LOAN OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This LOAN AGREEMENT, made and executed by and among:

LAURA CODNITA, of legal age, married, Filipino, and a resident of 26 Maria

Pucay, Guisad, Baguio City Philippines hereinafter referred to as the FIRST PARTY;

-AND-

CHONA QUINTO SIAPNO, likewise of legal age, married, Filipino citizen, and a
resident of 5 Upper Kitma, Bakakeng Central, Baguio City, Philippines, hereinafter
referred to as the SECOND PARTY;

WITNESSSETH

That the SECOND PARTY is indebted unto the FIRST PARTY in the sum of
TWO HUNDRED FIFTY PESOS (P250,000.00), Philippine Currency, receipt of which is
acknowledged by the SECOND PARTY upon the signing of this instrument, payable
within a period of ONE MONTH (1 ) month, with interest thereon at the rate of five (5 )
per cent, per month, renewable for one month only.

That for and in consideration of this indebtedness and to assure the performance
of said obligation to pay, the SECOND PARTY hereby conveys as collateral
CHINABANK check numbers:

1. BCA A 0096040 in the amount of Php. 250,000.00

2. BCA A 0096041 in the amount of Php 12,500.00

3. BCA A 0096042 in the amount of Php 12, 500.00

That the condition of this obligation is that should the SECOND PARTY perform
the obligation to pay the herein-above indebtedness of TWO HUNDRED FIFTY PESOS
(P250,000.00) , together with accrued interest thereon, this loan agreement shall at
once become null and void and of no effect whatsoever, otherwise, it shall remain in full
force and effect and the First Party shall have the right to enforce the obligation
immediately without prejudice to the filing of a criminal, civil or administrative case
against the Second Party.

IN WITNESS WHEREOF, the parties have hereunto set their hands on the 12 th
day of August, 2013 at Baguio City, Philippines.

LAURA CODNITA CHONA Q. SIAPNO

First Party Second Party
TIN No. 436-300-995-000 Postal I.D No. 5980867

SIGN IN THE PRESENCE OF: __________________ ____________________

 AFFIDAVIT OF GOOD FAITH

We severally swear that the foregoing LOAN AGREEMENT is made for the
purpose of securing the obligation specified in the conditions thereof, and for no other
purpose, and that the same is a just and valid obligation, and one not entered in for the
purpose of fraud.

LAURA CODNITA CHONA Q. SIAPNO

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

DONE IN THE CITY OF BAGUIO) S.S.

BEFORE ME, a Notary Public, for and in the City of Baguio, this 12 th day of
August 2013, personally appeared the above-named parties with their valid
identification as indicated below their names and signatures above. Known and
identified by me through competent evidence. They presented this integrally complete
instrument and represented to me that the signatures on the instrument were voluntarily
affixed by them for the purpose stated, declaring that they executed this instrument as
their free and voluntary act and deed.

The foregoing instrument refers to a Loan of Agreement consisting of two (2)

pages including the page on which this acknowledgement is written, signed by the
parties and their instrumental witnesses on each page hereof, and they acknowledged
to me that the same is their free act and voluntary deed.

WITNESS MY HAND AND SEAL.

Doc No.100
Page No 22
Book No. III
Series of 2013