26 July 2013

XXX CORP.
Address

ATTN: __________

RE: OUTSTANDING BALANCE FOR __________________

Dear Mr. ___________:

We write in connection with your account/contract/agreement…

with us.

Despite numerous efforts on our part to obtain full payment for

________________, we has been unsuccessful in collecting the full amount
of your obligation.

Therefore, to date, you have an outstanding balance of Php

____________ (attached is the Statement of Account).

After more than a year since your obligation became due, you
failed and refused, and still continue to fail and refuse, to respond to, and
comply with our demand to pay your outstanding balance of Php
_________.

Final demand is therefore made upon you to pay the aforesaid

amount of Php _________ for in connection with your abovementioned
account/contract/agreement within five (5) days from your receipt of this
letter. Your failure to do so will leave us no choice but to commence legal
action against you without further notice.

We trust you will give this your immediate attention.

Very truly yours,

JGM FINANCE CORPORATION