CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL, made and executed this ____ day of _________, 20__ by and between:

XXX married to YYY, represented by its co-owner/heir and Attorney-In-Fact, SSS,

married/single, of legal ages, Filipino citizens with postal address at _________________________,
_____________________ City, Philippines, herein referred to as "SELLER";

-AND-

BBB, a corporation duly organized and existing under and by virtue of the laws of the
Philippines, with office address at ________ ______________________________________________,
represented herein by its ________ ___________, _____________________, duly and legally
authorized by its Board to enter into this transaction, hereinafter referred to as the "BUYER".

WITNESSETH;

WHEREAS, the SELLER are the absolute owners of a house and lot thereon located at
____________________________________. _____________ City, with an area of
_______________________ (BBB) square meters covered by Transfer Certificate of Title No.
_________ and ___________________________________ (DDD) square meters covered by Transfer
Certificate of Title No.___________, or a total of ___________________________________ (GGG)
square meters, of the Registry of Deeds for the City of _____________;

WHEREAS, the BUYER has offered to buy and the SELLER agreed to sell the above
mentioned property under the terms and conditions herein below set forth;

NOW, THEREFORE, for and in consideration of the sum of

___________________________________ PESOS (Php_____________.00) Philippine currency, and of
the covenants herein after set forth the SELLERS agree to sell and the BUYER agrees to buy
the aforesaid property subject to the following terms and conditions:

1. That property is sold on “as is, where is” basis or state of property. SELLERS however
warrant the BUYER subject property free from liens, encumbrances & adverse claims
from other parties;

2. The total consideration is in the amount of _______________________________________

PESOS (Php________________.00), Philippine Currency, payable as follows:

a) That upon SELLER’S acceptance and signing of Letter of Intent to purchase the
property, BUYER shall pay the Earnest Money amounting to
________________________________ PESOS (Php________________) representing
_____________ percent (_%) of the total contract price. Earnest money is subject for
forfeiture as liquidated damages in favor to the SELLER should the BUYER fail to
satisfy or meet the payment conditions;

b) The balance of __________________________________________ PESOS (Php____________)

or the _________________ percent (______%) of the total contract price shall be put into
an Escrow Account in a bank mutually nominated by both parties with payment
schedules as follows:

1. Payment release of _________________________ PESOS (Php_____________.00),

representing ____________ (___0%) percent of the total contract price upon
signing of Deed of Absolute Sale by both parties or within Thirty (30) days from
the acceptance of Letter of Intent and Earnest money, whichever comes first;

2. Balance and full payment of _______________________________________ PESOS

(Php______________.00) or the _____________ (____%) percent of the total
contract price shall be released & paid to the SELLERS upon fulfillment and
complete transfer of property title to the BUYER’s name;

3. Capital Gains Tax and Broker’s Professional Fee of _______ (%), shall be for the account of
the SELLERS;
 4. Documentary Stamps Tax, Registration Fee, Notarial and all other miscellaneous fees and
expenses related to the transfer of title name to new owner shall be for the account of
the BUYER;

5. The SELLERS shall likewise execute and/or deliver any and all documents, including but
not limited to the original copy of Transfer Certificate of Title, Tax Declaration and all
other documents necessary for the transfer of ownership from SELLER to the BUYER;

6. That except for the Earnest Money, as stated in the terms and conditions number 2.a of
this agreement, SELLER shall return the amount of _____________________________________
PESOS (Php___________.00) or the _________________ (___%) of entire consideration to the
BUYER should there be failure to transfer the title to the latter’s name;

7. Possession to the subject property shall be delivered by the SELLER to the BUYER upon
full payment of the total consideration.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ___ day of
____________, 20__ at _________________________, Philippines.

(SELLER) (BUYER)
Name Name

SIGNED IN THE PRESENCE OF:

__________________________ ____________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.

BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared

the following:

Name ID & Number Date/Place Issued

_________________ ________________ ________________________
_______________________ ________________ ________________________

This instrument, consisting of ___ page/s, including the page on which this acknowledgment is
written, has been signed on the left margin of each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above written.

Notary Public
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 20__.