REACT Co.
July 27, 2021
To: Mr. Teodoro B. Cabra
This is regarding the China Bank check payment (Check # 0000358405) received
by Recyclable Energy and Air Conservation Technology Co. (REACT Co.) from
AT&T Trading and Industrial Services (AT&T) dated on October 30, 2019, for
goods amounting to 226,070.00php.
First check issued amounting to 226,070.00php (China Bank Check
#0000358405), dated December 17, 2019, was due to go stale because AT&T did
not have sufficient funds in their account. REACT Co. agreed to have the check
replaced and split to two checks to accommodate to AT&T’s request. Checks were
replaced on February 5, 2020.
The 226,070php was split to two (2) checks, but AT&T still failed to have the
adequate funds to complete payment for the second check amounting to
126,070php and requested for another extension and replacement of checks that
were due to go stale. Checks for replacement of Check # 0000358421 was replaced
on June 29, 2020.
- China Bank Check # 0000348420 dated February 5, 2020, with amount
of 100,000php. (PAID)
= China Bank Check # 0000358421 dated February 21, 2020, with amount
of 126,070php.
For the balance of 126,070php, REACT Co. was again informed that AT&T does
not have sufficient amount in their account, and REACT Co. agreed to have the
check replaced and split to four (4) checks to accommodate to AT&T’s request.
Checks were replaced on December 23, 2020.
= China Bank Check #0000358440 dated January 15, 2021, with amount of
30,000php. (PAID)
China Bank Check #0000358441 dated January 30, 2021, with amount of
30,000php. (Due to go stale on July 30, 2021)
China Bank Check #0000358442 dated February 15, 2021, with amount
of 30,000php.
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P CON ZL oye
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712%- China Bank Check #0000358436 dated February 28, 2021, with amount
of 36,070php.
ATAT once again does not have sufficient funds on their account and is requesting
for another replacement on the China Bank Check #0000358441 dated January 30,
2021, with amount of 30,000php.
REACT Co. is allowing the replacement of check the final time, with the condition
that the remaining checks will be deposited on the schedule below:
- China Bank Check # (Replacement for check
0000358441) on Aug. 9, 2021.
- China Bank Check # 0000358442 (dated Feb. 15, 2021) on Aug. 9, 2021
- China Bank Check # 0000358436 (dated Feb. 28, 2021) on Aug, 23, 2021.
The replacement of China Bank Check #0000358441 indicates the acceptance of
AT&T to the condition that all three (3) remaining checks with the total amount of
96,070php will be deposited on the dates set above.
Signature over complete name Date Signed
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