Ve ‘THIS COLLATERALIZED PROMISSORY NOTE IS ISSUED FOR ‘| (520,000.00) Dollars. The unpai ID Number:{ TRG Global, SRL. Collateralized Promissory Note [820,000.00 — _ ‘Twenty Thousand United States Dollars 330,000.00 | ‘ONSOLIDATION AND REPLACEMENT OF ALL PROMISSORY, NOTES REVIOUSLY ISSUED BY: The Republic Group, Ine. By execution of this Collateralized Promissory Note, TRG Global, SRL. (Borrower), hereby promises to pay TP Payce) the principal sum of Twenty Thousand ‘Principal amount shall bear interest from the date hereof until ‘such amount is paid in full as set forth in the schedule below. Marah 1, 2017 $20,000.00 (Twenty thousand dollars) "TRG Global, SRL 9 Abraha Lincoln Avene, Sato Domingo, Rep. Dom: TOT Payment of Interest Payment of Principal ‘Term Periodie payments in increments until paid in Variable ‘lateral: All portfolios of loans and accounts receivuble currently, or in the future owned by TRG Global, IRL, are hereby pledged to all Noteholders, as @ group, for security of payment in full of all Collateralized Promissory Notes, ‘Default: In the event of default in the payment ofthe entire balance, including accrued interest, all proceeds from the sale ofthe Collateral shall accrue to the Notcholders on a pro-rata basis unit the notes are paid in Jul; furthermore the Payee may declare this Promissory Note in default and exercise any or all legal rights, [and remedies granted Payce for collection of all amounts due. Notices: Unless applicable law requires a different method, any notice that must be given to either party of ‘this Promissory Note shall be considered given by delivering it, or by mailing it by frst class mail to the last known address of the party. Waivers: Failure at any time to exercise any ofthe rights ofthe Borrower hereunder shall not constitute @ waiver of such rights and shal not be a bar to exercise of any of such rights at alter dat. IN WITNESS WHEREOF, the undersigned Borrower has caused this Promissory Note to be uly executg! as ofthe date first written below.R The Republic Group Monthly Account Statement | Last Statement Tax Number February 5, 2017 | 1/05 - 01/05 “10572017 NiA Title of Account ‘Address of Account Monthly Beginning Balance $20,000.00 | Monthly Interest Earned $600.00 Interest Paid to Date: $6,400.00 | Account Balance ‘$20,000.00 ee Interest Earned Interest Yield Current Period [Year to Date - 2017 Monthly Yield ‘Total, Yield $600.00, $1,200.00 3.0% 36.00% “Intereat Payment $600.00 Pald by ACH Transfer to BPPR Bark Aon SHOULD YOU HAVE ANY QUESTIONS ABOUT THIS STATEMENT, PLEASE CAL THE NUMBER BELOW Miami Ofce 205-728.5182 MIAMI « SANTIAGO + SANTO DOMINGO + SAN JUAN 444 BRICKELL AVENUE. SUITE 51-446, MIAMI, FLORIDA 33131 TEL. 305-728-5152 + FAX: 305-728-5288 www.therepubliccompanies.comMEMORANDUM OF NOTIFICATION Attn: TRG Promissory Noteholders We are pleased to inform you that the Company has been working to convert a portion of assets into liquidity, as well as merging into a publicly traded entity for additional liquidity, and anticipate being in a position to begin paying down principal within the next 10 days. Although the Company had been working on a merger for some time; the suspension of interest ents was Ce n; but while preparing financial statements for the fnerger itwas discovered thal THG Global SRL; accessor Company To The Republic Group, In. was the viotim of a massive and sophisticated embezzlement scheme perpetrated by four lawyers in Dominican Republic. This was a complete shock that no one foresaw, and exhausted the Company's liquidity and tet no aitemative except suspend interest payments. We were reluctant to disclose the embezzlement to Noteholders, and chose instead to attempt paying off Noteholders earlier than initially planned by using liquidity available after the company merger was complete. in retrospect, the Noteholders should have been made aware of the theft and of the anticipated delays that would likely occur, and for this we apologize. ‘The situation we find ourselves in is not the result of mismanagement or fraud, but is due to a theft by four lawyers, all of whom are facing jail. We are hopeful Notehoiders will seriously consider as to why we are im this situation, and be patient until all Notehokders are paid in full Since capital needed for payofts will be generated by liquidating assets and shares of stock; all Noteholders will not be paid in full on a specific date, but principal pay downs are estimated to commence in approximately 10 days and full payoff will be accomplished in the shortest possible time. The Company is designating an accounting firm to administer the repayment process and manage disbursements, For accuracy and simpification of calculating principal curtailments, accrued interest, and remaining balances; the Company will immediately begin issuing new collateralized Cerficates to Noteholders with ‘multiple Notes, which will combine the balances of all outstanding Notes. The new collateralized Notes will be dated as of the date of the last interest payment received, will be collateralized by loans receivable, and accrue interest at the rate of 10% on the unpaid balance until paid in full. All single Noteholders will also receive a collateralized and interest bearing certificate for replacement. Since principal payments will occur in increments; the new certificates will give Noteholders collateral and accrued interest on the unpaid balance while waiting until all principal has been fully repaid. This solution is not perfect, but will allow the Company to survive and give it time to pay off all Noteholders, during which time; Noteholders will have collateral for their investment and will be accruing interest until paid in full. The altemative for Noteholders of initiating legal proceedings would likely force the Company to file for bankruptcy protection, and needless to say, that is almost never the best course of action for anyone, and we are hopeful that is not a course the Company is forced to pursue. The Company's only creditors are the Noteholder's, and have no intentions of filing for bankruptcy protection unless forced by the initiation of legal proceedings. In the coming days, all Noteholders will receive a new interest bearing collateralized Note for the total ‘amount due each Noteholder, and the beginning of principal curtailment will follow soon thereafter, We are truly sorry this occurred and look forward to finalization as soon as possible.{609 Abraham Lincoln Avenue, Santo Domingo, Republica Dominicana July 7.2017 The fi recently became aware of some Noteholders with seri priority checks for repayment of principal are scheduled to begin this first week of July, and since we us health issues; those will be the Company's first ‘As previously stated, the Company's resources for repayment will be derived from asset sales and sales of stock, and therefore principal will be paid down in increments. To keep to a minimum further accrual of interest, the objective is to begin reducing principal to large investors alter disbursements to Noteholders with health issues are completed. In preparation to begin paying down Noteholders as stated in our previous memo, please find enclosed collateralized promissory note that replaces your existing Notes, and consolidates them into one collateralized promissory note. This promissory note is collateralized by loans and accounts receivable and accrues interest at the annual rate of 10% until all principal is paid in full. The consolidation Note is dated March 1, 2017, and accrued interest will be calculated on the unpaid balance from that date until paid in full. Please disregard the old Promissory Notes since all principal repayment will be calculated using this new consolidated Promissory Note. Thank you again for your patience as we work to repay all Noteholders in full, which will require time and patience, but in the meantime, you will be earning, 10% accrued interest and are collateralized. Respectflly