CONDITIONAL LOAN AGREEMENT

This agreement is made as of this 22nd day of July 21, 2021 by and between:
Florence C. Bichara, of legal age and with postal Address at Zone 4 Coral Street, San
Agustin, Iriga City. To be known as the Borrower and Jesusa D. Tolin also of legal age,
married, resident of San Agustin, Iriga City. To be known as the lender.
Whereas, the lender made available the loan amount of two hundred thousand pesos (₱
200,000.00). To the borrower.
Whereas, to protect lender, Borrower pledge her two doors of commercial space situated
at zone 4, corner Coral and Corporal Street, San Agustin, Iriga City, as security of the amount
owed to the lender,
Whereas, lender has existing undertaking to Jefferson John De Lima to purchase his
property situated at Coral Street, San Agustin, Iriga City, upon completion of its documentation
by the lender to the said property,
Whereas, lender will deduct from the purchase price the amount payable in order to
extinguished her obligation.

IN WITNESS WHEREOF, we have hereunto signed this AGREEMENT this _____day

of July 22, 2021. At Iriga City.

Florence C. Bichara Jesusa D. Tolin

Borrower Lender

_________________ _______________
Witness Witness

ACKNOWLEDGEMENT

REPUBLIC OF THE Philippines)

IRIGA CITY……………………...) s.s.

BEFORE ME, this _______of July 2021. At Iriga City, personally came to me and
appeared the above-named person, known to me to be the person who executed the foregoing
instrument and acknowledge to me that the same are their free and voluntary acts and deeds.

WITNESS MY HAND AND OFFICIAL SEAL on the date and place indicated above.

Doc. No. _______

Page No. ______
Book No. ______
Series of _______