PLEDGE

This AGREEMENT, made and entered into this 15th day of June, 2018 by and between
Ronelle Sangoyo Sison of legal age, single, and residing at Barangay Daan Sarile,
Cabanatuan City, Nueva Ecija, Philippines, now and hereinafter called the Pledgor, and
Randel Jay Sarte likewise of age, single, and residing at Cabanatuan City, Nueva Ecija,
Philippines, now and hereinafter called the Pledgee.

Witnesseth:

That WHEREAS, the Pledgor has executed a promissory note dated 15th day of June,
2018, in favor of the Pledgee and made payable within 2 years after date at Cabanatuan
City, Nueva Ecija, Philippines, for amount of one million five hundred thousand
(P1,500,000) Pesos, Philippine Currency;

WHEREAS, the Pledgor has agreed with the Pledgee to secure the payment of the said
note;

NOW THEREFORE, in consideration of the premises and mutual covenants herein

contained, the Pledgor has, as a collateral security for the payment of the
aforementioned note and by way of pledge, deposited with the said Pledgee the
following personal property of his own exclusive ownership, and of which he has the
free disposal, to wit:

Black Lexus IS 350 with a plate number of RSS 615

And the said parties to this instrument agree that the Pledgee who acknowledges
receipt of the aforementioned personal property of the Pledgor shall take good care of
the said property until redeemed by the said Pledgor;

That should the said note or any part thereof, or interest to grow thereon, remain due
and unpaid, after the said note shall have been due, according to the terms thereof, the
said Pledgor, irrevocably empowers and authorizes the said Pledgee, his heirs,
executors, administrators and assigns, to sell or dispose of the abovementioned
property or any part thereof at public auction as provided for in Article 2112, of the Civil
Code, from the proceeds of such sale to pay the principal and interest of the said note,
and all such costs as may be incurred by virtue of such sale; and

That in case of deterioration or fall in the price or market value of the personal property
herein pledged, the Pledgor hereby agrees to put up additional security in proportion to
the deterioration or fall in market value of the same, and in default of which, the said
note shall be considered due and payable under the above stipulation; but in the event
of payment of said note and interests due therefrom, this agreement is to be void, and
the above-named securities are to be returned to the Pledgor.

IN WITNESS WHEREOF, we have set our hands this 15th day of June, 2018 at
Cabanatuan City, Nueva Ecija, Philippines.

RONELLE SANGOYO SISON

Pledgor

RANDEL JAY SARTE

Pledgee

In the presence of:

RHYCIE MERCADO

JANELLA DE LEON