EXCLUSIVE AUTHORITY TO SELL

AGREEMENT

KNOW ALL MEN BY THESE PRESENTS

This Exclusive Authority to Sell Agreement (the “Agreement” for brevity) made and executed
by and between:

BERNALDO O. GERAL married to NENITA O. GERAL, Filipino, and with residence at Brgy.
Mesaoy, Municipality of New Corella, hereinafter referred to as the SELLER;

-and-

GARY V. MANINGO, of legal age, single, Filipino and with residence at Mountain View Village,
Kalunasan, Cebu City; and EUGENIE MERRA M. LIM, of legal age, married, Filipino and with
residence at Goldenville Subdivision, Banawa, Guadalupe, Cebu City, hereinafter referred to as the
BROKERS.

WITNESSETH:

WHEREAS, a ce r t a i n real estate property exclusively owned by the

SELLER is available for sale, and hereby described as follows:

TITLE NO. Transfer Certificate of Title TCT no. T-169154

DESCRIPTION: A PARCEL OF LAND (Lot No. 1836-P-7, Psd-11-074523),

situated in the Barangay Mesaoy, Municipality of New Corella, Province of Davao del
Norte, Island of M i n d a n a o containing an area of 597 square meters more or less.
This is an exclusive property of BERNALDO O. GERAL.

WHEREAS, the BROKERS are licensed real estate brokers with appropriate licenses
issued by the Professional Regulations Commission (PRC) to practice real estate brokerage in the
Philippines pursuant to Republic Act 9646 or otherwise known as the Real Estate Service Act;

NOW THEREFORE, the SELLER has agreed to grant an exclusive authority to sell pertaining to
the above-described property to the BROKERS, subject to the following terms and conditions:

1. SUGGESTED SELLING PRICE

The total suggested selling price shall be FIVE HUNDRED THOUSAND PESOS
(P500,000.00), Philippine Currency or EIGHT HUNDRED THIRTY SEVEN AND FIFTY
TWO CENTS (P837.52) per square

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 meter, net of brokers’ commission. However, the said price, and terms of payment thereof,
shall be subject to further negotiation at the option of the SELLER.

2. TERMS OF PAYMENT
The preferred term of payment is Cash Basis, however subject to negotiation.

3. BROKERS’ COMMISSION
The broker’s commission shall be charged on top of the agreed net selling price, payable in
full upon full payment of the price to the SELLER;

4. TAXES AND OTHER CHARGES

The SELLER shall be responsible for the payment of capital gains, accrued real
property tax and any and all such expenses that may be agreed upon with the buyer.

5. ACCREDITATION OF BROKERS AND AGENTS

The BROKERS, being lead brokers with exclusive authority to sell, may accredit and further
authorize other licensed real estate brokers and real estate salespersons as sub-agents to sell
the above-described property following the same terms and conditions contained in this
Agreement;

6. PERIOD OF VALIDITY
a. This Agreement is valid for 12 months from execution, and during this period, only the
BROKERS and the SELLER can sell the above- described property. Upon the
expiration of the said period, the right granted to the BROKERS and to their accredited
sub-agents shall not automatically cease unless terminated by the SELLER, which
shall take effect after 30 days from receipt of the written notice of termination.

b. If the above property is sold directly by the SELLER or by any other brokers or agents
(excluding the BROKERS’ sub-agents), the BROKERS’ shall be entitled to a
commission of SIX PERCENT (6%).

7. MISCELLANEOUS PROVISIONS
a. The BROKERS shall invest in marketing, promotions and exert their earnest efforts to
sell the above property at the shortest possible time;

b. The BROKERS shall regularly furnish the SELLER the names and addresses of
their prospects to whom the above property has been offered;

c. If the above property is sold directly by the SELLER or by any other brokers or agents
(excluding the BROKERS’ sub-agents), to any of the prospects mentioned in the list
prospects or client buyers submitted by the BROKERS to the SELLER, even after the
expiration of this Agreement, the BROKERS shall be entitled to receive a SIX
PERCENT (6%) commission from the SELLER.

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 IN WITNESS WHEREOF, the parties have hereunto set their signature
this day of at . Philippines.
SELLER BROKERS

BERNALDO O. GERAL GARY V. MANINGO

REB PRC License No. 0011560

EUGENIE MERRA M. LIM

REB PRC License No. 0014130

SIGNED IN THE PRESENCE OF:

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES ) CITY

OF CEBU………….. ) S.S

I certify that on this date, before me, a notary public duly authorized in the city named
above to take acknowledgements, personally appeared:

Name CTC/ID/Passport Date Issued Place Issued

No.
BERNALDO O. GERAL
Gary V. Maningo PRC REB 0014130 Feb 10, 2016 Cebu
Eugenie Merra M. Lim PRC REB 0014130 Cebu

Personally known to me and to me known the same persons who executed the foregoing Exclusive
Authority to Sell Agreement and who acknowledged before and their respective signatures on the
instrument were voluntarily affixed by them for the purposes stated therein, and who declared to me
that they have executed the instruments as their free and voluntary act and deed. This instrument is
composed of three (3) pages, including this page where and conditions have been attached. All
the pages hereof have been signed by the aforesaid parties and their instrumental witnesses and
sealed with my notarial seal.

WITNESS MY HAND AND SEAL this

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