PROMISSORY NOTE

Amount: ______________________________

Date: ________________

Place: _______________________________
I Mr/s. __________________________ make a commitment to pay _____________________,
the sum of Php _____________________. Repayment is to be made in 12 equal payments at
the interest rate of 6% of the principal payable on the 15th of each month, beginning
__________ until the total amount of debt is paid.

In witness whereof, I set my hand under seal this ___ of ________, 20___ and I acknowledge
receipt of a completed copy of this instrument.

________________________
Signature over printed name

Address: