This is in response to the letter issued by that Office requiring me
to pay in full and settle the total amount of One Hundred Twenty Eight Thousand Eighty Nine Pesos (P 128, 089.00) within seven (7) working days upon receipt of the letter. The demand letter issued by that Office was diametrically opposed to the prior communication issued by Main Office of Benchmark Corporation in that the latter required me to pay the amount of EIGHTY THREE THOUSAND TWO HUNDRED THIRTY THREE PESOS (P 83, 233.00) within seven (7) days from my receipt of the memorandum while the former ordered me to settle the amount of One Hundred Twenty Eight Thousand Eighty Nine Pesos (P 128, 089.00) within seven (7) working days upon receipt of the letter. A copy of the said letter is hereto attached as Annex A. The undersigned believes that the prior Memorandum should prevail considering that it was issued by higher office. Without necessarily resorting to technicalities, I would to state that, without admitting the offense hurled against me, I am willing to pay and settle the amount contained in the letter of that Office within a given reasonable period. Further, as sign of goodwill, I am attaching a Promissory Note pursuant to such purpose. Complying with the aforestated obligation within seven (days) from receipt of your memorandum is undoubtedly impossible on my part considering the fact of termination of my employment and financial setbacks I am facing at present. In this regard, may I respectfully request that I be given sufficient period in complying with my obligation. Within the said period I intend to collate my financial resources and solicit the assistance of my relatives so I would come up with the said amount. Failure on my part to fulfil my promises within the stipulated period shall constitute sufficient action for the company to undertake adverse actions against me. Apropos the security on the part of the company with the said undertaking, I am allowing that Office to forfeit my savings in the Employees Investment Savings Program amounting to TWELVE THOUSAND FIVE HUNDRED SIXTEEN PESOS (P12, 516.00). However, settlement of the abovementioned amount on my part shall partially release me from the entire liabilities arising from the undertaking. Thus, in the interest of equity, I beg that Office to grant my request to settle my obligation within a reasonable period.
I am thanking your preferential attention on this matter. Thank you