M.2 List of Anticipated Consents

The list of Consents that the Parties anticipate as of the Execution Date will be required for the implementation of the Project is set out in Table M-1. The Parties acknowledge and agree that (i) this list is illustrative and not exclusive and that other Consents may be required in order to implement the Project and (ii) except as provided in the Agreement or as Agency may otherwise agree in writing, Company shall be responsible at its sole cost and expense for obtaining and maintaining all Consents, including any Consents that are not listed in Table M-1 that may be required.

TABLE M-1

LIST OF ANTICIPATED CONSENTS

CONSENT

1.

National Water Resources Board (NWRB)

1.1

Water Permit

1.2

Certificate of Public Convenience, if applicable

1.3

Approval of Tariff Adjustment Formula

2

Department of Environment and Natural Resources (DENR)

2.1

Environmental Compliance Certificate

2.2

Soil Disposal Site Permit/Industrial Waste Permit

2.3

Special Land Use Permit, if applicable

2.4

Proof of compliance with DENR Administrative Order No. 97-05 on the retention of areas within certain distances along the banks of rivers and streams, if applicable

3

National Commission on Indigenous People (NCIP)

3.1

Certification from the National Commission on Indigenous People that no ancestral land is affected by the Projct or, if ancestral land is affected, that free and prior informed consents of the indigenous communities concerned have been secured.

4

Concerned LGUs

4.1

Business/Mayor's permit and license

4.2

Sanitary/plumbing permit

4.3

Electrical, mechanical permit

4.4

Building, excavation permit

4.5

Health/sanitation certificate