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September 25, 2018

Mr. Rolito Piñon


B3 L8 Sta. Marta St., Equity Homes III
SAV 14, Sucat, Parañaque City

Dear Sir:

This letter will serve as a formal notice that you are in default of your obligation to repay the
amount of P475,000.00 plus an interest of P7,850.69. The total amount of P482,850.69 is
now overdue and you have failed to pay the same despite repeated requests for payment.

Unless payment of the above amount is received in full within fifteen (15) days from the date
of this letter, we will have no alternative but to exercise whatever rights and remedies we
have under the law to enforce such payment, including but not limited to institution of legal
proceedings against you to recover the above amount, together with accrued interest and
legal expenses.

Attached is the billing statement for your reference.

Truly yours,

Hugo Iran
September 25, 2018

Mr. Rolito Piñon


B3 L8 Sta. Marta St., Equity Homes III
SAV 14, Sucat, Parañaque City

Dear Sir:

This letter will serve as a formal notice that you are in default of your obligation to repay the
amount of 25,000.00 interest of P413.19. The total amount of P25,413.19 is now overdue
and you have failed to pay the same despite repeated requests for payment.

Accordingly, final demand is hereby made upon you to settle the above amount with fifteen
(15) days from receipt of this letter. Otherwise, I will be constrained to file necessary legal
action against you.

Truly yours,

Hugo Iran
Billing Statement

Borrower: Mr. Rolito Piñon


Address: B3 L8 Sta. Marta St., Equity Homes III
SAV 14, Sucat, Parañaque City

Date Granted: January 25, 2018


Maturity Date: May 24, 2018
Term: 119 days

Principal Amount: P475,000.00


Interest: (475,000 x 5% x119/360) 7,850.69
Total P482,850.69