Pursuant to the powers vested in me under Republic Act No. 7916, the Special Economic Zone Act of 1995 as amended by Republic Act No. 8748 and upon recommendation of the Board of Directors of the Philippine Economic Zone Authority, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, do hereby create and designate as a special economic zone, subject to the provisions of Republic Act No. 7916, as amended, its Implementing Rules and Regulations, and Resolution No. 07-238 dated 13 June 2007 of the Board of Directors of the Philippine Economic Zone Authority, an area located at Barangay Bugo, Cagayan de Oro City, Province of Misamis Oriental, consisting of an aggregate area of TWO HUNDRED SEVENTY TWO THOUSAND FIVE HUNDRED FIFTY EIGHT (272,558) SQUARE METERS, more or less, as defined by the following technical description:

Consolidation Subdivision Plan
Lot 1, FI-814-AMD-D and Lot 1, FLi-V-312-D
Swo-10-000093

A parcel of Land (as shown on plan Swo-10-000093, being a consolidation of Portions of Lot 1, Fl-814-AMD-D (Plan Psu-05067), FI-814, AMD Provident Fund), Lot 1, FLi-V-3120-D, Plan Psu-15068, Lot 1 and 2, Swo-10-000093, Accretion of Plan Psu-15068, situated in the barrio of Bugo, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao.

Bounded on the N., along line 2-3 by NDC; along lines 3-4-5-6-7-8 by the remaining portion of Lot 2, Swo-10-000093; along lines 8-9-10-11 by the remaining portion of Lot FI-814, AMD-D (Plan Psu-15067); along lines 11-12-13 by remaining portion of Lot 2, Swo-10-000093; along lines 13-14-15 by the remaining portion of Lot 2, Swo-10-000093 and Lot FI-814-AMD-D (Plan Psu-15067); on the E., along lines 15-16-1718-19-20-21-22-23 by the remaining portion of Lot FI-814-AMD-D (Plan Psu-15067); along lines 23-24-25-26 by National Highway; on the S., along lines 26-27-28-29-30-31-32-33-34 by portion of Lot Psu-15067, portion Accretion and Lot 2, Swo-10-000093, portion Fli-V-3120-D and Lot 2, FLC-10-01-000181-D; on the W., along line 1-2 by portion Lot 2, Swo-10-000093.

Beginning at a point marked "1" on plan, being S. 50 deg. 50' W., 323.72 m. from Triangulation Station "Bugo", C&Gs, 1959;

thence	N.	03	deg.	40'	E.,	279.05 m. to point 2;
thence	N.	88	deg.	54'	E.,	239.41 m. to point 3;
thence	N.	20	deg.	37'	E.,	114.30 m. to point 4;
thence	N.	21	deg.	14'	E.,	53.84 m. to point 5;
thence	N.	21	deg.	31'	E.,	41.94 m. to point 6;
thence	N.	23	deg.	27'	E.,	4.69 m. to point 7;
thence	N.	20	deg.	54'	E.,	118.11 m. to point 8;
thence	N.	71	deg.	02'	E.,	44.18 m. to point 9;
thence	N.	71	deg.	54'	E.,	46.79 m. to point 10;
thence	N.	77	deg.	48'	E.,	82.52 m. to point 11;
thence	N.	81	deg.	22'	E.,	38.00 m. to point 12;
thence	N.	75	deg.	25'	E.,	47.72 m. to point 13;
thence	N.	83	deg.	19'	E.,	86.76 m. to point 14;
thence	DUE SOUTH					12.45 m. to point 15;
thence	S.	22	deg.	09'	W.,	12.99 m. to point 16;
thence	S.	35	deg.	33'	W.,	23.23 m. to point 17;
thence	S.	36	deg.	03'	W.,	12.05 m. to point 18;
thence	S.	34	deg.	32'	W.,	59.41 m. to point 19;
thence	S.	32	deg.	14'	W.,	62.23 m. to point 20;
thence	S.	25	deg.	14'	W.,	214.04 m. to point 21;
thence	S.	26	deg.	04'	W.,	129.57 m. to point 22;
thence	S.	16	deg.	41'	W.,	85.63 m. to point 23;
thence	S.	05	deg.	04'	W.,	72.78 m. to point 24;
thence	S.	01	deg.	53'	E.,	55.53 m. to point 25;
thence	S.	01	deg.	57'	E.,	180.56 m. to point 26;
thence	N.	83	deg.	25'	W.,	17.96 m. to point 27;
thence	N.	71	deg.	19'	W.,	41.51 m. to point 28;
thence	S.	84	deg.	47'	W.,	21.42 m. to point 29;
thence	N.	63	deg.	34'	W.,	33.35 m. to point 30;
thence	N.	44	deg.	33'	W.,	36.95 m. to point 31;
thence	N.	64	deg.	26'	W.,	52.97 m. to point 32;
thence	N.	31	deg.	13'	W.,	2.46 m. to point 33;
thence	N.	64	deg.	11'	W.,	11.37 m. to point 34;
thence	N.	77	deg.	59'	W.,	44.34 m. to point 35;
thence	N.	06	deg.	02'	E.,	26.26 m. to point 36;
thence	N.	80	deg.	11'	W.,	29.27 m. to point 37;
thence	N.	80	deg.	49'	W.,	54.01 m. to point 38;
thence	N.	46	deg.	09'	W.,	1.41 m. to point 39;
thence	N.	00	deg.	19'	W.,	48.83 m. to point 40;
thence	N.	81	deg.	34'	W.,	145.98 m. to point of

beginning; containing an area of TWO HUNDRED SEVENTY TWO THOUSAND FIVE HUNDRED FIFTY EIGHT (272,558) SQUARE METERS, more or less. all points referred to are indicated on plan and are marked on the ground, bearings true; date of original survey, August 8, 1827, that of the consolidated survey, July 25, 1977, and approved on August 11, 1977.

IN WITNESS THEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto.

Done in the City of Manila, this 22nd day of November, in the year of our Lord, Two Thousand and Seven.


By the President:

(Sgd.) EDUARDO R. ERMITA
Executive Secretary