27 December 2021

MRS. LOURDEOFELY A. EJEM

Agora Road, Lapasan
Cagayan de Oro City

Dear Mrs. Ejem,

MS. MARIA NENITA D. CAÑO, a most valued client, had endorsed to us

the matter of your outstanding account.

You have borrowed from our client the amount of One Hundred Twenty
Thousand (Ph120,000.00) Pesos payable in one month with an interest of
Ten (10%) per month until fully paid.

On your last loan of One Hundred Twenty Thousand (Ph120,000.00) Pesos,

you have been remiss in the payment of the principal and due interest for
which you issued a check in the amount of Ph84,000.00.

Last September 28, you paid our client the amount of Php20,000.00, leaving
a balance of Eighty Six Thousand Four Hundred Forty (Ph86,440.00) Pesos,
inclusive of interests as of May 2021.

Forthwith, formal demand is therefore made on you to pay the said

outstanding balance of EIGHTY SIX THOUSAND FOUR HUNDRED
FORTY (P86,440.00) PESOS within SEVEN (7) DAYS upon receipt
hereof, plus attorney’s fees equivalent to TEN (10%) percent of the total
amount due.

Being a good businessman yourself you would not let this obligation pester
into an embarrassing court litigation which we will not hesitate to resort to if
you remain adamant in your refusal to pay your valid obligation, which may
include a CRIMINAL action for Estafa.

We hope that you would see the light towards the early settlement of your
account from receipt hereof. Thank you very much.

Very truly yours,

ABRAHAM S. OLEGARIO, JR.

For the firm