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LOAN AGREEMENTSTUDENT LOAN DEBTOR OF THE SNPLPPURSUANT TO RA 8545AMENDING RA 6728 KNOW ALL MEN BY THESE PRESENTS: Date: _______________________________

Due Date: ___________________________ For value received, we __________________________________________________________ and(Debtor) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ o f l e g a l a g e , residents of (Guarantor) __________________________________________________________________________________ and ______________________________________________________________________________ r e s p e c t i v e l y , h e r e b y j o i n t l y a n d s e v e r a l l y p r o m i s e t o p a y t h e o r d e r o f t h e Comm ission on Higher Education (CHE D), Office of Student Services, 3F UPCampus, Diliman, Quezon City, Philippines and Commission on Higher EducationCARAGA Administrative Region, CSU Campus, Ampayon, Butuan City, Philippines Joint collector of the Educational Fund pro vide d by th e Com m ission on HigherEducation the sum of pesos: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ P h P (_______________ ___) Together with Interest (simple) thereon at the rate of six (6%) percent per annumuntil fully paid, which interest the CHED m ay at anytim e wit ho ut notice, raise within the limits allowed by law, and I/We also agree to pay jointly and severallyone (1%) perce nt per annum penalty charge, by way of liqui dating dam ages, should this loan or any amortization thereof be unpaid on due date.I/We hereby acknowledge that the interest shall accrue from the date of t h i s l o a n a g r e e m e n t e v e n i f t h e p r o c e e d s o f t h e l o a n w i l l b e r e l e a s e d o n a staggered basis in view of the confessional terms of the loan granted. The amount subject to this loan agreement represents Educational Loanunder the Study Now Pay Later Plan (SNPLP) pursuant to Republic Act No. 8545amending R.A. No. 6728 to defray the educational expenses of the Debtor/SNPLPGrantee, starting School Year _____________________ to be released once perS e m e s t e r a f t e r t h e c o m p l e t e r e q u i r e d d o c u m e n t s w i l l b e s u b m i t t e d t o t h e CHEDRO and the approved masterlist will be received by the CHEDCO itemized inthe schedule of Loan Releases.Payment of this loan, unless otherwise pro vid ed, shall be m ade within aperiod of not exceeding ten (10) years payable effective after two (2) years fromthe date of debtor acquired employment or earlier, in equal monthly installmentsin such amounts as may be determined by the CHED on the basis of the balanceof the loan. The first month following the two (2) years period from the Debtorsemployment or earlier until the loan plus interest is paid in full.It is hereby understood that the CHED and/or its regional offices may, attheir option increase the am ount of m onthly am ortizati on shoul d the financialcondition of the Debtor improve during the Repayment period.Effective upon employment, the Debtor and the Guarantor shall inform theC H E D R O o f t h e s a m e i n c l u d i n g t h e n a m e a n d p l a c e o f b u s i n e s s o f h i s / h e r employer.Without need of notice or demand, any default due to causes stipulated int h e i m p l e m e n t i n g r u l e s a n d r e g u l a t i o n o r f a i l u r e t o p a y t h i s l o a n o r a n y installment thereon when due, the obligation shall immediately become due andd e m a n d a b l e . I n c a s e a s u i t o f a n y k i n d i s f i l e d a g a i n s t m e / u s b y s a i d CHEDCO/CH EDRO witho ut prio r notice of dem and, the obligati on shal l likewiseimmediately become due and demandable.In the event that this loan is not paid on the date of maturity or when thesame becomes due under any of the provisions hereof, I/We hereby authorize theCHEDCO/CHEDRO at thei r optio n ad wi thout notice, to appl y to the paym ent of this loan, any a nd all m oneys, securiti es and things of value belongings to us,which maybe in appoint the CHEDCO/CHEDRO to be my/our true Attorney-In-Factw i t h f u l l p o w e r a n d a u t h o r i t y t o n e g o t i a t e , s e l l a n d t r a n s f e r a n y m o n e y s , securities and thin g of valu e belongi ng to us/me which m ay hold, b y public orprivate sale and apply the proceeds thereof to the payment of this loan.It is likewise understood that any partial payment or performance of theloan or any extension granted should not alter or vary the terms of the originalc o n d i t i o n s o f t h e o b l i g a t i o n o r d i s c h a r g e t h e s a m e a n d s u c h p a y m e n t o r performance shall be considered as a written acknowledgement of this obligationwhich shall interrupt the period of prescription.I / W e e x p r e s s l y c o n s e n t t o b e b o u n d t o a n y e x t e n s i o n o f p a y m e n t a rene wal of this loan in whole or in part, as to the term s of paym ent and/or anyparti al pa ym ent of this loan which m ay be granted to any one of us, without and/or without need of executing a renewal loan agreement. Should it become necessary to collect this loan through an attorney-at-law,I/We hereby expressly agree to pay jointly and severally, 5% percent of the totalamount due on this loan as attorneys fees which in no case shall be less than Php100.00 exclusive of all costs and fees allo wed b y law as stipulated in the LoanAgreement.Dem and and dishono r W aived. CHEDCO/ CHEDRO m ay accept partial paym ent and grant renewals or e xtensions of paym ent reservin g its righ ts of recourse against the guarantor and each and all endorsers of this loan.In case of judicial execution of the obligation or any part of it, I/We herebywai ve all m y/our rights under the provisions of Rule 39, Sec 12 of the Revise dRules of Court. This loan agreement shall be further governed by the terms and conditionsset forth in the approved ap plication sign ed/executed b y the DEBTOR and theGUARANTOR on _________________________________. ______________________________________ ________________________________ ____ (Debtor/SNPLP Grantee) (RightHand Thumbmark) ______________________________________ ____________________________________ ( G u a r a n t o r ) ( G u a r a n t o r ) TIN No. ___________________________ TIN No. ____ ___ ___ ___ ___ ___ ___ _ ____ S S S N o . / G S I S N o . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ S S S N o . / G S I S N o . __ _____________________ A s s i s t e d b y : W i t n e s s : __________________ ____________________ ____________________________________ ( P a r e n t / G u a r d i a n ) ( C H E D R O O f f i c i a l ) ACKNOWLEDGEMENT REPUBLIC OF THE PHILIPPINES A t t h e a b o v e C i t y / M u n i c i p a l i t y / P r o v i n c e t h i s d a y o f ___ ________________________ Personally appeared before me:

A M E R E S . C E R T . N O . D A T E & P L A C E ISSUED_____________________________________________________________________________ ______________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ Known to be the same person who executed and signed the foregoing instrumentconsisting of _____________ pages in the presence of two instrumental witnesses,and acknowledged the same to be their voluntary act and deed.IN WITNESS WHEREOF, I have hereto set my hand and seal on the abovedate written. NOTARY PUBLIC