MORNBFI Vol. 1 - Planters Development Bank

APP. Q-608.12.31TERMS AND CONDITIONS OF A PROMISSORY NOTE1. Computation of YieldInterest is hereby stipulated/computed at % per annum, compounded( ) monthly ( ) quarterly ( ) semi-annually ( ) others.2. No PreterminationThis promissory note shall not be honored or paid by the issuer/maker before the maturitydate indicated on the face hereof.3. Liquidated DamagesIn case of default, issuer/maker shall pay, in addition to stipulated interest, liquidateddamages of (Amount or %) , plus attorney's fees of (Amount or %) and costsof collection in case of suit.4. Renewal( ) No automatic renewal.( ) Automatic renewal under the following terms:5. Collateral/Delivery( ) No collateral( ) Collateral/secured by (describe collateral)( ) Physically delivered to Payee( ) Evidenced by Custodian Receipt No. datedissued by( ) Collateralized/secured by (fraction or %)share of (describe collateral) as evidencedby Custodian Receipt No.datedissued by .6. Substitution of Securities( ) Not acceptable to Payee( ) Acceptable to Payee, however, actual substitution shall be with prior written consentof payee.7. Separate Stipulations( ) This Agreement is subject to the terms and conditions of(describe document)datedexecuted by (name of party/ies) andmade an integral part hereof.Q RegulationsAppendix Q-6 - Page 2Manual of Regulations for Non-Bank Financial Institutions