Employee Loan Agreement

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EMPLOYEE LOAN AGREEMENT

This Loan Agreement is made and will effective on _________ day of _________________

-BETWEEN-

RYAN CHRIS DAGOMBOY


President
R.M.L BUILDERS INC.
11B ACG RESIDENCE #818 SEVERINO REYES ST.
STA CRUZ MANILA

-AND-

JAYSON BULA TOLEDO


36 BUKLOD NG NAYON ST. SANGANDAAN BRGY. 8
KALOOKAN CITY

The Employee hereby acknowledges a debt to the Employer in the amount of Eighty Seven
Thousand Pesos (87, 000.00) for the following reason(s):
1. For emergency purposes.

The Employee hereby authorizes the Employer to deduct the amount of Two Thousand Five
Hundred Pesos (2,500.00) per cut-off of the month from the Employee’s salary starting from
January 30, 2021 until the amount is paid in full.

The Employee acknowledge and agrees that the entire outstanding balance will be deducted from the
Employee’s final salary upon resignation or termination of employment with the Employer/Company

Security: To protect Employer, Employee gives what is known as a security collateral in:

MOTORCYCLE with the following details:

CR NO.: 3540941V-1 O.R NO.: 1674732953


MV FILE NO.: 0301-00001038311
CHASSIS NO.: DL11A-802176

Signed at _________________ on this ___________________ of 2021.

Employee’s Signature ________________ Employer Signature __________________


Driver’s License No.: N25-18-008934 CRN-0111-1544598-6

Witness 1 Signature ________________ Witness 2 Signature __________________

Doc No._____ NOTARY PUBLIC


Page No. _____
Book No. _____
Series of 2021

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