16 January 2012

Dr. Ghazi O. Ghurab

Omaimah A. Badkook
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Dr. Ghurab:
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Units No. 1519 and 1521 of the Birch Tower (Subject
Property) located at Jorge Bocobo St., Malate, Manila. The Subject
Property were likewise the subject of a Contract to Sell dated
_______________ executed between you and our company.
According to said Reservation Application and Contract to Sell, the
agreed contract price for the Subject Property was Three Million Eight
Hundred Eighty Thousand Seven Hundred Seventy Six and
60/100 Pesos (PhP 3,880,776.60), net of the 5% discount, to be paid
under the following terms:
Downpayment (20%)
Monthly payments
payable in 30 months
(80%)

Date Due
26 April 2011
Every 26th day of the
month commencing
26 May 2011

Amount Due
PhP 787,545.00
PhP 3,093,231.60 or
Php 103, 107.72/mo.

However, our records show that you have failed to pay your
monthly amortization for the Subject Property in the amount of
P51,533.86 per month for the period of 26 August 2011 to 26 December
2011. Hence, to date, you have an outstanding unpaid amortization
totaling Two Hundred Six Thousand Two Hundred Fifteen and
44/100 Pesos (PhP 216,215.44).
You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your
monthly amortization entitles our company to charge a penalty interest of
two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)

Further, default on your part in the payment of any installment

due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortizations in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totaling _________________, computed
as follows:
Monthly
Amortization
Php 103, 107.72
Php 103, 107.72
Php 103, 107.72
Php 103, 107.72
Php 103, 107.72

Date Due

No. of
mos.

26 Aug. 2011
26 Sept. 2011
26 Oct. 2011
26 Nov. 2011
26 Dec. 2011

Interest
per
month
2%

Amount Due

Total
amount
due
Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By:

09 January 2012
Mr. Orlyn Narcisa Y. Atienza
_________________________
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Ms. Atienza
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Unit No. 1617 of the Birch Tower (Subject Property)
located at Jorge Bocobo St., Malate, Manila. The Subject Property were
likewise the subject of a Contract to Sell dated _______________
executed between you and our company.
According to said Reservation Application and Contract to Sell, the
agreed contract price for the Subject Property was One Million Seven
Hundred Thirty One Thousand Three Hundred Seventy Five
(PhP 1,731,375.00), net of the 5% discount, to be paid under the
following terms:
Reservation fee
Downpayment
Monthly payments payable in
36 months (80%)
Balance payable upon
turnover of unit (20%)

Amount Due
Php 50,000.00
PhP 1,385,100.00 or
Php 37,086.11/mo.
Php 346,275.00

However, our records show that you have failed to pay your
monthly amortization for the Subject Property in the amount of
P37,086.11 per month for the period of June 2011 to December 2011.
Hence, to date, you have an outstanding unpaid amortization totaling Two
Hundred Fifty Nine Thousand Six Hundred Two and 77/100
Pesos (PhP 259,602.77).
You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your

monthly amortization entitles our company to charge a penalty interest of

two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)
Further, default on your part in the payment of any installment
due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortizations in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totaling _________________, computed
as follows:
Monthly
Amortization
Php 37,086.11
Php 37,086.11
Php 37,086.11
Php 37,086.11
Php 37,086.11
Php 37,086.11
Php 37,086.11

Date Due

No. of
mos.

June 2011
July 2011
Aug. 2011
Sept. 2011
Oct. 2011
Nov. 2011
Dec. 2011

Interest
per
month
2%
2%
2%
2%
2%
2%
2%
Total
amount
due

Amount Due

Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By:

16 January 2012
Mr. Ahmed Mohammed Al-Ghunaim
_________________________
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Mr. Al-Ghunaim:
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Unit Nos. 2917, 2919 and 2921 of the Birch Tower (Subject
Property) located at Jorge Bocobo St., Malate, Manila. The Subject
Property were likewise the subject of a Contract to Sell dated
_______________ executed between you and our company.
According to said Reservation Application and Contract to Sell, the
agreed contract price for the Subject Property was Six Million Seven
Hundred Ninety Eight Thousand Three Hundred Forty Eight
and 20/100 Pesos (PhP 6,798,348.20), net of discounts, to be paid
under the following terms:

Reservation fee
Downpayment
Monthly payments
payable in 30 months
30% Balance upon
turnover

Date Due
28 July 2011
Every 28th day of the
month commencing
September 2011

Amount Due
Php 50,000.00
PhP 1,450,000.00
PhP 3,258,843.74 or
Php 108,628.12/mo.
PhP 2,039,504.46

However, our records show that you have failed to pay your
monthly amortization for the Subject Property in the amount of Php
108,628.12 per month for the months of November and December 2011. It
also appears you have made payments in excess of you monthly
amortizations for the months of September to October 3011, in the amount
of P11,810.45.
Hence, to date, you have an outstanding unpaid

amortization totaling Two Hundred Five Thousand Four Hundred

Forty Five and 79/100 Pesos (PhP205,445.79).
You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your
monthly amortization entitles our company to charge a penalty interest of
two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)
Further, default on your part in the payment of any installment
due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortizations in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totaling _________________, computed
as follows:
Monthly
Amortization

Date Due

No. of
mos.

Interest
per
month

Amount Due

Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By:

16 January 2012
Chung Chih Tsai
_________________________
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Mr. Chung:
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Units No. 3619 and 3621, and a parking slot of the Birch
Tower (Subject Property) located at Jorge Bocobo St., Malate, Manila.
The Subject Property were likewise the subject of a Contract to Sell dated
_______________ executed between you and our company.
According to said Reservation Application and Contract to Sell, the
agreed contract price for the Subject Property was Four Million Five
Hundred Sixty Two Thousand Three Hundred Seventy Six and
67/100 (PhP 4,562,376.67), net of discounts, to be paid under the
following terms:

Reservation fee
Downpayment (20%)
Monthly payments
payable in 30 months
(50%)
30% balance upon
turnover

Date Due
8 August 2011
Every 8th day of the
month commencing
October 2011

Amount Due
Php 50,000.00
PhP 862,475.33
PhP 2,281,188.33 or
Php 76,039.61/mo.
PhP1,368,713.00

However, our records show that you have failed to pay your
amortization for the Subject Property for the month of December 2011 in
the amount of Php 76,039.61.

You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your
monthly amortization entitles our company to charge a penalty interest of
two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)
Further, default on your part in the payment of any installment
due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortization in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totaling _________________, computed
as follows:
Monthly
Amortization
Php 76,039.61

Date Due

No. of
mos.

8 Dec. 2011

Interest
per
month
2%
Total
amount
due

Amount Due

Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By:

16 January 2012
Mr. Toshiaki Ohata
_________________________
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Mr. Ohata:
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Units No. 4519 and 4521 of the Birch Tower (Subject
Property) located at Jorge Bocobo St., Malate, Manila. The Subject
Property were likewise the subject of a Contract to Sell dated
_______________ executed between you and our company.
According to said Reservation Application and Contract to Sell, the
agreed contract price for the Subject Property was Four Million Six
Hundred Sixty Six Thousand Seven Hundred Fourteen and
80/100 Pesos (PhP 4,666,714.80), net of discounts, to be paid under
the following terms:

Reservation fee
Downpayment
Monthly payments
payable in 36 months
Balance payable upon
turnover of unit

Date Due
14 October 2011

Amount Due
Php 50,000.00
PhP 1,455,000.00
Php 50,000.00/mo.
PhP 1,366,714.80

However, our records show that you have failed to pay your
monthly amortization for the Subject Property in the amount of
PhP50,000.00 per month for the period of September 2011 to December
2011. Hence, to date, you have an outstanding unpaid amortization
totaling Two Hundred Thousand Pesos (PhP 200,000.00).

You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your
monthly amortization entitles our company to charge a penalty interest of
two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)
Further, default on your part in the payment of any installment
due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortizations in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totaling _________________, computed
as follows:
Monthly
Amortization
PhP 50,000.00
PhP 50,000.00
PhP 50,000.00
PhP 50,000.00

Date Due

No. of
mos.

Sept. 2011
Oct. 2011
Nov. 2011
Dec. 2011

Interest
per
month
2%

Amount Due

Total
amount
due
Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By:

16 January 2012
Mr. Shamim Tambe
_________________________
_________________________
RE

Notice of Grace Period for

Payment
of
Amortization
Installments in arrears
-------------------------

Dr. Ghurab:
We to you in connection with the above-captioned matter.
On ______________, you submitted to our company,
MIROBENI PROPERTY HOLDINGS, INC., a Reservation
Application for Units No. 1414, 1416, 1418, 1420, 1422, 4414, 4416, 4418,
4420, and 4422 and parking slots 7 & 8 (4th floor) of the Birch Tower
(Subject Properties) located at Jorge Bocobo St., Malate, Manila. The
Subject Property were likewise the subject of a Contract to Sell dated
_______________ executed between you and our company.
According to said Reservation Applications and Contracts to Sell,
the agreed contract price for the Subject Properties are to be paid under
the following terms:
Unit No. 1414
Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 1,787,702.40
PhP 357,540.48
PhP 24,829.20 /mo.
PhP 536,310.72

Unit No. 1416

Date Due
Contract Price (net of
discounts)
Downpayment (20%)

Amount Due
PhP 1,787,702.40
PhP 357,540.48

Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

PhP 24,829.20 /mo.

PhP 536,310.72

Unit No. 1418

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 1,787,702.40
PhP 357,540.48
PhP 24,829.20 /mo.
PhP 536,310.72

Unit Nos. 1420 and 1422

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 3,91,631.52
PhP 683,326.30
PhP 44,328.21 /mo.
PhP 957,489.45

Unit No. 4414

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 2,140,538.40
PhP 428,107.68
PhP 29,729.70 /mo.
PhP 642,161.52

Unit No. 4416

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months

Amount Due
PhP 2,140,538.40
PhP 428,107.68
PhP 29,729.70 /mo.

(50%)
30% Balance upon
turnover of unit

PhP 642,161.52

Unit No. 4418

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 2,140,538.40
PhP 428,107.68
PhP 29,729.70 /mo.
PhP 642,161.52

Unit No. 4420 and 4422

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 3,813,377.92
PhP 428,107.68
PhP 29,729.70 /mo.
PhP 642,161.52

Parking Slots 7 & 8, 4th floor

Date Due
Contract Price (net of
discounts)
Downpayment (20%)
Monthly payments
payable in 36 months
(50%)
30% Balance upon
turnover of unit

Amount Due
PhP 1,100,000.00
PhP 220,000.00
PhP 15,277.77 /mo.
PhP 330,000.00

However, our records show that you have failed to pay your
monthly amortizations for the Subject Properties in the total amount of
PhP 276,276.28 per month for the period of June and July 2011. Hence, to
date, you have an outstanding unpaid amortization totaling Five
Hundred Fifty Two Thousand Four Hundred Ninety Two and
56/100 Pesos (PhP 552,792.56).
You are well reminded that under the Contract to Sell executed for
the purchase of the Subject Property, your failure to make payment of your
monthly amortization entitles our company to charge a penalty interest of

two percent (2%) per month, without prejudice to other remedies available
to our company. (par. 2, Contract to Sell)
Further, default on your part in the payment of any installment
due, entitles our company to cause the cancellation or rescission of the
Contract to Sell in accordance with the provision of the Contract and
applicable laws. In the event of such cancellation, all your paid
installments shall be deemed waived and/or ceded in favor of our
company, as liquidated damages. (par. 8, Contract to Sell)
We are now giving you an opportunity to settle your outstanding
accountabilities to avoid the consequences of default. You are given a
grace period of sixty (60) days from receipt hereof to settle your monthly
amortizations in arrears plus the penalty interest of 2% per month for each
unpaid monthly installment totalling _________________, computed
as follows:
Monthly
Amortization

Date Due

No. of
mos.

Interest
per
month

Amount Due

Total
amount
due
Should you fail to settle your accountabilities within the said grace
period, we shall be constrained to take the necessary steps to effect the
cancellation/rescission of your contract, as well as further legal steps in
order to protect our companys interests.
We trust you shall give this matter your serious and prompt
attention.
Very truly yours,
MIROBENI PROPERTY
HOLDINGS, INC.
By: