March 6, 2018

To: Pitak Realty, Inc.

No. 23, Mapukpukaw Street,
Baguio City, Philippines

Thru: Gloria Batongbuhay-Garcia

Chairperson, Pitak Realty, Inc.

Ms. Batongbuhay-Garcia,

You are reminded that you are indebted to our client, Pete
Livingstone (formerly known as Pedro Batongbuhay) of the following
properties pursuant to the Board Resolution No. 12-31-01, Series of
2008, which was issued on December 31, 2008, in payment of his
unpaid salaries and account receivables:

a. 1 corporate share of “A” Club SPA worth P 1,000,000.00

b. Unit 1, Lipat Bahay Condominium worth P 2,000,000.00
c. Unit 2, Lipat Bahay Condominium worth P 3,000,000.00
d. Unit 3, Lipat Bahay Condominium worth P 1,000,000.00
e. Unit 4, Lipat Bahay Condominium worth P 2,000,000.00
f. 7 hectare agricultural land covered by OCT No.03 worth
P 3,000,000.00

As of this day the following properties have yet to be delivered:

a. Unit 3, Lipat Bahay Condominium worth P 1,000,000.00

b. Unit 4, Lipat Bahay Condominium worth P 2,000,000.00

As such you are hereby demanded to turn-over or deliver the said

titles to the two condominium units, as well as the profits or rent
arising from the rent of Unit 4 Condominium, from January 31, 2009,
the period in which you agreed to deliver the title of said property.

Failure to comply with the foregoing within 30 days will subject you to
legal action. For questions, feel free to contact our office.