SAMPLE PENALTY COMPUTATION

AMOUNT TO BE
CHARGED WITH PENALTY NO. OF NO. OF
PENALTY RATE DAYS DAYS/365
INCLUSIVE DATES (A) (B) (C)

1-Feb-12 45,456.62 24% 59 0.16

3/31/2012

3/1/2012 45,251.14 24% 30 0.08

3/31/2012

59 TOTAL

2/1/2012 45,456.62 24% 150 0.41

6/30/2012

3/1/2012 45,251.14 24% 121 0.33

6/30/2012

4/1/2012 45,045.66 24% 90 0.25

6/30/2012

5/1/2012 2,000,000.00 24% 60 0.16

6/30/2012

150 TOTAL
PENALTY DUE
(A x B x C)

1,763.47

892.63

2,656.09

4,483.39

3,600.26

2,665.72

78,904.11 WITH DEMAND LETTER

89,653.47
SAMPLE AMORTIZATION SCHEDULE
Amount: P 2,000,000.00
Interest 7.50% fixed per annum
Term 5 years with 2 years grace period on principal

Total Amortization Principal Interest Balance

2,000,000.00
Year 1 12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00

147,945.21 0.00 147,945.21

Year 2 12,328.77 0.00 12,328.77 2,000,000.00

12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00

147,945.21 0.00 147,945.21

Year 3 67,884.32 55,555.56 12,328.77 1,944,444.44

67,541.86 55,555.56 11,986.30 1,888,888.89
67,199.39 55,555.56 11,643.84 1,833,333.33
66,856.93 55,555.56 11,301.37 1,777,777.78
66,514.46 55,555.56 10,958.90 1,722,222.22
66,171.99 55,555.56 10,616.44 1,666,666.67
65,829.53 55,555.56 10,273.97 1,611,111.11
65,487.06 55,555.56 9,931.51 1,555,555.56
65,144.60 55,555.56 9,589.04 1,500,000.00
64,802.13 55,555.56 9,246.58 1,444,444.44
 64,459.67 55,555.56 8,904.11 1,388,888.89
64,117.20 55,555.56 8,561.64 1,333,333.33

792,009.13 666,666.67 125,342.47

Year 4 63,774.73 55,555.56 8,219.18 1,277,777.78

63,432.27 55,555.56 7,876.71 1,222,222.22
63,089.80 55,555.56 7,534.25 1,166,666.67
62,747.34 55,555.56 7,191.78 1,111,111.11
62,404.87 55,555.56 6,849.32 1,055,555.56
62,062.40 55,555.56 6,506.85 1,000,000.00
61,719.94 55,555.56 6,164.38 944,444.44
61,377.47 55,555.56 5,821.92 888,888.89
61,035.01 55,555.56 5,479.45 833,333.33
60,692.54 55,555.56 5,136.99 777,777.78
60,350.08 55,555.56 4,794.52 722,222.22
60,007.61 55,555.56 4,452.05 666,666.67

742,694.06 666,666.67 76,027.40

Year 5 59,665.14 55,555.56 4,109.59 611,111.11

59,322.68 55,555.56 3,767.12 555,555.56
58,980.21 55,555.56 3,424.66 500,000.00
58,637.75 55,555.56 3,082.19 444,444.44
58,295.28 55,555.56 2,739.73 388,888.89
57,952.82 55,555.56 2,397.26 333,333.33
57,610.35 55,555.56 2,054.79 277,777.78
57,267.88 55,555.56 1,712.33 222,222.22
56,925.42 55,555.56 1,369.86 166,666.67
56,582.95 55,555.56 1,027.40 111,111.11
56,240.49 55,555.56 684.93 55,555.56
55,898.02 55,555.56 342.47 0.00

693,379.00 666,666.67 26,712.33

2,523,972.60 2,000,000.00 523,972.60

376,027.40 TOTAL INTEREST - W/ NO GRACE PERIOD

450,000.00 TOTAL INTEREST - W/ 1 YEAR GRACE PERIOD

147,945.21
73,972.60
SAMPLE AMORTIZATION SCHEDULE
Amount: P 2,000,000.00
Interest 7.50% fixed per annum
Term 5 years

Total Amortization Principal Interest Balance

2,000,000.00
Year 1 12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00
12,328.77 0.00 12,328.77 2,000,000.00

147,945.21 0.00 147,945.21

Year 2 53,995.43 41,666.67 12,328.77 1,958,333.33

53,738.58 41,666.67 12,071.92 1,916,666.67
53,481.74 41,666.67 11,815.07 1,875,000.00
53,224.89 41,666.67 11,558.22 1,833,333.33
52,968.04 41,666.67 11,301.37 1,791,666.67
52,711.19 41,666.67 11,044.52 1,750,000.00
52,454.34 41,666.67 10,787.67 1,708,333.33
52,197.49 41,666.67 10,530.82 1,666,666.67
51,940.64 41,666.67 10,273.97 1,625,000.00
51,683.79 41,666.67 10,017.12 1,583,333.33
51,426.94 41,666.67 9,760.27 1,541,666.67
51,170.09 41,666.67 9,503.42 1,500,000.00

630,993.15 500,000.00 130,993.15

Year 3 50,913.24 41,666.67 9,246.58 1,458,333.33

50,656.39 41,666.67 8,989.73 1,416,666.67
50,399.54 41,666.67 8,732.88 1,375,000.00
50,142.69 41,666.67 8,476.03 1,333,333.33
49,885.84 41,666.67 8,219.18 1,291,666.67
49,629.00 41,666.67 7,962.33 1,250,000.00
49,372.15 41,666.67 7,705.48 1,208,333.33
49,115.30 41,666.67 7,448.63 1,166,666.67
48,858.45 41,666.67 7,191.78 1,125,000.00
 48,601.60 41,666.67 6,934.93 1,083,333.33
48,344.75 41,666.67 6,678.08 1,041,666.67
48,087.90 41,666.67 6,421.23 1,000,000.00

594,006.85 500,000.00 94,006.85

Year 4 47,831.05 41,666.67 6,164.38 958,333.33

47,574.20 41,666.67 5,907.53 916,666.67
47,317.35 41,666.67 5,650.68 875,000.00
47,060.50 41,666.67 5,393.84 833,333.33
46,803.65 41,666.67 5,136.99 791,666.67
46,546.80 41,666.67 4,880.14 750,000.00
46,289.95 41,666.67 4,623.29 708,333.33
46,033.11 41,666.67 4,366.44 666,666.67
45,776.26 41,666.67 4,109.59 625,000.00
45,519.41 41,666.67 3,852.74 583,333.33
45,262.56 41,666.67 3,595.89 541,666.67
45,005.71 41,666.67 3,339.04 500,000.00

557,020.55 500,000.00 57,020.55

Year 5 44,748.86 41,666.67 3,082.19 458,333.33

44,492.01 41,666.67 2,825.34 416,666.67
44,235.16 41,666.67 2,568.49 375,000.00
43,978.31 41,666.67 2,311.64 333,333.33
43,721.46 41,666.67 2,054.79 291,666.67
43,464.61 41,666.67 1,797.95 250,000.00
43,207.76 41,666.67 1,541.10 208,333.33
42,950.91 41,666.67 1,284.25 166,666.67
42,694.06 41,666.67 1,027.40 125,000.00
42,437.21 41,666.67 770.55 83,333.33
42,180.37 41,666.67 513.70 41,666.67
41,923.52 41,666.67 256.85 0.00

520,034.25 500,000.00 20,034.25

2,450,000.00 2,000,000.00 450,000.00

LESS: 376,027.40 TOTAL INTEREST - W/ NO GRACE P

73,972.60
48 12

48
TAL INTEREST - W/ NO GRACE PERIOD
SAMPLE AMORTIZATION SCHEDULE
Amount: P 2,000,000.00
Interest 7.50% fixed per annum
Term 5 years with no grace period

Total Amortization Principal Interest Balance

2,000,000.00
Year 1 45,662.10 33,333.33 12,328.77 1,966,666.67
45,456.62 33,333.33 12,123.29 1,933,333.33
45,251.14 33,333.33 11,917.81 1,900,000.00
45,045.66 33,333.33 11,712.33 1,866,666.67
44,840.18 33,333.33 11,506.85 1,833,333.33
44,634.70 33,333.33 11,301.37 1,800,000.00
44,429.22 33,333.33 11,095.89 1,766,666.67
44,223.74 33,333.33 10,890.41 1,733,333.33
44,018.26 33,333.33 10,684.93 1,700,000.00
43,812.79 33,333.33 10,479.45 1,666,666.67
43,607.31 33,333.33 10,273.97 1,633,333.33
43,401.83 33,333.33 10,068.49 1,600,000.00

534,383.56 400,000.00 134,383.56

Year 2 43,196.35 33,333.33 9,863.01 1,566,666.67

42,990.87 33,333.33 9,657.53 1,533,333.33
42,785.39 33,333.33 9,452.05 1,500,000.00
42,579.91 33,333.33 9,246.58 1,466,666.67
42,374.43 33,333.33 9,041.10 1,433,333.33
42,168.95 33,333.33 8,835.62 1,400,000.00
41,963.47 33,333.33 8,630.14 1,366,666.67
41,757.99 33,333.33 8,424.66 1,333,333.33
41,552.51 33,333.33 8,219.18 1,300,000.00
41,347.03 33,333.33 8,013.70 1,266,666.67
41,141.55 33,333.33 7,808.22 1,233,333.33
40,936.07 33,333.33 7,602.74 1,200,000.00

504,794.52 400,000.00 104,794.52

Year 3 40,730.59 33,333.33 7,397.26 1,166,666.67

40,525.11 33,333.33 7,191.78 1,133,333.33
40,319.63 33,333.33 6,986.30 1,100,000.00
40,114.16 33,333.33 6,780.82 1,066,666.67
39,908.68 33,333.33 6,575.34 1,033,333.33
39,703.20 33,333.33 6,369.86 1,000,000.00
39,497.72 33,333.33 6,164.38 966,666.67
39,292.24 33,333.33 5,958.90 933,333.33
39,086.76 33,333.33 5,753.42 900,000.00
 38,881.28 33,333.33 5,547.95 866,666.67
38,675.80 33,333.33 5,342.47 833,333.33
38,470.32 33,333.33 5,136.99 800,000.00

475,205.48 400,000.00 75,205.48

Year 4 38,264.84 33,333.33 4,931.51 766,666.67

38,059.36 33,333.33 4,726.03 733,333.33
37,853.88 33,333.33 4,520.55 700,000.00
37,648.40 33,333.33 4,315.07 666,666.67
37,442.92 33,333.33 4,109.59 633,333.33
37,237.44 33,333.33 3,904.11 600,000.00
37,031.96 33,333.33 3,698.63 566,666.67
36,826.48 33,333.33 3,493.15 533,333.33
36,621.00 33,333.33 3,287.67 500,000.00
36,415.53 33,333.33 3,082.19 466,666.67
36,210.05 33,333.33 2,876.71 433,333.33
36,004.57 33,333.33 2,671.23 400,000.00

445,616.44 400,000.00 45,616.44

Year 5 35,799.09 33,333.33 2,465.75 366,666.67

35,593.61 33,333.33 2,260.27 333,333.33
35,388.13 33,333.33 2,054.79 300,000.00
35,182.65 33,333.33 1,849.32 266,666.67
34,977.17 33,333.33 1,643.84 233,333.33
34,771.69 33,333.33 1,438.36 200,000.00
34,566.21 33,333.33 1,232.88 166,666.67
34,360.73 33,333.33 1,027.40 133,333.33
34,155.25 33,333.33 821.92 100,000.00
33,949.77 33,333.33 616.44 66,666.67
33,744.29 33,333.33 410.96 33,333.33
33,538.81 33,333.33 205.48 0.00

416,027.40 400,000.00 16,027.40

2,376,027.40 2,000,000.00 376,027.40

60

48
37500