PLEDGE OF SHARES OF STOCK
KNOW ALL MEN BY THESE PRESENTS:
This Pledge of Shares of Stock is eec!ted this "i#sert date$ %& a#d %et'ee#:
"i#sert #a(e$) of legal age) *ili+i#o a#d a reside#t
of "state address$) herei#after referred to as the
PLE,-OR.
/ a#d0
"i#sert #a(e$) a cor+oratio# d!l& orga#i1ed a#d
eisti#g i# accorda#ce 'ith la's of the Re+!%lic of
the Phili++i#es) 'ith +ri#ci+al offices at "state
address$) re+rese#ted i# this act %& its Preside#t)
"state #a(e of re+rese#tati2e$) herei#after referred
to as the PLE,-EE3
/W4TNESSETH/
WHEREAS) the Pledgor has sec!red a loa# "herei#after referred to as the 5,e%t6$ fro(
Pledgee i# the a(o!#t of "state a(o!#t of loa#$) recei+t of 'hich is ack#o'ledged a#d
co#fir(ed herei# %& the +arties3
WHEREAS) Pledgor) as sec!rit& for said loa# "herei#after referred to as 57ollateral6$)
here%& de+osits) deli2ers to a#d +ledges to Pledgee shares of stock i# "state #a(e of
cor+oratio#$) re+rese#ted %& the follo'i#g stock certificates:
7ertificate N!(%er No3 of Shares Total Par 8al!e
NOW THERE*ORE) the +arties agree as follo's:
93 Pledgee (a& assig# or tra#sfer said ,e%t a#d the 7ollateral +ledged here!#der
to a#& third +art& +ro2ided fiftee# "9:$ da&s +rior 'ritte# #otice is gi2e# to Pledgor
a#d Pledgor is gi2e# a# o++ort!#it& to redee( a#d +a& the ,e%t 'ithi# fiftee#
"9:$ da&s fro( #otice3
;3 4# the e2e#t a stock di2ide#d or f!rther iss!e of stock i# the 7or+oratio# is
iss!ed) Pledgor shall +ledge said shares as additio#al collateral for the de%t3
<3 ,!ri#g the ter( hereof a#d as lo#g as there is #o defa!lt) Pledgor shall ha2e f!ll
rights to 2ote said shares a#d %e e#titled to all di2ide#ds i#co(e) ece+t that
stock di2ide#ds shall %e +ledged3
=3 ,!ri#g the +e#de#c& of this agree(e#t) Pledgor shall #ot iss!e a#& +ro&) 2oti#g
tr!st agree(e#t or assig#(e#t of rights to the +ledged shares3
:3 Pledgor 'arra#ts a#d re+rese#ts good title to the shares 'hich are free fro(
lie#s a#d e#c!(%ra#ces or +rior +ledge 'ith f!ll a!thorit& to tra#sfer said shares
as collateral sec!rit&3
>3 ?+o# defa!lt of +a&(e#t of the de%t) or %reach of this agree(e#t) Pledgee or
tra#sferee shall ha2e f!ll rights to foreclose +!rs!a#t to la'3
@3 Pledgor !#dersta#ds that !+o# foreclos!re the +ledged shares (a& %e sold at
+!%lic a!ctio# or +!%lic sale 'ith right to recei2e reaso#a%le +rior 'ritte# #otice of
a#& said i#te#ded sale a#d 'ith f!ll rights to redee( said shares at a#& ti(e +rior
to said sale !+o# +a&(e#t of the %ala#ce d!e) a#d accr!ed costs of collectio#3 4#
the e2e#t the shares shall %e sold for less tha# the a(o!#t the# o'i#g) Pledgor
shall %e lia%le for a#& deficie#c&3
A3 ?+o# +a&(e#t of the de%t) the shares shall %e ret!r#ed to Pledgor a#d this
+ledge agree(e#t shall %e ter(i#ated3
B3 This +ledge agree(e#t shall %e %i#di#g !+o# a#d i#!re to the %e#efit of the
+arties) their s!ccessors) assig#s a#d +erso#al re+rese#tati2es3
9C3 ?+o# defa!lt the Pledgor shall +a& all reaso#a%le attor#e&sD fees a#d cost of
collectio#s3
993 This ,eed shall %e go2er#ed a#d co#str!cted i# accorda#ce 'ith the la's of the
Phili++i#es3
9;3 All e+e#ses for #otari1atio#) ,oc!(e#tar& Sta(+ Ta a#d other e+e#ses
i#cide#t to this co#tract shall %e for the ecl!si2e acco!#t of the Pledgee3
9<3 This Agree(e#t co#stit!tes the e#tire !#dersta#di#g %et'ee# the +arties a#d
(a& o#l& %e (odified) altered or a(e#ded o#l& 'ith the +rior 'ritte# co#se#t of
the +art& of or +arties agai#st 'ho() s!ch (odificatio#) alteratio#) or a(e#d(e#t
shall take effect3
4N W4TNESS WHEREO*) the +arties ha2e eec!ted this Agree(e#t o# the date a#d
+lace a%o2e s+ecified3
PLE,-OR PLE,-EE
S4-NE, 4N THE PRESEN7E O*:
EEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEE
A7KNOWLE,-MENT
REP?BL47 O* THE PH4L4PP4NES$
$S3S3
BE*ORE ME) this "i#sert date$ i# "i#sert +lace$) +erso#all& a++eared:
Na(e 7T7 No3 4ss!ed at 4ss!ed o#
k#o'# to (e to %e the sa(e +erso#s 'ho eec!ted the foregoi#g i#str!(e#t co#sisti#g
"state #!(%er of +ages$ +ages i#cl!di#g this Ack#o'ledg(e#t) a#d 'ho ack#o'ledged
to (e that the sa(e is their 2ol!#tar& a#d free act a#d deed a#d those of the +arties
re+rese#ted3
4N W4TNESS WHEREO*) 4 set (& ha#d a#d affi (& #otarial sea o# the date a#d +lace
a%o2e 'ritte#3
Notar& P!%lic
,oc3 No3 EEEEE.
Page No3 EEEEE.
Book No3 EEEEE.
Series of EEEEEE3
