On November 13, 2020, Suntrust Home Developers, Inc. issued Letters of Award (the "LOA") confirming the award in favor of Megawide Construction Corporation of projects with a total contract price of Six Billion Two Hundred Eighty Five Million Eight Hundred Eighty Eight Thousand Eight Hundred Eighty Eight Pesos (PHP 6,285,888,888.00) for the following stated package of works: (i) Pile Cap, Excavation & ELS Direct Contract with a contract price of Two Billion, Two Hundred Sixty Eight Million, Eight Hundred Eighty-Eight Thousand, and Eight Hundred Eighty Eight Pesos (P2,268,888,888.00); and (ii) Site B Main Contract (including Basement Substructure, Superstructure and ABWF) with a contract price of Four Billion and Seventeen Million Pesos (PHP 4,017,000,000.00) of the Westside City Phase 1 ­ Site B Project in connection with the development of a 5-star hotel and casino establishment. On December 18, 2020, Suntrust and Megawide further agreed to supplement the LOA (the "Supplemental Agreement") to provide for the Provisional Sums and Prime Cost Sums (as such terms are defined under the relevant agreements for the Works) Value in the amount of Twenty Billion Pesos (PHP 20,000,000,000) potential variations for design development of the Main Hotel Casino, including additional architectural, structural and civil works, provision of site facilities services for director contractors appointed by Suntrust, as well as the additional work of (1) façade, building maintenance unit and marquee sign; (2) mechanical, electrical, plumbing and fire; (3) extra-low voltage; (4) specialist systems; (5) back of house fitting out and (6) provision of coordination and cooperation services with and site facilities services for the sub- contractors under the sub-contracts to be awarded to the sub-contractors and additional construction materials to be purchased under the supply contracts to be awarded to the suppliers.