No.

139156 C

PROMISSORY NOTE with ASSIGNMENT of ASSETS/ INVENTORIES/ RECEIVABLES

PN DATE : March 16, 2012

MATURITY : March 16, 2015

PN NO.: 9103-MT12-0124-009

For VALUE RECEIVED, SPS. ERLIN & MICHAEL JIMENA represented herein by its
_________________________ with residence/ office address at Ramos St., Pavia, Iloilo (the
“Borrower” and whenever appropriate, shall also be referred to herein as the “ Assignor”), hereby
promises to pay to the order of LAND BANK OF THE PHILIPPINES (the “Bank” and whenever
appropriate, shall also be referred to herein as the “Assignee”) at its principal office located at Land
Bank Plaza, 1598 M.H. Del Pilar cor. K. Quintos Sts., Malate, Manila, or at its baranch/unit Iloilo I.C,
LBP Bldg., Iznart St., Iloilo City without need of notice or demand, the principal sum of PHILIPPINE
PESOS: FIVE HUNDRED FOURTEEN THOUSAND FIVE HUNDRED PESOS (Php 514, 500.00)
(th “Loan/Line”), on 3/16/2015 and/or in the manner as follows:

Per amort. Schedule

Together with interest on the outstanding balance thereof at the following rate.

( x ) Fixed rate of Seven & 50/100 percent ( 7.5%) per annum payable in arrears.

( ) Rate of___________percent (______%) per annum for the current INTEREST PERIOD.

Interest Period shall mean the period commencing on the date of initial borrowing and
having a duration not exceeding _____________ (_________) days and each similar period
thereafter commencing upon the expiry of the immediately preceding Interest Period. The
rate of interest shall be set at the start of every Interest Period which shall be indicated in the
Statement of Account or other notices to be sent to the Borrower when sent to the address
given above.

( ) Plus other fees, as follows:

( ________ %)

( ________ %)

The Borrower hereby agrees that the rate of interest fixed herein may be increased or decreased if
during the term of the Loan/Line or in any renewal or extension or restructuring thereof, there are
changes in the interest rate prescribed by law or the Monetary Board of the Bangko Sentral ng Pilipinas
or there are charges in the Bank’s overall cost of funding/ maintaining the Loan/Line or intermediation
on account or as a result of any special reserve requirements, credit risk/ collateral business; exchange
rate fluctuations and changes in the financial market. The Borrower shall be notified of the increase or
decrease which shall take effect on the immediately succeeding installment or amortization payment
following such notice. Should there be a disagreement with the interest adjustment, the Borrower shall
so inform the Bank in writing and, within thirty days (30) days from receipt of the Bank’s notice of
interest adjustment, prepay the Loan/Line in full together with accrued interest and all other charges
which may be due thereon except for prepayment penalty. If the Borrower fails to prepay the
Loan/Line as herein provided, the Bank may, at its option, consider the Loan/Line as due and
demandable, unless advised by the Borrower that he/it is agreeable to the adjusted interest rate. If the
Borrower fails to respond to the notice within thirty (30) days from receipt thereof, the Bank shall
consider it as an agreement by the Borrower to the adjusted rate of interest.

In case the principal amount or the interest and other charges on the Loan/Line or any amount due
on their respective due date/s is/are not paid (including those that may be due by acceleration), the
Borrower shall be charged with a penalty/ies at the rate of __________________________
( _________%) ________________ to accrue from the day immediately after due date/s thereof. It is
understood that the basis for the computation of the penalty charges shall be the total amount due and
unpaid.

CLASS B

LOAN AGREEMENT

This Agreement made and executed on this 13th day of February 2012 in the City of Iloilo
Philippines by and between:

LAND BANK OF THE PHILIPPINES, a government financial institution duly created

and existing under and by virtue of the provision of R.A. 3844, as amended, with principal place
of office at 1598 M.H. del Pilar St. Cor. Quintos St., Malate, Manila and Branch office at Iloilo
Lending Center, Iznart-Solis Sts., Iloilo City, Philippines, represented in this Act by its Iloilo LO
Head, BM Jocelyn L. Amedia hereinafter referred to as the “LENDER”;

-and-

Sps. Michael & Erlis Jimena, Filipinos of legal ages and residents of Ramos,. Pavia,
Iloilo
 Hereinafter referred to as the “BORROWER”.

WITNESSETH:That -

WHEREAS, the BORROWER has applied with the LENDER for a Loan in the principal
amount of PESOS: FIVE HUNDRED TWENTY FOUR THOUSAND PESOS ( 524,000.00), (the
“Loan”), and the LENDER is agreeable to grant the same upon and subject to the terms and conditions
hereinafter provided, as well as those set forth in other related documents, all of which are acceptable
to the BORROWER.

NOW, THEREFORE, for and in consideration of the mutual covenants hereinafter mentioned
and provided for, the parties hereto have agreed, as they hereby agree, to enter into this Agreement (the
Agreement) subject to the following terms and conditions:

Section 1. Amount: The LENDER hereby grants the BORROWER a Loan in the principal
amount of PESOS: FIVE HUNDRED TWENTY FOUR THOUSAND PESOS ( 524,000.00),
Philippine Currency.

Section 2. Purpose: purchase of 20 units computers, 1 photocompier, 1 generator & 1

airconditioner.

Section 3. Term: The LOAN shall have a term of three years inclusive of three months
grace period on the principal (3) years from date of drawdown.

Section 4. Interest:

Rate :7.5% p.a. fixed for the duration of the loan

Repricing :__________________________________

___________________________________

___________________________________

___________________________________

Section 5. Other Fees and Charges: Other Charges Handling fee of 1%; commitment fee
waived unless imposed by xxxxx financing; pre-payment fee of 3% waived except in case of
take-out by other Gif; processing & appraisel fee of P4000.00; gross receipt tax & documentary
stamps to be paid by borrower.