November 13, 2019

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This is in reference to the audit report of Progressive Bank Inc. which

showed that you incurred the liability of Fourteen Thousand Eight
Hundred Fifty Pesos and 70/100 (PHP 14,850.70). As such, you are
required to settle your obligation with the bank as soon as you receive
this letter.

Should we fail to hear from you within ten (10) days from the receipt of
this demand, we will construe it to mean that you are ignoring the same
and we will be constrained to institute legal action against you in order
to protect the interest of the Bank.

I hope that you give this matter your immediate attention.

Thank you.

Legal Head

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Received by