ACKNOWLEDGMENT RECEIPT

This is to ACKNOWLEDGE the receipt of payment from JAIME C.

GONZALES (VENDEE) as DOWNPAYMENT in the amount of TWO
HUNDRED THOUSAND PESOS (PHP 200,000.00), Philippine Currency
anent a CONTRACT OF SALE of a Motor Vehicle with DP and Agreement
for the Payment of Balance executed between the parties hereto.

Payment received at the residence of the VENDEE at Don Lorenzo

Subd., Sta. Rita West, Aringay, La Union.

PAYMENT RECEIVED BY:

CARLITO C. BALANGUE ______________________ _________

(VENDOR) Signature Date

WITNESSED BY: ______________________ _________

Printed Name / Signature Date