LOAN AGREEMENT

WITH REAL ESTATE MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This Agreement is entered into this 19 January 2020, at General Santos City, Province of South
Cotabato, Philippines, by and between:

MERECIL NALANGAN ZAMBRONA-HADJIULA, Filipino, married to MOH HATTA

HADJIULA, of legal age, and with postal address at Purok 2, Rosary Heights 9, Cotabato City,
hereinafter referred to as the "Creditor";

- and -

_______________________________________, Filipino, single, of legal age, and with postal

address at ____________________________, hereinafter referred to as the "Debtor";

Each of the Creditor and the Debtor may be referred to as a "Party" in the singular and "Parties",
collectively.)

WITNESSETH : THAT

WHEREAS, the Debtor has requested a loan of Three Hundred Thousand Philippine Pesos
(Php300,000.00) (the "Loan") from the Creditor;

WHEREAS, the Creditor has agreed to extend a loan to the Debtor subject to the terms and
conditions set forth herein;

NOW, THEREFORE, for and in consideration of the foregoing premises and of the mutual
covenants and agreements hereinafter stated, the Parties agree as follows:

1. Loan. The Creditor has extended the Loan to the Debtor and agree, upon the terms and
conditions hereinafter set forth, to release said Loan in two installments: on 19 January 2020 in
the amount of One Hundred Fifty Thousand Pesos (Php150,000.00) and the remaining One
Hundred Fifty Thousand Pesos (Php150,000.00) before 31 January 2020.

2. Payment. The Debtor shall fully pay the Loan to the Creditor when his means permits him to
do so or on demand made by the Creditor.

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If any Payment Date would fall on a day which is not a business day, the Loan shall be payable
on the next succeeding business day.

3. Security.

a. The Debtor hereby creates, establishes, and constitutes in favor of the Creditor a real estate
mortgage over the following property with all its increments and accessories (the "Property") to
secure the payment of the Loan and the interest and other charges thereon, and to assure the
prompt and faithful performance by the Debtor of all its obligation in this Agreement:

(PLEASE STATE THE LOCATION OF THE PROPERTY, DESCRIPTION AND TCT

NO.)

b. The Debtor states that it is the sole and beneficial owner of the Property free from any lien,
encumbrance or other security interest of any other person, and that there is no legal or
contractual impediment which would in any way impair the validity or enforcement of this
Agreement.

c. The Debtor agrees and undertakes to execute and deliver to the Creditor such documents as
said Creditor may reasonably request from the Debtor from time to time in connection with the
mortgage.

d. The Creditor or their duly appointed representative/s may have the right to inspect the state or
condition of the Property upon a prior written notice of at least 24 hours to the Debtor during
business hours from 9:00 a.m. to 5:00 p.m. in the premises where the Property is located.

e. The Debtor may not, during the existence of the pledge, mortgage, or sell the Property without
the consent of the Creditor, which consent shall not be unreasonably withheld.

f. The Debtor shall immediately notify the Creditor of damage, loss or, destruction of the
Property.

g. The Creditor shall have a right to judicially or extrajudicially foreclose this mortgage in
accordance with Act 3135, as amended, and/or any other applicable law, and the proceeds of such
sale shall be applied in accordance with this Agreement upon the failure of the Debtor to pay the
Loan secured by this mortgage, or any part thereof when due, or is in default within the meaning
of this Agreement.

h. After the breach of any condition of this mortgage and in addition to the remedies stipulated
herein, the Debtor irrevocably appoints the Creditor as attorney-in-fact with full power and
authority to seize and take actual possession of the Property without the necessity of any judicial
order or any other permission or power than herein granted; to sell, remove or dispose of the
Property, in a public or private sale, or take any other legal action that it may deem necessary; to
execute bills of sale or agreements that it may deem convenient; to make and pay for any repairs
and to perform any other act which the Creditor may deem convenient for the proper
administration of the Property and all expenses incurred/advanced by the Creditor shall be

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charged to the Debtor and likewise secured by this mortgage. Any and all acts done in conformity
with the powers herein granted are hereby confirmed and ratified.

4. Fruits

a. The Debtor hereby agrees that the Creditor shall be entitled to all natural, industrial and civil
fruits of the property until full payment of the loan.

5. Taxes and fees. All documentary stamps due on this Agreement as well as all expenses for the
registration of the Mortgage and other government fees and charges imposed on or in connection
with this Mortgage shall be for the account of the Creditor.

6. Event of Default. Each of the following shall constitute an Event of Default:

a. Failure of the Debtor to comply with any of the covenants or obligations expressed or implied
in this Agreement;

b. Failure of the Debtor to pay any principal amount or interest, when due and payable in
accordance with the terms of this Agreement; or with respect to any amount other than the
principal or interest, failure of the Debtor to pay within thirty (30) days from receipt of payment
notice for said amount;

c. Insolvency of the Debtor or the inability of the Debtor to pay its debts when due or commits
any act of insolvency;

d. An attachment or levy upon all or substantial party of the Debtor's property which would
materially impair the Debtor's financial ability to perform its obligations under this Agreement;

e. Violation by the Debtor of any law, regulation, judgment, or administrative decision or decree,
including non-payment of taxes, in circumstances where the Creditor reasonably believes that
said violation will have an adverse effect on the Debtor's ability to meet its obligations under this
Agreement.

7. Consequences of Event of Default. If an Event of Default shall have occurred, the Creditor
may, by notice in writing, require the Debtor to immediately pay the entire Loan.

8. Notices. Any notice or communication sought to be made in relation to this Agreement shall
be in writing and shall be deemed duly given and sufficient under the following:

a. on the date given, if by personal delivery;

b. Ten (10) business days after posting or the date of receipt, whichever is earlier, if transmitted
by mail; or

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c. Two (2) business days from date of transmittal or the date of acknowledgement of transmittal,
whichever is earlier, if transmitted by facsimile or email.

9. Waiver and Cumulative Rights. Failure or delay of the Creditor in exercising any right,
power, or remedy upon any breach or default of the Debtor under this Agreement shall thereafter
not be construed as a waiver, abandonment or cancellation nor shall it impair any such right,
power, or remedy. Any waiver on the part of the Creditor shall be in writing. All remedies
afforded the Creditor under this Agreement, by law, or otherwise, shall be cumulative and not
alternative.

10. Governing Law. This Agreement and all other documents pertaining hereto shall be
governed and construed in accordance with the laws of the Republic of the Philippines.

11. Severability. If any provision or provisions contained in this Agreement or any document
executed in connection herewith shall be declared by any court of competent jurisdiction as
invalid, illegal, or unenforceable in any respect under any applicable law, the validity, legality,
and enforceability of the remaining provisions contained herein not otherwise so declared shall
remain in full force and effect and shall be enforceable as if they had been executed subsequent to
the expungement of the invalid provision.

12. Assignment. This Agreement shall be binding upon and enforceable on the Debtor and the
Creditor and their respective successors and assigns. The Debtor shall not assign or transfer its
rights or obligations hereunder without the prior consent of the Creditor, which consent shall not
be unreasonably withheld.

13. Entirety of the Agreement and Amendments. This Agreement represents the entire
agreement of the Parties and supersedes all prior negotiations, representations, agreements, either
oral or written. This Agreement may be amended only by a written instrument signed and agreed
upon by all the Parties to this Agreement.

14. Counterparts. This Agreement may be executed in any number of counterparts. Any single
counterpart or a set of counterparts signed, in either case, by the Parties hereto shall constitute a
full and original agreement for all purposes.

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IN WITNESS WHEREOF, the Parties have hereunto affixed their signature on the date and at
the place stated above.

MERECIL NALANGAN ZAMBRONA-HADJIULA

Creditor

______________________________________
Debtor

Signed in the presence of:

AZAS ZAMBRONA SANNY ZAMBRONA

AFFIDAVIT OF GOOD FAITH

We, severally swear that the foregoing Loan Agreement with Real Estate Mortgage is made for
the purpose of securing the obligations specified in the conditions thereof and for no other
purpose, and that the same is a just and valid obligation, and one not entered into for the purpose
of fraud.

MERECIL NALANGAN ZAMBRONA-HADJIULA

Creditor

_____________________________
Debtor

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 ACKNOWLEDGMENT AND CERTIFICATE OF OATH

REPUBLIC OF THE PHILIPPINES )

PROVINCE OF SOUTH COTABATO)
CITY OR MUNICIPALITY OF GENERAL SANTOS CITY ) S.S.

BEFORE ME, a Notary Public for and in the above jurisdiction, this......................................
personally appeared:

1. MERECIL NALANGAN ZAMBRONA-HADJIULA, with the following competent proof

of identification: Driver's License with number ___________________ which expires on
__________________;

2. ____________________________, with the following competent proof of identification:

_____________________ with number __________________ which expires on
__________________

to me known and by me known to be the same persons who executed the foregoing Loan
Agreement with Real Estate Mortgage and they acknowledged to me that the same is their free
and voluntary act and deed and that of the entity represented, if any, for the uses and purposes
therein set forth. The aforesaid persons likewise made oath as to the truth of the Affidavit of
Good Faith.

WITNESS MY HAND AND NOTARIAL SEAL at the place and on the date first herein above
written.

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