(Promissory Note - Simple Form with Interest, Penalty, and Attorney's Fee)

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.

In case of default in the payment of this note plus interest when it becomes due
and demandable, I agree to pay an additional amount equivalent to _____________
(_______%) percent per month based on the total amount due and demandable as
penalty, compounded monthly until fully paid; and in case it becomes necessary to
collect this note through any Attorney-at-Law, the further sum of _____________
(_______%) percent thereof as and for attorney's fees, exclusive of costs and
judicial/extra-judicial expenses.

__Date__, _____________, Philippines.

MAKER