LOAN TERM AGREEMENT

I. Parties

Loan term agreement between the BORROWER and the LENDER.

NAME OF THE BORROWER:

NAME OF THE LENDER:
Loan term agreement effectivity: August 29, 2023
Borrowed Amount: P 20,000 (Twenty Thousand PESOS)

MARK DEXTER CAPINO

Agreed on these terms:

 The said Borrower will render COMPLETE PAPERS of his MOTOR VEHICLE (SUZUKI
RAIDER 150 SERIES: MODEL 2016 WITHOUT SIDECAR CHASIS NO.) ORIGINAL
OR/CR/KEY with DEED OF SALE .
 The DEED OF SALE will only BE EFFECTIVE once THE BORROWER CANNOT PAY the
EXACT FULL AMOUNT of 20,000 PESOS within 3 MONTHS dating November 29. 2023
 Any form of STAGGARED PAYMENT is NOT INCLUDED or WILL BE VOIDED.
 If there is no payment in 2 consecutive MONTHS THE DEED OF SALE will also be
EFFECTIVE IMMEDIATELY.
 BORROWER AGREED TO PAY %15 monthly of the PRINCIPAL amount of TWENTY
THOUSAND PESOS. Starting September 29, 2023
 Incase the DEED OF SALE BECOMES EFFECTIVE the said MOTOR VEHICLE should be in
PERFECT CONDITION and will have 1 year FREE of FULL SERVICE in GARAGE POWER
to make sure its perfect CONDITION.

The failure of either party to enforce any provision of this agreement shall not be construed as a
waiver or limitation of any parties right to subsequently enforce and compel strict compliance
with every provision of this agreement.

LENDER BORROWER