DEVELOPMENT AGREEMENT
THIS DEVELOPMENT AGREEMENT is entered into in Pasig City. Philippines as of this ___________________ bye and between JOLLIBEE WORLDWIDE PTE. LTE; incorporated in Singapore and with registered office at No. 80 Robinson Road, #2-00, Singapore 068898 (hereinafter referred to as “FRANCHISOR”), and RESOLUTE RESTAURANT LLC., a corporation organized under laws of Oman with offices at Shop No FC07, First Level, Qurum, Muscat, Sultanate of Oman (hereinafter referred to as “DEVELOPER”).