As per your telephonic discussion with Mr. Mathew Smith- General Manager- Finance & Accounts of our company, we have drafted a promissory demand note after evaluating all the terms & conditions of both the parties. In this promissory demand note, Billbug Sales & Marketing Pvt. Ltd (the maker) will make a total payment of $ 5000 for which the calculated principal amount is $ 4500 and the amount of interest is: $ 500 to Joan & John Suppliers Pvt. Ltd (payee) within a committed duration of 1 month. For more details, kindly find enclosed official terms & conditions approved by the Maker and the Payee.
You are requested to submit your official response on this Promissory Note demand letter.