RESERVATION AGREEMENT

Buyer’s Name:
Last Name First Name Middle Initial

Project: Block: Lot: Customer No.:

1. I/we are aware of the property we want to buy and have toured the actual site/location prior to making a reservation.

2. I/we will pay the non-refundable and non-transferable reservation fee of Php per unit at R & A Property Development
Corporation. Reservation fees are subject to any current promotions at the time of booking.

3. I/We have read, completely understood, and agree to all of the terms and conditions of the Reservation Agreement, Deed of
Conditional Sale and all other documents before signing them.

4. I/we am/are aware of the unit's package price and payment system, which has been shown and clarified to me/us, as well as the
requirement to pay the relevant processing and transfer charge, and will issue PDCs for the entire term of Equity.

5. All fees and/or cash must be settled with the official cashier at Palco Realty Services Office. Any bank settlements must be made
through R & A Property Development Corporation designated bank accounts. R & A Property Development Corporation must be called
on all checks for payment settlement. R & A Property Development Corporation will issue a transaction receipt following payment
confirmation.

6. I/we will provide R & A Property Development Corporation with the documentation they need for their file references (please see
buyer's checklist) and to facilitate the transaction. I/We understand that after paying the equity, R & A Property Development
Corporation will work with us to process the loanable balance, which can be paid in cash, or through the Pag-Ibig financing scheme.

7. I/We understand that all late monthly payments will incur a 3% charge, and that failure to pay for three (3) consecutive months
will result in cancellation.

8. The developer will forfeit the payments made in cases of cancellation, whether by voluntary withdrawal or for a delinquent account,
according to the provisions of RA 6552, also known as "Maceda Law," less commissions and other fees to the broker, operational
costs, and other costs without interest.

9. It is not permitted to take possession of the unit as it is still unpaid in full. The developer may, however, accommodate the request if
the developer receives a legitimate reason and a written request. A letter of intent is also required, as well as a Php 5,000 transfer fees.

10. The buyer agrees to work with R & A Property Development Corporation and/or its approved representative in obtaining
documentation and filing them with Pag-ibig for the approval of the unit’s loanable balance.

11. After the unit has been turned over, that is the time any changes or extensions should be made. Following approval of the
aforementioned plans, a letter of intent, construction plans, and payment of the requisite Construction Bond are required

12. Any change and/or modification made while the house is being built without the developer's knowledge and permission, and as
a result of such irregularities and/or violations, the Buyer would be solely responsible for the expense and/or penalty incurred.

13. After the unit is finished, punchlisting will begin to find any flaws in the construction. Please be advised that any additional requests not
included in the punchlist will be denied. After all of the things on the punchlist have been satisfied, acceptance of the unit will
commence.

14. I/We are entitled for turn over the unit if the following conditions are met:

• A loan approval has been obtained from a financial institution, unless the loanable amount is to be paid in cash.
• With the project engineer, punchlisting was performed and completed.
• The unit's construction is fully finished (100%), and the buyer has signed the Certificate of Completion and Acceptance
(COCA)
• All outstanding charges or balances have been paid in full.
• The occupancy permit has been released by the appropriate government agency.

15. If you don't show up for punchlisting, approval, or turnover on the scheduled date, the unit will be considered accepted. R & A Property
Development Corporation will not be held responsible for any further maintenance. Likewise, the unit's warranty would be null and void.

16. The transfer of title can begin only after the loan has been approved and all outstanding balances have been paid.

17. I/We understand that, upon approval of the unit and/or conversion of the title to my/our name, I/We will be responsible for paying the
actual property taxes on the house and lot.

18. I/We would follow the laws and regulations of the subdivision's Homeowner's Association, as well as anything stated in the deed of
Restrictions.

Signature over Printed Name Signature over Printed Name R&A Property Development Corporation
of Client/Buyer of Broker/Agent