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and
2.
Both parties agree to give 15% every month of the invested principal amount,
starting on the month following the effective date as indicated above, to the said
INVESTOR as a monthly share of profit of the cash given to INVESTEE.
3.
In case of failure to pay the monthly share of profit of the invested principal
amount, the INVESTEE shall be liable to pay an interest equivalent to the rate of
15% per month of the principal amount and other damages which the latter
maybe entitled under the law, in addition to the above interest.
4.
This Agreement constitutes the entire understanding between the parties and
may only be modified, altered or amended only with the prior written consent of
the party of or parties against whom, such modification, alteration, or amendment
shall take effect.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date and
place above specified.
_______Gil S. Nazareno_____
INVESTOR
_________________________
INVESTEE
_________________________
_________________________
ACKNOWLEDGMENT
CTC No.
Issued at
Issued on
known to me to be the same persons who executed the foregoing instrument consisting
two (2) pages including this Acknowledgment, and who acknowledged to me that the
same is their voluntary and free act and deed.
IN WITNESS WHEREOF, I set my hand and affix my notarial seal on the date
and place above written.