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 of Motor 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 Mortgagors wife

AFFIDAVIT OF GOOD FAITH

We, the undersigned MORTGAGOR and MORTGAGEE, severally swear that the foregoing chattel mortgage 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 Mortgagor

PEDRO DELOS SANTOS Mortgagee

SIGNED IN THE PRESENCE OF:

MARIA MAKILING Witness

JUAN TAMAD 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 PEDRO MARIA MARIA JUAN

DELA DELOS DELA

CRUZ SANTOS CRUZ

SSS SSS SSS SSS SSS

I.D. I.D. I.D. I.D. I.D.

No. No. No. No. No.

123 222 333 444 555

1-1-11/Makati 2-1-11/Makati 3-1-11/Makati 4-1-11/Makati 5-1-11/Makati

MAKILING

TAMAD

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.