DEMAND LETTER

January 16, 2023

MA. FELISA VELARDO

Dumaguete City,
Negros Oriental, 6200

Dear Velardo,

I am writing you this letter in reference to the non-payment of your outstanding obligation
amounting to THIRTY FIVE THOUSAND THIRTEEN AND SEVEN-FIVE
HUNDREDTHS PESOS ONLY including additional interest and penalty computed until
January 16, 2023.

Your total unpaid obligations and accrued legal interest are computed as follows:

Loan date: January 20, 2022 Maturity Date: January 15, 2023
Loan Balance ₱ 35,013.75
Accrued Interest ₱ 0.00
Total: ₱ 35,013.75

In view of the above, please settle your loans immediately from receipt of this demand letter.
Otherwise, I will be compelled to pursue appropriate legal actions.

Thank you in advance for your prompt attention to this matter. I look forward to hearing from
you.

Received by: Baby Q. Chiong

CEO/MANAGER

MA. FELISA VELARDO 32 San Juan Street,

Date: __________________ Barangay 5, Dumaguete
City Negros Oriental 6200
Tel. No: (035)541-1585
Cell. No: 0998-135-5017