This promissory note outlines the terms for paying back Rechelle Revilloza P230,000 following the failed deployment to Australia of Maritess Batac, Marlene Milucha, and Orlando dela Cruz. They agree to pay an initial P20,000, and weekly payments of an undisclosed amount until the full amount is paid. If payments are not made on schedule, Revilloza can take legal action. Upon full payment, Revilloza will waive all claims related to the failed deployment. Any legal issues around the note will be handled in courts in Quezon City. Batac, Milucha, and dela Cruz acknowledge receiving and understanding the terms of the note.
This promissory note outlines the terms for paying back Rechelle Revilloza P230,000 following the failed deployment to Australia of Maritess Batac, Marlene Milucha, and Orlando dela Cruz. They agree to pay an initial P20,000, and weekly payments of an undisclosed amount until the full amount is paid. If payments are not made on schedule, Revilloza can take legal action. Upon full payment, Revilloza will waive all claims related to the failed deployment. Any legal issues around the note will be handled in courts in Quezon City. Batac, Milucha, and dela Cruz acknowledge receiving and understanding the terms of the note.
This promissory note outlines the terms for paying back Rechelle Revilloza P230,000 following the failed deployment to Australia of Maritess Batac, Marlene Milucha, and Orlando dela Cruz. They agree to pay an initial P20,000, and weekly payments of an undisclosed amount until the full amount is paid. If payments are not made on schedule, Revilloza can take legal action. Upon full payment, Revilloza will waive all claims related to the failed deployment. Any legal issues around the note will be handled in courts in Quezon City. Batac, Milucha, and dela Cruz acknowledge receiving and understanding the terms of the note.
For value received in relation to her failed deployment to Australia, we
hereby promise to pay RECHELLE A. REVILLOZA, of legal age, Filipino, single and with residential address at Block 2, Lot 21, Shooting Star Street, Antipolo Hills Subdivision, Antipolo City, Rizal, the sum of PESOS: TWO HUNDRED THIRTY THOUSAND (P230,000.00) in accordance with the following schedule:
1. On 30 July 2007: PESOS: TWENTY THOUSAND (P20,000.00);
2. Every week thereafter until full satisfaction of the total obligation: PESOS: ________________ THOUSAND (P___,000.00).
We irrevocably acknowledge that in the event that we fail to promptly
pay the total obligation in accordance with the aforementioned schedule, Ms. Revilloza may already commence the necessary and appropriate civil and/or criminal suit against us for the protection of her rights and interests. Upon full payment, Ms. Revilloza will, in turn, execute a full quitclaim and waiver of any and all actions arising from the failed deployment to Australia.
Actions that may arise involving the interpretation and enforcement of
the stipulations of this Note shall solely be lodged before the proper court of Quezon City.
WE ACKNOWLEDGE THE RECEIPT OF A COPY OF THIS NOTE
PRIOR TO THE CONSUMMATION OF THE CREDIT TRANSACTION AND THAT WE FULLY UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS THEREOF.
MARITESS BATAC MARLENE MILUCHA ORLANDO DELA CRUZ
REPUBLIC OF THE PHILIPPINES)
________________________ ) SS.
SUBSCRIBED AND SWORN to me this ____ day of ____________,
2007 at ______________, affiants exhibiting to me their CTC Nos. as follows: