INDEMNITY AGREEMENT

We, the undersigned, under and by virtue of these presents and in

our personal capacity, do hereby guarantee and undertake to reimburse
any third person/s who may be prejudiced and damaged by virtue of our
withdrawal on the deposit account of the late BURT B. FAVORITO under
the following banks:

1. BPI Family Savings Bank – Diliman-Isidora Branch, with address at Holy

Spirit Drive corner De Leon St., Isidora Hills, Brgy. Holy Spirit,
Diliman, Quezon City, under deposit account number 6-716-1688-06;

2. Chinabank – Holy Spirit Drive Branch, with address at 8 Holy Spirit

Drive, Brgy. Holy Spirit, Diliman, Quezon City, under deposit
account number PHP 132600010186;

3. EastWest Bank – South Triangle Branch, with address at 2109 Quezon

Avenue, near corner Scout Albano, Brgy. South Triangle, Quezon
City, under deposit account number 200009232008;

4. Metrobank – Don Antonio Heights Branch, with address at Lot 20 Blk 6,

Holy Spirit Drive, Don Antonio Heights, Diliman, Quezon City,
under deposit account number 323-7-32350614-7; and

5. BDO – Commonwealth Branch, with address at Holy Spirit Drive, Don

Antonio Heights, Quezon City, under deposit account number
006540149319.

We further agree to indemnify any of the above-enumerated banks

for whatever damage or prejudice they may suffer arising from any and all
claims to be made by any third person in connection with the above-stated
deposit accounts and in our withdrawal therefrom in twice the amount of
the decedent’s deposit. This Deed and our joint undertaking contained
herein shall be entirely enforceable against any one of us or our successors-
in-interest within a period of four years from the date of withdrawal.

We also guarantee that we, the undersigned, are the only and
exclusive legal heirs of the late Burt B. Favorito.

IN WITNESS WHEREOF, we hereunto affix our signatures this 15th of

July 2021 at Quezon City.
 The Heirs of Burt B. Favorito:

CHERYL T. FAVORITO

BURT GERGORY T. FAVORITO, JR. BENMARK T. FAVORITO.

CHERLAINE F. VENTENILLA BRYAN CHRISTOPHER T.

FAVORITO

BJONE CARLO T. FAVORITO CHARIS MARIA T. FAVORITO

Signed in the presence of:

__________________________ __________________________

Republic of the Philippines )

 _________________________) S.S
 

BEFORE ME, personally appeared:

            
Name ID/No. Date of Issuance
Cheryl T. Favorito
Burt Gregory T. Favorito, Jr. LTO; N25-08-022218 2019/07/19
Benmark T. Favorito
Cherlaine F. Ventenilla LTO; A04-10-005910 2021/06/01
Bryan Christopher T. Favorito DFA; P4309047A 2017/09/09
Bjone Carlo T. Favorito LTO; A04-10-005911 2018/12/05
Charis Maria T. Favorito LTO; A04-10-005909 2019/07/19

 
Known to me and to me known to be the same persons who executed the
foregoing instrument and acknowledged to me that the same is their free and voluntary
act and deed.

WITNESS MY HAND AND SEAL, on the date and place first above written.

                                                                                                              
Notary Public                      
 
Doc. No.______;
Page No. ______;
Book No.______;
Series of 2021.