ACKNOWLEDGEMENT RECEIPT AND TERMS OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

That I, ________________________________ (VENDOR), Filipino, of legal
age, married and with postal address at __________________________________,
hereby acknowledge receipt from ______________________________________
(VENDEE), Filipino, of legal age, married and with postal address at
______________________________
___________________________, the amount of One Hundred Seventy Thousand
Pesos (P 170,000.00) Philippine Currency, as payment of the motor vehicle and
hereby SELLS, TRANSFERS and CONVEYS to the VENDEE the motor vehicle
described as follows:

MAKE : TOYOTA
MODEL : 2006
TYPE : WAGON
ENGINE NO. :
FILE NO. :
CHASSIS NUMBER :
PLATE NO. :

The VENDOR warrants that he is the absolute owner of the said motor vehicle
and that the same is free from all liens and encumbrances and from any claims of
whatsoever nature.

IN WITNESS WHEREOF, the parties hereto have set their hands and affixed
the signature this _______ day of _____________ Antipolo City, Philippines.

_______________________ _____________________
VENDEE VENDOR

SIGNED IN THE PRESENCE OF:

_________________________ _________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF ) SS.

BEFORE ME, this _______________, in the City of Manila, Philippines,

personally appeared__________________________, with Res. Cert
No.___________, issued at ___________ on _______________ and
___________________________, with Res. Cert. No. _____________ issued at
______________________on ________________, both known to me to be the
same persons who executed the foregoing instrument, and they acknowledge to
me that the same is their free act and deed.

IN WITHNESS WHEREOF, I have hereunto set my hand and affixed my

notarial seal, this ________________________ at
________________________________.

_____________________________
NOTARY PUBLIC
Not. Reg. No. _________;
Page No. _________;
Book No. _________;
Series of _________;