CARDEÑO LAW OFFICE

Rm. 2-G, 2nd Floor, Chua Tiam Building

Guizo, 6014 Mandaue City
Telephone No. 346 - 7901

October 08, 2018

Ms/Mrs. GERARDA ALIB

Panas Balirong
Naga City Cebu

Dear Ms/Mrs. Alib :

Our client, FS Teves Credit Corporation has referred to us for whatever legal action to undertake
regarding your obligation with the company in the total amount of FIVE THOUSAND ONE
HUNDRED FORTY PESOS ( P 5,140.00 ) Philippine currency.

The aforementioned amount of FIVE THOUSAND ONE HUNDRED FORTY PESOS

( P 5,140.00 ) Philippine currency, represents the cash amount you have collected and/or received
from the borrowers of the company as payment of their respective loans but you have failed to turn
over and/or remit it to the company.

On several occasions, our client made follow-ups upon you to settle the aforementioned amount.
However, without any valid and justifiable reasons, you failed and refused to settle it to the damage
and prejudice of our client.

In this regard, we are sending you this last and final demand for you to pay and/or settle your
obligation with my client within FIVE ( 5 ) says from receipt hereof. Your failure to heed this
demand will constrain us to initiate criminal action in court either for estafa or qualified theft
penalized under the Revised Penal Code of the Philippines in order to protect the interest of our
client.

Please be reminded that once a case is filed in court, we will collect from you the interest, penalties,
attorney’s fees and other litigation costs in addition to the aforesaid amount. Thus, we are therefore
looking forward to your favorable response to avoid embarrassing litigation, untold inconvenience
and unnecessary expenses.

Very truly yours,

JOSE FRANKLIN CARDEÑO