Annex E

(Based on Circular 259)

SAMPLE ILLUSTRATION ON THE VARIOUS ISSUANCE OF NOTICE OF BUYBACK TO THE DEVELOPER

Case 1: Computation of Buyback Value due to Default

Developer Name: ABC Developer

Member-Borrower: Juan Dela Cruz

INT RATE 7% TAKEOUT DATE 09/01/08

LOAN AMOUNT 750,000.00 AMORT (P+I) 4,989.77 DATE OF DEFAULT 08/01/09
TERM 30 YEARS MRI 307.50 DATE OF RECEIPT OF NOB 08/11/09
FIRE 85.45 EXPIRATION OF BBPERIOD 10/10/09
TOTAL 5,382.72

AMOUNT PAID PENALTIES MRI / SRI FIRE INTEREST MCR / SCR

PFR DATE PFR TOTAL DUE DATE OUTBAL DAYS
DUE PAID DUE PAID DUE PAID DUE PAID DUE PAID
750,000.00
10/01/08 5,382.72 5,382.72 10/01/08 307.50 307.50 85.45 85.45 4,375.00 4,375.00 614.77 614.77 749,385.23
10/25/08 5,382.72 5,382.72 11/01/08 307.50 307.50 85.45 85.45 4,371.41 4,371.41 618.36 618.36 748,766.87
11/20/08 5,382.72 5,382.72 12/01/08 307.50 307.50 85.45 85.45 4,367.81 4,367.81 621.96 621.96 748,144.91
12/22/08 5,382.72 5,382.72 01/01/09 307.50 307.50 85.45 85.45 4,364.18 4,364.18 625.59 625.59 747,519.32
01/27/09 5,382.72 5,382.72 02/01/09 307.50 307.50 85.45 85.45 4,360.53 4,360.53 629.24 629.24 746,890.08
02/27/09 5,382.72 5,382.72 03/01/09 307.50 307.50 85.45 85.45 4,356.86 4,356.86 632.91 632.91 746,257.17
03/28/09 5,382.72 5,382.72 04/01/09 307.50 307.50 85.45 85.45 4,353.17 4,353.17 636.60 636.60 745,620.57
04/29/09 5,382.72 5,382.72 05/01/09 307.50 307.50 85.45 85.45 4,349.45 4,349.45 640.32 640.32 744,980.25
08/01/09 - 06/01/09 164.17 307.50 0.00 85.45 0.00 4,345.72 - 644.05 - 744,980.25 61
08/01/09 - 07/01/09 83.43 * 307.50 0.00 85.45 0.00 4,341.96 ** - 647.81 - 744,980.25 31
08/01/09 - 08/01/09 - 307.50 0.00 85.45 0.00 4,338.18 - 651.59 - 744,980.25 0

Outstanding Balance 744,980.25

*Unpaid Penalties 247.60
**Unpaid Interest (AT 7%) 13,025.86
BUYBACK VALUE 758,253.71

NOTE:
Buyback Value shall be defined as the total outstanding loan obligation of the member-borrower at point of default (inclusive of outstanding principal balance, unpaid
interest and penalties) which should be paid within 60 days from receipt of Notice.
 Annex E
(Based on Circular 259)

Case 2: Closing of the Borrower's Subsidiary Ledger for Housing Loan due to Default

LOAN AMOUNT 750,000.00 MONTHLY AMORTIZATION

TERM (In years) 30
TAKE OUT DATE 9/1/2008 MRI 307.50
INTEREST 7% Fire 85.45
P+I 4,989.77
5,382.72

0.0005

PFR DATE PFR NO. PFR TOTAL AMOUNT DUE DATE PENALTY MRI FIRE INTEREST PRINCIPAL OUTBAL DAYS

750,000.00
10/1/2008 xxx 5,382.72 5,382.72 10/1/2008 - 307.50 85.45 4,375.00 614.77 749,385.23 -
10/25/2008 xxx 5,382.72 5,382.72 11/1/2008 - 307.50 85.45 4,371.41 618.36 748,766.87 -
11/20/2008 xxx 5,382.72 5,382.72 12/1/2008 - 307.50 85.45 4,367.81 621.96 748,144.91 -
12/22/2008 xxx 5,382.72 5,382.72 1/1/2009 - 307.50 85.45 4,364.18 625.59 747,519.32 -
1/27/2009 xxx 5,382.72 5,382.72 2/1/2009 - 307.50 85.45 4,360.53 629.24 746,890.08 -
2/27/2009 xxx 5,382.72 5,382.72 3/1/2009 - 307.50 85.45 4,356.86 632.91 746,257.17 -
3/28/2009 xxx 5,382.72 5,382.72 4/1/2009 - 307.50 85.45 4,353.17 636.60 745,620.57 -
4/29/2009 xxx 5,382.72 5,382.72 5/1/2009 - 307.50 85.45 4,349.45 640.32 744,980.25 -
8/1/2009 FARD 758,253.71 5,153.94 6/1/2009 164.17 - - 4,345.72 644.05 744,336.20 61
8/1/2009 - 5,073.20 7/1/2009 83.43 - - 4,341.96 647.81 743,688.39 31
8/1/2009 - 748,026.57 8/1/2009 - - - 4,338.18 743,688.39 0.00 -

TOTAL 801,315.47 801,315.47 247.60 2,460.00 683.60 47,924.27 750,000.00

 Annex E
(Based on Circular 259)

Case 3: Set-up of AR-Developer

Date of Buyback Value

Date of Expiration
Date of Name of Take-out Discovery of
Buyback Code Receipt of of BB Borrower's Unpaid Principal Remarks
Set-up Borrower Date Breach/Date Balance
NOB Period Penalty Interest Balance
of Default

Default 8/11/2009 Juan Dela Cruz 9/1/2008 8/1/2009 8/11/2009 10/10/2009 247.60 13,025.86 744,980.25 758,253.71

Total 247.60 13,025.86 744,980.25 758,253.71

Case 4: Cancel the set-up of AR-Developer

Assumption: In case the Fund discovers that the developer violated the warranty on documentation on 7/22/2009 and failed to comply within 30 days from
receipt of Notice of Deficiency , the previously set up of AR-Developer shall be cancelled

Date of Buyback Value

Date of Expiration
Date of Name of Take-out Discovery of
Buyback Code Receipt of of BB Borrower's Unpaid Principal Remarks
Set-up Borrower Date Breach/Date Balance
NOB Period Penalty Interest Balance
of Default

Default 8/11/2009 Juan Dela Cruz 9/1/2008 8/1/2009 8/11/2009 10/10/2009 247.60 13,025.86 744,980.25 758,253.71
Default 8/11/2009 Juan Dela Cruz 9/1/2008 8/1/2009 8/11/2009 10/10/2009 (247.60) (13,025.86) (744,980.25) (758,253.71) Cancellation

Total - - - 758,253.71
 Annex E
(Based on Circular 259)

Case 5: Set up Borrower's Subsidiary Ledger for Housing Loan due to Cancellation of AR-Developer

Developer Name: ABC Developer

Member-Borrower: Juan Dela Cruz

LOAN AMOUNT 750,000.00 MONTHLY AMORTIZATION

TERM (In years) 30
TAKE OUT DATE 9/1/2008 MRI 307.50
INTEREST 7% Fire 85.45
P+I 4,989.77
5,382.72

0.0005

PFR DATE PFR NO. PFR TOTAL AMOUNT DUE DATE PENALTY MRI FIRE INTEREST PRINCIPAL OUTBAL DAYS

750,000.00
10/1/2008 xxx 5,382.72 5,382.72 10/1/2008 - 307.50 85.45 4,375.00 614.77 749,385.23 -
10/25/2008 xxx 5,382.72 5,382.72 11/1/2008 - 307.50 85.45 4,371.41 618.36 748,766.87 -
11/20/2008 xxx 5,382.72 5,382.72 12/1/2008 - 307.50 85.45 4,367.81 621.96 748,144.91 -
12/22/2008 xxx 5,382.72 5,382.72 1/1/2009 - 307.50 85.45 4,364.18 625.59 747,519.32 -
1/27/2009 xxx 5,382.72 5,382.72 2/1/2009 - 307.50 85.45 4,360.53 629.24 746,890.08 -
2/27/2009 xxx 5,382.72 5,382.72 3/1/2009 - 307.50 85.45 4,356.86 632.91 746,257.17 -
3/28/2009 xxx 5,382.72 5,382.72 4/1/2009 - 307.50 85.45 4,353.17 636.60 745,620.57 -
4/29/2009 xxx 5,382.72 5,382.72 5/1/2009 - 307.50 85.45 4,349.45 640.32 744,980.25 -
8/1/2009 FARD 758,253.71 5,153.94 6/1/2009 164.17 4,345.72 644.05 744,336.20 61
5,073.20 7/1/2009 83.43 4,341.96 647.81 743,688.39 31
748,026.57 8/1/2009 4,338.18 743,688.39 0.00
9/5/2009 Cancellation (758,253.71) (758,253.71) (247.60) (13,025.86) (744,980.25) 744,980.25

TOTAL 801,315.47 801,315.47 247.60 2,460.00 683.60 34,898.41 5,019.75

 Annex E
(Based on Circular 259)

Case 6: Computation of Buyback Value due to Breach of Warranty

Developer Name: ABC Developer

Member-Borrower: Juan Dela Cruz

INT RATE 7% TAKEOUT DATE 09/01/08

LOAN AMOUNT 750,000.00 AMORT (P+I) 4,989.77 DATE OF DISCOVERY OF BREACH 7/22/09
TERM 30 YEARS MRI 307.50 EXPIRATION OF COMPLIANCE PERIOD 08/21/09
FIRE 85.45 DATE OF RECEIPT OF NOB 09/05/09
TOTAL 5,382.72 EXPIRATION OF BBPERIOD 09/20/09

AMOUNT PAID PENALTIES MRI / SRI FIRE INTEREST MCR / SCR

PFR DATE PFR TOTAL DUE DATE OUTBAL DAYS
DUE PAID DUE PAID DUE PAID DUE PAID DUE PAID
750,000.00
10/01/08 5,382.72 5,382.72 10/01/08 307.50 307.50 85.45 85.45 4,375.00 4,375.00 614.77 614.77 749,385.23
10/25/08 5,382.72 5,382.72 11/01/08 307.50 307.50 85.45 85.45 4,371.41 4,371.41 618.36 618.36 748,766.87
11/20/08 5,382.72 5,382.72 12/01/08 307.50 307.50 85.45 85.45 4,367.81 4,367.81 621.96 621.96 748,144.91
12/22/08 5,382.72 5,382.72 01/01/09 307.50 307.50 85.45 85.45 4,364.18 4,364.18 625.59 625.59 747,519.32
01/27/09 5,382.72 5,382.72 02/01/09 307.50 307.50 85.45 85.45 4,360.53 4,360.53 629.24 629.24 746,890.08
02/27/09 5,382.72 5,382.72 03/01/09 307.50 307.50 85.45 85.45 4,356.86 4,356.86 632.91 632.91 746,257.17
03/28/09 5,382.72 5,382.72 04/01/09 307.50 307.50 85.45 85.45 4,353.17 4,353.17 636.60 636.60 745,620.57
04/29/09 5,382.72 5,382.72 05/01/09 307.50 307.50 85.45 85.45 4,349.45 4,349.45 640.32 640.32 744,980.25
09/05/09 - 06/01/09 258.37 307.50 0.00 85.45 0.00 4,345.72 0.00 644.05 0.00 744,980.25 96
09/05/09 - 07/01/09 177.63 * 307.50 0.00 85.45 0.00 4,341.96 ** 0.00 647.81 0.00 744,980.25 66
09/05/09 - 08/01/09 94.20 307.50 0.00 85.45 0.00 4,338.18 0.00 651.59 0.00 744,980.25 35
09/05/09 09/01/09 10.77 307.50 0.00 85.45 0.00 5,056.78 0.00 655.39 0.00 744,980.25 4
4,334.38

Outstanding Balance 744,980.25

*Unpaid Penalties 540.97
**Unpaid Interest (AT 7%) 18,082.64
BUYBACK VALUE 763,603.86

NOTE:
1. Buyback Value shall be defined as the total outstanding loan obligation of the member-borrower at point of receipt of NOB (inclusive of outstanding principal balance, unpaid
interest and penalties) which should be paid within 15 days from receipt of Notice.
2. Interest for 9/1/2009 = Outstanding Balance x Interest Rate x No. of Days / 360
= 743,036.80 x 7% x 35 / 360
= 5,056.78
No. of days = from 8/1/2009 to 9/5/2009
 Annex E
(Based on Circular 259)

Case 7: Closing of the Borrower's Subsidiary Ledger for Housing Loan due to Beach of Warranty

LOAN AMOUNT 750,000.00 MONTHLY AMORTIZATION

TERM (In years) 30
TAKE OUT DATE 9/1/2008 MRI 307.50
INTEREST 7% Fire 85.45
P+I 4,989.77
5,382.72
0.0005

PFR DATE PFR NO. PFR TOTAL AMOUNT DUE DATE PENALTY MRI FIRE INTEREST PRINCIPAL OUTBAL DAYS

750,000.00
10/1/2008 xxx 5,382.72 5,382.72 10/1/2008 - 307.50 85.45 4,375.00 614.77 749,385.23 -
10/25/2008 xxx 5,382.72 5,382.72 11/1/2008 - 307.50 85.45 4,371.41 618.36 748,766.87 -
11/20/2008 xxx 5,382.72 5,382.72 12/1/2008 - 307.50 85.45 4,367.81 621.96 748,144.91 -
12/22/2008 xxx 5,382.72 5,382.72 1/1/2009 - 307.50 85.45 4,364.18 625.59 747,519.32 -
1/27/2009 xxx 5,382.72 5,382.72 2/1/2009 - 307.50 85.45 4,360.53 629.24 746,890.08 -
2/27/2009 xxx 5,382.72 5,382.72 3/1/2009 - 307.50 85.45 4,356.86 632.91 746,257.17 -
3/28/2009 xxx 5,382.72 5,382.72 4/1/2009 - 307.50 85.45 4,353.17 636.60 745,620.57 -
4/29/2009 xxx 5,382.72 5,382.72 5/1/2009 - 307.50 85.45 4,349.45 640.32 744,980.25 -
8/1/2009 FARD 758,253.71 5,153.94 6/1/2009 164.17 4,345.72 644.05 744,336.20 61
5,073.20 7/1/2009 83.43 4,341.96 647.81 743,688.39 31
748,026.57 8/1/2009 4,338.18 743,688.39 0.00
9/5/2009 Cancellation (758,253.71) (758,253.71) (247.60) (13,025.86) (744,980.25) 744,980.25
9/5/2009 FARD 763,603.86 5,248.14 6/1/2009 258.37 - - 4,345.72 644.05 744,336.20 96
9/5/2009 - 5,167.40 7/1/2009 177.63 - - 4,341.96 647.81 743,688.39 66
5,083.97 8/1/2009 94.20 4,338.18 651.59 743,036.80 35
9/5/2009 - 748,104.35 9/1/2009 10.77 - - 5,056.78 743,036.80 0.00 4

TOTAL 806,665.62 806,665.62 540.97 2,460.00 683.60 52,981.05 750,000.00

Case 8: Set-up of AR-Developer

Date of Buyback Value Remarks

Date of Expiration
Date of Name of Take-out Discovery of
Buyback Code Receipt of of BB Borrower's Unpaid Principal
Set-up Borrower Date Breach/Date Balance
NOB Period Penalty Interest Balance
of Default

Breach 9/5/2009 Juan Dela Cruz 9/1/2008 7/22/2009 9/5/2009 9/20/2009 540.97 18,082.64 744,980.25 763,603.86

Total 540.97 18,082.64 744,980.25 763,603.86