Constancio C. Ortega

Sto. Tomas, Penaranda

Nueva Ecija

This letter is in connection to the Offer to Buy document and Notice of

Consignation that we have received recently.

1. I, Carmencita Abad Escusa as one of the owners and duly authorized

representative of the co-owners reject the respectfully rejects your offer to the said

property covered by OCT No. P-8972 on the ground that the value of the offer

does not compensate the total price of the land we owned as provided in Art. 1458

of the New Civil Code.

2. We abhor the entitlement of the disturbance compensation on the ground

as provided in Sec. 36 par. 1 of R.A. 3844 specifically states that "That the

agricultural lessee shall be entitled to disturbance compensation equivalent to five

years rental on his landholding in addition to his rights under Sections twenty-five

and thirty-four, except when the land owned and leased by the agricultural

lessor, is not more than five hectares, in which case instead of disturbance

compensation the lessee may be entitled to an advanced notice of at least one

agricultural year before ejectment proceedings are filed against him". We firmly

believed as evidenced by the land title that the land leased and owned by us is not

more than 5 hectares but instead is 3.4484 hectares.

3. On the matter of the rentals, we shall coordinate with the lessee when

shall we collect the accumulated rentals of the past 3 years.

4. We shall exercise every right vested upon us by the law for the

enjoyment, possession and free disposal of the latter subject.

5. As to the purchase price of the property pertaining our offer to the lessee

to buy the property, we as owners are still firm with the amount as per fair market

value.

6. Furthermore, as the owners of the said property any negotiations as to the

matter of purchasing the latter shall be held in our place of residence in Antipolo,

Rizal.

7. This letter shall also serve as an Ejectment notice in accordance with Sec.

36 par. 1 of R.A. 3844.

Respectfully yours,

Carmencita Abad Escusa

Antipolo City