Basically what this is is a Trade your smartphone for a SMARTER  phone kind of event where in you can trade your older-desperately-wanting-to-be-upgraded Phone into a better and smarter smartphone. So this is how it will work:

***

First:

Go to the Samsung Galaxy Note 2 Studio in the SM Mall Of Asia Atrium and look for the trade-in perssonel.

Show them your smartphone so they can asses and give their value of your phone. Assessments will be done based on the phones condition, general appearance, model, and current market value. 

Please do note that WORKING CONDITION is important here.

Second:

After the assessment by the assigned booth personnel and value has been given to your phone, and you have agreed with the value that the personnel has given you, they will secure the approval and proceed with closing the deal, you will then have to turn over the unit to the personnel and they will give you a voucher equivalent to the value given for your phone. Please be attentive and give the phone to the personnel only. Scammers might be on the event to try to take advantage of your excitement.

Third:

Buy the Samsung Galaxy Note 2. Head on to the purchase counter and purchase your phone, present the voucher and pay the needed additional amount. Please note that only 1 unit purchase per person only. The
Samsung Galaxy Note 2's suggested retail price is Php32,990.

Everyone who will purchase the Note 2 at the event is entitled to an additional Php1000 gift voucher or a Free Samsung Flip Cover.

Here is the List of the eligible phones for trade on the event.

NOTE: Trade-in events for brand new smartphones a pretty rare occasion in this country and this might be a pretty good chance for those interested to finally shift to the Note 2.

RANT: This is a very good opportunity to get the Note 2, The funny part is that you can trade your Iphone 5 for it. So with the price of the Iphone 5 being Php40k and up will the Galaxy Note 2 come in free? haha! I would not need to look for a buyer anymore. I just do sincerely hope that the trade in personnel will be kind and not axe murder me with a very poor value for my phone. I really hope they give proper values for the phone.

Source: Samsung Mobile Philippine including all photos and info.