I, Orlando P. Bloom, hereby promise to pay Sparrows Training Center the monthly amount of P10,167.00 for 24 months as installment for 1 unit Nissan Patrol Super Safari with plate no. ZYZ 1234.
The said vehicle shall be transferred to my name after completion of 24 months payment.
I also undertake to pay the insurance premium and maintenance of the vehicle. Furthermore, I undertake to free Sparrows Training Center from any legal suit arising from any use of the said vehicle.