DEED OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

That I, JUAN DELA CRUZ, of legal age, married and resident of 9000 Hormiga
Street, Makati City, for and in consideration of the loan of FIVE HUNDRED THOUSAND
PESOS (P500,000.00), granted to me by PEDRO DELOS SANTOS, also of legal age,
married and resident of 800 Theresa Street, Makati City, to be paid one (1) year from
date hereof, have transferred and conveyed by way of chattel mortgage unto
said PEDRO DELOS SANTOS, his heirs, successors and assigns, free from all liens and
encumbrances that certain motor vehicle, presently in my possession, more particularly
described as:

MODEL/MAKE : 2011 Isuzu

COLOR : Black
BODY : Canter
MOTOR NO. : 123456
SERIAL/CHASSIS NO. : 789666
PLATE NO. : XYZ-123

of which I am the true and absolute owner by title thereto, being evidenced by
Registration Certificate ofMotor Vehicle No. 1122 issued in my name by the Land
Transportation Office on July 6, 2011.

This chattel mortgage has been executed in order to secure the full and faithful
payment of my obligation to PEDRO DELOS SANTOS in accordance with the terms
and conditions of this instrument. Upon payment, this contract shall become null and
void; otherwise, it shall continue in full force and effect and may be foreclosed in
accordance with law.

IN WITNESSS WHEREOF, I have hereunto signed this deed

of chattel mortgage, this 5th day of May 2013 at Makati City, Philippines.

JUAN DELA CRUZ

Mortgagor

With my marital consent (if married):

MARIA DELA CRUZ

Mortgagor’s wife

AFFIDAVIT OF GOOD FAITH

We, the undersigned MORTGAGOR and MORTGAGEE, severally swear that the
foregoing chattelmortgage is made and executed for the purpose of securing the
obligation specified therein, and for no other purpose, and that the same is a just and
valid obligation, and one not entered into for the purposes of fraud.
 JUAN DELA CRUZ PEDRO DELOS SANTOS
Mortgagor Mortgagee

SIGNED IN THE PRESENCE OF:

MARIA MAKILING JUAN TAMAD

Witness Witness

ACKNOWLEDGMENT

Republic of the Philippines)

City of Makati ) S.S.

BEFORE ME, a Notary Public, for and in the City of Makati, this 25th day of June
2013 personally appeared:

Name Identification Card Issued On/At

JUAN DELA CRUZ SSS I.D. No. 123 1-1-11/Makati

PEDRO DELOS SANTOS SSS I.D. No. 222 2-1-11/Makati
MARIA DELA CRUZ SSS I.D. No. 333 3-1-11/Makati
MARIA MAKILING SSS I.D. No. 444 4-1-11/Makati
JUAN TAMAD SSS I.D. No. 555 5-1-11/Makati

all known to me to be the same persons who executed the foregoing

instrument and hereby acknowledged to me that the same is their free and voluntary
act and deed.

This instrument consisting of two (2) pages, including this page on which this
acknowledgment is written refers to a DEED OF CHATTEL MORTGAGE and has been
signed by the parties and their witnesses and sealed with my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No. ____

Page No. ____
Book No. ____
Series of 2013.

PROMISSORY NOTE
P_____________
FOR VALUE RECEIVED, I promise to pay without need of demand to the
order of __Payee__, at his office at _____________, the principal amount of
PESOS: __________________________ (P_____________), on or before
_____________. In addition to the foregoing, I promise to pay monthly
interest at the rate of _____________ (_______%) percent, without need of
demand, starting from the month of _____________ until this note is fully
paid.
__Date__, _____________, Philippines.

Maker