CONTRACT OF PLEDGE

This CONTRACT, made and entered into this 31st day of October, 2023 by and between
SHIENA MAY A. ROMANO of legal age, single, and residing at Poblacion, Boljoon, Cebu,Philippines,
now and hereinafter called the Pledgor, and GINEVIE S. ROLLAN likewise of legal age, single, and
residing at Daanglungsod, Oslob, Cebu City, Philippines, now and hereinafter called the Pledgee.
Witnesseth:
That WHEREAS, the Pledgor has executed a promissory note dated October 31,2023, in favor
of the Pledgee and made payable within FIVE MONTHS (150) days after date at
Daanglungsod, Oslob, Cebu City Philippines, for amount of SEVENTY TWO THOUSAND NINE
HUNDRED (P72 900)Pesos, Philippine Currency;
WHEREAS, the Pledgor has agreed with the Pledgee to secure the payment of the said
note;
NOW THEREFORE, in consideration of the premises and mutual covenants herein
contained, the Pledgor has, as a collateral security for the payment of the aforementioned note and by way
of pledge, deposited with the said Pledgee the following personal property of his own exclusive
ownership, and of which he has the free disposal, to wit:
MAKE & TYPE: Honda BeAT Premium ISS/CBS
COLOR: BLUE & BLACK
YEAR MODEL: 2021
SERIES: ACH110CBTL3
ENGINE NO.: JF78E7241031
CHASSIS NO.: K81N0000586
MV FILE NO.: 1303-00001009693
OFFICIAL RECEIPT: 1929850241 CERTIFICATE
OF REGISTRATION:39446961-1
And the said parties to this instrument agree that the Pledgee who acknowledges receipt of the
aforementioned personal property of the Pledgor shall take good care of the said property until
redeemed by the said Pledgor;
That should the said note or any part thereof, or interest to grow thereon, remain due and unpaid,
after the said note shall have been due, according to the terms thereof, the said Pledgor, irrevocably
empowers and authorizes the said Pledgee, his heirs, executors, administrators and assigns, to sell or
dispose of the above mentioned property or any part thereof at public auction as provided for in Article
2112, of the Civil Code, from the proceeds of such sale to pay the principal and interest of the said note,
and all such costs as may be incurred by virtue of such sale; and
 That in case of deterioration or fall in the price or market value of the personal property herein
pledged, the Pledgor hereby agrees to put up additional security in proportion to the deterioration or fall
in market value of the same, and in default of which, the said note shall be considered due and payable
under the above stipulation; but in the event of payment of said note and interests due therefrom, this
agreement is to be void, and the above-named securities are to be returned to the Pledgor. IN WITNESS
WHEREOF, we have set our hands this 31 day of October, 2023, at Daanglungsod, Oslob, Cebu,
Philippines.

SHIENA MAY A. ROMANO GINEVIE S. ROLLAN

Pledgor Pledgee

In the presence of:

GWYNETH REDOBLE

ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )
Cebu City S.S.
BEFORE ME a Notary Public for and in the City of Cebu this 31 day personally appeared the following with
their respective government identifications to wit:

NAME I.D. NO. DATE & PLACE ISSUED

SHIENA MAY A. ROMANO SSS ID NO. 5433275 05/13/2015; CEBU CITY
GINEVIE ROLLAN SSS ID NO. 6700468 06/17/2012;CEBU CITY

to me known and known to me to be the same person/s who signed and executed the foregoing
Agreement and each acknowledged to me that the same is executed as his/her free and voluntary act and
deed and that of the Corporation duly represented.
I further certify that said document consists of (2) pages including this one and signed by the above
named parties and the witness on each and every page thereof.
IN WITNESS WHEREOF, I have hereunto affixed my signature and notarial seal on the date and place
above written.

Doc. No. Page No. Book No. Series of 2023