KNOW ALL MEN BY THESE PRESENTS:

          That we, {{strtoupper($bond->business_name)}} of {{ strtoupper($bond->business_address)}} , as PRINCIPAL, and STRONGHOLD INSURANCE COMPANY, INC. of 17th Floor, Security Bank Centre, 6776 Ayala Avenue, Makati City, Metro Manila, a corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines, as SURETY, are held and firmly bound unto the CITY OF MANILA, as OBLIGEE, in the sum of FIVE HUNDRED THOUSAND PESOS ONLY (Php500,000.00), Philippine Currency, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents;

          The conditions of the obligation are as follows:

          WHEREAS, P.D. No. 259; and revised by P.D. No. 1463, as amended by REPUBLIC ACT NO. 9593, known as "The Tourism Act of 2009" were passed as laws pertaining to all activities of the government which concern tourism, among others;

          WHEREAS, an Ordinance was passed by the City Government Council of the City of Manila providing for the rules and regulations governing the establishment, operation and maintenance of hotels, motels, and all tourism oriented and tourism related business in the City of Manila, prescribing penalties for violations thereof and for the other purposes;

          WHEREAS, under the pertinent provision of the said Ordinance, a Surety Bond is required to be posted in favor of the City Government of Manila to secure the full and faithful performance on the part of travel and tour operators and to support their application for registration and issuance of license;

          NOW, THEREFORE, this bond is conditioned to answer for any and all liabilities resulting from or incurred in the course of travel and tour operation, which shall be valid for a period of one (1) year from the date of issuance of the license;

          PROVIDED, HOWEVER, that the liability of the herein Surety Company, upon determination under this bond, shall in no case exceed the sum of FIVE HUNDRED THOUSAND PESOS ONLY (Php500,000.00), Philippine Currency.

          The liability of the Surety Company under this bond shall expire on {{date('d',strtotime($bond->bond_expiry))}} @if($bond->bond_expiry == 1) st @elseif($bond->bond_expiry == 2) nd @elseif($bond->bond_expiry == 3) rd @else th @endif of {{date('F',strtotime($bond->bond_expiry))}}, 2023 and the said bond shall be deemed cancelled and of no force and effect five (5) days after its expiration, unless Surety is notified of any existing obligations thereunder.

          WITNESS OUR HANDS AND SEAL this {{date('d',strtotime($bond->bond_expiry))}} @if($bond->bond_expiry == 1) st @elseif($bond->bond_expiry == 2) nd @elseif($bond->bond_expiry == 3) rd @else th @endif day of {{date('F',strtotime($bond->bond_expiry))}}, 2022 at the City of Makati, Metro Manila.