FINAL NOTICE

RE: INDI. FOR CONSMP. REM SECURED

December 16, 1998

JAMES NG
1132 Quezon Avenue, Diliman, Quezon City
National Capital Region
Agreement # - 116108021325

Dear Sir,

This is a final demand for you to immediately call or visit the bank and settle all your unpaid
installment in the amount of PHP 25,000,000.00 exclusive of penalty. We have given you
sufficient time thru repeated verbal and written communication. However, your unresponsive
and insufficient response prevented us to arrive at a just settlement. Should you fail to settle
your account within five (5) days from receipt hereof, we shall refer this matter to our Legal
Counsel for appropriate ADMINISTRATIVE and/or CIVIL REMEDIES.

In addition, we may refer your account to a private collection agency for collection. Once
entered in their database, you will be in their NEGATIVE LIST and you will be blacklisted by
other financial institutions for the next ten years. This means that you may no longer apply for a
loan, credit card, or deposit accounts with other banks or companies who subscribe to the said
list. Being on the list may also bar you for employment with some companies.

We ask you, therefore, for the last time, to cooperate by visiting the bank during office hours as
soon as you have received this letter so that we could discuss matters to help you pay off or
renew your loan. Your failure to heed this advice will force us, much to our regret, to take all
legal actions against you.

We look forward to your immediate attention to this matter. Save yourself from the expense and
embarrassment of legal action. You may, however, ignore this if you have already paid your
loan before receipt of this letter.

Sincerely yours,

Pedro Monteiro
Branch Manager

Prepared by: Credit Collection Department / Head Office

 KAI & SOO
LAW OFFICE
Second Floor, EXO Bldg.,
Bernardino – Maria Cristina Sts.,
Quezon City

23 December 1998

JAMES NG
1132 Quezon Avenue, Diliman, Quezon City
National Capital Region
Agreement # - 116108021325

Dear Sir,

Our preferred client Planters Development Bank referred to us for legal action the matter of your
unpaid obligation. It must be recalled that sometime on January 14, 1997 you obtained a loan
from the Bank in the amount of Twenty Five Million Pesos Only (P25,000,000.00) excusive of
interest and penalties.

Until this date, you still have an outstanding balance in the amount of P25,000,000.00 exclusive
of interest and penalties. You have refused to pay said amount despite repeated demands to
the utter prejudice of our client.

In view thereof, we are formally demanding that you settle the above-stated obligation within five
(5) days from receipt thereof or make arrangements with Planters Development Bank for the
settlement of the same otherwise much to our regret we will be compelled to file the appropriate
criminal and/or civil action against you in court pursuant to the instructions of our client.
Consider this as our last and final demand.

We hope you will give this matter your utmost attention.

Very truly yours,

Atty. Thomas Soo

Counsel for Planters Development Bank