REPUBLIC OF THE PHILIPPINES )

PROVINCE OF SAMAR )
CATBALOGAN CITY ) SS.

CONTRACT OF LOAN
KNOW ALL MEN BY THESE PRESENTS:

This Deed is made and executed by and between:

____________, Filipino, of legal age, and a resident of

__________________________, hereinafter referred to as CREDITOR, and;

______________, Filipino, of legal age and a resident of ____________

hereinafter referred to as DEBTOR;

WITNESSETH

That the DEBTOR is desirous of borrowing the amount of SIXTY THOUSAND

(P60,000.00) PESOS, Philippine Currency while the CREDITOR is willing and able to
lend the said amount, subject to the following terms and conditions:

1. That the CREDITOR shall convey the amount of SIXTY THOUSAND

(P60,000.00) PESOS to the DEBTOR upon execution of this Contract;

2. That the DEBTOR shall pay the CREDITOR the aforementioned amount
loaned on or before December 25, 2012;

3. That in case of failure on the part of the DEBTOR to pay the amount
loaned in full at its aforementioned maturity date, then the CREDITOR
shall charge a penalty amounting to a compounded Ten percent (10%)
interest per month of the total amount due until full payment thereof;

4. That in case the court intervention should become necessary and

inevitable, the DEBTOR shall be liable for the court and litigation
expenses and attorney's fee amounting to twenty five (25) percent of
the total amount due and demandable;

5. That the parties herein hereby commit to fully observe the terms and
conditions as embodied in this contract and are fully aware that any
violation of the same shall expose such erring party to the
corresponding, criminal, civil and/or administrative liabilities.

IN WITNESS WHEREOF, the parties have hereunto set their

hands this __________________ day of _______________ , 2018 in Catbalogan City,
Philippines.

_________________________ __________________________
Creditor Debtor

SIGNED IN THE PRESENCE OF:

1 . _________________________ 2. ________________________
REPUBLIC OF THE PHILIPPINES )
PROVINCE OF SAMAR )
CATBALOGAN CITY ) SS.

ACKNOWLEDGMENT

BEFORE ME, this this __________________ day of _______________ , 2018 in

Catbalogan City, Philippines, personally appeared:

NAME PROOF OF IDENTIFICATION PLACE ISSUED

known to me to be the same person who executed the foregoing instrument

and they acknowledged to me that the same is their own free, voluntary act and
deed.

WITNESS MY HAND AND SEAL.

Doc. No. _____

Page No. _____
Book No. ______
Series of 2018