' The Notice/Notification to the BSP shall be accompanied by a covering letter/email ' Notification for: Ii) change/sin the loan's financial terms and conditions; or nilcancellation Iwhether partial or in film of the loan/commitment/agreement ' Use latest version available at the Philippine Statistics Authoritys website. ' As defined in the Manual of Regulations on Foreign EXchange Transactbns IRC Manual 100 amended ' Refor to ceilin s as ina be rovided under relevant laws rules and ulations 100 Form 03.001.03' Version 2 ' Updated <date> Page I of 5

ANN^, 3 PART 11. PURPos Ro, ECr PROFILE I. Purpose or Project/ Program Name 2. Project Site 3, Brief Description 4.1mplementing Agency/ies and/or End-User/s (as applicable) Postal Address Name of Authorized Representative/s Designation/s CompanyTelephone Number/s Company Fax Number/s Company Email Address/es 5. Project Implementation Period From : To: (Specify/describe phases. if any) 6, Economic and financial benefits of the project/purpose andjustification for financing scheme chosen: 7. Project Cost 11n Original Currency) Description Local_Costs. . EQreign_Costs_ Total TOTAL EXchange Rate Assumptions 8. Sources of Funds in Original Currency (per investor/creditor) Investor/Creditor Amount PercenttaTatal Equity Local Foreign subtotal Borrowings Peso Borrowings Foreign Borrowings On shore borrowings in foreign currency Subtotal Internally Generated Funds Sub-total TOTAL EXchange Rate Assumptions 11fmore space ts needed use a separate sheet of paper followihg the same format/ a Payable to residents b Pa able to nori-residents 100 Form 03-001-03' Version 2 * Updated <date> Page 2 of S

ANNEXES , , PA 71 . ON, ORRO O RM SHEET . : ... . . ,... Note; Please indicate relevant Sections/pages of the Loan Document/s where the financial terms are found I Relevant S, did rib)/ Debt Account Number IDAN)' , I ~'~ Page!;I Ih ',,, - ' ' foam/^One'fing' I - ; , 'bd6i, morit{,!. ;. . ABASICINFORMAnON .. *.* 'asaj, PIicBbl, : Currency of Commitment 10riginal Currency) Original Amount Committed 11n Original CurrencyI Signing Date/s of the Loan/Borrowing Document/s Currency of Drawdown/Availment Currency of Repayment Closing Date ILast Date for Drawdown) or Actual/larget Issue Date Ifor bonds/notes} ISIN Code Ias applicable I Participants in Syndicated Loans/Borrowings. if any Share Name^LCi:editor countrypinesIdence InPerrerit Amount!in_Orig_CurrencyI Additionalinformation(asapplicabtelfoL AJ>ublicSectorLEinalAppravaL{inarigioaLCurrencyJ Cancelled Commitment Amount. if any BErivateSector:ApplicationsJOLreglstration_(ILOriginaLCurrencyJ Cancelled Commitment Amount. it any Outstanding Balance Ias of *Do-MMM-ww*) ,Ifmore space 13 needed use a separate sheet of paper follow, hg the same format^ B. PRINCIPAL REPAYMENT (Detalls In page 41 Maturityherior lNo. of years and month , Grace Period INo. of years and monthsj , First Principal Payment Date Final Principal Payment Date Frequency of Payment Prepayment . Allowed . Not Allowed C, INTERESTAND FEES Interest/Coupon Rate IPer annumi . Fixed 11n %I . Floating Base Rate Applicable Base Rate Spread 11n %) 11n % as of date of application I Day count convention Year Month: Frequency of Payment Interest Resetting/Repricing Terms' PenaltyDefault Rate 11n % per annum} , Fees/Costs Rate 11n %y Last Type of FeelCostd Amount 11n original Frequency of Payment First Payment Date Payment currency I Date D. RELATED TRANSACrloNS . Derivatives"/Hedging Transactions Type Notional Amount Tenor Frequency Settlement date/s, Name/s of Counterparty/Ies Address . Others E. OTHER INFORMATION Security/Collateral Terms Others9 ' For loansfo. rrowings already approved/regi, ,ered byIrep, ,."d to the BSP prior to application in Indicate type of rate ' Indicatn resetting/repricing terms. Irany IC. g. . Irequency or dates of scheduled change/sin Inteles, rale. SIep-up rarel ' Indicate type of lees/Lusts IaicoM commitment lee; to IACN, agency fee, 1.1 CRT guarantee fee Idj F1, E, front-"rid ,"e: leiMCT, management fee; in UND underwriting ice; or 1910TH: others IPI"ase specifyI ' Indicate availm"hulant"ridm"nr, /cancellation ' Us" th* following codes: FW - dellverable FX fomards. SW . FX swaps. NDF - rich-dd!vanble FX forwards. NDS . nori-doll"", able FX, wap, . CCS - cross-currency swaps. IRS . interest rate swaps. OTH - others IPIease specify I , E. g. . with roll-over featu, e. with option to convert to equity. under a revolving ,aclllty. gov", ning law firmore, pace * needed. use " ,ep, ", e, beet ulpape, fo/,@", fig ,he Jame fom, ary 100 Form 03,001,03' Version 2 ' Updated edate, Page 3 of S

ANNEXES J. . * ' PARTIV. LOAN DRAWDOWNS/BOND OR NOTE, 55UANCEAND AMORT, ZAT, Dr. SCHEDULES , Drawdowns/Issuance Payments Amountin Original Currency Outstanding Currency of Amount Type of Balance Source of Currency of Source of Date Drawdowns/ 11n Original Date Fees/Costs 11n Original Funds Payment Funds' Issuance Currency I Principal InterestI'Coupon Fees/Costs Currency) Actual Dr wdowns/155uan ce and Payments M ade Iif anyl as of Date of Loan/Borrowi g Application Projected Drawdowns"ss uance and Paymen s (forthe rein ining ter of the loan rrowingi ' All fields should be properly filled out: indicate N/A for fields that are riot applicable. Use the following format for dates DD-MMM-YWY Ie. g. . 01-Jan-2021i Use separate lines per transaction. Each transaction Lie. . drawdown. payment of; Iij principal: till interest: 111ij fees/costsl shall have its corresponding transaction date. source of payment and transaction due date. as applicable 'inctuding loan prepayments or bonds/notes redemptions ' Indicate aceual/projected transaction date for drawdowns and payments as of submission or this Annex ' Use the following codes: Iai IP-FX: inward remittance of FX: (bilR-SP: inward remittance of FX sold for PHP spot; ICjlR-SW: inward remittance of FX swapped for PHP: IdjOFS: used offshore Ie. g. . direct payment to foreign suppliers/ beneficiaries}; IellNKIND: in kind leg. . suppliers creditj; relCl: capitalized interest. fees and costs: or IgjOTH: others Idease specifyl ' Indicate source of payments to creditor; Iai AAB: authorized agent banks triot covered by derivatives} Ib} AAB-FC: AAB forex corps: (cl NBK: non-banks: Idj FCDU ADV: advance purchase of FX from AABs/AAB forex corps: telAAB DR: authorized agent banks lurider derivatives contractj; If) FCDU: Foreign Currency Deposit Unit - own funds hot purchased from AABs/AAB forex corps leg. . FX earningsil: 1910FS NC: offshore account IhjPHP ONS: On shore pesos for PHP-denominated loans: Iil Cl: capitalized interest. fees and costs: UI EQU: converted to equity: Ik) WRO: written-@1n or 1/10TH: Others IPIease specify I {Ifmore space ts needed use a separatesheet of paper following the same format/ 100 Form 03,001,03' Version 2 ' Updated <date> Page 4 of S

AN. ^^^ DECLARATION I hereby certify and undertake that: (a) The transaction covered by this Annex and its attachments (if any) complies/will comply with all applicable laws. rules and regulations. including required approvals/clearances/endorsements/ permits/authorization from the concerned government agencies/oversight bodies; (b) (i) For changes that may not have monetary/financial implications te. g. , change in creditor; change in creditor's name (e. g. , due to merger, corporate restructuring, among others)I or change in availabilityclosing date, a notice to BSP"100 shall be sent within one a) month from availability of information; and (Ii) For changes in borrower/guarantor, purpose, financial terms and conditions of loans/ borrowings, BSP approval shall be obtained prior to signing of the covering agreement/effectivity of change (for public sector and publicly-guaranteed private sector foreign loans/borrowing SI or Notice to BSP-100 (for private sector foreign loans/borrowings that are not publicly-guaranteed ) shall be sent within one O ) month from availability of information Ias applicable); (c) Pertinent documents/information shall be made available upon request by the BSP for verification; (d) Changes to any submitted foreign borrowings plan covering loans/borrowings shall be communicated to the BSP-100 within two (2) weeks upon availability of information for monitoring purposes; (e) The information disclosed in this Annex and its attachments (if any) are, to the best of my knowledge and belief, complete, true and correct. and this declaration is made in good faith. Said information may be used by the BSP for its intended purpose, subject to pertinent laws, rules and regulations; in Any concealment/misrepresentation made under this Annex and its attachments (if any), and failure to comply with commitments indicated herein may cause the cancellation/revocation of the approval/registration document/letter authority that may be issued by the BSP and/or denial of future applications for BSP action; (g ) This Annex and its attachments Iif any) submitted via official channel (whether in hardcopy or via electronic/digital means) are genuine, credible and not tampered: (h) I have been duly authorized by the borrower's management/Board of Directors/appropriate approving authority to file this application and present the information contained herein; and (i) I have read and understood all the instructions contained herein. Signature' over printed name of authorized officer' Designation Date : " Wet/electronic/digital signature ' Refers to an officer with a rank equivalent to at least Head of the agency/President/Chief Executive Officer/Chief Operating Officer/Chief Finance Officer/Chief Treasury Officer; otherwise, he/she must be duly authorized by the Board of Directors or any of the foregoing/appropriate approving authority orits equivalent. 100 Form 03-001-03 ' Version 2 ' Updated <date> Page 5 of 5

ANNEXG_ BANGKO SENTRAL NG PIUPINAs INTERNATIONAL OPERATIONS DEPARTMENT REPORT ON GUARANTEES' During the Quarter ending <MMM. YWY> Reporting Bank'= Parr A. Guarantees I'Su"d by Pestd. nt Banks and Nori-Bank Financial Institutions with Quasi-Banking Functions Drawings Accountee Beneficiary Covering Guarantee/SLC Against the Remittance Made Guarantee/SLC SLC No/ Name Count Name county Date Issued Ameun* Ex i Date Amou nt Date Amount purposes , .,.., AL PER CU R RENCY}'.' . , ,\ ' . -, '~. - \ *\.\.. \ ,."*..,,. , .,- \ \ I .. ,* .I. : -.. *\ .:*I , . '... * , . , . \.. ,. . \, ... .:.. .. * , ..,,.,, . I-,, J . .., *,.-.,.,.* . .,,,. .. '.,.,.**, .,. \t * ... * -. . \* \ .. .... . .. \,. .. *. ., t :, ..;, t **.; ..,.. t. . .,; ."*...*.,., ,.* ; *': it, ..,. ;,. J. .,.. t:.;*t**' .. J\* '.'*. ,**.,\*'*,;,,: **',{,*,;.***:**\" Part a Foreign Guarantees Securing Loans from Resident Banks and Nori-Bank Financial Institutions winh Quasi-Banking Functions Co"ering Guarantee/SLC Loan Covered by Guarantee Drawings Domestic Borrower Foreign Issuing Against the Remittance Made Institution SLC NG/ Expiry Committed Ou tatanding Guarantee/SLC Amount Date Issued Date Type Amount Amount Date Amount Date Amount , ' ' ' TOTAL' PER CURRE NCY. ' '_. . ..:. . ~ \.. '*.- .. I. ,,- . * - , '\. , ,...' ' , , * ... - , , .I-' ' ..' I .,.. {, ',. \.. , ' I, : ' :. -.. I ,.-;,,;-.... )., . r . . . * , , .*.';!t ~;,* , ,. ..,- I. . . * . . ,. ,. I. ., r. .. ..,:.*". .,.*.,. , . .I. . . .. t*..... .. r ,. . . r. -,. .*,-,..-.- ,..,- \. ..,. -*,- \- .. .;t, ,*, ,\,,,,,:* ,,, .*\*,,*, . .*; t . . ,, t:"* t. *, Prepared by Certified True and CorrecR: Signature over Printed Name Signature av", Printed Name of Authorized Officer Position Department: Position Department Company Tel. NG Company Fax No. , CompanyTel. NG~ Company Fax No. . Company Email Address: Company Email Address Company Address Company Address Resident banks tincludinq public sector banksland non-bank financial Institutions with quasi-bankinq functions ' Indicate country of residency as defined under the FX Manual 10.9. . Philippines for, esidentsj Indicate nature of fees Ie. q. . quarantee foe. commissionj *Indicate type of loan qmn. .d to. q. loreiqn currencv loan. reqular oeso 10ait ' All fields should be properly filled out: indicate N/A for fields that are not applicable. Use the following gormat 10r dates DD. MMM-Van Ie. g_ 01-Jun-2021) and indicate amounts In original currency Formi!ial, eporting. it is understood that this is submitted by reporting bank to BSP before any payment under the guarantee is made using FX resources of the banking system

BANGKO SENT AL NG PILIPINAS International Operations Department APPLICATION FOR REGISTRATION OF FOREIGNINVESTMENTS' Registration of new/additional investments: In Cash In Kind Other transactions involving issuance of aspD: SE^ Ie. g. . replacement for old"OSt BSRD. consolidation of previously issued BSRDs. change in corporate structure) Type Number jin original currency) Iin PHP) Shares applied/involved Amount of investment applied/involved IType of shares: common. preferred participating/non-participating I Note: Indicate the number of nominee shares included in the shares applied for registration. if any I. APPUCANTIDENTIFICATION Contact Person Designation IM, ./Ms. /Mrs. ) company Email Company Address Company Fax No. Contact No/s. Company/Office Company Address twith zip codej fir the app"^antis not the Investo177nvestee. this sha\ be be supported by an authority rhom them vest0,7investee/ to transact in their be belry A. INVESTOR PROFILE Name of FirnVlndividual Address of Firm/Individual lineluding countryI Nature of Business Website B. INVESTEE PROFILE fiftheInvestco ts the app/^^ant proceed to item 1/7 Business/Corporate/ Trade Name Company Address twith zip codej Contact Person/ Company Contact Noh, Designation Company Email Address a Application Form and any subsequent submission of supporting documents should be accompanied by a covering letter/email Indicating. among others. documents submitted. All fields should be properly filled-out: indicate N/A for fields that are not applicable Use the following format for dates: Do-MMM-WYY10.9. . 01-Jan-2021j 100 Form No. 03-002-01 ' Version 7 ' Updated <date> Page I of 5

ANNEXW 11.1NVEsrMENT . corporation Securities and EXchange Commission ISECjRegistration Number Date: Primary Purpose/Industry Philippine Standard Industrial Classification IPSICjCode' Ca it al Structure No. of Shares Total Par Value Additional Amount Percentage I@ PHP pv/share) I# shares X Paid-in Capital Paid Ownership [Indicate class of shares] pv/share) 11f a ny) Authorize Ca ita I Stock Subscribed Filipino Foreign Held by the nori-resident of which. sub'ect re uest Paid. up Filipino Foreign Held by the non-resident of which. sub'ect re uest Total Shares held by nominees in favor of the non-residentinvestor Nominees No. of Shares . Partnership SEC Registration No. : Date: Amount of Contributed Capital jin PHPj Percent General Partner Filipino Foreign Limited Partner Ias applicable I Filipino Foreign Total . Philippine Branch/Representative Office/Regional Operating Headquarters/Regional Headquarters SEC LicenseTO Do Business No. = Amount of Total Assigned Capital/ Operating Working Capital: PSIC Code . Condominium unit Name of Condominium: Location= Name of Developer/Realtor: Condominium Certificate of Title No Unitys Number: infoase ,hc/ude parking s/ats^rany/ . other, (^perilyj', Details of Previous BSP Registration. if any BSRD No. Date of Registration No. of Shares/Amount Registered b Use latest version available at the Philippine Statistics Authoritys website. Please use the five 151digit level PSIC code. c Refers to investments in instruments under Section 33.1. IC). 333. b. (i). 333. d. 335. Qin and 35 riot covered by the abovementioned investments. For investments in debt securities Issued by residents under Section 33.3. b. !il, investment funds created orighcre under Section 33.3. d and PDRs under Section 33.3. e. (ij. fill out capital structure above If the nori-resldent investor has existing holdings in the Investee firm Ias applicable I. 100 Form No. 03-002-01 ' Version 7 ' Updated <date> Page 2 of 5

AN^ 1/1. FUNDING DErNLs . In Cash . a, Inward Remittance of FX . b. Constructive remittance of FX funding to resident deposit account I. Details of remittance Certificate of Inward Remittance lCIRj, Remittance Telegraphic Amount Remitted Receiving Bank Transfer Ref. No. Equivalent Us$ if applicable Date tin Original Currency) Number Date ' FX rate used: 2. Details of peso conversion aR. if applicable Amount Conversion Converted Conversion PHP Proceeds Converting Bank Date Number Date tin Original Rate (net of chargesI Currency) If wrthout conversion to PHP Amount riot converted jin ori Inal curtenc I PHP a uivalent F bookin rate The balance trotal peso/Us$/other foreign currency proceeds less amount applied to the investment transaction. if anylin the amount of is recorded in the books of the investee as leg. . Advances. Deposit for Stock Subscriptionl . c. FX payments made offshore between nori-residents for transfer of on shoreinvestments Amountof FX paid tin original currency), Date paid; Minvestment acquiredtslegtstered If^^vestment acquired, 3 hot registered BSRD number and date: Indicate funding details of initial investment <e. g. . cash, in kind> . d. Peso balance of nori-resident investors on shore peso deposit account and interim peso deposit account Name of Depository Authorized Agent Bank: Amount utilized for the investment: Date of debit from the account Source of funding for peso deposit Ii. e. . indicated in Section 3.1 of the FX Manual} . e. Reinvest merit of peso divest merit/sales proceeds or, elated earnings of Investment Amount for reinvest merit; Date of reinvestmerit Ifor@mallhvestment tslegtste, ed If orb/na/investmentts not leg, Stored BSRD number and date: Indicate funding details of original investment e. , cash, in krhd . f. conversion of liability to investment Amount converted to investment Iin original currency) PHP equivalent: Date of conversion: Iffiab, litytslegtstered If/fobMtyts notre9^teled BSRD number and date Indicate funding details of Iiabillity e. , cash. In kind> . g. Exercise of conversion rights 10.9. , Philippine Depository Receipts IPDRsil Underlying instrument findicate units/amount) Date of exercise of right: Ifregtstered 11notlegtstered. BSRD number and date: Indicate funding details of initial investment <e. g. , cash. Ih kind> 100 Form No. 03-002.01 ' Version 7 * Updated <date> Page 3 of 5

ANNE^ . In Kind a. Heary Equipment and Machinery/Inventories/Raw Materials/Supplies/Spare Parts/Furniture/Personal Properties/Motor Vehicle/Sea Vessel/Aircraft including other tangible assets from abroad Invoice Billof Lading/AirwaybilV Bureau of Customs IBOC) import Sea waybill entry declaration No. Date Amount No. Date No. Date Amount 11.18y use separate sheet, j, a9esi}'hotsui;!;61ent/ Date of full payment for investment: . b. Intangible assets Description of asset: Value of asset PHP equivalent Date of acquisition: . c. Stock and/or property dividends accruing from on shore investments Number of base/mother/original shares Declaration/effectivity date Iwhichever is applicable): Ifbase, "motheron!;, Ina/shares are legtstered Ifbase/,?6thec. ,'orbfria/shares are not legtstered BSRD number and date Indicate funding details of initial investment ce. g. , cash, in kihd> . d. Shares (e. g. , share swaps) Date of acquisition of new shares Details of shares issued/transferred/swapped Original issuer of the underlying shares transferred/swapped Number of shares Value of shares: If shares acquired are originally held by nori-residents: Ifreg/^teled. Ifnot registered BSRD number and date: Indicate details of original investment <e. g. , cash, Ih kind> . Others <please provide details> For additional, hformation, please use separate sheet Iv, DOCUMENTS SUBMITrED For registration of new/additional investments . Proof offunding . Proof of investment Please spec, fy;. Please specify' For other transactions involving issuance of BSRD (eg. , replacement of lost BSRD) Please specifyt. ' E. g. . Affidavit of Loss. photocopy of BSRD if available 100 Form No. 03-002.01 * Version 7 ' Updated <date> Page 4 of 5

A^^ DECLARATION I hereby certify and undertake that: (a) The transaction covered by this application complies/will comply with all applicable laws. rules and regulations. including required approvals/clearances/endorsements/ permits/authorization from the concerned government agencies/oversight bodies; Ib) The investment funds came from legitimate sources; IC) Pertinent documents/information shall be made available upon request by the BSP for verification; (d) The information disclosed in this Application Form and its attachments are, to the best of my knowledge and belief, complete, true and correct. and this declaration is made in good faith. Said information may be used by the BSP for its intended purpose. subject to pertinent laws, rules and regulations; (e) Any concealment/misrepresentation made under this Application Form and its attachments. and failure to comply with commitments indicated herein may cause the cancellation/revocation of the registration document that may be issued by the BSP and/or denial of future applications for BSP action; (f) This Application Form and supporting documents submitted via official channel (whether in hardcopy or via electronic/digital means) are genuine, credible and not tampered; (9) I have been duly authorized by the investor/investor's management/Board of Directors/appropriate approving authority to file this application and present the information contained herein; and (hi I have read and understood all the instructions contained herein Signature Name Designation Date For 100 use onI Reckoning Date : Basis: Amount of Applicable Fee 11n Pesos): Payment Date: d Wet/electronic/digital signature e Please refer to AppendixlO. A 100 Form No. 03-002-01 ' Version 7 ' Updated <date> Page 5 of 5

Page I of 2 Minimum Documentary Requirements' for the Sale of Foreign EXchange (FX) Relating to Import Transactions Mode of Pa merit Documents Re uired2 I. Letter of Credit ILC}, Documents against Payment IDP) or Documents against ACce tance (DA) a. In case the FX selling a. Shipping document/5' or equivalent document/s: AAB/AAB forex corp is and also the issuing/booking/ b. Proof of reporting to BSP of DA importation. re ortin AAB b. In case the FX a. Shipping document/$' or equivalent document/s: selling AAB/AAB forex b. Proof of reporting to BSP of DA importation; and corp is not the issuing/ c. Certification from the issuing/booking/reporting booking/availment reporting AAB signed by the AAB's authorized signatory AAB laddressed to individual FX selling AABs or AAB forex corps) indicating the: in amount of the outstanding FX trade obligations; Iii) amount of FX intended to be purchased; and Iiiij Bank Reference Number IBRN) for DA jin ortation. 2. Direct Remittance shi in document/5' or e uiValent document/S 3. Advance Payment a. Purchase order (PO) or equivalent document/s; b. Sales contract (SC) or proforma invoice (PIj, or equivalent document/s. signed by the resident importer and foreign supplier requiring payment of the importation in advance and indicating the intended delivery period of the imported goods: and c. Notarized Letter of Undertaking (LOU) to the effect that if the importation is cancelled, the jin orter shall inwardj remit the FX refunded b a) All purchases of FX must be accompanied by a duly accomplished Application To Purchase FX IAnnex A1. bj It is understood that when a bank certification regarding its clients deposit account is required. the owner of the account should have executed a notarized waiver of secrecy of its deposit ' a) For FX purchases intended for remittance to payment/treasury centers/hubs. collection agents. and e-commerce market participants leg. . payment system operators, payment service providers/ aggregators). residents shall present/submit to the FX selling AAB/AAB forex corps an agreement or similar document. certified as true copy by the client's authorized officer. showing that payments for the intended beneficiaries should be made to the specific payment/treasury centers/hubs collection agents. and e-commerce market participants leg. . payment system operators. payment service providers/aggregators). The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement. b) For settlement of trade transactions under netting arrangements (involving related or unrelated parties). a certified true copy of the netting agreement and netting statement shall also be presented/submitted. The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement. For intercompany netting arrangements: (1) in lieu of the shipping documents. a notarized statement of undertaking by the net importer^ n) to make available the supporting documents upon request by the BSP. through the reporting AAB: (2) that there will be no double purchase of FX for the transactions covered by the statement; and (3) that transactions covered by the intercompany netting arrangement do riot include payments related to foreign loans and investments. may be submitted; and (ii) the prescribed format for netting statement for tradein goods with related services is in Annex Z. I. cj For importations with price adjustments. the supporting document/s submitted must indicate final amount of FX requirement. For previously settled importations with price adjustments, any proof of price adjustment/s leg. . debit note. amended invoice) and list of covered importations shall be submitted to the FX selling institution. dl For trade transactions covered by Engineering. Procurement and Construction IEPC) contracts or similar contracts/arrangements. residents shall present/submit to the FX selling AAB/ AAB forex corps the: (1) covering contract/agreement tincluding amendments/revisions, if any): and (11) progress billing statement tor equivalent document/SI showing actual amount due and payment due date. The agreement/document shall be retained by the FX selling institution for future transactions under the same arrangement. 3 E. g. . bill of lading 18L). air waybill (AWB), sea waybill. invoice. arrival notice for importations under telex release

Paqe 2 of 2 Mode of Pa merit Documents Re uired2 the foreign supplier and sell same for pesos to the FX sellin Iremittin AAB on same date. 4, 0 en Account toA) a In case the FX selling/ a. Shipping document/53 or equivalent document/s; remitting AAB is also the and re ortin AAB b. Proof of re ortjn to BSP of OA jin ortation. b In case the FX selling/ a. Shipping document/s3 or equivalent document/s; remitting AAB is not the b. Proof of reporting to BSP of OA importation; and reporting AAB c. Certification from the reporting AAB signed by the AAB's authorized signatory (addressed to individual FX selling AABs or AAB forex corps) indicating the: in amount of the outstanding FX trade obligations; (Ii) amount of FX intended to be purchased; and Iiii) BRN for OA jin ortation. 5. Digital payments through a, Certified true copy of the contract/agreement' or e-commerce market equivalent document/s between resident participants counterparty and e-commerce market participant/s leg. . service agreement between merchants and payment platforms, netting agreement/s); and b. Transaction summary report or equivalent document/s showing; (1) pertinent details of the underlying transactions. including refunds/cashbacks (e. g. . date of transaction, currency, amount, settlement date. and reference number); and (11) total/net amount due. ' The agreement/s shall be retained by the FX selling institution for future transactions under the same arrangement.

ANNEXBJ Category/Classification, A-21Primary Deadline: Monthly. within five (5) banking days from the end of reference month Submission: Email to International Operations Department at iod_tradeinv@bsp. gov. ph BANGKO SENTRAL NG PILiPiNAS INTERNATIONALOPERATIONS DEPARTMENT MONTHLY REPORTON SALE/TIEMirrANCE OF FOREIGN EXCHANGEjFxj FOR ADVANCE PAYMENT OF IMPORTATIONS For the Month of Reporting Bank: Commodity Imported FX Sold/Remitted Shipment Name and address of Name and Address of Value in FX selling entity if the Name of Importer Foreign Supplier Payment Amount reporting/remitting bank is Description Q, ,nti'' Date' UsD Equivalent Currency tin Original Currency I riot the FX selling entity 'Use the 16/1. wing format, DOMMM-WW Ie. g. . 01.0an-2021j Prepared by Certified True and Correct Signature over Printed Name Signature Over Printed Name of Authorized Officer Position Department Position; Department Company Tel No. : Company Fax No. : Company Tel No. : Company Fax No. : Company Email Address Company Email Address: Company Address: Company Address:

ANNEXE. Z Category/Classification A-ZIPrimary Deadline: Monthly. within five (5) banking days after end of reference month Submission! Email to International Operations Department at iod_tradeinv@bsp. gov. ph BANGKO SENTRAL NG PILIPINAS INTERNATIONALOPERATIONS DEPARTMENT MONTHLY REPORT ON PURCHASE OF FOREIGN EXCHANGE IFX) ARISING FROM REFUND OF ADVANCE PAYMENT OF IMPORTATIONS Forthe Month of Reporting Bank Name and Address Amount Name of Importer Shipment Value Date of FX Sale" Date of FX Purchase' of Foreign Supplier In On in al Currenc UsD E uivalent ' Also the date or remittance to foreign supplier 'Use the following formaR: DD-MMM-YWY 10.9.01-Jan-2021j Prepared by; Certified True and Correct: Signature Over Printed Name of Authorized Qincer Signature Over Printed Name or Authorized amcer Position: Department: Position: Department! Company Tel. No. : Company Fax NG Company Tel. No. : Company Fax No. : Company EmailAddress: Company Email Address Company Address; Company Address

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AE^ Page xxx of xxx Reporting Requirements of Relevant Schedules under FX Form 1/1A and the Implementing Guidelines on the Computation of Open Foreign EXchange Positions of AABs I. The FX Form 111A, xxx xXx 5. a. xxx b. UBs and KBs shall submit Schedule 13 of FX Form I and the CFXPR (Annex Q) to the DSA xxx. c, TBs shall submit Schedule 13 of FX Form IA and the CFXPR (Annex Q) to the DSA xxx XXX