CONTRACT FOR SALE ON INSTALLMENT

KNOW ALL MEN BY THESE PRESENTS:

This Contract for Installmnt Sal is !c"t# this $insrt #at% &' an# &t(n:
$stat nam of cor)oration%* a cor)oration or+ani,# an#
!istin+ "n#r th la(s of th Phili))ins* (ith &"sinss
a##rss at $insrt a##rss% hrin #"l' r)rsnt# &' its
$insrt )osition of si+nator'%* $insrt nam of si+nator'%*
hrinaftr rfrr# to as th SELLER-
.an# /
$stat nam of cor)oration%* a cor)oration or+ani,# an#
!istin+ "n#r th la(s of th Phili))ins* (ith offic
a##rss at $insrt a##rss% hrin #"l' r)rsnt# &' its
$insrt )osition of si+nator'%* $insrt nam of si+nator'%*
B0YER1
WITNESSETH:
WHEREAS* SELLER is n+a+# in th &"sinss of (holsal an# rtail of +oo#s
)artic"larl' #scri&# as follo(s: $stat #scri)tion of +oo#s%1
WHEREAS* B0YER #sirs to )"rchas sai# +oo#s on installmnt1

NOW THERE2ORE* th )artis a+r as follo(s:
1. Payment
313 Sllr hr&' slls to th B"'r th articls #scri&# a&o4 +oo#s ")on trms
an# con#itions st forth in Ann! A of this A+rmnt1
315 Pa'mnt as st forth in Ann! A of this A+rmnt shall & ma# at SELLER6s
a##rss1
317 An' )rior contracts &t(n th hrin )artis not co4r# hrin shall rmain in
f"ll forc an# ffct* an# Sllr8s sc"rit' intrst in th +oo#s sol# "n#r thm
shall rmain )rfct#* an# that as to th contract 4i#nc# &' this instr"mnt*
&"'r shall ma9 )a'mnts in th amo"nt an# for th )rio# st forth thrin1
51 Warranties
No r)rsntation or statmnts ha4 &n ma# &' Sllr concrnin+ th +oo#s !c)t
as stat# in this a+rmnt* an# no (arrant'* !)rss or im)li#* &' sllr* ariss a)art
from this (ritin+1 Sllr (arrants that th sai# +oo#s ar fr from an' lin* claim*
nc"m&ranc* or sc"rit' intrst1
71 Fees
B"'r shall )a' all ta!s* costs an# fs in rlation to this contract1
:1 Retention of Secrity Interest
0ntil all installmnt )a'mnts* an# amo"nts #" "n#r this a+rmnt* ha4 &n )ai#*
Sllr shall rtain a sc"rit' intrst in th +oo#s an# an' an# all ;"i)mnt* )arts*
accssoris* attachmnts* a##itions an# othr +oo#s* an# all r)lacmnts of thm*
install# in* affi!# to or "s# in connction thr(ith* an# if &"'r slls or othr(is
#is)oss of th +oo#s in 4iolation of this a+rmnt* in th )roc#s of s"ch sal or
#is)osition1
<1 Insrance
<13 B"'r (ill sc"r a))ro)riat ins"ranc for th +oo#s a+ainst all ha,ar#s (ith an
ins"rr satisfactor' to Sllr1 If B"'r fails to o&tain s"ch ins"ranc* Sllr ma'
o&tain th sam at B"'r8s !)ns $(itho"t (ai4r of an' othr rm#'% an#
B"'r is #m# to ha4 assi+n# an# shall assi+n to Sllr all ri+ht to rci4
)roc#s of ins"ranc not !c#in+ th "n)ai# &alanc $incl"#in+ an' costs of
collction* attorn'8s fs or othr costs act"all' inc"rr# in connction (ith it%
an# #ircts an' ins"rr to )a' all )roc#s #irctl' to Sllr an# a"thori,s Sllr
to n#ors an' #raft for )roc#s1
<15 In th 4nt of #ama+ to th +oo#s an# )a'mnt of ins"ranc* Sllr shall ha4
th o)tion of r)lacin+ th +oo#s or a))l'in+ th )roc#s on an' o&li+ation
sc"r# &' this a+rmnt1 Sllr ma' ")on #fa"lt &' B"'r "n#r this
a+rmnt* or #fa"lt in th )a'mnt or )rformanc of an' o&li+ation sc"r#
&' this a+rmnt* cancl an' ins"ranc on +oo#s aftr r)ossssion of thm* or
on that )ortion of th +oo#s r)ossss# if lss than all1
=1 Maintenance
B"'r (ill 9) th +oo#s in +oo# con#ition an# fr from lins an# othr sc"rit'
intrsts* (ill )a' )rom)tl' all ta!s an# assssmnts ")on thm or (ith rs)ct to thir
"s* (ill not "s th +oo#s ill+all' or #is)os of or nc"m&r thm* (ill not rmo4 th
+oo#s from th )rmiss to (hich th' ar #li4r#* (itho"t th )rior (rittn consnt of
Sllr1
>1 E!ents of "efa#t
Th occ"rrnc of an' of th follo(in+ shall constit"t a #fa"lt "n#r this a+rmnt:
$3% fail"r of &"'r to )rform an' o&li+ation or a+rmnt s)cifi# in this a+rmnt* or
if an' (arrant' or r)rsntation ma# "n#r this a+rmnt &' &"'r sho"l# )ro4 to
& matriall' incorrct- $5% th #ath of &"'r* an' cosi+nr or +"arantor on an'
o&li+ation sc"r# &' this a+rmnt* or th #issol"tion* mr+r* consoli#ation or
ror+ani,ation of an' cor)orat &"'r or cor)orat o&li+or on s"ch o&li+ation- $7% th
instit"tion of an' )roc#in+ in &an9r")tc'* rci4rshi) or insol4nc' a+ainst &"'r- or
a+ainst an' o&li+or on an' sc"r# o&li+ation or th instit"tion &' an' )art' of action for
attachmnt or similar )rocss- $:% th iss"anc of !c"tion )rocss a+ainst an'
)ro)rt' of &"'r or an' s"ch coo&li+or* or th ntr' of an' ?"#+mnt a+ainst &"'r or
an' s"ch coo&li+or* or an' assi+nmnt for &nfit of cr#itors or similar action a#4rsl'
in4ol4in+ an' s"ch )art'- $<% an' con#mnation* l4'* forfit"r or similar action a+ainst
th +oo#s or an' )art of thm- $=% (hn sllr shall in +oo# faith an# ")on rasona&l
+ro"n#s &li4 that th )ros)ct of )rformanc of an' o&li+ation of &"'r "n#r this
a+rmnt* or of )rformanc or )a'mnt of an' o&li+ation sc"r# &' this a+rmnt*
&' &"'r or an' othr o&li+or on thm* is matriall' #iminish#- $>% th #fa"lt &' &"'r
"n#r an' othr contract o&li+ations* or installmnt sal sc"rit' a+rmnt &t(n th
)artis to this sc"rit' a+rmnt1
@1 Reme"ies on "efa#t
@13 In th 4nt of a #fa"lt* or if Sllr or Sllr8s assi+n shall consi#r th
)a'mnt of th &alanc of th installmnt )a'mnts insc"r* Sllr shall ha4
th ri+ht to: $3% o&tain ?"#+mnt for th amo"nt of th installmnts #lin;"nt
"n#r th contract )l"s intrst at $stat rat of intrst% on s"ch #lin;"nt
)a'mnts from #" #at an# rasona&l attorn'8s fs (itho"t )r?"#icin+
sllr8s ri+ht to s"&s;"ntl' o&tain ?"#+mnt for a##itional #ama+s* !)nss*
attorn'6s fs an# th li9* $5% ntr an' )rmiss an# (itho"t &rach of th
)ac ta9 )ossssion of th +oo#s1 Sllr ma' r;"ir &"'r to assm&l th
+oo#s an# ma9 thm a4aila&l to sllr at a )lac to & #si+nat# &' sllr
(hich is rasona&l' con4nint to sllr an# &"'r1 Sllr shall ha4 th ri+ht to
ta9 imm#iat )ossssion of th +oo#s (hr4r fo"n#* (ith or (itho"t l+al
)rocss* an# to sll or othr(is #is)os of th +oo#s1
@15 0nlss th +oo#s ar )risha&l or thratn to #clin s)#il' in 4al" or ar of
a t') c"stomaril' sol# on a rco+ni,# mar9t* Sllr (ill +i4 &"'r rasona&l
notic of th tim an# )lac of an' )"&lic sal of th +oo#s or th tim aftr
(hich an' )ri4at sal or othr intn## #is)osition is to & ma#1 Th
r;"irmnts of rasona&l notic shall & mt if s"ch notic is mail# to th
a##rss of th &"'r sho(n at th &+innin+ of this contract or s"ch othr
a##rss of &"'r as ma' from tim to tim & sho(n on sllr8s rcor#s* at last
fi4 #a's )rior to s"ch action1
@17 B"'r (ill )a' an' #ficinc' that ma' rmain aftr !rcis of s"ch ri+hts )l"s
!)nss of rta9in+* hol#in+* )r)arin+ for sal* sllin+ or th li9* incl"#in+
sllr8s rasona&l attorn'8s fs1 All of sllr8s ri+hts "n#r this a+rmnt ar
c"m"lati4 an# no (ai4r of an' #fa"lt shall affct an' latr #fa"lt1
A1 Misce##aneos terms an" $ro!isions1
A13 Loss or #ama+ to th +oo#s (ill not rlas &"'r1
A15 R)airs to th +oo#s an# ;"i)mnt or accssoris )lac# on th +oo#s shall &
at &"'r8s !)ns an# shall constit"t com)onnt )arts of th +oo#s* s"&?ct to
th trms of this contract1
A17 If an' )art of this contract is a#?"#+# in4ali#* th rmain#r (ill not &
in4ali#at# &' this1
A1: Sllr ma' assi+n this contract &"t &"'r shall not1 Sllr8s assi+n shall ha4
all of th ri+hts* )o(rs an# rm#is of sllr &"t shall & s"&?ct to non of
sllr8s o&li+ations* an# an' ri+ht* rm#' or a"thorit' confrr# ")on sllr
"n#r this a+rmnt shall ")on assi+nmnt & #m# to & confrr# ")on
sllr8s assi+n* 4n tho"+h th trm BsllrB onl' is "s# in this a+rmnt*
an# an' notic to (hich sllr is ntitl# shall & +i4n to sllr8s assi+n if
&"'r has notic of an assi+nmnt1
A1< B"'r (ill not assrt a+ainst an' assi+n of this contract an' #fns (hich
&"'r ma' ha4 a+ainst sllr1
1%. E&c#si!e statement of contract.
This (ritin+ contains th f"ll* final an# !cl"si4 statmnt of th contract &t(n th
)artis an# no a+rmnt or (arrant' shall & &in#in+ on th sllr "nlss !)rssl'
contain# in it1
IN WITNESS WHEREO2* th )artis ha4 !c"t# this A+rmnt on th #at an#
)lac a&o4 s)cifi#1
B0YER SELLER
SICNED IN THE PRESENCE O2:
EEEEEEEEEEEEEEEEEEEEEEEEEEE EEEEEEEEEEEEEEEEEEEEEEE
AC'NOWLE()MENT
REP0BLIC O2 THE PHILIPPINES%
%S1S1
BE2ORE ME* this $insrt #at% in $insrt )lac%* )rsonall' a))ar#:
Nam CTC No1 Iss"# at Iss"# on
9no(n to m to & th sam )rsons (ho !c"t# th for+oin+ instr"mnt consistin+
$insrt n"m&r of )a+s% $EEE% )a+s incl"#in+ this Ac9no(l#+mnt* an# (ho
ac9no(l#+# to m that th sam is thir 4ol"ntar' an# fr act an# ## as (ll as
thos of th )artis hrin r)rsnt#1
IN WITNESS WHEREO2* I st m' han# an# affi! m' notarial sal on th #at
an# )lac a&o4 (rittn1
Notar' P"&lic
Doc1 No1 EEEEE-
Pa+ No1 EEEEE-
Boo9 No1 EEEEE-
Sris of EEEEEE1