October 27, 2015

XYZ COMPANY
Mr. Z
M. Street, P. City

Re: NOTICE OF DISHONOR OF CHECKS AND

FINAL DEMAND FOR PAYMENT

Sir/Ma’am:

Good day!

We write in behalf of our client, ABC, INC.

Our client has referred to us the matter of the bounced checks, which
you have issued in its favor, as payment of your obligation. The bounced
checks, totaling to an amount of ONE HUNDRED NINETY FOUR
THOUSAND FIVE HUNDRED FIFTY PESOS AND 40/100
(PHP194,550.20), were Dishonored and returned by drawee bank either
because the funds are not sufficient or the account is closed. The details of the
bounced checks are as follows:

1. BDO CHECK NO. 0013549

AMOUNT: PHP 7,908.53
DATE: DECEMBER 28, 2013
DISHONORED DUE TO: ACCOUNT CLOSED
DATE OF DISHONOR: JANUARY 2, 2014

2 BDO CHECK NO. 0006520

AMOUNT: PHP 25,328.55
DATE: FEBRUARY 18, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: FEBRUARY 20, 2012

3. BDO CHECK NO. 0008022

AMOUNT: PHP 43,700.84
DATE: APRIL 21, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: APRIL 24, 2012
4. BDO CHECK NO. 0009445
AMOUNT: PHP 6,450.00
DATE: APRIL 18, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: APRIL 20, 2012

5. BDO CHECK NO. 0009455

AMOUNT: PHP 6,450.00
DATE: MAY 11, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: MAY 11, 2012

6. BDO CHECK NO. 0009447

AMOUNT: PHP 6,450.00
DATE: MAY 2, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: MAY 4, 2012

7. BDO CHECK NO. 0009453

AMOUNT: PHP 6,450.00
DATE: MAY 3, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: MAY 4, 2012

8. BDO CHECK NO. 0009448

AMOUNT: PHP 6,450.00
DATE: MAY 4, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: MAY 4, 2012

9. BDO CHECK NO. 0009456

AMOUNT: PHP 6,450.00
DATE: MAY 15, 2012
DISHONORED DUE TO: INSUFFICIENCY OF FUNDS
DATE OF DISHONOR: MAY 16, 2012

Demand is therefore made upon you to pay the face value of the said
bounced checks, plus penalties, within FIVE (5) days from your receipt of this
letter.

In addition, our review of your account shows that, including the amount
covered by the bounced checks, you have a long overdue balance of THREE
HUNDRED FOUR THOUSAND EIGHT HUNDRED SIXTY PESOS AND
40/100 (PHP304,860.40). We therefore demand that you pay the FULL
AMOUNT of THREE HUNDRED FOUR THOUSAND EIGHT HUNDRED
SIXTY PESOS AND 40/100 (PHP304,860.40), within FIVE (5) days from
receipt of this letter. Please send your payment, in the form of CASH or
MANAGER’S CHECK, to our office located in the address indicated above.

Consider this as our FINAL DEMAND and NOTICE. Your failure to pay
within five (5) days from receipt of this letter will COMPEL us to file the
necessary CRIMINAL and CIVIL charges against you.

We trust this merits your immediate attention.

For the Firm:

ATTY. Q