February 21, 2017

MR. JAY- ARE P. BASYAG

#26 Bancud St.
Tuguegarao City, Cagayan

Dear Mr.Basyag:

GREETINGS!

This pertains to our loan agreement that we have executed last January 08, 2016 in the
amount of P40, 000.00 with monthly interest of six (6) percent. At that time, we agreed
that this loan was to be paid in full by January 08, 2017. As of today, February 21, 2017,
you have not given any payments towards this loan. It has been more than one year
since the loan was to be repaid in full. I request that, on the receipt of this letter, you
repay the amount in full with its total incurred interest of P22,800.00.

If I do not receive payment in full before the end of this year, I reserve the right to take
further legal action to recover the amount of the loan without further notice to you. This
letter may be given in evidence in court of your failure to pay. If it becomes necessary
to go to court, I will expect you to pay the applicable interest, filing and attorney’s fees.

Your immediate attention to this matter will be highly appreciated.

Sincerely,

DIANA CARLA FERMIN KANAPI

Pengue Ruyu, Tuguegarao City

Attached herein:

Contract of Loan
Acknowledgement Receipt