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A Commendation Letter to Pinnacle
From the President of First Macro Bank, Inc. (A Rural Bank)

July 13, 2012


MR. MICHAEL R. MABUTOL
President/Managing Director
Pinnacle Real Estate Cosulting Services
Unit E-1 Garden Level, Corinthian Plaza Bldg,
Paseo De Roxas, Legaspi Village, Makati City


Dear Mr. Mabutol:

First Macro Bank would like to thank you for the assistance you have given us on disposal of our ROPOA accounts the past two years.

Pinnacle lessened the work of our asset disposal team and helped professionalize and add science/structure to the element of asset disposal for the bank. The monthly meetings with your team have been helpful in monitoring progress of disposal of properties of the bank. The meetings are also an avenue for innovative thinking in looking for ways to better sell and move the properties of FMB.

I commend Pinnacle for the good service and assistance they have given our bank and I am looking forward to continued service and patronage between FMB and Pinnacle.



Very truly yours,

Reginald L. Ocampo
President



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