LETTER OF INTENT TO TRANSFER TIMESHARE

Date____________________

Azalea Vacation Club

Foghorn, Inc.
76 Calbayog corner Libertad Street
Mandaluyong City, 1554

Carla R. Lipardo
General Manager

Dear Madam:
Subject to the execution of a definitive and mutually acceptable agreement, I express my
intent to transfer the full ownership of my Share in accordance with the following terms and
conditions:

1. SELLER:______________________________, of legal age, Filipino, single, with home

address at_____________________________________________________________________.

2. BUYER: _____________________________, of legal age, Filipino, single, with home address

at ___________________________________________________________________________.

3. SUBJECT SHARE: The Share which is the subject of this transfer is identified as PREFFERED A
(Deluxe) PA No. ___________.

I appreciate your assistance in this matter. Thank you.

Very truly yours,

_________________________