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The Ralph, Inc. signed a loan agreement subject to the following terms: 1. Stated interest rate of 18% on a one-year discounted loan; and 2.

The Ralph, Inc. signed a loan agreement subject to the following terms: 1. Stated interest rate of 18% on a one-year discounted loan; and 2. 15% compensating non-interest bearing checking account balance to be maintained by ralph inc. with Manila Commercial Bank

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