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					     CLARK DEVELOPMENT CORPORATION
            Marketing Department




BUSINESS AND INVESTMENTS UPDATE
        as of September 2011
                     Total No. of Non-Operational Firms


                     Total No. of Terminated Contracts                                      130
                                                           BUSINESS AND INVESTMENTS UPDATE
                                                          NUMBER OF PROJECTS SIGNED PER YEAR

YEAR    Industrial     Agro Ind’l   Commercial       IT     Service    Aviation   Tourism           Institutional          Utility   Housing   TOTAL
                                                                       Related
 1993       5              --           2            --       --          1         --                    --                   --      --        8
 1994      12              --           8            1        --          1         --                    --                   --      --       22
 1995       9              --           9            1        2           --        --                    --                   --      --       21
 1996      12              --           10           1        2           1          2                    --                   1        2       31
 1997       4              --           4            1        7           3          3                    --                   2       --       24
 1998       6              --           2            3        5           1          1                    --                   --      --       18
 1999      11              2            3            2        7           --        --                    --                   4       --       29
 2000      16              2            5            2       16           4          1                    --                   4       --       50
 2001      16              --           3            2        9           2         --                    --                   1       12       45
 2002      19              4            10           --       8           12         1                    --                   2        9       65
 2003      11              1            10           3       16           5          1                    --                   --      18       65
 2004      13              4            18          15       20           --         3                     1                   --      12       86
 2005      28              1            6           15       30           2          4                     1                   --       7       94
 2006      24              3            7           14       34           3         11                     1                   2        2       101
 2007      17              --           2           13       26           --         8                     1                   --      --       67
 2008       8              --           7           23       14                      8                     2                   4                66
 2009      10                           17          10       25            2         5                     4                   1       --       74
 2010      11                           8           12       32            1         8                     1                                    73
 2011      21                           1            4       45                      4                     1                                    76
TOTAL      253            17           132          122      298          38        60                    12                   21      62      1015




                     Total No. of Operational Locators                                      526   (As of September 30, 2011)




                                                                      Page 2
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                                                         SUMMARY REPORT ON INVESTMENT CONTRACTS SIGNED
                                                                        for the Month of September 2011

             TYPE OF                                                                                                     Total Investment                 Total Employment
             PROJECT              NEW             EXPANSION             RENEWAL                OTHERS      TOTAL      Commitments (in PhP)                   Commitments
                         Direct         Sub-    Direct    Sub-    Direct        Sub-     Direct    Sub-             1st yr.            5th yr.           1st yr.    5th yr.
                         Lease          Lease   Lease     Lease   Lease        Lease     Lease     Lease
Industrial                                2                                                                  2         11,882,138                        2,392
Commercial/Warehousing                    1                 1                     2                          4          5,300,000                          16
IT-Related                                1                 2                                                3            525,000                          10
Service-Oriented                          1                         1                                2       4            377,000                          14
Aviation-Related
Tourism                    1                                                                                 1        70,000,000            70,000,000     80         80
Telecommunications
Water and Sewerage
Transportation/Utility
Residential Housing
Agro-Industrial
*Business Park
Institutional
                Total      1              5       0         3       1             2        0         2       14       88,084,138            70,000,000      2,512             80


                                                  CUMULATIVE SUMMARY REPORT ON INVESTMENT CONTRACTS SIGNED
                                                                         for January - September 2011

             TYPE OF                                  TYPE OF CONTRACT/AGREEMENT                                         Total Investment                 Total Employment
             PROJECT              NEW             EXPANSION             RENEWAL                OTHERS      TOTAL     Commitments (in Php)                    Commitments
                         Direct         Sub-    Direct    Sub-    Direct        Sub-     Direct    Sub-             1st yr.            5th yr.           1st yr.    5th yr.
                         Lease          Lease   Lease     Lease   Lease        Lease     Lease     Lease
Industrial                 5             15                 2       1            15        1         2       41    17,576,914,140     17,417,578,500     6,351       3,737
Commercial/Warehousing                    1                 4                    12                          17         5,300,000                          16
IT-Related                                4                 3       1             9        1                 18       12,974,000                           80
Service-Oriented                         37                         4            29        1         9       80     1,110,905,911       127,291,400       917        119
Aviation-Related                                                                  3                          3
Tourism                    2              1                                                                  3      1,759,437,500      1,759,437,500      325        325
Telecommunications
Water and Sewerage
Transportation/Utility
Residential Housing
Agro-Industrial
Business Park                                     2                                                          2       220,000,000        220,000,000
Institutional                             1                 1                     1                          3          1,000,000                          1
                Total      7             59       2        10       6            69        3        11       167   20,686,531,551     19,524,307,400     7,690       4,181




                                                                              Page 3
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CLARK DEVELOPMENT CORPORATION
Marketing Department
SUMMARY REPORT OF INVESTMENT CONTRACTS SIGNED
for the Month of September 2011
          PROPONENT                                               NATURE OF PROJECT                                          DATE                   EQUITY                 LEASED / SUB-LEASED             LEASE/      *INVESTMENT    COMMITMENT (Php)       EMPLOYMENT
                                                                                                                            SIGNED                                          AREA OR PROPERTY              SUBLEASE
                                                                                                                                            Local              Foreign                                      TERM                                             COMMITMENT
                                                                                                                                                                                                                           1st Yr.          5th Yr.         1st Yr. 5th Yr.



TOURISM RELATED
Lease Agreement
BEST JOINT GROUP VENTURE,  Exclusively to establish a fusion restaurant serving Asian, American, European and               16-Sep-11 60% Filipino       40% Korean      7,620 sq.m. open space        5 years            70,000,000.00     70,000,000.00        80       80
INC. (New Lease Agreement) other gourment dish that will become a cuisine destination and support Clark's                                                                located at the corner of C.M.
                           tourism project. To put up contemporary designed commercial stalls for sublease.                                                              Recto Highway and Blue
                           These stalls will cater to stores that will compliment the growing community inside                                                           Diamonds Street of the Clark
                           Clark e.g. specialized grocery, beauty parlor and barber shop, drugstore,                                                                     Freeport Zone, Philippines.
                           convenience store, communication gadgets and internet cafe, etc.
SUB-TOTAL FOR TOURISM RELATED PROJECTS                                                                                                                                                                                   70,000,000.00     70,000,000.00        80
INDUSTRIAL RELATED
Sublease Agreement
SMART SHIRT LTD. (SSL)              Exclusively to be used exclusively to oversee the overall operation of Smart Shirt     31-Aug-11                         100%      2,335 sq.m., Bldg. 25A,            1 year & 5        8,738,000.00                      2,362
REGIONAL OPERATING                  (Phils.) Inc. (as a Regional Operating Headquarters) and related business activities                                  HongKonger/C Philexcel Business Park, M.A.       months
HEADQUARTERS (New Sublease          only.                                                                                                                    hinese    Roxas, Highway, Clark
Agreement with Philexcel Business                                                                                                                                      Freeport Zone, Philippines.
Park)
2PI TECHNOLOGIES INC. (New          Exclusively to manufacture wireless/microwave components, semiconductor devices 5-Sep-11           100% Filipino                     200 sq.m, Unit 21G-H,              1 year          3,144,138.00                         30
Sublease Agreement with Philexcel   and other electronic components at least 70% export.                                                                                 Philexcel Business Park, M.A.
Business Park)                                                                                                                                                           Roxas Highway, Clark
                                                                                                                                                                         Freeport Zone, Philippines.
SUB-TOTAL FOR INDUSTRIAL RELATED PROJECTS                                                                                                                                                                                11,882,138.00                        2,392
IT- RELATED
Sublease Agreement
NANUM TALKING ONLINE              Exclusively to engage in English language tutorial services to foreign nationals    9-Sep-11         60% Filipino      40% Korean      104 sq.m., Unit 1F-6               1 year           525,000.00                          10
CORPORATION (New Sublease         through the use of the telephone and all kinds of web-based interactions, exporting                                                    Philexcel Business Center 6,
Agreement with Philexcel Business English contents for on-line services.                                                                                                 Philexcel Business Park, M.
Park)                                                                                                                                                                    Roxas Highway, Clark
SUB-TOTAL FOR IT RELATED PROJECT                                                                                                                                         Freeport Zone, Philippines.                        525,000.00                         10
COMMERCIAL/WAREHOUSING RELATED
Sublease Agreement
DOMINIC G. AQUINO (New              Exclusively for the operation of a gasoline station that would involve the              15-Sep-11 DTI Certificate    N/A             125 sq.m. located within the      3 years         5,300,000.00                          16
Sublease Agreement with             management of the three profit centers- the forecourt (for the fuels, the shop, the                                                  portion of Northwalk Clark
Northwalk Clark, Inc.)              convenience retailing-Shell Select and the lube bay area which include change oil,                                                   Inc. along M. A. Roxas
                                    tune up, minor mechanical jobs, car washing and car detailing).                                                                      Highway, Clark Freeport
                                                                                                                                                                         Zone, Philippines.
SUB-TOTAL FOR COMMERCIAL/WAREHOUSING RELATED PROJECT                                                                                                                                                                      5,300,000.00                          16
SERVICE-ORIENTED RELATED
Sublease Agreement
BEAN AND BEYOND CAFÉ (New           Exclusively for coffee shop & restaurant                                               6-Sep-11    DTI Certificate                   91.7 sq.m.,/Clark Hauz             1 year           300,000.00                           8
Sublease Agreement with Clark                                                                                                                                            Building Lot 2, Bayanihan
Haus Holdings Corporation)                                                                                                                                               Park, M. A. Roxas Highway,
                                                                                                                                                                         Clark Field, Angeles City.
Concessionaire Agreement
GREIZELLE & GERI GEEZELLE          Exclusively for snack services that caters to employees at IQOR.                        7-Sep-11    DTI Certificate                   IQOR 2, Building 1,                1 year            27,000.00                           3
STORE (New Concessionaire                                                                                                                                                Berthaphil III Compound, the
Agreement with iQor Philippines,                                                                                                                                         Center at Clark Freeport
Inc.)                                                                                                                                                                    Zone, Philippines.
JACKROSENKARI CATEEN (New Exclusively for canteen operations.                                                              9-Sep-11    DTI Certificate                   Gil Puyat Avenue Industrial        1 year            50,000.00                           3
Concessionaire Agreement with                                                                                                                                            Estate I, Clark Freeport Zone,
Chitai Industry Philippines, Inc.)                                                                                                                                       Philippines.
SUB-TOTALS SERVICE-ORIENTED RELATED PROJECTS                                                                                                                                                                               377,000.00                           14




                                                                                                                                                      Page 4
         SUMMARY OF CFZ CONTRACTS SIGNED ACCORDING TO NATIONALITY
                                As of SEPTEMBER 2011

  CLASSIFICATION               # OF CONTRACTS          PERCENTAGE

      Foreign Firms                 205                   20.20
       Local Firms                  592                   58.33
Foreign with Local equity           218                   21.48
           Total                    1015                  100.00

           Japan                    36.5                  17.80
            USA                     42.5                  20.73
           Taiwan                    10                    4.88
          Australia                  15                    7.32
           France                    5                     2.44
           Korea                     53                   25.85
British Virgin Islands (BVI)         9                     4.39
      United Kingdom                 9                     4.39
           Brunei                    1                     0.49
         Hongkong                    6                     2.93
          Canada                     1                     0.49
            China                    4                     1.95
            Dutch                    3                     1.46
             Italy                   1                     0.49
       New Zealand                   1                     0.49
          German                     1                     0.49
          Malaysia                   1                     0.49
          Cayman                     1                     0.49
         Palestine                   1                     0.49
            Swiss                    1                     0.49
            India                    3                     1.46
            Total                   205                   100.00




                                           Page 5
                Clark Development Corporation
   Enterprise Operations and Management Department
       TOP EXPORTERS FOR SEPTEMBER 2011
RANK                                  ENTERPRISE                  Value (US$)
  1      Nanox Philippines, Inc. Count                        $       93,673,366.74
  2      Phoenix Semiconductor Philippines Corp. Count        $       68,327,415.56
  3      Yokohama Tire Philippines, Inc. Count                $       25,973,647.63
  4      L And T International Group Philippines Inc. Count   $       12,163,612.65
  5      Hld Clark Steel Pipe Co. Inc. Count                  $        9,157,656.05
  6      Smk Electronics (Phils.) Corp. Count                 $        6,008,525.57
  7      Amertron Inc Count                                   $        4,552,929.27
  8      L & K Industries Phils Inc Count                     $        2,186,220.10
  9      Smart Shirts (Phils.), Inc. Count                    $        1,716,912.97
 10      Golden Stone Garments, Inc. Count                    $        1,652,696.18
 11      Multi-Tek Fasteners Incorporated Count               $        1,235,392.94
 12      Keygold Manufacturing, Inc. Count                    $        1,201,992.24
 13      S Next Philippines Inc Count                         $          822,488.86
 14      Dt Interacts Philippines Inc Count                   $          725,756.24
 15      Outback Five Star Clark Philippines, Inc. Count      $          516,779.00
 16      H3 Technology Philippines Inc. Count                 $          492,554.01
 17      Eliteclean Inc. Count                                $          417,044.16
 18      Pacific Carpet Mfg. Corp. Count                      $          415,282.73
 19      Isensors, Inc. Count                                 $          412,514.11
 20      Aderans Philippines, Inc. Count                      $          408,781.28
                                     GRAND TOTAL              $    232,061,568.29




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                                                                         LIST OF CFZ REGISTERED ENTERPRISES


                     ENTERPRISE                        TYPE OF PROJECT                                  PROJECTS                                                  ADDRESS                           Nationality

AVIATION-RELATED
AIRAVANT AVIATION CORP. (New Sublease             Aviation-Related         Exclusively for office space for conducting the business of helicopter 63 sq.m. Room 14, Philexcel Business Park,         Phillipines
Agreement with Philexcel Business Park)                                    charter and aviation lease services including specialty leasing and    Clark Freeport Zone, Philippines.
                                                                           custom tailored usage programs, on short term and long term basis,
                                                                           except financial leasing.
API Asia Pacific, Inc., Sub-lessee of Berthaphil, Aviation-Related         Warehousing/distribution of aircraft parts and accessories, overhaul Jose Abad Satnos Avenue, 1961st Area, CFZ               USA
Inc.                                                                       and repair of aircraft parts and accessories and light manufacturing.

Aerotech Industries Philippines, Inc.             Aviation-Related         1). Aircraft and components repair/service station as one of the Bldg. 7242 Civil Aviation Complex, CFZ                      Italy
                                                                           Lessee's activities 2) Warehousing of spares, tools, equipment for
                                                                           aircraft repair/maintenance activities and for sales and distribution 3)
                                                                           Workshop areas and venue to perform aircraft servicing 4) Aircraft
                                                                           hangarage and warehousing.

Asia Overnight Express Corporation (AOEC) Aviation-Related                 1) Business Office for its domestic and International Air Cargo room 9, bldg 7588 (Airline Office Building, within       Philippines
(updated in payment as of June 2006 per                                    Transport Service inside CSEZ as a hub for its Asian network; 2) the Civil Aviation Complex of DMIA, CFZ.
CIAC/Jay)                                                                  Sharing of Office with Miascor Ground Handling Corporation
                                                                           exclusive ground handling service provider of Asia Overnight
                                                                           Express.
Asia Pacific Aviation Philippines, Inc. (Formerly: Aviation-Related        Office space purposes for its aircraft leasing activities only.      located at building 7231, Civil Aviation Complex,   Philippines
Asia Pacific Helicopters Philippines, Inc.), Sub-                                                                                               CFZ
lessee of Asian Aerospace Corporation
Asian Aeronautics Services, Inc., Sub-lessee of Aviation-Related           Aircraft maintenance and aircraft repairs only.                        located at Hangar 1, M.A. Roxas Highway, CFZ,     Philippines
Omni Aviation Corporation                                                                                                                         Phils.
Asian Aerospace Corp.                              Aviation-Related        to engage in Aircraft Service Center.                                  Bldg 7231, 7226, 7233, Clark Aviation Complex -   Philippines
                                                                                                                                                  CFZ
Asian Spirit, Inc.                                Aviation-Related         To carry on, by means of aircraft of every kind and description the bldg 7233, Civil Aviation Complex, DMIA, Clark       Philippines
                                                                           general business of common and/or private carrier, or charterer, Freeport Zone, Philippines
                                                                           engaged in the transportation of passengers, merchandise, freight
                                                                           and mail, and in this connection to acquire, purchase, lease,
                                                                           construct, own, maintain, operate and dispose of airplanes and other
                                                                           aircraft of every kind and description, and also to own, purchase,
                                                                           construct, lease, operate and dispose hangars, transportation
                                                                           depots, aircraft service stations/terminals and agencies, to
                                                                           manufacture/sell and lease aircraft and their spare parts to other
                                                                           airlines and other objects and service of a similar nature which may
                                                                           be necessary, convenient or useful as an auxiliary to aircraft and
                                                                           their spare parts to other airlines and other objects and service of a
                                                                           similar nature which may be necessary, convenient or useful as an
                                                                           auxiliary to aircraft transportation.


Asian Spirit, Inc. (Ticketing Office)           Aviation-Related           Sales and Ticketing Office.                                         Bldg 2086, Cardinal Street, CFZ                      Philippines
Aviation Enterprises, Inc. (AEI), Sub-lessee of Aviation-Related           Purchasing, selling, leasing aircraft and other airworth conveyance Hangar 7224, Civil Aviation Complex, CFZ
Seair, Inc.                                                                to third persons and establishing an avionic repair station.
                                                                                                                                                                                                    Philippines
CargoHaus Inc.                                    Aviation-Related         Cargo forwarding, warehousing, other high technology but light Wagner Ave., Street W-2, Street S and the MAC             Philippines
                                                                           industries, office space and showrooms and office/factory cafeteria Passenger Terminal, Clark Freeport Zone,
                                                                           and other related activities.                                       Philippines




                                                                                                             Page 47
                ENTERPRISE                             TYPE OF PROJECT                                PROJECTS                                                     ADDRESS                             Nationality

Clark Airport Ground Handling Systems, Inc. Aviation-Related             To operate groundhandling services and other related services as       CIAC Airport Complex, Clark Freeport Zone,              Australia
(JVA b/w CIAC and Airport Handling Int'l.)                               listed in "Annex A" of the Joint Venture Agreement dated October       Phils.
                                                                         30, 1997.
Clark Airport Support Services Corp., (Formerly: Aviation-Related        To service the flight support and warehousing/logistics requirements   Facility No. 7579 (former Alcatel Bldg) within the     Philippines
Clark Airport Flight Support, Inc.)                                      of companies in the Diosdado Macapagal International Airport as        Civil Aviation Complex of the DMIA, CFZ,, Phils.
                                                                         follows: Integrated Ground Support Equipment ( GSE) maintenance;
                                                                         Cargo warehousing; Ramp handling; Passenger Handling.


Clark Aviation Services, Inc., Sub-lessee of Asia Aviation-Related       Office and ground handling operational needs.                          Bldg 7541, Civil Aviation Complex, CFZ
Overnight Express Corporation                                                                                                                                                                          Philippines
Cyber City Teleservices Ltd., Lessee of CIAC      Aviation-Related       Private hangarage such as parking and routing maintenance of vacant lot, left side of Street E within the Civil                  USA
                                                                         Cyber's aircraft.                                            Aviation Complex of DMIA, CFZ
Intercontinental Pacific Airways, Inc., Sub-lessee Aviation-Related      Office for airline operations only                                     Ground Floor, Business Center 3, CFZ                   Philippines
of Philexcel Business Park, Inc.
International Aviation Services Assistance, Aviation-Related             1) As an administrative office; 2) To support aircraft maintenance for located at units 4 and % of Bldg 7588, within the      Philippines
Lessee of CIAC                                                           both local and foreign carriers; 3) Storage of equipment, tooling Civil Aviation Complex of the DMIA
                                                                         materials as required per aircraft maintenance.


Island Transvoyager, Inc., Sub-lessee of Omni Aviation-Related           Office space for conducting Air taxi operation, scheduled and non- located at room 202, 2nd floor Hangar II, Hangar           Philippines
Aviation Corporation                                                     scheduled charter and other related cusiness activities.           office space, Omni Aviation complex, M.A. Roxas
                                                                                                                                            Highway, CFZ
Jainevill International, Inc. (Sub-lease Agreement Aviation-Related      Exclusively for the sale of aviation and industrial parts and 100 sq.m. Room 17H, Philexcel Business Park                     Philippines
with Philexcel Business Park, Inc.)                                      equipment, product and technical support to aviation and industrial M. Roxas Highway, Clark Freeport Zone,
                                                                         companies in Clark freeport Zone and other Special Economic Philippines.
                                                                         Zones.

Lubwell Corporation                               Aviation-Related       has commited to use the leased property for operating and CIAC Complex, Clark Freport Zone, Pampanga                          Philippines
                                                                         establishing the following: a) into-plane fuel services in the Clark
                                                                         Aviation Complex; b) Fuel storage facilities, identified as Integrated
                                                                         Jet Fuel service depot (IGF); c) Rehabilitation of the pipeline
                                                                         between CDC fuel farm and Clark civil aviation complex provided
                                                                         that Lessee shall solely be responsible in negotiating/contracting
                                                                         with CDC to accomplish the proposed rehabilitation and operation of
                                                                         the pipeline; d) fuel quality certification laboratory.


Lufthansa Technik Philippines, Inc., Lesse of Aviation-Related           Office and storage facility for the LESSEE's tools and equipment       Bldg 7588 (Airline Office Building) within the Civil
CIAC                                                                     which shall be used in the maintenance, repair and overhaul            Aviation Complex of DMIA, CFZ, Phils.
                                                                         operations of the LESSEE                                                                                                      Philippines
Mosphil Aero Inc., Lessee of Clark International Aviation-Related        engage, operate and carry on the general business of a common          Facility No. 7579 (former Alcatel Bldg) within the
Airport Corporation                                                      and/or private carrier by means airplanes, helicopters and other       Civil Aviation Complex of the DMIA, CFZ, Phils.
                                                                         aircrafts. For scheduled and/or non scheduled chartered flights both
                                                                         domestic and foreign, air commerce of passengers, mails,
                                                                         merchandise and freight of all kinds.
Omni Aviation Corporation                         Aviation-Related       To engage in using the leased properties as Aero Club, Aviation        Mitchell Highway on the South, the former Ammo         Philippines
                                                                         school, air tours, restaurant, general aviation related activities,    Storage Area to the West, Motocross track to the
                                                                         hangarage/moorage (storage, general aviation aircraft servicing and    East, and Matheny Ave. to the North, Clark
                                                                         maintenance, drag racing, and other sports related activities.         Freeport Zone, Phils.




                                                                                                              Page 47
                 ENTERPRISE                              TYPE OF PROJECT                               PROJECTS                                                    ADDRESS                               Nationality

Pacific East Asia Cargo Airlines, Inc., Lessee of Aviation-Related         Business Office for its Regional Freighter operations utilizing Bldg 7588-rooms 1, 2, 3,& 8 (Airline office bldg.)            Philippines
CIAC                                                                       A300B4F and/or B727-200F with an estimated cargo capacity of 40 within Civil Aviation Complex of the DMIA, CFZ,
                                                                           tons and/or 20 tons per flight; and from Clark to Cebu utilizing Phils.
                                                                           Antonov 12 and/or B727-100F aircraft five (5) times a week with an
                                                                           estimated cargo capacity of 10tons and/or 15 tons per flight. Ang to
                                                                           provide Filipino and Multi-national companies (exporters and
                                                                           importers) based in Central Luzon, a convenient and direct access
                                                                           to Cebu markets.

Philippine     Aviation     Security     Services Aviation-Related         1) To establish a satellite office (PASSCOR branch office) that shall Bldg 7601, within Civil Aviation complex of CIAC,        Philippines
(PASSCOR) Corporation, Lessee of Clark                                     provide specialized servcies concerning safety and security CFZ, Pampanga
International Airport Corporation (CIAC)                                   functions in the Aviation Industry; 2) To establish a PASSCOR
                                                                           Training School that shall provide aviation security-related courses
                                                                           to meet the demand of security services particualrly in the aviation
                                                                           area.
Rolls-Royce Engine Services LTDA, Inc., Sub- Aviation-Related              Sales, support and repair of aircraft engines, modules, components, Bldg. 06, Berthaphil Compound, Jose Abad                      UK
lessee of Berthaphil, Inc.                                                 accessories and parts, and warehousing project only.                Santos Avenue, CFZ, Pampanga

Seair, Inc. (formerly Vivere Isles Leisure Corp.)   Aviation-Related       Operation of passenger and cargo services between Clark-Manila-      Bldg 7230, 7236, within Clark Aviation Complex,      Philippines/ Germany
                                                                           Subic and other special economic zone, Manila and major tourist      Clark Freeport Zone, Pampanga
                                                                           destinations, like Palawan, Boracay, etc. and other routes to be
                                                                           developed within Palawan, Visayas and Northern Luzon; Hangar;
                                                                           and minor and routine maintenance and repair.
Societe Internationale De Telecommunications Aviation-Related              Installation and operation of the SITA remote ground station.    CIAC Rapcom equipment room, Civil Aviation
Aeronautiques, Lessee of CIAC                                                                                                               complex, CFZ                                                  Philippines
TDG Asia Corporation, Sub-lessee of Clark Aviation-Related                 General aviation services and as administration and marketing of bldg 7585 CASS Cargo Center, Civil Aviation
Airport Support Services Corporation (CASSC)                               the private chartering services.                                 Complex, CFZ
                                                                                                                                                                                                          Philippines
Transglobal Airways Corporation, Lessee of clark Aviation-Related          Operate, engage, provide air commerce in domestic and Washtrack area, within Civil Aviation Complex of                        Philippines
International Airport Corporation                                          international sector, chartered non-scheduled passenger and cargo CIAC, CFZ
                                                                           transport including but not limited to: aircraft and helicopter leasing,
                                                                           aircraft and helicopter maintenance and repair, cargo warehousing.


Trans-Global Consolidators, Inc., Lessee of Aviation-Related               Logistics Busines Centre including warehousing and consolidation Bldg. 7590 within the Clark Civil Aviation
CIACOR                                                                     of freight and cargo, cargo handling and lease of equipments.    complex, CFZ
                                                                                                                                                                                                          Philippines
United Parcel Service Co., Sub-lessee of UPS Aviation-Related              Office and administrative premises, and storage faciliteis only.        UPS Intra-Asia Hub, Civil Aviation Complex,              USA
International, Inc.                                                                                                                                DMIA, CFZ
UPS International, Inc.                      Aviation-Related              1. Hub Operations 2. Philippine Country Operations 3. Clark International Airport Aviation Complex,                               USA
                                                                           International Freight Forwarding.                                       CFZ
Western USA Solutions, Inc.(Lease Agreement)        Aviation-Related       Exclusively to establish an aircraft parts repair and aircraft engine 966 sq. m. open space & 134 sq. m.                          USA
                                                                           overhauling facility atleast 70% of engine parts will be re-exported to approximately floor area of Bldg. N5280 located
                                                                           the country of origin                                                   at C. M. Recto Highway Clark Freeport Zone,
                                                                                                                                                   Phils.

INSTITUTIONAL PROJECT
Ateneo Graduate School of Business Sublessee Institutional Project         Exclusively for office, graduate school and other business related   150 sq. m., Offcie Center N0. 07C-2, Berthaphil       Hongkong/Chinese
of Berthaphil, Inc.                                                        activities only.                                                     III Clark Center, Jose Abad santos Avenue, Clark
                                                                                                                                                Freeport Zone, Philippines
Clark Education City( (Australian International Institutional Project      International Vocational School                                      Centennial Road, Clark Freeport Zone 2023; PO             Australian
Training and Management Group/AITMG)                                                                                                            Box 53799




                                                                                                             Page 47
                    ENTERPRISE                           TYPE OF PROJECT                                PROJECTS                                                      ADDRESS                             Nationality

Edupacific, Inc.                                    Institutional Project   Establish courses of study and give instruction by correspondence, Bldg 2090 Cardinal Santos St., CFZ                          Philippines
                                                                            tutorial, review and otherwise to persons that may discuss it, in
                                                                            language, mathematics, physics, arts and sciences and all subjects
                                                                            constituting a technical, scientific classical or academic education.


J.F. Dee Academy, Inc., Sub-lessee of Philexcel Institutional Project       To offer technical & vocational English language training . To offer   Philexcel Business Park, CFZ, Pampanga
Business Park, Inc.                                                         high quality education specialized in English language among
                                                                            Korean students and enhance wholesome development in improving
                                                                            the ability to speak the language through systematic strategy of
                                                                            education.                                                                                                                  Philippines/Korea
International      Aviation   Group   Development Institutional Project     Aviation Technical Institute to provide technical training for along Jose Abad Santos Avenue, CSEZ                          Philppines /U.K.
Corporation                                                                 commercial pilots, aircraft engineers, airline cabin crew and aviation
                                                                            operations support personnel for and behalf of airlines and
                                                                            individuals world-wide to internationally regulated standards without
                                                                            engaging in the establishment and operation of commercial aircraft
                                                                            or the purposes of transporting passengers and cargoes. The
                                                                            lessee may pursue such as alllied to, an auxiliary of, necessarily
                                                                            connected with, or as shall enhance, facilitate, or render conducive,
                                                                            or, as shall be favorable in its business operation.


NK International Co., Ltd. (New Sub-lease Institutional Project             Exclusively only for the following purposes; english training center 2,730 sq.m. 2nd floor corner P. Kalaw and R.                Korea
Agreement with Metro Clark International                                    for junior & senior group; call center; esl training center; golf training Magsaysay Avenues, Clark Freeport Zone, Phils.
Development Corporation)                                                    center and workshop & seminar training venue

North Hill Language Learning Center, Inc.           Institutional Project   Establishment and operation of an English Language Center for Bldg 5208, C.M. Recto Highway, CSEZ                           Philippines/Korea
                                                                            Korean Nationals including the following facilities: classrooms,
                                                                            dormitory for students, conference room, faculty room, canteen, etc.


Philippines Science High-School                     Institutional Project   Exclusively for the establishment of an integrated complex for the      land with an area of 45,363 sq.m., situated at         Philippines
                                                                            "Central Luzon Campus of the Philippine Science high School            the former Sacobia Complex, Next Frontier,
                                                                            System" which shall have the following facilities, academic buildings, Clark special Economic Zone.
                                                                            residence halls, canteen, gym, administration building, grand stand
                                                                            and state of the art laboratories.

Philippine Science High School-System ( Lease Institutional Project         Exclusively for the establishment and operation of a Science High CDC-CP Bldg. No. 1081, Room Nos. 1 & 2,                      Philippines
Agreement)                                                                  School to be located temporarily at the Clark Polytechnic Complex CDC-CP Bldg. No. 1081 extension, Room A,
                                                                                                                                              CDC      Clark      Polytechnic    Development
                                                                                                                                              Foundation, Inc. Clark Freeport Zone, Phils.


ST. PAUL AMERICAN CHRISTIAN SCHOOL                  Institutional Project   Exclusively to establish and operate an educational institute or       517.20 sq.m. located at Office Center No.05-J-       Philippines/Korea
INT'L., INC. (New Sublease Agreement with                                   learning center which shall provide one (1) to twelve (12) Grade       M, Berthaphil III Clark center Jose Abad Santos,
Berthaphil, Inc.)                                                           International school and Secondary Education.                          Clark Freeport Zone, Philippines


COMMERCIAL/WAREHOUSING RELATED
3Eagle Logistics, Inc. (Sub-lease Agreement with Commercial                 Exclusively to provide logistical support and supplies to Clark      100 sq.m., Unit 16G, Philexcel Business Park,             Philippines
Philexcel Business, Park)                                                   Freeport Zone locators through importation, distribution, export and M. Roxas Highway, Clark Freeport Zone,
                                                                            forwarding of goods and merchandise such as but not limited to food Philippines.
                                                                            supplies and other commodities essential to the operations of the
                                                                            CFZ locators and 100% export to distribution centers in HongKong
                                                                            and Macau which caters to Filipino migrants




                                                                                                             Page 47
                ENTERPRISE                       TYPE OF PROJECT                               PROJECTS                                                       ADDRESS                          Nationality

A & E CFZ Philippines, Inc. (Sub-lease      Commercial             Exclusively for the establishment of a logistics arm for its facilities in 200 sq.m. a portion of Bldg. N2128, Bayanihan      Brunei
Agreement with Platinum Fox, Inc.)                                 Brunei for the promotion and distribution of the following goods and St., Clark Freeport Zone, Philippines.
                                                                   items for 100% export to its global clients: Raw materials such as
                                                                   yarn, linen, leather products, textiles, draperies, ornaments,
                                                                   haberdashery, stationery, garments, house wares/hardware
                                                                   tools/implements, health & beauty items, novelty items, home
                                                                   furnishings, and other non-food items except liquor, construction
                                                                   materials and equipments such as wood and in any description of
                                                                   timber, cane or other forest products and by-products, glass panels,
                                                                   building insulation materials & tools, all kinds of heavy construction
                                                                   and engineering equipment, plumbing, sanitary and machine works
                                                                   parts/accessories including the commodities, articles and things
                                                                   related to such industry including technical researches, consultancy
                                                                   services, environmental and waste management instruments,
                                                                   pollution control equipment, process and prevention technologies
                                                                   such as solar panels and apparatus systems.


Arjan Trading Corp.                         Commercial             Commercial Shopping center, restaurant and amusement center.             Dyess Highway, Clark Field, Pampanga               Philippines

Associated Freight Consolidations, Inc. (New Commercial            Exclusively as office space for Freight Forwarders: 1) To forward        32 sq.m., Room 4 Business Arcade 1, Philexcel      Philippines
Sub-lease Agreement with Philexcel Business                        parcel, packages, merchandise, goods and articles of every name          Business Park, Clark Freeport Zone, Philippines.
Park)                                                              and description from one place to another, anywhere in the world, by
                                                                   air and other means of transportation; 2) To engage in the general
                                                                   airfreight business, customs brokerage and other allied
                                                                   understakings.
ATMA TRADING (Sub-lease Agreement with      Commercial             Exclusively only for warehousing and repacking of locally produce        100 sq.m., Unit 16H Philexcel Business Park, M.    Philippines
Philexcel Business Park)                                           goods for 100% export to South Africa, Middle east and other Asian       A. Roxas Highway, Clark Freeport Zone,
                                                                   countries.                                                               Philippines

Barretto Collections, Sub-lessee of Philexcel Warehousing          Old coins and paper money processing ONLY. Old coins and paper Room 11B, Philexcel BC1, CFZ, Phils.                         Philippines
Business Park, Inc.                                                money will be imported from sources such as the Red Cross and
Beverly Duty Free Store, Inc., Sub-lessee of Commercial            a. Sale of wine, Europe. Sorting and processing canned goods;
                                                                   Unicef from around liquors and cigaretes, snacks, will be done at located at Pura Kalaw corner R. Magsaysay                 Philippines
MCIDC (Assignee of California Mart II), Sub-                       computer hardware, software and parts, shoes, bags and belts; Avenue, CFZ
lessee of MCIDC                                                    under garments and RTW's; perfume and cosmetics; b. Sale of
                                                                   imported and local consumable (food and non-food) and non-
                                                                   consumable goods (Office supplies and equipment; household
                                                                   furniture, fixtures and appliances, agricultural tools and equipment;
                                                                   and automobile accessories, repair tools and equipment)

Brook Warehousing Systems Co.               Commercial             Duty Free Shop; Furniture & fixture Showroom patterned after IKEA Bldg. 3678, along C.M. Recto Highway, CFZ,                Philippines
                                                                   of Singapore/Hongkong; Warehousing and Trading; Auction of Philippines
                                                                   merchandise except used clothing, motor vehicle and heavy
                                                                   equipment, and merchandise/products falling under the negative list
                                                                   (E.O. 139) issued by DTI or merchandise regulated under other
                                                                   laws, orders, circulars, etc. by the Phil. Govt.; and Office space for
                                                                   own use and sub-lease; Food court outlet and amusement arcade.

Cedar Creek Warehousing and Logistics Commercial warehousing       Exclusively only for warehousing and repackaging of local consumer 300 sq. m. Building N7368 A. Soriano Sr. Street,         Philippines
Company (Sub-lease Agreement with Victoria                         goods and cosmetic products for export to the Middle, East, Canada, Clark Freeport Zone, Phils.
Foods Company)                                                     Hongkong, Guam and United States
Clark Interiors, Inc.                      Commercial              1). Duty free store for lamps, lighting fixtures, related electrical Centennial   Road, Clark Freeport Zone,                Philippines
                                                                   parts and accessories, and other interior decors with assembly; 2). Philippines
                                                                   Home/Office Depot including but not limited to electronic and
                                                                   workshop items; 3). Coffee Shop; 4) Non-consumable items such
                                                                   as apparels, accessories, etc. and 5) Retail of food products/articles
                                                                   and other consumable products/articles.




                                                                                                    Page 47
                ENTERPRISE                          TYPE OF PROJECT                                   PROJECTS                                                       ADDRESS                             Nationality

Clark Liberty Warehouse Club, Inc.             Commercial                 To engage in Commercial Shopping Facility                               Along Dyess Highway, Clark Freeport Zone,              Philippines
                                                                                                                                                  Philippines
Clark Professional Product Lines, Inc. ( New Commercial                   Exclusively for satellite office for the promotion and distribution and 40 sq. m. Stall No. 13 corner P. Kalaw and R.          Philippines
Sublease      Agreement   with   Metro  Clark                             trading of office supplies, Kimberly Clark Products (for the Magsaysay Avenues, Clark Freeport Zone,
International Development Corporation)                                    washroom, workplace and safety) and Johnson Diversey products Philippines
                                                                          (e.g. floor care, disinfectants & sanitizers, laundry detergents and
                                                                          janitorial equipment to existing CFZ locators
Clark Trading Corp.                            Commercial                 Commercial shopping complex(Mall).                                      Dyess Highway cor. Wilson Street, Clark                Philippines
                                                                                                                                                  Freeport Zone, Philippines
Cosmo Food and Non-Food Trading Corp. (Sub- Commercial/warehousing        Exclusively for warehousing, labelling, repackaging and 100%             200 sq.m., located at N7503 A. Bonifacio            Philiipines/China
lease Agreement with Nice Apparel Ltd. Co.)                               export of the Philippine made foods and cosmetics products to           Avenue corner J. Tinsay St., Clark Freeport
                                                                          Canada, Middle East, United States and Hong Kong.                       zone, Philippines.
D1280X Philippines, Inc. Sublessee of Berthephil Commercial/warehousing   exclusively of blending, repackaging, labeling and distribution of fuel Bldg. 22D, Berthaphil compound 1, Berthaphil         Philippines/USA
Business Park, Inc.                                                       additives (vegetable-based fuel additives for gasoline, diesel and Business Park, corner Jose Abad Santos & E.
                                                                          bunker C fuel subject to compliance of 70% 30% BIR Ruling               Quirino St., CFZ, Philippines

Demagus Trading Corp.                          Commercial                 to engage in trading, warehousing, wholesaling and retailing of Bldg 7272 Dyess Highway, Clark Freeport Zone,                  Philippines
                                                                          imported articles from China and other countries to include but not Phillippines
                                                                          limited to finished goods, e.g. food products, toys, among others.

DOMINIC G. AQUINO (New Sublease Agreement Commercial/warehousing          Exclusively for the operation of a gasoline station that would involve   125 sq.m. located within the portion of Northwalk     Philippines
with Northwalk Clark, Inc.)                                               the management of the three profit centers- the forecourt (for the       Clark Inc. along M. A. Roxas Highway, Clark
                                                                          fuels, the shop, the convenience retailing-Shell Select and the lube     Freeport Zone, Philippines.
                                                                          bay area which include change oil, tune up, minor mechanical jobs,
                                                                          car washing and car detailing).
DT Interacts Philippines, Inc. Sublessee of Commercial warehousing        exclusively for warehousing and repacking of local consumer goods        Unit 171 Philexcel Business Park, CFZ, Phils.       Philippines/India
Philexcel Business Park                                                   for 100% export to Sourth Africa, Middle East, USA, and other Asian
                                                                          Countries
Elematec Phils., Inc. (Sub-lease Agreement with Commercial/warehousing    Exclusively to establish a logistics/warehousing facility for storage    200 sq. m. Unit 18 E &F, Philexcel Business              Japan
Philexcel Business Park)                                                  and safekeeping of goods and the importation or procurement of           Park, Inc. M. A. Roxas Highway, Clark Freeport
                                                                          goods for customers (registered enterprise to Clark Freeport zone,       Zone, Philippines
                                                                          Subic Bay Freeport Zone, Philippine Export Zone Authority, Board of
                                                                          Investment, etc. e.g. SMK Electronics (Phils.) Inc. & Nanox Phils.,
                                                                          Inc.
Food and Beverage, Inc.                        Warehousing                1) Warehousing/trading, import, export and transshipment of general      Feati Street, corner A. Bonifacio Ave., CFZ,          Philippines
                                                                          merchandise; and 2) To engage in the import, export, trading,            Phils.
                                                                          transshipment, customized restoration, repairs and other services,
                                                                          such as but not limited to: custom detailing; custom refinishing of
                                                                          vehicles interior, exterior engine and engine bay, under-chassis
                                                                          detailing; micro-painting and custom touch of various parts of the
                                                                          vehcile; and specialized upholstery replacements of all types of
                                                                          motor vehicles to be exported to any foreign country or
                                                                          constructively exported to any other economic zones in the
                                                                          Philippine subject to compliance by the LESSEE with all the existing
                                                                          customs and business rules and regulations per Customs
                                                                          Administrative Order (CAO) 6-94. provided further, that the LESSEE
                                                                          shall be governed by Revenue Memorandum Circular No. 25-99
                                                                          (Disseminating the Ruling of the Commissioner of Internal Revenue
                                                                          on the Non-eligibility per VAT Zero-Rating of Automobile Sales to
                                                                          Entities Registered with PEZA, SBMA and Clark Development
                                                                          Authority) and with all the future rules and regulations that may be
                                                                          imposed by the government concerning the above-mentioned
                                                                          business operations.




                                                                                                           Page 47
                    ENTERPRISE                         TYPE OF PROJECT                                 PROJECTS                                                        ADDRESS                               Nationality

Eliteclean, Inc.     (Sub-lease   Agreement   with Commercial/warehousing   Exclusively to engage in the business of conversion of garments,        552 sq.m. Bldg. 12A Berthaphil I Compound,           Philippines/Singapore
Berthaphil, Inc.)                                                           laundry services and warehousing for the storage, deposit,              Jose Abad Santos Avenue, Clark Freeport Zone,
                                                                            safekeeping of goods for subsequent transfer directly to the            Philippines
                                                                            Freeport    and    Special    Economic     Zones   and    PEZA
                                                                            enterprises/owner/consignee herein and abroad.
Exporter 2000, Inc. (Sub-lessee of Nice Apparel) Warehousing                Warehousing and General trading                                     Bldg 7503 (portion) A. Bonifacio Avenue cor. J.               Philippines
                                                                                                                                                Tinsay Street, CFZ, Phils.
Food and Beverage, Inc.                           Commercial                1) Restaurant and Bar (Cocktail Lounge); 2) Duty Free Sales Outlet; CFZ, Philippines                                              Philippines
                                                                            3) Retail and Wholesale of Imported Wines and Liquors and other
                                                                            merchandise,

Garden International Corporation - Sub-lessee of Commercial                 Importing, exporting, transshipping, distributing, warehouse-trading Stall No. 11, Mix Commercial Bldg., Metro Clark              Philippines
MCIDC                                                                       and selling (either by retail or wholesale) of imported and local Center, Pura Kalaw Ave., corner R. Magsaysay
                                                                            consumable goods (all food and non-food products such as, but not Ave., Clark Freeport Zone, Philippines
                                                                            limited to grocery items, agricultural and dairy products, processed
                                                                            meat products, wines, liquor, cigar, cigarettes, perfumes, cosmetics,
                                                                            food supplements, paharmaceutical and other health care products,
                                                                            pet foods, etc.) and non-consumable goods (such as but not limited
                                                                            to, general merchandise, office equipment, furniture and fixtures,
                                                                            appliances,     electronics   and    electronics    parts/accessories,
                                                                            computers, tires, car parts/accessories, health care products,
                                                                            textiles, garments, foot wears, handbags, toys, etc.); and to act as
                                                                            representative, here and abroad, of local or foreign manufacturers
                                                                            and their authorized distributors.

Global Defense Technology, Inc.                   Commercial                Technical Services:                                         Bldg 4020, along centennial Road, CSEZ,                               Philippines
                                                                            a) Repair of electro mechanical devices/equipment           Philippines
                                                                            b) Calibration electro-mechanical devices/equipment
                                                                            c) Rehabilitation/upgrade aircraft engine test cell
                                                                            d) Built/upgrade calibration laoratory/facility
                                                                            e) Calibration consultancy
J-PAC Logistics, Inc. (New Sub-lease Agreement Commercial                   Sales of the following:
                                                                            Exclusively to provide warehousing, logistics and brokerage 2,160 sq. m., Bldg. 04 & 05, located at Berthaphil                Philippines/Japan
with Berthaphil Business Park, Inc.)                                        services inside CFZ                                         Business Park I, Jose Abad Santos Ave., Clark
                                                                                                                                        Freeport Zone, Philippines

Kwality Philfood, Inc. (New Sub-lease Agreement Commercial                  Exclusively only for warehousing and repackaging of Philippine 100 sq.m., Unit 17E Philexcel Business Park, M.                 Philippines/India
with Philexcel Business Park)                                               made goods for 100% export to the Middle East                  A. Roxas Highway, Clark Freeport Zone, Phils.

Lee Chongshin Trading, Inc.            (Sub-lease Commercial/warehousing    Exclusively as a center for the supply and distribution of industrial   77 sq. m. office suties Annex-Bldg. 4A, located at     Philippines/Korea
Agreement with Berthaphil, Inc.)                                            products such as beauty and healthcare products, cotton, alcohol on     Berthaphil Clark Center, Jose Abad Santos,
                                                                            wholesale among others for 70% constructive export Philippine           Clark Freeport Zone, Philippines
                                                                            made products such as isopropyl alcohol, cotton balls, cotton balls,
                                                                            cotton rolls, sterile latex surgical gloves, bathroom tissue, cotton
                                                                            buds cotton balls to South Korea and other Southeast Asian
Palecek Imports, Inc. (Assignee of Emerald Commercial                       countries leased property for Central Office for the Asian Region
                                                                            To use the                                                              Bldg nos. 4021 and 4022, A. Centennial Road,              Philippines
Dragon Group, Inc.)                                                         including the operation of a regional communication center, for         CFZ
                                                                            showroom and trading office of current product lines (home
                                                                            accessories and furniture) and its materials and components, and
                                                                            production of prototypes of home accessories and furniture for re-
                                                                            export (not for resale into the local market).
Petron Corporation (Sub-lease Agreement with Commercial                     Exclusively for the establishment of a Gasoline Service Station         9,000 sq. m. located along M. A. Roxas Highway               USA
Wachovia Realty & Development)                                              purposes with a care facilities including convenience stores,           (In-bound) Clark Freeport Zone, Philippines
                                                                            restaurants and fast foods, concessionaire stalls/commercials
                                                                            establishment, administration office, public toilets, landscaping and
                                                                            utilities area




                                                                                                            Page 47
                 ENTERPRISE                                TYPE OF PROJECT                                PROJECTS                                                    ADDRESS                                 Nationality

Pilipinas Shell Petroleum Corporation (Sub-lease Commercial warehousing       Exclusively for the operation of a gasoline and service station and 3,500 sq. m., M. A. Roxas Highway, Clark             Philippines/United Kingdom
Agreement with Siccion Holding, Inc.)                                         other associated businesses only                                    Freeport Zone, Philippines

Philippine Exporters Foundation, Region III, Inc. Commercial                  Exclusively for the establishment of a lifestyle showroom; trading 1,543 sq. m. open space & 569.60 sq.m.                       Philippines
(Lease Agreement)                                                             houses; and pasalubong center manufactured products in Region III structure of Bldg. N3679, located along C. M.
                                                                              including but not limited to furnitures and home accessories, lantern, Recto Highway, Clark Freeport Zone, Philippines
                                                                              food products, etc. and Tourism café.


Phil. Pinoy Foodstuff Traders, Inc. (Sub-lease Commercial warehousing         Exclusively only for warehousing and repackaging of locally produce 180.75 sq. m., Unit 1B, Philexcel Business Park,               India
Agreement with Philexcel Business Park)                                       goods and merchandise for 100% export to South Africa, Middle Inc. Clark Freeport Zone, Philippines
                                                                              East and other Asian countries




Phoenix Gold Energy, Inc.,             Sub-lessee   of Warehousing            Office and warehouse for trading business and related business Unit 8B, M.A. Roxas Highway, CFZ, Phils.                         Philippines
Philexcel Business Park, Inc.                                                 activities only.

Powerstar Trading (Clark), Inc. (New Sub-lease Commercial/warehousing         Exclusively to engage in the importation, distribution, supply of     200 sq.m.,Unit 17B-C, Philexcel Business Park,       Philippines/Singapore
Agreement with Philexcel Business Park)                                       Exxon Mobil products including but not limited to mineral and         M. Roxas Highway, Clark Freeport Zone,
                                                                              synthetic lubricants (industrial, marine, aviation), chemicals,       Philippines.
                                                                              specialties (white oils) for 100% export and constructive export
                                                                              primarily to Hanjin Heavy Industries & Construction Co. Ltd as well
                                                                              as to other locators in Subic, Clark, and other Economic and
Premier Central, Inc.                                 Commercial              Freeport Zones.
                                                                              Establishment and Operation of a Commercial Shopping, Dining,         IE-5 area, CFZ, Philippines                               Philippines
                                                                              Exhibit Halls and Entertainment complex or a Commercial mall
                                                                              similar to SM Shopping Malls in Metro Manila.

 Prime Locator Trading (Sub-lease Agreement Commercial/warehousing            Exclusively for export Philippine Food beverage and cosmetic 30 sq. m., Bldg. 01A, Berthaphil I Compound, M.                    Philippines
with Berthaphil, Inc.)                                                        products to Middle East, Asia, Australia and Europe          A. Roxas Highway, Clark Freeport Zone, Phils


ProThrowbacks     General    Merchandise-Clark Commercial                     to sell imported ready-to-wear clothes and sports related items.      Puregold Duty Free, Inc. Store's expansion bldg           Philippines
Field Branch, Sub-lessee of Puregold duty Free,                                                                                                     C.M. Recto Highway, cor P. Kalaw St., CFZ,
Inc.                                                                                                                                                Philippines

Siccion Holdings,       Inc.   (SHI)    (New   Lease Commercial/warehousing   Exclusively to establish a gasoline service station including the 9,100 sq. m. located along M. A. Roxas Highway,               Philippines
Agreement)                                                                    following commercial facilities; convenience store, outdoor dining, Clark Freeport Zone, Philippines
                                                                              concessionaire stalls/commercial establishments, administration
                                                                              office, public toilets, landscapping & utilities.
S.R.T.J. Marketing (New Sub-lease Agreement Commercial/warehousing            Exclusively for warehousing and trading of various grocery products 68 sq.m. Bldg. 18C, Berthaphil Compound 1,                  Philippines
with Berthaphil, Inc.)                                                        for export to Middle East, Asia, Australia and Europe              Berthaphil Inc., corner Jose Abad Santos, Clark
                                                                                                                                                 Freeport Zone, Philippines

Value City Sales, Inc., Assignee of Royal Duty Commercial                     1) Duty Free Mall; 2) Store outlet/display/office warehouse; 3) To C.M. Recto Highway, CFZ, Pampanga.                            Philippines
Free Shops, Inc.                                                              engage in the repackaging of selected products such as chocolates,
                                                                              baby products and other health products for sale and /or distribution
                                                                              to other duty free shops in and outside of the zone; 4) Other related
                                                                              activities.
V & R Star Trading (New Sub-lease Agreement Commercial/warehousing            Exclusively only for warehousing and repackaging of local consumer 100 sq. m., Unit 17F Philexcel Business Park, M.              Philippines
with Philexcel Business Park)                                                 goods to the Middle East, South Africa and other Asian countries   A. Roxas Highway, Clark Freeport Zone, Phils.




                                                                                                               Page 47
                     ENTERPRISE                             TYPE OF PROJECT                                          PROJECTS                                                        ADDRESS                         Nationality

Wachovia Realty & Development Inc., (New Commercial/warehousing                          Exclusively to establish a gasoline service station including the 9,000 sq. m. openspace, corner Clark South               Philippines/USA
Lease Agreement)                                                                         following commercial facilities; convenience store, outdoor dining, Interchange and M. A. Roxas Highway Clark
                                                                                         concessionaire stalls/commercial establishments, administration Freeport Zone, Phils.
                                                                                         office, public toilets, landscapping & utilities.

Winning Touch International Marketing, Inc., Commercial                                  To operate a Duty Free shop at the DMIA Arrival and Departure DMIA Interim                  Passenger   Terminal,   CFZ      Philippines
Lessee of Clark International Airport Corporation                                        area for retailer/assortment of imported and local merchandise Pampanga


HOUSING PROJECT
ELD Land, Inc. (JVA b/w CDC & ELD Land Inc.)          Housing Project                    To engage in the rehablilitation of one hundred (100) housing units      CFZ, Philippines                                    Philippines
                                                                                         located at the vicinities of Redwood and Poplar Streets.
New Sampaguita Builders Construction (for Housing Project                                Rehabilitation of one hundred (100) housing units located at the         CFZ,Philippines                                     Philippines
Housing Projects)                                                                        Redwood and Poplar Streets, CSEZ, Pampanga.
Rikko Homes II, Inc. (DORMITORY)          Housing Project                                Affordable Dormitory/Lodging Facility with Support Amenities such        Bldg 2041, 2043 & 2062 Ninoy Aquino Avenue,         Philippines
                                                                                         as Canteen, Coffee Shop, Internet Café, Business Center, Foot            CFZ, Phillippines
                                                                                         SPA, Locker and Laundry Services
Rikko Homes, Inc..                                    Housing Project                    a) Rehabilitation of seventeen (17) dilapidated housing units for sub-   Manungal and Pinatubo Street, CFZ, Philippines      Philippines
                                                                                         lease b) Office Spaces c) construction of support amenities (i.e.
                                                                                         swimming pool, clubhouse and mini park).
INDUSTRIAL
2PI Technologies Inc. (Sub-lease Agreement Industrial Related Project                    Exclusively to manufacture wireless/microwave components,                200 sq.m, Unit 21G-H, Philexcel Business Park,      Philippines
with Philexcel Business Park)                                                            semiconductor devices and other electronic components at least           M.A. Roxas Highway, Clark Freeport Zone,
                                                                                         70% export.                                                              Philippines.
Aderans Philippines, Inc., Sub-lessee of Clark Industrial (Other Manufacturing)          Manufacturing of custom made wigs and other related products.            M.A. Roxas Highway, Clark Freeport Zone,               Japan
Premiere Industrial Park.                                                                                                                                         Philipppines

Agri Fruit Freezing Corporation                       Industrial (Other Manufacturing)   Food Processing Plant                                                    Building 7157, along C.M. Recto Ave., CSEZ,         Philippines
                                                                                                                                                                  Clark Freeport Zone, Philippines
All Fashion          Gloves,   Inc.   (Direct   Lease Industrial (Garments and Sewing) Manufacturing of leather gloves and leather accessories.                   Bldg. 7360 and Bldg 7361, corner A. Soriano      Philippines/France
Agreement)                                                                                                                                                        and P. Cruz Streets, CFZ, Philippines

Allkey Int'l. Inc.                                    Industrial (Garments and Sewing)     1). Electronics Assembly 2). Specialty Garments -cleanroom Bldg 7208, along Street D-17 and D-18, Clark                    Philippines
                                                                                         smocks and gowns for semi-conductor/electronics industry. 3). Freeport Zone, Philippines
                                                                                         Packaging-antistatic bags and special applications products. 4).
                                                                                         Container packaging - special shipping cartons supplies for semicon
                                                                                         industry. 5). Air filtration products. 6). Other related activities.


Amertron, Inc.          (Sub-lessee    of   Linaheim Industrial (Electronics) To engage in industrial warehouse and factory for the assembly of Bounded by Mitchell Highway, Old Coral St.,                              USA
Properties, Inc.)                                                             semi-conductor devices and other similar electronic products such Weston Ave., Ernest St., Hongkong Street and
                                                                              as high frequency modules for telecoms.                           the perimeter fence along Road 1 (facing Barrio
                                                                                                                                                Sapang Bato)
Angeles Garments Corporation - Sub-lessee of Industrial (Garments and Sewing) Manufacturing, exporting, importing at wholesale and retail such Unit 15C1,E124 Philexcel Business Park, Inc.                           Philippines
Philexcel Industrial Park                                                     goods as garments and other related business activities.          M.A. Roxas, CFZ, Philippines
Apex Intec Phils. Co. Ltd., Inc. formerly Du San Industrial (Electronics)                Conduct, and operate the business of manufacturing, processing, Bldg 7492 and 7471, CFZ Main Zone bounded                       Korea
Philippines Co. Ltd., Inc.                                                               exporting, buying and selling at wholesale: 1) Ceramic by J. Topacio and C.M. Recto Highway
                                                                                         capacitors/condensers and other similar parts and components of all
                                                                                         kinds and make for use in the electronics and telecommunications
                                                                                         industries; and 2) Polyethylene foam sheets, low and high density
                                                                                         polyethylene, anti static and conductive materials and other
                                                                                         protective cushion, packing foams water and sound proof heat-
                                                                                         insulation, packaging electronics and injection parts, high quality
                                                                                         packaging film and laminating films.
Apparel-Tech Int'l. Inc.                              Industrial (Garments and Sewing) Garment Manufacturing and other garment related activities.                Dyess Highway, IE1, CFZ, Philippines              Philippines/USA




                                                                                                                          Page 47
                   ENTERPRISE                            TYPE OF PROJECT                                          PROJECTS                                                       ADDRESS                              Nationality

Asialuxe Philippines, Inc.                         Industrial (Other Manufacturing)    To engage in manufacturing of jewelry and fashion accessories.         Along Bong Highway, IE1, Clark Freeport Zone,              France
                                                                                                                                                              Philippines
AT STEEL CO., INC. (New Sublease Agreement Industrial                                  Exclusively to import, supply and distribute steel sheets/coils and    5,436 sq.m., Unit 9A, Philexcel Business Park,           Philippines
with Philexcel Business Park)                                                          structural steel products (beams, plates, channels, angels) to clients Inc., M.A. Roxas, Clark Freeport Zone,
                                                                                       located and/or registered within Philippine Export Zone Authority      Philippines.
                                                                                       (PEZA), Subic bay Metropolitan Authority (SBMA), Clark Freeport
                                                                                       Zone (CFZ), and Board of Investments (BOI) as well as to service
                                                                                       and provide customer care to existing clients (i.e. CIAC, Hanjin,
                                                                                       Texas Instruments, PSPC, etc.) only".

BAGONG BUHAY INTL BOX CO. INC. (New             Industrial (Other Manufacturing)       Manufacturing of carton boxes for export.                               270 sq.m. Unit 8A, Philexcel Business Park Inc.         Philippines
Sublease Agreement with Philexcel Business Park                                                                                                                M.A. Roxas Highway Clark Freeport Zone,
Inc.)                                                                                                                                                          Philippines
Berthaphil, Inc.                                   Industrial (Other Manufacturing)    Establishment of a business park, catering to the following types of (former Horex Compound) along Jose Abad               British Virgin Islands
                                                                                       business among others: Information Technology Center; Business Santos Avenue, CFZ, Pampanga
                                                                                       Offices; Business Arcade similar to the Rockwell Center;
                                                                                       Administration and other support facilities; Warehouse/trading and
                                                                                       distribution; Light manufacturing; Mixed used Business and
                                                                                       Commercial Center; and Other related business activities.

Berthaphil, Inc. (Assignee of Philexcel Textiles, Industrial (Other Manufacturing)     Industrial Park Development.                                            M.A. Roxas Highway, Clark Freeport Zone,           British Virgin Islands
Inc.)                                                                                                                                                          Philippines

BI H&S (PHILS.) CORPORATION (BIHSPC)               Industrial                          Exclusively for the establishment of a manufacturing plant     15,000 sq.m., open space Prince Balagtas Ave.,                     Korea
(New Lease Agreement)                                                                  Semiconductor/LCD Materials Semiconductor/LCD Equipment, High- Clark Freeport Zone, Philippines.
                                                                                       density/Precise/Clean Semiconductor Materials, and Ceramic
Biosolutions, Inc. (New Sub-lease Agreement Industrial Related Project                 advanced material business. and assembly of medical equipment
                                                                                       Exclusively for consolidation                                  100 sq. m. Unit 16H, Philexcel Business Park, M.                 Philippines
with Philexcel Business Park)                                                          and supplies for export                                        A. Roxas Highway, Clark Freeport Zone, Phils.

BYRNES MOTOR TRUST RESTORATION, INC. Industrial                              Exclusively for importation of all kinds of vintage, classic and    8,365 sq.m. located at Bldg. 7175 Gil Puyat                            Australia
(New Sublease Agreement with Kita Corporation)                               modern classic and other repairable cars, jeeps, pickups and others Avenue, Clark Freeport Zone, Philippines.
                                                                             including accessories, tools and equipment for refurbishment,
                                                                             restorations, conversions and repair to be 100% exported back to
                                                                             Australia and other countries.
Candice Apparel, Inc. - Sub-lessee of L & T Industrial (Garments and Sewing) To engage in garment manufacturing for export only.                 A. Bonifacio Avenue corner J. Tinsay Street,                          Philippines
International Group Philippines, Inc.                                                                                                            CFZ, Philippines

Chitai Industry Philippines, Inc.                  Industrial (Other Manufacturing)    Investment casting (product lines include bicycle components, Gil Puyat Ave, IE1, CFZ, Philippines                                Taiwan
                                                                                       marine hardware and other parts intended for special purposes)

Citigloves, Inc. (Formerly City Leather Gloves, Industrial (Garments and Sewing) Manufacturing of leather fabric gloves & leather gloves accessories Palm Street,, Clark Freeport Zone, Philippines               Philippines/France
Inc.)                                                                            and other related activities.
Clark Agri-Tech, Inc.                              Industrial (Agro)                   Production of high value crops such as watermelon, cantaloupe,          located within the Clark Civil Aviation Complex,        Philippines
                                                                                       honeydew, asparagus                                                     CFZ, Philippines
Clark Premier Industrial Park                      Industrial (Other Manufacturing)    To engage in an Industrial Park predominantly for Japanese Hi-tech      Located at Industrial Estate 5 (IE5) Roxas          Philippines/Japan
                                                                                       Industries.                                                             Highway, Clark Freeport Zone, Philippines
COAM Phil. Inc.,        Sub-lessee   of   Philexcel Industrial (Other Manufacturing)   Establishment of a business engaged in the trading at wholesale,        M.A. Roxas Highway, CFZ, Philippines                    Philippines
Business Park, Inc.                                                                    sorting and recycling for 100% re-export of wearable clothing, wipers
                                                                                       and fibers using mixed rags/used clothing as raw materials.


COEX Incorporated                                  Industrial (Other Manufacturing)    Manufacture of COEX bottles (4 layers) and other types of single Bayanihan Street, CFZ, Philippines                             Philippines
                                                                                       layer plastic bottles using the latest state of the art equipment, with
                                                                                       the intention of supplying the agro-chemical industry here in the
                                                                                       Philippines and other ASEAN neighbors.




                                                                                                                       Page 47
                  ENTERPRISE                         TYPE OF PROJECT                                           PROJECTS                                                      ADDRESS                               Nationality

Conquest Philippines, Inc.                      Industrial (Garments and Sewing) Manufacturing of garments particularly ladies' dresses.                 located along Korean Industrial Park, M.L.          Philippines/British/ China
                                                                                                                                                         Quezon and C.M. Recto Highway, Clark Freeport
                                                                                                                                                         Zone, Philippines
Creamline Dairy Corporation                     Industrial (Other Manufacturing)   Production of ice cream, cones, confectionaries, juices and different Bldg 5270 along Claro M. Recto highway, CFZ,               Philippines
                                                                                   ice cream products to be marketed in the Philippines.                 Philippines
Crismina Garments, Inc. (Clark Project), Sub- Industrial (Garments and Sewing) Manufacturing, exporting, importing at wholesale and retail such Bldg 12A Philexcel Industrial Park, M. Roxas                        Philippines
lessee of Philexcel Textiles, Inc.)                                              goods as garments and other related business activities.             Highway 1961st Area, Clark Freeport Zone,
                                                                                                                                                      Philippines
Cumper International Corporation (Sub-Lessee Industrial (Other Manufacturing) Assembly and storage of brand new generator sets.                       Bldg 11A, Berthaphil Compound, Jose Abad                      Philippines
of Berthaphil, Inc.)                                                                                                                                  Santos Avenue, CFZ, Philippines
dBc Technologies Corp., Sub-lessee of Philexcel Industrial (Electronics)         Manufacture high quality RF and microwave components and Unit 21A-B, M.A. Roxas Highway, CFZ,                                   USA/Philippines
Business Park, Inc.                                                              subsystem for companies involved in telecommunications, satellite Philippines
                                                                                 and wireless communications.
Designs Apparel International, Inc.( Sub-lessee Industrial (Garments and Sewing) To engage in manufacturing of garments.                              Bldg. 7507, Clark Freeport Zone, Philippines                  Philippines
of Apparel Tech Int'l., Inc.
Dimla's Aggregates (Lease Agreement)            Industrial                       Exclusively for the establishment and operation of sand screening & 2 has.of land, bounded by Prince Balagtas Ave.,                Philippines
                                                                                 washing facility using rotating/vibro machine                        located along the Sacobia River bank within the
                                                                                                                                                      Clark Freeport Zone
Dizon Agro-Industrial, Inc.                     Industrial (Agro)                Orchard Project - the Lessee shall plant citrus tree (calamansi) and Ammo Dump area, near Clark Water Treatment                    Philippines
                                                                                 other fruit bearing trees. Before the fruit trees come to commercial Facilities and High Edge projects, CFZ,
                                                                                 production, short term crops maybe planted between the rows.         Philippines


East Asia Fashion Apparel Inc., Sub-lessee of Industrial (Garments and Sewing) Manufacturing of Assorted Apparel.                                           Bldg 7503 A. Bonifacio Avenue cor. J. Tinsay            Philippines
Nice Apparel Ltd. Co.                                                                                                                                       Street, CFZ, Philippines
Everest Casting Manufacturing Phils., Inc.    Industrial (Other Manufacturing) Production and manufacturing of marine hardware, bicycle and car             Bldg 7232 bounded by Gagaban St. and C.m.            Taiwan/Canada
                                                                               parts and accessories, aluminum alloys, stainless steel for special          Recto Highway, CFZ, Philippines
                                                                               purposes.
Everest Precision Casting Inc.                  Industrial (Other Manufacturing)   to engage in Investment Casting.                               Panday Pira Avenue, Industrial Estate I, Clark                Philippines/Taiwan
                                                                                                                                                  Freeport Zone, Philippines
Feng Ying Garments, Inc., Sub-Lessee of Nice Industrial (Garments and Sewing) Garments manufacturing of assorted apparel especially ladies skirt, Bldg. 7503 (Portion only), A. Bonifacio cor. J.            Philippines/China/ British
Apparel Ltd.                                                                  blouses and pants                                                   Tinsay Street, CFZ, Philippines
FIT-2-A-TEE APPAREL, INC. (New Sublease      Industrial                       Exclusively to establish a garments manufacturing, sub-contracting 1,008 sq.m., Unit 15B-1, Philexcel Business                        Philippines
Agreement with Philexcel Business Park)                                       and other textile products for export.                              Park, Inc., M.A. Roxas Highway, Clark Freeport
                                                                                                                                                  Zone, Philippines.
FRP COMPOSITE INTL CORP.                        Industrial                         Manufacture of light resin transfer method moulds and custom             Grant Street at Furniture Village (IE2), Clark      Japan/Philippines
                                                                                   mouldings for export.                                                    Freeport Zone, Philippines
Fuji Plastic Industry Phils. Inc.               Industrial (Electronics)           to engage in manufacturing, assembly, and sale of plastic molding        Ninoy Aquino Avenue, Clark Freeport Zone,                 Japan
                                                                                   products.                                                                Philippines
GENESEM PHILIPPINES INC., (New Sublease         Industrial                         Exclusively to engage in the business of conduct, and carry on the       136.80 sq.m. Utility Building, PSPC Compound              Korea
Agreement with Phoenix Semiconductor                                               business of manufacturing, selling, distributing, supplying, marketing   Centennial Road, Clark Freeport Zone,
Philippines Corp.)                                                                 at wholesale in so far as may be permitted by law, consumable            Philippines.
                                                                                   parts, components, tooling equipment, and all other kinds of goods,
                                                                                   commodities, wares and merchandise necessary and/or related to
                                                                                   the production of semi-conductor chips; to enter into all kinds of
                                                                                   contracts for the export, import, purchase, acquisition, sale at
                                                                                   wholesale and other disposition for it's own account as principal or
                                                                                   in representative capacity as manufacturer's representative,
                                                                                   merchandise broker, indentor,commission merchant, factors or
                                                                                   agents upon consignment of all kinds of goods, wares, merchandise
                                                                                   or porducts whether natural or artificial; and to set-up, operate and
                                                                                   maintain a tool shop and provide technical support necessary or
                                                                                   incidental to the foregonig manufacturing business .”

Global Sewing, Inc., Sub-lessee of Philexcel Industrial (Garments and Sewing) Manufacturing, exporting, importing at wholesale and retail such Bldg 11A, Philexcel Business Park, Inc., M.A.                        Philippines
Industrial Park, Inc.                                                         goods as garments and other related business activities.         Roxas Highway, CFZ, Philippines




                                                                                                                    Page 47
                   ENTERPRISE                                 TYPE OF PROJECT                                          PROJECTS                                                      ADDRESS                             Nationality

Golden Cane Furniture Mfg. Corp.                         Industrial (Furniture & Crafts)
                                                                               To engage in : 1) Manufacturing related activities 2) Dry storage 3) Bldg 2810, Mitchell Highway, Clark Freeport,                          Philippines
                                                                               Office space, showroom 4) Office cafeteria.                          Philippines
Golden Stone Garments, Inc. (Lease Agreement) Industrial (Garments and Sewing) Manufacture of wearing apparel and garments for wholesale nad along Lilly Hill Road, Gil Puyat Avenue, CFZ                             Philippines/Taiwan
                                                                               retail trading, ninety percent (90%) of which is for export and ten
                                                                               percent (10%) for the local market.

Great Fortune promise Company, Sub-lessee of Industrial (Other Manufacturing)               Trading and manufacturing of candles for export to Asian countries.
                                                                                                                                                              portion of bldg 7368 A. Soriano Sr. St., CFZ,                 Japan
Victoria Foods Company                                                                                                                                        Philippines
Great Sun Optoelectronics Corporation (with Industrial                                      Establishment of a facility for the design and manufacture of TFT Lot 8 & 9, bounded by Panday Pira Avenue and                  Taiwan
Amendment to the Lease Agreement)                                                           LCD monitors and television sets                                  Gil Puyat Highway, CFZ, Phls.

H3 Technology        Phils.,    Inc.,   Sub-lessee    of Industrial (Electronics)           Development, production and assembly of electronic components for Jose Abad Santos Avenue, CFZ, Philippines                   Philippines
Berthaphil, Inc.                                                                            the semi conductor industry including the provision for consultancy
                                                                                            services related thereto.
Hansa Toys Int'l Inc.                                    Industrial (Garments and Sewing) Manufacturing of toys for export and other related activities.           105th Place, IE1, Clark Freeport Zone, Phils.           Australia

HAITIMA CLARK CORPORATION (HCC) (Lease Industrial                                           Exclusively to establish a manufacturing plant for all kinds of va;ves, 15,000 sq.m., open space along M.A. Roxas         Philippines/Taiwan
Agreement)                                                                                  flanges, pipes, fittings and accessories of the same for export.        Highway (near Bureau of Customs Office), Clark
                                                                                                                                                                    Freeport Zone, Philippines.
HARNESS MASTER WIRING SYSTEMS                 Industrial                                    Exclusively for manufacture of wiring harness for mining equipment, 2,016 sq. m. Unit 12A, Philexcel Business Park,            Australia
(Sublease Agreement with Philexcel Business                                                 transport, equipment, marine and other large automotive machinery M. A. Roxas Highway, CFZ, Philippines
Park)                                                                                       for export.
HDL Clark Steel Pipe Co., Inc. (HCSPCI)(Lease Industrial                                    Exclusively for metal pipe fabrication plant such as but not limited to 200 sq.m., Bldg. 22a, Berthaphil Compound,              China
Agreement)                                                                                                                                                          Clark Freeport Zone, Philippines
                                                                                            carbon steel, APII5L carbon steel pipe amd API 5CT petroleum pipe
HDN Custom Works, Inc.                  (Sub-lessee   of Industrial                         Exclusively for restoration and building of classic cars & Unit 2B2, Philexcel Business Park, M. A. Roxas                Philippines/Norweigan
Philexcel Business Park)                                                                    motorcycles, buying and selling including importation of Highway, Clark Freeport Zone, Philippines
                                                                                            automobiles, parts, engines and materials to be use for the
                                                                                            assembly and 100% export the finished vehicle/motorcycles/product
                                                                                            abroad
HDP (CLARK) PHILS., INC. (New Sublease                   Industrial                         Exclusively to carry on the business of manufacturing, contracting,  Bldg. 02 Warehouse-C (500 sq.m.) Berthaphil              Philippines
Agreement with Berthaphil, Inc.)                                                            converting, fabricating, assembly, buying, selling, importing,       Compound V, Gil Puyat Avenue, Clark Freeport
                                                                                            exporting and in general trading and dealing in                      Zone, Philippines.
                                                                                            cardboard/paperboard, wood & metal products of all kinds for
                                                                                            commercial, industrial, household and other uses, and to establish &
                                                                                            operate such mills, factories, warehouses & facilities for such
                                                                                            business. To carry on the business of warehouse/logistics support
                                                                                            service as: importation/procurement, storage, deposit, processing,
                                                                                            maintenance & safekeeping of goods such as packaging materials,
                                                                                            goodpack bins, and other like & similar products, subsequent sale,
                                                                                            transfer or disposition to PEZA-registered, ecozone, Freeport zone
                                                                                            export enterprises and other/similar enterprises.”

House of Gold Jewelry manufacturing, Inc.                Industrial (Other Manufacturing)   Manufacturing of jewelries for export. Maximum 30% of their finished C.M. Recto Highway, CFZ, Philippines                       Korea
                                                                                            product may be allowed for sale for local market.
Hydrophonic Agriculture Development CorporationIndustrial (Agro)                          to engage in the actual propagation of planting materials of superior    located Along Gil Puyat Avenue near Mablacat        Philippines/Korea
                                                                                          variety of fruits, vegetable and other horticultural products: Several   Gate, CFZ, Philippines
                                                                                          green houses, laboratory, training room/classroom and display
                                                                                          room.
Ideal Fashion Inc.                                       Industrial (Garments and Sewing) Production and manufacture of wearing apparel and similar garment        Lily Hill Road, Gil Puyat Avenue, CFZ,             Philippines/Taiwan
                                                                                          products for export.                                                     Philippines
Igri (Clark) Industries, Inc.                            Industrial (Other Manufacturing) To engage in the manufacturing and assembly of watercraft (Jetski),      Road U Extension IE 1, Phase 2, Clark Freeport         Philippines
                                                                                          All Terrain Vehicles (ATV), golf and industrial vehicles, agribultural   Zone, Philippines
                                                                                          and construction equipment purposes.




                                                                                                                            Page 47
                   ENTERPRISE                           TYPE OF PROJECT                                           PROJECTS                                                     ADDRESS                             Nationality

INTERNATIONAL METALS MANUFACTURING OF              Industrial                         Exclusively for the manufacturing of stainless steel exhaust systems   450 sq. m. located at Platinum Fox Compound,              USA
PHILIPPINES LLC. INC. (New Sublease                                                   and stainless steel tube side steps for trucks and SUV's only for      Bayanihan St., Clark Freeport Zone, Philippines
Agreement with Platinum Fox Inc.)                                                     export.
JAMCOPHILIPPINES INC. (New Sublease                Industrial                         Exclusively to engage in the business of manufacturing aircraft parts 5,900 sq.m. / Building 01, Berthaphil V Industrial   Philippines/Japan
Agreement with Berthaphil, Inc.)                                                      and equipments and to provide other services necessary to carry out Park, Gil Puyat Avenue, Clark Freeport Zone,
                                                                                      the aforementioned or as may be incidental to such activities for     Philippines
                                                                                      (100%) export.
JET STAR LAB PHILIPPINES INC. (New                 Industrial                         Exclusively for manufacturing of dental porcelain, jacket crowns and 150 sq. m. Bldg. N2821 located at Platinum Fox              USA
Sublease Agreement with Platinum Fox Inc.)                                            all accessories for export.                                          Inc. Compound, Bayanihan St., Clark Freeport
                                                                                                                                                           Zone, Philippines
JLM1X Limited Company, Sub-lessee of Industrial (Furniture and Crafts) Wood works only.                                                 Unit 22F, M.A. Roxas Highway, CFZ, Philippines                              Philippines
Philexcel Business Park, Inc.
Keygold Manufacturing, Inc., Sub-lessee of Industrial (Garments and Sewing) Manufacture and export of garments, undergarments and other Panday Pira Avenue Extension, IE 1, CFZ,                                      British
Shunta International, Inc.                                                  wearing apparel.                                            Philippines
Kinetic Global Concepts, Inc.                      Industrial (Other Manufacturing)   1) Conduct of Post Delivery Inspection (PDI) of brand new vehicles 2512C along Ninoy Aquino Avenue, CFZ,                      Philippines
                                                                                      for transshipment from the Asian Region to be exported to                Philippines
                                                                                      Hongkong, China; 2) manufacture, modification and sale of
                                                                                      recreational vehicles such as, but not limited to, golf carts, and other
                                                                                      similar vehicles; health products such as, but not limited to, air
                                                                                      purifiers; and racing equipment and paraphernalia; 3) Modification,
                                                                                      bullet proofing, customizing, and sales of motor vehicles and
                                                                                      motorcycles; 4) Trading, warehousing, transshipping, import and
                                                                                      export of tools, parts and accessories of motor vehicles, motorcycles
                                                                                      and recreational vehicles; energy products; oil and lubricants; pain,
                                                                                      dyes and chemicals; aviation related products; purifiers; electronics
                                                                                      and electronics parts/accessories; entertainment equipment and
                                                                                      materials; and other general merchandise such as, but not limited to,
                                                                                      equipment, machinery, appliances, furniture and fixtures, food and
                                                                                      non-food agricultural products, health care products and such other
                                                                                      similar items except rice, "maling", wine, liquor and tobacco. It shall
                                                                                      be agreed and understood that at least 70% of the Lessee's gross
                                                                                      revenues from activities mentioned under Item 4 of Article I shall be
                                                                                      sourced from exports and that thirty-percent (30%) should be
                                                                                      sourced from local or domestic sales.

Kita Corporation                                   Industrial (Electronics)           1) Manufacturing and assembly of consumer electronic products e.g. Bldg No. 7170 along Elmore St. and Street E-1,             Philippines
                                                                                      T.V., Radio/Recorder, etc.; 2) Other related activities; and 3) Clark Freeport Zone, Philippines
                                                                                      Operation of plastic injection factory producing cabinets for TV sets
                                                                                      and auidio cassette and other related services.

Kita Corporation, Assignee of Response, Inc.       Industrial (Electronics)           1) General Warehousing, buying and selling of electronic parts, Maratt Highway bound on the South by Elmore                   Philippines
                                                                                      component and finished products with minor assembly and Street and by Street U in the North, Clark
                                                                                      operation and other related actitities; and 2) Operation of an Freeport Zone, Philippines
                                                                                      Expandable Poly Styrene (EPS) molding factory to produce styropor
                                                                                      that will be used for packaging of video and audio products.

Kolin-Syntax (Phils.) Export, Inc., Sub-lessee of Industrial (Electronics)            manufacturing and assembling goods such as: television sets, portion of bldg 7174 and portion of bldg 7178, Gil                 Taiwan
Kita Corporation                                                                      audio/video equipment, air conditioners , and other electronic Puyat Ave., CFZ, Philippines
                                                                                      equipment, product, apparatus or paraphernalia, and or other
                                                                                      household appliances and/or other goods or products, and to trade
                                                                                      the same on wholesale basis including import/export thereof.

Komiya Philippines, Inc.                           Industrial (Other Manufacturing)   Jewelry manufacturing for export.                                      Dau Avenue,      IE1,   Clark   Freeport    Zone,        Japan
                                                                                                                                                             Philippines




                                                                                                                       Page 47
                 ENTERPRISE                              TYPE OF PROJECT                                            PROJECTS                                                        ADDRESS                                 Nationality

Kosmic Clark Medical Company, Inc., Sub-lessee Industrial (Other Manufacturing)         to use the sub-leased property: As showroom, operation of medical located at Food Plaza Building, Metro Clark                 Japan/USA /Philippines
of MCIDC                                                                                equipment, marketing, sales and rental, supply of parts of medical Center, Pura Kalaw Ave., corner R. Magsaysay
                                                                                        equipment such as CT scanner, MIR X-ray, Ultrasound, Imaging Ave., CFZ, Philippines
                                                                                        Cameras and other related medical equipmnet only.
                                                                                        Warehousing, re-assembly, refurbishment, installation, repair,
                                                                                        maintenance and testing of medical equipment shall be done
                                                                                        exclusively at tis expansion site at Philexcel Business Park.

Kyowa Sonic Phils. Ltd. Inc.                       Industrial (Electronics)             a) Manufacture of CD-ROM and video-Cassette Cleaner Kits for along Bayanihan Street, CFZ, Philippines                                  Japan
                                                                                        export and constructive exports; b) Importation and trading of brand
                                                                                        new and/or surplus/second hand finished hospital, restaurant and
                                                                                        hotel equipment only.
Kyungil Tech Corp., Sub-lessee of Philexcel Industrial (Other Manufacturing)            Manufacturing of electromagnetic strips (EM) and de/reactivator unit Unit 21F, M.A. Roxas Highway, CFZ, Philippines              Philippines/Korea
Business Park, Inc.                                                                     for libraries and related business activities only.
LA Forge Designs, Inc. (Sublease Agrement with Industrial                               Exclusively to facilitate the design, production, manufacture and         1,032 sq.m. Bldg. 14 & 360 sq.m. parking area,                USA
Berthaphil, Inc.)                                                                       fabrication of lightings, furniture and other wrought iron products for   located at Berthaphil Inc., Clark Freeport Zone,
                                                                                        US buyers                                                                 Philippines.
LA ROSE NOIRE PHILIPPINES, INC. (New               Industrial                           Exclusively for production of bakery and pastry products for export.      6,349 sq. m. bounded by M. A. Roxas Highway           Hong Kong/Chinese
Lease Agreement)                                                                                                                                                  (Clark I.E.5 Area) Clark Freeport Zone,
                                                                                                                                                                  Philippines
L & K Industries Philippines, Inc.          ( Sub- Industrial (Electronics)             Manufacturing, importation and trading of electronic parts.               Industrial Estate 5 (IE5) Roxas Highway, Clark               Japan
lessee of Clark Premier Industrial Park) ****                                                                                                                     Freeport Zone, Philippines


L & T Int'l Group Philippines, Inc.                Industrial (Garments and Sewing) Garments/apparel manufacturing , washing, warehousing for export Wagner Avenue, Bissel Lane and 104th Place,                             Philippines
                                                                                    and other related activities.                                    IE1, Clark Freeport Zone, Philippines
Leather Asia, Inc. (formerly Manel's)              Industrial (Garments and Sewing) Operate, conduct and maintain the business of manufacturing, Bong Highway, IE1 , Clark Freeport Zone,                                    Philippines
                                                                                    importing, exporting, buying, selling or otherwise dealing in, at Philippines
                                                                                    wholesale and retail such goods as: leathergoods, handbags,
                                                                                    wallets, belts, etc.
Liberty Interiors International, Inc., Sub-lessee of Industrial (Other Manufacturing)   Manufacturing of furniture and associated warehousing purposes Unit 1C, M.A. Roxas Highway, CFZ, Philippines Philippines/British/ Australia
Philexcel Industrial Park, Inc.                                                         only.
Linaheim Properties, Inc.                            Industrial (Other Manufacturing)   To engage in: 1) Manufacturing/assembly of semiconductors, Bounded by Mitchell Highway, Old Coral St.,                Philippines
                                                                                        computer and parts, electronics and related activities; 2) Other high CFZ, Philippines
                                                                                        technology but light industries; 3) Office space and showrooms; 4)
                                                                                        Office/factory warehouses, cafeteria and other related activities.

Lucky Star Apparel Corporation (Assignee of Industrial (Garments and Sewing) To engage in the business of manufacturing of various types of Bldg. 7445 C.M. Recto Highway, CSEZ, Clark                               British/Canada/ Philippines
Dea-Robsens, Inc.)                                                           garments and to trade the same on wholesale basis.             Freeport Zone, Philippines
Magic Line Corporation, Sub-lessee of Mercury Industrial (Other Manufacturing)          Manufacture of fiber glass mannequins.                           Gil Puyat Avenue, Cor. Twinning                    Road         Philippines/French
Crystal Technologies, Inc.                                                                                                                               Extension, CFZ, Philippines
Mark Sensing Philippines, Inc. - Sub-lessee of Industrial (Other Manufacturing)         Production of thermal and other paper products and other related M. A. Roxas Highway, CFZ, Philippines                          Australia/Philippines
Philexcel Industrial Park, Inc.                                                         business activities.
Marlin Metal Crafters Enterprises, Sub-lessee of Industrial (Other Manufacturing)       Fabrication of sheet metal components; import and export of aircraft, Unit 9, M.A. Roxas Highway, CFZ, Philippines                   Philippines
Philexcel Business Park, Inc.                                                           aircraft parts, aircraft accessories, aircraft raw materials, aircraft kits
                                                                                        and shop tooling/machinery; motor vehcile kits; motor vehicle parts,
                                                                                        motor vehicle accessoreis; motor vehicle raw materials; and shop
                                                                                        tooling, tooling/machinery for export only.

Mecca Mfg. Phils. Inc.                             Industrial (Furniture & Crafts)      To engage in: 1) Furniture manufacturing and export, warehousing, Grant Street at Furniture Village (IE2), Clark                     Philippines
                                                                                        remodeling, finishing works and 2) Other related activities.      Freeport Zone, Philippines




                                                                                                                         Page 47
                 ENTERPRISE                             TYPE OF PROJECT                                          PROJECTS                                                     ADDRESS                               Nationality

Meisei Electric (Phils.) Corporation, Sub-lessee Industrial (Electronics)             Subcontracting in the manufacture of electronic components such as Bldg 21, Berthaphil compound, Jose Abad                        Japan
of Berthaphil, Inc.                                                                   stiffeners, insulation materials and its related works on outsourcing Santos Avenue, CFZ, Philippines
                                                                                      basis selling or otherwise dealing in, at wholesale/retail the finished
                                                                                      product for export (constructive and direct)

Micro Hi-Fi Solutions Inc., Sub-lessee of Kita Industrial (Electronics)               Manufacturing of goods such as headsets, headphones, speakers Bldg 7120 Gil Puyat, CFZ, Philippines                      Japan/Korea/Philippines
Corporation                                                                           and other related electrical components and to trade the same on
                                                                                      wholesale/retail basis.

MULTI-TEK FASTENERS INCORPORATED (New              Industrial (Other Manufacturing)   To engage in the manufacture, sale, and or export of different sizes, 15,043 sq.m. Open space with 10,517 Floor area             Taiwan
Lease Agreement)                                                                      make and types of screws, plugs, sockets, pipes, hubs, fastners.      (sq.m.) of first & second floor, along Gil Puyat
                                                                                                                                                            Ave., Clark Freeport Zone, Philippines
Nanox Philippines, Inc., Sub-lessee of Clark Industrial (Electronics)                 Assembly, production and trading of electronic parts, such as, but Phase I Lot C-1, Clark Premiere Industrial Park ,              Japan
Premiere Industrial Park, Inc.                                                        not limited to, Liquid Crystal Display (LCD) panels and modules as M.A. Roxas Highway, Clark Freeport Zone,
                                                                                      well as production of small, thin and lightweight Chip on Glass Philippines
                                                                                      (COG) modules and fiber optic lenses and electro-optical devices.

Netemala Limited Corporation (Sub-lessee of Industrial                                Exclusively for the manufacture, import and export of honey and Unit 17F, Philexcel Business Park, M. A. Roxas              Philippines/China
Philexcel Business Park)                                                              other related products to be exported to the United States      Highway, Clark Freeport Zone, Philippines

Nice Apparel, Ltd. Co.                             Industrial (Garments and Sewing) Garment manufacturing for export and other related activities.         Wagner Ave. cor. Bissell Lane, IE1, Clark Philippines/Hong Kong/Britain
                                                                                                                                                           Freeport Zone, Philippines


NORTH HAVEN PHARMACEUTICAL PHIL.,                  Industrial                         Exclusively for establishment of a manufacturing plant for           7,023 sq.m. open space,bounded by Aderans on              Philippines
INC. (New Lease Agreement)                                                            pharmaceutical preparations, contact lens solutions and other        the South, SMK & Nanox on the East and L & K
                                                                                      related products.                                                    on the North, Industrial Estate 5, Clark Freeport
                                                                                                                                                           Zone, Philippines

O & G Leather Manufacturing Corporation, Sub- Industrial (Garments and Sewing) Manufacture and production of leather items such as jackets, pants, Units 1A1, M.A. Roxas Highway, CSEZ, Clark                      Philippines/Italy
Lessee of Philexcel Business Park, Inc. (Bldg                                  bags and other similar products to be exported to Italy and other Freeport Zone, Philippines
4A1)                                                                           countries.
O.E.M. International Trading, Inc. (Sub-Lessee of Industrial (Furniture & Crafts)  Manufacturing of furniture and lighting fixtures and other related M.A Roxas Highway, CFZ, Philippines                            Philippines
Philexcel Industrial Park, Inc.)                                                   business activities.
Oak Leather Clark, Inc.                           Industrial (Garments and Sewing) Garments and leather gloves manufacturing for export               CFZ, Philippines                                            Philppines /Japan

Orchids World International, Inc.                  Industrial (Other Manufacturing)   To engage in propagation and distribution of orchid plants, planting Sacobia Area, CFZ, Philippines                            Philippines
                                                                                      of ornamental and fruit bearing trees, ornamental plants and sale of
                                                                                      plant accessories.
Outback Five Star Clark Philippines Inc. (Sub-     Industrial                         Exclusively to use and devote the leased area solely in connection 470 sq.m. #N7120 Gil Puyat Ave.,CFZ Phils.             Australian/Philippines
lessee of Kita Corporation)                                                           with and in the pursuit of its primary and main business which is for
                                                                                      the manufacture of automotive canopies, marine and automotive
                                                                                      fiberglass products for exports only

Pacific Carpet Manufacturing Corporaiton, Sub- Industrial (Other Manufacturing)       Manufacture of hand-tufted and machine-tufted carpet, rugs and Berthaphil compaound, Jsoe               Abad    Santos         Philippines
lessee of Berthaphil Business Park, Inc.                                              carpet yarn spinning purposes.                                 Avenue, CFZ, Philippines
Peninsula Fashion Int'l. Corp.                     Industrial (Garments and Sewing) Manufacture of garments, toys and clothing apparel, accessoreis, Bldg 7462 Korean Industrial Park, Bong and                       British HK
                                                                                    shoes and other related items.                                    Dyess Highway, Industrial Estate 1, Clark
                                                                                                                                                      Freeport Zone, Philippines
Pharmequin, Inc., Sub-lessee of Berthaphil, Inc.   Industrial (Other Manufacturing) Trading office for Pharmaceutical Human/Veterinary Products only. Bldg No. 17B, Berthaphil Compound, Jose Abad               Ireland/Philippines
                                                                                                                                                      Santos Avenue, CFZ, Philippines
Phil. Global Optic Media, Inc., Sub-lessee of Industrial (Other Manufacturing)        Manufacturing, production, duplication importing, exporting, buying, Bldg. 15, Jose Abad Santos Avenue, CFZ,                   Philippines
Berthaphil, Inc.                                                                      selling or otherwise dealing in, at wholesale and retail such goods Philippines
                                                                                      as DVD, VCD and other video and audio formats or any other
                                                                                      related products.




                                                                                                                      Page 47
                 ENTERPRISE                           TYPE OF PROJECT                                          PROJECTS                                                      ADDRESS                              Nationality

Philexcel Business Park, Inc. (Formerly Phil- Industrial (Other Manufacturing)      To engage in (1) Medium and lighjt manufacturing ; (2) Warehousing Mitchell Highway, Industrial Estate 2, Clark           British Virgin Islands
Excel Industrial Park, Inc.)                                                        and distribution; (3) Business offices; (4) Administration and other Freeport Zone, Philippines
                                                                                    support facilities; (5) Facilities for eating, medical and recreational
                                                                                    services which raise the well-being of workers; and (6) Other related
                                                                                    business activities.
PHILIPPINE SUNDT CONSTRUCTION &            Industrial (Other Manufacturing)         Office, storage, general construction and equipment rental with M.A. Roxas Highway, Clark Freeport Zone,
DEVELOPMENT CORP. (Sub-lesee of Philexcel)                                          fabrication of metal and wood materials and other related activities. Philippines
                                                                                                                                                                                                                   Philippines
Platinum Fox, Inc.                               Industrial (Other Manufacturing)   Manufacturing of adhesive tapes for constructive exports               Dau Avenue, Clark Freeport Zone, Philippines            Philippines

Poongsan Microtec Phils., Inc. (Formerly Industrial (Electronics)                   Manufacturing of lead frames and other semi-conductor products.        E. Quirino Street, CFZ, Philippines                        Korea
Poongsan Precision Phils., Inc. (Sub-lessee of
Lihaheim Properties, Inc.)
Prudence Development and Management Industrial (Other Manufacturing)                Production and storage of tobacco products for 100% export             Unit 4B-D,     M.A.    Roxas    Highway,   CFZ,    British Virgin Islands/
Corporation - Sub lessee of Philexcel Industrial                                                                                                           Philippines                                             Philippines
Park, Inc.
R.A.C. Global Ventures Asia Inc., Sub-lessee of Industrial (Other Manufacturing)    Engage in, operate, conduct and maintain the business of importing 22 H-I, M.A. Roxas Highway, CFZ, Philippines                   USA
Philexcel Business Park, Inc.                                                       bulk computers and electronics which will be subject to testing and
                                                                                    software updates before exporting to India, Cambodia, Thailand,
                                                                                    Vietnam and some for local sale only.

R.D. Policarpio & Co., Inc.                      Service Oriented                   Construction and operation of a cement baching plant.            located along B. Cabangbang Street (formerly A.               Philippines
                                                                                                                                                     Camelo Street or Road J), CFZ
RAPAT Industries Phil. Inc., Sub-lessee of Industrial (Other Manufacturing) Manufacturing, distribution, import & export of industrial and Bldg. 19, Philexcel Business Park, M.A. Roxas                               USA
Philexcel Business Park, Inc.                                                  agricultural equipment including materials handling and metal Highway, CFZ, Philippines
                                                                               fabrication. Sub-lessee shall export at least 70% of their finished
                                                                               product in order to be allowed registration and renewal as a CSEZ
                                                                               enterprise.
Robert Wallace Antiques, Inc., Sub-lessee of Industrial (Furniture and Crafts) Manufacture and restoration of antique furniture and fixtures such as Bldg 7119, Gil Puyat CFZ, Philippines                          Australia
Kita Corp.                                                                     but not limited to tables, chairs and cabinets for export to other
                                                                               countries and importation of all kinds/types of vintage cars, jeeps,
                                                                               pick-ups, etc. and their parts and accessories for refurbishment,
                                                                               restoration, and repair to be exported to Australia and other
                                                                               countries.
Sasayama Leather Manufacturing, Inc., Sub- Industrial (Garments and Sewing) Manufacture of leather goods such as gloves, utility bags, tool bags Unit 22A-E, M.A. Roxas, Highway, CFZ,
lessee of Philexcel Business Park, Inc.                                        for export to Japan, China and other countries.                       Philippines                                                      Japan
Semirecycling Co., Inc., (Bldg 7468)             Industrial (Other Manufacturing)   To engage in recycling of scrap PC's, mother board, electronic Bldg 7468, CFZ Main Zone bounded by C.M.                    Korea/Philippines
                                                                                    items, IT, Telecom and other equipment or parts with ferrous and Recto Highway, J Topacio St. and M.L. Quezon
                                                                                    non-ferrous metal content, IC trays, etc. and to trade the same on Ave., CFZ, Philippines
                                                                                    wholesale basis 70% of which is for Export.

SEVEN G.T. TECHNOLOGY CORPORATION                Industrial                         Exclusively to engage in manufacture of multi media and           100 sq. m. Bldg. 11B, Berthaphil I Clark Center,                Japan
(New Sublease Agreement with Berthaphil, Inc.)                                      phonographic accessories, lens cleaner, computer accessories, CD, Jose Abad Santos Avenue, Philippines
                                                                                    VCD, DVD, BLU RAY, cartridges, stylus (record player needle),
                                                                                    microphones, headphones, solar panels, and other audio and video
                                                                                    accessories.”
SG ECO Industries, Inc. Sub-lessee of Philexcel Industrial                          exclusively for the manufacture of solar skylights, solar lightings,   Unit 15A, Philexcel Business Park, Inc. CFZ,       Philippines/Australia
Business Park, Inc.                                                                 fixtures, components and acessories for export.                        Philippines
Smart Shirts (Phils.), Inc. (Formerly: J.G. Industrial (Garments and Sewing)        Production and storage of garments products and other related          Bldg. 25, M.A. Roxas Highway, Clark Freeport        Philippines/China
Garments (Phils) - Sub-lessee of Philexcel                                          business activities only.                                              Zone, Philippines
Business Park, Inc.
SMART SHIRT LTD. (SSL) REGIONAL                 Industrial Related Project          Exclusively to be used exclusively to oversee the overall operation    2,335 sq.m., Bldg. 25A, Philexcel Business Park,   Hongkong/Chinese
OPERATING HEADQUARTERS (New Sublease                                                of Smart Shirt (Phils.) Inc. (as a Regional Operating Headquarters)    M.A. Roxas, Highway, Clark Freeport Zone,
Agreement with Philexcel Business Park)                                             and related business activities only.                                  Philippines.




                                                                                                                    Page 47
                   ENTERPRISE                           TYPE OF PROJECT                                            PROJECTS                                                    ADDRESS                               Nationality

SMK Electronics (Phils.) Corp., Sub-lessee of Industrial (Electronics)                1) Manufacture, asembly and sale (export & domestic) of touch M.A Roxas Highway, CFZ, Philippines                                 Japan
Clark Premiere Industrial Park, Inc.                                                  panel glass display, jack, pin-jack, keyboard, remote control and
                                                                                      other related products; 2) Importation and trading of products not
                                                                                      actually manufactured by SMK Electronics (Phils.), subject, however,
                                                                                      to the following requirements: a) products to be imported and traded
                                                                                      are considered as raw materials of SMK customers; b) submission of
                                                                                      specific listing of products and their specifications, sources or places
                                                                                      of origin; c) payment to CDC of one percent (1%) of Gross Sales of
                                                                                      imported and traded products; d) Payment of duties for imported
                                                                                      products traded to the domestic market and/or local companies that
                                                                                      do not enjoy tax incentives/exemptions.


S'NEXT Philippines, Inc. (Sub-lease Agreement Industrial                              Exclusively to engage in the business of manufacturing of goods 5,640 sq.m. # 7170 El More Sts., Clark Freeport                   Japan
with Kita Corporation)                                                                such as headsets, headphones, speakers and other related electrial Zone, Philippines
                                                                                      components and to trade the same on wholesale basis

Sonimetrix, Inc.                                   Industrial (Other Manufacturing)   Manufacturing of electrical audio transducer, related products and Bldg 7168, bounded by C.M. Recto Highway,                    Australia
                                                                                      related activities.                                                CFZ, Philippines
SPT (PHIL.) CLARK CORPORATION (New                 Industrial                         Exclusively to engage in the manufacture, assembly and test of     4,872 sq.m., lot 30, Philexcel Business Park,                  Swiss
Sublease Agreement with Philexcel Business                                            precision tools mainly for the semiconductor industry.             M.A. Roxas Highway Clark Freeport Zone,
Park)                                                                                                                                                    Philippines.

Sumidenso     Automotive     Technologies    Asia Industrial (Electronics)                                                                              Jose Abad Santos and Bayanihan Strets, Clark                    Japan
                                                                                      Establishment and operation of technical center which designs
Corporation                                                                                                                                             Freeport Zone, Philippines
                                                                                      automotive wiring harness and other related automotive components

SUNTEST SEMI-CONDUCTOR PHILIPPINES                 Industrial                         Exclusively to engage in inspecting, cleaning and repairing burr-in    342. 4 sq.m. PSPC’s Utility Building, Panday Pira          Korea
CORP. (New Sublease Agreement with Phoenix                                            boards and test sockets used for the final test process of memory.     Ave. Cor. Creekside Road, Clark Freeport Zone,
Semiconductor Philippines Corp. (PSPC))                                                                                                                      Philippines.
Tanitec International Corporation, Sub-lessee of Industrial (Electronics)             Manufacturing and storage of specialized packaging materials for Bldg 10C, 8C, 21C, M.A. Roxas Highway, CFZ,                      Japan
Philexcel Business Park, Inc.                                                         plastic molding purposes and related business activities only.   Philippines

Technoalloy Tooling Technologies Clark, Inc. Industrial                               Exclusively to set up a 3-phase power machine shop with basic 200 sq. m. Bldg. 22a, Berthaphil Compound,                       Philippines
(Sub-lease Agreement with Berthaphil, Inc.)                                           conventional equipment for the manufacturing of tooling jigs and Clark Freeport Zone, Phils.
                                                                                      fixture to serve north based semiconductor and electronics
                                                                                      industries (e.g. Texas Instruments)
Technowood      Manufacturing       Corporation Industrial (Other Manufacturing)      Manufacture and export of Disposable Medical Devices such as, but located along Jose Abad Santos and Bayanihan                    Japan
(Formerly Tonokura Ika Kogyo Corp.)                                                   not limited to, Angiographic Catheters and Cardiosurgery devices Streets, Clark Freeport Zone, Philippines
                                                                                      and other relative products.

Telford SVC Phils., Clark Inc. (Sub-lease Industrial                                  Exclusively to engage in semi- conductor manufacturing services, 400 sq. m., Unit 8F, Philexcel Business Park,             Philppines/Singapore
Agreement with Philexcel Business Park)                                               principally taping, detaping, inspection, baking and other related Inc. M. A. Roxas Highway, Clark Freeport Zone
                                                                                      activities, in support for Texas Instrument (TI), Amertron, Tanitec
                                                                                      International Corp. OBC

TG Technology Phils. Corporation, Sub-lessee of Industrial (Other Manufacturing)      Engage in the business of manufacturing disposable surgery set,   CFZ, Philippines                                                Japan
Philexcel Business Park, Inc.                                                         medical accessories for medical equipment and apparatus and other
                                                                                      related goods of similar nature for export.

TGA Foods Corporation                              Industrial (Other Manufacturing)   to engage in Fish fillet processing plant and distribution facility.   C.M. Recto Avenue and Blue Diamond in front of          Philippines
                                                                                                                                                             Kita Corporation, CSEZ, Clark Freeport,
                                                                                                                                                             Philippines
VEII Export, Inc., Sub-lessee of Victoria Exports Industrial (Furniture & Crafts)     Marketing arm of victoria Export and Import, Inc. for export to portion of Victoria Export and Import showroom,                Philippines
& Imports, Inc.                                                                       international buyers.                                           Bayanihan Street, Furniture Village, CFZ,
                                                                                                                                                      Philippines




                                                                                                                         Page 47
                 ENTERPRISE                          TYPE OF PROJECT                                             PROJECTS                                                      ADDRESS                               Nationality

THAITIAN CIGARETTES AND TOBACCO          Industrial                                 Curing and processing of tobacco leaves and manufacturing of             2,260 sq. m., Buildings 07 & 08, Berthaphil I        Philippines/Chinese
CORPORATION (New Sublease Agreement with                                            tobacco products for export including tobacco products for export        Industrial Park, Jose Abad Santos Avenue, Clark
Berthaphil, Inc.)                                                                   including cigarettes.                                                    Freeport Zone, Philippines

Victoria Export & Import Inc.                   Industrial (Furniture and Crafts)   Manufacturing of furniture and other related activities.                 Grant Street, Furniture Village,     IE1, Clark          Philippines
                                                                                                                                                             Freeport, Philippines
Victoria Foods Company (Assignee of Lifeline Industrial (Other Manufacturing)       Labeling, repackaging, bottling and wrehousing of preserved food         Simon Street cor. Street L-2,        IE1,     CFZ,       Philippines
Medical Supply Corporation)                                                         products like nata de coco, macapuno, kaong, ube, garbansos,             Philippines
                                                                                    mixed fruits with beans, etc. as well as bee products such as honey,
                                                                                    soap, candles, etc. on various bottled consumer sizes such as 340
                                                                                    gms., 500 gms., pint size and quart size all in a bottled glass
                                                                                    containers
VISKASE ASIA PACIFIC CORP. (New Lease           Industrial                          Exclusively for the manufacturing, converting, shirring, printing,       39,960 sq.m. open space Lot 1-D, Industrial                 USA
Agreement)                                                                          exporting, importing, purchasing, selling, reselling, and distributing   Estate 5 (IE-5), M.A. Roxas Highway, Clark
                                                                                    cellulose, collagen and plastic casings and packaging materials.         Freeport Zone, Philippines.

Yok Impex Philippines, Inc.                     Industrial (Other Manufacturing)    Establishment of a Textiles and Garments Recycling Plant for Feati Street corner Street D-17, IE 1, Clark                         Philippines
                                                                                    sorting and 100% re-export of wearable clothing, wipers and fibers Freeport Zone, Philippines
                                                                                    using mixed rags/used clothing as raw materials.

Yokohama Tire Phils., Inc.                      Industrial (Other Manufacturing)    To produce, process, manufacture, purchase, import, export or Along IE 5, Clark Freeport Zone, Philippines                          Japan
                                                                                    otherwise acquire, own, sell, dispose of and generally deal in, and to
                                                                                    render any service in respect of, automobile, truck and aircraft tires,
                                                                                    tubes and other articles produced in whole or in part from rubber,
                                                                                    both natural and synthetic, compounds thereof, substitutes therefor,
                                                                                    substances having properties or uses similar thereto; and to
                                                                                    manufacture, import, export and sell tire manufacturing equipment
                                                                                    and tools, and all other rubber goods and automotive and aircraft
                                                                                    parts and accessories.
YOUTECH PHILIPPINES CORP., (New              Industrial                             Exclusively to engage in the business of assembling & repairing          155.70 sq.m. PSPC former construction office               Korea
Sublease Agrement with Phoenix Semiconductor                                        Actual Environment Test (AET) board, repairing various parts such        Centennial Road, Clark Freeport Zone,
Philippines Corp. (PSPC))                                                           as sockets, power supply, HORB, Multi Temperature Control (MTC)          Philippines.
                                                                                    heat box and other related products.
YUMI Clark Agro, Inc., Assignee of Hudrophonic Industrial (Agro)                    Actual propagation of planting materials of superior variety of fruits, Gil Puyat Avenue near Mabalacat Gate, CFZ,             Philippines/Korea
Agriculture Development Corporaiton.                                                vegetable inside the green houses and other horticultural products: Philippines
                                                                                    several green houses for the demonstration farm, laboratory,
                                                                                    training room/classroom and trading of planting materials and
                                                                                    modern agricultural equipment such as agricultural tractors,
                                                                                    irrigation system, greenhouses and others. Seventy percent (70%)
                                                                                    of what is imported or even sourced from local sources must be
                                                                                    exported. The 70%-30% ratio should be based on volume of goods
                                                                                    imported or bought locally and not on total business.


Information Technology
Advanpoint Inc. (New Sub-lease Agreement with Information Technology Related        Exclusively to provide outsourced call centre services specializing in 468 sq.m., Unit 7B Philexcel Business Park, M.              Palestine
Philexcel Business Park)                                                            customer relation management, including research, sales, customer A. Roxas Highway, Clark Freeport Zone,
                                                                                    care, technical support services, debt collection programs and Philippines
                                                                                    online programs in different languages and dialects on behalf of
                                                                                    major international companies operating in various industries.

Agatsuma Philippines, Inc. (New Sub-lease Information Technology Related            Exclusively for the manufacturing & exporting of semi-conductor 1,032 sq. m., Bldg. 21, Berthaphil Compound!,                       Japan
Agreement with Berthaphil, Inc.)                                                    devices and other electronic components                         Jose Abad Santos Avenue, Clark Freeport Zone,
                                                                                                                                                    Philippines




                                                                                                                      Page 47
                ENTERPRISE                           TYPE OF PROJECT                                            PROJECTS                                                      ADDRESS                            Nationality

Alphasure Research Incorporated (Sub-lease Information Technology Related         Exclusively for research and manufacture of solar encapsulation 300 sq. m.& 468 sq.m., Bldg. 06B, Berthaphil Philippines/Austria/Germany
Agreement with Berthaphil, Inc.)                                                  films, and other similar products for export                    Compound I, Jose Abad Santos Ave., Clark
                                                                                                                                                  Freeport Zone, Phils.
Ausphilsolution     Corporation     (Sub-lease Information Technology Related     Exclusively to engage in the business of call, customer service or 199 sq. m. room 2, Business Arcade 2, Philexcel               Australia
Agreement with Philexcel Business Park)                                           contract center foreign clients and markets. This will include inbound Business Park M. A. Roxas Highway Clark
                                                                                  customer service that will include but not limited to processing of Freeport Zone, Philippines
                                                                                  transactions of clients, outbound customer service will include
                                                                                  selling long distance service of clients

Bustechcomm Call Center (Sub-lease Agreement Information Technology Related       Exclusively as a support to their mother company in United               75 sq.m. Room 6, Philexcel Business Center 2,          Philippines
with Philexcel Business Park, Inc.)                                               Kingdom, call center service/telemarketing for United Kingdom            Philexcel Business Park, Inc., M. A. Roxas
                                                                                  companies/interaction between companies are done thru/via voice          Highway, Clark Freeport Zone, Philippines.
                                                                                  over the phone.
Cekor Technologies Philippines, Inc., Sub-lessee Information Technology Related   Provide services for and operate as a call center consulting Room 12 and 14, BC1, M.A. Roxas Highway,                        Philippines/USA
of Philexcel Business Park, Inc.                                                  company offering array of services to be used in setting up a call CFZ, Philippines
                                                                                  center business here in the Philippines, such as designing &
                                                                                  implementing strategic cost efficient solutions that work in today's
                                                                                  most intircate call center environment, providing advanced
                                                                                  equipment, personnel productivity tools and also involves in
                                                                                  developing software custom design to cater each needs of clients.

CFZ Semitool, Inc. (New Sub-lease Agreement Information Technology                Exclusively to engage in the service and repair of Semitool Inc.'s       500 sq. m. Clark Center 2, Berthaphil Compound            USA
with Berthaphil, Inc.)                                                            semiconductor equipment at the Texas Instruments Plant in Clark          III, Jose Abad Santos Avenue, Clark Freeport
                                                                                  and fabrication plant for other customers in the Clark Freeport Zone.    Zone, Philippines
                                                                                  CFZ Semitool, Inc. will sell, build and install the tools/equipment at
                                                                                  Clark Freeport Zone customer's sites and will support them during
                                                                                  their warranty period.
CHUNG RAM INTERNATIONAL LANGUAGE                Information Technology Related    Exclusively as an On-line English language tutorial facility for         365 sq. m. Bldg. 2515 Philippine Cyber Techno            Korea
CENTER, INC. (New Sublease Agreement                                              Korean students.                                                         Park, Clark Freeport Zone, Pampanga
Infinno, Inc.)

Clark Data Center, Inc.(Expansion)              Information Technology Related    Temporary storage facility.                                              Bldg 7365,    A.   Soriano   Sr.   Street,   CFZ,      Philippines
                                                                                                                                                           Philippines
Clark Data Center, Inc.(formerly named PDSI) Information Technology Related       General electronic data processing and computer services only.           Bldg 7374, Along Maratt Highway, Clark Freeport        Philippines
(Bldg 7374)                                                                                                                                                Zone, Philippines

Clark Digital Valley Corp. (New Sublease Information Technology Related           Exclusively to engage in the business of operating call centers for 7,272 sq. m. Bldg. 02-A, Berthaphil Compound             Philippines/Korea
Agreement with Berthaphil, Inc.)                                                  the purpose of fielding and managing incoming calls related to V., Gil Puyat Avenue, Clark Freeport Zone,
                                                                                  customer services, making and managing outgoing calls for sales, Philippines
                                                                                  customer service, direct response and back office support and
                                                                                  educating language and other similar functions and services
Clark Sage Call Center, Inc. (Sub-lease Information Technology Related            Exclusive to provide business process outsourcing services to client 69 sq.m. Unit 1F-5, Philexcel Business Center M.         Philippines/US
Agreement with Philexcel Business Park)                                                                                                                A. Roxas Highway, Clark Freeport Zone,
                                                                                                                                                       Philippines.
Clark-Subic   Marketing     (New      Sub-lease Information Technology Related    Exclusively for the development and operation of a Web Portal to 72 sq. m. stall no. 6,Lillyhill Plaza, C. M. Recto             Philippines
Agreement with Land Bank of the Philippines)                                      provide marketing services exclusively for Clark and Subic locators Highway, Clark Freeport Zone, Philippines
                                                                                  engaged in hotels, restaurants, leisure parks and other tourism
                                                                                  related businesses.




                                                                                                                   Page 47
                ENTERPRISE                            TYPE OF PROJECT                                         PROJECTS                                                    ADDRESS                         Nationality

Comclark Network and Technology Corp.           Information Technology Related     1) Cable Television Network and Information Technology Solutions; Manuel A. Roxas Highway, Clark Freeport Zone,        Philippines
                                                                                   2) Office Depot; 3) Business Center; 4) Management Consultancy; Philippines
                                                                                   5) Internet Service Provider; 6) Comclark Executive Offices; 7)
                                                                                   Lease Lines; 7.1 International Private Lease Lines (between a
                                                                                   locator within CSEZ and any site outside of the Philippines) 7.2
                                                                                   National Private Lease Lines (between a locator within CSEZ and
                                                                                   any site outside of Clark but within the Philippines) 8) Inter
                                                                                   Exchange Carrier (ICX) - wherein Comclark shall provide the
                                                                                   telecommunication link between an enfranchised carrier within the
                                                                                   CSEZ and any other telecommunication entity outside of Clark Field;
                                                                                   9) Other telecommunication services (except telephony and
                                                                                   International Gateway Facility) for the special requirements of
                                                                                   locators within the CSEZ; and 10) Commercial importing, exporting,
                                                                                   warehouse/trading, and transshipmetn of business office related
                                                                                   wares, merchandise and commodities such as, but not limited to,
                                                                                   electronic equipment, hardwares, appliances, communication
                                                                                   systems, telephone units, fax machines, PABX, other office supplies
                                                                                   and others which are necessary and used in carrying out the usual
                                                                                   business operations of the Lessee.

COMSTECK INTEGRATION ALLIANCE, INC.             Information Technology             Provide network related services including turnkey solutions from      35 sq.m. (more or less) of 3 storey Bldg. of    Philippines
(New Sublease Agreement with Comclark                                              conceptualizing, designing and implementation of projects, offers full ComClark Building M.A. Roxas Highway, Clark
Network and Technology, Inc.)                                                      range of prodcuts from poles, pole hardware (clamps, bolts, etc.),     Freeport Zone, Philippines.
                                                                                   batteries, cables (copper & fiber optics), radio frequency (RF)
                                                                                   connectors, RF actives & passive, optical accessories, servers, high
                                                                                   end routers network peripherals, software requirement and down to
                                                                                   the customer premise equipments (desktops, etc.) by itself or
                                                                                   through local or foreign partners and engineering services from
                                                                                   cable construction to termination of the preferred medium, and RF
                                                                                   related works.
Cyber City Teleservices (Phils.) Inc., Sub-lessee Information Technology Related   to carry out its businees of Operating a Call Center and other Facility Nos. 2524, 2525, 2526, and 2527 Cyber             USA
of Cyber City Teleservices Ltd.                                                    Business Process Outsourcing (BPO) services utilizing information City Park, Apo Court, Sergio Osmena Road,
                                                                                   and telecommunication technology.                                 CFZ, Philippines
Cyber City Teleservices L.T.D. (Sub-lessee of Information Technology Related       to use the sub-leased property for Call Center and Telemarketing Bldg 5250 Samat St. CFZ, Philippines                     USA
Philippine Cyber Technopark Corporation)                                           Services.
Cyber City Teleservices, L.T.D. (Direct LA w/ Information Technology Related       To engage in the operation of a Call Center, Teleservices and other located at the Apo Court along Sergio Osmena          USA
CDC)                                                                               Information Technology (IT) related services to the foreign market. Street, CFZ, Philippines

Digital Telecommunications Philippines, Inc.    Information Technology Related     To engage in:         Business office for the          provision of along Jose Abad Santos Avenue and Manuggal         Philippines
                                                                                   telecommunication and related services including the   establishment, Street, CFZ, Philippines
                                                                                   operation and maintenance of telecommunication          facilities and
                                                                                   networks in the CSEZ
Digitel Mobile Phils., Inc. (DMPI) (New Lease Information Technology Related       Installation, operation and maintenance of a           cellularbase CDC existing siren post within 42 sq.m., open      Philippines
Agreement)                                                                         transceiver station                                                  space and 15 sq. m. space within the portion of
                                                                                                                                                        the existing radio room at the FM Hill Tower,
DJ Network Inc., (New Sub-lease Agreement with Information Technology              Exclusively to provide customer contact management solutions, located along Jose Abad Santos Highway, Clark
                                                                                                                                                        100 sq. m. Unit 1A-1, Philexcel Business Park,    Philippines
Philexcel Business Park)                                                           customer service and support, technical support or warranty, Clark Freeport Zone, Philippines
                                                                                   inbound and outbound sales, customer relations, marketing surveys
                                                                                   and research, crisis management, and other key business
                                                                                   applications through multiple communications channels including
                                                                                   but not limited to phone, e-mail, web and chat for domestic and
                                                                                   foreign corporation organizations and all other services and support
                                                                                   necessary and required to the proper conduct and operation of a
                                                                                   customer contact management solutions and services.




                                                                                                                   Page 47
                ENTERPRISE                           TYPE OF PROJECT                                            PROJECTS                                                          ADDRESS                                 Nationality

Eagle Sky Tech Co., Inc. formerly British Grand Information Technology Related    Information Technology (IT) related activities such as the operation Bldg N7269, CFZ, Philippines                                 Philippines/China/Canada
Vision International Co., Inc., Sub-lessee of                                     and maintenance of internet data centers, internet services such as
Transglobal Airways Corporation (CIAC Area)                                       providing animated, simulated and interactive internet gaming
                                                                                  services exlusively for regional, global market and co-location
                                                                                  service.
Eagle Sky Tech. Co., Inc. formerly British Grand Information Technology Related   Information Technology (IT) related activities such as the operation E. Andrew St., CFZ, Philippines                              Philippines/China/Canada
Vision International Co., Inc., Sub-lessee of                                     and maintenance of internet data centers, internet services such as
Transglobal Airways Corporation                                                   but not limited to providing animated, simulated and interactive
                                                                                  internet gaming services exclusively for regional and global market
                                                                                  and co-location service, development of computer hardware and
                                                                                  software solutions for export such as but not limited to the
                                                                                  processing and/or storage of voice, data, audio, video, music,
                                                                                  electronic games and all kinds of information and knowledge
                                                                                  through the use of computer technologies, internet broadband or
                                                                                  media presently available or to be subsequently made available
                                                                                  through technical advances in the future.

Elucky Asia Corporation (New Lease Agreement) Information Technology Related      Exclusively for ICT and other complementary ICT related activities to 3,658 sq. m., open space and 2,042 sq. m. floor                Philippines/Korea
                                                                                  wit; to provide, operate, distribute, acquire, purchase and develop area, along Claro M. Recto Highway, Clark
                                                                                  computer hardware and software, solutions and electronic games, to Freeport Zone, Philippines
                                                                                  provide animated, simulated and interactive gaming services
                                                                                  exclusively for regional and global market and co-location service; to
                                                                                  provide, manage, distribute and operate all kind of information and
                                                                                  knowledge, whether known or to be developed, through the use of
                                                                                  computer and electronic technologies, including those relating to
                                                                                  tourism, recreational services, hotel resource management, resort
                                                                                  development and enjoyment and other leisure services, and to
                                                                                  export from and to import into the Republic of the Phils., and any all
                                                                                  countries foreign thereto, as principal or agent, the knowledge,
                                                                                  products and results of all the above services

ENPLAS TESCO TECH SERVICES (PHILS.) Information Technology Related                Exclusively to provide technical services and support, including 400 sq.m. Bldg. 22 B & C, Berthaphil Compound
(New Sublease Agreement with Berthaphil                                           QA/QC testing and R & D to semiconductor companies in the CFZ    I, Jose Abad Santos Avenue, Clark Freeport
Business Park)                                                                                                                                     Zone, Philippines

EPIC Clearwaters, Inc. (Sub-lease Agreement Information Technology Related        To engage in the business activities related to the trading of               1,080 sq. m. Bldg. 10 Berthaphil Compound I,            Philippines/Japan
with Philexcel Business Park)                                                     activated carbon, said activity involves sourcing of locally available       Jose Abad Santos Avenue, Clark Freeport Zone,
                                                                                  raw materials, specifically activated carbon, processing and                 Philippines
                                                                                  exporting the same to other countries (primarily to Japan & China
                                                                                  and to import high-grade ceramics blocks (as intermidiate raw
                                                                                  materials)from Japan for processing/mixing with locally-sourced
                                                                                  activated      carbon      to    produce     a      water       filtration
                                                                                  medium/commodity/product for export to different countries
E-Telecare Clark Services, Inc. (formerly AOL Information Technology Related      To provide customer support related services to affiliated and non-          CFZ, Philippines                                              USA
Member Services-Philippines, Inc.)                                                affiliated customers or clients of the Corporation to facilitate access
                                                                                  to and use of interactive services.

GFL SYSTEMS CLARK INC. (New Sublease            Information Technology Related    Exclusively to engage in software and web design and development 142 sq.m., Unit 1F-1 Philexcel Business Center                         Philippines
Agreement with Philexcel Business Park)                                           and perform technical support and quality assurance services to its 6, Philexcel Business Park, M. Roxas Highway,
                                                                                  customers in North America and other foreign countries              Clark Freeport Zone, Philippines.

GLOBE TELECOM, INC. (New Sublease               Information Technology Related    Installation of a pico cellular site to boost cellular signal within the     1st flr. Of the entire Bldg. inside Puregold Duty          Philippines
Agreement with Puregold Duty Free, Inc.)                                          building.                                                                    free, Inc. Bldg.,C.M. recto Highway, cor. P. Kalaw
                                                                                                                                                               St., Clark Freeport Zone, Philippines.




                                                                                                                     Page 47
                 ENTERPRISE                           TYPE OF PROJECT                                            PROJECTS                                                      ADDRESS                               Nationality

Greenlights Systems Services Incorporated (New Information Technology               To engage in software application development, website design,       69 sq.m. Unit 1F-5, Philexcel Business Center 3,         Philippines/British
Sublease Agreement with Philexcel Business                                          website hosting, data center fulfillment, programming of servers and Philexcel Business Park, Inc. M. Roxas Highway,
Park Inc.)                                                                          other related activities.                                            Clark Freeport Zone, Philippines.

HBA DESIGN (PHILIPPINES) INC. (New               Information Technology             Exclusively to undertake computer aided design and 3D rendering          Room 2, 3 & 4 , Philexcel Business Arcade 3,       Philippines/Switzerland
Sublease Agreement with Philexcel Business                                          for 100% export. Service lines may include, but not limited to           Philexcel Business Park Clark Freeport Zone,
Park)                                                                               engineering plans, drawings, comprehensive design and                    Philippines
                                                                                    specification for all types of facility design.

Healthoffice (Philippines), Inc. (Sublease       Information Technology             Exclusively to engage in the medical ancillary support services         Unit 2B1 Philexcel Business Park, Inc., M. A.       Philippines/Switzerland
Agreement with Philexcel Business Park)                                             business, including but not limited to provision of medical             Roxas Highway, Clark Freeport Zone,
                                                                                    transcription, transcription editing and medical coding services and Philippines
                                                                                    any other such services as may be determined from time to time that
                                                                                    should be provided to providers of health care services, whether
                                                                                    provider organizations, hospitals, clinics or medical practitioners, in
                                                                                    countries including, but not limited to USA, UK, Ireland, Australia
                                                                                    and any other countries as shall be deemed to be in the strategic
                                                                                    interest of the company.
HK ADVANCE WEB TECHNOLOGY                        Information Technology Related     Exclusively to engage in information technology business process         138 sq.m. Room 15, Philexcel Business Center 1,            French
PHILIPPINES INC. (New Sublease Agreement                                            outsourcing services such as web design, software development            Philexcel Business Park, Inc., M. A. Roxas
with Philexcel Business Park)                                                       and other related services.                                              Highway, Clark Freeport Zone, Philippines

ICS ICT SUPPORT SERVICES CORP. (New              Information Technology Related     To provide systems integration covering procurement of IT software,      516 sq.m. Bldg. 19-A, Berthaphil Compound I,             Philippines
Sublease Agreement with Berthaphil, Inc.)                                           hardware (PC's, servers, notebooks, networking solutions), to            Jose Abad Santos Ave., Clark Freeport Zone,
                                                                                    provide customized IT solutions, services & maintenance for both IT      Philippines
                                                                                    hardware & software for customers' specific computing needs, to
                                                                                    provide technology infrastructure related to IT processes and
IQOR (formerly Intellirisk Philippines, Inc., Sub- Information Technology Related   Designing, implementing and operating certain business process           2nd floor, Bldg 36 & 37, Jose Abad Santos                   USA
lessee of Berthaphil, Inc.)                                                         with the use of electronic means as well as telecommunications to        Avenue, CFZ, Philippines
                                                                                    enable clients, primarily those located in other countries, to sharpen
                                                                                    their strategic business focus, while improving the performance of
                                                                                    these non-core business activities. To provide bookkeeping,
ISENSORS, INC. Sub-lease Agreement with Information Technology Related              Manufacturing, assembly, research billings and collection treasury,
                                                                                    receivable and payables processing, an development of information        Bldg. 18-A, Berthaphil Compound 1, Jose Abad                USA
Berthaphil, Inc.                                                                    and communication technology enabled equipment, such as the              Santos Avenue, CFZ, Phils.
                                                                                    simple network management protocol-based environmental and
                                                                                    monitoring equipment for disaster prevention and infrastructure
                                                                                    security inside the Clark Freeport Zone

IVOLINE CONTENTS CENTER INC. (ICCI) (New Information Technology Related             Exclusively for the establishment of an Information Technology (IT)      7,968.37 sq.m., openspace and Bldg.5272 with               Korea
Lease Agreement)                                                                    Building with the following facilities:   *English Academy for           floor area of 3,733 sq.m., along C.M. Recto
                                                                                    Koreans and other Foreign Students         * Office-tel (Office hotel)   Highway, CFZ, Phils., and adjacent to the leased
                                                                                    and *IT Business Center.                                                 property of Creamline Dairy, Clark Freeport
                                                                                                                                                             Zone, Philippines.

KAMPILAN BPO INC. (New Sublease Agreement Information Technology Related            Exclusively for custom and contract software development for U.S.        100 sq.m., Unit 1A1, Philexcel Business Park,         Philippines/USA
with Philexcel Business Park)                                                       based clients. Medical BPO including call center and data entry.         Inc. M.A. Roxas Highway, Clark Freeport zone,
                                                                                                                                                             Philippines.

Microtel Global Solutions, Inc. Sublessee of Information Technology                 exclusively to engage in conduct, operate, and carry on the Unit 16 J-K, Philexcel Business Park, Inc., CFZ,                   Philippines/USA
Philexcel Business Park, Inc.                                                       operation of a business process outsourcing (BPO)/call center Philippines
                                                                                    including both inbound and outbound calls, marketing and survey
                                                                                    campaigns, data communications and IT Support, professional
                                                                                    services and knowledge management support




                                                                                                                      Page 47
                ENTERPRISE                           TYPE OF PROJECT                                           PROJECTS                                                        ADDRESS                           Nationality

Momentum Data East-Philippines, Inc., Sub- Information Technology Related         To engage in technology services including technology outsourcing, Room 8, Philexcel Business Park, BC2, M.A.                Philippines/USA
lessee of Philexcel Business Park, Inc.                                           business process outsourcing, electronic commerce, and system Roxas Highway, CFZ, Philippines
                                                                                  integration, development, installation, and operate technology
                                                                                  solutions for several different industries catering to continuous
                                                                                  improvements in technology and business processes, and adapt to
                                                                                  emerging technologies and processes.

NANUM TALKING ONLINE CORPORATION                Information Technology Related    Exclusively to engage in English language tutorial services to            104 sq.m., Unit 1F-6 Philexcel Business Center     Philippines/Korea
(New Sublease Agreement with Philexcel                                            foreign nationals through the use of the telephone and all kinds of       6, Philexcel Business Park, M. Roxas Highway,
Business Park)                                                                    web-based interactions, exporting English contents for on-line            Clark Freeport Zone, Philippines.
                                                                                  services.
NCO Phils. Clark, Inc. (New Sub-lease Information Technology                      To engage in the provision of call center and business process            2,000 sq. m. 1st Bldg. Philexcel Business Center   Philippines/USA
Agreement with Philexcel Business Park, Inc.                                      outsourcing services including, but not limited to, technical support,    4 & 3,072 sq. m. 2nd Bldg. Philexcel Business
                                                                                  help desk, customer care, sales, collections and other customer           Center 5, Philexcel Business Park, Inc. M.
                                                                                  support                                                                   Roxas     Highway,     Clark   Freeport    Zone,
                                                                                                                                                            Philippines
Norman Bernard Solutions, Inc.                  Information Technology Related    Engage in the business of research and development of computer            CFZ, Philippines                                       Australia
                                                                                  technology, hardware and software for all types of applications,
                                                                                  building database for use in information technology; providing
                                                                                  services like systems conversion, information content development,
                                                                                  data encoding, information technology solutions and otherwise
                                                                                  providing all types of information related services.

OWENSBPO, INC, (New Sublease Agreement          Information Technology Related    To engage in the business of Information Technology ("IT") and IT         207 sq.m., Unit 1F1, Philexcel Business Park 3,          USA
with Philexcel Business Park, Inc.)                                               enabled services primarily to foreign markets/clients including but       Philexcel Business Park, M.A. Roxas Clark
                                                                                  not limited to: international credit and background investigation,        Freeport Zone, Philippines
                                                                                  management interview, data gathering, information verification
                                                                                  including but not limited to residency, public records, bankruptcies
                                                                                  civil court judgements, electoral registry and credit opinion.

Philippine Multi-Media System, Inc.             Information Technology Related    To establish a Digital Broadcast Facility (Satellite Direct to Home Building No. 12350, Civil Aviation Complex, CFZ,            Philippines
                                                                                  (DTH) cable TV service facility)                                    Philippines

PJI Global Solutions, Inc. ( New Sub-lease Information Technology Related         Exclusively to provide services for and operate as an outsourcing 55 sq. m. Unit 2A3-6, Philexcel Business Park,             Philippines/USA
Agreement with Philexcel Business Park)                                           company for US based companies offering an array of services M. A. Roxas Highway, Clark Freeport Zone,
                                                                                  specializing in back office work and knowledge process outsourcing Phils.
                                                                                  solutions in insurance, financial and accounting, human resources
                                                                                  and information technology
Powernix Corporation (Sub-lease Agreement Information Technology Related          Exclusively to engage in the manufacture of electrical materials, 462.02 sq. m., bldg.+ 193.32 sq.m. Lot of Unit      Korea
with Philexcel Business Park)                                                     tools and equipment for 70% export to other countries             11A1, Philexcel Business Park, Inc. M. A. Roxas
                                                                                                                                                    Highway, Clark Freeport Zone, Phils.
Prechart Software, Inc., Sub-lessee of Philexcel Information Technology Related   Software development and webhosting services and related Room 18, BC2, M.A. Roxas Highway, CFZ, Philippines/Netherlands/Britis
Business Park, Inc.                                                               business activities.                                              Philippines                                     h Virgin Island


Proform, Phils., Inc. (Sub-lease Agreement with Information Technology Related    Exclusivel for arrangin, composing, compiling and producing 100sq.m. office center 06 located at Berthaphil                  Philippines/Korea
Berthaphil, Inc.)                                                                 karaoke music/midi songs for 100% export to Korea           III, Clark Center, Jose Abad Santos Ave., Clark
                                                                                                                                              Freeport Zone, Philippines

QUICK APPS CLARK, INC. (New Sublease            Information Technology Related    Exclusively to engage in and carry on the trade or business of            100 sq.m., Office Center no. 07J, Berthaphil III      Philippines
Agreement with Berthaphil, Inc.)                                                  operating a multi-client, multi-lingual and multi-call center, offering   Clark Center, Jose Abad Santos Avenue, Clark
                                                                                  Customer Care Outsourcing, Enterprise Support Services, and               Freeport Zone, Philippines.
                                                                                  Fulfillment Services through mediums such as but not limited to
                                                                                  telephone, facsimile, E-mail and internet-based consultancy and
                                                                                  other services worldwide.”




                                                                                                                     Page 47
                 ENTERPRISE                           TYPE OF PROJECT                                          PROJECTS                                                        ADDRESS                                 Nationality

SDK OUTSOURCING SERVICES, INC.(New               Information Technology Related     Operating a business process, outsourcing (BPO), that will provide      225 sq.m. Room 4,6 & 8 Philexcel Business                   USA/Korea
Sublease Agreement with Philexcel Business                                          100% export services relating to Computer Aided Design. Products        Center 2, Philexcel Business Park, Inc., M. A.
Park)                                                                               may include but not lilited to engineering plans, drawings, cost        Roxas     Highway,   Clark   Freeport    Zone,
                                                                                    estimates, comprehensive design, specifications for all types of        Philippines
                                                                                    facility design, civil work design,landscaping design, construction
                                                                                    management & supervision

Secomp, Inc., (Bldg 7107) (Expansion)            Information Technology Related     Importation of computing and input output equipment to be               Bldg 7107, Feati Street, CFZ, Philippines               Philippines/British
                                                                                    refurbished as a whole or as components parts and re-export to
                                                                                    Europe, USA, Australia and South East Asia; Setting up of IBM data
                                                                                    center, rebuilding/refurbishing, software development and back
                                                                                    office facility; Setting up of mainframe/midrange computer center to
                                                                                    service foreign and local clients in need of data back up and
                                                                                    application development using high speed communications lines;
                                                                                    Refurbishing IT and printing equipment and offshore printing and
                                                                                    data center.
SMT DATAKEY, INC. (New Sublease Agreement Information Technology Related            Exclusively to engage in the business of international out-bound call   480 sq.m. Unit 7B Philexcel Business Park, Clark       Philippines/Australia
with Philexcel Business Park)                                                       center operations                                                       Freeport Zone, Philippines
SPLICE TECH & LOGISTICS, INC. (New        Information Technology Related            Exclusively to set-up a facility to act as a global logistics hub,      510 sq.m. Bldg. 04 located at Berthaphil II, South   Philippines/British Virgin
Sublease Agreement with Berthaphil, Inc.)                                           assembly and configuration facility utilizing pre-engineered design     Bayanihan St., Clark Freeport Zone, Philippines               Island
                                                                                    systems, carrying Splice UK product technology used for: 1.) Optical
                                                                                    Distribution frames, 2.) panels, 3.) Splice Cassettes, 4.) WDM
                                                                                    Arrays, 5.)Cable Management, 6.) Fiber Components, 7.)
                                                                                    Accessories, 8.) Installation services and 9.) Pulled fibre solution
                                                                                    where 72% has to be exported and 28% for domestic sales during
                                                                                    the first year, and 75% export and 25% domestic sales during the
                                                                                    second and third year.
STMPI Corporation - Sub - lessee of Comclark Information Technology Related         1) Research and development of computer technology, hardware            Ground Floor, Comclark Building, M.A. Roxas                  Australia
Network and Technology Corp.                                                        and software for all types of applications, building database for use   Highway, CFZ, Philippines
                                                                                    in information technology, providing services like systems
                                                                                    conversion, information content development, data encoding,
                                                                                    information technology related services; and 2) Manufacture, export,
                                                                                    import and wholesale distribution of computer and/or information
                                                                                    technology hardware and peripherals and software applications.

Stratex Networks Asia Pacific Service Center Information Technology Related         To use the property as a: repair and service facility for DMC - Unit 10A and 10B M.A. Roxas Highway, Clark                          Philippines
Corporation (Formerly: DMC Stratex Networks                                         manufactured equipment, including technical support and services Freeport Zone, Philippines
Asia Pacific Service Center Corp.), Sub-lessee of                                   for the whole Asia Pacific Region.
Philexcel Business Park, Inc.
Sutherland Global Services Philippines, Inc., Sub- Information Technology Related   Process Consulting, Technology Support Services, Account                Bldg 23 Plaza A, Bldg 35 1st Floor, corner Jose                India
lessee of Berhtaphil, Inc.                                                          Management Services, Technical Support/Help Desk Services,              Abad Santos and e. Quirino St., CFZ, Philippines
                                                                                    Customer Care Services and Back Office Processing for Operating
                                                                                    Call Center
SV Human Resources, Inc. (New Sublease Information Technology                       Exclusively to engage in information technology related services and    130 sq. m. Office Suite C, The Center at Clark,             Philiipines
Agreement with Berthaphil, Inc.)                                                    business process outsourcing services such as but not limited to a)     Berthaphil Compound III, Jose Abad Santos
                                                                                    accounting/bookkeeping       b)   computer    programming/software      Ave., Clark Freeport Zone, Philippines
                                                                                    development c) data entry d) medical transcription

Talkingnet Global Education, Inc. ( New Sub- Information Technology Related         Exclusively to engage in the business of an on-line English 75 sq. m. room 8 Philexcel Business Center 2,                             Korea
lease Agreement with Philexcel Business Park)                                       language tutorial among Koreans and other foreign students  Philexcel Business Park, Inc. M. A. Roxas
                                                                                                                                                Highway, Clark Freeport Zone, Phils.
Transpacific Broadcast Group Int'l Inc.          Information Technology Related     To operate, manage and maintain a satellite earth station with Chico Street, Clark Freeport Zone, Philippines                       Philippines
                                                                                    broadcast production and post production facilities and other related
                                                                                    activities.




                                                                                                                    Page 47
                ENTERPRISE                            TYPE OF PROJECT                                           PROJECTS                                                       ADDRESS                            Nationality

TRIXAN SUPPORT SERVICES (New Sublease           Information Technology Related     Exclusively to engage in call center toy provide marketing services,     70.20 sq.m./ Unit 1F-2 Philexcel Business Center       Philippines
Agreement with Philexcel Business Park)                                            order taking and general customer queries.                               3, Philexcel Business Park, M.A. Roxas
                                                                                                                                                            Highway, Clark Freeport Zone, Philippines.

Wallen Innovative Solutions (Phils.) formerly Information Technology Related       Office space for the pursuit of its information technology business Unit 28, and Room 9, M.A. Roxas Highway, CFZ,               Hong Kong
Devco Philippines, Inc. - Sub-lessee of Philexcel                                  including software development and shall handle ships/vessels Philippines
of Philexcel Industrial Park, Inc.                                                 management which include modiling using CAD software packages,
                                                                                   simulation based on VR technology and inspection tools for report
                                                                                   management and other related activities.

XCION (PHILS) INC. (New Sublease Agreement      Information Technology Related     To develop and export software designed for providing Internet-          138 sq.m., Unit 4&5, Philexcel Business Center            USA
with Philexcel Business Park Inc.)                                                 based electronic payment services that enable customers to send,         3,Philexcel Business Park Inc.,Clark Freeport
                                                                                   request and receive cross-border payments and payment request            Zone, Philippines.
                                                                                   over the internet.
Z Getcare Systems, Inc., Sub-lessee of Philecel Information Technology Related     to engage in the business of Information System Development, and         Room 7, Philexcel BC2, CFZ, Philippines             Philippines/USA
Business Park, Inc.                                                                Software Development for Healthcare.
Zeniark Philippines Consulting Corp. Sublessee of Information Technology Related   exclusively to engage in IT services providing offshore services in,     Unit 1F 6, Philexcel Business Center 3, Philexcel   Philippines/USA
Philexcel Business Park, Inc.                                                      but not limited to, application development, testing, business process   Business Park Inc, Clark Freeport Zone,
                                                                                   management and data management                                           Philippines.

SERVICE ORIENTED
1007 Food Corporation (New Sub-lease Service Oriented                              Exclusively to operate a Chowking Food Outlet                         109 sq. m. of stall 4G & 5G located inside the            Philippines
Agreement with Puregold Duty Free, Inc)                                                                                                                  leased property of Puregold, Inc. C. M. Recto
                                                                                                                                                         Highway, Clark Freeport Zone, Philippines
3-J CANTEEN (New Sublease Agreement with         Service Oriented                  Exclusively for canteen operations.                                   Lily HillRoad, Gil Puyat Avenue, Clark Freport            Phippines
Golden Stone Garments Inc.)                                                                                                                              Zone, Philippines.
628 Merchandising Corporation (Sub-lease Service Oriented                          Exclusively for operations of a 7-11 convenience store selling in all 280 sq.m., adjacent to Bldg. 2041 Ninoy Aquino            Philippines
Agreement with Rikko Homes II, Inc.(Clark                                          kinds of products and services, which generally, includes grocery Avenue, Clark Freeport Zone, Philippines
Hostel))                                                                           items, dry goods, feed or foodstuff, beverages
"K" Line Air Service Phils., Inc., Sub-lessee of Service Oriented                  International/Domestic freieght forwarding business, Air and Sea Room 8A, Philexcel Business Center, M.A.                    Philippines/Japan
Philexcel Business Park, Inc.                                                      Customs brokerage, Logistics & distribution representative office Roxas Highway. CFZ, Philippines
                                                                                   and related business activites only.
AIW INTERNATIONAL DEVELOPMENT CORP. Service Oriented                               Exclusively engage in, conduct and carry on the services of plotting,    90 sq.m. Unit 44-A, CFZ Regency Park, Inc.,              Korea
(New Sublease Agreement with CFZ Regency                                           printing and copying (reproduction) and to venture in the business of    Jose Abad Santos Avenue Cor. E. Aguinaldo
Park, Inc.)                                                                        real estate such as building and house construction/erection, steel      Street, Clark Freeport Zone, Philippines.
AHN BYUNG CORP. (New Sublease Agreement Service Oriented                           Exclusively to operate a its sales thereof as expansion.
                                                                                   structure fabrication and multi purpose entertainment complex with       540 sq.m. located at Pavilion 3, Berthaphil III     Philippines/Korea
with Berthaphil, Inc.)                                                             restaurant, coffee shop, sing-a-long, souvenir & gift shop only.         Clark Center, Jose Abad Santos Avenue, Clark
                                                                                                                                                            Freeport Zone, Philippines.
A-PLUS MANPOWER SERVICES (New                   Service Oriented                   Exclusively for manpower agency.                                         50 sq.m./Office Center 06 D-2, Berthaphil Clark        Philippines
Sublease Agreement with Berthaphil, Inc.)                                                                                                                   center, M.A. Highway, Clark Freeport Zone,
                                                                                                                                                            Philippines.
ACERON PUNZALAN VEHEMENTE AVILA &               Service Oriented                   Exclusively for law firm office only.                                    50 sq.m., located at Office Center No. 05 C-1       Philippines/Korea
DEL PRADO LAW OFFICE (New Sublease                                                                                                                          Berthaphil III, Clark Center Jose Abad Santos,
Agreement with Berthaphil, Inc.)                                                                                                                            Clark Freeport Zone, Philippines.
Air Asia Berhad, Lessee of CIAC                 Service Oriented                   Office space                                                             w/in DMIA, CFZ, Philippines                             Malaysia
Air Materiel Wing Savings and Loan Association, Service Oriented                   Business Center/Office Space.                                            Ground Floor, Bldg 2126, C.P. Garcia St., CFZ,         Philippines
Inc. (AMWSLAI)                                                                                                                                              Philippines
AMADO R. COSME, JR. CANTEEN (New Sublease Service Oriented                         Exclusively for selling of fast food meals and other food products       30 sq.m. (more or less), located along C.M. Recto      Philippines
Agreement with Clark Liberty Warehouse, Inc.)                                      only.                                                                    Highway, Clark Freeport Zone, Pampanga

Amazingly Clean, Inc., Sub-lessee of Fontana Service Oriented                      Operation of laundry services and other related cleaning services.       Laundry Bldg., Fontana Leisure Parks, C.M.             Philippines
Development Corporation                                                                                                                                     Recto Recto Highway, CFZ, Philippines




                                                                                                                      Page 47
                 ENTERPRISE                           TYPE OF PROJECT                                  PROJECTS                                                  ADDRESS                              Nationality

AMCAST Trucking and Forwarding, Sub-lessee Service Oriented             Office space for its freight forwarding, including customs brokerage, Bldg. 18B-2, Berthaphil Compound, Jose Abade             Philippines
of Berthaphil, Inc.                                                     trucking,   consolidation,      deconsolidation,    tariff consultant, Santos Avenue, CFZ, Philippines
                                                                        warehousing, seafreight/airfreight services, packing/crating, door to
                                                                        door services, export/import documentation services.


ARDI   Specialty    Clinic,    Inc.   (Sub-lease Service Oriented       Exclusively for ambulatory surgical & medical multi specialty clinic & 2,000 sq.m. Clark Center Three Building,                Philippines
Agreement with Berthaphil, Inc.)                                        diagnostic center including Multi-specialty clinic, complete clinical  Berthaphil III Clark Center
                                                                        lab, radiology/sinology, 2D-Echo, ECG, Eye Center, Endoscopy, Pre-
                                                                        Employment APE, Dental & Surgery serving clients inside the Clark
                                                                        Freeport Zone nearby barangays or towns, cities or municipalities.


Aritake Estates, Inc.                            Service Oriented       Office space for conducting the business of leasing, sub-leasing 2512-D, Ninoy Aquino Ave., CFZ, Philippines                     Japan
                                                                        and/or management of real and personal property of every kind and
                                                                        description, without however engaging in dealership in securities, in
                                                                        the stock brokerage business or in the business of an investment
                                                                        company.
ASIAN DEVELOPMENT BANK                           Service Oriented       Business Continuity Facility                                           2,000 sq.m. (more or less) open space, Arayat
                                                                                                                                               St. Ninoy Aquino Ave., Clark Freeport Zone,
                                                                                                                                               Pampanga
Asiana Philippines GSA, Inc.                     Service Oriented       City Ticket Office.                                                    Building 2088, Units 2 & 4, CSEZ Main Zone,             Philippines
                                                                                                                                               along Cardinal Santos Avenue, CFZ, Pampanga

Asipine Corporation                              Service Oriented       To engage in: 1) Duty Free Food Plant/Shop and Restaurant; 2) Dyess Highway corner Street K, Clark Freeport                    Philippines
                                                                        Import, export, processing, packing, re-packing, storage, wholesale Zone, Philippines
                                                                        and retail of meat products; 3) Import, export, storage, wholesale
                                                                        and retail of Dairy Products, Produce, Spirits and other food adn non-
                                                                        food products; 4) Office for Asipine Corporation; and 5) Other
                                                                        related activities.
ASPAC International, Inc., Sub-lessee of Service Oriented               Office for freight forwarding                                          Room 5A, BC1, Philexcel Compound, CFZ,             Philippines/Singapore
Philexcel Business Park, Inc.                                                                                                                  Philippines
ATE Technologies Corporation, Sub-lessee of Service Oriented            Repair and maintenance of telecommunication equipment and Unit 21 I, M.A. Roxas Highway, CFZ, Philippines                      Philippines
Philexcel Business Park, Inc.                                           software/hardware design.
Atty. Nino Baltazar Y. Enriquez (New Sub-lease Service Oriented         Exclusively as an office for Law Firm Services                         72 sq. m. Stall No. 1C, Lilly Hill Plaza, C. M.         Philippines
with LandBank of the Philippines)                                                                                                              Recto Highway, Clark Freeport Zone, Philippines

Auction.PH Corporation, Sub-lessee of SPE Service Oriented              to engage in the business of providing online market services in the   Bldg 1995 Mimosa Drive, Mimosa Leisure                    Korea
Food Enterprise Philippines Corporation                                 internet where business and consumers sell and buy goods and           Estate, CFZ, Philippines
                                                                        services either through auction or oturight purchase
BABASUK GOTO HAUS CO. (New Sublease              Service Oriented       Exclusively as a restaurant serving goto, mami, arrozcaldo, lomi,      1 Unit Stall Lot 2, Bayanihan Park, M. A. Roxas         Philippines
Agreement with Clark Hauz Holdings                                      drinks, refreshments & other foods.                                    Highway, Clarkfield, Angeles City
Corporation)

Bank of the Philippine Islands - Sub lesse of Service Oriented          To establish a banking facility.                                       along Dyess Highway, CFZ, Philippines                   Philippines
Land Bank of the Philippines, Inc. (Formerly:
Far East Bank and Trust Company) *
Bases Conversion Dev't. Authority             Service Oriented          a) Administer the former US Military Bases Reservation which have Bldg 7592 of the Civil Aviation Complex, Clark               Philippines
                                                                        been trasferred to it. B). Administer the reverted base lands Freeport Zone, Philippines
                                                                        transferred to it, and c). Adopt, prepare and implement a
                                                                        comprehensive and detailed dev't. program for its subsidiaries and
                                                                        attached authorities in consonance with the directional plans.
BEAN AND BEYOND CAFÉ (New Sublease               Service Oriented       Exclusively for coffee shop & restaurant                               91.7 sq.m.,/Clark Hauz Building Lot 2, Bayanihan        Philippines
Agreement with Clark Haus Holdings                                                                                                             Park, M. A. Roxas Highway, Clark Field, Angeles
Corporation)                                                                                                                                   City.




                                                                                                           Page 47
                ENTERPRISE                            TYPE OF PROJECT                                PROJECTS                                                      ADDRESS                            Nationality

Besco Clark Philippines Group of Companies Service Oriented             Exclusively to engage in, general constructing, enlarging, repairing, Unit 45-D/Regency Park Townhouses, Jose               Philippines/Korea
Corp. (Sub-lease Agreement with Berthaphil,                             developing or engaging in any work upon buildings, houses and Abad Santos Ave., corner E. Aguinaldo St. and
Inc.)                                                                   condominiums, roads, plants, bridges, airfields, piers, waterworks, Rio Grande St., Clark Freeport Zone, Phils.
                                                                        railroads & other structures to clients inside the Clark Freeport Zone
                                                                        and other PEZA Zones including but not limited to JB Cresta
                                                                        Corporatio
BCDA Management and Holdings, Inc. (Formerly Service Oriented           Mandated to manage and administer some of the assets of BCDA Bldg 7592 of the Civil Aviation Complex, Clark                    Philippines
BCDA Holdings, Inc.)                                                    which may include the former U.S. Baseland                         Freeport Zone, Philippines
BGC Philbuilders, Inc. (Sub-lease Agreement Service Oriented            Exclusively as an office space for design and construction          Unit 1F-7 Business Center 3, Philexcel Business            Philippines
with Philexcel Business Park)                                                                                                              Park Inc., M. A. Roxas Highway, Clark Freeport
                                                                                                                                           Zone, Philippines
BIGLUZON TRADE COMPANY SERVICES                  Service Oriented       Exclusively for warehousing and trading of various grocery items   200 sq.m. Bldg. 22, Berthaphil Compound 1,                  Philippines
(Sublease Agreement with Berthaphil, Inc.)                              and other related products for export Taiwan and Middle East.      Berthaphil Inc. corner Jose Abad Santos & E.
                                                                                                                                           Quirino St. Clark Freeport Zone, Philippines
Blue Bonnet Catering, Inc.                       Service Oriented       Café complemented with: Huge function rooms; Executive lounge; M.A. Roxas Highway, Ninoy Aquino and Abad                       Philippines
                                                                        Bar/Music lounge                                                   Santos Ave., CFZ, Philippines
BOLINAO SECURITY & INVESTIGATION                 Service Oriented       Exclusively as an office for management, consultancy and marketing 21 sq.m. Unit 4B, Philexcel Business Center 1 M.            Philippines
SERVICE, INC. (New Sublease Agreement with                              services                                                           Roxas Highway, Clark Freeport Zone, Pampanga
Philexcel Business Park Inc.)
Bulaluhan sa Clark - Sub-lessee of Clark Liberty Service Oriented       Food stall business.                                               Claro M. Recto Highway, CFZ, Philippines                    Philippines
Warehouse Club, Inc. **
Bureau of Immigration (Sublease Agreement with Service Oriented         Exclusively to be used as district office                            150 sq. m. Bldg. 4B, located at Berthaphil III,           Philippines
Berthaphil, Inc.)                                                                                                                            Clark Center, Jose Abad Santos Ave., Clark
                                                                                                                                             Freeport Zone, Phils.
Caelum      Development   and Construction Service Oriented             To engage in the project management and general construction of Cornerstone Bldg. 128 sq. m. Berthaphil II                       Korea
Company, Inc. (Sub-lease Agreement with                                 development projects within the Clark and Subic Area, and Compound, J. A. Santos Avenue, CFZ, Phils.
Berthaphil Business Park)                                               specifically for J & K Dev't. group's Regency Park Townhouses
                                                                        project, and J. B. Cresta Corp.'s Clark Hill Project
C'PANIZZA AND PASTA (New Sublease            Service Oriented           Exclusively for establishment and operation of an Italian Restaurant 100 sq.m. located along M.A. Roxas Highway (In-           Phillipines
Agreement with Wachovia Realty & Development                            offering low and mid-priced meals for breakfast, lunch, dinner and   bound), Clark Freeport Zone, Philippines
Inc. (WRDI) ).                                                          snack items and beverages.

Café A Tempo Coffee Shop             (Sub-lease Service Oriented        Exclusively for Café-serves high quality beverages and light foods,       110 sq. m., Building 2078 Barn House, Cardinal       Philippines
Agreement with Aritake Estates                                          shows a South European Style of appearance Internet Café -                Santos Street, Clark Freeport Zone, Philippines
                                                                        provides computers and access to the internet, provides copying,
                                                                        printing,imaging and faxing servicing.
CATINDIG FLORES & PALARCA (New Sublease Service Oriented                Exclusively to engage in the practice of law, maintain offices, own   32.81 sq.m. Room 5, Philexcel Business                   Philippines
Agreement with Berthaphil, Inc.)                                                                                                              Arcade 3, M.A. Roxas Highway, Clark Freeport
                                                                        property, and transact all business incidental to such practice of law.
                                                                                                                                              Zone, Philippines.
CENTER LINE INTERNET CAFÉ (New Sublease Service Oriented                Exclusively for internet café only.                                   48 sq. m. (4 stalls) Bayanihan Park, Clark               Philippines
Agreement with Clark Hauz Holdings                                                                                                            Amusement Park, Clark Freeport Zone,
Corporation)                                                                                                                                  Philippines
CDC Global Link Freight Forwarding Corporation Service Oriented         Office space to carry-out its business activities as an international Unit 11 of Bldg 3678, along C.M. Recto Highway,          Philippines
                                                                        freight forwarder.                                                    CFZ, Philippines
Clark Asset Protection       Insurance   Brokers Service Oriented       Office space for insurance brokerage purposes.                        Bldg. 2126, C.P. Garcia Street (adjacent to CDC          Philippines
Corporation (CAPIBC)                                                                                                                          Business Development Building), CFZ

Clark     Development       Corporation   (CDC) Service Oriented        Establish a Provident Fund/Retirement Plan for CDC Directors, Bldg 2127 C.P. Garcia St. corner E. Quirino St,                  Philippines
Employees Provident Fund, Inc.                                          Officers, and Employees.                                             CFZ, Philippines
Clarkfield Line Foods Corporation, Sub-lessee of Service Oriented       New Free standing Jollibee store with drive thru 24 hours operations Lot 2, bounded by Fields Avenue, M.A. Roxas               Philippines
Clark Hauz Holdings Corporation                                                                                                              Highway, CFZ, Philippines
Clark International Airport Corporation          Service Oriented       To develop, operate and manage the Diosdado Macapagal Bldg 6784 Clark International Airport Complex,                           Philippines
                                                                        International Airport (DMIA) (formerly Clark International Airport) Clark Freeport Zone, Philippines
                                                                        Complex.
Clark Investors and Locators Association (CILA), Service Oriented       Office space only.                                                   Bldg 2511-A, CSEZ Main Zone, bounded by N.                Philippines
Inc.                                                                                                                                         Aquino Av., E. Quirino and J. Abad Santos Ave.,
                                                                                                                                             CFZ, Philippines




                                                                                                          Page 47
                ENTERPRISE                             TYPE OF PROJECT                               PROJECTS                                                        ADDRESS                              Nationality

Clark Mac Enterprises, Inc.- Sub-Lessee of        Service Oriented       To establish and operate a Restaurant.                                C.M. Recto Highway, Clark Freeport Zone,                    Philippines
Value City Sales, Inc.                                                                                                                         Philippines
CLARK NORTH AXIS CONSTRUCTION                     Service Oriented       To engage in general construction business including the              Bldg. 2511-D Ninoy Aquino Avenue, Clark                     Philippines
CORPORATION (New Sublease Agreement with                                 construction, enlarging, repairing, developing or engaging in any     Freeport Zone, Pampanga
Aritake Estate Inc.) INDUSTRIAL PARK, INC.
CLARK PREMIERE                                    Service Oriented       Establishment of an houses and trading / assembly of plants,
                                                                         works upon building office for thecondominiums, roads, LED lights for Floor Area 173 sq. m. and Open Space 443 sq.             Philippines/Japan
(New Sublease Agreement with Komiya                                      export and constructive sales.                                        m., Building N7397 Ninoy Aquino Avenue, Clark
Philippines, Inc.)                                                                                                                             Freeport Zone, Philippines
Compass Group Philippines, Inc., Contractor of    Service Oriented       Perform, provide and deliver the work and/or services setforth in the C.P. Garcia St., CSEZ, Clark Freeport Zone,                 Philippines
AOL Member Services-Philippines, Inc.                                    Agreement entered into by both parties, a copy of which is hereto Philippines
                                                                         attached as "Annex A - Scope of Services".
CRL Environmental Corporation (CRL), Sub- Service Oriented               Has commited to engage in Environmental technical services, Berthaphil Compound, Jose Abad Santos                                 Philippines
lessee of Berthaphil, Inc.                                               laboratory services, treatment, consulting, training and research.    Avenue, CFZ, Philippines

CTSI LOGISTICS PHIL., INC. (New Sublease         Service Oriented        Exclusively as an office for custom brokerage, freight forwarding and 18 sq.m, Room 1, Room 11, Philexcel Business                Philippines
Agreement with Philexcel Business Park Inc.)                             related business activites only.                                      Center 2, Philexcel Business Park, Inc. Clark
DHL GLOBAL FORWARDING (PHILIPPINES) (New Service Oriented                International freight forwarding, custom clearance, domestic          Freeport Zone, Philippines
                                                                                                                                               CFZ, Philippines                                            Philippines
Sublease Agreement with Philexcel Business Park                          forwarding and warehouse distribution.
Inc.)
DHL Express (Philippines) Corporation (Sub-lease Service Oriented        Exclusively for Freight Forwarding such as but not limited to            180 sq. m., Unit 8E 1, Philexcel Business Park,            Dutch
Agreement with Philexcel Business Park)                                  establish, maintain and operate an international air express courier     Inc. Clark Freeport Zone, Philippines
                                                                         services, including pick-up, transportation and delivery activities;
                                                                         international air freight and general freight forwarding activities;
                                                                         strategic logistics, warehousing, storage and inventory redistribution
                                                                         activities, including sorting and handling and other value added
                                                                         activities; other material handling and processing activities; and in
                                                                         general, to undertake all activities ancillary to the performance of the
                                                                         above activities with respect to goods, materials and document

DNS Shuttle Service (Clark) Inc. (New Sub-lease   Service Oriented       Exclusively for the operation and maintenance of shuttle services and 68 sq. m. Bldg. 18C, Berthaphil Compound 1,                 Philippines
Agreement with Philexcel Business Park)                                  the staging, parking and maintenance of shuttle service transport     Berthaphil Inc., corner Jose Abad Santos, Clark
                                                                         vehicles composed of buses, vans and cars.                            Freeport Zone, Philippines

E.M. Canlas Management Services (Sub-lease        Service Oriented       Exclusively to engage in management and maintenance of real              1 Room of Bldg. 2511-C, Ninoy Aquino Avenue,             Philippines
Agreement with Aritake Estates, Inc.)                                    properties strictly within Clark Freeport Zone                           Clark Freeport Zone, Philippines
Eagle Express Lines, Inc., Sub-lessee         of Service Oriented        Office space for diversified freight forwarding operations and related   Room 8B, M.A. Roxas Highway, CFZ,                        Philippines
Philexcel Business Park, Inc.                                            business actiivities only.                                               Philippines
ED 88 CAFÉ ( Food Services Agreement with         Service Oriented       Exclusively for canteen operations.                                      a portion of Lot A-5 Clark Premier Industrial Park,      Philippines
Aderans Philippines, Inc.)                                                                                                                        M.A. Roxas Highway, Clark Freeport Zone,
Editha S. David (Mazita Catering Services)        Service Oriented       provide canteen services to the employees of Amertron Inc.               Philippines
                                                                                                                                                  Maloma St., CFZ, Philippines                             Philippines
EL DORADO CONSULTING GROUP, INC. (New             Service Oriented       Consultancy and management firm for hotel and resort development. 44 sq.m., Room 16 Philexcel Business Center 2,                     USA
Sublease Agreement with Philexcel Business Park                                                                                               Philexcel Business Park Inc., Clark Freeport Zone,
Inc.)                                                                                                                                         Philippines
Erriko Construction Corporation, Sub-lessee of    Service Oriented       Office for its construction business and offer services to Clark Room 5B, Business Center, M.A. Roxas, CFZ,                       Philippines
Philexcel Business Park, Inc.                                            locators.                                                            Phils.
Equitable Banking Corporation - Sub lessee of     Service Oriented       Banking services.                                                    C.M. Recto Highway, corner P. Kalaw Street,               Philippines/China
Puregold Duty Free, Inc. *                                                                                                                    Clark Freeport Zone, Philippines
Exel Logistics Management Phils., Inc., Sub-      Service Oriented       Branch office offering the following services: International freight Room 10, Philexcel bC2, M.A. Roxas Highway,                  Philippines
lessee of Philexcel Business Park, Inc. (change                          forwarding, customs clearance, consolidation & contract logistics, CFZ, Philippines
name to DHL endorsed to Legal)                                           supply chain solution/warehouse management.
Finetech. Ph Corp. (Sub-lease Agreement with      Service Oriented       Exclusively to supply and supervise the installation/importation of 18 sq. m. Room 3B Philexcel Business Center 1,                  Korea
Philexcel Business Park, Inc.)                                           the Polyurethane system, the Cryogenic Insulation Materials, Metal Clark Freeport Zone, Philippines
                                                                         Panel and all other products needed by Humantech Korea Phils.
                                                                         Corp. (HKPC) and/or Phoenix Semiconductor Philippines Corp.
                                                                         (PSPC) in the construction of its facility inside the Clark Freeport
                                                                         Zone




                                                                                                          Page 47
                 ENTERPRISE                                TYPE OF PROJECT                                PROJECTS                                                       ADDRESS                             Nationality

Friendship Golf Shop, Sub-lessee of CDC - Service Oriented                   Operate the Proshop Merchandising Section of Mimosa Golf & Mimosa Golf & Country Club, Pro Shop                                  Philippines
Special Project for Resort Operations (CDC-                                  Country Club.                                                         Merchansing Section, Montevista Reception
SPRO)                                                                                                                                              Villa, Academy Lane, Mimosa Leisure Estate,
                                                                                                                                                   CFZ, Philippines
FSPhil Corporation (Sub-lease Agreement with Service Oriented                Exclusively to engage in general construction business, that 44 sq.m. (Room 12) Philexcel Business Center 2,                  Philippines/Korea
Philexcel Business Park)                                                     includes constructing enlarging, rapairing, developing or engaging in M. A. Roxas Highway, Clark Freeport Zone Phils.
                                                                             any work upon buildings, houses and condominium, piers and other
                                                                             structures except locally funded public works inside the Clark
                                                                             Freeport Zone and other Freeport & Economic Zone with Phoenix
                                                                             Semiconductor Philippines Corporation (PSPC) as its primary client

Fuso Logistics Phils., Inc., Sub-lessee of Service Oriented                  Warehousing, cargo handling, logistics and other related business Bldg 4, M.A. Roxas Highway, CFZ, Philippines                Philippines/Japan
Philexcel Business Park, Inc.                                                activities only.
GASBOY, INC. (New Sublease Agreement with Service Oriented                   Exclusively for the retail operation of the re-fuelling station including 10 sq. m., portion of the FV-Clark Corporation,        Phippines
FV-Clark Corporation)                                                        all kinds of petroleum products except for wholesale of fuel products. C.M. Recto Highway, Clark freeport Zone,
                                                                                                                                                       Philippines
Gateway Partners Inc., (New              Sublease Service Oriented           Exclusively for business office 1) To engage in and carry on the 15 sq.m. 1 Room fo
Agreement with Kenertec Phils.)                                              business of consultancy, counselling and planing in the field of
                                                                             corporate management 2) To undertake arrangement and
                                                                             negotiations of acquitions of joint venture projects or mergers of
                                                                             persons, firms, association or corporations, both foreign and
                                                                             domestic 3) To install develop and maintain for its clientele advising
                                                                             services and integrated information systems except management of
                                                                             funds, securities portfolios and other similar assests

GIADA'S CAFÉ AND KITCHEN (New Sublease                Service Oriented       Exclusively for cafeteria and coffee shop inside the Clark Freeport     72 sq.m., Office Suites no.5, Berthaphil III, Clark      Philippines
Agreement with Berthaphil, Inc.)                                             Zone.                                                                   Center, Clark Freeport Zone, Philippines

GMT INTERLINK SECURITY MANAGEMENT                     Service Oriented       Exclusively to provide clients with security personnel who are          72 sq.m., Stall # 26 Lily Hill Plaza Building, C.M.
CORP. (Sublease Agreement with Land Bank of                                  trained, educated, experienced, reliable and possessed high             Recto Highway, Clark Freeport Zone,
the Philippines)                                                             standard moral values. Provide security management consultancy to       Philippines
                                                                             selected and special clients.
Gold One Enterprise, Inc.                             Service Oriented       To engage in establishment of a full service station which will house   M. A. Roxas Highway, CSEZ, Clark Freeport                Philippines
                                                                             a fueling forecourt with four pump islands, a convenience store,        Zone, Philippines
                                                                             service and lube bays, rest rooms, food stalls, phone booths,
                                                                             automatic car wsh and restaurant/fast food.

Grazioso      Marketing,    Lessee    of      Clark   Service Oriented       To sell souvenir products.                                              Pre-Departure area of DMIA, Civil Aviation               Philippines
International Airport Corporation                                                                                                                    Complex, CFZ, Philippines
GREIZELLE & GERI GEEZELLE STORE (New                  Service Oriented       Exclusively for snack services that caters to employees at IQOR.        IQOR 2, Building 1, Berthaphil III Compound, the         Philippines
Concessionaire Agreement with iQor Philippines,                                                                                                      Center at Clark Freeport Zone, Philippines.
Inc.)
Harlan's Canteen (New Sub-lease Agreement             Service Oriented       Strictly for the operation of a canteen                                50 sq. m., open space, Oriental Duty Free, Clark          Philippines
with Demagus Trading Corporation)                                                                                                                   Freeport Zone, Philippines
HAV-A-KUK CANTEEN (New Concessionaire                 Service Oriented       Exclusively for canteen operations.                                    Lot C-2 & D Clark Premiere Industrial park, M. A.         Philippines
Agreement with L & K Industries Phils., Inc.)                                                                                                       Roxas Highway, Clark Freeport Zone,
                                                                                                                                                    Philippines.
GREEN CANYON CONSTRUCTION &               Service Oriented                   Exclusively to engage in, operate, conduct and maintain the business 48 sq.m. Bldg. N5280 C.M. Recto Highway, Clark              Philippines
DEVELOPMENT CORP. (New Sublease Agreement                                    of general construction, including the constructing, enlarging,        Freeport Zone, Philippines.
with Western USA Solutions, Inc.)                                            developing or engaging in any work upon buildings, houses and
                                                                             condominiums, roads, plants, bridges, airfields, piers, waterworks,
                                                                             railroads and other structures and to aid in the production, repair or
                                                                             manufacture of related products, in which it may deal or to subject
                                                                             any such article or thing to any process or treatment for the purpose
                                                                             of increasing its value or utility, primarily to Green Canyon Leisure
                                                                             Farms Corp. and other companies inside the Clark Freeport Zone and
                                                                             other PEZA Zones.




                                                                                                               Page 47
                ENTERPRISE                           TYPE OF PROJECT                               PROJECTS                                                        ADDRESS                            Nationality

Hazama Corporation, Sub-lessee of Berthaphil, Service Oriented         Office space for its Subic-Clark-Tarlac Expressway Project.              Berthaphil Compound, Jose Abad Santos                     Japan
Inc.                                                                                                                                            Avenue, CFZ, Philippines
Hotdogs in a Cart (Mr. Jose Quiwa)            Service Oriented         Selling Hotdogs                                                          Passenger Terminal of DMIA, Civil Aviation             Philippines
                                                                                                                                                Compex, CFZ, Philippines
IRM AVIATION SECURITY INC. (New Sublease Service Oriented              Exclusively only for providing security services, trainings and          200 sq.m. Unit 17K & L, Philexcel Business             Philippines
Agreement with Philexcel Business Park, Inc.)                          consultancy to juridical persons, offices, industrial, commercial, and   Center M. A. Roxas Highway Clark Freeport
                                                                       other establishments whether public or private, anywhere in the          Zone, Philippines
JACKROSENKARI CATEEN (New                       Service Oriented       Philippines for the purpose of protecting properties.
                                                                       Exclusively     canteen operations.                                      Gil Puyat Avenue Industrial Estate I, Clark            Philippines
Concessionaire Agreement with Chitai Industry                                                                                                   Freeport Zone, Philippines.
Philippines, Inc.)
JANIEL FOOD RETAILER (Food Services             Service Oriented       Exclusively for canteen operations.                                      a portion of iQor Philipppies, Inc. Bldg. 36 & 37      Philippines
Agreement with iQor Philippines, Inc.)                                                                                                          Berthaphil II, Jose Abad Santos Ave., Clark
                                                                                                                                                Freeport Zone, Philippines
J.B.C. Property Care (Sub-lease Agreement with Service Oriented        Exclusively to engage in property management and maintenance             1 Room of Bldg. 2511-C, Ninoy Aquino Avenue,           Philippines
Aritake Estates, Inc.)                                                 services catering CFZ locators and limits its scope of business          Clark Freeport Zone, Philippines
                                                                       inside the CFZ
JFE Law Office (Sublease Agreement with         Service Oriented       Exclusively for law firm office use only.                                50 sq.m., Office Center No. 06E-1 Berthaphil III        Phippines
Berthaphil, Inc.)                                                                                                                               Clark Center, Jose Abad Santos Avenue, CFZ,
                                                                                                                                                Philippines
J & E Shawarma - Sub-lessee of Clark Liberty Service Oriented          Food stall business.                                                     Claro M. Recto Highway, CFZ, Philippines               Philippines
Warehouse Club, Inc. *
J & S Hanaro International, Inc. (Sub-lease Service Oriented           Showroom, sales, installation and after service of any LG products Pavillion 2-A (150 sq. m.) sq. m., more or less           Philippines/Korea
Agreement with Berthaphil, Inc.)                                       only.                                                                 Berthaphil III, Clark Center Compound, J. A.
                                                                                                                                             Santos Avenue, CFZ, Phils.
Jelfarm Fresh Produce Ent. (New Sub-lease Service Oriented             Exclusively for business office for conducting the business of import 18 sq. m. room, 3A Philexcel Business Park, Inc.          Philippines
Agreement with Philexcel Business Park)                                or export of frozen fruits and vegetables                             M. A. Roxas Highway, Clark Freeport Zone,
                                                                                                                                             Phils.
JIMEI TRAVEL CLARK COMPANY INC. (New        Service Oriented           Exclusively to hold an office as travel agency which offers services 15 sq.m. located within Fontana Hot Spring              Philippines/British
Sublease Agreement with Fontana Development                            in international ticketing, package tours, arrange any kind of hotel  Leisure Parks, Fontana Development
Corporation)                                                           accommodation and other tourism related activities to clients as well Corporation, C.M. Recto Highway, Clark
                                                                       as assisting clients in documentation like passport and visa          Freeport Zone, Philippines.
                                                                       processing.
Jobpro Multi-Purpose Cooperative, Sub-Lessee Service Oriented          Office space for manpower services only.                                 Room 15 Philexcel Business Center 2, M.A.              Philippines
of Philexcel Business Park, Inc.                                                                                                                Roxas Highway, CFZ, Philippines
KAN PRIME HOLDINGS, INC. (New Sublease       Service Oriented          Exclusively for business office for the Holding Corporation.             48 sq.m., Bldg. N5280 C.M. Recto Highway, Clark        Philippines
Agreement with Western USA Solutions, Inc.)                                                                                                     Freeport Zone, Philippines.

Kenertec Phils. Corp. (Lease Agreement)         Service Oriented       Exclusively to engage in a business center project                       5992.92 sq. m. open space & 237.08 sq. m.                 Korea
                                                                                                                                                structure of Barn House # 2085, Cardinal St.,
                                                                                                                                                Clark Freeport Zone, Phils.
KINTETSU WORLD EXPRESS (CLARK) INC. (           Service Oriented       To cater and support the warehousing needs of existing locators,         2, 780 sq.m. #N7170-A El More St., Clark                  Japan
Sublease Agreement with Kita Corporation)                              including Texas Instrument (Philippines) Inc., services, including       Freeport Zone, Philippines
                                                                       storage and inventory management of clients products and
                                                                       materials, as well as local transportation of products between zones.

KINTETSU WORLD EXPRESS (PHILIPPINES) INC. Service Oriented             Office space for freight forwarding.                                     100 sq.m., #N7170-A El More St., Clark Freeport           Japan
(Sublease Agreement with Kita Corporation)                                                                                                      Zone, Philippines

KOKO BURI RESTAURANT (New Sublease              Service Oriented       Restaurant                                                               150 sq. m., Pavillion 4, Berthaphil III Clark          Philippines
Agreement with Berthaphil, Inc.)                                                                                                                Center, M.A. Roxas Highway, Clark Freeport
                                                                                                                                                Zone, Philippines
KOKOK'S MANOK ATBP. CO. LTD. (New               Service Oriented       Exclusively to establish, operate and maintain restaurants, cafes,       1 Unit Stall # 17 at Lot 1, Bayanihan Park, M. A.      Philippines
Sublease Agreement with Clark Hauz Holdings                            coffee shops, fast food centers and to cater foods.                      Roxas Highway, Clark Field, Angeles City.
Corporation)




                                                                                                        Page 47
                 ENTERPRISE                            TYPE OF PROJECT                                PROJECTS                                                   ADDRESS                            Nationality

KORNET EXPRESS INC. (New Sublease                 Service Oriented       Exclusively to engage in business as freight and cargo forwarders of Room 7D, Philexcel Business Center 1, Philexcel        Philippines
Agreement with Philexcel Business Park)                                  all classes of goods, and merchandise. To undertake and carry the Business Park, M. A. Roxas Highway, Clark
                                                                         business as non-vessel operating common carrier (NVOCC), cargo Freeport Zone, Philippines.
                                                                         consolidators, break bulk agents.

Kusina Granados (Sub-lease Agreement with         Service Oriented       Exclusively for food stall                                   15 sq. m. Building 5415, C. M. Recto Highway,                  Philippines
Lisbon Phil. Industrial Estate, Inc.)                                                                                                 Clark Freeport Zone, Philippines
Land Bank of the Philippines (Lilly Hill Area)    Service Oriented       1) Commercial Shopping Complex; 2) Warehouse/Storage; and 3) Dyess Highway, CFZ, Philippines                                Philippines
                                                                         Office Spaces

Mamatan Rice Toppings (Sub-lease Agreement Service Oriented              Exclusively for food business such as but not limited to 3M pizza pie, 50 sq. m. Office Center 06 D-1, Berthaphil III,      Philippines
with Berthaphil, Inc.)                                                   pasta and snacks, rice toppings products and beverages inside the Center at Clark, Clark Freeport Zone, Philippines
                                                                         Clark Freeport Zone
Marilou M. Reyes (M. A. Cuisine) (Sub-lease Service Oriented             Exclusively for canteen operations                                     221 sq. m. Diamond Canteen, Philexcel                Philippines
Agreement with Philexcel Business Park, Inc.)                                                                                                   Business Park Inc., M. A. Roxas Highway, Clark
                                                                                                                                                Freeport Zone, Philippines
Maybank Philippines, Inc. (Sub-lease Agreement Service Oriented          To established a Clark branch to engage in and carry on the 150 sq.m., Pavilion 8, Berthaphil III Clark Center,             Philippines
with Berthaphil, Inc.)                                                   business of commercial banking; to have and exercise, subject to Clark Freeport Zone, Philippines
                                                                         the laws of the Philippines, all right, privileges and attributes of a
                                                                         commercial bank and with the approval of the Monetary Board of the
                                                                         Bangko Sentral ng Pilipinas (BSP)
MBT INTERNATIONAL FREIGHT FORWARDER Service Oriented                     Exclusively to engage in business as freight and cargo forwarders of 19 sq.m. located at Room 3 Philexcel Business       Philippines/Swiss
INC. (Sublease Agreement with Philexcel                                  all classes of goods, merchandise. To undertake and carry the          Arcade 2, Philexcel Business Park, M.A. Roxas
Business Park)                                                           business as non vessel operating common carrier (NVOCC), cargo Highway, Clark Freeport Zone, Philippines.
                                                                         consolidators, break bulk agents.
Mercury Freight International, Inc., Sub-lessee of Service Oriented      International/domestic freight forwarding business, Air and Sea Room 8A2, Philexcel BC1, M.A. Roxas Highway                 Philippines
Philexcel Business Park, Inc.                                            Customs brokerage, Logistics & Distribution representative office.

Metro Clark Media Network, Inc., Sub-lessee of Service Oriented          a) Administration Office b) Newsroom; c) Studio                      located at 3/F Comclark Bldg, M.A. Roxas               Philippines
Comclark Network and Technology Corporation                                                                                                   Highway, CFZ, Philippines

Metropolitan Bank and Trust Company (MBTC), Service Oriented             Banking services.                                                    Bldg 7160,      C.M.   Recto    Highway,    CFZ,       Philippines
Sub-lessee of Asipine Corporation                                                                                                             Philippines

MIO & LISA'S CATERING (concessionaire             Service Oriented       Exclusively to operate employees canteen, for Amertron in the Clark Portion of Bldg. 2430, Amertron Compound,               Philippines
Amertron, Inc.)                                                          Freeport Zone.                                                      Maloma St., Clark Freeport Zone, Philippines

Missua Food and Catering Services (New Sub- Service Oriented             Exclusively for employees canteen, food and catering services        76 sq. m. Bldg. 01C, Berthaphil Compound,              Philippines
lease Agreement)                                                                                                                              Clark Freeport Zone, Philippines

MNP Global Amusement Corporation (Sub-lease Service Oriented             Exclusively for office space only                                    25 sq.m. Bldg. 2512-A.Samat Street, Clark                Korea
Agreement with Aritake Estates                                                                                                                Freeport Zone, Philippines
Mustang Security Agency, Sub-lessee of Victoria Service Oriented         Office space and as Training Center only.                            Bldg 7369 A. Soriano Sr. St., CFZ                      Philippines
Foods Company
Netjets  Flight    Support   (New Sub-lease Service Oriented             Exclusively as office space for Aviation Services; 1) Permits in terms 21 sq.m., Room 11 A Business Center 1,               Philippines
Agreement with Philexcel Business Park)                                  of obtaining overflying and landing clearance. 2) Charter experience Philexcel Business Park, Clark Freeport Zone,
                                                                         search for high and low aircraft that will suit clients budget. 3) Philippines
                                                                         Handling department arranging and coordinating all requirements for
                                                                         the client going abroad. 4) Fuel service to give competitive fuels
                                                                         prices in the market together with low budget margin.
                                                                                                                                                                                                                      -
New Hong Kong Golden Castle Restaurant Service Oriented                  to operate, maintain restaurant, coffee shops, cafes, bars, bistro, 2nd Floor Club House B, Fontana Leisure Parks,          Philippines
Corporaiton,    Sub-lessee        of   Fontana                           refreshment parlors, cocktail lounges and to cater food.            C.M. Recto Highway, CFZ
Development Corporation
New HongKong Golden Castle Corporation (Sub- Service Oriented            Exclusively for advertising, marketing and promotions business inside 50 sq.m. located at Office Center 06J-1,              Phillipines
lease Agreement with Berthaphil, Inc.)                                   the Clark Freeport Zone.                                              Berthaphil III, Clark Center, Jose Abad Santos,
                                                                                                                                               Clark Freeport Zone, Philippines.




                                                                                                             Page 47
                ENTERPRISE                           TYPE OF PROJECT                                 PROJECTS                                                     ADDRESS                            Nationality

New Phil Chang Wha Inc. (Sub-lease Agreement Service Oriented          Exclusively for office 1, Engagement in and carry on the business of     165 sq. m. office suites B. Berthaphil II, Clark        Korea
with Berthaphil, Inc.)                                                 consultancy, counselling ad planning in the fields of corporate          Freeport Zone, Phils.
                                                                       management; 2. To own, use, improve, develop, subdivide, sell,
                                                                       exchange, lease and hold for investment or otherwise, real estate of
                                                                       all kinds, including buildings, houses, apartments and other
                                                                       structures
Nippon Express Philippines Corporation (Sub- Service Oriented          Office Space warehouse, facility for the storage deposit, safe           2,016 sq. m., Philexcel Business Park, M. A.            Japan
lease Agreement with Philexcel Business Park)                          keeping of goods and the importation or procurement of goods for         Roxas Highway, CFZ, Philippines
                                                                       customer



Nishiyoshi Forwarding, Inc.,    Sub-lessee   of Service Oriented       Service office for freight forwarding, brokerage and customs Room 17, Philexcel Business Center 2, M.A.                     Japan/Philippines
Philexcel Business Park, Inc.                                          clearance/customs brokerage, cargo consolidators, break bulk Roxas Highway, CFZ, Philippines
                                                                       agents, non-vessel common operating carrier (NVOCC), trucking
                                                                       services and other services deem appropriated as to the nature of
                                                                       the business and other related business activities only.

NOZOMI Fortune Services, Inc. (New Sub-lease Service Oriented          Exclusively as office for manpower services                              19 sq.m. Unit2A@-10, Philexcel Business Park,         Philippines
Agreement with Philexcel Business Park, Inc.)                                                                                                   M. A. Roxas, Clark Freeport Zone, Pampanga

NT LIVE INCORPORATED (New Sublease              Service Oriented       Exclusively as an office for Development of Building & Villas.           50 sq.m., located at Office Center No. 05 B,            Korea
Agreement with Berthaphil, Inc.)                                                                                                                Berthaphil III, Clark Center Jose Abad Santos,
                                                                                                                                                Clark Freeport Zone, Philippines.
NUTRI-EXCHANGE FOOD CORP. (New                Service Oriented         Exclusively for the operation of a kapampangan restaurant and      1,666.66 sq.m. located adjacent to Bldg. N6410-             Philppines
Sublease Agreement with Gold One Enterprises,                          steak house including catering and serving of kapampangan/Filipino 6413 M.A. Roxas, Highway, Clark Freeport Zone,
Inc.)                                                                  cuisine and other international dishes as well as different steaks Philippines.
                                                                       memu, beverages, mini bar and cafe for all locators, visitors and
                                                                       nearby areas of the Clark Freeport Zone.
ONE MIXES CATERING SERVICE                      Service Oriented       Exclusively to operate employees canteen, provide catering and           Portion of Bldg. 2430, Amertron Compound,             Philippines
(Concessionaire Amertron, Inc.)                                        food related services in the Clark Freeport Zone.                        Maloma St., Clark Freeport Zone, Philippines


OSTREA MINERAL LABORATORIES, INC. (New Service Oriented                Exclusively for environmental analysis, water and solid waste            100 sq.m, Unit 17D, Philexcel Business Park,          Philippines
Sublease Agreement with Philexcel Business                             analysis, air and noise monitoring, sampling and analysis, water        Inc., Clark Freeport Zone, Philippines.
Park)                                                                  potability testing, industrial indoor air quality, indoor environmental
                                                                       quality services, organic compounds analysis, mineral assaying and
                                                                       metallurgical testing and consultancy.

OUR LADY OF MT. CARMEL MEDICAL                  Service Oriented       Exclusively to establish a 24-hour satellite clinic with the following 1,336.10 sq.m., openspace lot 4 located along           Philippines
CENTER, INC. (New Lease Agreement)                                     supporting facilities; Emergency Room, Laboratory, Pharmacy, Lying- Ninoy Aquino Ave. (at the back of PLDT) Clark
                                                                       In Rooms, Ultrasound Room, X-Ray Room, Endoscopy Unit, Doctors Freeport Zone, Philippines
                                                                       Consultation Room, Business Office & Convenience Store.

Park Place Food, Inc., Assignee Flores De Mayo Service Oriented        Operation of a restaurant serving Chinese and other oriental dishes. Bldg. 2058, R.C. Santos Street, CFZ, Philippines          Philippines
Realty Inc.

People's Quest International Inc., Sub-lessee of Service Oriented      Office to engage in the business of contracting, enlisting, recruiting   Bldg 7170, Blue Diamond and Feati Streets,            Philippines
Kita Corporation                                                       professionals and workers both skilled and unskilled for                 CFZ, Philippines
Philippine Exporters Confederation, Inc., Region Service Oriented      local/overseas work and to act as agents of individuals or firms in
                                                                       to manage the One Stop Export documentation Center (OSEDC)               Bldg 2127 E. Quirino Ave corner C.P. Garcia           Philippines
III - Clark                                                            thereby expressing their commitment to support OSEDC's                   Ave, CFZ, Philippines
                                                                       operations to ensure speedy processing of couments and prompt
                                                                       shipment of goods.
Philippine National Bank-Clark       (Sub-lease Service Oriented       Office space and banking operation purposes only.                        Berthaphil III, Berthaphil Business Park, CFZ,        Philippines
Agreement with Berthaphil Business Park)                                                                                                        Phils.
Philippine Veterans Bank - Clark Branch         Service Oriented       to establish a banking facility.                                         Along E. Quirino Street, near CDC Corporate           Philippines
                                                                                                                                                Offices, CFZ, Philippines




                                                                                                          Page 47
                 ENTERPRISE                           TYPE OF PROJECT                                PROJECTS                                                       ADDRESS                           Nationality

POST 10 WORLD WIDE, INC., (New Sublease          Service Oriented       Exclusively to do render postal and courier services, messengerial        35 sq.m., Bldg. 1C, Berthaphil Compound V, Gil       Philippines
Agreement with Berthaphil, Inc.)                                        services, distribution of goods and services and others related           Puyat Avenue, Clark Freeport Zone, Philippines
                                                                        business activities herewith; to act trader and importer of mailable
                                                                        items for distribution within and outside the Philippines; To do letter
                                                                        shopping, pick and pack, and warehousing.

PTT Philippines, Inc. - Sub-lessee of Gold One Service Oriented         Establishment and operation of a full service gasoline station which M.A. Roxas Highway, CFZ, Philippines                      Philippines
Enterprises, Inc.                                                       will house a fueling forecourt with four pump islands, a convenience
                                                                        store, service and lube bays, rest rooms, food stalls, phone booths,
                                                                        automatic car wash and restaurant/fast food.

QUARTER LINE FOODS CORPORATION (                 Service Oriented       Exclusively for operation of restaurant business (Jollibee food           19 sq.m. located at Room 3 Philexcel Business        Philippines
Sublease Agreement with Berthaphil Inc.)                                outlet).                                                                  Arcade 2, Philexcel Business Park, M.A. Roxas
                                                                                                                                                  Highway, Clark Freeport Zone, Philippines.

Renato M. Lingat, Sr. (Royal Caribbean), Lessee Service Oriented        Selling Jamaican patties                                               Departure area of passenger terminal of DMIA,           Philippines
of CIAC                                                                                                                                        Civil Aviation Complex
Rikko Homes II, Inc. (CUSTOM CLEARANCE Service Oriented                 Construction, maintenance and operation of a Customs Clearance within the CDC designated Customs Clearance                     Philippines
FACILITY)                                                               Facility at the Customs Clearance Area within Industrial Estate - 5 to Area at the IE-5 CFZ, Philippines
                                                                        meet the warehousing and storage needs of the Bureau of Customs,
                                                                        Clark locators and Clark Developement Corporation. As shown in
                                                                        the attached site Developemtn Plan the following amenitites shall be
                                                                        included: Warehouse with loading dock; Office for Burau of
                                                                        Customs and CDC; Comfort Rooms; Cantten; Generator set.

Rizal Commercial Banking Corporation (RCBC) Service Oriented            Banking Facility. (incentives to ATP ONLY)                                Dyess Highway corner Wilson Street, Clark            Philippines
(Sub-lessee of Clark Trading Corporation) *                                                                                                       Freeport Zone, Philippines
RJC SECURITY AND INVESTIGATION AGENCY,           Service Oriented       Exclusively for office space as Training Center and Quarters only.        220 sq.m. (more or less), portion of Bldg. 7368,     Philippines
INC. (New Sublease Agreement with Victoria                                                                                                        located along A. Soriano Sr. St, Clark Freeport
Foods Company)                                                                                                                                    Zone, Philippines
ROBINSONS COVENIENCE STORES, INC.                Service Oriented       Exclusively for a Training Center Office intended for their new           130 sq.m. located at Office Suite a Berthaphil       Philippines
(New Sublease Agreement with Berthaphil, Inc.)                          business partner and personnel to be within the area of North to          III,The Center at Clark, Jose Abad Santos, Clark
                                                                        lessen the cost in training to Manila.                                    Freeport Zone, Philippines.

RONIE & DELIA CONVENIENCE MART (New              Service Oriented       Exclusively to operate a convenience store                                2nd Flr. PSPC Building Panday Pira, Clark            Philippines
Sublease Agreement with Phoenix                                                                                                                   Freeport Zone, Philippines.
Semiconductor Philippines Corp.)

Security Bank Corporation (Sublease Agreement    Service Oriented       Exclusively for banking services and allied use only                      100 sq.m. Clark Center Two Bldg.,-Retail 3,        Philippines/USA
with Berthaphil, Inc.)                                                                                                                            Berthaphil III Berthaphil, Inc. corner Jose Abad
                                                                                                                                                  Santos, Clark Freeport Zone, Philippines
SEMICONDUCTOR TEST SERVICES LLC (New Service Oriented                   Engage in semiconductor test engineering services and human               51 sq. m., Room 01, Philexcel Business Park,            USA
Sublease Agreement with Philexcel Business                              labor outsourcing for Texas Instruments Philippines and other             Inc., Clark Freeport Zone, Philippines
Park, Inc.)                                                             semiconductor companies in Clark and in other economic zones.
SERVICE RESOURCES, INCORPORATED                  Service Oriented       Exclusively to establish and operate a manpower services.                 50 sq.m., Office Center No.06D-1, Berthaphil III     Philippines
(New Sublease Agreement with Berthaphil, Inc.)                                                                                                    Clark Center, Jose Abad Santos Avenue, Clark
                                                                                                                                                  Freeport Zone, Philippines.
Seung Jin Phils., Const. Corp. (Sub-lease        Service Oriented       Exclusively to engage in the business of general builders and          50 sq.m. Office Center 06I-2 located at                   Korea
Agreement with Berthaphil, Inc. )                                       contractors such as plumbing, mechanical works, firing system,        Berthaphil III, Clark Center, Jose Abad Santos
                                                                        ducting, and other related activities in constraction of buildings,   Ave., Clark Freeport Zone, Philippines
                                                                        plant, houses, apartment and other structures inside the Clark
                                                                        Freeport Zone with Humantech Korea Phils. Corp. (HKPC) and/or
                                                                        Phoenix Semiconductor Philippines Corp. (PSPC) as its primary client.




                                                                                                          Page 47
                ENTERPRISE                           TYPE OF PROJECT                               PROJECTS                                                          ADDRESS                                 Nationality

S.L.K. FILIPINO FOOD DISTRIBUTOR (New           Service Oriented       Exclusively as an office, warehousing and packaging of local             18 sq.m, Room 1, Business Center 1 and 100                    Philippines
Sublease Agreement with Philexcel Business Park                        consumer goods such as canned goods, toiletries, food stuff, juices,     sq.m.,Unit 17M, Philexcel Business Park, Inc.
Inc.)                                                                  noodles, cereals, biscuits, etc., for 100% export to Australia, Middle   Clark Freeport Zone, Philippines
                                                                       East, and other Asian Countries.
Shi Cheng Freight Forwarding Corp. (Sub-lease   Service Oriented       Exclusively as an office providing services specifically in booking       50 sq.m. Office Center 06J-2 located at                   Philippines/USA
Agreement with Berthaphil, Inc.)                                       client’s shipments that are into export and import business.             Berthaphil III, Clark Center, Jose Abad Santos
                                                                                                                                                Ave., Clark Freeport Zone, Philippines
SHINYOUNG ENTERPRISES CORPORATION (New Service Oriented                Exclusively for Korean Grocery marketing and selling Korean goods        156 sq.m.Unit 44B, Regency Park Townhouses,                Philippines/Korea
Sublease Agreement with CFZ Regency Park,                              to residents and other clients inside the Clark Freeport Zone.           Jose Abad Santos Ave., corner E. aguinaldo St.
Inc.)                                                                                                                                           and Rio Grande St., Clark Freeport Zone.

SIMON & STANLEY INTERNATIONAL TRADING         Service Oriented         Office and warehouse hub to supply, install and service all types of     CFZ, Philippines                                              Philippines
AND DEVELOPMENT CO., INC. (New Sublease                                appliances and air conditioners both for residential and industrial
Agreement with Comclark Network & Technology,                          establishments within Clark and Constructive export to other
Inc.)                                                                  Economic Zone, Freeport Zone and to other Tax Exemt Entities.

Singleton Inc. (Sub-lease Agreement with        Service Oriented       Exclusively for an office space for consulting, Product sales of         32 sq. m., Room 3, Business Arcade 1, Philexcel Business   Philippines/USA
Philexcel Business Park)                                               helmets, riot gear, body armor, uniforms, boots, professional            Park, Inc. M. A. Roxas Highway, Clark Freeport Zone,
                                                                       (security) use boats, security/military accessories (canteens) batons,   Philippines
                                                                       weapon sights), specific "on demand" items from clients (ie
                                                                       compasses, climbing gear, binoculars, etc.) networking, charitable
                                                                       operations.
Smartnet Philippines, Inc. (Sub-lessee of Service Oriented             To use the sub-leased property for its Office space and will be          Building 4021 Centennial Road, CFZ, Philippines               Philippines
Comclark Network and Technology Corporation)                           engaged in Internet protocol Satellite Services (IPSAT)-in
                                                                       partnership with the sales services and maintenenace of Comclark's
                                                                       Trunking Radio System, and warehousing/trading of information
                                                                       technology (IT) products such as routers, switches, hubs, fiver
                                                                       transceivers, networking products, structured cabling products,
                                                                       multiplexers and terminal servers; and telecommunication products
                                                                       such as public trunk radio communication, public radio paging
                                                                       system, portable radio, repeaters, microwave equipment, antennas
                                                                       and accessories, telecommunications cable (heliax, coaxial,
                                                                       50ohms), lighting protection and grounding system using Comclark's
                                                                       warehouse.

SMILE MAKE OVER (New sublease Agreement         Service Oriented       Exclusively for dental spa & aesthetic center.                           1 Office of Clark Hauz Building, Lot 2,                       Philippines
with Clark Hauz Holdings Corporation)                                                                                                           Bayanihan park, M. A. Roxas Highway, Clark
                                                                                                                                                Field, Angeles City.

Snack N Treat Corporation, Sub-lessee of Service Oriented              Convenience Store to service members and guest of Fontana Ground Floor Club House B. Fontana Leisure                                   Philippines
Fontana Development Corporation                                        Leisure Parks.                                            Parks, C.M. Recto, Highway, CFZ, Philippines

SPECTRUM BLUE STEEL-SAN FERNANDO         Service Oriented              Exclusively as an Administrative Office Use only                         100 sq. m., Office Center No. 06H, Berthaphil III             Philippines
CORPORATION (New Sublease Agreement with                                                                                                        Clark Center, Jose Ababd Santos Avenue, Clark
Berthaphil, Inc.)                                                                                                                               Freeport Zone, Philippines
SPE Food Enterprises Philippines Corporation Service Oriented          1. Operate the Korean House Restaurant 2. Administrative Office Building 1992, and 1995, Mimosa Drive, Mimosa                          Philippines
(with Expansion Project)                                               for the preparation of business plans and other requirements for an Leisure Estate, CFZ, Philippines
                                                                       internet business to business establishments in Clark.

SS Clark Trading & Builders Inc. (Sub-lease Service Oriented           Exclusively as office space to supply materials for Donggwang Clark 50 sq. m. located at Office Center No. 061-1,                        Korea
Agreement with Berthaphil, Inc.)                                       Ode Country Officetel project on a wholesale basis                  Bethaphil III, The Center at Clark, Jose Abad
                                                                                                                                           Santos, Clark Freeport Zone, Phils.
STARBOARD MANPOWER SERVICES, INC. (New          Service Oriented       Exclusively engage in manpower services business, by providing      21 sq.m. located at Unit 1F-4 Philexcel Business                   Philippines
Sublease Agreement with Philexcel Business                             manpower services to the client.                                    Center 6, Philexcel Business Park, M.A. Roxas
Park)                                                                                                                                      Highway, Clark Freeport Zone. Philippines.




                                                                                                         Page 47
               ENTERPRISE                            TYPE OF PROJECT                               PROJECTS                                                       ADDRESS                                Nationality

STOTSENBERG HEALTHCARE SYSTEM, INC. Service Oriented                   Exclusively for medical insurance packages targeting employees          72 sq. m. Unit 12, Lilly Hill Plaza, C.M. Recto            Philippines
(New Sublease Agreement with LandBank of the                           and corporations operating within the Clark Freeport Zone. Offering     Highway, Clark Freeport Zone, Philippines
Philippines)                                                           bundled packages that will be distinct from those offered by other
                                                                       healthcare organizations such as a. Full medical diagnostics
                                                                       services at the SMCI Laboratories; b. mobile diagnostic services; c.
                                                                       On-site advise on management of medical services; d. Medical
                                                                       consultations by in-house physicians for their members; e.
                                                                       Healthcare coverage at accredited hospitals.
Stotsenberg Medical Center, Inc., Sub-lessee of Service Oriented       a. Medical service facility including Blood chemistry, Cholesterol Stall Nos. 13, 14, 15, portion of Lilly Hill Plaza,             Philippines
Land Bank of the Philippines                                           and Sugar determinations, X-Ray and Ultrasound Services, C-12 C.M. Recto Highway, CFZ, Philippines
                                                                       protein Chip Tumor Marker Determinations; b) Operation of a
                                                                       Pharmacy; c) Medical Transcription; and d) Trading

STS Semiconductor and Telecommunications Service Oriented              Exclusively for interim office space only                               454.05 sq.m. open space & 284.95 sqm. (more                  Korea
Co., Ltd. (Lease Agreement)                                                                                                                    or less) Bldg. 2087, located along Cardinal St.,
                                                                                                                                               Clark Freeport Zone, Philippines.

SUCCOSO CAFETERIA (New Sublease                Service Oriented        Exclusively for canteen, food & catering services.                      230 sq.m. C-1 Building, Berthaphil I, Compound            Philippines
Agreement with berthaphil, Inc.)                                                                                                               Clark Freeport Zone, Philippines.



Surefund Finance Corporation (Sub-lease Service Oriented               Exclusively for the office space use to cater financing/lending         25 sq. m. 2nd floor Clark Hauz Bldg., Lot 2,              Philippines
Agreement     with   Clark    Hauz     Holdings                        operation with employee's business and individuals within Clark         Bayanihan Park, M. A. Roxas Highway, Clark
Corporation)                                                           Freeport Zone, Angeles City and nearby municipalities                   Field, Angeles City
Techno Trade Alliance Corp. (Sub-lessee of Service Oriented            To engage in Baskin and Robin Ice Cream Parlor, Mrs. Field's            Dyess Highway,beside Lily Hill, Clark Freeport             Philippines
Bellfoods Corp.)                                                       Cookies and Subway Sandwish outlets.                                    Zone, Philipppines
The Northern Office Arts and Crafts (New Sub- Service Oriented         Exclusively for sales and marketing consultancy for various             26 sq. m. , Philexcel Business Park, Inc. M. A.            Philippines
lease Agreement with Philexcel Business Park)                          Philippines based companies                                             Roxas     Highway,     Clark   Freeport      Zone,
                                                                                                                                               Philippines

The Red Crab Food Group, Inc., Assignee of The Service Oriented        To operate the Red Crab Seafood and Steaks Restaurant.             Bldg 2078, within Mimosa Leisure Estate, CFZ,                  Philippines
Red Crab Seafood & Steaks Restaurant                                                                                                      Philippines
THYNE AND MHER FOOD SERVICES (with             Service Oriented        Exclusively for canteen operations.                                Billerby Corporation, Factory 14A/C, 15BCD                     Philippines
Billerby Corporation                                                                                                                      Philexcel Business Park, M.A. Roxas Highway,
                                                                                                                                          Clark Freeport Zone, Philippines.
TMC Recycling Technology Clark, Inc. (New Sub- Service Oriented        Exclusively rendering services consisting of collecting, sorting, 324 sq. m. Bldg. 03 Berthaphil Compound V, Gil              Philippines/Cayman
lease Agreement with Berthaphil Business Park)                         identifying, destroying, crushing, processing, recycling, treating Puyat Avenue, Clark Freeport Zone, Philippines


TRISHA & MANOY'S TURO TURO ATBP. (New          Service Oriented        Exclusively for canteen operations.                                     Nanox Philippines, I-E5 Clark Premiere Industrial         Philippines
Concessionaire Agreement with Nanox                                                                                                            Park, M. A Roxas Highway, Clark Freeport Zone,
Philippines, Inc.)                                                                                                                             Philippines.
TRUE GREEN ENERGY GROUP CORP. (New             Service Oriented        Exclusively only for office marketing/sales of biospheres.               401 sq.m., Room 2-9, Business Arcade 1/Room         Philippines/British/USA
Sublease Agreement with Philexcel Business                                                                                                     1 Business Arcarde 2/ Room 6-8 Business
Park)                                                                                                                                          Arcade 3, Philexcel Business Park, M. Roxas
                                                                                                                                               Highway, Clark Freeport Zone, Philippines.

TRUE GREEN ENERGY GROUP CORP. (New             Service Oriented        Exclusively only for office marketing/sales of biospheres.               1,360 sq. m. of land bounded by Ninoy Aquino        Philippines/British/USA
Sublease Agreement with Berthaphil,Inc.)                                                                                                       Avenue and M. A. Roxas Highway, located within
                                                                                                                                               the Clark Freeport Zone.
UNIVERSAL ACCESS AND SYSTEMS SOLUTIONS         Service Oriented        Exclusively for the office space of payperview ( video on demand)       30 sq.m. of 3 storey Bldg. of Comclark Building           Philippines
PHILS, INC. (New Sublease Agreement with                               (hotels) Fontana systems integration, call centers solutions, Holiday   M.A. Roxas Highway, Clark Freeport Zone,
Comclark Network and Technology, Inc.)                                 Inn and other locators.                                                 Philippines

UNITED COCONUT PLANTERS BANK (UCPB) Service Oriented                   Exclusively as branch site for United Coconut planters Bank.            Stall Nos. 20,21 & 22, Lilly Hill Plaza, C. M.            Philippines
(New Sublease Agreement with Land Bank of the                                                                                                  Recto Highway, Clark Freeport Zone, Philippines
Philippines)+C371




                                                                                                         Page 47
                ENTERPRISE                           TYPE OF PROJECT                              PROJECTS                                                    ADDRESS                               Nationality

UNIVERSITY OF THE PHILIPPINES                   Service Oriented       Establishment of permanent site for UP Clark campus to be known      3.28 has, Open space located at the back of the          Philippines
                                                                       as "UP Clark University Town"                                        leased properties of Puregold Duty Free Stores
                                                                                                                                            and Brooks Warehousing Corporation along C.M.
                                                                                                                                            Recto St., Clark Freeport Zone, Philippines

VIRGINIA YABUT CANTEEN (New Sublease            Service Oriented       Canteen operations                                                   Lily Hill Road, Gil Puyat Avenue, Clark Freeport        Philippines
Agreement with Golden Stone Garments Inc.)                                                                                                  Zone, Philippines
Vision Express Laboratories, Inc., Sub-lessee of Service Oriented      To engage in and carry on the business of importing and exporting, Unit 21E, M.A. Roxas Highway, CFZ, Philippines       Philippines/USA/British
Philexcel Business Park, Inc.                                          manufacturing and processing, selling or buying at wholesale, or
                                                                       otherwise dealing in optical lenses, contact lenses, spectacles and
                                                                       optical appliances, including but not limited to optical machineries,
                                                                       equipment, instruments and other optical articles wares,
                                                                       merchandise and commodities.

                                                                       Sub-lessee shall export at least 70% of their finished product in
                                                                       order to be allowed registration and renewal as a CSEZ enterprise.

Waterlympics CSEZ Purified Drinking Water, Service Oriented            Processing, selling and distribution of purified water, ice and other 1,360 sq. m. of land bounded by Ninoy Aquino            Philippines
Assignee of Waterman Clark, Inc.                                       related products only.                                                Avenue and M. A. Roxas Highway, located within
                                                                                                                                             the Clark Freeport Zone.
Wind Tunnel International, Inc.                 Service Oriented       To engage in Full service gasoline station which will include the Building 1759, M.A. Roxas Highway, CFZ,                     Philippines
                                                                       following facilities: Primary Faciliteis: Minimum one (1) pump Philippines
                                                                       island; Each forecourt/pump island should have a minimum of two
                                                                       (2) brand new electronic fuel pumps with large luminous display and
                                                                       volume monitor read out with preset buttons and Point of Sales
                                                                       (POS) interface capability; Each fuel pump shall have three (3)
                                                                       distribution lines for diesel, unleaded and super premium; Rest
                                                                       rooms; Car service; Lube bay; Car wash area; Ample parking space;
                                                                       Optional Ancillary Facilities:        Restaurant and food stalls;
                                                                       Convenience store.
WIDE WIDE WORLD EXPRESS                  Service Oriented              Exclusively as office for courier service use only.                 50 sq.m., Office Center No. 06E-2 Berthaphil III          Philippines
CORPORATION (New Sublease Agreement with                                                                                                   Clark Center, Jose Abad Santos Avenue, CFZ,
Berthaphil Inc.)                                                                                                                           Philippines
WONTECHPHIL INT'L CORP. (Sublease        Service Oriented              To engage in IT infrastructure consultancy and construction,        50 sq.m. Office Center No. 05C-2 Berthaphil III,            Korea
Agreement with Berthaphil, Inc.)                                       maintenance and installation of networking and system integration   Clark Center Jose Abad Santos Avenue, Clark
                                                                       without however engaging as internet service provider, import       Freeport Zone, Philippines
                                                                       materials for installing Fire Alarm System, Electrical, Cable
                                                                       Connection and Security System like CCTV for locators in Clark
                                                                       Freeport Zone (i.e. Phoenix Semiconductor Philippines Corp.), Subic
                                                                       Freeport Zone (i.e. Hanjin) and PEZA Zones.”

Worldstar Pacific, Inc., Sub-lessee of Philexcel Service Oriented      Office purposes to handle the licensing of manufacturing, assembly Unit 1A3, M.A. Roxas Highway, CFZ, Philippines          Philippines/USA
Business Park, Inc.                                                    and distribution of Worldstar Automobiles nad utility line vehicles in
                                                                       the Asia Pacific Region only.
Yanmar Engineering Co. Ltd.          (Sub-lease Service Oriented       Exclusively for as a representative office and training school for      510 sq.m. Bldg. 03, Berthaphil II, South                Japan
Agreement with Berthaphil, Inc.)                                       diesel engine operation.                                               Compound, Bayanihan St., Clark Freeport Zone,
                                                                                                                                              Philippines, Jose Abad Santos Ave., Clark
                                                                                                                                              Freeport Zone, Philippines.
Y-I Leisure Philippines, Inc., (Brunello) Sub- Service Oriented        Development and operation of a wine bar/café and specialty Brunello Bldg, Clear Water Country Club,                       Philippines/British
lessee of YI Leisure (Clark) Inc.                                      restaurant and for some sports facilities.                 Centennial Road, Corner Creekside

Y-I Wine Club - VINCAFE (Expansion), Sub- Service Oriented             Operation of a wine bar/café and specialy restaurant and for some located within the function and conference area         Philippines/British
lessee of YI Leisure Clark, Inc.                                       sports facilities (Tennis Court).                                 in the Clearwater Development Plan, CFZ




                                                                                                       Page 47
                ENTERPRISE                         TYPE OF PROJECT                                  PROJECTS                                                       ADDRESS                              Nationality

YI Wine Club, Inc.                            Service Oriented          a) Digital Musical Studio; b) Recording Studio; c) Snack                Bldg-Former Mimosa Fun House                            Philippines/UK
                                                                        Bar/Restaurant; d) Wine Bar and Pub; e) Catering Services; f) Food      located along Mimosa Drive within the former
                                                                        and Service Concessionaire; g) Other related food service,              Mimosa Leisure Estate, CFZ
                                                                        entertainment.
Y-I Wine Club, Inc. - Assignee of YI Leisure Service Oriented           Operation of Gasthof German Cuisine Restaurant as a Food, Cigar         Building 1988, Mimosa Leisure Estate, CFZ             Philippines/British
(Clark) Inc. (Gasthoff)                                                 and Wine Club, exclusive only for members and their guests.


Yusen Air and Sea Services Phils. Inc., Sub- Service Oriented           Office purposes and shall not utilize or devote the premises for any CASSC Cargo Center, Diosdado Macapagal                       Philippines
lessee of Clark Airport Support Services                                other use without prior written consent of the Sub-lessor.           International Airport, CFZ
Corporaiton
Zen Restaurant Corporation                   Service Oriented           Operation of a restaurant serving Japanese and other oriental Bldg 2003, along Mimosa Drive within the former                    Philippines
                                                                        dishes.                                                       Mimosa Leisure Estate, CSEZ
TOURISM ESTATE PROJECT
A-TECH KOREA CO., LTD, (New Lease             Tourism Estate Project    Retirement Estate Project with the following facilities: 84 (+/-) luxury 32,000 sq.m. more or less of Lot 5 & Lot 6, along          Korea
Agreement)                                                              villas, swimming pools, picnic areas, open playfields, meditation        Malago St., Clark Freeport Zone, Philippines.
                                                                        gardens, entrance gate, roadways & pathways and security or
                                                                        maintenance facilities.

BB    International   Leisure   and    Resort Tourism Estate Project    Hotel, resort, recreation, amusement, entertainment, casino, and 2H-I, M.A. Roxas Highway, CFZ, Philippines                  Belize/China/Filipino
Development                                                             related business; to plan, design, and construct buildings and
                                                                        facilities for hotel, resort, recreation, amusement, entertainment,
                                                                        casino, and related purposes; to purchase, lease, or otherwise
                                                                        acquire, and to sell, lease, or otherwise dispose of the same; to
                                                                        operate, conduct, and carry on the hotel, resort, recreation,
                                                                        amusement, entertainmetn, casino, and related business and all
                                                                        adjuncts and accessories thereto, including, but not limited to,
                                                                        restaurants, bars, barber shops, news and cigar stands, health and
                                                                        fitness centers, spas, golf and athletic facilities, theme parks and
                                                                        amusement centers, duty-free shops, convention and business
                                                                        centers, casinos, and the like; to do and perform any and all things
                                                                        for the pleasure, comfort, convenience, and amusement of guests
                                                                        and the general public; and generally to do any and all things
                                                                        necessary, pertinent, or convenient to the purposes herein stated;
                                                                        Operation of a duty-free shops shall be subject to the outcome of
                                                                        the Incentive Law.
BEST JOINT GROUP VENTURE, INC. (New           Tourism Related Project   Exclusively to establish a fusion restaurant serving Asian, American,   7,620 sq. m. open space located at the corner of      Philippines/Korea
Lease Agreement)                                                        European and other gourment dish that will become a cuisine             C. M. Recto Highway and Blue Diamonds Street
                                                                        destination and support Clark's tourism project. To put up              of the Clark Freeport Zone, Philippines
                                                                        contemporary designed commercial stalls for sublease. These stalls
                                                                        will cater to stores that will compliment the growing community
                                                                        inside Clark e.g. specialized grocery, beauty parlor and barber shop,
                                                                        drugstore, convenience store, communication gadgets and internet
                                                                        cafe, etc.
Café Mesa Coffee Shop, Sub-lessee of Aritake Tourism Estate Project     Café and Internet café                                                  CFZ, Philippines                                          Philippines
Estates, Inc.




                                                                                                         Page 47
                ENTERPRISE                           TYPE OF PROJECT                                   PROJECTS                                                      ADDRESS                          Nationality

Clark Hauz Holdings Corporation                 Tourism Estate Project    1) Establishment and operation of "Clark Amusement Park" Lot I and Lot II bounded by Fields Avenue, M.A.                     Philippines
                                                                          complete with support facilities including restaurant, food stalls, Roxas Highway, CFZ, Philippines
                                                                          souvenir shops and others as illustrated in the attached site
                                                                          development plan and architect's perspective. The amusemnet park
                                                                          rides include but not limited to the following which may be upgraded
                                                                          and or replaced from time to time: Revolution (size: 6 meters
                                                                          diameter) Carousel (Size=18 meters diameter) Bump Car (Course
                                                                          Area = 108 sq.m.) Safari ride (Course Area 70 sq.m.) Octopus (size
                                                                          = 18 meters diameter) Circus Train (Course Area = 140 sq.m.)
                                                                          Bingorama (Area 108 sq.m.); 2) Parking lot and Multi-purpose
                                                                          amusement and recreational activities and support structures and
                                                                          amenities.

Clark Hauz Holdings Corporation (Lot 2)         Tourism Estate Project    Establishment and Operation of a pay parking lot with food chain         lot 2 bounded by Fields Avenue and M.A. Roxas       Philippines
                                                                          restaurants and a multilevel commercial building with stalls for         Highway, CFZ, Philippines
                                                                          general merchandise.
Clark     International   Recreation    Holding Tourism Estate Project    Office for its business of acquiring and owning another company that     2nd floor Club House B, Fontana Leisure Parks,   Philippines/China
corporation, Sub-lessee of Fontana Development                            is principally engaged in tourism or recreation business.                C.M. Recto Highway
Corporation
CLARK NATURE PARK, INC., (CNPI) (New            Tourism Estate Project    Exclusively to develop the existing picnic ground into a nature park     5.28 has. More or less of land bounded by Gil       Philippines
Lease Agreement)                                                          with sports, recreational and commercial facility.                      puyat highway located within the Clark Freeport
                                                                                                                                                  Zone.
Clark    Resort  Travel    and    Amusement Tourism Estate Project        Management and operation of the Fontana Casino in behalf of the 2nd Floor Club House B, C.M. Recto Highway,               Philippines/Japan
Corporation,    Sub-lessee     of   Fontana                               Fontana Development Corporaiton, and to establish a business CFZ, Philippines
Development Corporation                                                   office through which the company will manage the said casino and
                                                                          other gaming and amusement centers or facilities that it later on may
                                                                          lease or manage.
CLARK RIDING STABLE, INC. (New Lease            Tourism Estate Project    To provide horseback riding services to the A, B and upper C            9,497 sq.m., openspace & 705 sq.m. floor area,       Philippines
Agreement)                                                                residents and local tourists; Foreign visitors/tourists; visiting U.S.  Panday Pira corner Gil Puyat Avenue, Clark
                                                                          Forces Personnel; Former U.S. Airforce bases residents and their        Freeport Zone, Phils.
                                                                          families; Balikbayans;, develop a cowboy western town theme park
                                                                          attraction including such amenities as bar, restaurant, souvenir store,
                                                                          shows, and other related facilities
Clarky's Bike Land Cycle Center                 Tourism Related Project   Bicycle and Skating Rink Station including Function Hall, Office and located Picnic Ground, CFZ, Pampanga                    Philippines
                                                                          comfort room.

Clearwater Country Club, Inc., Assignee of YI Tourism Related Project     1) Recreational club house with function rooms, restaurants, located along the Main Highway (Creekside                    Philippines/British
Leisure (Clark), Inc.                                                     specialty shops theater, indoor sports and recreational facilities; 2) Road) and bounded by Tandang Sora, H. Del
                                                                          Water theme park with swimming pools and lazy river; 3) Poolside Rosario, R. Magsaysay Sts., CFZ, Philippines
                                                                          bar and garden café; 4) Outdoor sports and recreational facilities; 5)
                                                                          Low to medium rise lodging facilities (garden apartments); 6) Mini-
                                                                          mall, specialty shops and convenience stores; 7) Any other
                                                                          recreational, leisure and/or ancillary facilties relating to the
                                                                          operation, maintenance and managemtn of the Country Club; 8) to
                                                                          engage in any activitiy necessary to pursue the committed functions
                                                                          including hte sale of shres for the member ship

COMMUNITY GAMING AND AMUSEMENT                  Tourism Related Project   Exclusively to operate, manage, and conduct a casino and gaming          4,674 sq.m. of the Oxford Hotel located along       Philippines
NETWORK, INC.(Sub-lease Agreement with                                    operation and other allied activities.                                   Manuel A. Roxas St. Corner N. Aquino Avenue,
Eight Integrated Development Corporation)                                                                                                          Clark Freeport Zone, Philippines.
CPR PALM RESORT CORPORATION (New                Tourism Estate Project    Development of hotel/villa, office, restaurant, health building (gym),   26,000 sq.m., open space bounded by E.                 Korea
Lease Agreement)                                                          swimming pool, utility building, fence, pathways, roads and parking      Aguinaldo St. & Abacan St., Clark Freeport
                                                                          lot.                                                                     Zone, Philippines.




                                                                                                            Page 47
                ENTERPRISE                          TYPE OF PROJECT                                  PROJECTS                                                       ADDRESS                            Nationality

Donggwang Construction Co., Ltd.               Tourism Estate Project   Exclusively to develop a tourism, recreational and leisure estate         300 hectares, more or less, suituated at the            Korea
                                                                        which will have the following amenities and support facilities; a.)       Clark Freeport Zone also known as the Subzone
                                                                        guard house, b.) retirement villas c.) playground d.) golf course e.)     Area.
                                                                        club house and casino f.) hotels g. ) swimming pool h.) picnic
                                                                        gardem l.) jogging and biking path j.) ecopark and k.) mechanical
                                                                        bldg.
Eight Integrated Development Corp.             Tourism Estate Project   Construct, manage and operate a hotel complex, complete with              along Manuel Roxas Highway, Ninoy Aquino              Philippines
                                                                        restaurants, cocktail lounges, disco and karaoke bars, specialty          Avenue and J. Villamor St., Clark Freeport Zone,
                                                                        stores, convenience and souvenir stores, entertainment and                Philippines
                                                                        amusement centers, theaters, swimming pools, sports and
                                                                        recreation centers, airline and travel agencies, limousine services,
                                                                        day-care centers, barber shops and beauty parlors, laundry and dry-
                                                                        cleaning centers, business function and convention centers, banks
                                                                        and all other similar or incident activities thereto (collectively, the
                                                                        "Hotel").
Fontana Development Corporation (Formerly: Tourism Estate Project       1) golf courses; 2) Country Club operations; 3) Corporate                 located at C.M. Recto Highway, Mabalacat Road,        Philippines
RN Development Corp.)                                                   Housing/Luxury village or 4) Chalets/Medium type facilities 5)            Perimeter Fence and Prince Balagtas Avenue,
                                                                        Casino 6) Hotel and Restaurants/Fastfood outlets; 7) Shopping Mall,       CFZ, Philippines
                                                                        Water Theme Park and other Parks, Resort Complex; and 8) Other
                                                                        related recreational facilities.
Fontana Resort and Country Club (FRCC), Tourism Estate Project          1) Golf courses; 2) Country Club operations; 3) Corporate                 located at C.M. Recto Highway, Mabalacat Road,        Philippines
Assignee of RN Development Corp. (RNDC)                                 Housing/Luxury village or 4) Chalets/Medium type facilities 5)            Perimeter Fence and Prince Balagtas Avenue,
                                                                        Casino; 6) Hotel and Restaurants/Fastfood outlets; 7) Shopping            CFZ, Philippines
                                                                        Mall, Water Theme Park and other Parks, Resort Complex; and 8)
                                                                        Other Related Recreational Facilities.
Green Canton Leisure Farms Corp. (New Lease Tourism Estate Project      To promote eco-tourism by bldg. Cottages, picnic areas swimming           296,000 sq.m. more or less, situated at sitio         Philippines
Agreement)                                                              pool and other outdoor sports. Production of hybrid yellow corn to be     Balacbac, San Vicente, Bamban, Tarlac, Sub-
                                                                        sold to piggery/poultry feed manufacturers. To build a Farm Resort        zone (Sacobia Area) within Clark Freeport Zone,
                                                                        for the production of organic green leafy vegetables for Clark main       Philippines
                                                                        Zone restaurant's consumption. Mud fish and tilapia to be harvested
                                                                        and delivered live in aquariums to nearby restaurants and
                                                                        consumers at the CFZ. To plant mangoes and other fruit bearing
                                                                        trees. To utilize mountain slopes by planting mahogany, narra,
                                                                        molave and other trees for future use as lumber/timber to be
                                                                        harvested after 20 to 25 years.

HAE O RUM DEVELOPMENT CORPORATION              Tourism Estate Project   Exclusively for 1. Driving range facilities including: double deck tees   2.75 has. open space with Building 6004 of         Philippines/Korea
(New Lease Agreement)                                                   with computarized swing analyzers; netted fences; detachable              1,718 sq.m., located beside the Oxford Hotel
                                                                        compound lighting; Operation of physical fitness gym, spa and             bounded by M.A. Roxas Highway Villamor
                                                                        therapeutic facilities; 2. English language proficiency training and      Streets of the Clark Freeport Zone. Philippines
                                                                        lodging facilities; 3. Operation of Golf Pro Shop; 4. Educational
                                                                        Tour; 5. Operation of specialty restaurants and entertainment
                                                                        facilities; 6. Operations of an International College (Bachelor of
                                                                        Science in Education major in English and Sports); and 7. Hotel,
                                                                        Dormitory and Business Center.
Holiday Inn Resort ClarkField                  Tourism Estate Project   To engage in the operation of hotels and resorts.                         Wint Ave., Clark Freeport Zone, Philippines           Philippines

Asiangreen Ville Corporation(Assignee of J & K Tourism Estate Project   "For residences, Offices and Restaurant complex project" including: Bldgs 2436 to 2442, CFZ, Philippines                     Philippines/Korea
Golf Training Center Company LTD.)                                      Fencing;     Playground;     Swimming     Pool;    Jacuzzi    bath;
                                                                        Pavillon/clubhouse; Parking; Putting Green; Cottage; Landscaping

JB CRESTA CORPORATION (Lease Agreement)        Tourism Estate Project   Business center equipped with fax, internet, mini conference room,        512.62 sq.m. openspace & 342.38 sq.m. floor             Korea
                                                                        and photocopiers, business office, planning office, and a hub for         area of Bldg. 2084 located along Cardinal Santos
                                                                        future real estate development.                                           Street, Clark Freeport Zone, Phils.




                                                                                                          Page 47
                 ENTERPRISE                             TYPE OF PROJECT                                   PROJECTS                                                       ADDRESS                            Nationality

JB CRESTA CORPORATION (Lease Agreement)            Tourism Estate Project    Development and construction of housing and leisure town which    12.3674 hectare,open space located along                        Korea
                                                                             includes villas, clubhouse, water park and subsidiary facilities. Abacan and Chico Street, Clark Freeport Zone,
                                                                                                                                               Philippines
Kilton Motor Corporation                           Tourism Estate Project    Establishment of an International Race Track for karting and drag Gil Puyat Ave., near Mabalacat Gate, CFZ,                     Philippines
                                                                             racing, and foreign participants.                                 Pampanga
KILTON MOTOR CORPORATION                           Tourism Estate Project    Expansion of the existing International Race Track.               13.7292 has. Open space (expansion area),                     Philippines
                                                                                                                                               located along Panday Pira Ave., Clark Freeport
                                                                                                                                               Zone, Philippines

MORNING CALM LEISURE ESTATE CORP.                ( Tourism Estate Project    Retirement Villege                                                         10,417 sq.m., open space, located along Rio            Korea
Lease Agreement)                                                                                                                                        Grande de Pampanga St, Clark Freeport Zone,
                                                                                                                                                        Philippines
Mugunghwa - Clark, Inc. (MCI) (Lease               Tourism Related Project   Exclusively for operation of restaurant, café, convenience store,          356 sq. m. Bldg. 1999B, along Mimosa drive,       Philippines/Korea
Agreement)                                                                   souvenir shop, golf cart rental, golf tours and massage spa or             Mimosa Leisure Estate, CFZ, Philippines
                                                                             wellness center
New Wellbeing Spa City Corporation                 Tourism Estate Project    Spa and Gift Shop with support amenities including shower room, pu Redwood Club House (N1870), Red Wood                           Korea
                                                                                                                                                  Villas, CFZ, Pampanga
PHILIPPINE AMUSEMENT AND GAMING                    Tourism Related Project   Operation of hotel and casino and other complementary facilities.    24,356.10 sq.m. floor area with 135,733 sq.m.,             Philippines
CORPORATION (PAGCOR) (New Lease                                                                                                                   open space bounded by Creekside Road & M.A.
Agreement)                                                                                                                                        Roxas Highway, Clark Freeport Zone,
                                                                                                                                                  Philippines.
Philippine Tourism Authority (Lease Agreement)     Tourism Related Project   Exclusively to develop a wake boarding, tourism sports complex       20 has. of land, located in Sitio San Martin,              Philippines
                                                                             project facility                                                     Barangay San Vicente, Sacobia within, more
                                                                                                                                                  particularly described as the Next Frontier
RIKKO HOMES, INC. (RHI) (Lease Agreement)          Tourism Related Project   Exclusively to establish residential villas with clubhouse and other 7,740 sq.m., open space along Rio Grande de                Philippines
                                                                             support facilities (e.g. convenience store, restaurant, etc.).       Pampanga Street, Clark Freeport Zone,
                                                                                                                                                  Philippines
RIKKO HOMES II, INC., (2nd Supplemental            Tourism Estate Project    Establishment of a multi purpose function hall, bar-restaurant, coffee 302 sq.m. Flr. area of Bldg. 2103 & 1,755 sq.m.          Philippines
Lease Agreement)                                                             shop, catering services and other related activities and a parking lot. open space, Clark Freeport Zone, Philippines.

Ritz Ville Corporation                             Tourism Estate Project    Exclusively for tourism related (luxurious retirement estate)        55,504 sq. m. open space located along Malago                Korea
                                                                                                                                                  St., Clark Freeport Zone, Phils.
SA & E Homeland Realty Corporation (SA & Tourism Estate Project              Development of High-End Residential Resort Complex Project           123,593 sq. m., open space bounded by J. P.                Philippines
EHRC)                                                                                                                                             Rizal and Jose Abad Santos St., CFZ, Phils.
SIERRA GAMING ENTERPRISE ASIA, INC. (New Tourism Estate Project              Exclusively for office space use only for the coordination of casino 18.5 sq.m. located at the Ground Floor, Slot          Philippines/Malaysian
Sublease Agreement with Widus Internatuional                                 operations.                                                          Machine Section of Casino Widus, Bldg. 5400
Leisure Inc. (WILI).                                                                                                                              M.A. Roxas Highway, Clark freeport Zone,
                                                                                                                                                  Philippines.
Stotsenberg Leisure Park & Hotel Corporation       Tourism Estate Project    Hotel and Restaurant Complex project including: Restaurant; Bldg 7320, 7321, 7322, 7323, 7327, 7325, 7326                       Philippines
                                                                             Lobby; Function Room; Swimming Pool; Spa; Utilities; Theme Parks; along Gil Puyat Ave. cor. Andres Soriano St.,
                                                                             Sports & Recreational Facilities; Recreational Complexes.            CFZ, Phils.

Unified Sports, Incorporated                       Tourism Estate Project    To establish, operate, conduct, maintain, engaged in and carry on Bldg 7815, Clark Freeport Zone, Phils.                        Philippines
                                                                             the business of promoting managing shooting and other sports
                                                                             development or tourism activities.
Widus International Leisure, Inc.                  Tourism Estate Project    To engage in and undertake, the business of establishing, Bldg 5400, M.A. Roxas Highway, CFZ, Phils.                              Korea
                                                                             operating, maintaining, and/or managing resorts, golf courses, social
                                                                             athletics or country clubs, lodges, hotels, inns, sports and
                                                                             entertainment not prohibited by law, and other allied businesses, as
                                                                             well as any services and facilities incident thereto as per attached
                                                                             Site Development Plan (Annex A of Lease Agreement)

Widus International Leisure, Inc.                  Tourism Estate Project    Water Theme Park, Convention Center, Second Tower                          M.A. Roxas Highway, CFZ, Phils.                         Korea
YI Leisure (Clark), Inc.                           Tourism Estate Project    1). Recreational Club House with function rooms, restaurants,              Main Highway (Creekside Road) and bounded          Philippines/UK
                                                                             specialty shops, theater, indoor sports and recreational facilities; 2).   by Tandang Sora, H. Del Rosario, R. Magsaysay
                                                                             Water theme park with swimming pools and lazy river; 3). Poolside          Streets, CFZ, Phils.
                                                                             bar and garden café; 4) Outdoor sports and recreational facilities; 5)




                                                                                                               Page 47
                 ENTERPRISE                              TYPE OF PROJECT                             PROJECTS                                                  ADDRESS                            Nationality


UTILITY
Angeles Electric Corporation*                      Untility                Operation of its sub-station (for Diamante Sub-Station and Milenyo). M.A. Roxas Highway, fronting the        Clark      Philippines
                                                                                                                                                Cemetery, Clark Freeport Zone, Phils.
Clark Electric Distribution Corporation            Utility                 to engage in, carry on and conduct the business of developing, CFZ,Phiippines                                           Philippines
                                                                           financing, constructing, rehabilitating, operating, maintaining and
                                                                           managing electric power systems heating plants, transmission and
                                                                           distribution systems, among others, exclusively to all persons,
                                                                           concerns, enterprises, or buildings within the CSEZ; to collect,
                                                                           demand and receive revenues, moneys, charges and other
                                                                           consideration from the aforesaid persons/clients for such supplies
                                                                           and services sold and rendered.
Clark Pipeline and Depot Co., Inc.                 Utility                 To engage in the rehabilitation, reconstruction, repair, renovation, CFZ, Philippines                                   Philippines
                                                                           maintenance, direction and operation of the Liquid Fuel Pipeline
                                                                           System between the Petroleum, Oil and Lubricant Facility at the
                                                                           Subic Bay Freeport Zone and the Petroleum, Oil and Lubricant
                                                                           Facility at the CSEZ in the Philippines, including all existing
                                                                           petroleum storage tanks pipelines, pump houses, control valves,
                                                                           refueling equipment, buildings, parts, appliances, appurtenances,
                                                                           accessories and related miscellaneous equipment located at the
                                                                           Clark Freeport Zone, Pampanga
Clark Water Corporation         (Formerly:   Clark Utility                 Operation and Maintenance of Water and Sewage System within the Bicentennial Hills, CFZ, Philippines                 Philippines/France
Vivendi Water Corporation)                                                 CSEZ, with the following rights as set out in the Concession
                                                                           Agreement dated March 16, 2000: a). Finance, design and
                                                                           construct the New Facilities b). Manage, exclusively possess,
                                                                           occupy, operate, repair, maintain, decommission and refurbish the
                                                                           Existing Facilities, except for the private deepwells set out in Table
                                                                           4.1b. of Schedule 4 (Existing Facilities) the negotiations for the
                                                                           acquisition and control of which shall be the sole responsibility and
                                                                           for the account of the Company, and manage, own, operate, repair,
                                                                           maintain, decommission and refurbish the New Facilities; c). Treat
                                                                           Raw Water and Waste Water in CSEZ; d). Provide and manage the
                                                                           Services; e). Bill and collect payment from the Customers for the
                                                                           Services; and f). Extract Raw Water exclusively from all sources of
                                                                           Raw Water including all catchment areas, watersheds, springs, wells
                                                                           and reservoirs in CSEZ free of charge by CDC.

Globe Telecom, Inc.                                Utility                 Cellular site (self support tower) for antennae and other located: on a portion at the top of Lily Hill, CFZ,           Philippines
                                                                           telecommunication, electronic and computer equipment or device at Phils.
                                                                           suitable designated areas within the Leased Premises.
Metro Clark Waste Management (MCWM) Utiltiy                                Integrated Waste Management Center                           Kalangitan Resettlement Area, CFZ, Sub-Zone,               Philippines
Corporation                                                                                                                             Capas, Tarlac, Phils.
PLDT CLARK TELECOM, INC. (Formerly Clark Utility                           To engage in the provision of telecommunications and related CFZ, Philippines                                           Philippines
Telecommunications Company, Inc.)                                          services and establishment, operation and maintenance of
                                                                           telecommunications facilities and networks in the CSEZ.
PTT Philippines Trading Corporation [Formerly: Utility                     Distributor of petroleum products within CSEZ                located portion of Bldg 7585, CFZ, Phils.                  Philippines
Subic Bay Fuels Co., Inc.], (TSA between CPDC
& SBFCI)
SMART COMMUNICATION, INC., Lessee of Utility                               to use the leased property for the DOT-SMART "I Love Philippines arrival lobby (former DOT Booth location) of the       Philippines
Clark International Airport Corporation                                    Biyahe Na!" booth (a joint venture of DOT and SMART) to cater to DMIA_IPT, CFZ
                                                                           the DMIA passengers' travel inforamtion requirements and other
                                                                           tourism related queries only.
GRAND TOTAL




                                                                                                          Page 47

				
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