Demand on Guarantor

Company Letterhead

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

Date and Reference

Date: {{date}}

Our Ref: {{our_reference_number}}

Your Ref: {{your_reference_number}}

Guarantor Information

To: {{guarantor_name}}

{{guarantor_address}}

Subject

DEMAND FOR PAYMENT IN TERMS OF DEED OF GUARANTEE - {{principal_debtor_name}} (Account No: {{account_number}})

Recital of Guarantee

We refer to the Deed of Guarantee (the 'Guarantee') executed by you on or about {{guarantee_date}}, in terms of which you irrevocably and unconditionally guaranteed the due and punctual payment by {{principal_debtor_name}} (the 'Principal Debtor') of all amounts due and owing to us, {{company_name}}, arising from the credit facility/loan agreement dated {{agreement_date}} (the 'Facility Agreement').

Default of Principal Debtor

We hereby inform you that the Principal Debtor has defaulted on its obligations under the Facility Agreement. As of {{default_date}}, the Principal Debtor has failed to pay the amount of {{outstanding_amount}} ({{outstanding_amount_words}}) in terms of the Facility Agreement, which amount is now due, owing and payable. A detailed statement of the outstanding amount is attached hereto as Annexure 'A'.

Demand for Payment

In light of the Principal Debtor's default and in accordance with your obligations under the Guarantee, we hereby demand immediate payment of the full outstanding amount of {{outstanding_amount}} ({{outstanding_amount_words}}), together with accrued interest at the rate of {{interest_rate}}% per annum from {{interest_start_date}} until the date of full and final payment.

Payment must be made within {{payment_due_days}} ({{payment_due_days_words}}) days from the date of this letter into the following bank account:

Bank Name: {{bank_name}}

Account Holder: {{company_name}}

Account Number: {{bank_account_number}}

Branch Code: {{branch_code}}

SWIFT Code: {{swift_code}}

Consequences of Non-Payment

Please note that should you fail to make payment of the full outstanding amount within the stipulated period, we will have no alternative but to institute legal proceedings against you for the recovery of the debt, without further notice. Such legal action may include, but is not limited to, claiming all legal costs incurred on an attorney and own client scale, collection commission, and any other charges permitted by law.

Contact Information

Should you have any queries regarding this matter, please do not hesitate to contact {{contact_person_name}} at {{contact_phone_number}} or {{contact_email_address}}.

Conclusion

All our rights remain reserved.

Yours faithfully,

Signature Block

_________________________

{{authorized_signatory_name}}

{{authorized_signatory_title}}

For: {{company_name}}