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Promissory Note

1. FOR THE VALUE RECEIVED, (Borrower) promises to pay (Lender)


the principal sum of One Thousand Qatari Riyal (1500 QR), with
interest payable on the unpaid principal at the rate of 8%
compounded monthly beginning July 1, 2016.

2. This Note will be repaid in full on _______________.

3. All cost and expenses including without limitation, the complete legal
costs incurred by the Lender in enforcing this note as a result of any
default by the Borrower, will be added to the principal then
outstanding and will immediately be repaid by the Borrower.

4. This Note will be construed in accordance with and governed by the


Philippine Laws. The venue for any action arising from this note shall
be in the Philippines.

5. This Note inures to the benefit of the family of the borrower.

IN WITNESS WHEREOF the Borrower has duly affixed their signature on


________________.

Borrower

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