Loan Agreement Pat

LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Loan Agreement, du! e"e#uted in the $it! o% &ue'on this ( nd da! o% Ma!, ()*+, ! and et-een: Mark James Bond , .ii/ino, o% ega age, -ith address at No0 (1 $hie Street  A2eo Sudi2isio Sudi2ision, n, Bagong Bagong Pag3asa, Pag3asa, &ue'on &ue'on $it! 4hereina%ter 4hereina%ter re%erred re%erred to as as the 5Lender67

3and3 Joms Tom Cruz , .ii/ino, o% ega age -ith address at No0 8 San#he' Street Mahari9a Sudi2ision, Manresa, &ue'on $it! 4hereina%ter re%erred to as the 5Borro-er670

WTNESSETH, That 3

WHEREAS, at the re;uest o% the Borro-er, the Lender has agreed to e"tend to the Borro-er a oan under the terms and #onditions set %orth eo-<

NOW THERE.ORE, su=e#t to su#h /remise and the mutua #o2enants #ontained herein, the /arties hereto agree as %oo-s:

*0 The Lender sha e"tend to the Borro-er, ! -a! o% a oan, the Principal. aggregate /rin#i/a amount o% TWO MLLON PE!O! "P#P$%&&&%&&&.&&'  4the 5Loan670 (0 (se o) Proceeds. >ness other-ise /ermitted ! the Lender, the Borro-er sha use the /ro#eeds o% the Loan soe! %or the %oo-ing /ur/ose: )or *#e con*inua*ion o) *#e cons*ruc*ion o) *#e Borro+er,s #ouse si*ua*ed in -uezon Ci* co/ered 0 and more par*icularl descri0ed under Trans)er Cer*i)ica*e o) Ti*le "1TCT2' No. 333$ issued 0 *#e Re4is*er o) 5eeds )or -uezon Ci* "*#e 1Proper*2'. ?0  The term o% the oan sha e one !ear, and sha e /a!ae in Period. e;ua month! instaments0 +0 The Loan sha e#ome due and demandae u/on the a/se o% the Ma*uri*. one3!ear term, -ithout need o% an! demand %rom Mar9 @ames Bond0

t is here! agreed that an! amount due under the Loan is ased on the 2aue o% the /eso at the time o% the e"e#ution o% the Note #orres/onding thereto , and shoud there e an! sudden de#rease in the 2aue thereo% due to e"traordinar! in%ation or de%ation or an! other #ause, the 2aue o% the /eso at the time o% the e"e#ution o% the Note sha e the asis o% /a!ment0 .or this /ur/ose, 5e"traordinar! in%ation or de%ation6 ta9es /a#e -hen so de#ared ! the Bang9o Sentra ng Pii/inas 45BSP67 or in the e2ent o% an in#rease or de#rease in an! gi2en !ear o% 8) in the /ri#es o% /rime #ommodities ased on the #onsumer /ri#e mar9et inde" %or Metro Mania as announ#ed ! the BSP0 80

n*eres*.

The Loan sha ear interest at the rate o% ? /er month0

The Lender reser2es the right to ad=ust the interest rate shoud the #ost o% mone! to %und or maintain the Loan in#rease or de#rease, /ro2ided that su#h ad=ustment sha e e%%e#ti2e on! u/on gi2ing o% noti#e to the Borro-er0 0 The Borro-er agrees to /ro2ide the %oo-ing se#urit! %or the !ecuri*. /a!ment o% its oigations under this Agreement and other instruments or agreements re;uired hereunder, as -e as %or the /rom/t oser2an#e and /er%orman#e o% the terms and #onditions #ontained herein and in su#h other instruments or agreements re;uired hereunder: real es*a*e mor*4a4e o/er *#e Proper*. The %oregoing se#urit! sha e e2iden#ed ! agreements and do#uments to e e"e#uted and dei2ered ! the ree2ant /arties 4the 5Se#urit! Co#uments670 D0 5e)aul*. .aiure on the /art o% the Borro-er to /a! the Loan, or an! /ortion thereo% 4in#uding interest7, -hen su#h /a!ment e#omes due in a##ordan#e -ith this  Agreement, or an! other materia rea#h or de%aut ! the Borro-er o% the terms, #onditions, re/resentations, and -arranties set %orth in the %oregoing agreement, sha #ause the Borro-er to e in de%aut o% its oigations to the Lender, in -hi#h #ase the Lender sha e automati#a! entited to e"e#ute andor %ore#ose on an! #oatera /ut u/ as and ! -a! o% se#urit! %or the /a!ment o% the Loan and to i;uidate damages in the amount o% PhP*,))),)))0))0 Nothing herein sha e #onstrued as a -ai2er on the /art o% the Lender to a2ai o% an! and a other a#tions andor remedies a##ruing to him, ! a- or other-ise, as a resut o%  the de%aut ! the Borro-er0 10 No %aiure or dea! on the /art o% the Lender in Wai/er% Cumula*i/e Ri4#*s. e"er#ising his right, /o-er, or remed! under this Agreement sha im/air an! su#h right, /o-er, or remed!, nor sha a -ai2er o% an! singe rea#h or de%aut e deemed a -ai2er  o% an! other rea#h or de%aut therea%ter o##urring, nor sha an! singe or /artia e"er#ise o% an! su#h right or /o-er /re#ude an! other or %urther e"er#ise thereo% or the e"er#ise o% an! other right or /o-er hereunder0 A remedies, either under this  Agreement, or ! a-, or other-ise a%%orded the Lender sha e #umuati2e and not aternati2e0 No noti#e to or demand on the Borro-er in an! #ase sha entite it to an! other or %urther noti#e or demand in simiar or other #ir#umstan#es0

F0  A /a!ments due to the Lender Ta6es% 5u*ies% 7ees and C#ar4es. hereunder or under an! instrument or agreement re;uired hereunder sha e made -ithout set3o%% or #ounter#aim, and %ree and #ear and -ithout an! dedu#tion or -ithhoding on a##ount o% an! ta"es, e2ies, im/osts, duties or other %ees or #harges, a o% -hi#h sha e %or the a##ount o% the Borro-er0 *)0 % the Lender sha re;uire the ser2i#es o% #ounse to Cos*s o) Collec*ion. en%or#e an! o% its rights and remedies under this Agreement and reated do#uments, the Lender sha e entited to re#o2er %rom the Borro-er as and %or attorne!Gs %ees, a sum e;ua to %i%teen /er#ent 4*87 o% the sum sought to e re#o2ered, -hi#h in no #ase sha e ess than One Hundred Thousand Pesos 4P*)),)))0))7, in addition to #osts o% suit and a other %ees and e"/enses in#urred ! and reimursae to the Lender ! the Borro-er0 **0 Wai/er in Case o) Judicial E6ecu*ion. n #ase o% =udi#ia e"e#ution o% this oigation or an! /art thereo%, the Borro-er here! -ai2es a its rights under the /ro2isions o% Rue ?F, Se#tion *? o% the Rues o% $ourt0 *(0 % an! /ro2ision o% this Agreement is in #on%i#t or in#onsistent -ith Con)lic*. an! /ro2ision in an! Note, this Agreement sha /re2ai not-ithstanding that the Note is e"e#uted on a ater date0 *?0 The Borro-er ma! not trans%er its rights or oigations Assi4nmen*. hereunder -ithout the /rior -ritten #onsent o% the Lender0 *+0 The Borro-er irre2o#a! agrees that an! ega a#tion, suit, 8enue )or !ui*. or /ro#eeding arising out o% or reating to this Agreement ma! e instituted, at the o/tion o% the Lender, in an! #om/etent #ourt in the $it! o% &ue'on, Phii//ines, and ! e"e#ution and dei2er! o% this Agreement, the Borro-er sumits to and a##e/ts -ith regard to an! su#h a#tion or /ro#eeding %or themse2es and in res/e#t o% their /ro/erties or assets, genera! and un#onditiona!, the =urisdi#tion o% an! su#h #ourt, to the e"#usion o% others0 The %oregoing, ho-e2er, sha not imit or e #onstrued to imit the rights o% the Lender to #ommen#e /ro#eedings or to otain e"e#ution o% =udgment against the Borro-er in an! 2enue or =urisdi#tion -here assets o% the Borro-er ma! e %ound0

N WTNESS WHEREO., the /arties hereto ha2e signed this Agreement as o% the da! and !ear %irst -ritten ao2e0

MAR9 JAME! BON5

JOM! TOM CR(:

Lender

Borro-er 

SNEC N THE PRESEN$E O.

SHEENA SBAL

ALIN @OSEPH TAN

AC9NOWLE5GEMENT

REP>BL$ O. THE PHLPPNES 7 $TY O. &>EJON

7 S0S0

BE.ORE ME, a Notar! Pui# %or and in the $it! o% &ue'on, /ersona! a//eared Mr0 Mar9 @ames Bond -ith $ommunit! Ta" $erti%i#ate No0 KC*))D issued at &ue'on $it! on Ce#emer *, ()*?, 9no-n to me and ! me 9no-n to e the same /ersons -ho e"e#uted the %oregoing Loan Agreement and -ho %urther a#9no-edged to me that the same is his %ree and 2ountar! a#t and deed and that o% the #or/orations the! re/resent, and that the! are du! authori'ed to sign the same0

N WTNESS WHEREO.,  ha2e hereunto set m! hand and a%%i"ed m! notaria sea in the $it! o% Mari9ina this *) th da! o% Ma!, ()*+0

Co#0 No0 ?**< Page No0 81< Boo9 No0 E?1*< Series o% ()*+0