PROMISSORY NOTE

I, MADELYN JALIQUE JAVELLANA, of legal age, Filipino, married, and resident of

Brgy. Balabag, Pavia, Iloilo, do hereby acknowledge my accountability in the amount of FOUR
HUNDRED TWENTY SIX THOUSAND PESOS (Php426,000.00) to JOSEFINA
SOQUEA, also of Brgy. Balabag, Pavia, Iloilo.

I do hereby bind myself to pay the said account of FOUR HUNDRED TWENTY-SIX
THOUSAND PESOS (P426,000.00) within the period of two (2) years.

Iloilo City, Philippines. December 29, 2016.

MADELYN JALIQUE JAVELLANA

SIGNED IN THE PRESENCE OF:

_________________________ _________________________

SUBSCRIBED AND SWORN to before me this _________________ at Iloilo City,

Philippines. Affiant exhibited to me her PRC No. 0582032, valid until January 27, 2017.

Doc. No. __________;

Page No. __________;
Book No. __________;
Series of 2016.