LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Agreement made and entered in the City of Puerto Princesa, Palawan by and
between: RAMEL VALORUSO, of legal age, married, Filipino and resident of Bgy. San
Jose, Puerto Princesa City, Palawan, hereinafter called the DEBTOR; - and-
DANIEL DIAZ, married and ALLAN ABREU, single, both of legal age, both Filipino
Citizen and both residents of Puerto Princesa City, Palawan, hereinafter called the
CREDITOR;
WITNESSETH:
That the DEBTOR obtained a loan in the amount of FIFTY THOUSAND PESOS
(50,000), Philippine Currency, from the CREDITOR, with an interest rate of Eight Percent
(8%) per month;
That both parties agreed that said loan is to be paid for a period of ________, from
signing of this instrument, until __________;
That both parties likewise agreed that the monthly interest shall be paid, every 16th
day of each and every month;
CO-MAKER STATEMENT:
That I, MARIO S. DIEGO, of legal age, married, Filipino and resident of Barangay San
Jose, Puerto Princesa City, Palawan is willing to be a co-maker of the Debtor and will
obliged to pay the loan amount including the interest in case of failure to pay of the said
Debtor.
IN WITNESS WHEREOF, We have hereunto set their hands this
___________________ at City of Puerto Princesa, Palawan.

MARIO S. DIEGO DANIEL DIAZ ALLAN ABREU RAMEL VALORUSO

Co-Maker Creditor Creditor Debtor
ID No. _________ ID No. _________ ID No. ________ ID No. _______
Issued by_______ Issued by_______ Issued by_______ Issued by_______

SIGNED IN THE PRESENCE OF:

1. Mavelyn L. Lagrada 2. Jane L. Delos Santos

ACKNOWLEDGMENT
Republic of the Philippines)
City of Puerto Princesa )S.S.
BEFORE ME, A Notary Public for the Province of Palawan and in the City of Puerto
Princesa, this __________________, personally appeared the above-named persons,
with their respective Valld Identification Card Nos. indicated below their names, who
presented themselves to be same persons who executed the foregoing instrument, which
they acknowledged before me as their free act and deed. WITNESS MY HAND AND
SEAL.
Doc. No.
Page No.
Book No. Series of 2022