CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL (‘Contract”) is made and executed on the date and place
and by and between the SELLER and the BUYER, as stated in the Schedule 1 attached to
and made an integral part of this Contract.

RECITALS:
, hereof.

WITNESSETH: That

WHEREAS, the SELLER will intends to develop and construct a residential

condominium project (hereinafter called the “Project”), more particularly described in
Schedule 11, in accordance with Republic Act No. 4726, as amended, (otherwise known as
the Condominium Act), as amendedand Presidential Decree No. 957, as amended
(otherwise known as The Subdivision and Condominium BUYER’s Protective Decree);

WHEREAS, the Project, the land on which it stands and all the improvements
thereon, and all units and common areas forming part thereof, are bound by an instrument
entitledsubject to the terms, conditions, restrictions, and regulations contained in a
“MASTER DEED AND DECLARATION OF RESTRICTIONS”Master Deed with Declaration
of Restrictions issued by the SELLER for the Project (the “Master Deed”) and, which has
been annotated on the transfer certificate/s of title of the parcel/s of land forming part of to
the underlying parcel of land constituting the Project, including its existing or subsequent
amendments, and supplements, as well as and al lsuch house rules and regulations
covering likewise issued or to be issued for the Project;

WHEREAS, the BUYER desires to purchase a condominium unit (the “Unit”) in the
Project, more particularly described in Schedule 1 hereof;to buy and has applied for the
purchase of a residential condominium unit in the Project (the “Unit”), embodied in a
Purchase Application Form (“PAF”), which is deemed incorporated as an integral part of this
Contract;

WHEREAS, in connection with the purchase of the Unit, the BUYER has executed a
Purchase Application Form (“PAF”) and submitted the same to the SELLER, and the terms
and conditions indicated in such PAF, including the terms and conditions stipulated therein
that may not be mentioned herein, isare deemed expressly incorporated herein by reference
as an integral part of this Contract;

NOW THEREFORE, for and in consideration of the aboveforegoing premises, and

the commitment to of the BUYER to full payment of the full purchase price, the SELLER
hereby agrees to sell, transfer and convey to the BUYER, and the BUYER hereby agrees to
buy, the that certain condominium unit in the Project (the “Unit”), more particularly referred
toidentified and described in Schedule 1, subject to the representations, warranties,
following terms, and conditions set forth in this Contract, as follows:
ARTICLE 1. CONSIDERATION FOR THE SALE

1.1. The Purchase Price - The BUYER hereby agrees to pay the purchase price for the Unit
in the amount and in the manner set forth in Schedules 1 and 21 hereof. The Purchase
Price is a lump sum amount established principally on a per unit basis and not on the basis
of Unit measurement or dimension. The sale by the SELLER of the Unit, and the agreement
of the BUYER to purchase the Unit at the Purchase Price herein stated, is understood to
have been made at the lump sum Purchase Price stated the Salient Provisions. Thus, any
discrepancy between the area of the Unit actually delivered and the area indicated in
Schedule 1 shall not entitle the BUYER to an increase or decrease in the lump sum
Purchase Price.
1.2. Automatic Adjustment of Installment Amortization - In the event of an increase of
more than fifteen percent (15%) percent per annum in the Consumer Price Index (CPI) as
compared to its value as of the date of the execution of this Contract, based on the data and
figures released issued by the Bangko Sentral ng Pilipinas, the Philippine Statistics Authority
or by any office or agency of the government, the succeeding installments of outstanding
balance of the purchase price shall automatically be adjusted to be the value of the
Philippine Peso at the time of the execution of this Contract. In such an event, a
corresponding upward adjustment in the purchase price and/or the unpaid balance or
installments equivalent to the total percentage in charge in value less 15%, excluding arrears
under this Contract, shall be effected by the SELLER to take effect on the date of occurrence
of the change in value of the purchasing power of the Philippine Peso. To avoid paying the
adjusted price, the BUYER may accelerate payment by paying the balance of the purchase
price in full and in cash.
1.3 Adjustment in Interest Rate - The interest rate on the balance of the Ppurchase Pprice
or the monthly installments/amortizations is subject to an automatic upward adjustment in
accordance with the provisions hereof. Iiff the interest rate of interest fixed by the EastWest
Bank from time to time for prime loan accounts with a tenor of three (3) to five (5) years (the
“Reference Rate”) should exceed the stipulated interest rate in this Contract by one (1)
percentage point or more, then in which case, the stipulated interest shall be adjusted to
match the Reference Rate effective on the next following monthly amortization. The SELLER
shall promptly give notice to the BUYER of the automatic upward adjustment and of the
applicable new interest rate. To avoid paying the adjusted interest rate, the BUYER shall
have the option tomay opt to prepay the entire amount outstanding balance with interest
based on the original interest rate, without incurring any prepayment penalty. If the BUYER
is not able to prepay the entire amount, then the remaining balance after the partial payment
shall be subject to the new interest rate.

ARTICLE 2. CONDITIONS OF PAYMENT

2.1 Time of Payment - All payments under this Contract shall be made on or before their
respective due dates without necessity of notice or demand.
2.2 Penalty for Late Payment - A monthly late payment charge indicated in Schedule 1
hereof will be imposed on all equity or down payments, deferred cash installments,
amortization payments and all other sums due under this Contract not paid on their
respective due dates. In computing the penalty, a fraction of a month is shall be considered
a full month.
2.3 Place of Payment - All payments under this Contract shall be made by the BUYER only
at the placed indicated in Schedule 1 hereof. Payment shall be deemed made only upon
issuance of SELLER’s/EastWest Bank’s official receipt duly validated by
SELLER’s/EastWest Bank’s authorized cashier/representative. The BUYER understands
that the SELLER’s brokers, sellers and/or employees, other than the SELLER’s authorized
cashiers, are not authorized to receive payments, and any payments made at a place under
other than as indicated in Schedule 1 or to any unauthorized person shall not be considered
a valid payment and will not be binding upon the SELLER.
2.4 Application of Payments - The SELLER shall solely determine the application of all
payments made by the BUYER. Unless otherwise indicated in the SELLER’s official receipt,
the payments shall be applied in the following order: (i) to costs and expenses incurred or
advanced by the SELLER pursuant to the Contract, including but not limited to advances for
insurance premiums, real estate taxes, other transfer charges, utility connections, repair or
maintenance fees, condominium dues and membership fees,; (ii) to late payment charges;,
(iii) to interests accrued on monthly installments; and then (iv) on and then the remaining
principal balance of the monthly installments.
2.5 No Waiver - No delay or omission by the SELLER in exercising any right under this
Contract shall be construed as a waiver thereof and the acceptance by the SELLER of any
payments made in a manner or at any time other than as herein provided shall not be
construed as a variation of the terms hereof. Acceptance by SELLER of payment after
default by BUYER shall not be construed as condoning or excusing any failure, delay or
default by the BUYER or as a waiver of any of SELLER’s rights herein.

ARTICLE 3. THE UNIT

3.1 Unit Purchased - The object of this Contract is the Unit particularly described in
Schedule 1 hereof. Unless otherwise provided, the Unit is being sold bare and unfurnished.
Further, it is fully understood that any design material, furniture, fixture, accessory and/or
equipment illustrated in any sales brochures, prospectus and showrooms that may actually
be presented inrepresenting possible layouts of units in the Project the Unit are artistic
perspectives only and are not included in the sale.
3.2 BUYER’s Examination - The BUYER hereby represents, before buying the Unit, to
have independently confirmed and assessed the location, perspectives, and alignment of the
Unit and the Project, and to have examined the Unit, if already constructed, and/or the plans
and digest specifications for the Project, if still unconstructed, to his satisfaction. The BUYER
has been informed and is aware that the complete plans for the Project are available at the
City/Municipal’s Engineer’s Office, the Housing and Land Use Regulatory Board (HLURB)/
Department of Human Settlements and Urban Development (DHSUD) and the SELLER’s
office. Neither the SELLER nor its agents or representatives make any further
representations with respect to the Unit or the Project. Further, the BUYER hereby
acknowledges that it has full knowledge that land development work(s) and
improvement(s)works are actually being undertaken or may be undertaken in the future by
the SELLER or any other person as part of, within, or in the vicinity of the Project, including
but not limited to the construction of subsequent phases thereof, an expansion, or in
compliance with legal requirements. In this connection, the BUYER, for himself and his
successor(s) and assign(s), hereby holds the SELLER, including its directors, officers,
employees, successors and assigns, free and harmless from any claim, action, damage or
expense of whatsoever nature and kind which arises out of, or may be caused to the Unit or
whatever features which the Unit may have, based on current plans, on account of any
inconvenience, discomfort, disturbance and/or nuisance due to any such development
work(s) and/or improvement(s) undertaken or to be undertaken within or in the vicinity of the
Project.
3.3 Modification of Condominium Units and Common Areas
3.3.1 Modification of the BUYER’s Unit - Subject to Article 3.3.3 below, the BUYER
hereby consents to any modification/s on the entire Project, including any modification/s on
the plans and specifications of the Unit, which the SELLER, may make prior to the delivery
of the Unit, subject to the requisite approval of the concerned government agencies. At the
request of the BUYER, tThe SELLER may also, but is not obliged, to make such
modifications on the plans and specifications on the Unit herein purchased upon request of
the BUYER. the SELLER may at its option and without need of the BUYER’s approval, or
upon request of the BUYER, make sSuch modifications on the plans and specifications of
the Unit. Any modification made by the SELLER on the Unit upon the BUYER’s request shall
be for the sole account of the BUYER. Furthermore, the period for completion and delivery of
the Unit herein purchased shall be extended by any additional period necessary to carry out
such modifications.
3.3.2 Modification of Other Units and/or Common Areas - Subject to Article 3.3.3
below, the BUYER hereby consents to any modification(s) on any common area or other
unit(s) of the Project, which the SELLER may agree to with any other BUYER(s) of unit(s) in
the Project or may otherwise approve or authorize upon such other BUYER(s)
requests.likewise hereby consents to modifications on other unit/s or on any common area of
the Project which may be done by the SELLER at its option or upon request of buyers of
other units in the Project.
3.3.3 Limitations on Modifications - Modification of any Unit or any common area
in the Project, requested by the BUYER, shall not be allowed if such modification will:
i) violate any restriction under the Master Deed;
ii) substantially interfere with or diminish the practical enjoyment and use by the
buyers of their respective units or the common areas;
iii) result in any change in the area of the Unit or in the subdivision of the units in
the Project; and
iv) deface, alter or destroy the structural integrity of the original perspective and
external outline of the building; andor.
v) in the SELLER’s sole judgment, the modification is not appropriate or suitable
to the Project.

ARTICLE 4. CONDITIONS AND RESTRICTIONS ON USE

4.1 Use of Unit. The Unit shall be used solely for residential purposes, and unless otherwise
provided, no part thereof may be devoted or used for any commercial or business purpose. .
The Unit may not be divided or subdivided into smaller units with the end in view of selling,
leasing, encumbering or otherwise disposing of any subdivision or portion thereof.
4.2 Rules and Regulations Applicable to Unit. The Unit as well as the entire Project shall
be subject to the covenants, conditions, restrictions, easements, charges and liens that are
set forth herein, in the Master Deed, which may be amended or supplemented from time to
time as provided therein, as well as those set forth under such rules and regulations as may
be duly promulgated by the SELLER, in its capacity as Developer/Declarant in in and
through the Master Ddeed, or the Condominium Corporation.
ARTICLE 5. DELIVERY OF THE UNIT

5.1 Delivery Schedule -– The BUYER understands and acknowledges that the disclosed
completion or turn-over date of the Project is merely an estimate based on existing socio-
economic conditions and circumstances, and the SELLER is not liable for delay or non-
performance if such completion or turn-over in prevented by any reason, condition, event or
cause which is unforeseen or beyond the control of the SELLER such as, but not limited to,
typhoons, floods, fire, earthquake, or any other acts of Godnatural calamity, riots or civil
disturbances, strikes or other labor disputes, government restrictions, acts of third persons,
lack or scarcity of construction materials, shortage or unavailability of equipment, materials,
labor or restriction or limitation upon the use thereof, any changes in the political, financial,
or economic condition in the Philippines or such other cause/s beyond the SELLER’s control
or anticipation, which in the reasonable opinion of the SELLER, will materially and adversely
affect or delay the development of the Project. In any such event, the SELLER shall be
entitled to an additional period of time sufficient to make up for the delay caused by such
occurrence and shall inform the BUYER of the new estimated delivery date. Neither shall the
SELLER be liable to the BUYER or any third-person for fortuitous events causing loss or
damage to any part of the Project including, but not limited to, roads, facilities, utilities, and
other works located therein. In case any ofNotwithstanding the occurrence of a fortuitous
event affecting the development schedule of the Unit and/or Project the foregoing, the
BUYER’s obligation to pay the Purchase Price according to the payment terms in Schedule
2 shall subsist. The occurrence of such fortuitous events shall not by itself be a ground for
cancellation of this Contract, refund of the Purchase Price, or substitution by the BUYER of
the Unit with another property.
It is, however, understood that should any condition, event or cause beyond the
control of when the SELLER render the completion of the Project and delivery of the Unit to
the BUYER impossible, is prevented, refuses or is unable to complete the Project and
deliver the Unit to the BUYER, the SELLER shall be relieved from any obligations arising out
of this Contract by reimbursing to the BUYER, without interest and exclusive ofor penalties,
whatever it may have received from the BUYER under and by the virtue of this Contract less
any amounts that have been spent and which did not redound to the SELLER’s benefit. On
the other hand, if the SELLER Is unable or unwilling to continue the development of the
Project for whatever reason, subject to the approval of the DHSUD, the full reimbursement of
all payments made for the Unit, including taxes and commissions released, to the BUYER
shall absolve the SELLER from any further liability arising from this Contract. In eithersuch
event, all constructions on or of the Project shall remain the property of the SELLER.
5.2 Condition for Delivery of Unit - The SELLER shall allow the BUYER to take
possession of the Unit for purpose of occupying the same only after the completion of the
Project and the Unit provided, that (a) the BUYER shall have fully paid any and all amounts
due from the BUYER under this Contract, except as provided in Section 5.4under the
relevant policy or program of the SELLER; (b) the BUYER has fully paid for the turnover
fees; (c) the BUYER is in full compliance with all his other obligations and undertakings as
buyer of the Unitunder this Contract; and (d) the Unit has been deliveredBUYER accepts or
is deemed delivered to have accepted the Unit in accordance with Section 5.3not be obliged
to turn over possession and or occupancy of the Unit to the BUYER, unless the latter is fully
updated in the payment of any and all amounts then due from the BUYER under this
Contract and is in full compliance with all his/her other obligations and undertakings as
BUYER of the Unit.
5.3 BUYER’s Undertaking to Accept Delivery - The BUYER hereby agrees to accept
delivery of the Unit upon its turnoveron the date indicated in a Notice of Turn-over (the “Turn-
Over Date”) delivered of the same by the SELLER. If the BUYER or his representative
refuses or fails to accept the turnover of the Unit on the Turn-Over Ddate of deliverywithout
any justifiable cause, the Unit shall be deemed delivered to and accepted by the BUYER as
of said Turn-Over dDate of SELLER’s service of notice of the delivery of the Unit to the
BUYER, whether or not the BUYER acknowledged receipt of such nthe Notice of Turn-Over.
The delivery to and acceptance by the BUYER of the Unit, whether actual or
constructive, in the manner discussed above and/or his occupancy of the Unit shall
constitute the full and absolute acceptance by the BUYER of the Uunit and shall have the
following effects:
(i) It shall be conclusive proof upon the BUYER that all terms, conditions and
specifications with respect to the Unit have been complied with by the
SELLER to the entirefull and unqualified satisfaction of the BUYER;
(ii) All risks of loss or damage to the Unit and all obligations, condominium dues,
real property taxes and other assessments, insurance, and other expenses
accruing on the Unit shall automatically be for the account of the BUYER from
the Turn-Over Date; and
(iii) It shall operate to discharge and relieve tThe SELLER shall henceforth be
relieved from of any and all obligations, association dues, real property taxes
and other assessments accruing on the Unit and from any responsibility, loss,
damage or injury that may be caused to the Unit as of the Turn-Over Date.
5.4 Early Availability of Unit - If the BUYER’s Unit becomes available for turnover before
the entire down payments isare paid, all unpaid down payments shall become immediately
due and demandable on the Turn-Over Date to be indicated in a Notice of Turn-over from
the SELLER. The BUYER shall either pay the said balance in full or arrange an additional
loan from the SELLER’s accredited bank to cover payment of the unpaid equity down
payment together with the unpaid balance of the Ppurchase Pprice.

ARTICLE 6. TRANSFER OF TITLE TO THE UNIT

6.1 Transfer of Title and Ownership - The BUYER has no right to demand and the
SELLER has no obligation to transfer the title of or deliver the Unit, unless the BUYER has
paid in full (i) the Ppurchase Pprice for the Unit, including all accrued interests and penalties,
if any, (ii) the additional cost of modifications of the Unit, if any, (iii) condominium
membership fees and a non-refundable deposit equivalent toof condominium dues at the
estimated value equivalent tofor two (2) months thereof, (iv) all accrued condominium dues,
if any, and (v) the required deposits and payments for the installmentinstallation/tapping of
electrical and water connections and other utilities for the Unit. Upon the full and faithful
compliance by the BUYER with all his obligations stated herein, the SELLER shall execute in
favor of the BUYER a deed of absolute sale conveying to the BUYER the ownership of the
Unit. Until then, title to and ownership of the Unit shall remain in the name of the SELLER.
6.2 Delivery of Title - The SELLER undertakes to exercise all reasonable diligence and
dispatch in procuring the issuance of Condominium Certificate(s) of Title to for the Unit in the
name of the BUYER. The BUYER however acknowledges that the issuance of such title may
be prevented or delayed by inaction or omission of certain governmental offices without fault
of the SELLER. Nothing in this Contract shall be construed as binding the SELLER to cause
the issuance of such Condominium Certificate (s) of Title until all government clearances
and requirements have been secured.

ARTICLE 7. LIMITED COMMON AREAS

7.1 Ownership and Use of Limited Common Areas - The limited common areas of the
Project set aside in the Master Deed are appurtenant to the Unit and may be owned, held, or
used only in the manner and subject to the conditions imposed by the Declarant in the
Master Deed. Any right or interest in a limited common area in the Project may not be
transferred, conveyed, assigned, leased, or encumbered separately from a Unit, except as
provided below. Any such disposition shall not bind the SELLER, who shall have the right
not to register or recognize such transfer of rights.
7.2 Assignment of Use of Limited Common Areas -– Only tThe SELLER has the
exclusive right to the use, enjoyment, and possession of the limited common areas. For
valuable consideration, the SELLER may assign, transfer or dispose of these rights the right
to the use of identified limited common areas in favor of the BUYERbuyers. If applicable,
sSuch assignment shall primarily be governed by the a separate deed of assignment to be
executed by and between the SELLER and the BUYER, and suppletorily by the provisions of
the Master Deed.

ARTICLE 8. THE CONDOMINIUM CORPORATION; CONDOMINIUM DUES

8.1 Organization of the Condominium Corporation -– In accordance with the provisions

of the Condominium Act, tThe SELLER, through its authorized representatives, is hereby
authorized and empowered toshall initiate the organizatione a of Condominium Corporation
for that shall have the principal purpose of holding title to all Building the Common Areas in
the Project and the management of the Project for the common benefit of all condominium
units therein, including the Unit, and their buyers.
8.2 Membership in the Corporation - The BUYER, his successors or assigns shall
automatically become a member of the Condominium Corporation, but his/her membership
rights shall be suspended until the payment of the membership fees and the applicable
association/condominium dues pursuant to the Master Deed. The BUYER’s liability for the
payment of membership fees and condominium dues shall commence upon SELLER’s
service of notice of delivery of possession and/orthe Notice of Tu turnover of the Unit to the
BUYER (whether or not the BUYER actually accepts delivery and turnover of the Unit),
notwithstanding that title has not yet passed to the BUYER.
8.3 Obligation to Pay Dues, Assessments and Other Charges - The BUYER shall
promptly and fully pay for any and all membership fees, dues, assessments and/or other
charges to cover the Unit’s proportionate share in expenses for the common benefit of all
condominium units in the Project in such amounts and in such manner as may be prescribed
by the SELLER (prior to the organization of the Condominium Corporation) and/or the
Condominium in accordance with the Master Deed and Declaration, its the Articles of
Incorporation and By-Laws of the Condominium Corporation, the Condominium Act and
other applicable laws and government regulations, and such rules and regulations for the
common governance and administration of the Project, as shall be duly promulgated by the
SELLER and/or the Condominium Corporation from time to time.
8.4 Initial Amount of Condominium Dues - The condominium dues per month shall initially
be in the amount indicated in Schedule 1 hereof unless otherwise fixed by the SELLER or
the Condominium Corporation hereafter from time to time. The BUYER shall also make
deliver to the SELLER the membership fee and a non-refundable deposit, which will be
delivered to the Condominium Corporation for his/her account, in the amount equivalent to
two (2) months’ condominium dues upon turnover of the Unit by the SELLER to the BUYER.
In the absence of a duly registered Condominium Corporation for the Project, the SELLER
shall hold the membership fee and deposit in trust for the BUYER until such time that the
Condominium Corporation has been organized to receive these amounts.
8.5 Date of Payment of Dues -– Unless otherwise set by the Condominium Corporation, the
cCondominium dues shall be due and payable every 5th day of the month without need of
any notice or demand.
8.6 Consequence of Non-Payment - Any unpaid membership fees and condominium dues
shall constitute a lien on the Unit. If despite demand for payment, the BUYER fails or refuses
to pay such accrued fees and dues;, the SELLER or the Condominium Corporation if
organized may foreclose the Unit. In addition to other remedies granted to the SELLER
and/or the Condominium Corporation under Republic Act No. 4726, the Master Deed and
Declaration and other applicable rules and regulations, the SELLER or the Condominium
Corporation shall have the right and option to cut-off/shut-off the electrical, water service
and/or other utility connections for the unit/s of any buyer or owner who is delinquent in the
payment of any condominium dues or the bills pertaining to said service connections, without
incurring any liability whatsoever by reason thereof. The right of the Condominium
Corporation hereunder shall be separate and distinct from the rights and remedies available
to the SELLER to inform the utility provider/s and/or their agents, as well as the
Condominium Corporation or property/building manager, about the BUYER’s default under
this Contract and/or the PAF as would be a ground to cut-off any and all utility connections of
the Unit, notwithstanding the turn-over of physical possession thereof in favor of the BUYER.
8.7 Master Condominium CorporationComplex. If the Project forms part of a master-
planned building complex with commercial and residential condominium units, the BUYER
acknowledges that the Project may share common amenities, facilities and utilities. The
BUYER agrees that the Unit and the condominium corporation to be formed by him and
otheramong the residential unit owners shall be part of and remain subject to the Master
Deed and such rules and regulations to be defined by the SELLER to govern these terms
and conditions of use of all shared amenities, facilities and utilities.
8.8. Data Sharing. The BUYER understands that the SELLER shall share his/her
information with the Condominium Corporation to be initiated by it, in connection with the
latter’s purpose to manage the Project. Accordingly, the BUYER hereby gives its express
consent to the sharing, storage, use, disposition, and other processing of his/her personal
information, including those that may be considered as “sensitive” under the Data Privacy
Act, between the SELLER and the Condominium Corporation, as well as those that may be
done by the latter exclusively in connection with its function and its rights and jurisdiction
over the Unit and the BUYER as its member.

ARTICLE 9. REAL ESTATE TAXES, REGISTRATION AND TRANSFER FEES, AND

EXPENSES, DUES, AND OTHER CHARGES

9.1 Real Estate Taxes and Assessments - The BUYER shall be liable for the payment of
real estate taxes and assessments due on the Unit effective on the calendar quarter of full
payment of the purchase price or upon turnover of the Unit (or deemed delivery of the Unit
pursuant to Article 5 hereof) or actual possession and occupation of the Unit by the BUYER,
whichever is earlier, notwithstanding that title to the Unit may not as yet have been
registered in the name of the BUYER. In such cases, the BUYER shall be responsible for
promptly remitting such payments for taxes and assessments to the proper government
agencies. Should the BUYER fail to pay the same on due date, the SELLER shall have the
option, but not the obligation, to advance payment of such real estate taxes and
assessments for the BUYER’s account. Any such advances shall be paid by the BUYER to
the SELLER upon demand with interest at the rate of three percent (3%) per month or a
fraction of a month computed from the date the advance is made by the SELLER until the
same is fully paid by the BUYER.
9.2 Transfer Expenses, Fees and Charges - Documentary stamp tax, transfer taxes,
registration fees, notarial fees and other expenses, costs and taxes (other than taxes on
the income of the SELLER) imposable on the sale and transfer of title of the Unit from the
SELLER to the BUYER, and required for the execution and registration of the Deed of
Absolute Sale, the issuance of the condominium certificate of title and tax declaration of the
Uunit in the name of the BUYER, shall be for the exclusive account of the BUYER.
9.3 Insurance Charges - Costs and expenses to be incurred in obtaining a fire and
credit life insurance policies (if applicable) shall be for the account of the BUYER. The
SELLER or the Condominium Corporation is hereby authorized to procure such insurance
on the Unit and on all Common Areas as described in the Master Deed. The premiums on
such insurance shall be assessed against all unit owners in accordance with the Master
Deed and the By-laws of the Condominium Corporation.
9.4 Condominium Dues - The BUYER hereby obligates himself/herself/itself to pay
membership fees, condominium dues, assessments and other charges upon constructive
delivery even if the BUYER has not moved in to the Unit, or upon delivery of notice of
turnover of the Unit by registered mail or personal delivery, or from the date the BUYER has
actually taken possession and occupied the Unit, or upon the execution of the Deed of
Absolute Sale, or upon transfer of title of the Unit/s in the name of the BUYER, whichever
comes first.
9.5. Other Charges – BUYER shall be liable to pay all other fees, charges, expenses and
penalties which the SELLER may impose in relation to special requests offrom the BUYER.
Such charges may include, but not beare not limited to, fFinance cCharges, rRevival
feeFees and tTransfer or assignment fFees.Documentary stamp taxes, transfer taxes,
registration fees and all other expenses incidental to the transfer of the registration of the
certificate of title to the Unit itn favor of the BUYER shall be for the his/her account of the
latter.

ARTICLE 10. AUTOMATIC CANCELLATION AND TERMINATION OF CONTRACT

10.1 Cancellation by the SELLER - In the event of the BUYER’s failure to pay the equity
down payment or any monthly installment or any other amount due hereunder, including, but
not limited to, interest, penalty, taxes, membership fees and condominium dues,
assessments and charges or otherwise, or to strictly comply with any of the covenants,
terms and conditions contained in this Contract, the Master Deed and other documents
referred to herein as creating an obligation on the part of the BUYER, the SELLER shall
have the right to consider this Contract automatically canceled and rescinded without
necessity of any judicial proceeding or formal notice of any kind, except such as may be
required under Republic Act No. 6552, where applicable. The SELLER shall likewise be
entitled to cancel this Contract when the BUYER conceals or misrepresents any material
fact, or provides any information which is determined to be false or misleading in any
document or instrument signed, executed or submitted to the SELLER in connection with the
sale of the Unit, on the basis of which the SELLER shall have approved the PAF and agreed
to the sale of the Unit to the BUYER. The SELLER shall be entitled to cancel this Contract
without need of a court declaration to that effect by giving the BUYER a written notice of
cancellation sent to the address of the BUYER as specified herein or in the PAF by
registered mail or personal delivery.
10.2 SELLER’s Remedies - In the event that this Contract is cancelled and the BUYER has
abandoned physical possession of the Unit for a consecutive period of at least two (2)
months, the BUYER hereby expressly consents and grants the SELLER the power and
authority to immediately adopt and perform any and all measures and actions available to it
pursuant to applicable contracts and/or laws without need of any prior notice or further
authority from the BUYER or occupants of the Unit, and/or any judicial order. In the event
that BUYER abandons the Property, or otherwise commits any act and/or omission that
necessitates the SELLER’s exercise of the powers herein granted, BUYER hereby appoints
the SELLER and/or its authorized representatives, who are hereby appointed and
designated as attorneys-in-fact for the purpose, with the full right, in their absolute sole
discretion: (a) to enter and take possession of the Unit by breaking the doors, locks, and/or
any other item, if necessary; (b) to cancel, and/or consider BUYER’S action/s and/or
inactions as to constitute an intention to cancel, any of BUYER’S agreement/s and/or
contract/s with the SELLER, and/or make the Unit available for re-sale, occupancy, and/or
lease; (c) to take inventory, remove and/or take possession of the effects, properties, or
belongings found inside the Unit, and hold and/or apply the same to answer for any and all
charges, accountabilities, or any kind of due by dacion en pago or otherwise; (d) to cut off,
disconnect, and/or re-connect any utility, or cause the same to be done by the appropriate
service providers, in the Unit; and/or, (e) to prohibit BUYER/occupant/s, their relatives,
friends, and/or any other person/s, access to or use of the Unit, or any premises, or facility,
including those located inside the building or premises where the Unit is located, and/or
disallow any move-outs and/or disapprove any gate pass/es without the full settlement of the
arrears due on the Unit to the SELLER and/or the Condominium Corporation. The BUYER,
and any occupant who derives any right from the BUYER, hereby releases and holds the
SELLER free and harmless from and against any and all claims in connection with all acts
done or performed to implement the foregoing authorities exercised pursuant to this Section.
For purposes of this Contract, the BUYER hereby appoints the SELLER, the Condominium
Corporation/association and/or their authorized representatives as attorneys-in-fact to
perform such other necessary, desirable, and/or incidental powers pursuant to the rights
granted or available to the SELLER and/or the Condominium Corporation, for the protection
and promotion of their interests. The rights herein granted to the SELLER and/or the
Condominium Corporation shall be without prejudice to such other rights and remedies they
may have against the BUYER and/or occupant/s pursuant to any agreement and contract,
as well as pertinent laws and rules.
10.3 Cancellation Fee by the BUYER - In the event of valid cancellation of this Contract by
the BUYER with the SELLER’s consent, a cancellation fee shall be paid by the BUYER in
such amounts as may be fixed by the SELLER.
10.4 3 Effect of Cancellation - In the event of valid cancellation pursuant to Article 10.1
hereof, the SELLER shall be under no obligation to make any refund of payments made by
the BUYER, except only to the extent required by the provisions of Republic Act No. 6552,
where applicable, or to make any restitution or payment for any improvements that may have
been introduced by the BUYER to the Unit, all of which shall be deemed forfeited in favor of
the SELLER as penalty for the BUYER’s default and/or as rentals or compensation for the
BUYER’s occupancy and use of the Unit. In all cases, the SELLER shall have no obligation
to reimburse the BUYER any cost or value of such improvements or additions.
10.54 Immediate Possession Upon Cancellation - In case of cancellation and or
rescission pursuant to this Articles 10.1 and 10.2, the SELLER is entitled to take immediate
possession without recourse to any judicial or other proceeding, and the BUYER shall be
obliged to surrender possession, of the Unit together with any improvements thereon.
Should the BUYER remain in possession, he shall become a mere intruder or unlawful
detainer of the Unit, without any further right, title, interest or claim or any kind or character
to said Unit and all improvements thereon as if this Contract has never been executed or
entered into, and the BUYER shall have the obligation to pay reasonable compensation for
his continued possession of the Unit in an amount that may be fixed by the SELLER, and
which shall be due from the time of the demand to vacate until the possession of the Unit is
returned to the SELLER.
10.6 Indemnity Clause – The BUYER and/or occupant/s shall indemnify, and hold free and
harmless, the SELLER and the Condominium Corporation, its affiliates, owners, directors,
shareholders, officers, employees, agents, and/or representatives, from/for any and all
liability, cause of action, damages, losses, expenses, fees, and/or any amounts or claims,
however denominated, that may be caused or may arise in view of the default/failure of
BUYER to comply with any of their obligations, in connection with or arising from the matters
and incidents discussed in this Contract.

ARTICLE 11. SPECIAL TERMS AND CONDITIONS

This Contract is subject to and is deemed amended, supplemented or qualified by

the special terms and conditions provided under Schedule Annexes 1, 2 , and 3 hereof.
Where the terms of this Contract and a special term and condition in Schedule Annexes 2
and 3 are inconsistent or conflicting, the latter shall prevail.

ARTICLE 12. TRANSFER OR ASSIGNMENT

12.1 Transfer of Rights by BUYER - Subject to the written consent of the SELLER, the
BUYER may assign, transfer or encumber his rights hereunder to another person by means
of a notarized instrument provided that the BUYER (i) is updated in the payment of his/her
account; (ii) is not in arrears in the payment of dues, assessments and charges to the
SELLER and/or the Condominium Corporation; (iii) has not violated any of the other
conditions stipulated in this Contract; (iv) shall pay a transfer fee equivalent to ½ or 1% of
the Purchase Ppriceas may be fixed by the SELLER, to cover the administrative expenses to
effect such transfer; and (v) shall comply with such terms and conditions as may be imposed
by the SELLER. Any transfer of rights made in violation hereof shall be null and void and
shall not release the BUYER from his obligations hereunder.
The BUYER understands and agrees that any sale, transfer or disposition of the Unit to any
third party shall also include the sale, transfer or disposition of the exclusive right, if any, to
use the parking space/s and/or limited common areas appurtenant to the Unit.
12.2 Assignment by SELLER - The SELLER has the right to assign or transfer its rights
and receivables under this Contract to any bank or financial institution, or to any of
SELLER’s affiliates or subsidiaries, without need of notice or consent by the BUYER. The
BUYER is aware that such assignment or transfer is an accepted practice in the real estate
industry and by signing this Contract, the BUYER conforms to such assignment or transfer
by the SELLER.

ARTICLE 13. WAIVER AND QUITCLAIM CLAUSE

13.1 The BUYER, his heirs, successors and assigns, hereby hold the SELLER, its
successors and assigns, affiliates, subsidiaries, directors, officers, shareholders, employees,
sellers, agents, and representatives, free and harmless from any claim or action of whatever
nature and kind which may arise out of, be due to, or be caused by any construction
defects/deficiencies of the Unit. The SELLER, however shall nonetheless assist the BUYER
in case the latter should have legal cause to proceed against the engineers, architects,
independent contractors, sub-contractors and designers for their defective workmanship and
design, if any.
13. 2 Within ten (10) days from service of the Nnotice of Tturn-over, the BUYER shall
register his/her complaints, if any, with the SELLER relative to any defects in the Unit for
proper remedy or assistance. Failure to do so shall be deemed an unqualified and
unconditional acceptance of the Unit as having been delivered in accordance with the
agreed specifications and shall constitute a bar to future complaints or actions.

ARTICLE 14. MISCELLANEOUS PROVISIONS

14.1 Insurance - The SELLER shall have the right, but not the obligation, to procure such
insurance policies as it may deem necessary for the first year following completion of the
Project covering losses by fire, earthquake, fire occasioned by earthquake, casualty, liability
or other insurable risks with such extended coverage as is customary for the building in the
locality for the replacement value of the condominium units and the common areas of the
Project. In such event, the cost of such insurance shall be proportionately paid to or
reimbursed to the SELLER by the buyers of the Condominium Units in the Project.
14.2 Assignment of Warranties - The SELLER shall assign to the Condominium
Corporation, for the pro-rata benefit of the owners of all condominium units of the Project, all
warranties made in favor of the SELLER by the architects, engineers, construction or project
manager, contractors and material suppliers employed for the Project in connection with the
plans, specifications, construction materials, equipment or facilities used or installed in or for
the Project to the extent provided for under pertinent laws.to which it is entitled from the
contractors or suppliers in connection with the construction of the Project. The SELLER itself
shall have no liability for any warranties given by such contractors or suppliers.

14.3 The Purchase Price is the fair market vValue of the entire Entire Unit. Any
discrepancy of not more than one (1) square meter (1 (sqm) in the gross area of the Unit as
stated in the Contract, in brochures or price list, andin relation to the actual area of the Unit
when delivered and/or completed shall not result in an increase or reduction in the purchase
price.
14.4 Solidary Obligation - Should the BUYER refer to more than one person, their
obligations hereunder to the SELLER and/or the Condominium Corporation shall be solidary.
The BUYER’s liability hereunder are guaranteed by the Guarantor named in Schedule 3
hereof, if applicable.
14.5 Non-waiver of Default - Delay or failure of the SELLER to exact a strict compliance
with any of the terms and conditions hereof shall not be construed as a waiver or
renunciation of the SELLER’s right or remedies under this Ccontract.
14.6. Communications - In sending notices, demands, correspondence and other
communications, as well as legal papers or documents, the BUYER’s
home/billing/email/office address and other contact information indicated in this Contract or
at any address indicated by the BUYER in his the Purchase Application Form (PAF) for the
Unit shall be considered his true and current address for all legal purposes, unless and until
written notice of the BUYER’s change of address has been received by the SELLER. In this
connection, the BUYER agrees and acknowledges that any kind of notice, such as notice of
cancellation or notice to vacate, statement, or communication sent to his/her
home/billing/office address/es or other contact details on record, as well as those sent to the
Unit, and received by any person thereat shall be deemed received by the BUYER
himself/herself and shall be considered as proof of receipt thereof that is binding on the
BUYER. Moreover, sending of any notice, statement, or communication through
BuyerBUYER’s email address/es or other contact details on record shall be valid receipt
thereof as if such original notice, statement, or communication was received in person by the
BuyerBUYER. The BUYER waives any defect or failure of service if he/she fails to notify
SELLER of any change in his/her indicated address. Should the BuyerBUYER or his/her
representative (a) refuse to receive any notice, statement, or communication, including a
notice of cancellation or notice to vacate; or (b) not be found at the indicated
home/billing/office address/es after three separate attempts on three separate dates on the
part of the SellerSELLER to serve any notice, statement, or communication, the
BuyerBUYER shall be deemed to have received the same if the SellerSELLER tenders a
copy of such notice or communication on any occupant in the indicated address/es, or
otherwise leaves a copy thereof at the indicated address/es.
14.7 Entire Contract - This Contract contains the entire agreement between the parties.
The parties shall not be bound by any stipulations, understandings, representations,
agreements or promises, oral or otherwise, not contained in this Contract or otherwise
incorporated herein by reference. HoweverNonetheless, the terms and conditions of the
BUYER’s PAF foron the Unit, insofar as the same are not inconsistent with or contrary to this
Contract, shall remain to be in force and effect. Amendments, extensions, or alterations to
this Contract shall only be valid and binding if made in writing and duly signed by the parties
herein.
14.8 Binding Effect - This Contract shall be binding upon the respective heirs, successors,
and assigns of the pirates.
14.9 Severability - Should any of the provisions herein be declared invalid, unenforceable,
void or unconstitutional by a final court order or judgment, such fact shall in no way affect
any of the other provisions not affected thereby herein which shall remain valid, binding, and
in full force and effect.
14.10 Attorney’s Fees and Litigation Costs - In the event the SELLER is constrained to
litigate in order to enforce this Contract or to protect any of its rights herein or the PAF, the
BUYER agrees to pay attorney’s fees in the amount of at least P50,000.00 o,r 25% of the
total claim involved, whichever is higher, as well as all costs of litigation.
14.11 Venue - All actions involving this Contract shall be instituted only in the proper courts
of Metro ManilaMandaluyong City only , to the exclusion of all other venues.
SCHEDULE ANNEX 1: SPECIAL TERMS AND CONDITIONS FOR COMMERCIAL UNITS
The following special terms and conditions shall be deemed incorporated in the Contract to
Sell between the parties named below, which is hereby deemed amended, supplemented
and revised in the manner set forth as follows:
Article 3.1 Unit Purchase – the object of this contract is the commercial unit particularly
described in Schedule 3 hereof.
Article 4. Use of Unit – The unit Unit shall be used solely for commercial purposes and may
be devoted or used for any lawful commercial or business purposes, subject to the
restrictions and limitations in the Master Deed. The Unit or any part thereof shall not be used
for residential purposes whether permanently or temporarily unless otherwise provided. The
Unit may not be divided or subdivided into smaller units with the end in view of selling,
leasing, encumbering or otherwise disposing of any subdivision or portion thereof.
The following additional terms and conditions shall also be deemed incorporated and forms
part of the above Contract To Sell:
Non-Application of R.A. 6552 – This sale pertains to the sale of a commercial unit, and is
thus not covered by R.A. 6552, the Realty Installment Buyer Protection Act, as provided in
Section 3 thereof.
Automatic Amendments - All other terms and conditions of the Contract, To Sell which are
applicable only to the sale of residential lots, house and lots and condominium units shall be
deemed superseded modified or amended insofar as this sale is concerned. All other terms
and conditions thereof shall remain valid and effective.
SCHEDULE ANNEX 2: SPECIAL TERMS AND CONDITIONS FOR CONDOTEL UNITS
The following special terms and conditions shall be deemed incorporated in the Contract to
Sell between the parties named below, which is hereby deemed amended, supplemented
and revised in the manner set forth:
Article 3.1 Unit Purchased – The Unit is being sold as a condotel unit with standard interior,
designs, furniture, fixtures and equipment to be specified by the SELLER consistent with its
intended uses as a condotel unit.
Article 4. Use of Unit – The Unit shall be used solely for condotel business purposes and in
the manner and under the conditions defined in the Rental Pool Agreement. The BUYER is
required and he agrees to place the Unit in a public rental pool to be managed by the
Declarant in the Master Deed or by a professional property manager appointed by it, and for
this purpose, the BUYER agrees to execute enter into a separate Rental Pool Agreement
simultaneous with this Contract,. With the Declarant and pay the corresponding joining fee in
an amount to be fixed by the SELLER. The Unit may not be divided or subdivided into
smaller units with the end in view of selling, leasing, encumbering or otherwise disposing of
any subdivision or portion thereof.

Article 7. Parking Slot – The BUYER is required to acquire the rights to use and possess
one (1) parking slot which is more particularly described in Schedule 31. While the BUYER
remains the owner of a Unit, he is required to maintain the right of use and possession of
such parking lot.
Article 8. The Condominium Corporation, Condominium Dues – CThe BUYER
understands that the membership fees and condominium and membership dues and
assessment do not form part of the gross and rental income of the Unit for purposes of
computation for distribution to the rental participation.
The joining fee and all other dues, assessment, fees and expenses provided in the Rental
Pool Agreement are distinct and may be collected separately from the BUYER as a member
of the Condominium Corporation.
Article 9. Automatic Cancellation and Termination of Contract – The cancellation or
termination of this Contract shall apply to all condotel units in a manner consistent with
provisions of the Rental Pool Agreement.
Article 12. Transfer of Assignment – The transfer or assignment of any of the rights or
interests of the BUYER under the Rental Pool Agreement shall be governed by such
agreement.
SCHEDULE ANNEX 3: ADDITIONAL TERMS AND CONDITIONS FOR CONDOTEL
UNITS WITH SHARE
The following special terms and conditions shall form part of the Contract to Sell (the
“Contract”) between the parties named below, which is hereby deemed amended,
supplemented, and revised accordingly:
[1.] The Unit is being sold as a condotel unit with the uniform interiors, designs, furniture,
fixtures, and equipments to be specified by the SELLER consistent with its intended
use as a condotel unit.
1.[2.] The Unit shall be used solely for the condotel business and in the manner and
under the conditions defined in the Rental Pool Agreement. The BUYER is required
and he agrees to place the Unit in a rental pool to be managed by Timberland Sports
& Nature Club (“TSNC”), and for this purpose, the BUYER agrees to execute a
Rental Pool Agreement with TSNC and the SELLER.
2.[3.] The BUYER is fully aware and agrees that the purchase of the Unit is conditioned
upon his/her simultaneous purchase of a share at Timberland Sports & Nature Club
(“Club Share”) from Filinvest All Philippines, Inc. (“FAPI”). The BUYER agrees that
the SELLER may cancel the Contract if the BUYER does not purchase a Club Share
or sign the Rental Pool Agreement.
3.[4.] The BUYER is aware that the Unit cannot be transacted separately from the Club
Share, and no sale, assignment or disposition of the can be considered valid without
the corresponding sale, disposition or assignment of the Club Share.
4.[5.] Cross-default provision
4.1[5.1] In the event of the BUYER’s default in the payment of the purchase price for
the Unit or any other amount due hereunder or failure to strictly comply with any
of the covenants, terms and conditions contained in this Contract, or in the event
of BUYER’s failure to strictly comply with the terms and conditions of the sales
documents for the purchase of the Club Share, the agreement for the
reimbursement of the fit-out fund and initial working capital for the condotel
business and/or other documents executed in relations to this Contract which
creates an obligation in the part of the BUYER notwithstanding BUYER’s full
compliance with the terms and conditions of this Contract, the Seller shall have
the right to consider this Contract automatically canceled and rescinded without
the necessity of any judicial proceeding or formal notice of any kind.
4.2[5.2] In the event of the cancellation pursuant to this Section, the SELLER shall be
under no obligation to make any refund of payments made by the BUYER and all
payments made for the Units shall be deemed forfeited in favor of the SELLER as
penalty and liquidated damages due to the SELLER for the BUYER’s default.
5.[6.] In additions to the requirement for the transfer of the CCT covering the Units in the
name of the BUYER mentioned in Article 6 of the CTS, the BUYER shall have no
right to demand and the SELLER has no obligation to transfer the title of or deliver
the Unit unless the BUYER has fully paid the purchase price for the Club shares and
such other fees pertaining to his membership in the Clun, and fully reimbursed the
SELLER for the initial working capital (IWC) and fit-out fund (FOF).
6.[7.] The BUYER confers upon the SELLER an irrevocable special power of attorney,
coupled with the interest, with power of substitution or delegation, to represent the
BUYER and exercise all its membership rights in all the meetings of the
Condominium Corporation to be established under R.A. 4726, including but not
limited to the right to participated in the affairs of the Condominium Corporations,
vote in all meetings of its members, elect the members of the board of directors, and
appoint its officers. The power herein granted by the BUYER to the SELLER shall be
 for (5) years from the formation of the Condominium Corporation, and renewable at
the option of the SELLER for as long as the Rental Pool Agreement is in effect.
7.[8.] The parties agree that this agreement shall be annotated on the condominium
certificated of the title covering the Unit and the provisions herein shall be considered
as restrictions on the Unit. Any sale of the Unit to be made by the BUYER to a third
party without full compliance of the terms and conditions set forth in this agreement
shall be considered null and void and shall not bind the SELLER.
 SCHEDULE 31

A. This Contract to Sell is made and entered into this ____________ day of
__________ by and between the SELLER and the BUYER.
B. PARTIES
1. SELLER
2. BUYER
C. PROJECT, DESCRIPTION OF UNIT/S, DESCRIPTION OF LIMITED COMMON
AREAS
1. PROJECT:
2. Description of the Unit/s
BUILDING NO./ FLOOR UNIT CONDOMINIUM ESTIMATED
LETTER NO. NO. CERT NO. AREA (SQ.M.)
3. Description of Limited Common Areas

D. PURCHASE PRICE - The PURCHASE PRICE for the Unit is Philippine Peso:
[E.] THE PURCHASE PRICE indicated in section D above is subject to additional
charges for taxes, registration expenses, processing fees and interest which are to
be paid as provided in Schedule 4 2 ( Reservation and amortization schedule ) of this
Contract.
E.[F.] PLACE OF PAYMENT - All payments shall be made only at Filinvest Land, Inc.
(FLI) authorized offices and/or all East West Banking Corporation branches.
[G.] PENALTY FOR LATE PAYMENT - LAll late payment charges of 3% per months will
be imposed on all equity or down payments, deferred cash installments, amortization
payments and all other sums due under the Contract not paid on their respective due
dates. In computing the penalty, a fraction of a month is shall be considered as a full
month.
F.[H.] CONDOMINIUM DUES, ASSESSMENTS AND CHARGES
Regular Monthly Dues P To be determined upon On or before 5th day of
Completion of the project* each month
Deposit for Condominium P To be determined upon Upon service of notice
of
Dues Completion of the project* turnover of possession

*This amount is based on an estimate of the amount of two (2) months of condominium dues
to be assessed and levied by the. Condominium Corporation, and shall be turned-over in its
favor by the SELLER upon incorporation. It shall also beS subject to Adjustment adjustment
as shall may be necessary from time to time.
 SCHEDULE 42

Reservation, downpayment and amortization : (include taxes, registration expenses,

processing fee and interests.
a. Reservation and downpayment schedule
b. Amortization
Representing the balance of the contract price which will be settled through
financing governed under paragraph A or B.
A. For In-house financing and deferred cash, Interest rate is ( %) per annum
computed on a 360 day year for actual number of days elapsed payable in ( )
months, commencing on or before and every succeeding month thereafter, in
monthly installments of principal and interest in the amount of and the balance on the
term on the 61st month shall be repriced at ( %) per annum computed on a 360
day year for number of days elapsed from 61st month onwards, on a monthly
installment of principal and interest on the amount of
B. For bank financing, the balance of the contract price shall be paid in full through
bank of non-in-house financing. In the event of delay, withdrawal or denial of the
application for the alternative financing, the balance of the contract price shall be paid
by the BUYER in 120 equal installments with the prevailing in-house interest rate
unless the BUYER makes other arrangements for payment duly approved by the
SELLER. It is expressly understood that the obligation of the BUYER to pay the
balance of the purchase price is not contingent on or subject to the approval of
his/her application for financing.

IN WITNESS WHEREOF, the parties hereto affixed their signatures this ______________ in
_____________.

______________________________ ___________________________
SELLER BUYER
By: TIN:
______________________________ ___________________________
Spouse
TIN:

SIGNED IN THE PRESENCE OF:

____________________________ ________________________________
 ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )
____________________________) SS.
BEFORE ME, a Notary Public for and in the ______________________________ this
______________________day of ______________________personally appeared:

NAME VALID GOV’T. ISSUED I.D. DATE PLACE ISSUED

known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free voluntary act and deed and
that of the corporation herein represented.

This document consisting of ______ (___) pages, including the annexes, schedules, and this
page on which the acknowledgement is written, refers to Contract to Sell one (1)
condominium unit _________________situated at
_________________________________and has been signed the parties and their
instrumental witnesses on each and every page thereof.
WITNESS MY HAND AND NOTARIAL SEAL NOTARY PUBLIC
Doc No. ______________:
Page No. ______________:
Book No. ______________:
Series of ______________: