CONTRACT TO SELL

KNOW ALL PERSONS BY THESE PRESENTS:

JOSE VILLAROSA, of legal age, Filipino Citizen, married to CONSUELO COLLADO, and
residing at Purok Namnama Barangay Cuambogan, Tagum City, Davao del Norte, Philippines herein
represented by attorney-in-fact JECRIS P. EDIG by virtue of a Special Power of Attorney,
denominated as Document No. 94, Page No. 19, Book No. XXVI, Series of 2020 in the Notarial
Registry of Notary Public Atty. Niel John A. Villarico, hereinafter collectively referred to as the FIRST
PARTY; and
___________________________, of legal age, single/married, Filipino, and a resident of
____________________________________, hereinafter referred to as the SECOND PARTY.

WITNESSETH:

WHEREAS, the First Party are the Registered Owner of the parcel of land, covered by
Transfer Certificate of Title No. T-124307 consisting an area of 20,000 square meters more or less
and situated at Barrio Cuambogan, Tagum City, Davao del Norte, Philippines.
WHEREAS, the First Party desire to sell a portion of the above-described property and the
Second Party agree and promise to buy the aforementioned property;
NOW THEREFORE, in view of the foregoing premises, the PARTIES hereby agree to this
Contract to Sell, and hereby bind themselves to the following terms and conditions, to wit:
1. The First Party binds and undertakes to develop the above-stated parcel of land into RAW LOTS
SUBDIVISION, which would be totally ready for occupancy in ________________:

2. The Second Party is hereby investing the amount of ONE HUNDRED THIRTY THOUSAND
PESOS (Php130,000.00) in cash fully paid to the Frist Party, and receipt of which is hereby
acknowledged by the latter.

3. In consideration of the given investment of the Second Party, he is immediately ENTITLED upon
the development of the RAW LOTS SUBDIVISION in ____________, to _____(___)
SUBDIVISION UNITS, particularly identified as PHASE ______ BLOCK _____, LOT ______at
__________ (___) Square Meters of the Subdivision Plan, copy of which is attached herewith
and forming part hereof. This contract does not include however the payment of the taxes, fees
and charges in the processing of the title of the Second Party over the identified subdivision unit.

4. Any advance payment by the Second Party of the monthly investment shall entitle him/her to a
discount of TWO PESOS (Php2.00) PER DAY. A penalty of ONE PESO (Php1.00) PER DAY shall
be assessed for delay in the monthly payments.

5. Failure on the part of the Second Party to pay THREE (3) CONSECUTIVE MONTHLY
INVESTMENT PAYMENTS shall automatically render this contract CANCELLED without further
notice. In the first SIX (6) MONTHS of the investment, it is agreement of the parties that the
investment payments made by the second party shall be forfeited in case of cancellation of this
contract. After SIX (6) months of investment, the Second Party is already entitled to the return of
the investments already paid in case of cancellation, less the following fees and charges:
a. CANCELLATION CHARGE 20%
b. AGENCY CHARGE 7%
c. MANAGEMENT CHARGE 3%
d. DOCUMENTATION 20%
Total: 50%

6. The Second Party shall have the right to SELL or TRANSFER his/her investment to third persons,
provided that he shall give the First Party the RIGHT OF FIRST REFUSAL to buy out his/her
investment. In this case, the Second Party shall serve notice in writing to the First Party of his/her
 intention to sell his/her investment, indicating therein the selling price in case of sale. The First
Party shall have FIVE (5) DAYS from notice to exercise his right of first refusal, after the lapse of
which the same is deemed waived.

7. In the case of preceding paragraph, the buyer of the investment shall assume the rights and
obligations of the Second Party under this contract.

8. In case of failure of the First Party to carry out the RAW LOTS SUBDIVISION, the SECOND
PARTY shall be entitled to the return of his/her investment which shall earn income equivalent to
FIVE PERCENT (5%) PER ANNUM computed from the time of payments. In this case, the total
amount of his/her investment including the income shall immediately become due and
demandable on 01 January 2026.

9. In event that the Second Party failed to pay the three (3) consecutive months his/her investment
will be forfeited in favor of the first party.

10. Payments made by the Second Party shall be made at the office of the First Party or to his duly
authorized representative/collector. The First Party shall issue Acknowledgment Receipt and shall
serve as primary evidence of the Second Party’s payments. The Second Party shall always keep
them at all times.

11. The Agents of the First Party are not authorized to receive payments. Only payments made at the
office of the First Party or to his authorized collectors shall be credited as valid payments. Thus, if
the Second Party pays not at the office of the First Party or to his authorized collectors, it is the
obligation of the Second Party to verify if his/her payments are actually credited to his investment.

12. The parties bind themselves to abide by the provisions of this contract in all good faith.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this _____________
at Tagum City, Davao del Norte, Philippines.

For: JOSE VILLAROSA

represented by:
_________________
JECRIS P. EDIG Second Party
First Party
Signed in the presence of:
___________________________ & ___________________________

ACKNOWLEDGMENT
Republic of the Philippines )
City of Tagum ) S.S.
x--------------------------------------x

BEFORE ME, this ______________, personally appeared the First Party and the Second
Party, known to me the same persons who executed the foregoing Contract to Sell, and they
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and place first above written.

Doc. No.________
Page No.________
Book No.________
Series of 2020