LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Loan Agreement is entered into by and between the following

parties on this _______________ at _______________, Philippines.

________________________________, a company duly organized and

existing under and by virtue of the laws of the Philippines, with
principal office and place of business at
_________________________________________________________________,
represented herein by its (indicate position),
_______________________________, hereinafter referred to as the
“LENDER”.

-and-

_________________________________, of legal age, Filipino,

single/married, residing at ____________________________________
____________________________, hereinafter referred to as the
“BORROWER”.

WITNESSETH

WHEREAS, the BORROWER desire to obtain a loan for the purpose of

________________________ from the LENDER;

WHEREAS, the LENDER, upon careful consideration of the qualification

and financial capacity of the BORROWER, agreed to extend a loan;

NOW, THEREFORE, in consideration of the foregoing premises, the

parties hereunto agreed to enter into a loan agreement subject to the
following terms and conditions hereunder prescribed, to wit:

1. PRINCIPAL LOAN AMOUNT - The LENDER shall extend a loan to

the BORROWER in the principal sum of
___________________________________ (Php_______________),
Philippine Currency, the full amount of which is acknowledged to
have been received by the BORROWER upon the signing of this
agreement;

2. MONTHLY LOAN REPAYMENT - The loan is payable on monthly

installment basis in the amount of
__________________________________________________________________
(Php_________________), Philippine currency and shall be paid every
______ of the month until entire amount of loan is fully paid with
maximum term of ________ (__) year/s. The loan is payable on or
before the ______________ of the month starting this
_________________;

3. MONTHLY INTEREST - The loan shall bear interest at the rate of

________ percent (__%) per ________ month based on the total
amount of the loan from date hereof until full payment thereof. The
interest is payable every ______ of the ____________ of the month;

4. METHOD OF LOAN PAYMENT - The BORROWER shall pay the

monthly amortization of the loan and the accompanying interest by
sending check or cash made payable to the following individual or
entity at the bank account indicated:
 Principal Payment
Name:
Bank Account:

Interest Payment
Name:
Bank Account:

In case the LENDER gives written notice to the BORROWER that a

different method shall be used for making payments under this
loan agreement, BORROWER shall adapt the new method so given
by LENDER.

5. DEFAULT - In the event the BORROWER shall fail to pay the loan
and interest as it falls due, the unpaid principal shall, in addition
to the stipulated interest, be subject to penalty interest at the rate
of ______________ percent (___%) per month commencing on the day
immediately following the stated due date of the loan until the
BORROWER is up-to-date with the monthly amortization of the
said loan. The penalty interest is computed considering the
number of days of delayed payment;

6. EFFECT OF BREACH - If the BORROWER shall fail to comply

with any of the terms and conditions of this Agreement, the entire
loan, including accrued interest, shall be due and demandable
without need of a demand;

7. GENERAL PROVISION - This Agreement, including any

attachment mentioned in the body as incorporated by reference,
contains the entire agreement and understanding of the parties
with respect to the subject matter hereof and replaces all prior
discussions, agreements, proposals, understandings, whether
orally or in writing, between the parties related to the subject
matter of this Agreement. This Agreement may be changed,
modified or amended only in a written agreement that is duly
executed by the parties or their respective authorized
representatives.

8. EXCLUSIVE VENUE - The parties agree that all actions under this
Agreement shall be brought before the proper courts of Quezon
City, each party hereby waiving any other venue.

9. SEVERABILITY - In the event one or more of the provisions of this

Agreement is declared invalid or unenforceable, in any respect
under any applicable law, the validity, legality or enforceability of
the remaining provisions contained herein shall not in any way be
affected or impaired.

IN WITNESS WHEREOF, the parties and their witnesses hereby

affix their signatures on this this _______________ at _______________,
Philippines.

___________________ _____________________
BORROWER LENDER
 Signed in the presence of:

______________________ ______________________
(Signature over printed name) (Signature over printed name)

REPUBLIC OF THE PHILIPPINES }

} S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public, on this ____________________ at

____________________, Philippines, the following persons personally
appeared:

NAME COMPETENT DATE AND PLACE

EVIDENCE OF OF ISSUANCE
IDENTITY

All known to me to be the same persons who executed the

foregoing instrument which they acknowledged as their free and
voluntary act, and deed.

This instrument relates to a Loan Agreement which consists of

three (3) pages including the page on which this acknowledgment is
written, each and every page of which have been signed in the left margin
by the parties and their witnesses.

WITNESS MY HAND AND SEAL, on the date and place mentioned

above.

Doc. No.:_____
Page No.:_____
Book No.:_____
Series of 2022.