8/9/2019 BSP Demand Letters

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DBPARTMENT OF LOANS AND CREDITDecem ber 3 ,1 9 9 9

HOUSEHOLD DEVELOPMENT CORPORATI ONRepresented bY:irrESSnS.JERRY M' NAVARETTE urulMARCELINO C MEI'IDOZAin their aPacitiess Presideniand ExecutiveVice President,espectivelyCamellaCenter,Alabang ZapoIeRoadTalon, Las Pif lasCitY

Re: EmergencY dvnncesGentletnen:

This has reference o the emergency dvances btainedb} ' optimumDevetopment ank (formerly Capitolbt"JfopT:n' t i lO) from the BangkoSentral g pil ipinas (BSp) uid.nr.d andcovered y variorrsprr:missory

otes'which have remained npaid ior quite ;;. t inredespite emandsmade

ofully settle he same'

The rotar obligat ion under heaforesaidromissory otS oniputed sof 30 November lggg amounted o

-pgr FOUR BILLION THREEELINDRED FORTY MILLION THREE HUNDRED SEVENTY FOURT H OU SAN D SBVEN H U N D R ED SEVEN T YAN D T I / 100(4,340,374r770.71),exclusiveof the,correspondingapcruedinterestandl iquidatedamages.Because f this,we havebeengivendeirnite nstructiono initiate

egalactionagainst ptimum p*.r"p*rn, tTo and herealestatemortgage

ecuringthe aforesaid mount. g.ro* joing so , howeve:,we deem t best o send

youthis etterandgiveyou a rastopportynjty,r settlehe amount in fuli rvithin

five(5) dnys from eceipt of this t.ti.r. Otherwi; we witl .beconstrainedo

endorseyour account o ou r larvyersn order ha t henecessaryegaiactionbe ndertakentoprotec t the in teres to | theBsP,wi thout fur thernot icetoyou.

Consitler his as our FINAL demand' 'fr'eadvantage f this astopportunitybeinggiven o '/ou

urge you, therefore'o take

Very tn-rlY ours,/1/ /

JOANM. CORTESOffrcgr-in-Charge/ l , il(va/ l d1||

8/9/2019 BSP Demand Letters

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p@BorgL" S'rt"o[ ng 9)tLifi-nat

MAYNI LA,P I L I P I NASDEPARTVTENTII LOANSAI'IDCRtrDIT

Decentber 3 1999

OPTIMUIVI DEVELOPN{trNTBI\NI((fornrerlyCapitolDevelopment arik)REPRtrSENTED by ANACORDITA I"I. I\'IAGNOin hercapac i tysExecut iveicePres identPac i f ic lace ui ld ing, ear l r iveOrt igas enter, as ig i tY

Cons idc r h i s as o l l r I i lN ' {L de t t ta t t c lvoLr racco t l t t t ' i t l i in t l t e a [o resa ic lin re '

\ \ /e t r l -ge /oLl , herefot 'e ,o set t le

Ye '1 ' r . r r lY oLl t 's )

yf4 b t rt'- /e-t-o1 vt'>

Rc: E l t t c rqc r t cv c l r ' : r lUcsGer t t len te r t .

l -5 is 5as re[cr .er rceo thc enrcrgency c lvAn.es ' l t ic l t 1 'o t tobta i r led ror r it l r e Bar rgko . e r r t ra l g p i l i l l i . as (gsp) ev ic lc ' cc r la r rd coverec l 1 ' r 'a r io rspr -onr issoryo tes v l r ic l rhav 'c enra incd npa ic l i t t ceSe l l t er lbc r16 , 99S des l l i t ec lc t t tar tdst tadel l )o l l1 'or to l ' r r l ly et t lc l tesat l te

your to ta l ob l iga t ion as o f 30 Novcnrbcr ' 1999 at t to t t t t t cc loP I I P F O U R B I L L I O N 1 ' I I R E I I I I U N D R [ I ) I ; O R T Y N I I L L I O N T I I R E I iI I U N D I 1 E DS E \ J E , N T YT O U RT I I O U S A N D SD\ / [ N I I UNDI T I I D SE\ / ENI - \ 'r \ND 7 l l l 00 (4 ,3 - l , 3 '7,770 ,7 l ) , xc lus ive f thc co t ' t . es l )ond ingccr t te i r t l c res ta .d l iq ' ida tcc j lanrages ccau ico I t l i i s , \ , ehavebccng iven dc f in i te r t s tn tc t to t tt o in i t ia te ega lac t ionaqa ins t oL t anc l he rea l es ta ten to r tgage cc t r r ingheaforesaid ccou' t Beforec lo i 'g so, hoivever , ve c lceurt best o give yot r a lastoppor tu ' i t y o se t t le ,oLr r ccountn fu l l u ' i t h in l l vc (5 ) d r t l ' s ronr cce ip to f th isle t ter . Ot l renv isa, , . iv i l l be const ra inec lo enclorseoLl l 'accoLl l l to oLlr ar i ' ; 'e rsi . o rder Sa t 5enecessaryega lac t ionbe unc le r ta l