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AGREEMENT

This Agreement entered into by and between:

EVO Condominium, a private company duly organized and existing


under the laws of the Republic of the Philippines with address at 29 Fairbreeze
Drive, Bakakeng Norte, Bakakeng Baguio City, hereinafter referred to as
"SELLER"

and

(Name of Prospective Buyer), of legal age, with address at ____________,


hereinafter referred to as "BUYER"

ACKNOWLEDGE THAT:

WHEREAS, SELLER is the registered owner of EVO Condominium with TCT


No. ______, hereinafter referred to as the "PROPERTY;"

WHEREAS, BUYER is interested in acquiring the PROPERTY in a “As Is


Where Is” basis;

WHEREAS, as a guarantee that the BUYER will not back out, earnest money in
the amount of seven hundred thousand pesos only is required to be deposited with
SELLER;

WHEREAS, BUYER has agreed to deposit the amount of seven hundred


thousand pesos as earnest money for the purchase of the PROPERTY;

NOW THEREFORE, for and in consideration of the above premises, the parties
hereby agree as follows:

1. The earnest money deposited shall be treated as a reservation fee and shall
form part of the purchase price. As such, the amount of seven hundred
thousand pesos deposited with SELLER shall be deducted from the full
purchase price. The balance of the purchase price shall be made known to the
BUYER.

2. The reservation fee shall serve as a guarantee that BUYER shall not back out
from purchasing the PROPERTY. If for any reason BUYER decides to back
out, BUYER agrees that the reservation fee shall be forfeited in favor of
SELLER as liquidated damages.

3. BUYER shall have Three (3) Months or until December 10, 2018 to
consummate the sale. If within said period no sale materializes due to no
fault or negligence of SELLER, he shall be considered to have backed out of
this agreement, in which case, the earnest money shall be considered
forfeited.

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed


on _________ at ____________

SELLER Prospective Buyer

By: ___________________

_____________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

BEFORE ME, a Notary Public for and in the city of ________, on this ______
day of ______________ 2018, personally appeared the following:

Name Gov't issued ID No./Passport No. Date/Place


Issued

__________________
__________________

known to me and to me known to be the same persons who executed the foregoing
Agreement and acknowledged to me that the same is their free and voluntary act and
deed, as well as the fee and voluntary act and deed of the Corporation which they
respectively represent.

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

Doc No. ____; NOTARY PUBLIC


Page No. ____;
Book No. ____;
Series of 2018.

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