____ July 2018

ACKNOWLEDGMENT RECEIPT

Received from __________________, in my personal capacity,

___________ (“Check”) amounting to ONE MILLION SEVEN
HUNDRED NINETY THOUSAND PESOS (PHP1,790,000.00) and in
consideration thereof, I agree to hold and safe-keep the said Check in
trust/favor of the following persons, namely: ________________________
(hereinafter collectively referred to as the “Recipients”).

Further, I agree to hand the Check to the Recipients only upon

being notified of ____________ or any of its duly authorized
representative/s to do so. In the event that no notice is given by
________________ within seven (7) days from the date this document is
executed, I undertake to immediately surrender and/or deliver the
Check to ___________ or any of its duly authorized representative/s.

Received by:

________________________