EARNEST MONEY RECEIPT AGREEMENT

Received from (Name of Buyer) with postal address at ( Address), the sum of (Amount in
Words) (P 000,000.00) covered by ABC Bank, check # 00000000 dated March 1, 2010
representing EARNEST MONEY for payment of a Two-Story house and lot located at (Address
of Property) covered by T.C.T. No.T-00000.

This EARNEST MONEY forms part of the purchase price of (Amount in words) (P
0,000,000.00). The balance and full payment shall be paid on or before __________________.

The BUYER hereby reserves the exclusive right to purchase the aforementioned property and
the SELLER cannot offer the aforementioned property to any third party until
_____________________.

Upon full payment, the SELLER shall execute a DEED OF ABSOLUTE SALE in favor of the
BUYER, conveying the subject property with full warranty of a legal and valid title as provided
by law, free and clear from any liens and encumbrances.

Upon execution of the DEED OF ABSOLUTE SALE, the SELLER shall undertake the payment
of the Capital Gains Tax. The BUYER shall shoulder the payment of the Documentary Stamps
Tax, Transfer Tax, Registration Fee and all other expenses to transfer the title of the property
under his name.

In case of voluntary cancellation of this agreement by the BUYER without any cause on the
part of the SELLER or if the BUYER fails to comply with his obligations mentioned, then the
SELLER shall have the right to terminate this agreement in which case the EARNEST MONEY
in the amount of (Amount in words) (P 000,000.00) shall be forfeited in favor of the SELLER as
liquidated damages.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this ______ day of
__________________ at _________________________, Philippines.

(SELLER) (BUYER)
Name Name
WITH MARITAL CONSENT:

________________________ _________________________ Name

of Seller’s Spouse Name of Buyer's Spouse

SIGNED IN THE PRESENCE OF:

__________________________ ____________________________

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
_____________________________ ) SS.

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

the following:

Name CTC Number Date/Place Issued

(Name of Seller) 10000000 February 5, 2010 / Pasay City

(Name of Buyer) 10000000 January 14, 2010/ Quezon City

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 2010