March 7, 2023

________________________________

Dear Mr. and Mrs. Mesario:

RE: DEMAND TO PAY

The Firm writes for and on behalf of our client, ____________________, regarding your unpaid and
outstanding loan obligation incurred on November 19, 2016 with _________ percent agreed interest
rate compounded monthly, details of which are as follows:
a) Principal amount of: P100,000
b) Interest amounting to: P600,000
c) Surcharges or penalties amounting to: P50,000

As of February 19, 2023, the total amount due and payable is Seven Hundred Fifty Thousand Pesos
(P750,000) inclusive of interest, surcharges or penalties. However, as of this date, your loan obligation
remained outstanding.

Under the loan/credit agreement you entered into with our client, failure to pay when due of your loan
obligation is an event of default and yet despite repeated demands, you refused to pay and continue to
refuse to pay the same. Hence, your outstanding obligation is now in SERIOUS DEFAULT which
constitutes a gross violation of the agreement you entered into with our client.

Accordingly, DEMAND is hereby made upon you to immediately pay or settle your outstanding loan
obligation within Fifteen (15) days from receipt hereof. Otherwise, we shall be constrained to take the
necessary and appropriate legal action to enforce the collection thereof without prejudice to our client’s
right to claim for any damages to which she is entitled under the law. In such an event, you shall be
held liable for the cost and expenses in litigation plus attorney’s fees.

We expect you to settle the above obligation, thus, you may directly contact our client,
____________________________________________
Thank you for your prompt attention to this matter.

Sincerely,

___________________________________
Legal Counsel/ Managing Partner
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