Date: _________________

DEMAND LETTER

(Name of Debtor)
(Address)

Dear ___________:

This letter will serve as formal notice to you that you are in default of your
obligation to repay the sum of ______________________ which was loaned on
you on _____________ amounting to ___________________. To date, only a
total of _____________________ was paid. The total amount of
__________________ is now overdue and you have failed to repay the same
despite our repeated requests for payment.

Unless payment of the above amount is received by the undersigned in

full within fifteen (15) days from the date of this letter, I will have no alternative
but to exercise whatever rights and remedies I have under the law to enforce
such payment, including but not limited to institution of legal proceedings against
you to recover the above amount, together with accrued legal interest and legal
expenses.

Kindly govern yourself accordingly.

Very truly yours,

_________________
Creditor