23 July 2008

GUARDS INVESTIGATION & PROTECTION SERVICES, INC.

ABS Building
Dapitan Street
Sampalok, Manila

Attention: Mr. Mike Tan

Chairman
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Re: Unpaid Accounts

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Gentlemen:

We write on behalf of our client, Pier Security Agency (the “Corporation”), in

connection with the security services rendered by the Corporation to Guards Investigation
& Protection Services, Inc., including the assignment of canines and dog handlers (the
“Services”).

For the Services, you agreed to pay the amount of Thirty Thousand Pesos (P30,000.00)
on the fifteenth (15th) and the end of every month. From 31 December 2007 up to 31
May 2008, you have not complied with the foregoing obligation, as evidenced by Service
Invoice Nos. 6568, 6570, 6579, 6580, 6582, 6585, 6591, 3, 8, 11, 12, despite repeated
demands by the Corporation.

In addition to the foregoing, you have an outstanding account in the amount of Three
Thousand Seven Hundred Pesos (P3,700.00) as of 23 November 2007, as evidenced by
Service Invoice No. 6559.

Final demand is hereby made upon you to pay your outstanding obligations to the
Corporation in the total amount of THREE HUNDRED THIRTY-THREE
THOUSAND SEVEN HUNDRED PESOS (P333,700.00), representing your unpaid
accounts as of 31 May 2008.

Should you fail to comply with this demand within ten (10) days from receipt of this
letter, we shall be constrained to file all appropriate complaints against you to protect the
Corporation’s interests. We shall hold you liable, in case of suit, for interest, damages,
attorney’s fees and other charges as may be incurred.

Please give this matter your immediate and preferential attention. We trust you will see
your way clear towards the prompt and amicable settlement of our client’s plainly valid
demands in order for you to avoid the inconvenience, expenses and embarrassment of
litigation.

Very truly yours,

MANCENIDO & ASSOCIATES

By:

UELLA VIDA V. MANCENIDO

cc: Raphy Espiritu

Pier Security Agency