PLEDGE OF SHARES OF STOCK

KNOW ALL MEN BY THESE PRESENTS:

This Pledge of Shares of Stock is executed this (insert date) by and between:

(insert name), of legal age, Filipino and a resident of (state address), hereinafter
referred to as the PLEDGOR;

- and

(insert name), a corporation duly organized and existing in accordance with laws of
the Republic of the Philippines, with principal offices at (state address), represented
in this act by its President, (state name of representative), hereinafter referred to as
the PLEDGEE.

-WITNESSETH-

WHEREAS, the Pledgor has secured a loan (hereinafter referred to as the Debt)
from Pledgee in the amount of (state amount of loan), receipt of which is
acknowledged and confirmed herein by the parties.

WHEREAS, Pledgor, as security for said loan (hereinafter referred to as Collateral),

hereby deposits, delivers to and pledges to Pledgee shares of stock in (state name
of corporation), represented by the following stock certificates:

Certificate Number No. of Shares

Total Par Value

NOW THEREFORE, the parties agree as follows:

1.
Pledgee may assign or transfer said Debt and the Collateral pledged
hereunder to any third party provided fifteen (15) days prior written notice is given
to Pledgor and Pledgor is given an opportunity to redeem and pay the Debt within
fifteen (15) days from notice.

2.
In the event a stock dividend or further issue of stock in the Corporation is
issued, Pledgor shall pledge said shares as additional collateral for the debt.