FACTS GAS V is engaged in the wholesale and retail of gasoline and oil products.

On the other hand, Pedro Celeste is a regular purchaser of merchandise from GAS V. Pedro purchased various gasoline products from GAS V through the latters sales agents and issued ten (10) post-dated checks in consideration of and simultaneous with the delivery of said merchandise. GAS V, through its sales agents, delivered the merchandise to Pedro upon issuance of ten (10) post-dated checks as payment for and in consideration of the purchased merchandise. When presented for payment with the bank, the post-dated checks that were issued by Pedro as payment for and in consideration of the merchadise delivered by GAS V, were DISHONORED for the reasons stated below, to wit: Check No. 0000079 Date 17 May 2008 Bank/Account No. Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Amount Reason for (PhP) Dishonor 594,503.91 SPOFunded 415,413.58 SPOUnfunded 497,762.50 SPOUnfunded 415,431.58 SPOUnfunded 572,511.40 SPOUnfunded 406,057.25 SPOUnfunded 415,413.58 SPOUnfunded

0000071

21 May 2008

0000082

7 June 2008

0000072

21 June 2008

0000084

5 July 2008

0000085

13 July 2008

0000073

21 July 2008

0000086

25 July 2008

0000074

21 August 2008

0000075

21 September 2008 TOTAL

Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9 Bank of Commerce Calamba Branch 066-00-000623-9

300,349.00 SPOUnfunded 415,413.58 SPOFunded 408,784.87 SPOFunded 4,441,626.25

Prepare a demand letter for GAS V addressed to Pedro. In case of failure to pay, GAS V intends to file cases for Estafa and BP 22 against Pedro.