LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

A contract of loan is herein entered into by and between:

ARTURITO C. ROMAN Filipino Citizen, of legal age,

single, with residence and postal address at Phase 2, Block
12, Country Homes, Cabantian, Davao City, hereinafter
referred to as the "LENDER";

- and -
 
SERGIO C. MARQUINA, Filipino Citizen, of legal age,
married to Racquel M. Marquina with residence and postal
address Lot 6, Block 29, Phase 3, Kalasag Street, Davao City,
hereinafter referred to as the "BORROWER".

WITNESSETH:

The LENDER herein agrees to loan the BORROWER with the sum of
Six Hundred Thousand (P600,000), Philippine currency, and payable
within the period of May 15, 2020-March 15, 2021, under the following
terms and conditions:

A. Loan Payment Terms. The borrower shall a sum of $10,000 to the

lender for every month of the loan agreed upon. Payment shall be
due every 15th day of the month starting in the month following
the execution of this agreement and shall continue each month
thereafter until the loan balance, including the principal and
accrued interest is paid in full or a demand for full payment has
been made by the lender.

B. Method of Loan Payment. The borrower shall make good of his

obligation to pay under this agreement by personally delivering
the amount required at the address of the LENDER.

C. Default. The occurrence of any of the following event shall

constitute a default upon the borrower:

1. Borrower failed to pay 6 months of his obligation,

principal and interest, on the date required by this loan
agreement;

2. The borrower becomes insolvent or otherwise unable to

pay his obligation under this contract;
 In case of the above circumstance the Lender shall notify the
Borrower that the latter is in default with corresponding notice of
the amount due and demandable.

D. Cure of Default. If the default is due to the failure to timely pay

the obligation herein agreed upon, the barrower shall pay his
obligation by making full payment of any principal due and its
accrued interest including the payment of the penalty discussed
below.

E. Penalty for Late Payment. An interest of Php 20,000 will be added

due to the failure to timely pay the obligation herein agreed upon.

Sgd. Sgd.
ARTURITO C. ROMAN SERGIO C. MARQUINA

LENDER BORROWER

Signed in the presence of:

 
Sgd. Sgd.
DANNAH C. AGUSTIN & ENRICO A. DE GUZMAN   

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES}

Davao City }S.S
X-------------------------x

BEFORE ME, a notary for and in Davao City, personally appeared:

Name ID Number Date/Place Issued

ARTURITO C. ROMAN Passport No. ZZ2166B 05/4/2019, Davao City
SERGIO C. MARQUINA LTO- L06-2455134324 4/1/2016, Davao City
Notary Public
known to me and to me known to be the same persons who executed the
foregoing Legal Instrument and acknowledged to me that the same is their
Sgd.
free and voluntary act and deed.
STEPHANIE M. SANTOALLA
WITNESS MY HAND ANDNotary Public
SEAL, onfor
theDavao Cityplace first above
date and
written. Notarial Commission Serial No.2020-081-2021
Commission Expires on December 31, 2021
Roll of Attorneys No. 55267
IBP No. 096746/ 12-06-2019/Davao City
PTR No. 3530407C/ 1-21-2020/ Davao City
Doors 5 & 6, Tropicana Bldg., J.P. Laurel Ave.,
Lanang, Davao City
Doc. No. 041 ;
Page No. 011 ;
Book No. III ;
Series of 2020.