MEMORANDUM OF AGREEMENT KNOW ALL MEN THESE PRESENTS: This MEMORANDUM OF AGREEMENT executed and entered into by and

between: ________________ ____________________ a government unit duly elected / organized and existing under the Philippine laws with principal office and postal address at _____________________________________________ , herein represented by its ___________________________ , MR. / MS. __________________________ ,and herein referred to as First Party. and

The HAWAK KAMAY LENDING INVESTORS, INC. likewise a corporation duly organized and existing under the Philippine laws with principal office and postal address at the Ground Floor, Mercantile Insurance Building, Gen. Luna corner Beaterio Sts., Intramuros, Manila, represented herein by its Chief Operating Officer (COO), MR. VEDASTO P. BORINES, herein referred to as Second Party, WITNESSETH WHEREAS, the First Party is a government organization that aims to make accessible to its members facilities that will enable them to avail of cash loans as well as invest in pre-need financial plans; WHEREAS, the Second Party, has the facilities to provide members of the First Party loans to pay for their subscribed pre-need plans and extra cash for other needs; WHEREAS, the Second Party has offered its services and facilities to the First Party and the later is desirous of accepting the same; NOW THEREFORE, for and in consideration of the foregoing premises and the terms and conditions contained herein, both parties have agreed as follows: 1. That both parties have agreed to the implementation of a pre-need loan facility of the Second Party to all eligible members of the First Party to the amount in accordance with the Pre-Need Loan Schedule described in Annex A. 2. That the treasurer of the First Party will undertake and guarantee 100% loan repayment collection through salary deduction and remit the same to the Second Party in the form of cash a day after the pay period. Collection to be done by authorized representative of the Second Party. 3. That each remittance by the First Party will be backed by a list of members-borrowers from whom loan repayments have been duly collected and the corresponding deducted amounts representing the total amount remitted.

4. That, to enable the Treasurer of the First Party to executed the aforesaid Salary Deductions, the Second Party shall cause to prepare the necessary Irrevocable Authorization to Deduct for signatures of members-borrower/s and co-borrowers concerned. 5. That the Second Party shall provide the Treasurer of the First Party immediately after each release the list of members-borrowers with the newly approved loans and the corresponding amounts to be deducted. 6. That, in the event of separation, termination, resignation, or retirement of the memberborrowers, the Second Party is allowed to collect the outstanding loan balance from the monies still due the member. 7. That this agreement shall take effect immediately upon signing hereof and shall continue and subsist until either party deems it to their best interest to terminate such, provided all receivables from members have remitted to the Second Party.

IN WITNESS WHEREOF, the parties have hereunto affixed their respective signature this _____________ day of __________ 200__ in the City of Manila. First Party By: _______________________ _______________________ Second Party By: VEDASTO P. BORINES Chief Operating Officer (COO)

Signed in the presence of _____________________________ BARANGAY CHAIRMAN ACKNOWLEDGEMENT Republic of the Philippines _____________________ ) ) S.S. __________________________ LOAN CONSULTANT

Before me, a Notary Public for and in the City of Manila, this _________day of __________200__ , personally appeared the following: Name ____________________ Vedasto P. Borines CTC No. ____________ 2688872 Place and Date of Issue ____________________________ Manila / 01-25-2011

Know to me to be the same persons who executed the foregoing instrument and acknowledged to me that the same is of their free and voluntary act and deed, as well as the institutions they represent. This instrument, MEMORANDUM OF AGREEMENT, consisting of four (4) pages including Annexes A and B and this page of the acknowledgement clause, is signed by the parties and instrumental witnesseson each and every page thereof. WITNESS MY HAND AND SEAL this _____________________ day of ________200__ in , Philippines.

NOTARY PUBLIC Doc. No. _____ Page No. _____ Book No. _____ Series Of 200___