JASVIR BRAR & FRIENDS LENDING AND TRADING CORP.

Doña Maria Subd., Tenejero, Balanga City, Bataan

Non Vat Reg. TIN 005-861-806-000

PROMISSORY NOTE

Amount of Note: P ________________ Date of Note: ___________________

Maturity Date: ___________________

__________________________________ (________ days ) after date, I/we promise to pay jointly and severally to the order of
Jasvir Brar & Friends Lending and Trading Corp. at its Office at Doña Maria Subd., Tenejero, Balanga City, Bataan
the sum of____________________________________________________________(PESOS) (P _____________________)
Philippine Currency with interest at the rate of ____ percent (____%) per month from
___________________________________________until fully paid. The interest rate shall be subjected to change in
accordance with the prevailing central Bank applicable rules and regulations.

DATE INSTALLMENT AMOUNT

________________________________ _____________________________ _____________________________

________________________________ _____________________________ _____________________________
________________________________ _____________________________ _____________________________
________________________________ _____________________________ _____________________________

I/We bind myself/ourselves to pay Jasvir Brar & Friends Lending and Trading Corp. a sum equivalent to
______________ percent ( _____%) per month to the principal amount of this loan when due and ____________ percent
( _____% ) per month as penalty from date of default.

In the event , this note is placed in the hands of a lawyer for collections. I/We jointly and severally shall pay ten
percent (10%) as Attorney’s fee, computed on the principal plus interest and other allowable charges and fees.

DEMAND AND DISHONOR WAIVED. Holder may accept partial payment reserving his right to recourse against each
and all endorses.

DONE in ______________,this ____________________________ day of _______________________ 2016.

_________________________________ ________________________________
Signature/ Thumbmark of Borrower Signature/ Thumbmark of Co-Maker

_________________________________ ________________________________
Address Address

SIGNED IN THE PRESENCE OF:

_________________________________ ________________________________
Name and Signature of Witness Name and Signature of Witness