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PAYMENT PLAN AGREEMENT
1. THE PARTIES. This Payment Plan Agreement (“Agreement”) dated

07/01/2024 is by and between:
Creditor: JRT Gadgets, with a mailing address of Zone 7, Barangay Cañogan Abajo Sur,
Santo.Tomas Isabela, and
Debtor: CIARRA B. TULIAO, with a mailing address of PUROK 2, CENTRO POBLACION,

Municipality of SANTO TOMAS, Province of ISABELA, ZIP CODE 3327.
HEREINAFTER, the Debtor and Creditor (“Parties”) agrees to the following:
2. BALANCE. At the time of this Agreement, the Debtor owes the Creditor the amount of The
Unit that she/he brought to JRT Gadgets.
Property described as: Mobile Phones (iPhones).

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Service described as: Palwagan system.
3. REPAYMENT PLAN. To satisfy the Amount Owed, the Debtor agrees to repay the Creditor
under the following terms:
a) Down-Payment. The Debtor shall pay: (check one)
☐ - Down-Payment of 500 Peso.

☐ - No Down-Payment.
b) Repayment Period. The Debtor shall re-pay the Creditor on a: (check one)
☐ - Monthly basis beginning on 07/01/2024 in the amount of $3,210 to be paid on

the 30th of every month, ending on
04/30/2024, or when the Amount Owed is paid-in-full.
☐ - Bi-Weekly basis beginning on [MM/DD/YYYY], in the amount of $[AMOUNT] to
be paid every fourteen (14) days, ending on
[MM/DD/YYYY] or when the Amount Owed is paid-in-full.
☐ - Weekly basis beginning on [MM/DD/YYYY], in the amount of $[AMOUNT] to be
paid every seven (7) days ending on
[MM/DD/YYYY], or when the Amount Owed is paid-in-full.
☐ - Other. [DESCRIBE OTHER REPAYMENT PERIOD].
c) Payment Instructions. The Debtor is required to pay the Creditor under the following
instructions: 10 months to pay using your cash by sending at BDO, GCASH,
METROBANK and any automated paying machine or ATM.
4. LATE PAYMENT. Any partial or late payment under this Agreement shall: Allow the Debtor to
make payment within 30 days provided the Debtor pays a late fee of: 100-250 Peso (“Extension
Period”). If payment is not made within the Extension Period, this Agreement shall be in default.
5. CO-SIGNER. (check the appropriate box)
☐ - This Agreement shall not have a Co-Signer.
Page 1 of 2
☐ - This Agreement shall have a Co-Signer, known as [CO-SIGNER NAME] (“Co-Signer”)
and agrees to the liabilities and obligations on behalf of the Debtor under the terms of this
Agreement. If the Debtor does not make a payment, the Co-Signer shall be personally
responsible and therefore is guaranteeing payment of the principal, late fees, and all
accrued interest under the terms of this Agreement.
6. DEFAULT. If for any reason the Debtor should not oblige to any section or portion of this
Agreement, the Debtor shall be considered in default. Under such an event, the remaining
balance of the Amount Owed shall be due within five (5) business days with the Debtor liable to
pay all reasonable attorney's fees and costs of collection of the Creditor. In addition, the Creditor
may reclaim any property or goods in connection with the Amount Owed, hold and dispose of
the same, and collect expenses, together with any deficiency due from the Debtor, subject to the
Debtor's right to redeem said items pursuant to law.
7. GOVERNING LAW. This Agreement shall be governed by, and construed in accordance with,
the laws of the Republic of the Philippines.
8. SEVERABILITY. The unenforceability or invalidity of any clause in this Agreement shall not
have an impact on the enforceability or validity of any other clause. Any unenforceable or invalid
clause shall be regarded as removed from this Agreement to the extent of its unenforceability
and invalidity. Therefore, this Agreement shall be interpreted and enforced as if it did not contain
the said clause to the extent of its unenforceability and invalidity.
9. ADDITIONAL TERMS & CONDITIONS.
Before joining JRT Gadgets requires you to pay 500 pesos for your reservation fee
that will deduct soon to your payments. Late payments shall pay their extension fee of
100-250 Peso. Bogus or scammer will post their identity online. After getting your unit
you shall pay continuously until 10 months. No refund if you are willing to back out.
10. ENTIRE AGREEMENT. This Agreement contains all the terms agreed to by the Debtor and
Creditor relating to its subject matter, including any attachments or addendums. This
Agreement replaces all previous discussions, understandings, and oral agreements.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the undersigned
dates written below.
[07/01/2024]
Debtor’s Signature Date
CIARRA B. TULIAO
[07/01//2024]
Creditor’s Signature Date
RICHELLE S. BULAN
Page 2 of 2

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PAYMENT PLAN AGREEMENT

1. THE PARTIES. This Payment Plan Agreement (“Agreement”) dated

Debtor: CIARRA B. TULIAO, with a mailing address of PUROK 2, CENTRO POBLACION,

HEREINAFTER, the Debtor and Creditor (“Parties”) agrees to the following:

Property described as: Mobile Phones (iPhones).

a) Down-Payment. The Debtor shall pay: (check one)

☐ - Down-Payment of 500 Peso.

☐ - Monthly basis beginning on 07/01/2024 in the amount of $3,210 to be paid on

5. CO-SIGNER. (check the appropriate box)

☐ - This Agreement shall not have a Co-Signer.

9. ADDITIONAL TERMS & CONDITIONS.

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