PROMISSORY NOTE

I, ___________________, of legal age, _______ citizen, and with address at

______________________ (hereinafter referred to as the “Promissor”), do hereby
promise to pay Richard Rivera, of legal age, Filipino, and with an office address at 622
Montalban St., Clarkview Subd. Brgy. Malabanias, Angeles City (hereinafter referred to
as the “Creditor”), the sum of Philippine Currency: One Hundred Fifteen Thousand
Pesos (PHP115,000.00) (hereinafter, the “Loan”)

The promissory note shall cover the unpaid balance of the Promissor to Riches
Car and Van Rental for the Motor Vehicle Leased. Provided as follows:
Date Unpaid Balance
October 2022 20,000
December 2022 15,000
January 2023 40,000
February 2023 40,000
Total: 115,000

The Loan shall be paid in full within ten (10) days from the date of the execution
of this document;

The condition of this promissory note is such that if the said Promissor, his heirs,
assigns and successors-in-interest shall well and truly perform the full obligation above
stated according to the terms thereof, then this promissory note shall be null and void;
otherwise, it shall remain in full force and effect and shall be enforceable in the manner
provided for by law.

In the event that the Promissor fails to pay the Loan upon the expiration of the
aforementioned period, the entire loan obligation shall become due and demandable.
Demand and presentment for payment must first be made by the Creditor and the
Promissor is hereby given five (5) days from the date of presentment to settle his
obligation. Failure of the Promissor to settle his obligation within the period given, the
loan shall incur an interest of six percent (6%) per month.

Provided that, should the Promissor fails to settle the loan as herein provided,
Creditor shall file the necessary court action, civil and/or criminal, against Promissor to
enforce compliance.

IN WITNESS WHEREOF, I have hereunto set my hand this ______ at Angeles

City.

_________________________________
Promissor