CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE

DEVELOPED CONDOMINIUM UNIT

In consideration of the mutual promises contained herein, the undersigned Seller

agrees to sell, to the undersigned Buyer, who agrees to buy, the herein described
property on the terms and conditions stated below.

1. PROPERTY DESCRIPTION: Condominium Unit # ________ and

improvements attached to said unit except the
following:______________________________________

2. PRICE: The purchase price of the property

is_____________________($___________________ ) dollars payable as follows:

(a) Earnest Money deposit $_____________________________

(b) Balance due at closing $_____________________________

SALE IS/IS NOT CONTINGENT ON FINANCING. If contingent on financing, Buyer

agrees to use reasonable diligence to obtain said financing.

Buyer is/is not assuming indebtedness of Seller to ________________________ in

the amount of ________________________to be applied to the purchase price.

3. CLOSING COSTS: Seller will pay for the preparation of the Deed of
Conveyance and other closing closes up to _________________________ . Buyer will pay
all other closing costs.

4. DEPOSIT: Buyer has deposited with Seller the sum of

$__________________ cash/check as earnest money. The same is to be applied to the
cash down payment on closing of this transaction.

5. (a) CLOSING DATE:__________________________________

(b) POSSESSION DATE:_______________________________

6. CONVEY TITLE TO________________________________

7. INSURANCE: Insurance is the responsibility of Buyer at closing.

8. PRORATION: (a) Property taxes shall be prorated at closing.

(b) Fees and assessments shall be prorated at closing.

9. SPECIAL PROVISIONS:

(a) Seller acknowledges that construction is complete of the Condo to be

sold and that the condominium is exempt from the Interstate Land Sales Procedure
Act, or if subject to said act that all required registrations have been met. If Seller is
the developer and the Condo is subject to the Interstate Land Sales procedure Act,
Seller agrees to provide Buyer with the Report of the development as required by
said act.

(a) Common area ownership is vested in the Condominium Cooperative.

(a) Buyer will be provided by Seller, the Condominium by-laws, rules and
regulations, operating budget and any other documents applicable to the
condominium ownership and Cooperative desired by Buyer, not privileged.

(a) Buyer acknowledges that Buyer is aware of the assessment fees for
upkeep of the Condo common areas.

(a) Termite inspection report will be provided by Seller.

10. TITLE AND CONVEYANCE: Seller is to convey Title by Warranty Deed

or other instrument (as appropriate) and provide Buyer with a Certificate of Title
prepared by an attorney or title company which will allow Buyer to obtain title
insurance from a title

company qualified to do and doing business in the state of . Seller shall, prior to or
at closing, satisfy all outstanding mortgages, deeds of trust and special liens
affecting the subject property which are not specifically assumed by Buyer herein.
Title shall be good and marketable, subject only to the following items recorded in
the County recorders office of said County; easements without encroachments,
applicable zoning ordinances, protective covenants, condominium restrictions and
declaration and prior mineral reservations; otherwise Buyer, at his option, may
either (a)if defects cannot be cured by designated closing date, cancel this contract,
in which case all earnest money deposited shall be returned, (b) accept title as is, or
(c) if the defects are of such character that they can be remedied by legal action
within a reasonable time, permit Seller such reasonable time to perform his curative
work at Sellers expense. In the event that the curative work is performed by Seller,
the time specified herein for closing of this sale shall be extended for a reasonable
period necessary for such action. Seller represents that the property may be legally
used as zoned and that no government agency has served any notice to Seller
requiring repairs, alterations or corrections of any existing condition except as
stated herein.

11. BREACH OF CONTRACT: Specific performance is the essence of this

contract, except as otherwise specifically provided:

(a) In the event of breach of this contract by Buyer, Seller at his option
may either: (1) accept the earnest money deposit as liquidated damages and this
contract shall then be null and void, or (2) enter suit in any court of competent
jurisdiction for damages, giving credit on said damages for the said earnest money
deposit, or (3) enter suit in any court of competent jurisdiction for specific
performance.

(b) In the event of breach of contract by Seller, Buyer at his option may either:
(1) accept the return of the earnest money deposit and cancel the contract, or (2)
enter suit for damages in any court of competent jurisdiction, or (3) enter suit in any
court of competent jurisdiction for specific performance.

(c) If it becomes necessary to insure the performance of the conditions of this

contract for either party to initiate litigation, then the losing party agrees to pay
reasonable attorneys fees and court costs in connection therewith.

12. SURVIVAL OF CONTRACT: All prior negotiations shall terminate with

the closing and this contract shall terminate.

13. MECHANICAL EQUIPMENT AND BUILT IN APPLIANCES: All such

equipment is sold as is without warranty.

14. CONDITION OF PROPERTY AND ACCEPTANCE: Buyer hereby

represents that he has personally inspected and examined the above mentioned
premises and all improvements thereon and accepts the property in its as is and
present condition. Buyer hereby acknowledges that unless otherwise set forth in
writing elsewhere in this contract neither nor Seller nor their representatives have
made any representations concerning the present or past structural condition of the
slab or foundation of this property. Buyer also hereby agrees that he will not hold
Seller or its representatives responsible or liable for any present or future structural
problems or damage to the foundation or slab of said property.

15. DAMAGE BY FIRE, ETC.: This contract is further conditioned upon

delivery of the improvements in their present condition and in the event of material
damage by fire or otherwise, before closing this contract shall be void and Buyer will
be refunded his earnest money. Seller agrees to keep the subject property insured
against fire and extended coverage risks until closing.

16. AGREEMENT OF PARTIES: This contract incorporates all prior

agreements between the parties, contains the entire and final agreement of the
parties, and cannot be changed except by their written consent. Neither party has
relied upon any statement or representation made by the other party or any sales
representative bringing the parties together. Neither party shall be bound by any
terms, conditions, oral statements, warranties, or representations not herein
contained. Each party acknowledges that he has read and understands this
contract. The provisions of this contract shall apply to and bind the heirs, executors,
administrators, successors and assigns of the respective parties hereto. When
herein used, the singular includes the plural and the masculine includes the
feminine as the context may require.

17. SELLERS STATEMENT: The offer stated herein is hereby accepted and
Seller agrees to sell the herein described property on the terms and conditions set
forth herein.

18. ASSIGNMENT: This agreement may not be assigned without the

consent of the other party except for purposes of a tax free exchange, if desired.

19. BROKER: The parties agree that no broker or broker fees is involved in this
transaction.

20. APPLICABLE LAW: This agreement shall be construed according to the laws of
the
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 DEED OF SALE

KNOW ALL MEN BY THESE PRESNTS:

I, (Full name of vendor), Filipino, single/married to ____________, of legal age, and

with residence and post-office address at _________________________________ for and
in consideration of the sum of _____________PESOS (P_____), Philippine currency, to
him in hand and paid by (Full name of vendee), Filipino, of legal age, with residence
and postoffice address at __________________________________________, DOES HEREBY
SELL, TRANSFER, AND CONVEY unto the said (Full name of vendee), his/her heirs
and assigns, that certain parcel (or parcels of land, together with all the buildings
and improvements thereon belonging to the vendor and in present possession of
_______________________, situated in ______________________________, and more
particularly described as follows, to wit:

(Description: State nature of each piece of land and its improvements, situation,
boundaries, are in square meters, whether or not the boundaries are visible on the
land by means of monuments or otherwise, and in the affirmative case, in what they
consist; the permanent improvements, if any, existing on the property; the page
number of the assessment of each property for current year or years when
registration is made; the assessed value of the property for the year.)

That it is hereby declared that the boundaries of the foregoing land are visibly by
means of ____________________; that the permanent and improvements existing
thereon consists of _____________________(If none, state so; that the land is assessed
for the current year at P_______ as per Tax Declaration No. ______, and the buildings
and/or improvements, at P_____ as per Tax Declaration No. _____ of the
City/Provincial Assessor of _______; The above-described real estate, not having
been registered under Act No. 496 or under the Spanish Mortgage Law, the parties
hereto have agreed to register this instrument under the provisions of Sec. 194 of
the Revised Administrative Code, as amended by Act No. 3344.

IN WITNESS WHEREOF, the parties hereto have signed this deed this ____day of ____,
20____ in ______________, Philippines.

_________________

(Vendor)

With my consent:

_________________

(Vendors wife)

SIGNED IN THE PRESENCE OF:

____________________

(Witness)

_____________________

(Witness)
 DEED OF SALE

KNOWN ALL MEN BY THESE PRESENTS:

I, (Full name of vendor), Filipino, single/married to ____________, of legal age,

with residence and post-office address at
_____________________________________________, for and in consideration of the sum of
__________ PESOS (P_______) , Philippine currency, to me in hand paid by (Full name
of vendee), Filipino, of legal age, with residence and post-office address at
_______________________________, do hereby SELL, TRANSFER, and CONVEY,
absolutely and unconditionally, unto the said ______________ his/her heirs and
assigns, that certain parcel (or parcels) of land, together with the buildings,
improvements thereon, situated in (city or municipality, and province) and more
particularly described as follows, to wit: (Description) of which I am the registered
owner in fee simple in accordance with the Land Registration Act, my title thereto
being evidenced by Transfer (or Original) Certificate of Title No. _______, issued by
the Register Deeds of _____________________. It is hereby mutually agreed that the
vendee shall bear all the expenses for the execution and registration of this deed of
sale. IN WITNESS WHEREOF, I have hereunto signed this deed of sale, this ________
day of _____, 20_____, at _______________ (city or municipality), Philippines.

_________________

(Vendor)

With my consent:

_________________

(Vendors wife)
SIGNED IN THE PRESENCE OF:

____________________

(Witness)

_____________________

(Witness)