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PLEDGE

This AGREEMENT, made and entered into this December 13, 2018 by
and between Junmer Z. Ortiz, of age, single, and residing at Gutalac,
Zamboanga del Norte, Philippines, now and hereinafter called the Pledgor,
and Brad Pet likewise of age, single, and residing at Wakanda, Forever City,
Philippines, now and hereinafter called the Pledgee.

Witnesseth that:

WHEREAS, the Pledgor has executed a promissory note dated July 10,
2016, in favor of the Pledgee and made payable within 2 years after date at
Daro, Dumaguete, Philippines, for amount of ONE THOUSAND (P 1,000)
PESOS, Philippine Currency;

WHEREAS, the Pledgor has agreed with the Pledgee to secure the
payment of the said note;

NOW THEREFORE, in consideration of the premises and mutual


covenants herein contained, the Pledgor has, as a collateral security for the
payment of the aforementioned note and by way of pledge, deposited with
the said Pledgee the following personal property of his own exclusive
ownership, and of which he has the free disposal, to wit:

MAKE: Suzuki MOTOR NO.: G427239249


SERIES: FU150SCD2 SERIAL/CHASSIS NO.: BG41H314778
TYPE OF BODY: Motorcycle PLATE NO.: KC50033
YEAR MODEL: 2015 FILE NO.: 1001-00000116809
OR: 1064205144 C.R. NO.: 235891106

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And the said parties to this instrument agree that the Pledgee who
acknowledges receipt of the aforementioned personal property of the
Pledgor shall take good care of the said property until redeemed by the said
Pledgor;

That should the said note or any part thereof, or interest to grow
thereon, remain due and unpaid, after the said note shall have been due,
according to the terms thereof, the said Pledgor, irrevocably empowers and
authorizes the said Pledgee, his heirs, executors, administrators and assigns,
to sell or dispose of the abovementioned property or any part thereof at
public auction as provided for in Article 2112, of the Civil Code, from the
proceeds of such sale to pay the principal and interest of the said note, and
all such costs as may be incurred by virtue of such sale; and

That in case of deterioration or fall in the price or market value of the


personal property herein pledged, the Pledgor hereby agrees to put up
additional security in proportion to the deterioration or fall in market value
of the same, and in default of which, the said note shall be considered due
and payable under the above stipulation; but in the event of payment of said
note and interests due therefrom, this agreement is to be void, and the
above-named securities are to be returned to the Pledgor.

IN WITNESS WHEREOF, we have set our hands this December 13,


2018 at Daro, Dumaguete, Philippines.

JUNMER Z. ORTIZ BRAD PET


Pledgor Pledgee

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SIGNED IN THE PRESENCE OF:

__________________ __________________

ACKNOWLEDGEMENT
DIPOLOG CITY, ZAMBOANGA DEL NORTE, PHILIPPINES ) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued


JUNMER Z. ORTIZ 10000000 Jan 01, 2018/ Manila
BRAD PET 10000000 Jan 11, 2018/ Manila

Known to me and to me known to be the same persons who executed


the foregoing 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.

Notary Public
Atty. Tommy Lee Jones
Until July 10, 2010
PTR No. ________
Zamboanga City
IBP No. ________

Doc. No.______;
Page No. _____;
Book No.______;
Series of 20___.

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