FORM NO.

35 Option to Purchase Real Property

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT OF OPTION made and entered into at _______________________,

Philippines, on this_____ day of ____________________, 19_______, by and between
_______________ of _________________and ___________________of __________________, both of
Philippine citizenship.

Witnesseth:

That for and in consideration of the sum of ________________________PESOS (P_______ ),

Philippines currency in hand paid by ____________________ unto ________________, receipt whereof
is hereby acknowledge, the said offeror, ________________,does hereby grant unto the said
offeree,________________ the absolute and unlimited option, right, and privilege to purchase at any time
within the period of _____________________ days from the dated hereof, the following described
property, to wit;

(Description of property)

And it is understood that the failure of the said _______________________ to exercise his option
within the above-mentioned period shall ipso facto cancel his right to purchase, as well as to the amount
paid, and thereupon this Option shall lapse, cases, and shall be of no further force and effect.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands at _____________,
Philippines, this ________ day of ___________________, 19____________________

(Signature of parties)

Witnesses:

ACKNOWLEDGMENT

126Art. 1479, C.C