Annex A

CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This Deed is made and executed by and between:

Merrick Santos, Filipino, of legal age, and a resident of

VS Homes Subdivision, Purok Malakas, General Santos City,
hereinafter referred to as CREDITOR, and;

Guia Clemente, Filipino, of legal age and a resident of

General Santos City hereinafter referred to as DEBTOR;

WITNESSETH

That the DEBTOR is desirous of borrowing the amount

of TWO MILLION (P2,000,000.00) PESOS, Philippine
Currency while the CREDITOR is willing and able to lend the
said amount, subject to the following terms and conditions:

1. That the CREDITOR shall convey the amount of TWO

MILLION (P2,000,000.00) PESOS to the DEBTOR
upon execution of this Contract;

2. That the DEBTOR shall pay the CREDITOR the

aforementioned amount loaned on or before January
10, 2018;

3. That in case of failure on the part of the DEBTOR to

pay the amount loaned in full at its aforementioned
maturity date, then the CREDITOR shall charge a
penalty amounting to a compounded Ten percent
(10%) interest per month of the total amount due until
full payment thereof;

4. That in case the court intervention should become

necessary and inevitable, the DEBTOR shall be liable
for the court and litigation expenses and attorney's fee
amounting to twenty five (25) percent of the total
amount due and demandable;

5. That the parties herein hereby commit to fully observe

the terms and conditions as embodied in this contract
and are fully aware that any violation of the same shall
expose such erring party to the corresponding,
criminal, civil and/or administrative liabilities.
 IN WITNESS WHEREOF, the parties have
hereunto set their hands this 15 th day of October ,
2012 in General Santos City, Philippines.

MERRICK SANTOS GUIA CLEMENTE

Creditor Debtor

SIGNED IN THE PRESENCE OF:

1 . ______________________ 2. _____________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

GENERAL SANTOS CITY)S. S.
X---------------------------------------------X
BEFORE ME, this 10th day of January , 2016 in General
Santos City, personally appeared:
___________–Professional Driver's License No. M07-02-
027566/expires on 11-28-2013
___________– Passport No. EB3873607/issued on 10-14-
11/Valid until 10-13-2016
known to me to be the same person who executed the
foregoing instrument and they acknowledged to me that the
same is their own free, voluntary act and deed.

WITNESS MY HAND AND SEAL.