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PREAPV137468 20230915-Approved Fund Transfer - EG Healthcare, Inc. (Head Office)

This promissory note is for a PHP 15 million loan from First Commercial Bank to EG Healthcare, Inc. dated September 20, 2023. The loan matures on October 20, 2023. EG Healthcare unconditionally promises to pay the principal and interest in the manner specified in the credit agreement. The interest rate and payment terms are in the attached amortization schedule. EG Healthcare acknowledges receiving disclosures on the loan terms and conditions prior to signing.

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Eniger Caspe
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34 views5 pages

PREAPV137468 20230915-Approved Fund Transfer - EG Healthcare, Inc. (Head Office)

This promissory note is for a PHP 15 million loan from First Commercial Bank to EG Healthcare, Inc. dated September 20, 2023. The loan matures on October 20, 2023. EG Healthcare unconditionally promises to pay the principal and interest in the manner specified in the credit agreement. The interest rate and payment terms are in the attached amortization schedule. EG Healthcare acknowledges receiving disclosures on the loan terms and conditions prior to signing.

Uploaded by

Eniger Caspe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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0000000026

September 20, 2023


EG HEATHCARE, INC. 15,000,000.00
FIFTEEN MILLION PESOS ONLY-
PROMISSORY NOTE

Amount: PHP 15,000,000.00


________________ ___ September 20, 2023
Effective date: _________________
Reference No: ____________________ October 20, 2023
Maturity date: _________________

FOR VALUE RECEIVED, EG Healthcare, Inc. (the “Borrower”), a corporation duly organized and existing under and
by virtue of the laws of the Republic of the Philippines, unconditionally promises to pay to the order of FIRST
COMMERCIAL BANK, LTD., MANILA BRANCH (hereafter referred to as “Lender”), the sum of ___________
Fifteen Million pesos only
___________________________________________ payable in the manner and on the relevant payment dates
2023-0011 dated _June
specified in the Credit Line Agreement / Loan Agreement No._2022-0006_ July 12,
16,2023.
2022.

The Borrower further promises to pay to the Lender interest on the unpaid principal amount of the Note at the rate and
in the manner specified in the Agreement, including, as applicable any default interest and penalties set forth in the
Agreement.

THIS NOTE IS ONE OF THE NOTES REFERRED TO IN AND IS ENTITLED TO ALL THE BENEFITS, AND
SUBJECT TO THE TERMS AND CONDITIONS OF THE AGREEMENT. IN CASE OF CONFLICT BETWEEN THE
PROVISIONS OF THIS NOTE AND THE AGREEMENT, THE PROVISIONS OF THE LATTER SHALL PREVAIL.
THIS NOTE SHALL NOT BE NEGOTIATED, NOR TRANSFERRED EXCEPT IN ACCORDANCE WITH THE
AGREEMENT.
ANY TRANSFER OR ASSIGNMENT OF THIS NOTE IN VIOLATION OF THE FOREGOING CONDITIONS SHALL
BE VOID.
In case an Event of Default shall occur, the principal of and the accrued interest on this Note may, by written notice to
the Borrower, be declared immediately due and payable in the manner and with the effect provided in the Agreement,
presentment, demand, protest or further notice of any kind being expressly waived by the Borrower.

This Note shall be governed by and construed in accordance with the laws of the Philippines.

Unless otherwise defined herein, or the context otherwise requires, defined terms used herein shall have the same
meanings given to them in the Agreement.

Borrower

TSUNG-JEN PAN / CHENG-HSIAO CHOU


______________________________
Name of Authorized Signatory/ies:

Signed in the presence of: _______________________

1
FIRST COMMERCIAL BANK, LTD., MANILA BRANCH

DISCLOSURE STATEMENT ON LOAN TRANSACTION


(As Required under R.A. No. 3765, Truth in Lending Act)

NAME OF BORROWER: EG HEALTHCARE, INC.

ADDRESS: 14 F. Ramon Magsaysay Center, 1680 Roxas Blvd., Ermita, Manila, Philippines

1. CREDIT TRANSACTION AMOUNT (A) __________________________________ PHP 15,000,000.00


(___________________)

2. FINANCE CHARGES: Deductions Deducted From


From Proceeds of Loan _________________
Interest subject to: %p.a. from P________________ P_______________
Floating
Simple Payable Monthly
Repricing Quarterly
Compound Semi-Annual
Annual
a. Non-interest charges ______________________ ________________
b. Commitment Fee ______________________ ________________
c. Guarantee Fee ______________________ ________________
d. Other charges incidental to the extension
of credit (Specify) ______________________ ________________
__________________________________________________ ______________________ ________________
Total Finance Charges (B) P P

3. NON-FINANCE CHARGES:
a. Documentary/Science Stamps: ______________________ ________________
b. Fire Insurance Premium ______________________ ________________
c. Mortgage Redemption Insurance (MRI) Premium ______________________ ________________
d. Processing Fee ______________________ ________________
e. Appraisal Fee ______________________ ________________
f. Notarial Fee ______________________ ________________
g. Mortgage Registration Fee/Chattel Fee ______________________ ________________
h. Science Stamps ______________________ ________________
i. Others (Specify) ______________________ ________________
__________________________________________________ ______________________ ________________
Total Non-Finance Charges (C) P P

4. TOTAL DEDUCTIONS (B PLUS C) P____________________ ________________

5. NET PROCEEDS OF THE LOAN P____________________


6. EFFECTIVE INTEREST RATE %
The effective interest rate is higher than the contractual interest rate of %
because of Item 4 deductions above.
7. SCHEDULE OF PAYMENT
October 20, 2023
a. Single payment due on _____________________________
b. Installment Payments (Please see attached amortization schedule)

Note:

8. CONDITIONAL CHARGES THAT MAY BE IMPOSED (if applicable). Please specify manner of
imposition:
a. Late Charge ____________
b. Prepayment (penalty/refund) ____________
c. Others (Specify) ____________

CERTIFIED CORRECT:

Fung, Yuan-Fu AVP & Deputy Manager


(Signature of Creditor/Authorized Position
Representative Over Printed Name)

2
I ACKNOWLEDGE RECEIPT OF A COPY OF THIS STATEMENT PRIOR TO THE CONSUMMATION
OF THE CREDIT TRANSACTION AND THAT I UNDERSTAND AND FULLY AGREE TO THE TERMS AND
CONDITIONS THEREOF.

TSUNG-JEN PAN / CHENG-HSIAO CHOU September 20, 2023


(Signature of Borrower over Printed name) Date

NOTICE TO THE BORROWER:


YOU ARE ENTITLED TO A COPY OF THIS PAPER WHICH YOU SHALL SIGN

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