Our ref: Gakahu/E003/2018

Your ref: TBA

Date

NAME
ADDRESS 1
ADDRESS 2

Dear Sir/Madam,

RE: OUTSTANDING DEBT OWED BY YOURSELF TO XYZ BANK LIMITED

We act for XYZ Bank Limited (“our Client”) on whose instructions we address you as below.

That on the 17th October, 2015 you entered into a loan agreement with our client for asset
financing of a vehicle valued at Kes. 5,645,000.00. It was agreed under the said loan agreement
that after disbursement of the loan, you would begin making monthly payments of Kes.50,500.00
on the fifth day of every month.

That after making consistent monthly repayments for a period of one year, you have since
defaulted and no payments have been received since November of 2016

That despite numerous reminders to yourself via telephone calls, email communication and text
messages, the balance owed still remains outstanding.

WE ARE NOW INSTRUCTED to demand from you, WHICH WE HEREBY DO, the payment of the
sum of KES 5,039,000.00 within the next Fourteen (14) Days of the date hereof.

TAKE NOTICE that failure to do so will result in legal proceedings being commenced against you
at your own peril as to costs and attendant consequences.

Yours faithfully,

Cynthia Gakahu
Senior Associate