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REPUBLIC OF THE PHILIPPINES )) §. §.

LOAN AGREEMENT WITH PLEDGE

KNOW ALL MEN BY THESE PRESENTS:

This Agreeme! m"#e "# e$e%&!e# ' !his ((((( #" '*  A+ri,- /01 i (((((((((((((((((((((((- 2 "# 2e!3ee:

_______________________- Fi,i+i'- '* ,eg", "ge-m"rrie#- 3i!h "##ress "!((((((((((((((((((((((((((((((((((((((((((((((-4herei"*!er re*erre# !' "s !he “PLE56EE”)7

8 "# 8

_________________________,  Fi,i+i'- '* ,eg","ge- m"rrie#- 3i!h '9i%e "##ress "!((((((((((((((((((((((((((((((((((((((((-

4herei"*!er re*erre# !' "s !he PLE56OR;).

WITNESSETH7 Th"!:

THE LOAN

0. A! !he re

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!he LOAN "s i! *",,s #&e- !he &+"i# +ri%i+", "# "%%r&e#i!eres! !here' sh",,- i "##i!i' !' !he "*'reme!i'e#s!i+&,"!e# i!eres!- 2e s&2e%! !' +e",! i!eres! "! !hes"me r"!e "s !he s!i+&,"!e# i!eres!- %'mme%ig ' !he

#"!e imme#i"!e, *',,'3ig !he #&e #"!e '* !he LOAN- "#&!i, !he *&,, +"me! '* !he e!ire '&!s!"#ig "m'&! '* !he LOAN h"s 2ee m"#e.

PLE56E

D. As se%&ri! 2 !he PLE56EE *'r !he re+"me! '* !he LOAN "# !he i!eres! "# '!her %h"rges !here'- "#*'r !he #&e *"i!h*&, +er*'rm"%e '* !he '2,ig"!i'- !hePLE56OR- 2 3" '* +,e#ge- here2 !r"s*ers- %'=es- "#

e%&m2er- i *"='r '* !he PLE56EE- !he PLE56E5PROPERTIES; "s #es%ri2e# 2e,'3- "# &#er !he !erms "#%'#i!i's se! *'r!h:

5ESCRIPTION OF THE PLE56E5 PROPERTIES

1. (((((((((((((((((((((((((((((((((((((((((((((((((((

@. The +r'+er!ies herei +,e#ge# "re ",, !he

+r'+er!ies se! *'r!h "# +"r!i%&,"r, #es%ri2e# "2'=e. ThePLE56OR *&r!her "grees !h"! ",, sh"res '* s!'%>- i* "-"risig *r'm s!'%> s+,i!s "# re=erse s+,i!s i=',=ig !heP,e#ge# Pr'+er!ies- "s 3e,, "s ",, s!'%> #i=i#e#s #e%,"re#' !he P,e#ge# Pr'+er!ies- "# ",, sh"res '* s!'%> 'r '!herse%&ri!ies "risig 'r #eri=e# *r'm !he e$er%ise '* s!'%> righ!s 'r 3"rr"!s "!!ri2&!"2,e !' !he P,e#ge Pr'+er!ies-sh",, *'rm +"r! '* !he P,e#ge# Pr'+er!ies.

. F'r "s ,'g "s !he LOAN rem"is '&!s!"#ig- !he"ggreg"!e *"ir m"r>e! =",&e '* !he P,e#ge# Pr'+er!ies sh",,-"! ",, !imes- 2e e

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!he !'!", &+"i# 2","%e '* !heLOAN '* !he PLE56OR.

. The PLE56OR here2 re+rese!s "# 3"rr"!s!h"! he is !he "2s',&!e '3er i *ee sim+,e "# is i ,"3*&,

+'ssessi' '* !he P,e#ge# Pr'+er!ies- *ree "# %,e"r *r'm" "# ",, ,ies- e%&m2r"%es "# "#=erse %,"ims '* 3h"!e=er >i# "# "!&re- h"s *&,, +'3er "# "&!h'ri! !'+,e#ge !he s"me &#er !he !erms here'*- "# !h"! !here is' ,eg", 'r %'!r"%!&", im+e#ime!- 3hi%h 3'&,# i "3"- im+"ir !he =",i#i! 'r e*'r%eme! '* !his +,e#ge.

G. The PLE56OR ",s' 3"rr"!s !h"! !he +,e#ge "#",, '!her #'%&me!s "# #ee#s- re,"!e# 'r s&++,eme!",here!'- h"=e 2ee "&!h'rie# 2 ",, e%ess"r "%!s "#

#ee#s 4i%,ig g'=erme! "&!h'ri"!i'- i* re %er!i%"!es 3hi%h "re ",re"#iss&e#- "re !' 2e #e,i=ere# !' !he PLE56EE742) !' e$e%&!e "# #e,i=er i *"='r '* !hePLE56EE- "ssigme!Js i !he *'rm "#s&2s!"%e- s"!is*"%!'r !' !he PLE56EE- %'=erig!he P,e#ge# Pr'+er!ies *'r 3hi%h !he s!'%> %er!i%"!es 'r '!her e=i#e%e '* '3ershi+!here'* h"=e '! 2ee iss&e#74%) "! !he PLE56ORs '3 e$+ese "# "%%'&!-3"rr"! "# #e*e# !he !i!,e !' ",, !he P,e#ge#Pr'+er!ies- *'r !he 2ee! '* !he PLE56EE74#) !' '! se,,- "ssig- #is+'se '*- e%&m2er 'r'!her3ise s&2e%! !' " '!her ,ie- !he P,e#ge#Pr'+er!ies 'r " +"r! !here'*74e) !h"! 3i!hi !hir! 4/) #"s *r'm #"!e here'*-'r &,ess s''er re

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i s&%h '!her m"er- "# "! s&%h +,"%es "s m"i !he '+ii' '* !he PLE56EE 2e ree *&,, e9e%!i=e- "# !' m"i!"i-+reser=e- "# +r'!e%! !he ,ie "# se%&ri! '* !his

+,e#ge74*) !h"! !he PLE56OR 3i,, +r'!e%! "# +reser=e!he ,ie %'s!i!&!e# &#er !his +,e#ge- "# &+'re"s'"2,e re

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4") !' !he +"me! '* ",, !"$es- "ssessme!s-g'=erme!", %h"rges 'r ,ies742) !' !he +"me! '* ",, e$+eses '* s",e-

i%,ig 2&! '! ,imi!e# !'- '!i%es "#"#=er!iseme!s- %'mmissi's- "!!'res *ees- "#'!her re,"!e# %h"rges7 "#4%) !' !he +"me! '* !he LOAN.

01. T' e9e%!i=e, %"rr '&! !he +'3ers gr"!e# !' !hePLE56EE- &#er !he +re%e#ig +"r"gr"+h "# e,se3here i!his Agreeme!- !he PLE56OR here2 irre='%"2, "mes-%'s!i!&!es "# "++'i!s !he PLE56EE "s i!s !r&e "#,"3*&, "!!'re i *"%!- 3i!h *&,, +'3er "# "&!h'ri! !' #'

"# +er*'rm- 2 i!se,* 'r !hr'&gh i!s 'miees 'r "ge!s-3i!h *&,, +'3er '* s&2s!i!&!i' 'r re='%"!i'- " "# ",,"%!s "# !higs 3hi%h m" 2e e%ess"r- +r'+er 'r%'=eie! !' 2e #'e 'r +er*'rme#- "s i* #'e 2 !hePLE56OR- "# ",, "%!s #'e i %'*'rmi! 3i!h !he +'3ersherei gr"!e# "re here2 %'rme# "# r"!ie#.

0@. The PLE56OR sh",, +" ",, %'s!s- *ees- %h"rges-"# '!her e$+eses i %'e%!i' 3i!h !he +re+"r"!i'-

e$e%&!i'- #e,i=er- regis!r"!i'- "# e*'r%eme! '* !his Agreeme!- 'r " "me#me!- s&++,eme!- 'r m'#i%"!i'!here'*- i%,ig 2&! '! ,imi!e# !' ",, s!"m+ "# '!her!"$es.

0. I !he e=e! !he PLE56OR *"i,s !' +r'm+!, 'r*&,, +" 'r +er*'rm " '* i!s '2,ig"!i'- 'r sh'&,# !hePLE56EE ree- 3hi%h i '%"se 2e ,ess !h" P//-///.//.

0. This Agreeme! sh",, 2e 2i#ig &+' "# i&re!' !he 2ee! '* !he FIRST "# SECON5 PARTIES- !heirs&%%ess'rs- "# "ssigs- e$%e+! !h"! !he PLE56OR m" '!"ssig 'r !r"s*er i!s righ!s 3i!h'&! !he +ri'r 3ri!!e

%'se! '* !he PLE56EE.

0G. The i=",i#i! 'r &e*'r%e"2i,i! '* "

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+r'=isi's '* !his Agreeme! sh",, '! "9e%! !he =",i#i! 're*'r%e"2i,i! '* " '!her +r'=isi' '* !his Agreeme!-3hi%h sh",, rem"i i *&,, *'r%e "# e9e%!.

/. The PLE56OR sh",, rem"i ,i"2,e &#er !his Agreeme! *'r "s ,'g "s !he LOAN- 'r " +'r!i' !here'*-rem"i &+"i#- '!3i!hs!"#ig " m'#i%"!i'-"me#me! 'r '="!i' '* !he Agreeme!.

0. A %,"im- #is+&!e 'r "%!i' "risig *r'm !his

 Agreeme!- i%,ig !he =",i#i! 'r e9e%!i=i! here'* sh",,

2e ,e# e$%,&si=e, i !he "++r'+ri"!e %'&r! '* M">"!i Ci!-

!' !he e$%,&si' '* ",, '!her =e&es.

. This Agreeme! sh",, %'!i&e !' 2e =",i#- 2i#ig"# 2e i *&,, *'r%e "# e9e%! &!i, !he '2,ig"!i's "re *&,,+"i# "# +er*'rme#. U+' !he *&,, +"me! LOAN "#+er*'rm"%e '* ",, !he '2,ig"!i'- !his Agreeme! sh",,-3i!h'&! ee# *'r " "%! 'r #ee#- %e"se !' h"=e " *&r!her*'r%e "# e9e%!.

IN WITNESS WHEREOF- !he +"r!ies h"=e here&!' se!!heir h"#s "# se",s "s '* !he #" "# e"r rs! 3ri!!e

"2'=e.

((((((((((((((((((((( (((((((((((((((((((((PLE56EE PLE56OR  

SI6NE5 IN THE PRESENCE OF:

((((((((((((((((((((((((((((

(((((((((((((((((((((((((((((

WITNESS WITNESS

 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)CITY OF )S.S.

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BEFORE ME- " N'!"r P&2,i%- *'r "# i (((((((((((((-!his ((((( #" '* A+ri, /01- !he *',,'3ig "++e"re# "#e$hi2i!e# !heir res+e%!i=e P"ss+'r!s:

N"me P"ss+'r! N'.5"!eJP,"%e Iss&e#

((((((((((((((((( (((((((((((((((((( (((((((((((((((((((((((((((((((((((((( (((((((((((((((((( (((((((((((((((((((((

K'3 !' me !' 2e !he s"me +ers's 3h' e$e%&!e# !he*'reg'ig LOAN A6REEMENT WITH PLE56E- %'sis!ig '* SI? 4@) +"ges- i%,ig !his +"ge- ' 3hi%h !his

 A%>'3,e#geme! is 3ri!!e- "# !he "%>'3,e#ge# !' me

!h"! !he s"me is !heir !r&e "# =',&!"r "%! "# #ee#.

WITNESS MY HAN5 AN5 SEAL ' !he #"!e "# "! !he+,"%e rs! "2'=e 3ri!!e.

NOTARY PUBLIC

5'%. N'. ((((((7P"ge N'. ((((((7

B''> N'. ((((((7Series '* /01

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