Date

Borrower/Co-borrower/Co-maker

Dear Mr./Mrs./Mrs.______________________________________________________,

We write in behalf of our client _________________ INC. concerning your unpaid

amortization/s covered by Promissory Note No. _________ and dated ____________.

Records forwarded to us show that you paid a partial payment amounting to

AMOUNT PAID IN CAPITAL LETTERS (₱_______). However, your outstanding balance
amounted to TOTAL AMOUNT PRINTED IN BOLD AND CAPITAL LETTERS
(₱________) inclusive of interest, penalties and collection fees. Kindly refer to the updated
Statement of Account hereto attached as Annex “A”.

Thus, legal notice and demand is hereby given for you to return the aforesaid
amount IN FULL within five (5) banking days from receipt hereof. Otherwise, we will
have no other choice except to institute the necessary legal action against you and
further hold you responsible for the payment of attorney’s fees and other litigation
expenses.

We trust that you will give this matter your preferential attention to avoid the
inconvenience of a legal action.

Sincerely yours,

ATTY. -------------------------------