SURETY AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

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This Surety Agreement is made and executed bybetween the following parties:

________________________________, of legal age, Filipino citizen, with postal address at

___________________________________________________, hereinafter referred to in this
agreement as called the SURETY, and in favor of RADIOWEALTH FINANCE COMPANY, INC.,
a corporation duly organized and existing under and by virtue of the laws of the Republic of the
Philippines, with head office at DMG Center, Libertad St. Corner Calbayog St. Mandaluyong City,
represented by its _______________________________, _________________________________,
hereinafter referred to in this agreement as called the CREDITOR, bears witness that.

The parties make the following mutual stipulations::

WHEREAS, _______________________________, a corporation duly organized and

existing under and by virtue of the laws of the Republic of the Philippines, with postal address at
____________________________________________, hereinafter called referred to in the
Agreement as the PRINCIPAL has obtained a loan/lease accommodation/s (hereinafter called
Oobligations) from the CREDITOR. As evidenced by Promissory Notes with corresponding
Disclosure Statements, (hereinafter collectively called Iinstruments).

WHEREAS, Tthe SURETY, on account of valuable consideration received from the

PRINCIPAL and in order to induce the CREDITOR to grant loan/lease and/or credit
accommodation/s to the PRINCIPAL, has agreed and undertaken to assist the PRINCIPAL by
becoming a SURETY.

NOW THEREFORE, FOR AND IN CONSIDERATION OF THE FOREGOING, Tthe

SURETY, solidarilty with the PRINCIPAL, personally bind himself to the CREDITOR, its
successors or assigns, to pay the loan/s and/or credit accommodation/s of which the
PRINCIPAL, as a maker, endorser, acceptor or otherwise may now be indebted or may
hereafter consequently become indebted to the CREDITOR, upon all or any instrument under
said obligation/s, and to make or cause any and all such payments to be made strictly in
accordance with the terms and provisions of the agreement which have been made and executed
by the PRINCIPAL. Provided however, that the liability of the SURETY shall not exceed the
principal sum of PESOS: _________________________________________ (P_________________),
plus interest thereon at the rate stated in the obligation secured thereby, any or all penalties,
costs and expenses which may be incurred by the CREDITOR in granting and/or collecting the
aforesaid indebtedness, including those for the custody, maintenance and preservation of the
securities given thereof, as may be incurred by the CREDITOR before or after the date of this
Surety Agreement.

Both the PRINCIPAL and the SURETY shall be considered in default when either or
both fail to pay upon maturity ofr any amortization, with or without demand, if default be made
of any of the instruments, indebtedness or obligations, or if the PRINCIPAL should dissolve, fail
in business or become insolvent, or if a petition in bankruptcy should be filed by or against the
PRINCIPAL or the SURETY.

The SURETY hereby consent/s and agree/s that the CREDITOR may at any time, or
from time to time , in its discretion (i) extend or change the time of payment and/or the manner,
place or terms of payment of all or any of such loan/s and/or credit accommodation/s; (ii)
exchange, release and/or surrender all or any of the collaterals security or part thereof; (iii) sell
and/or purchase all or any such collaterals at public or private sale after deducting all costs and
expenses of whatever kind for collection, sale or delivery, apply the net proceeds upon all or
any of the obligation/s hereby secured; and (iv) settle or compromise with the PRINCIPAL,
and/or any other person/s with an obligation to the PRINCIPALliable thereon , any or all loans
and/or credit accommodation/s and/or subordinate the payment of the same or part thereof , to
the payment or any other debts which may be due to the CREDITOR, without notice to or
further assent from the SURETY, who hereby agrees to be and remain bound upon to this Commented [MA1]: Check if no consent is needed for
surety, irrespective of the existence, value or condition of the collateral, and notwithstanding any subrogation of rights
such change, settlement, compromise, surrender, release, sale application, renewal or extension,
and likewise notwithstanding the obligation/s of the PRINCIPAL to the CREDITOR outstanding
and unpaid at any time may exceed the aggregate principal sum herein above-mentioned.
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SURETY :_________________________
Surety Agreement
2016
 The SURETY signifies his/her/its conformity to and acceptance of this hereby waive/s
notice of acceptance of this SURETY AGREEMENT as well as acceptance of and the future
presentment, demand, protest, and notice of dishonor/non-payment of the instrument/s or
obligation/s, effectively waiving the same including any issues on the and promptness in
commencing suit against any party thereto or against those liable thereon, and/or in giving any
notice to, or of making any claim or demand upon, the SURETY.

The liability of the SURETY shall be solidarity, direct and immediate upon the pursuit
by the CREDITOR of whatever remedies it may have against the PRINCIPAL, or securities or
liens it may possess and the SURETY will at any time, whether due or not due, pay to the
CREDITOR with or without demand upon the PRINCIPAL, the loan and/or indebtedness
hereby secured. Any notice the CREDITOR gives to any of the SURETY, if more than one, shall
be sufficient notice to all the SURETY.sureties.

In the event it becomes necessary to enforce this SURETY AGREEMENT by or through an

attorney-at-law, or judicial proceedings are instituted against the SURETY for the purpose, the
SURETY shall pay the CREDITOR for and as attorneys fee the sum equivalent to 10% of the
total amount due but in no case be less than P 50,000.00.

The rights and remedies of the CREDITOR under this Agreement shall be in addition to
such rights and remedies as are available to the CREDITOR under present and futurethe laws of
the Republic of the Philippines.

The SURETY hereby covenant/s and agree/s that should any of the terms and
conditions or any part or clause of this instrument be declared void by a competent authority, the
same shall not invalidate the other terms and conditions, or part or clause of this instrument.

IN WITNESS WHEREOF, the SURETY have hereunto set their hands at the place first
above written, on this _____ day of _________, 20 ___.

RADIOWEALTH FINANCE COMPANY, INC.

SURETY CREDITOR
BY: BY:

_________________________________ ________________________________
(SIGNATURE OVER PRINTED NAME) (SIGNATURE OVER PRINTED NAME)

Witnesses:

______________________________ ______________________________
(SIGNATURE OVER PRINTED NAME) (SIGNATURE OVER PRINTED NAME)

Republic of the Philippines )

City of ______________ ) S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the City of Mandaluyong, this ____ day of ___________,
20__, personally came and appeared.

Com. Tax
Name D.L. No. / TIN No. Date Expiration

RADIOWEALTH FINANCE CO. INC. T.I.N.: 004-625-806-000

All known to me and to me known to be the same persons who executed the foregoing Surety
Agreement, consisting and they acknowledged to me that the same is their free and voluntary act and
deed.

WITNESS MY HAND AND SEAL on the date and at the place first above-written.
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