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January 26, 1999 ACKNOWLEDGMENT RECEIPT Received from ______________________ the amount of TEN THOUSAND PESOS (P 10,000.

00) Philippine Currency, representing down payment for that certain motor vehicle more particularly described as follows Make Plate No. Model Color : Galant Super Saloon : : 1990 : Silver Gray

It is herby agreed that the total contract price for the above-described motor vehicle is ONE HUNDRED EIGHTY THOUSAND PESOS (P 180,000.00) Philippine Currency, and that the balance of One Hundred Seventy Thousand Pesos (P 170,000.00) will be paid on January 27, 1999.

(Seller)

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