<p><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD &amp; AGREED, that in the event of loss or damage to the Insured Property or any part thereof, the cost of any repair, replacement or rectification admitted under this Policy shall include the additional costs of overtime, weekend and shift working, bonus payments, plants hire charges, express delivery (including airfreight) and the like necessarily and reasonably incurred in expending such repair, replacement or rectification but excluding any such costs solely to expedite the completion of any construction, erection or installation of property not loss or damaged.&nbsp; The cover provided by this Memorandum shall not exceed 10% of the claim had such additional costs not been incurred.</span></p>

<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity :&nbsp; 10% of loss, maximum <s>P</s>2,000,000.00</span></p>
