TERMS AND CONDITIONS 1. CORRECTNESS OF INFORMATION. By submitting this form, you affirm that the information provided herein are true and correct. Any misrepresentation or incorrect information found shall be cause for denial or rejection of the application. 2. CREDIT INTEREST. The Borrower shall pay the loan in 14 days with the interest rate of zero percent (0%) or within 15 to 31 days with the interest rate of five percent (0.05%). The interest rate shall be paid on the final payment of the loan period. 3. LATE PAYMENT. Late payments made by the borrower three days (3 days) after the full month (31 days) shall incur late payment charges of three percent (3%) of the total invoiced amount and another 0.005% per day thereafter. 4. PAYMENT OF LOAN METHOD. The Borrower shall make payments under this loan either in cash, check, Paypal, fund transfer or any negotiable instrument. 5. CONFIDENTIALITY. Any information that Butuan Online Grocery may acquire through the course of this agreement shall be recognized as Confidential Information. Butuan Online Grocery shall keep confidential the confidential information and shall exercise the same degree of care required by law. 6. SEPARABILITY CLAUSE. Should any provision of this Agreement be held invalid by any competent court, the same shall apply only to the provision involved and the remaining provisions hereto shall remain valid and enforceable. 7. AGREEMENT MODIFICATION. Any modifications or alterations to this agreement shall only be considered as agreed by the parties in the existence of a written document signed by both parties. 8. COUNTERPARTS. This agreement may be executed in two or more counterparts each of which shall be deemed an original and all of which together shall constitute one and the same agreement. 9. GOVERNING LAW. This agreement shall be governed by and construed in accordance with and only of the laws of the Republic of the Philippines. 10. RELATIVITY. This agreement inures to the benefit of, and is binding upon the successions and assigns of the parties hereto. 14. NON-WAIVER. The failure of any party to insist upon the strict compliance with and performance of any of the terms, conditions, and covenants shall not be deemed as a waiver of said party may have over such breach. Only by expressed written consent and duly signed by the parties may a proper waiver be considered as having been made.