PAYMENT AGREEMENT CONTRACT

By this contract, ___________________________________(Payee Name) an individual in

legal age, located at
___________________________________________________________________________
_______________agrees to make payment to _________________________, hereafter known
as “Lender,” located at________________________________________________________
the following schedule in exchange for _____________________________ for various places
and clients. This payment schedule is enforceable by law, and the methods described below
will be used in case of delinquent payment.

By this agreement, it is agreed that a payment of PHP_________________________ will be

surrendered to the lender every ______________________________ until the total of the
payment required, which is PHP______________________________, has been delivered. The
payment plan will take the following form:

 First Payment Date________________________, PHP_________________________

 Second Payment Date_____________________, PHP__________________________
 Third Payment Date_______________________, PHP_________________________
 Fourth Payment Date_______________________, PHP________________________
 Fifth Payment Date_________________________, PHP________________________
 Sixth Payment Date________________________, PHP________________________

Theses payment include any interest and other charges that may apply.

This agreement is binding, and failure to meet its terms will allow the Lender to take certain
recourse. First, Insufficient payment and bounced checks will incur a fee of
PHP_______________________. If payment should not be delivered at all, Lender will be
entitle to exercise its rights under the Philippine Constitution.

In addition, the following terms and condition apply.

1. All the information written above between parties was true and valid. And if any part
of the given information need alterations, the parties should inform the other in advance
and submit a promissory note stating the revise on information.
2. If the payee happen to not make the payment on time, he/she should inform the lender
ahead or on time and gave a promissory notes, stating that he/she will pay his due
payment 15 days after the said late payment.
3. The payee understood that he/she was only allowed to have ____(number of late
payment) alternate late payment thru this contract.

By signing this agreement, all parties agree to the terms as described above. Alternations
to this agreement can only be made by both parties and must be placed in writing. Both
parties will receive a printed copy of this agreement, and will be responsible for upholding
its terms.

Full Name (Payer) Signature and Date

Full Name (Payee) Signature and Date