ACKNOWLEDGMENT OF DEBT KNOW ALL MEN BY THESE PRESENTS: I, CRISPIN BASILIO, Filipino, of legal age, married, and residing

at #55 Dahlia Street, Citihomes Subdivision, San Nicolas, Iriga City, witnesseth and declare: 1. That I am indebted in the sum of One Million Pesos (Php 1,000.000.00), Philippine Currency, to Florante Laura, also a Filipino, of legal age, single, and residing at Lot 7 Block 7 Nicoville Subdivision, San Nicolas, Iriga City; 2. That I hereby promise and undertake to pay in full the sum of One Million Pesos (Php 1,000,000.00) unto the said Florante Laura, on April 7, 2013 without the need of any demand. IN WITNESS WHEREOF, I have hereunto set my hand this 7th day of April, 2012 at Iriga City, Philippines.

CRISPIN BASILIO Affiant

Signed in the presence of: MARIA MAKILING Witness JUAN TAMAD Witness

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ACKNOWLEDGMENT REPUBLIC OF THE PHILIPPINES) CITY OF IRIGA ) S.S. BEFORE ME, this 7th day of April 2012 at Iriga City, Philippines personally appeared CRISPIN BASILIO, with Passport No. 998877 issued at DFA, Legazpi City on May 6, 2010 and his CTC No. 32909355 issued at Iriga City on January 3, 2012, known to me and to me known to be the person who executed the foregoing instrument, and he acknowledged to me that the same is his voluntary act and free will. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal the day, year and place above written.

ATTY. MANOLIN BELZA Notary Public My commission expires on December 31, 2012 ROLL No. 12345- March 30, 2010 IBP No. 98765 January 2, 2012, I.C. PTR No.1234567 Jan. 02, 2012, I.C. Doc. No.: 456; Page No. : 78; Book No.: III; Series of 2012