LOAN TERM AGREEMENT

I. Borrower
B Builders Steel Manufacturing Corporation
Company
II. Amount $1 Million (ONE MILLION US DOLLARS)
III. Interest 8%
Quarterly
Schedule of Payment:
IV. Terms of The borrower shall pay ________ every first Friday of the month of
Repayment every quarter each year.
Mode of Payment:
The borrower shall issue a check in favor of the bank -------------
Real Estate Mortgage over the following properties:
1.Two building factories located at Lot 709 Calamba St., Laguna
Industrial Zone including but not limited to the following
equipment:
a.) Steel Sheet corrugator
b.) Block Sheet flat iron
c.) All other machines and facilities which though may be
movable by nature are attached to the said tenements and are
V. Forms of reasonably necessary for the business conducted therein.
Security Chattel Mortgage over the following properties:
1. Fifteen (15) converted delivery trucks (modified for steel plate
and specialized products delivery)
Joint and Solidary Security from the following persons and under the
following terms:

Insurance over the mortgaged properties under the following terms:

VI. Other special Acceleration of Payment:

requirements In the event that the borrower defaults on the payment of its loan
VII. Default The borrower shall be deemed in default when:
a.) It fails to deliver to the head corporate office of the lender the check
due every first Friday of the month -----
b) The check which the borrower has issued is found to have
insufficient fund to cover the amount due on the period he has paid for.
c.)-----------------------
In the event that the borrower has defaulted, the borrower shall :
1.) (Condition A)
2.) (Condition B)
VIII. Settlement and Litigation

Accepted by:

Mr. LEONIDAS NO MO NEE

President
B Builders Steel Manufacturing Corp.