DEED OF ASSIGNMENT

For value received and pursuant to the terms and conditions of the __________________________ by and
between THE SELLER, a corporation organized and existing under and pursuant to the laws of the Republic of
the Philippines (“SELLER”), and THE BUYER (“PURCHASER”), a corporation organized and existing
under and pursuant to the laws of the Republic of the Philippines, SELLER hereby absolutely and irrevocably
sells, assigns and conveys to PURCHASER, its successors and assigns, all rights, title and interests of SELLER
in and to trade receivables (or interests in loans) or indebtedness to Philippine Appliance Corporation, in addition
to collaterals, security interests, mortgages, and similar rights and privileges related to such loans or
indebtedness (referred to as the “Trade Receivable”); as more particularly described in Attachment A, attached to
this Deed of Assignment and made an integral part hereof for all purposes.

Executed this ____________ day of ____________ in ____________.

SELLER:

THE SELLER
By:

Seller Representative
Authorized Representative

PURCHASER:

THE BUYER
By:

Buyer Representative
Authorized Representative

Signed in the presence of:

___________________________________ ___________________________________