25 March 2015

Pedro Santos
10 Recto Ave., Manila

Dear Ms. Santos,

Our FIRM represents Mr. Juan dela Cruz of MOQ 72 Malacañang Park, Manila. He is
one of the many investors in your company X Corporation.

After due consultation with him, it has come to our attention that you issued two (2) Y
Bank Checks bearing the NOS. 11111 and 22222, dated 22 December 2014 and 22 January
2015 respectively, both having a face value of SEVENTY THOUSAND PESOS (70, 000.00).

On 15 February 2015, our client presented the above-described checks for payment;
however, they were dishonored for the reason that the said account was closed.

Hence, Formal Demand is being made upon your person to make good the said checks
within five (5) days from receipt hereof, or else, we shall be constrained to file the necessary
action in court, both civil and criminal. Please consider this correspondence as our Final
Demand.

We trust that you will give this matter preferential attention.

Respectfully yours,

(Sgd.) ATTY. Julia Mendoza

Mangtanggol and Manalo Law Office
Unit 1, A Bldg., España, Manila