Addendum To Promissory Note Template for Philippines

1. Recitals of Additional Circumstances: Used when there are specific circumstances or events necessitating the modification

2. Representations and Warranties: Include when new representations are needed due to material changes in terms

3. Security Provisions: Required if the modification affects any collateral or security arrangements

4. Tax Provisions: Include when modifications affect tax implications or responsibilities

5. Consent of Guarantors: Required if the original note has guarantors who need to consent to the modifications

6. Registration Requirements: Include if modifications require registration with government authorities

1. Schedule of Modified Payment Terms: Detailed breakdown of any modified payment schedules or amounts

2. Schedule of Additional Security: Description of any new or modified security arrangements

3. Appendix A - Copy of Original Note: Attached copy of the original promissory note being modified

4. Appendix B - Consent Documents: Any required third-party consents or approvals