CONTRACT OF LOAN

KNOW ALL MEN BY THESE PRESENTS:

This Deed is made and executed by and between:

____________, Filipino, of legal age, and a resident of __________________,

hereinafter referred to as CREDITOR, and;

______________, Filipino, of legal age and a resident of

____________________ hereinafter referred to as DEBTOR;

WITNESSETH

That the DEBTOR is desirous of borrowing the amount of SIXTY THOUSAND

(P60,000.00) 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 SIXTY THOUSAND

(P60,000.00) PESOS to the DEBTOR upon execution of this Contract;

2. That the DEBTOR shall pay the CREDITOR the aforementioned amount loaned
on or before December 25, 2012;

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 day of October , 2012 in General Santos City, Philippines.
th

___________________ ____________________
Creditor Debtor
SIGNED IN THE PRESENCE OF:
1 . ______________________ 2. _____________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
GENERAL SANTOS CITY)S. S.
X---------------------------------------------X
BEFORE ME, this 15th day of October , 2012 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.