June 22, 2015

OSCAR NUNEZ
603 Isabelle Royale Hotel and Suites,
Valdez Street, Barangay Poblacion,
Makati City, Philippines
RE:

FORMAL DEMAND LETTER

Dear Mr. Nunez:

For almost seven (7) months you have failed to substantially construct
the Three Story Residential Building with Roof Deck as agreed in the January
5, 2015 Acknowledged Memorandum of Agreement you had with me. Youve
received payment, as agreed, in the aggregate amount of PHP1,080,000.00
for the construction of the said building but youve barely even started and
the Two Hundred Thirty (230) day agreed deadline is barely a month away.
Finishing construction in time, as of the writing of this letter, is an
impossibility.
I have constantly asked you to do your work but youve ignored our
calls and texts. In the off chance that you do reply, you do so through text
with excuses of purchase of materials and empty promises of continuing
construction.
I have put up with your inaction for quite some time now and have
suffered untold emotional and monetary hardships because of you. I have
lost trust in you and decided to discontinue our agreement for material
breach of the provisions contained therein.
For this reason, FORMAL DEMAND is hereby made upon you to return
the aggregate payments in the amount of Pesos: One Million and Eighty
Thousand (PHP 1,080,000.00), and pay legal interest with respect to the
delay. Your failure to heed this demand shall leave me with no other recourse
but take appropriate legal steps including filing a case in court to enforce my
right and protect my interest.
Please be guided accordingly.
Very truly yours,
GREGORIO Z. RAVASCO