PROMISSORY NOTE

(Date)
P_____________ ____________________, Philippines

________ months (or days) after date, I promise to pay, for value received, to
_____________________ or order the sum of _______________________PESOS, with interest
at ______percent per annum after maturity until paid. The makers and indorsers severally waive
presentment for payment, protest, and notice of non-payment of this note.

_____________________
Maker

Doc. No. ____

Page No. ____
Book No. ____
Series of 20___