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 _______, 2___, by and between
_____________________ of ______________ and _________________ of
________________________, both of Philippine
citizenship,

WITNESSETH:

That for and in consideration of the sum of____________ PESOS (P_______________),

Philippine currency, in hand paid by _____________ unto ________, receipt whereof is hereby
acknowledged, 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 date 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, cease, and shall be of no further force and effect.
IN WITNESS WHEREOF, the parties hereto have set their hands at _________________,
Philippines, this ________ day of ___________, 2___.

________________________________
(Signature)
(Signature)

SIGNED IN THE PRESENCE OF:

____________________ ____________________

ACKNOWLEDGMENT