__ July 2019

MR. _____________
________________
Philippines

Subject : NOTICE OF DISHONOR

Dear Mr. _________:

We write on behalf our Client, MR. __________, the matter of the checks you
issued as payment for the loan proceeds you received from the former.

_____________(statement of facts)__________________

Taken into consideration the financial difficulties that you are facing, our Client
decided to forego the 2017 and 2018 checks and deposit the 2019 checks.

Unfortunately, _________ Bank Check No. __________ (dated 1 February 2019),

Check No. ___________ (dated 1 April 2019), Check No. __________ (dated 1 May
2019), Check No. __________ (dated 1 June 2019), and Check No. __________ (dated 1
July 2019) each for the amount of Ph₱_________ were returned by __________, the
reason being that your _________ Bank Checking Account with Account No.
_____________ was already closed.

Accordingly, final demand is therefore made upon you to make good your
obligation with our Client within five (5) days from receipt of this Notice. Otherwise, we
will be constrained to file the necessary legal action against you to protect the interest of
our Client.

We trust that you will give this matter your prompt and preferential attention to
avoid the expense and inconvenience of litigation.

With our warmest regards,

______________