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the developers. there are a lot of content that canmeet the needs of different
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Loan terms and conditions
Loan terms and conditions
The loan services provided by QuickPeso App are authorized by Ceimmarj Financing
Incorporated, Ceimmarj Financing Incorporated is a lending institution approved
by the Securities and Exchange Commission of the Philippines and subject to the
authorization and supervision of the Securities and Exchange Commission of the
Philippines under SEC Registration No. CS200308112 and Certificate of
Authorization No. 330.

This General terms and Conditions are developed in accordance with the laws of
the Republic of the Philippine.

Definitions

As used in this Agreement, the following terms and expressions shall have the
meanings specified below:

 1.  Borrower - a Loan Applicant whose Loan Application is accepted by the
     Lender.
 2.  Borrower's Obligations - includes payment of the outstanding principal
     amount of the Loan, interest on the Loan, all other interest, fees, costs,
     charges, expenses, processing fee and all other sums whatsoever arising
     from or incident to the loan, and payable by the Borrower to the Lender on
     or before the Maturity Date, in accordance with the Terms and Conditions
     contained herein, the Promissory Note, and other related documents
 3.  Calendar Day- any day, including weekends and public holidays in the
     Philippine on which the Lender operates in the ordinary course of business.
 4.  Loan Agreement - the agreement entered into by and between the Lender and
     the Borrower providing for the Loan and such other related agreements as
     may be entered into force from time to time by the Parties. The Loan
     Agreement includes the General Terms and Conditions stated hereunder, the
     Promissory Note, the Loan Decision, and all schedules and agreements
     supplemental thereto.
 5.  Disclosure Statement - the statement given by the Lender to the Borrower
     before the latter accepts the Loan setting forth the total amount to be
     financed, the finance charge, all charges in connection with the Loan, and
     all other items required under the Truth in Lending Act.
 6.  Distance Service - any communication technique through telematic networks
     facilitated by the Lender so that the Borrower can make the Loan
     Application and receive the Loan Decision. Distance Service should be
     understood as the Websitehttps://charn-kamal.com or any other similar means
     or facility that the Lender makes available to the Loan Applicant for the
     purpose stated in this Article 1.5.
 7.  General Terms and Conditions - the terms and conditions governing the Loan
     as contained herein, the Loan Agreement consisting of the Promissory Note,
     Disclosure Statement of Loan/ Credit Transaction, the General Terms and
     Conditions of loan, including all other agreements or documents executed by
     the Lender and/or the Borrower which shall govern the Borrower's loan with
     the Lender.
 8.  Lender - CHARN KAMAL LENDING AND TRADING CORP., with its principal address
     at 385, F.S. Fajares Avenue, Pagadian City, Zamboanga del Sur,7016
     Philippines
 9.  Loan - the loan entered into by the Lender and the Borrower, and governed
     by these General Conditions, the Promissory Note and the other documents
     forming an integral part of the Loan Agreement, whereby the Lender grants a
     personal loan to the Borrower through the Distance Service or in the
     Lender's branch.
 10. Loan Applicant - a natural person who files the Loan Application who shall
     be of Filipino nationality, over eighteen (18) years of age at the time of
     the filing of the Loan Application, with full capacity to contract and
     enter into the Loan, and with permanent address in the Philippine.
 11. Loan Application - declaration of intention made by the Loan Applicant
     through the Distance Service or in the Lender's branch, to request for a
     Loan in accordance with these General Conditions, the Promissory Note, and
     all other documents forming an integral part of the Loan Agreement. The
     Loan Application shall take effect from the date it is submitted to the
     Lender for evaluation and will be subject to the internal policies and
     procedures of the Lender. The approved Application will be credited to the
     Personal Account of the Borrower on the Lender’s website within one (1) to
     three (3) calendar days from Lender’s receipt of Borrower’s acceptance of
     the Loan Decision.
 12. Loan Decision - the final irrevocable decision made by the Lender granting
     or denying the Loan Application in accordance with these General
     Conditions, the Promissory Note, and all other documents forming an
     integral part of the Loan Agreement. It shall contain the Loan Amount and
     the Maturity Date. It shall be issued by the Lender to the Borrower no
     later than one (1) day from the date that the Loan Application is received
     by Lender. The Loan Decision can be provided to the Borrower by SMS and/or
     direct call via mobile number, depending on the method specified by the
     Borrower in the Loan Application or on the Lender’s discretion, if either
     method is unavailable at the time of Loan Decision.
 13. Loan Term - the period provided under Article 4 of these General
     Conditions.
 14. Maturity Date - the last day of the Loan Term (as provided under Section 4)
     when the Loan Amount and the interest and all other fees and charges are
     due.
 15. Party - Loan Applicant, the Lender or the Borrower, considered
     individually. Likewise, the "Parties" are collectively the Lender, and the
     Loan Applicant or the Borrower.
 16. Personal Account - means the user account created by the Borrower on
     Lender’s web site.
 17. Prolongation Service - the option granted to the Borrower to extend the
     Loan Term upon payment of a fee.
 18. Promissory Note - the corresponding Promissory Note containing the
     Borrower’s unconditional promise to pay the Loan, the terms of the Loan
     pursuant to the Loan Decision, other terms and conditions of the Loan, and
     which shall form an integral part of the Loan Agreement. It shall be made
     available to the Loan Applicant upon approval of the Loan Application. The
     Promissory Note shall be confirmed by the Loan Applicant by SMS and/or
     direct call via mobile number (for applications filed and processed on the
     Website) or handwritten signature (for applications filed and processed in
     the Lender`s branch). The Promissory Note, together with the Disclosure
     Statement provided pursuant to the Truth in Lending Act, will be sent to
     Borrower’s e-mail address and made available to the Borrower in his/her
     Personal Account on the Lender's website.
 19. Website - Lender's website (https://charn-kamal.com).

Loan Purpose.

The Loan issued by the Lender is to be used by the Borrower for legal and
legitimate purpose. The loan proceeds shall be used by the Borrower exclusively
for personal use.

Loan Amount.

The Lender agrees to lend to the Borrower, and the Borrower agrees to borrow
from the Lender, the full amount of the Loan, as specified in the Loan Decision
and reflected in the Promissory Note and the Borrower’s Personal Account.

Loan Term.

Loan Term shall refer to the period within which the Borrower shall pay the
principal amount of the Loan in full, together with the corresponding interest
and all other charges and fees indicated in the Disclosure Statement, which may
range from ninety-one (91) calendar days to three hundred and sixty-five (365)
calendar days, depending on the term approved under the Loan Decision, as
indicated in the Promissory Note.

Prolongation
 1. If the Prolongation Service is used, the Loan will be extended for the same
    period, subject to the General Terms and Conditions provided herein, the
    Promissory Note and all other documents which form an integral part of the
    Loan Agreement. This service is available during, before or after Maturity
    Date provided that all interest and default interest (if applicable) are
    paid.
 2. Access to the Prolongation Service will be available to you provided that
    all due interest and late payment penalties and fees (if any) are paid. The
    amount of Prolongation Service for the current day will be available to the
    Borrower in the Personal Account on the Lender's website.

Interest
 1. The Borrower shall be liable to the Lender for interest on the Loan until
    the same is paid in full, which interest shall be calculated and paid in
    accordance with these General Terms and Conditions.
 2. Interest on the Loan is accrued daily until the Maturity Date. The interest
    rate is determined individually, and indicated in the Promissory Note and
    Disclosure Statement.

Late Payment Penalties and Fees
 1. Any default payment after Maturity Date of any amount made available under
    the Loan, shall entitle the Lender to require the Borrower in addition to
    the unpaid amount a default penalty in the amount of Rs.1,000 (for new
    clients) and Rs.800 (for repeat clients) single time and interest of 5% of
    the unpaid amount per day from the first (1st) day of delay and up to
    thirtieth day (30th) of delay, 4% of the unpaid amount from the thirty-first
    day (31st) of delay and until the ninetieth (90th) day of delay, and 2% of
    the unpaid amount from the ninety-first (91st) day of delay and until the
    day of the total repayment of the Loan.Any default payment after Maturity
    Date of any amount made available under the Loan, shall entitle the Lender
    to require the Borrower in addition to the unpaid amount a default penalty
    in the amount of Rs.1,000 (for new clients) and Rs.800 (for repeat clients)
    single time and interest of 5% of the unpaid amount per day from the first
    (1st) day of delay and up to thirtieth day (30th) of delay, 4% of the unpaid
    amount from the thirty-first day (31st) of delay and until the ninetieth
    (90th) day of delay, and 2% of the unpaid amount from the ninety-first
    (91st) day of delay and until the day of the total repayment of the Loan.
 2. Any amount received by the Lender from the Borrower after Maturity Date will
    be applied in the order as listed below:
    * Any and all charges permitted by law
    * Enforcement expenses payment
    * Late payment penalties and fees
    * All Loan related amounts in the following order: fees, interest amount,
      principal amount

Conditions Precedent to the Release of the Proceeds of the Loan.
 1. The proceeds of the Loan shall be released only after the conditions set out
    below have been fulfilled to the Lender`s approval:
    * Loan Application is filled in, signed by SMS and sent to the Lender
    * Bank account details of the borrower are filled in;
    * In the Borrower's Personal account are uploaded Borrower's Photo with
      identity document;
    * The Loan Decision is reported to, and confirmed and accepted by the
      Borrower through SMS confirmation and/or verbal confirmation via direct
      call.
    * The Promissory Note is confirmed and accepted by the Borrower.
 2. Once the Loan Application submitted by the Borrower is accepted by the
    Lender, the Borrower shall not be entitled to cancel the Loan or to refuse
    to accept the Loan proceeds, except for cases when such a refusal entails
    the application of charges for cancellation, refusal or prepayment as may be
    stipulated by the Lender. The Borrower agrees that the Lender has the right
    to approve/reject the cancellation of the Loan as the Lender deems fit.
 3. The Lender shall not be responsible for the release of any Loan proceeds to
    other/wrong bank account due to data entry errors by the Borrower.
 4. The Lender shall also not be liable for any delays or problems in the
    release of any Loan proceeds to the third parties upon the written
    directions and instructions of the Borrower.

Full/Partial and Early Loan Repayment.
 1. The Borrower must pay all Loan amount plus interest accrued on the Maturity
    Date.
 2. The Borrower may prepay the whole or any part of the Loan amount provided
    that at least half of the Loan Term has elapsed, and at all times not
    earlier than after seven (07) calendar days from date that the proceeds are
    remitted to the Borrower.
 3. In the event that the Borrower decides to pay the Loan in full ahead of the
    time specified in Clause 9.2. hereof, the Borrower must pay the full Loan
    amount plus interest accrued on the Maturity Date, calculated at the rate
    specified in the Promissory Note.
 4. The amount of the full Loan repayment for the current day will be available
    to the Borrower in the Personal account on the Lender's website.
 5. Information regarding all available methods and channels for Loan repayment
    will be posted and made available to the Borrower in the Personal account in
    Lender's website.

Representations and Undertakings
 1. The Borrower hereby represents and warrants to the Lender on a continuing
    basis that:
    * The obligation expressed or to be assumed by the Borrower in this Loan
      Agreement and the Promissory Note, and any relevant documents are legal,
      valid, binding and enforceable obligations;
    * The entry into and performance by the Borrower of, and the transactions
      contemplated by, this Loan Agreement and the Promissory Note, and any
      relevant documents do not and shall not conflict with (i) any law or
      regulation applicable to the Borrower; or (ii) any agreement or instrument
      binding upon the Borrower;
    * The Borrower is not a Politically-Exposed Person (PEP) as defined under
      the Anti-Money Laundering Act of 2001, as amended.
    * No event of default is continuing or might reasonably be expected to
      result from the making available of the Loan;
    * The Borrower has disclosed to the Lender all information (financial or
      otherwise) relating to the Borrower and all other relevant parties which
      is material to be known to the Lender in view of the provisions of this
      Loan Agreement and the Promissory Note, and other relevant documents and
      which is true, complete and accurate in all material respects at the date
      it was given and is not misleading in any respect
    * The Borrower has disclosed to the Lender all information relating to the
      Borrower which is material to the Lender in view of the provisions of the
      Promissory Note and other relevant documents and which is true, complete
      and accurate in all material respects as at the date it was given and is
      not misleading in any respect. The Borrower hereby authorized the Lender
      to request and obtain data from third party(ies) to verify any information
      the Borrower provided to the Lender in connection with this Loan
      Application.
    * The Borrower has read, understood and agreed to comply with terms and
      conditions of the Loan Agreement, Promissory Note, and other relevant
      documents. The Borrower accepts and agrees to be bound by the Loan
      Agreement, Promissory Note and other documents including amendments of
      these documents as an integral part thereof, which the Borrower
      acknowledges are available for reading or downloading at the Lender's
      website: https://charn-kamal.com and/or notified by the Lender to the
      Borrower through various communication channels which the Lender deems
      fit.
    * The Borrower understands and acknowledges his/her obligations with respect
      to making the full, complete and timely payment of his/her loan obligation
      as stipulated in the Loan Agreement and the Promissory Note.
    * The Borrower understands and acknowledges that the Lender has the absolute
      discretion to accept or reject the Loan Application for valid cause, and
      that the Loan Application and its supporting documents shall become part
      of the Lender’s record and shall not be returned to the Borrower.
    * The Borrower understands and acknowledges that the Borrower’s Loan
      Application should be regarded as an offer only. Official approval of the
      loan application shall be decided upon the Lender’s appraisal and approval
      according to the Lender’s policy from time to time. The Borrower
      voluntarily agrees to the Lender’s decisions. The Borrower shall not file
      any complaints, or seek redress against the Lender on these matters.
    * The Borrower unconditionally acknowledges that the Borrower is truly and
      lawfully indebted to the Lender on the approved loan amount in case the
      Lender had disbursed the said amount as stipulated.
 2. The Borrower covenants with the Lender that during the Loan Term:
    * The Borrower shall apply the loan proceeds to his/her personal use only
      such as education, hospitalization, emergency, travel, household, and
      other personal consumption needs of a similar nature.
    * The Borrower shall comply in all respect with all applicable laws in
      connection with the performance of the Borrower’s obligations under this
      Loan Agreement and the Promissory Note, and other relevant documents;
    * The Borrower shall obtain and maintain in full force and effect any
      authorisation, consent or approval required to enable the Borrower to
      perform the Borrower’s obligations under this Loan Agreement and the
      Promissory Note, and other relevant documents and to ensure the legality,
      validity, enforceability or admissibility in evidence of this Loan
      Agreement, Promissory Note, and other relevant documents.
    * The Borrower shall notify the Lender in writing of any potential or actual
      Event of Default (if any is specified in the Loan Agreement and/or the
      Promissory Note) and any event or circumstance which constitutes a default
      under any other agreement binding upon the Borrower (and, in each case,
      the steps, if any, being taken to remedy it) promptly upon becoming aware
      of its occurrence;
    * The Borrower shall provide a prior written notice to the Lender of any
      change in the Borrower’s name, date of birth, residential address within
      three (3) calendar days of such changes;
    * The Borrower shall notify the Lender of any change in the Borrower’s
      employment, business or profession. In the event the Borrower is
      self-employed, the Borrower hereby undertakes to keep the Lender informed
      about the personal financial conditions on a periodic basis as requested
      by the Lender.

Default
 1. Event of Default
      
      Any and all of the following shall constitute Events of Default:
      
    * Failure by Borrower to comply with or perform any of the terms and
      conditions of the Loan Agreement, Promissory Note, or any other agreements
      between Borrower and Lender;
    * Borrower fails to pay when due and payable any principal amounts,
      interests, costs which Borrower is obliged to pay the Lender under the
      Loan Agreement and the Promissory Note;
    * Any representation or warranty made by Borrower herein or otherwise in
      connection with the Loan shall prove to have been incorrect or misleading
      as of the time it was made or deemed to have been made, and without
      reference to whether or not Lender was in fact prejudiced by such
      untruthfulness and/or non-fulfillment;
    * Borrower voluntarily suspends or ceases his/her personal financial
      conditions or becomes insolvent or is unable to pay his/her debts when
      they become due or commits or permits any act of bankruptcy or insolvency;
    * Any final judgment or decree for a substantial sum of money, damages or
      for a fine or penalty is entered against Borrower by a court of competent
      jurisdiction and is not paid, discharged or fully bonded within ten (10)
      days after the date when payment of such judgment or decree is due under
      applicable laws;
    * Borrower dies or is convicted of a criminal offense with final judgment
      carrying with it a penalty of civil interdiction affecting Borrower, or in
      any of the cases covered by Article 1198 of the Civil Code of the
      Philippine;
    * There shall have occurred a material change in the financial circumstances
      or condition of Borrower reckoned from the approval of the Loan, which, in
      the reasonable opinion of Lender, would adversely affect the ability of
      Borrower to perform the obligations under the Loan Agreement and the
      Promissory Note.
 2. Consequence of Default
      
      Should an Event of Default occur:
      
    * Lender shall have the right, at its discretion, to consider the full
      amount of the Loan as immediately due and demandable, and require Borrower
      to make full and immediate payment thereof;
    * If the default is a result of a failure of the Borrower to timely pay the
      Loan, the Late Payment Penalties and Fees prescribed under Article 7 shall
      apply;
    * Lender shall have all the rights to the remedies provided in the
      Promissory Note and in law for purposes of enforcing its claims against
      the Borrower.

To the extent allowed under Philippine law, Borrower accepts to waive any notice
or formality meant to enable the Lender to exercise its rights arising from the
occurrence of an Event of Default. The failure or the delay to exercise any
right, options, power or privilege hereunder shall not operate as a waiver of
any right of the Lender to exercise the same hereunder, unless said waiver is
given in writing by the Lender, and then only to the extent specifically set
forth in said writing.

Indemnity
 1. The Borrower shall indemnify the Lender against any cost, loss or liability
    incurred by the Lender as a result of:
    * The occurrence of any Event of Default;
    * The information produced or confirmed by the Borrower being or being
      alleged to be misleading and/or deceptive in any respect;
    * Any inquiry, investigation, subpoena (or similar order or litigation with
      respect to the Borrower) or with respect to the transactions contemplated
      or financed under this Loan Agreement and the Promissory Note;

Disclosure of Information
 1. The Borrower hereby expressly permits the Lender to transfer and disclose to
    (i) the government authorities; (ii) any party/person proposing or
    considering to tender any payment towards or purchase the indebtedness under
    the Loan; (iii) its auditors, lawyers or any other debt collection agents;
    (v) credit reporting agencies; (vi) insurance companies, agents, contractors
    or third party service providers who are involved in the provision of
    products and services to or by the Lender and the holding company, head
    office, other branches, subsidiaries, related companies of the Lender; or
    (vii) for provision of or cross selling of products and services, any
    information relating to the Borrower’s affairs or account in respect of the
    Loan, this Loan Agreement and the Promissory Note, and at any time and to
    such extent as the Lender may at its absolute discretion deem expedient or
    necessary. The Borrower hereby agrees that the aforesaid information may be
    used, encrypted, transmitted and stored by the Lender and its holding
    company, head office, other branches, subsidiaries, related companies and/or
    may be exchanged to or with all such persons as the Lender considers
    necessary to the extent as permitted by Philippine laws. The aforesaid
    actions are without liability to the Borrower. The Borrower expressly
    consents to such actions and declares that no further consent from the
    Borrower is necessary or required in relation thereto.
 2. Notification Regarding R.A. No. 9510. Pursuant to Republic Act (R.A.) No.
    9510 and its Implementing Rules and Regulations (IRR), creating the Credit
    Information Corporation (CIC) we are mandated to submit your basic credit
    data (as defined in R.A. No. 9510 and its IRR), as well as any regular
    updates or corrections thereof, to the CIC for consolidation and disclosure
    as may be authorized by the CIC, and other credit reporting agencies duly
    accredited by CIC, for the purpose of establishing your creditworthiness.
 3. In case the Borrower fails to pay fully or correctly or timely the loan
    obligation, in addition to debt recovery measures as specified
    herein/therein or in accordance with the Philippine laws, the Lender shall
    be entitled to provide information on such failure to third parties,
    including but not limited to collection agencies for the purpose of
    collecting the loan obligation.
 4. The Borrower agrees that Lender, directly or through its Partners, may
    collect, retrieve, process, use and store his/her personal data such as
    name, age, photographs, fingerprints, other biometric data (e.g., facial
    recognition and voice recognition), mobile number/s, mobile phone usage
    data, employment details, income, financial data, financial profile, credit
    standing, loan payment history, and other information required in the
    application form for the purpose of reviewing and processing the Borrower’s
    loan application. The Borrower consents to the collection of his/her
    personal data from the Borrower her/himself, or from other personal
    information controllers such as, but not limited to, telecommunications
    companies (e.g., Globe, PLDT, Smart, Sun Cellular), for credit scoring
    purposes. The Borrower’s personal data such as mobile number, email address,
    and address, will be shared to a credit scoring service provider for credit
    investigation, credit scoring, data analytics, and data profiling, which
    includes the regular updating of the Borrower’s credit score. The personal
    data secured may also be used for direct marketing of products and services
    of Partners of the Lender. Throughout the processing of the Borrower’s
    personal data, his/her rights under the Data Privacy Act of 2012, such as
    the (1) right to be informed, (2) right to object, (3) right to access, (4)
    right to rectification, (5) right to erasure or blocking, and (6) right to
    damages, shall be upheld. Entities to whom Lender share Borrower’s personal
    data will also respect the same rights.

Set-off

The Lender at its discretion without prior Borrower's consent shall set-off or
deduct any amount from any account of the Borrower held at the Lender against
any obligation due from the Borrower under this Loan Agreement, the Promissory
Note, and other related documents, regardless of the place of payment, booking
branch or currency of either obligation. Any set-off of fixed deposit by the
Lender shall be deemed as premature withdrawal by the Borrower. If the currency
of obligation is different from the currencies of accounts, the Lender may
convert the currencies of the account into the currency of the obligation by
reference to the market rate of exchange in its usual course of business.

Review
 1. The Loan is subject to the Lender's review at any time and also subject to
    the Lender's overriding right of withdrawal and repayment on demand, which
    the Lender reserves the right to exercise at any time.
 2. The Lender shall have the right to review and revise the Terms and
    Conditions specified hereunder at any time at its sole discretion.

Notices
 1. Notice to the Borrower
      
      A notice given to the Borrower in connection with this Loan Agreement
      and/or the Promissory Note may be delivered by hand or sent by prepaid
      ordinary post or sent by email (electronic mail) or sent by facsimile to
      the facsimile number of the addressee or sent by message to the mobile
      number of the addressee which is specified in the Loan Application form
      and/or the Promissory Note. A notice given to the Borrower shall be
      treated as having been given and received:
      
    * If delivered, on the day of delivery if a Calendar Day, otherwise on the
      next Business Day;
    * If sent by prepaid mail, on the second Business Day after posting;
    * If sent by email and no failure notice is received by the sender, one hour
      after the time of the sending of the email;
    * If transmitted by facsimile and a correct and complete transmission report
      is received, at the time of transmission recorded on that transmission
      report;
    * If sent by text message and no failure notice is received by the sender,
      at the time of sending.
 2. Notice to the Lender
    
    Notices, demands or other communications shall be addressed to the Lender at
    its place of residence and may be delivered personally, by leaving it at
    such address, by facsimile transmission or telex, or email, or by phone and
    shall be deemed to have been delivered to the Lender on the day of actual
    receipt.

Entire Agreement

This Agreement constitutes the entire agreement and supersedes all prior
agreements, understandings, representations, warranties and arrangements of
whatever nature whatsoever, both written and oral, among the Parties with
respect to the subject matter of this Agreement.

Assignment and Transfer

Notwithstanding any other provisions of this Loan Agreement and/or the
Promissory Note, the Lender may at any time: (i) assign or transfer its rights
and obligations; or (ii) create security in or over any and all of its rights or
obligations under this Loan Agreement and the Promissory Note to any person on
provision of seven (7) Business Day written notice to the Borrower. The Borrower
is not permitted to assign or transfer any of the Borrower’s rights or
obligations under this Loan Agreement and the Promissory Note without prior
written consent of the Lender.

Waiver

The delay or failure of the Lender to exercise of any of its rights whether
under this Loan Agreement, the Promissory Note, or otherwise, shall not be
construed or deemed as a waiver of the Lender to such rights.

Language and Governing Law

This Loan Agreement and the Promissory Note are governed by the laws of the
Philippine. The competent courts of Philippine have jurisdiction to settle any
dispute arising out of or in connection with this Loan Agreement and the
Promissory Note (including all disputes regarding the existence, validity or
termination).

Term of the Loan Agreement

Unless terminated by the Lender, this Loan Agreement shall take effect from the
date the funds are remitted to the Borrower in the manner specified in
Promissory Note until such time as the provisions specified hereunder are needed
to remain in force and effect between the Parties unless otherwise agreed by the
Parties.


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