(Promissory Note Simple Form with Interest)

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.
__Date__, _____________, Philippines.

Maker
(Promissory Note for Commercial Lending Financing)

PROMISSORY NOTE
_____________

FOR VALUE RECEIVED, I/We jointly and severally promise to pay without need of
demand to the order of __Name of Payee__, at its office at _____________,
Philippines, the sum of PESOS: __________________________
(P_____________), payable in installment for a period of _____________ months
at the rate of __________________________ (P_____________) per
_____________, starting on _____________ until fully and completely paid.

Time is declared of the essence hereof and in case of default in the payment of
any installment due, all the other instalments shall automatically become due and
demandable together with all interest that may have accrued and shall make me
liable for the additional sum 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, which shall not be less than
P_____________ in any event, exclusive of costs and judicial/extra-judicial
expenses Moreover, I further empower the holder or any of his authorized
representative(s), at his option, to hold as security therefore any real or personal
property which may be in my possession or control by virtue of any other contract.
In case of extraordinary change in value of the peso due to extraordinary inflation
or deflation or any other reason, the basis of payment for this note shall be the
value of the peso at the time the obligation was incurred as provided in Article
1250 of the New Civil Code.

DEMAND AND NOTICE OF DISHONOR WAIVED. I hereby waive any diligence,

presentment, demand, protests or notice of non-payment or dishonor pertaining to
this note, or any extension or renewal therefore. Holder(s) may accept partial
payment(s) and grant renewals or extensions of payment reserving its/their rights
against each and all indorsers, and all parties to this note. Acceptance by holder(s)
of any partial payment(s) after due date shall not be considered as extending the
time for payment or as a modification of any conditions hereof.
All actions arising from or connected with this note shall be brought exclusively in
the proper courts of Bacolod City, Philippines; and in case of judicial execution of
this obligation or any part of it, the debtor waives all rights under the provisions of
Rule 39 Sec. 13, of the Rules of the Court.
__Date__, _____________, Philippines.

MAKER
 BILL OF EXCHANGE

DRAWN UNDER LETTER OF CREDIT NO LC304/3610/12IC ISSUED AT AMSTERDAM, ON

04.FEBRUARY.2013
ISSUED BY COMMERZBANK AG FRANKFURT AM MAIN EUR 100,000.00.
GERMANY.

AT SIGHT PLEASE PAY AGAINST THIS DRAFT TO THE ORDER OF OURSELVES THE SUM OF ONE

HUNDRED THOUSAND EURO AND ZERO CENT ONLY.

Drawee: Drawer:
COMMERZBANK AG, EXPORT HANDEL NV
FRANKFURT AM MAIN BRANCH PO BOX 123 AMSTERDAM
GERMANY HOLLAND
(signature / stamp)