LOAN CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT is made and executed by and between:

Proserpina R. Dizon of legal age, Filipino and resident of 6072 Kuliat st. Angeles City, Pampanga Hereinafter referred to
as the “LENDER”

-And-

Luisito Tamayo of legal age, Filipino & resident at Angeles City Pampanga

Hereinafter referred to as the “LENDEE”

WITNESSETH that

WHEREAS the LENDEE desires to loan the amount of TWENTY THOUSAND PESOS (P20,000.00) From the LENDER and
commits to pay back the entire amount in 8 equal payments of P3,000 commencing June 30, July 15, July 30, August
15, August 30, Sept 15, Sept 30, Oct 15 Salary Deduction every payday.

CALCULATIONS:

LOANED AMOUNT: 20,000 + standard interest ( 4 mos x 20%) or P4,000.00

LOAN = P24,000.00 / 8 (Num of payouts) = P3,000.00

WHEREAS the LENDOR represents that she/he is financially able to provide the above mentioned amount.

Now therefore, for and in consideration of the foregoing premises and in mutual covenants hereinafter set forth. The
LENDOR and LENDEE hereby agree as follows.

 The entire amount P24,000.00 should be paid in EIGHT equal payments of P3,000.0 per cut off on the dates
stated above.
 Each payment shall be paid in cash, Salary Deductions from Payroll. It is the Lendee’s obligation to remit the
amount every cut off to the Lender’s Authorize person to get the amount.

PENALTIES FOR FALTERED PAYMENTS.

 Everyday of delay in paying will subject the LENDEE to a delay fee of P500 per delay payable within 5 days of
falter. This is for the first offense alone and succeeding payments go on as scheduled.
 Failure or refusal to pay the penalties and initial above mentioned delay fees will automatically be considered a
succeeding “non-payment” and shall pay the following remaining amount with additional 10% monthly.
 In the event of the Lender resigned from CEC Global, Lender agrees to pay the remaining balance from his/her
last pay.

PROSEPINA R. DIZON Luisito Tamayo Anne Lilete Mariano HR

LENDOR LENDEE HR Manager

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