HOME OWNERS MEETING

@ South Forbes Villas December 1, 2012

2012 Collection and Expenses

Collection of Monthly Dues 2012

2012 - (1st to 3rd Quarter) Per SQM 3.9 Billed amount Collections as % of from Jan to of September Collectio Sept 2012 Total 2012 n

Total LOT AREA (SQM)

190,495

% of Lot Monthly Discount Area Target

Homewoner with yearly Payment 5 % Discount Homeowner with monthly payment* Cathay Land Share (unsold) Total

21,536 11.31%

83,990

5%

957,490.56

957,490.56

100.00%

115,840 60.81%

451,776

0%

4,065,984.00

1,908,454.65

46.94%

53,119 27.88%

207,164

0%

1,864,476.90

1,864,476.90

100.00%

190,495 100.00%

6,887,951.46

4,730,422.11

68.68%

Total Uncollected Amount = Php 2,157,529.35

2012 Expenses

Total Expenses 1st to 3rd Quarter of 2012 Php 6,887,951.46

(budgeted)

2012 Collection vs. Expenses

Total Collection Php 4,730,422.11 Total Expenses 6,887,951.46 Difference (Php 2,157,529.35)* *Covered by Joining fee

JOINING FEE as of October 31, 2012

Collected Joining Fee Php 3,519,882.95*

* Collected Joining Fee will be turned over to the Home Owners Association as soon as Receivable is collected.

Documents for Turnover to Global Land:

LOT Inventory - Sold and Unsold With Lot Area. With Total Accounts Receivable on Dues. With Joining Fees. List of Lot Owners Paying Dues and Contact Details.

Inventory of Office Equipment Inventory of Maintenance and Office Supplies

Thank You.