PROMISSORY NOTE

P_____________
FOR VALUE RECEIVED, I promise to pay without need of demand to the order of __Payee__, at
his office at _____________, the principal amount of PESOS: __________________________
(P_____________), on or before _____________. In addition to the foregoing, I promise to pay
monthly interest at the rate of _____________ (_______%) percent, without need of demand,
starting from the month of _____________ until this note is fully paid.
__Date__, _____________, Philippines.