CONTRACT OF PLEDGE

This AGREEMENT, made and entered into this 30 th day of August, 2020 by and
between MICHAEL JEFFREY D. DIMAYUGA, of legal age, single and residing at 26-E 2 nd
Avenue Brgy. East Rembo, Makati City, Philippines, now and hereinafter called the Pledgor,
and JEPOY C. VITERBO likewise of legal age, married, and residing at 869 Daang Aleman St.
Brgy Prinza, Calauan, Laguna, Philippines, now and hereinafter called the Pledgee.

WITNESSETH:

That WHEREAS, the Pledgor has executed a promissory note dated August 10, 2020,
in favor of the Pledgee and made payable within 30 days after date at Makati, Philippines,
for the amount of Php 100,000.00 (ONE HUNDRED THOUSAND).

WHEREAS, the Pledgor has agreed with the Pledgee to secure the payment of the
said note.

NOW THEREFORE, in consideration of the premises and mutual covenants herein

contained, the Pledgor has, as a collateral security for the payment of the aforementioned
note and by way of pledge, deposited with the said Pledgee the following personal property
of his own exclusive ownership, and of which he has the free disposal, to wit:

1. iPhone 11 Pro Max, 256GB, Color: Black

2. Bose Soundlink Mini Bluetooth Speaker, Color: Grey

And the said parties to this instrument agree that the Pledgee who acknowledges
receipt of the aforementioned personal property of the Pledgor shall take good care of the
said property until redeemed by the said Pledgor;

That should the said note or any part thereof, or interest to grow thereon, remain
due and unpaid, after the said note shall have been due, according to the terms thereof, the
said Pledgor, irrevocably empowers and authorizes the said Pledgee, his heirs, executors,
administrators and assigns, to sell or dispose of the abovementioned property or any part
thereof at public auction as provided for in Article 2112, of the Civil Code, from the proceeds
of such sale to pay the principal and interest of the said note, and all such costs as may be
incurred by virtue of such sale; and

That in case of deterioration or fall in the price or market value of the personal
property herein pledged, the Pledgor hereby agrees to put up additional security in
proportion to the deterioration or fall in market value of the same, and in default of which,
the said note shall be considered due and payable under the above stipulation; but in the
event of payment of said note and interests due therefrom, this agreement is to be void,
and the above-named securities are to be returned to the Pledgor.

IN WITNESS WHEREOF, we have set our hands this 30th day of August, 2020 at
Makati City, Philippines.

MICHAEL JEFFREY D. DIMAYUGA JEPOY C. VITERBO

Pledgor Pledgee

Signed in the presence of:

Witness Witness

ACKNOWLEDGMENT

SUBSCRIBED AND SWORN TO BEFORE ME, this 30th day of August, 2020, in the City
of Mandaluyong, personally appeared:

COMPETENT EVIDENCE OF
NAME DATE / PLACE ISSUED
IDENTITY
MICHAEL JEFFREY D.
TIN: 222-105-000 Makati City
DIMAYUGA
JEPOY C. VITERBO TIN: 459-108-000 Municipality of Calauan

That they executed the foregoing as their free and voluntary act and deed. Known to
me to be the same persons who executed the foregoing instrument, made oath to the truth
thereof and acknowledged that the same are their free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on
the date and place above written.

ATTY. FIDES CARMEN D. PAPAG

Roll Attorney No. 98652
IBP No. 0874556/01-06-20/RSM
PTR No. 86752314/01-06-20/QC
MCLE Compliance No. VII 5674325/0718-15