Bank Proposal Letter

August 25, 2002

Mr. Richard S. Yap
Bank of Asia
Makati City

Dear Mr. Yap:

Good day!

I, Mr. Cesar R. Hipolito, director of JCMER Financing Agency am writing to propose your bank to merge with our finance company. I will be out of the country for some time and I won’t be able to handle it so I want to you to take the responsibility.

Our finance company has been running smoothly for about 5 years now and we have made good amounts of profits. Attached herewith is our proposal which include our statistics and other financial documents.

We will be waiting for your positive reply. If there is any question, please keep in touch with me at Tel No. (045) 451-4125 or mobile no. 09523561482.

Sincerely yours,

Cesar R. Hipolito