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LOAN AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:


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

Wicked Witch, Filipino Citizen, of legal age, single, with residence and postal
address at 1 Evil Street, Evil World Village, Alabang, Muntinlupa City,
hereinafter referred to as the "LENDER"
-andThe King, Filipino Citizen, of legal age, married to The Queen with
residence and postal address 3 Mayaman Street, Kingville, Alabang,
Muntinlupa City, hereinafter referred to as the "BORROWER".
WITNESSETH:
The LENDER herein agrees to loan the BORROWER with the sum of six
hundred thousand($600,000), United States currency, and payable within the
period of May 15, 2013-March 15, 2014, 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 1 Evil Street, Evil World Village,
Alabang, Muntinlupa City
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;

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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.

Wicked Witch
LENDER

The King
BORROWER
SIGNED IN THE PRESENCE OF:

___________________________

________________________

ACKNOWLEDGEMENT

Republic of the Philippines


)
Muntinlupa City
) S.S

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


Name
Wicked Witch
The King

ID Number
Date/Place Issued
Passport No. ZZ2166B
March 5, 2014 Pasay City
SSS No.CRN-0222-3021988-9 April 1, 2014 Quezon City

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 free
and voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and place first above
written.

KAREN ROMERO
Notary Public
PTR No. 4339512 01/16/2014 Muntinlupa City
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IBP Lifetime Member Roll No. 023450


Roll of Attorneys No. 44566
MCLE Compliance No. III-1543830; 05/9/14
Notarial Commission Expires on December 2014
Doc. No.213;
Page No. 67;
Book No.XX;
Series of 2013.

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