PROMISSORY NOTE

&

AUTHORIZATION FOR VOLUNTARY PAYROLL DEDUCTION

This PROMISSORY NOTE (the "Agreement") made and executed this2024/12/24(PST), by and among:
NEW CROSS CREDIT AND FINANCING GATE PH, INC., a licensed financing company regulated by the Securities and
Exchange Commission ("SEC") and doing business with the registered trademark of "SAVii", with principal office at 12F
Armstrong Corporate Center, 134 HV Dela Costa St., Salcedo Village, Bel-Air, Makati City (as per SEC MC No. 6 s. 2016),
hereinafter referred to as "Lender";
-and-

Jaypee Yson Badayos/[email protected],FILIPINO of legal age,SINGLE, with residence at Block 31 Lot 8 Purok
Kabugwason Bacolod City, Negros Occidental 6100, hereinafter referred to as "Borrower";

FOR VALUED RECEIVED, the BORROWER promises to pay the LENDER, the Total Installment Payable, the sum of
Seventeen Thousand, Seven Hundred Pesos, Zero Cents/ Php17700.00, without the need of notice or demand in the
following manner:

Semi-Monthly Installment Php1475.0 inclusive of interest;

No. of Installments 12 commencing on 2025/01/10(PST)
Maturity Date: 2025/06/25(PST)
Purpose of Loan: MAJOR_PURCHASE
Total Installment Payable (principal + interest) has been calculated using an effective yield of 63.43% per annum.
The rate expressed as Stated Interest is equal to 3.00% per month (rounded to two decimal places).

1. SAVii Website Terms and Conditions.All parties agree that they have read and agreed to all the Terms &
Conditions, Privacy Policy and other materials available on www.savii.io.

2. Warranties and Representations.Borrower hereby represents and warrants to Lender as follows:

a. Borrower has provided accurate and truthful information in relation to the Agreement;
b. There is no legal case in progress or pending against the Borrower that may impair their ability to repay the
Loan;
c. Borrower may enter into and perform their obligations under the Agreement;
d. Borrower is not subject to any of the statuses or conditions under Section 11 herein ("Events of Default"); and
e. Borrower has thoroughly read and reviewed the terms and conditions of this Agreement and the other Loan
Documents and is familiar with the same, and Borrower has entered into this Agreement voluntarily, without
duress or undue influence of any kind.

3. Agreeing to the Promissory Agreement and Authorization for Voluntary Payroll Deduction.The Borrower
understands that by accepting the below terms and conditions and by affixing their electronic signature below they
agree with the Promissory Agreement and Authorization for Voluntary Payroll Deduction ("Authority to Deduct").
Under the Authority to Deduct and with the consent of the Employer, the Borrower authorizes the Employer to deduct
from their payroll for payment of the Loan and any related fees and charges. For the removal of doubt, the Borrower
acknowledges and understands that the Employer shall not receive any pecuniary benefit from its Authority to
Deduct.
The term "Employer" as used in this Agreement refers to the entity who, at the time this Agreement is executed, is
the current employer of the Borrower that is responsible for the payment of the monthly or bi-monthly salary of the
Borrower and possesses all the powers of an employer under the Labor Code of the Philippines, or to the entity or
entities which, after the Borrower shall have had their employment relationship terminated whether voluntarily or
involuntarily, shall thereafter become responsible for the payment of the monthly or bi-monthly salary of the Borrower
and possesses all the powers of an employer under the Labor Code of the Philippines. Provided, that both employers
as defined in this Section shall be an accredited employer partner of the Lender's Salary Loan Program.

Should the Employer presently or in the future be enrolled in Lender's Auto Debit Arrangement ("ADA") program,
Borrower authorizes Employer and Lender to effect the payroll deduction through the auto debit arrangement subject
to the applicable terms and conditions of the ADA program.

Borrower acknowledges that the payroll deduction is made in consideration for the extension of credit during the term
of the Loan, and that such payments are voluntary in nature, as allowed under applicable rules and regulations, and
which Borrower fully authorizes with full knowledge of their rights under the law, the implications of which they are
aware of or have been made known to them.

4. Electronic Signatures.This Agreement may be executed and delivered by electronic means and upon such delivery,
the electronic signature will be deemed to have the same effect as if the original signature had been delivered to the
other party. It is understood that the Borrower can access this Agreement and details of the Loan on their online
account.

5. Purpose.The Loan shall be used only for the purpose approved by the Lender.

6. Loan Release.The Loan shall be released to the Borrower through bank transfer to the Borrower's designated bank
account. No release under the Loan shall be made unless the Borrower complies with all the conditions required by
the Lender and the provisions of this Agreement. The Lender shall rely on the bank account information provided by
the Borrower and shall not be liable for any consequences resulting from incorrect bank information supplied by fault
 or mistake by the Borrower. The Borrower's receipt of the Loan proceeds, or any portion thereof, shall signify their
Agreement to all the terms and conditions of the Agreement.

7. Authorization for Voluntary Payroll Deduction (Authority to Deduct).For this purpose, the Borrower hereby
authorizes their Employer and/or its Human Resources, Administrative, Accounting, or Finance departments to deduct
their wages, salaries and employment benefits, as defined under the Labor Code of the Philippines, as amended, and
related regulations issued by the Department of Labor and Employment, and remit the same to the Lender as
payment of the Loan. It is understood and agreed that this Agreement shall constitute the Authorization for Voluntary
Payroll Deduction by the Borrower in favor of the Employer as required by applicable rules and regulations. Both
Lender and Borrower agree that except for the authorization granted to the Employer under this Section, the
Employer shall not act as guarantor, nor assume any liability or responsibility for the loans granted by the Lender to
the Borrower, and shall have no participation or involvement in any disputes that may arise from or in connection with
this Agreement. For the avoidance of any doubt, the Employer is not a party to this Agreement between Lender and
Borrower.

8. Fulfillment of Obligation.The Borrower will duly observe and perform all material obligations and undertakings on
their part to be observed and performed under or in connection with their Loan, will duly observe and perform all
material provisions, covenants and other agreements required to be observed by them under this Agreement, and will
do nothing to impair the rights and interest of the Lender.

In the event the Employer is unable to perform payroll deduction, the Borrower, upon written notice to the Lender,
may remit payment to the Lender directly through authorized payment facilities.
The conditions of Article 1250 of the Civil Code (Republic Act No. 386) which reads: "In case an extraordinary inflation
or deflation of the currency stipulated should supervene, the value of the currency at the time of establishment of the
obligation shall be the basis of payment," will not apply.

9. Fees and Charges.The Borrower agrees to all Lender fees and charges, provided they are made known to the
Borrower prior to the signing of this Agreement, or the Borrower's prior consent to pay such fees and charges has
been obtained before such fees and charges are effective and payable. The Borrower shall, for their own account, pay
all reasonable costs, charges, fees, and/or expenses incurred in connection with the release of the Loan, and any
other documentation required thereunder and/or any amendment of the Agreement, which total reasonable costs,
charges, fees, and/or expenses may include a service fee, a processing fee, documentary stamp tax, and other legal
fees. All applicable fees, charges, and/or interests on the Loan shall be indicated in the Dashboard which is available
at the Lender's website and platforms. Any payment made by the Borrower to the Lender shall be applied in the
following order:
a. against reasonable costs, expenses and indemnities due hereunder, if any;
b. against service fees;
c. against the principal amount of the Loan then due and payable;
d. against the late payment fee/s, if any.

10. Assignment.In the event of Separation the Borrower is deemed to have automatically assigned, transferred,
conveyed, and set over unto the Lender, its successors and/or assigns, their salaries and wages, and all benefits
arising from or accruing to the Borrower's Employment at Ubiquity Global Services - Bacolod, including the Borrower's
separation, retirement benefit, convertible vacation leaves, and other benefits that may be collected from the
Employer (hereafter "Salaries and Employment Benefits"), and remitted to the Lender as payment of the Loan and its
corresponding costs, fees, and penalties, if any. "Separation" shall include resignation, abandonment of position
("AWOL"), termination, retirement, death, or any other circumstance of separation from employment, whether
voluntarily or involuntarily.
The entire proceeds of the Borrower's Salaries and Employment Benefits are transferred to the Lender so much
thereof as will be sufficient to pay all obligations in connection with said Loan it being understood that the Lender
acquires full and absolute ownership over said amount and total control thereof immediately upon non-payment of
the Loan or any obligation arising from it and in accordance with the terms of this Agreement, and may at any time in
its discretion collect and hold the same and/or immediately charge the amount aforestated against the Salaries and
Employment Benefits herein assigned, without the necessity of any further notice, making the corresponding entry or
entries in its books. Should the Employer be enrolled in Lender's ADA program, Employer likewise acknowledges and
authorizes Lender to effect such deduction through the ADA. It is further understood that this assignment shall be
continuing and shall stand as a security of the Loan, its renewals or extensions, the interests, penalties, and fees due
thereon and expenses incurred, as well as any and all other obligations to the Lender, of whatever kind and nature,
whether absolute or contingent, direct or indirect, principal or secondary, as appear in the accounts, books and
records of the Lender now or at any time after the date of this Agreement.

The Borrower hereby certifies and guarantees that they have the legal right and authority to enter into this
Agreement, that they have not heretofore assigned or otherwise disposed of the aforesaid Salaries and Employment
Benefits and that there is no order, garnishment, attachments or liens outstanding affecting the same in any way.

11. Events of Default.Upon separation from employment, or the happening of any of the following circumstances
accompanied by a declaration of default, the Lender may at its option, accelerate the maturity of this Agreement and
the entire outstanding amount of this Agreement shall automatically become due and payable without demand or
notice, or if the Agreement is denominated in a foreign currency, automatically redenominate the currency of the
Agreement into Philippine currency, likewise without further notice:
a. Any interest or installment is not paid on the due date;
b. The Borrower dies or becomes insolvent (i.e., could no longer pay the undersigned Borrower's obligations as they
fall due) or any proceeding for dissolution, insolvency, suspension of payment, receivership, voting trust,
foreclosure, attachment, garnishment, execution or similar act, is filed or commenced against the undersigned
Borrower;
c. In case of conviction for a criminal offense with final judgment carrying with it the penalty of civil interdiction
affecting the finances of the undersigned Borrower;
d. In case of Separation from employment of the Borrower from their employer as defined in Section 10;
e. In case where payroll deductions are continued with a new employer over the remaining balance of the Loan as
provided in Section 15 hereof, where the Borrower's new employment does not materialize;
f. The Borrower breaches its obligations of payment, when due;
g. Proceedings are taken against the Borrower or their property, or a criminal case is conducted against the
 Borrower, which in the opinion of the Lender, may have a significant adverse effect on the Borrower's ability to
perform their obligations under this Agreement;
h. The Borrower commits or threatens to commit a breach of any of the terms and conditions of the Agreement;
i. If the Borrower does not agree to be bound by any revisions, changes or updates by the Lender to the terms and
conditions of this Agreement;
j. The Borrower losses capacity for civil acts;
k. Any of the Borrower's declaration or representation set out in this Agreement relating to the Loan, as varied from
time to time, is or becomes untrue;
l. If any governmental authority condemns, nationalizes, seizes or otherwise expropriates, or seals, blocks or
freezes, or uses for public purposes or for the purposes of national defense or security and other similar special
circumstances, all or any substantial part of the property or other assets of the Borrower;
m. If any provision of this Agreement is declared by any governmental authority or court to be, ineffective, invalid,
illegal or void, in whole or in part, subject to Section 29 herein;
n. If a court of competent jurisdiction issues a judgment or decision against the Borrower or an arbitration body of
competent jurisdiction issues an award against the Borrower; or
o. An event occurs or circumstances arise which gives the Lender reasonable grounds to believe that the Borrower
may not be able to perform or comply with any obligations.

12. Separation from Employment.Because repayment of the Loan is by way of salary deductions, the Borrower has
the obligation to inform the Lender of any instance of Separation, as defined in Section 10, as soon as reasonably
possible, and of the company name of their subsequent Employer/s. The Borrower agrees to update their Employer
information with every subsequent Employer until completion of their Loan payment.

13. Remedies for Collection and Assignment and Sale of Debt.That in the event of delinquency or default, the
Lender may endorse the delinquent account to its accredited collection agency/agent, or from one accredited
agency/agent to another for collection and/or for filing of legal action. The Lender may assign, transfer and convey
any or all of its rights and interest over this Agreement without the consent of the Borrower.

14. Effects of Default.If the Borrower is in default, such default shall have the following effects, alternative, concurrent
and cumulative with each other:
a. All outstanding Loan obligations of the Borrower with the Lender, including all unpaid applicable fees, charges,
and/or interests, shall automatically become due and payable without the need of notice, demand, or protest of
any kind, all of which are herein expressly waived by the Borrower. The Borrower may opt to continue their
monthly amortization without changing the terms and conditions of payment by issuing Post-Dated Checks
subject however to the approval of the Lender which decision shall be final and unappealable.
b. The undersigned Borrower shall pay, in addition to the stipulated interest, a penalty fee equivalent to five
percent (5%) of the past due amount or FIVE HUNDRED PESOS (PhP500.00), whichever is higher, per repayment
schedule on all past due amounts until fully paid, upon declaration of default.
c. The undersigned Borrower shall also pay, as and for the legal fees and/or collection fees, a sum equivalent to
thirty percent (30%) of the total amount due under this Agreement but in no case less than TEN THOUSAND
PESOS (PhP10,000.00), plus expenses and costs of collection, in case this Agreement is placed in the hands of an
attorney and/or collection agency for collection.
d. The Lender shall be entitled to apply in payment of the outstanding obligations any and all money/properties of
the Borrower, which for any reason, are presently or may hereafter come into the possession of the Lender. For
this purpose, the Borrower hereby authorizes and empowers the Lender, at any time, without notice, to set off or
apply to the payment of any amount due under this Agreement and/or any other obligation of the Borrower,
whether as principal or secondary obligor, to the Lender, irrespective of the date of maturity, whether or not the
obligation is then due, any or all monies, securities and things of value which are now or which may hereafter be
in the credit of or belonging to the Borrower, and the Lender is hereby further authorized and empowered to sell
at public or private sale such securities or things of value and to apply the proceeds thereof to such payment.
e. The Lender shall have the right to exercise, alternatively, concurrently and cumulatively, all other rights and
remedies now or hereafter available to it under the applicable law and take such action and exercise such
remedies in order to protect and enforce its rights under the Agreement; and the applicable fees, charges,
and/or interests on the Loan, as indicated in this Agreement, shall continue to run until full payment of the Loan,
including all fees, charges, and/or interests, have been paid.
f. Should the Borrower default in obligations with the Lender, the Lender is authorized to report, which report shall
be based on factual details and information within the possession of the Lender, such default and the reason
therefor to any central monitoring entity or body established by the government or any private entity to record
and monitor the mishandled loans of its member Lenders. The Lender, its officers, and employees will be free
and harmless from any and all liabilities, claims, and demands of whatever kind or nature in connection with or
arising from reporting of the default and the reason therefor.
g. The rights available to the Lender under the Agreement may be exercised by the Lender alternatively,
successively, concurrently, and/or cumulatively, at the option of the Lender

15. Loan Porting.In the event that the Borrower is separated from employment from the Employer without completing
full payment of the Loan, and is subsequently employed by a new employer that is likewise a Salary Loan Program
partner of the Lender, as defined in Section 3, the Borrower agrees that Lender may exercise the option to declare
the Borrower in default and collect the remaining Loan balance plus penalties and interest, or to continue payroll
deductions over the remaining balance of the Loan with the new employer.

16. Disclosure of Information.The Borrower consents and agrees that the Lender and any of its branches, subsidiaries,
and affiliates ("Affiliates") may acquire, process, and retain any information relating to this Agreement and its
incidental transactions, and share, transfer, disclose, communicate and exchange this information to persons other
than the Lender or its Affiliates for approval of the Loan application and transactions, references, referrals, cross-
selling, customer satisfaction surveys, marketing, research, and other products and services.

The Lender, its Affiliates, agents and representatives, and third parties selected by any of them, wherever situated,
may transfer, disclose, communicate and exchange Borrower's information as may be required by law, regulation,
court, regulator, or legal purpose, whether within or outside the Philippines, for the fulfillment of the obligations under
 this Agreement, including but not limited to credit information companies, credit bureaus, financial institutions,
banking and credit industry associations, credit protection provider or guarantee institutions, brokers, payment
schemes, insurers, and underwriters (collectively "Credit Entities"); to any judicial, governmental, regulatory or
supervisory body of the Philippines including reporting under the Foreign Account Tax Compliance Act ("FATCA"); to
representative, agents or service providers outsourced by Lender, whether within or outside the Philippines, to
perform data processing, collection, consolidation, storage and other services in fulfilling the obligations contained in
this Agreement; and to such other persons or entities that Lender or the Credit Entities, or the representative,
affiliates, agents or service providers outsourced by Lender may engage with to fulfill any or all services related to
this Agreement.

17. Fortuitous Event.For the purpose of this Agreement, a "Fortuitous Event" means any circumstance not within the
reasonable control of the Party affected, but only if and to the extent that (i) such circumstance, despite the exercise
of reasonable diligence, cannot be, or be caused to be, prevented, avoided or removed by such Party, and (ii) such
circumstance materially and adversely affects the ability of the Party to perform its obligations under this Agreement,
and such Party has taken all reasonable precautions, due care and reasonable alternative measures in order to avoid
the effect of such event on the Party's ability to perform its obligations under this Agreement and to mitigate the
consequences thereof. The affected Party shall give notice immediately to the other Party in the event of a Fortuitous
Event and shall use best efforts to resume performance. Borrower suffers the loss even if caused exclusively by a
Fortuitous Event and is not, therefore, discharged from their obligations under this Agreement. As a relief for a
Fortuitous Event, the Borrower is given a thirty (30)-day grace period for the payment of all loans, falling due within
the period of the Fortuitous Event without incurring interests, penalties, fees, or other charges. A borrower with
multiple loans shall likewise be given the minimum thirty (30)-day period for every loan.

18. Data Privacy, Data Processing and Sharing Consent.The Borrower hereby explicitly consents, authorizes,
allows, and permits their information to be processed by the Lender and its Affiliates, provided the same is for a
legitimate business purpose, to the extent necessary to secure fulfillment of the obligation under this Agreement, and
that the processing is in full compliance with the Philippine Data Privacy Act of 2012 and its Implementing Rules and
Regulations (collectively "Data Privacy Act").

The following personal information may be processed and shared between the Lender and the Employer:
a. Employee ID Number
b. Date of Hire
c. End of contract date
d. Employment Status
e. Loan Number
f. Full Name
g. Monthly amortization

Provided that nothing in this Agreement is to be deemed as a waiver by the Borrower, without limitation as to any
rights that competent authority may thereafter determine, of any the following rights under the Data Privacy Act:
a. Right to Information
b. Right to Object
c. Right to Access
d. Rectification
e. Right to Erasure or Blocking
f. Right to Damages
g. Right to Data Portability
h. Right to file a Complaint

19. Extensions/Renewals of the Agreement.No extension or renewal of this Agreement shall be valid and binding
unless approved in writing by the authorized officer/s of the Lender and as agreed to by the undersigned Borrower in
accordance with the policies of the Lender. Any such renewals or extensions shall in no case be understood as a
novation of this Agreement or any provision hereof, and the undersigned Borrower shall continue to be liable for the
payment of the Agreement.

20. Cooling-off Period, Prepayment and Pre-termination Fee.The period of time given forms part of the
consideration of this Agreement. However, the Borrower is entitled to cancel the Loan within three business days from
the first date of disbursement of Loan proceeds. This shall be referred to as the "Cooling-off Period". During this
period, should the Borrower decide to return the full amount received from the Lender, no interest or penalty will be
charged, but service and processing fees may apply.

Beyond this Cooling-off Period, should the Borrower prepay the Loan prior to maturity date, the Borrower agrees to
pay the outstanding balance plus any unpaid interest, an early settlement fee which is 5.00% of the outstanding
balance or FIVE HUNDRED PESOS (PhP500.00), whichever is higher, and other costs which may be incurred in
connection thereof.

21. Consent to Electronic Transactions and Disclosures. As the Lender only operates online, it is necessary for the
Borrower to consent to transact business with the Lender online and electronically. By entering into this Agreement,
the Borrower consents to receive electronically all documents, communications, notices, contracts and Agreements
arising from or relating in any way to their or the Lender's rights, obligations or services under this Agreement (each,
an "Electronic Disclosure"). This Agreement informs the Borrower of the Borrower's rights concerning Disclosures and
Electronic Transactions and Disclosures. The Borrower's consent to electronic delivery will apply to all future tax
informational returns and forms unless consent is withdrawn. For more details, please refer to the Lender's Terms and
Conditions at www.savii.io and/or the applicable mobile application.

22. Changes to Terms and Conditions. The terms and conditions of this Agreement may be revised, changed or
updated by the Lender from time to time with prior notice to the Borrower. If the Borrower does not agree to be
bound by any revisions, changes or updates by the Lender to the terms and conditions of this Agreement, Section 11
shall apply.

23. Waivers.In case of judicial execution of the Borrower's obligation hereunder, the rights of the Borrower under Rule
39, Section 13 of the Rules of Court are hereby waived. The Borrower hereby waives their right under Article 1252 of
the Civil Code of the Philippines (Republic Act No. 386) to designate the application of their payments and hereby
irrevocably authorizes the Lender to apply any of the Borrower's accounts that may have been or may hereafter be
 granted any payment to be made by the Borrower for and in their behalf, regardless of the Borrower's instructions to
the contrary and regardless of whether one account is more onerous than the others or one or all accounts due or not.

24. No Implied Waivers.No failure, omission or delay on the part of the Lender in exercising any right or power
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power
preclude any other or further exercise thereof or the exercise of any other right or power hereunder. No modification
or waiver of any provision of this Agreement and no consent to any departure by a Party therefrom, shall any event
be effective unless the same be mutually agreed by the Parties in writing, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. No notice or demand on the Borrower, in
any case, shall entitle it to any other or further notice or demand in similar or other circumstances.

25. Taxes.Any and all taxes, charges, or assessments of whatever kind of nature, except those which by law pertain to
the Lender, to which this Agreement, at any time or in the future may be subject, shall be for the sole and exclusive
account of the Borrower.

26. Right to Assign.The Lender may assign, transfer and convey any or all of its rights and interest over this Agreement
without the consent of the Borrower.

27. Lender Records as Evidence.The books of the Lender shall be final and conclusive evidence concerning the
amount due and owing to it from the Borrower under this Agreement, in the absence of material error, gross
negligence, or fraud.

28. Venue.Any court action arising under or by virtue of this Agreement shall be instituted in the proper court of Makati
City, to the exclusion of all other courts. By its signature hereunder, the Parties irrevocably submit to such venue.

29. Separability Clause.If any provision of this Agreement is deemed to be invalid or unenforceable or is prohibited by
the laws of the Philippines, this Agreement shall be considered divisible as to such provisions and shall be inoperative
and shall not be part of the consideration moving from either party to the other. The remaining provisions of this
Agreement, however, shall be valid and binding.

30. Waiver and Quitclaim.The Borrower accordingly releases and frees the Lender from any losses or liabilities that
may arise from any acts under this Agreement or committed in furtherance thereof.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

Jaypee Yson Badayos

The signatory above agreed on this contract dated2024/12/24Philippine Standard Time.

 NEW CROSS CREDIT GATE PH INC
SAVii

DISCLOSURE STATEMENT ON LOAN TRANSACTION

(As Required under R.A. 3765, Truth in Lending Act)

Execution Date:2024/12/24
Loan Number:SAVII/PHL/LNA/2024/12/1958533
Promissory Agreement Number:SAVII/PHL/LNA/2024/12/1958533
Disclosure Statement Number:SAVII/PHL/LNA/2024/12/1958533

Name of borrower:Jaypee Yson Badayos

Date of Birth:2000/04/15

Issued Date:2024/12/24
Maturity Date:2025/06/25

1. LOAN GRANTED (Amount to be finance): Php15000.0

2. FINANCE CHARGES:
a. Loan Service Fee: Php1125.0
b. Bank Fee: Php95
c. Others (Specify): Instapay Charges (Php25.00 per Php50,000 Net Proceeds Disbursed)

3. OTHERS:
a. Refinancing Balance if any: Php0.0
b. Others (Specify):

4. Total Deductions: Php1220.00

5. NET PROCEEDS OF LOAN: Php13780.00

6. INTEREST RATE:
a. Effective Yield: 63.43%
b. Stated Interest: 3.00% per month
c. Total Interest: Php2700.00for the life of the Loan (Php15000.0)
d. Annualized Interest: 36.00%
e. Effective Interest Rate: 158.62%

7. SCHEDULE OF PAYMENT
a. Total Installment Payable (principal + interest): Php17700.00
b. Number of payments 12 in Semi-Monthly mode of payments Php1475.0
c. Commencing on 2025/01/10 with maturity date 2025/06/25

8. ADDITIONAL CHARGES IN CASE CERTAIN STIPULATIONS ARE NOT MET BY THE BORROWER
Nature Rate
a. Pre-termination Fee 5% or Php500 whichever is higher PLUS outstanding balance (principal + interest)
b. Late Payment Fee 5% or Php500 whichever is higher per repayment schedule
c. Legal & Collection Fees 30% or Php10,000 whichever is higher of total amount due

9. TOTAL OUTSTANDING BALANCE:

a. As of 2024/12/24
b. Total Installment Payable (principal + interest): Php17700.00

10. PURPOSE OF LOAN: MAJOR_PURCHASE

1. Unless otherwise specified on the face hereof, all amounts resulting from any calculation indicated on this
Promissory Agreement will be rounded to the nearest two decimal points. Any potential over or underpayment
resulting from such rounding will be duly adjusted and reflected in the final payment due.
2. Amortization schedule as provided assumes that there is no delay in disbursement of Loan proceeds. The first
amortization deduction shall be the succeeding payroll date after actual disbursement of Loan proceeds through the
Borrower's nominated disbursement method, or on the next succeeding payroll period date as may be required by
administrative processes or other cause. In no instance shall amortizations commence prior to actual disbursement.
Any delay in disbursement may cause a corresponding change to the Maturity Date.
3. In case of refinancing of a prior loan, amortizations already deducted by the Employer but not yet remitted to the
Lender as of the time of approval of the refinancing application will correspondingly reduce the outstanding balance
of the refinanced loan, but this will not alter the set amortization amount and schedule. Consequently, this may lead
to a decreased number of amortization payments and/or a diminished amount in the final payment.