_______________________

PROMISSORY NOTE

For the value received, I promise to pay to the order of

_____________________________, the sum of
__________________________________ (Php________.00) PESOS,
Philippine Currency payable within a period of _______ (__) month/year
without interest from execution of this instrument.

________________________
Promissor
CEI No.________________

MADE IN THE PRESENCE OF:

_________________________ ___________________________