KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT OF OPTION made and entered into at Quezon City, Philippines, on
th
this 5 day of March, 2015, by and between JUAN DELA CRUZ of 34 Matalino St., Quezon
City, Philippines and MARIA REYES of 21 D. Tuazon St., Quezon City, both of Philippine
citizenship,

WITNESSETH:

That for and in consideration of the sum of FIVE HUNDRED THOUSAND (500,000.00),
Philippine Currency, in hand paid by JOSEPH C. CRUZ unto CARMELITA V. VITO receipt
whereof is hereby acknowledged, the said offeror, CARMELITA V. VITO does hereby grant unto
the said offeree, JOSEPH C. CRUZ, the absolute and unlimited option, right and priviledge to
purchase to any time within the period of sixty (60) days from the date hereof, the following
described property, to wit:

A parcel of land (Lot 3, Block 1 of the subdivision plan (LRC) Psd-1111, being a portion
of Lot 1-B, described on plan Psd-12222, LCR (GLRO) Rec. No. (NA), situated in the
Barrio of Bomber, District of Sampaloc, City of Manila. Bounded on the N., points 1 to 2
by Lot 1, Block 1; on the E., points 2 to 3 by Road Lot on the S., points 3 to 4 by Lot 5;
and on the W., points 4 to 5 by Lot 6; points 5 to 6 by Lot 4, and points 6 to 1 by Lot 2, all
of Block 1, all of the subdivision plan. Beginning at a point marked “1” on the plan, being
N. 14 deg. 20’ E., 53.29 m. from Mon. #1, Dist. of Sampaloc, City of Manila,

thence N. 87 deg. 09’E., 13.88 m to point 2;

thence S. 3 deg. 14’E., 17.64 m to point 3;
thence S. 88 deg. 01’W., 13.88 m to point 4;
thence N. 2 deg. 48’W., 2.45 m to point 5;
thence N. 4 deg. 05’W., 8.43 m to point 6;
thence N. 2 deg. 17’W., 6.55 m to the point of beginning;

containing an area of TWO HUNDRED FORTY-FOUR (244) square meters, more or

less. All points referred to are indicated on the plan and are marked on the ground by P.S. cyl.
Conc. Mons. 15 x 60 cm.s; bearings true, date of the original survey. December 17, 1908 &
February 14 – 17, 1966.

And it is understood that the failure of the said JOSEPH C. CRUZ 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, cease, and shall be of no further force and
effect.

IN WITNESS WHEREOF, the parties hereto have set their hands at Quezon City,
Philippines, this 5th day of March, 2015.

(Sgd.) Joseph C. Cruz (Sgd.) Carmelita V. Vito

SIGNED IN THE PRESENCE OF:

(Sgd.) Patrick L. Asuncion (Sgd.) Rita O. Uy

ACKNOWLEDGMENT