NOTICE OF DEMAND
To: [THE PERFORMANCE SECURITY ISSUER]
[Address]
Attn: [•]
Re: Surety Bond No. [•]
The undersigned, the duly elected local chief executive of the LGU, a political subdivision of the Government of the Republic of the Philippines, with its principal office at [•], Philippines (together with its successors and assigns in such capacity, the "LGU") make reference to the [name of the LGU] Ecological Solid Waste Management Agreement dated as of [•] between the LGU and [•], a corporation duly organized and existing under the laws of [•] having its principal office at [•], Philippines (the "Company") (the "Agreement"). THE LGU hereby demands payment under the Surety Bond in the amount of [•] (P[•]) Philippine Currency as penalty payment by [the Company] under the Agreement for one or more of the following reasons:
[specify breach by the Company]
The aggregate amount of this claim and the other previous claims paid under the Surety Bond do not exceed the amount of PHP[•].