DEMAND LETTER

MS. JOY DUJECO VENTURILLO

MR. JAYRUFEL D. VENTURILLO
BM Road San Manuel, Puerto Princesa City

Sir and Madame:

I am writing in behalf of SWEET JONALYN F. MATTA1 that you have contracted

with a Short Term Loan2 which took effect on August 25, 2016 of which you
promised to pay within three months from that date for five thousand pesos (Php
5,000.00) per month in the first two months and the total amount of fifty-
thousand pesos (Php 50,000.00) plus 10% interest on the third month. To secure
payment thereof two (2) postdated checks in the amounts of five thousand pesos
(Php 5,000.00)3 and fifty-five thousand pesos (Php 55,000.00)4 was issued in
favor of the lender.

Accordingly, the two post-dated checks issued had bounced for reason that the
account of which it is to be drawn is already closed when the lender tried to
encash the same thereby prompting renegotiation of which both of you in a
supplemental agreement5 executed with the lender agreed to extend the period
of payment with the guarantee to pay all balances (principal, interest and
whatever additional interest due to the delayed of payment) on or before
December 15, 2016.

Unfortunately, December 15, 2016 lapsed and with only twenty-thousand pesos
(Php 20,000.00) was ever paid to the lender. At the moment both of you owed
the lender with all the accumulated interest therein the total amount of one
hundred ninety-thousand pesos (Php 190,000.00). Henceforth, we are
demanding the payment of the said total amount on or before ten (10) days upon
the receipt or date of service of this letter otherwise we shall seek all necessary
legal remedies to collect the aforementioned amount.

Sincerely yours,

ATTY. ARIEL A. ABIS

ATTORNEY’S ROLL NO. 67114
PTR NO. 11297224; 01-28-19/PALAWAN
IBP NO. 075843; 03 – 07 – 19/PALAWAN
MCLE NO. VI – 0021606
COMPLIANCE DATE: MARCH 28, 2019
VALID UNTIL: APRIL 14, 2022
C/O PROVINCIAL LEGAL OFFICE, ROOM 3C, 3RD FLOOR
CAPITOL MAIN BLDG., RIZAL AVE. COR FERNANDEZ ST.
PUERTO PRINCESA CITY, 5300

1
Herein named as the lender
2
Short Term Loan Agreement is herein attached as Annex A
3
Postdated check in the amount of five thousand pesos is herein attached as Annex B-1
4
Postdated check in the amount of fifty five thousand pesos is herein attached as Annex B-2
5
Supplemental agreement is herein attached as Annex C