Subject: Transmittal of Cancellation and Satisfaction of Promissory Notes. — Nassau, New York [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to transmit the Cancellation and Satisfaction of Promissory Notes. Pertaining to our previous financial arrangements. I am pleased to inform you that as of [date], all outstanding promissory notes between [Name of Borrower] and [Name of Lender] have been fully settled and paid in accordance with the agreed-upon terms. To formalize the conclusion of these obligations, please find enclosed the original promissory notes, hereby canceled and marked as satisfied. The details of the promissory notes are as follows: 1. Promissory Note 1: — Agreement Date: [Date— - Principal Amount: [Amount] — Interest Rate: [Rate— - Maturity Date: [Date] 2. Promissory Note 2: — Agreement Date: [Date— - Principal Amount: [Amount] — Interest Rate: [Rate— - Maturity Date: [Date] 3. (If applicable) Promissory Note 3: — Agreement Date: [Date— - Principal Amount: [Amount] — Interest Rate: [Rate— - Maturity Date: [Date] By submitting this letter, we hereby confirm and declare that all financial obligations associated with the aforementioned promissory notes have been fully satisfied and discharged. As per legal requirements, this letter serves as a formal cancellation and satisfaction of promissory notes, releasing any and all claims and encumbrances against [Name of Borrower] and in favor of [Name of Lender]. Should you require any further documentation or information, kindly reach out to me using the contact details provided above. Thank you for your cooperation throughout this financial arrangement, and we express our gratitude for your trust and support. We trust that this will conclude our business relationship on a mutually satisfying note. Yours sincerely, [Your Name] Enclosure: Cancellation and Satisfaction of Promissory Notes.