PROMISSORY NOTE Date: City of, Republic of the Philippines PhP For value seceived, =, a corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines, with principal office address at No. represented herein by its ; , and zeferzed to herein as “Maker”, for value received promises to pay to the order of : residing at referred to herein as “Payee”, the principal sum of (PhP______) to be due and payable on or on such date corresponding to the Final Closiag Date under the same Buy Back Agreement, Maker waives demand, presentment, protest, notice of protest, and notices of dishonor, and maker waives its right to all other notices or demands that might otherwise be required by law. If this note is not paid when due, Maker agrees to pay all costs and expenses of collection, ‘This note shall be governed and construed in accordance with the laws of the Republic of the Philippines. Maker Payee Signed in the presence of: Signature Over Pamted Name Signature Over Painted Name