August 16, 2018

__________________

Dear Mr.,

DEMAND LETTER

The undersigned is formally writing to you to formally demand the

payment of One Hundred Thousand Pesos (P100,000.00) including
its interests as agreed upon in the loan agreement/promissory note
which you have signed on February 03, 2018 (Annex A).

Under the said loan agreement, the principal loan including the
interests had become due and demandable on March 01, 2018.
Hence, the undersigned is rightfully exercising her right to demand
the payment thereof.

On the other hand, it is of record that you have issued two checks
in favor of the undersigned for the payment of the loan
agreement/promissory note.

The first check, under Security Bank, Pasay Macapagal Avenue

Branch, issued on July 19, 2018 under the Account Name DBU
Norwegian Trading, with an Account No. 000-14548-822 and Check
No. 0000772037 representing the amount of One Hundred Ten
Thousand Pesos (P110,000.00) (Annex B). The said check bounced
as it was issued under a closed account.

In the same vein, you have again issued a second check, under
Security Bank, Pasay Macapagal Avenue Branch, on August 03,
2018 under the Account Name, with an Account No. 000-015062-
530 and Check No. 0000596008 representing the amount of One
Hundred Ten Thousand Pesos (P110,000.00) (Annex C). However,
the said check bounced for being issued under a closed account.
In this regard, kindly settle your loan agreement before the
undersigned on August 20, 2018 for a non-extendible period.
Otherwise, your continuous failure to settle your loan agreement
will result in the filing of the corresponding legal actions including
the filing of criminal charges against you in violation of B.P. 22,
otherwise known as the Bouncing Checks Law.

Note that you have been duly warned and notified.

Signed:

___________________________