PLEDGE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

I, of legal age, married to

with postal address at hereinafter known as the PLEDGOR, and
of legal age, single, with postal address at
hereinafter known as the PLEDGEE, witnesseth:

That the PLEDGOR is indebted unto the PLEDGEE in the sum of

( ), Philippine Currency, receipt of which is acknowledged by the PLEDGOR upon the
signing of this instrument, payable within a period of year/s, with interest thereon at the rate of ( )
% per annum;

That for, and in consideration of this indebtedness, and to assure the performance of said
obligation to pay, the PLEDGOR hereby pledges, assigns, transfers, delivers and grants to the PLEDGEE,
his heirs and assigns, the following personality, which the PLEDGOR owns and has the free disposal
thereof:

MAKE: MOTOR NO. :

SERIES: SERIAL/CHASSIS NO. :
TYPE OF BODY: PLATE NO. :
YEAR MODEL: FILE NO. :

That when the PLEDGOR is unable to comply with his obligation when it becomes due and
demandable, the PLEDGEE has the right of retention and the right to sell the pledged motor vehicle in a
public auction complying with Article 2112 of the New Civil Code;

That this agreement will be extinguished upon the fulfillment of the principal obligation and the
pledged motor vehicle must be returned to the PLEDGOR in such event.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this day of
2019 at Philippines.

PLEDGOR PLEDGEE

Signed in the presence of:

 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF ) S.S.

BEFORE ME, this day of , 2019 in the City of ,

personally appeared:

Name Competent Evidence Place and Date

of Identity of Issue

known to me to be the same person who executed the foregoing instrument, and acknowledged that
the same are their free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date
and place above written.

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