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This is in reference to the loan which you obtained from our client,
MR. LUKE DEIDER. It appears that sometime on May 3, 2010, you
executed a promissory note in favor of our client, Luke Deider,
promising to pay the principal amount of Twenty-five Million Four
Hundred Thousand Pesos (Php 25,400,000.00) five years from the
execution plus a yearly interest of Twenty-five percent (25%).
However, on the day of the maturity of such loan, you have not
acted on such promise, prompting our client to personally call and
demand of you the payment of such amount. Repeated calls have
been made to you to own up to this obligation, but up to the
present, you have not acted on our client’s demand to pay him
the aforementioned amount.
Hence, we are giving you a period of Ten (10) days from receipt
thereof to pay the amount of Twenty-five Million Four Hundred
Thousand Pesos (₱25,400,000.00), representing the principal
amount, and the corresponding interest therein which is at 25%
per annum.
We trust that you will give this matter your preferential attention.
Respectfully yours,