7/21/2019 Draft Loan Agreement

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LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This LOAN AGREEMENT made and entered into this ______ day of

_________ !"# in ______________________ $y and $et%een:

_______________________________& of 'e(a'

a(e, )i'i*ino& and %ith *osta' address at

____________________________& hereinafter

referred to as the BORROWER+

, and-

_______________________________& of 'e(a'

a(e, )i'i*ino& and %ith *osta' address at

____________________________& hereinafter

referred to as the LENDER.

W I T N E S S E T H:

WHEREAS& BORROWER %ishes to $orro% /ertain monies fromLENDER& and LENDER%ishes to 'end /ertain monies to BORROWER& inorder for BORROWER to meet /ertain finan/ia' o$'i(ations %ith res*e/t to________________________.

NOW THEREFORE& for and in /onsideration of the m0t0a' /o1enantsand *romises herein& a'' of %hi/h are deemed s0ffi/ient& it is here$y a(reed to asfo''o%s:

". 2mmediate'y 0*on the f0'' e3e/0tion hereof& LENDER sha'' 'end to

BORROWERthe amo0nt of __________________________________

Pesos 4Ph*______________5 hereinafter referred to as the LOAN. The

LOANsha'' $e f0nded immediate'y 0*on the f0'' e3e/0tion hereof& $y 4/ertified

/he/6 or /ash5.

. The interest rate on the o0tstandin( and 0n*aid *rin/i*a' amo0nt of the LOAN

sha'' $e __________ 4_____75 sim*'e interest& as /a'/0'ated on an ann0a'

$asis ass0min( a 89 day year.

8. The term of the LOAN sha'' $e _________& $e(innin( on

________________ and /on/'0din( on ________________ hereinafter

referred to as the TERM.

#. The BORROWERsha'' ma6e *ayments of *rin/i*a' and interest to the address

of the LENDER set forth hereina$o1e. The entire o0tstandin( and 0n*aid

*rin/i*a' amo0nt of the LOAN& to(ether %ith any interest and *ena'ties thereon&

sha'' $e d0e and *aya$'e at the end of the TERM.

. BORROWERmay *re*ay the LOAN%itho0t *remi0m or *ena'ty at any time

d0rin( the TERM0*on no 'ess than ________ 4______5 days *rior noti/e $y

BORROWERto LENDER.

9. A'' other *oint not s*e/ifi/a''y a(reed herein sha''& 0n'ess in /onf'i/t there%ith& $e(o1erned $y the *ro1isions of the Ne% ;i1i' ;ode.

7/21/2019 Draft Loan Agreement

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IN WITNESS WHEREOF& the *arties ha1e here0nto affi3ed their si(nat0res

on this ___ day of ______________ !"# at _________________________.

______________________ ______________________ BORROWER LENDER

Signed in the presence of:

___________________________

Witness

___________________________

Witness

ACKNOWLEDGMENT

Re*0$'i/ of the Phi'i**ines