REPUBLIC OF THE PHILIPPINES}}

CITY OF PAGADIAN }}SS

SECURITY AGREEMENT

KNOW BY MEN ALL THESE PRESENTS:

1. The GRANTOR agrees to create a security interest over the movable property
described below, in favor of the SECURED CREDITOR, to secure its obligation to pay
in the amount of (amount) and under (description of the agreement from which the
obligation arises, including the date the agreement was entered into).

2. The security interest covered under this Agreement shall cover the movable property
described below:

(Description of encumbered asset for example, located at…manufactured by…with serial

number..)

IN WITNESS WHEREOF, the parties hereunto set their hand on this ______ day of
___________, 2022 at __________________________, Philippines.

Grantor Secured Creditor

_____________________ _______________________

SIGNED IN THE PRESENCE OF

_____________________ _______________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPINES}}

CITY OF PAGADIAN}} S.S

BEFORE ME, a notary public for and in abovementioned jurisdiction, personally

appeared the affiant/s with the following:

Name Competent Expiry Date Place of Issue

Evidence of
Identity

known to me to be same person who executed the foregoing Special Power of Attorney,
and who acknowledged to me that the same is his free and voluntary act and deed.

This instrument consisting of ___ pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each an every page
thereof by ______________________ and his witness and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial

seal this _6th day of _JUNE , 2022 in Pagadian City, Zamboanga Del Sur.

NOTARY PUBLIC

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2022.

JURAT

SUBSCRIBED AND SWORN to before me, in the City of _______________,

this ___ day of _______, 2022 with competent evidence of identification _____________
issued at __________________, issued on __________, 2022.

NOTARY PUBLIC

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2022.