CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO SELL is made and entered into by:

BGP AGRI-BUSINESS CO. as represented by owners Marivic L. Gutierrez, and

Delfin V. Dela Paz, married, of legal age, and residing in Town and Country
Executive Village, Antipolo City, herein referred to as the SELLER;

-AND-

JEMA DELA CRUZ ZHOU, married to Zhou Qing, of legal age, and residing in
Daang Hari St. Maybamcal, Morong, Rizal, herein referred to as the BUYER;

WITNESSETH;

WHEREAS, SELLER is the registered owner of a parcel of land with

improvements located at Sitio Mambog and Patak Dalaga, Mun. of Baras, Prov.
Of Rizal, Is. Of Luzon and covered by Transfer Certificate of Title No. M-31753
containing a total area of ONE THOUSAND SEVEN HUNDRED SEVENTY
SQUARE METERS (1770 SQM), issued by the Registry of Deeds of Morong;

WHEREAS, the BUYER has offered to buy and the SELLER has agreed to
the abovementioned property under the terms and conditions herein below set
forth;

1. The agreed upon price is THREE THOUSAND THREE HUNDRED PESOS

PER SQUAR METER (Php 3,300.00/SQM ) amounting to FIVE MILLION
EIGHT HUNDRED FORTY ONE THOUSAND PESOS ONLY (Php
5,841,000.00);

2. The down payment of THREE MILLION PESOS (Php 3,000,000.00) shall

be delivered in cash upon execution of this Contract to Sell and shall be
considered part of the total Contract Price;
3. The remaining balance amounting to TWO MILLION EIGHT HUNDRED
FORTY ONE THOUSAND PESOS (Php 2,841,000.00) shall be payable in
the following dates with the corresponding checks;
a) OCTOBER 15, 2023 – NINE HUNDRED FORTY SEVEN THOUSAND
PESOS (Php 947,000.00)
b) NOVEMBER 15, 2023 - NINE HUNDRED FORTY SEVEN THOUSAND
PESOS (Php 947,000.00)
c) DECEMBER 15, 2023 - NINE HUNDRED FORTY SEVEN THOUSAND
PESOS (Php 947,000.00)

4. The SELLER shall cover the REAL ESTATE TAX up to the time of sale, and
the Capital Gains Tax;

5. The BUYER shall cover the Documentary Stamp Tax and the Transfer Fees
and all miscellaneous fees and expenses to transfer the certificate of title
in the name of the new owner.

6. The Notarization fees of the DEED OF ABSOLUTE SALE shall be

shouldered by both the SELLER and the BUYER equally;

7. Upon full payment of the total price, the SELLER shall sign and executed
a DEED OF ABSOLUTE SALE in favour of the BUYER. The SELLER shall
likewise execute and delivery any and all documents, including but not
limited to the original copy of the Transfer Certificate of Title, Tax
Declaration and all other documents necessary for the transfer of
ownership from the SELLER to the BUYER. Should SELLER fail to do so
for any reason, the SELLER hereby undertakes to return / refund to the
BUYERS all payments made by them to serve as a guarantee that the
SELLER shall faithfully comply with the obligations imposed under this
CONTRACT;

8. In case of delay of payment in the monthly installments by the BUYER,

the SELLER is entitled to 5% interest of the amount due per month;

9. In case the BUYER renege on their obligation to pay, the BUYER shall
forfeit Php 100,000.00 in addition to shouldering the necessary expenses
undertaken by the SELLER to accommodate the sale which shall be and
not limited to: AGENT FEES, REAL PROPERTY TAX.
IN WITNESS WHEREOF, we have hereunto set our hands this ___ day of

__________________ at ______________________________, Philippines.

MARIVIC L. GUTIERREZ DELFIN V. DELA PAZ

SELLER SELLER

GEMMA DELA CRUZ ZHOU

BUYER

Signed in the presence of:

_____________________________________ witnesses _____________________________________

REPUBLIC OF THE PHILIPPINES)

_________________________________)S.C.

BEFORE ME on this ___ day of _______________________________ personally

appeared:

to me known and known to me to be the same persons who executed the foregoing

instrument and they acknowledged to me that the same is their free and voluntary act

and deed.

This instrument refers to a Contract to Sell consisting of ____ pages including

this page whereon this acknowledgement is written signed by the parties and their two

(2) instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND NOTARIAL SEAL.

NOTARY PUBLIC

Doc No. _________;

Page No. _________;

Book No. _______;

Series of 2022.