WHERE THERE IS SMOKE, THERE IS FIRE

HON. MANUEL R. GAERLAN

President/ CEO

Clark Development Corporation (CDC) Clark Field, Pampanga

RE:10,323.3082 HECTARES ANCESTRAL DOMAIN UNDER CADT NO. R03-BAM-1402-025-A LOCATED AT BAMBAN, TARLAC AND MABALACAT PAMPANGA

SIR:

This is the

ELEVENTH SUPPLEMENT

to my letter dated February 15, 2021.

This further refers, among others ,to your Honor’s letter

“Re: OPEN LETTER OF MR OSCAR B. RIVERA ON 20% SHARE OF TRIBONG AETA”,

released thru your CDC office on 2 March 2021.

With due respect, it is highly unbelievable and without legal and factual basis, why the 20% share should NOT be given to TRIBONG AETA, considering the following, viz: TRIBONG AETA, thru Chairman/ President OSCAR B. RIVERA of BATA is the signatory of the JMA executed on December 6, 2007; OSCAR B. RIVERA is the duly elected President of BATA in the Elections of November 23, 2013, and there were no elections since then (3) Chairman OSCAR B. RIVERA is an original incorporator of BATA that was registered and incorporated on November 19, 1992.

On the other hand, SANGGUNIANG TRIBONG AETA (STA) was registered and incorporated only on May 2, 2017. Since December 6, 2007 up to May 2, 2017 or a period of 10 years and 7 Months, STA had no legal personality to deal on the JMA. It does NOT represent the totality of the ICCs/ IPs of CADT 025-A. It has only 7 incorporators that include OSCAR DIZON and the father-and-daughter tandem – Robert Serrano and Ruvielan SerranoMargarito.

The NON-giving of the 20% rightful share of TRIBONG AETA is attended by the website, to wit:

In press release – 23 August 2010,

2) In press release – 10 December 2010, despite fat paycheck scandal.

ANNEX “A” Philippine Clark Freeport businesses continue to suffer humiliation of CDC corruption.

ANNEX “B” Philippine President Aquino unable to remove Clark Pampanga CDC President Benigno Ricafort

3) Time and date in Clark Philippines is 7:43 PM

conspiracies, corruption and other forms of irregularities.

Tuesday, April 13, 2021,

Excer pt s

“Cor r upt i on in Clark Philippines exposed but CDC President Benigno Ricafort unwilling to relinquish juicy top post CEO of Clark Freeport Zone. xxx.

“Ricafort, named in the report as the second highest paid official as well as others also cited in the report, have protested that the COA had lumped into their compensation package the “extraordinary and miscellaneous expenses which they said do NOT form for part of their income”

“In the meantime. the Philippines continues to be among the region’s poorest countries xxx.

4) In the ANNUAL AUDIT REPORT on the CLARK DEVELOPMENT CORPORATION submitted on March 21,

ANNEX “D”, the following are observations to be fully noted:

1) The “STATEMENT OF MANAGEMENT’s RESPONSIBILITY

FOR FINANCIAL STATEMENTS” is signed by only THREE (3) DIRECTORS

ANNEX “C”

2) The TWO (2) signatories are newly appointed – The Chairman and the President and CEO

Taken from

3) The THIRD signatory ALIZAIDO F. PARAS – the only knowledgeable signatory who has been the head of finance and the accounting office for a long time, has the knowledge and information concerning the operations and business activities of CDC.

4) The 2019 Figures in the Financial statements are very much BIGGER than the 2020 Figures. These must be subject to actual verification and i nvest i gat i on

5) The answer of CDC made in the examined and investigated.

“CORPORATE GOVERNANCE SCORECARD 2020”,

ANNEX E is not satisfactory, especially so

if appropriately