CONVERT TO INSTALLMENT PROGRAM MECHANICS The Convert to Installment Program is open to all principal cardholders of Bank of Commerce whose accounts are active and current. The cardholder may convert single or accumulated unbilled retail transactions and retail transactions that are reflected in the cardholder’s latest statement of account. Cash Advance transactions, casino and gambling transactions, interest charges, fees, installment amortizations and US Dollar billed transactions are not eligible. The monthly add-on rates are as follows: Term Monthly Add-On Rate Effective Interest Rate Per Annum Factor Rate Minimum Amount 6 1.00% 20.29% 0.176667 3,000.00 12 1.00% 21.46% 0.093333 3,000.00 24 1.00% 21.57% 0.051667 10,000.00 36 1.00% 21.20% 0.037778 10,000.00 To apply, the cardholder must call Bank of Commerce Customer Care at (02) 8632-2265 or toll-free numbers 1-800-10-9826000 for PLDT or 1-800-8-9826000 for Globelines at least three (3) banking days before the Payment Due Date. Bank of Commerce shall have the absolute and exclusive right to approve or reject Convert to Installment Program applications. Also, Bank of Commerce has the sole discretion to approve installment payment for only a portion of the amount applied for. If approved, an Installment Processing Fee of P250 shall be charged to the cardholder’s account. Rewards points earned from the retail transaction applied for conversion shall be deducted from the Card account upon conversion and shall be credited back monthly in such amounts corresponding to the portion of the principal component of the monthly installment billed on the Statement of Account. In case of pre-termination or cancellation of Convert to Installment Program by the cardholder, the cardholder shall be liable to pay in full the unpaid principal component of the Total Amount Payable and an Installment Pre-Termination Fee of P1,000.