OTHER TERMS AND CONDITIONS

PNB PERSONAL LOAN

1. Deposit Account. The Borrower shall open a Deposit Account with the Creditor not later than the execution of this Note, where the proceeds of the
financing shall be credited and where payments to this Note will be debited. The Borrower shall maintain sufficient balance on the Deposit Account
to fund the monthly installments and such other obligations of the Borrower under this Note.

For this purpose, the Borrower hereby irrevocably authorizes the Creditor to debit or withdraw funds from the Deposit Account for the payment of the
monthly installments and such other obligations under this Note. Alternatively, the Borrower may issue in favor of the Creditor Postdated Checks
drawable from the Deposit Account for payment of the monthly installments and such other obligations under this Note.

In the event of dishonor of check payments, the Borrower will be charged the Creditor’s prevailing bank fees for each returned or dishonored check
and such other applicable charges arising therefrom, and such dishonor of check/s corresponds to non-payment of the corresponding monthly
installment, and therefore, constitutes an Event of Default under this Note. The payment of the applicable bank fees and charges arising from the
dishonor check/s shall be without prejudice to the right of the Creditor to exercise its rights and remedies under this Note, unless the said unpaid
installment and relevant charges are immediately paid by the Borrower from date of dishonor of the check.

2. Covenants and Representations. The Borrower shall perform his/her covenants and undertakings provided for under this Note and the other
documents (the “Other Documents”) executed or contemplated hereby, as well as those that may hereafter be required by the Creditor. The Borrower
represents and warrants that: (a) his/her latest Income Tax Returns filed with the BIR and financial statements, as well as such other documents and
information given, and that those that may hereinafter be given to the Creditor, for and in connection with this Note, are true and correct in all material
respects; (b) there is no threatened or pending action or proceeding filed against the Borrower before any court or any jurisdiction, which if adversely
determined might materially or adversely affect the financial condition or the ability of the Borrower to discharge his/her obligations under this Note
and the Other Documents. Any material misrepresentation, falsity or omission to disclose material information on the part of the Borrower shall be
construed as an act to defraud the Creditor, and constitutes and Event of Default under this Note, subject to the rights and remedies of the Creditor
as provided hereunder.

3. Events of Default. Each of the following events shall constitute an Event of Default under this Note: (a) The Borrower fails to pay on due date any
amount that he/she is obligated to pay under this Note or his/her any other obligation to the Creditor or to any other creditor; (b) The Borrower violates
any provision or fails to perform any of his/her covenants or undertakings under this Note and the Other Documents; (c) Any representation or
warranty of the Borrower made or provided hereunder or under the Other Documents is shown to have been incorrect or misleading in any material
respect; (d) The Borrower admits in writing his/her inability to pay his/her debts; commits an act of bankruptcy or insolvency, files a petition for
suspension of payment or any action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law for the relief of,
or in relation to, debtors; or a petition is filed under any bankruptcy law against the Borrower, or a receiver or trustee is appointed to take possession
of the Borrower's property/ies; (e) The Borrower dies or becomes physically and mentally incapacitated, or a guardian/administrator is appointed over
his/her person or properties; (f) The Borrower has been charged with or convicted by final judgment of a case involving civil interdiction or moral
turpitude; or (g) Any event or circumstance has occurred which affects the business, properties, or the financial capability of the Borrower to pay
his/her obligations to the Creditor or any other creditor.

4. Consequences of Default. (a) Upon occurrence of an Event of Default under this Note, the Creditor may, without need of demand, protest or notice
of any kind, all of which are waived by the Borrower, declare the Borrower’s outstanding obligations under this Note, inclusive of the principal,
interests, penalties, and other charges thereon, to immediately become due, payable, and defaulted.

(b) Upon default by the Borrower under this Note, the Borrower hereby authorizes and irrevocably constitutes the Creditor as his/her attorney-in-fact
with full power and authority to inquire into and assert the Creditor’s lien or legal claim on the Borrower’s deposits, money market/trust placements,
and such other assets in the possession, custody or control of the Creditor and its branches, subsidiaries and affiliates, and to apply all or part thereof
to offset the obligations of the Borrower under this Note and the Other Documents. Pursuant to the authority granted to the Creditor, the Borrower
expressly authorizes the disclosure by the Creditor’s branches, subsidiaries and affiliates of any information related to the funds or properties of the
Borrower in their custody to the Creditor. The Borrower hereby ratifies and confirms all the acts and deeds as may be done or performed by the Creditor
pursuant to its authority, and in consideration of the Creditor acting in accordance with the instructions or authorizations, the Borrower hereby
irrevocably undertakes to indemnify the Creditor against all losses, claims, actions, demands, liabilities and such other costs and expenses incurred
or sustained by the Creditor in connection with the foregoing instructions or authorizations. If the proceeds of the foregoing assets and properties of
the Borrower are not sufficient to fully settle the outstanding obligations of the Borrower under this Note and the Other Documents, the Borrower shall
pay the deficiency upon demand by the Creditor.

(c) The Creditor is not precluded from availing other legal remedies in case the funds of the Borrower collected and received by the Creditor are not
sufficient to fully pay or settle his/her outstanding obligations under this Note. The rights and remedies provided herein shall be cumulative and may
be exercised singly or concurrently and shall not be exclusive of any right or remedy provided by law.

5. Acceptance of Payment after due date and from third party/ies. Acceptance by the Creditor of payment of any installment or any part thereof
after due date from the Borrower or third party/ies shall not be considered as extending the time of payment of any of the installments or as a
modification of any of the conditions hereof. Neither shall such acceptance of payments from any third party/ies by the Creditor establish an expressed
or implied contract between such third party/ies and the Creditor, nor shall such third party/ies be deemed to substitute or replace the Borrower nor
relieve him/her of his/her obligation to the Creditor.

6. Electronic Documents/Signatures. Pursuant to the Philippine Electronic Commerce Act of 2000 and other applicable laws and regulations, as may
be amended from time to time, the parties have the option to cause the execution of this Note and the Other Documents using the Electronic Signature
Platform of the Creditor. Upon the request and agreement of the Borrower, the Creditor is hereby authorized to accept, rely upon and act on
information, instruction or documents signed using the Electronic Signature Platform of the Creditor (collectively, “E-Documents”) it receives from the
Borrower in accordance with the information outlined in Annex "A" and hereby registered with the Creditor to enable the Borrower to enter into and
perform certain banking/financial transactions (the "Authorization"), subject to the following terms and conditions:

(a) Representations and Warranties. The Borrower represents and warrants to the Creditor on a continuing basis that: (i) The E-Documents
provided by the Borrower shall be complete, true and correct and the Creditor shall be entitled to rely thereon without liability; (ii) The Borrower
understands the nature and suitability of the types of transactions or accounts contemplated herein and has sufficient experience and sophistication
to assess the suitability of the E-Documents to implement its transactions with the Creditor; and (iii) All representations and warranties under the
relevant agreements, including, but not limited to, terms and conditions governing specific products and services, remain true and correct and will be
true and correct for transactions made pursuant to this Authorization.

(b) Implementation of E-Documents. The Creditor is authorized to accept, rely and act, without liability, on E-Documents received by it in
accordance with this Authorization, the Philippine Electronic Commerce Act of 2000 and other applicable laws and regulations, as may be amended
from time to time (collectively, “Applicable Law”). The Creditor reserves the right to require the Borrower to provide additional/ supporting documents,
to be contained or sent in a particular form; (ii) The Borrower acknowledges and agrees that the document activity log or “audit trail” between the
Borrower and the Creditor will be recorded and such log or trail shall reflect the actual time the E-Documents were created, sent, viewed, filled up, and

Terms and Conditions of PNB Personal Loan_October2023 Page 1 of 4

 signed, including the sending of the password to ensure the authenticity and reliability of the E-Documents; (iii) The Borrower understands that upon
complete

execution of the E-Documents, such will include a blue ribbon icon in the Signatures panel indicating a valid certifying signature and that there
has been no alterations or modifications on such document; (iv) The Creditor shall not be responsible or liable for any delay, non-performance or
failure to perform any or all transactions subject of an E-Document for reasons beyond its control including, without limitation, natural disasters,
epidemics, pandemics, system failure or system downtime, network or telecommunication failure, regulatory, government actions or self-regulatory
actions of the Creditor which may include the institution of its business continuity plans. The Creditor shall likewise not be responsible for any
special, indirect, incidental, exemplary or consequential damages, including but not limited to, lost profits or lost opportunities; (v) The Creditor may
at any time at its reasonable discretion refuse to implement or perform, in whole or in part, any transaction based on an E-Document without
incurring any responsibility or liability to the Borrower for losses, liabilities and expenses arising out of such refusal if, in the Creditor’s opinion, such
E-Document or underlying transaction will expose the Creditor to certain risks or liabilities; (vi) The Borrower acknowledges and agrees that the E-
Documents are equivalent to the original document and any and all transactions implemented pursuant thereto shall be conclusive and binding on
the Borrower; (vii) The Borrower acknowledges and understands the risks related to the execution of the E-Documents, including but not limited to
risks of forgery, falsification or those arising from fraud. In this connection, the Borrower agrees that is ultimately responsible therefore and bears the
consequences and risks of any and all transactions performed by the Creditor relative thereto. For this purpose, the Borrower warrants to the
Creditor that it has put in place appropriate security measures and other controls to prevent unauthorized access to, falsification of, or commission of
fraud on, the E-Documents; and (viii) Attached hereto as Annex “A” and forming part hereof are the names, designation, functions, electronic mail
addresses, mobile numbers of the Borrower’s authorized signatories and other persons designated to receive and perform certain actions towards
the completion of the E-Documents. It shall be the Borrower’s responsibility to immediately notify the Creditor of any changes to the information in
Annex “A” of this Authorization. In the absence of such notice, the Creditor shall continue to rely on the authority and designation of the persons
indicated therein.

(c) Indemnity and Right of Set-Off. In consideration of the Creditor’s acceptance of the Borrower’s E-Documents and this Authorization, the
Borrower agrees to indemnify and hold the Creditor and its outsourced service providers, their respective directors, officers, employees, representatives
and agents, free and harmless from, and against any liability for, costs, damages, claims, losses or dispute which may arise in connection with the
implementation of such E-Documents and this Authorization. In addition to any lien, right of set-off or other right which it may have, the Creditor shall
be entitled, at any time without notice to the Borrower, to set-off the indemnity herein given or any fees or costs owed to the Creditor in connection with
the E-Documents and this Authorization against the Borrower’s accounts, whether maintained in the Philippines or in foreign jurisdictions
notwithstanding that the deposit balances of such accounts and the Borrower’s liabilities may not be expressed in the same currency. Where applicable,
the Borrower authorizes the Creditor to undertake conversion of the currency at the Creditor’s prevailing rate of exchange.

7. Confidential Information and Data Privacy. (a) Confidential Information. Each party and its representatives shall maintain the confidentiality of all
information obtained from the other party and shall not make public, copy, utilize or otherwise disclose any such information without the prior written
consent of the other party. This undertaking shall not be applicable to: (i) information which is or becomes publicly available (other than as a result of
wrongful disclosure by a party under this agreement); (ii) information which is established to be available to a party to which such information was
disclosed prior to its disclosure by the other party; and (iii) information which becomes available to a party to which such information was disclosed
on a non-confidential basis from a source other than a party, and such source is under no obligation of confidentiality in relation thereto.

(b) Authorized Disclosures. The Borrower hereby agrees and consents to the disclosure of the information provided in relation to this Note and the
Other Documents. Furthermore, the Borrower hereby authorizes the Creditor or its duly authorized personnel, related companies and third party service
providers: (i) to verify with the Bureau of Internal Revenue, other relevant governmental authorities and third parties the authenticity of the income tax
returns and accompanying financial statements, and such other documents and information submitted and provided by the Borrower; (ii) to obtain
information about the Borrower, this Note, and the Other Documents, including information on their deposit accounts with the Creditor
(“Information”) and retain such Information as property of the Creditor; (iii) to disclose or share such Information to the Creditor’s assignee or
transferee of this Note; (iv) to disclose or share Information to the BAP-Credit Bureau, the Anti-Money Laundering Council, the Credit Information
Corporation, other credit information bureaus, the court, any foreign or local judicial, governmental or regulatory body; and (v) to use, process and
share information obtained from the Borrower, and third parties with any person or organization in connection with this Note and for the purpose of its
administration, including risk analysis and management; data processing, storage, backup and recovery; and anti-money laundering monitoring, review
and reporting. The Borrower shall indemnify and hold the Creditor, its directors, officers, employees, authorized representatives, related companies
and third party service providers, as well as the directors, officers, employees of its authorized representatives, related companies and third party
service providers free and harmless from any claim, damage or liability of whatever kind and nature that may arise in connection with the storage, use,
processing, verification, gathering, transfer, disclosure or sharing of any Information as provided herein. This authorization and consent shall be valid
and effective until the expiration of the retention limits set by laws and regulations.

(c) Data Privacy. Each party represents and warrants that, in respect of any personal information as defined under Republic Act No. 10173 or the
Data Privacy Act of 2012 and its implementing rules and regulations (the “Data Privacy Act”) and disclosed to the other party in connection with this
Note and the Other Documents, each party: (i) shall process the personal information solely pursuant to, and in accordance with, its obligations under
this Note and the Other Documents; and (ii) has complied with all the requirements of the Data Privacy Act, including, but not limited to, implementation
of appropriate organizational, physical, technical, electronic and other security measures for the protection of personal information and the adoption of
security incident or data breach management policies to provide framework for data breach response, mitigation, notification and other requirements.

(d) Notification. If a party is requested or required by any governmental authority or pursuant to any applicable law to disclose any confidential
information belonging to the other party, such party (to the extent permitted) shall immediately notify the other party of such request or requirement
for the other party to seek either a protective order or to otherwise protect the Information.

8. Revision of Terms and Conditions. The Creditor may, pursuant to changes in its policy or in the rules or regulations of the government regulatory
agencies, amend, revise or modify the terms and conditions hereof, subject to reasonable notice to, and conformity of, the Borrower; provided that, if
the parties fail to agree to any such amendment or revision, the Borrower shall immediately pre-terminate or prepay this Note.

9. Assignment. The Creditor reserves the right to sell, cede, transfer, assign, or set over to any person or entity its rights and interests and obligations
under this Note. On the other hand, the Borrower may transfer or assign any of his/her rights and obligations under this Note upon the prior written
consent of the Creditor. As used herein, the Creditor includes all holders, assignees, transferees, or successors-in-interest of this Note.

10. Joint and Solidary. Should this Note be signed by more than one Borrower, their liability shall be joint and solidary, and any one of them may, with
the consent of the Creditor, amend, renew or extend the original or subsequent maturity date thereof, or otherwise settle or restructure a portion or
whole amount of the principal obligation, without notice to, or consent of, the other Borrowers.

11. Non-Waiver of Right. No failure or delay on the part of the Creditor in exercising any right or power hereunder shall operate as a waiver thereof,
unless expressed in writing and signed by its duly authorized representative. Each right, power or privilege granted to the Creditor hereunder or under
any law or equity shall be cumulative and may be exercised from time to time.

12. Telephone Communications. In order for the Creditor to render prompt and accurate service, the Borrower hereby authorizes the Creditor to record
(without the Creditor being necessarily obligated to do so) any and all telephone conversations between the Borrower and the Creditor or its service
providers, such as but not limited to its Telemarketing Service Provider and Collection Service Provider, whether initiated by the Creditor, its service
providers, or by the Borrower, including without limitation, the Borrower's instructions, statements, complaints, inquiries and the Creditor’s advice and
reminders in relation to the Borrower's Personal Loan account. The Creditor may use these recordings as evidence in any judicial or administrative
proceeding arising from this Note. The Borrower likewise agrees that such taped or recorded instructions may be used by the Creditor or its service

Terms and Conditions of PNB Personal Loan_October2023 Page 2 of 4

 providers against the Borrower or any third party when replayed or communicated by the Borrower to such third party, without the prior written of
consent of the Creditor.

13. Customer Service. For inquiries, issues, concerns, or clarifications, including request for early settlement, the Borrower may call the Creditor’s
Customer Care hotline at (+632) 8573-8888, email at customercare@pnb.com.ph, or visit any Creditor’s Branches nationwide. The Creditor is a
banking institution and is regulated by Bangko Sentral ng Pilipinas (BSP) at https://www.bsp.gov.ph.

14. Notices. All documents, notices and correspondence of the Creditor relative to this Note shall be sent to the Borrower at his/her address herein or
at the address, including his/her email address, that may hereafter be given in writing by the Borrower to the Creditor, and the mere act of sending
any correspondence by mail, email or by personal delivery to the said address shall be valid and effective notice to the Borrower for all legal intents
and purposes, and the fact that any communication is not actually received by the Borrower or that it has been returned unclaimed to the Creditor, or
that no person was found at the address given, or that the address is fictitious or cannot be located, shall not excuse or relieve the Borrower from the
effects of such notice.

15. Attorney's Fees. Should the Creditor engage the services of a lawyer and/or institute legal action to enforce collection thereof, the Borrower jointly
and severally agrees to pay the Creditor, as and for reasonable attorney’s fees and expenses, the sum equivalent to twenty five percent (25%) of all
amounts due and outstanding under this Note, but in no case be less than P50,000.00, plus the additional sum equivalent to fifteen percent (15%) of
the total amount due which likewise shall not be less than P50,0000.00 as liquidated damages, in addition to the costs of the suit, collection expenses
and other charges allowed by law.

16. Governing Law and Venue of Action. This Note, the Disclosure Statement and the Other Terms and Conditions shall be governed by Philippine
laws. Any action, suit or proceeding arising under this Note or the Other Documents executed in connection herewith shall be instituted in the proper
courts of Makati City or Pasay City, to the exclusion of other courts.

17. Severability. If any provision of this Note or the Other Documents contemplated hereby shall be declared invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions thereof shall not in any way be affected or impaired.

APPLICABLE FEES AND CHARGES

Processing fee PHP 1,500 to be deducted from loan proceeds

PHP 1.50 for every PHP 200 approved loan amount or fraction thereof.
Documentary stamp tax Applicable for approved loan amount of PHP 250,000 and above – to be
deducted on loan proceeds

Late Payment fee PHP 500 or 5% of the overdue balance, whichever is higher

Early Settlement
PHP 500 or 5%, whichever is higher (computed based on the outstanding
Handling Fee/Service
balance)
Fee

Returned Post-dated
PHP 1,500
Check (PDC) Fee

PNB is regulated by the Bangko Sentral ng Pilipinas

https://www.bsp.gov.ph

Terms and Conditions of PNB Personal Loan_October2023 Page 3 of 4

 “ANNEX A”

Client Enrollment Form for Electronic Signature

Account Name: Date:

Electronic Electronic Electronic Initial Initial Initial

Official Email Mobile Position /
Name Roles Specimen Specimen Specimen Signature Signature Signature
Address Number Designation
Signature 1 Signature 2 Signature 3 1 2 3
1. Signer Upload image Please draw Please draw Upload Please Please
(Authorized of Wet signature here signature here image of draw draw
Signatory) Signature (via AdobeSign) (via Wet signature signature
2. Form Here AdobeSign) Signature here here
Filler Here (via (via
3. Acceptor AdobeSign) AdobeSign)
4. Approver
5. Certified
Recipient

Terms and Conditions of PNB Personal Loan_October2023 Page 4 of 4