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For use by OFWs only.

IRREVOCABLE SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

That I, ______________________________________ of legal age,


single/married, Filipino and residing at _____________________________________, do
hereby name, constitute, and appoint ____________________________________, of
legal age, single/married with residence and postal address at
______________________________, whose signature appears below, to be my true
and lawful Attorney-in-Fact, for me and in my name, place and stead, and for my own
use and benefit to do the following acts and deeds:

1. To buy, acquire and negotiate for the purchase for such price, on cash basis or
installment, and under such terms and conditions as said Attorney-in-Fact may deem
proper, motor vehicle(s) or any personal property;

2. To apply for, negotiate, and obtain an Auto Financing Loan (“Loan”) from East West
Banking Corporation (“Bank”) such sum or sums as he/she deems fit or advisable
that may be agreed with the Bank at such rates of interest and upon such other
terms and conditions as may be agreed with the Bank;

3. To transfer, assign, and convey by way of FIRST MORTGAGE unto the Bank, its
successors and assigns the motor vehicle(s) real or personal property which I now
own or may own in the future, such property being free from any lien or
encumbrance, as security for the prompt payment of the Loan to be extended to me,
or any other obligations due the Bank and the proper performance of all covenants
and agreements in connection therewith;

4. To endorse, deposit, encash or negotiate checks or money orders payable to me, in


connection with the purchase of the motor vehicle(s) or any personal property
through the facilities of the Bank.

5. To demand, withdraw, collect and receive all sum of money which are due or may be
due to me;

6. To execute and deliver any deed of sale, loan agreement, contract of mortgage, or
any other instrument or document of whatever kind, including promissory notes, as
may be necessary or proper in connection with the sale or loan extended to me or
with its amendment, renewal or extension, all upon such other terms, and conditions
as said Attorney-in-Fact may, in his discretion, deem to be in my best interest.

7. To voluntarily surrender, upon the occurrence of an event of default as described


under the documents evidencing the Loan, to the BANK the motor vehicle so
purchased using the proceeds of the Loan and conveyed via FIRST MORTGAGE in
favor of the Bank, and to sign, execute and deliver any documents necessary to effect
such voluntary surrender.

8. To appoint the Bank, in connection with said voluntary surrender, as my attorney-in


fact to perform the following:
For use by OFWs only.

a. To sell such motor vehicle in my name, place and stead, at a price that the
Bank may consider fair and reasonable; and

b. To sign such deed of sale or other documents necessary to effect the sale of
the subject motor vehicle.

GIVING AND GRANTING unto my said Attorney-in-Fact full power and authority
to do and perform every act and thing whatsoever requisite and necessary to be done in
and about the premises, as fully to all intents and purposes as I might or could do
personally or cause to be done by virtue of these presents.

IN WITNESS WHEREOF, I have hereunto set my hand this ________ day of


____________________, Philippines.

ACCEPTANCE OF AUTHORITY

__________________________ ___________________________

Principal Attorney-in-Fact

WITH MY MARITAL CONFORMITY

_______________________________

SIGNED IN THE PRESENCE OF:

___________________________________ _________________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )


_____________________________ ) SS

BEFORE ME, a Notary Public for and in ________________________________,


on ___________________________________, a personally
appeared_______________, with competent evidence of his identity in the form of
_____________________ No. __________________ issued at _______________ on/set
to expire on _____________________, known to me and to me known to be the same
person who executed and signed the foregoing Special Power of Attorney and he/she
acknowledged to me that the same is his free and voluntary act and deed.

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

NOTARY PUBLIC

Doc. No. _____;


Page No. _____;
Book No._____;
Series of 20__.

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