NON-EXCLUSIVE AUTHORITY TO SELL

THIS IS TO AUTHORIZE real property broker AMAY ONG VAÑO, Filipino, of legal age, a
resident of Cebu City, to do and perform any and all of the following acts:

TO SELL the said property which consists of a: building & lot at 94 Juana Osmeña St.
Capitol Hills Cebu City, more particularly described as follows:

Tax Dec No. GR2K-04-024-01444

Lot No. 898-E-2, Lot Area: 941 square meters
Transfer Certificate of Title No. 116397

Tax Dec No. GR2K-04-024-01441

Lot No. 898-E-1, Lot Area: 941 square meters
Transfer Certificate of Title No. 116398

Lot No. 898-D-2, Lot Area: 470 square meters

Transfer Certificate of Title No. 78319

Lot No. 898-D-1a, Lot Area: 217 square meters

Transfer Certificate of Title No. 78320

Lot No. 898-D-4a, Lot Area: 253 square meters

Transfer Certificate of Title No. 78316

That lot numbers 898-E-2 & 898-E-1 which totals 1882 square meters is owned by
Jesus Escaño Development Corporation, while lot numbers 898-D2, 898-D1a and
898-D4a totaling 940 square meters is is owned by our cousins, Fernando Escaño,
Maria Concepcion Escaño and Teresita Escaño. Total area for the lots is 2,822 square
meters, more or less.

That the said properties are contiguous and adjacent.

That should a possible sale were to be consummated, there will need to be separate
sales transactions for each of the individual owners.

That the broker’s commission will be charged to the account of the seller. The broker’s
commission will be set at 3% of the total sales price.

This is a Non-Exclusive Authority to sell shall become ineffective only after 180 days
from receipt of either party of a written notice terminating such authority.

That the asking price for the properties is P119,000.00 per square meter NET of all taxes
and fees with a total area of 2,822 square meters, more or less, and a total asking price of
P335,818,000.00

IMPROVEMENTS:

The property was the previous ancestral residence of Mr. & Mrs. Jesus F. Escano and has
presently been turned into a boutique hotel with 11 bedrooms, functions rooms,
restaurant and full kitchen. Currently the property is fully furnished and currently being
rented to Orange Carenderia under the management of Mrs. Beverly Pato.

ROAD RIGHT OF WAY:

The property sits at the side of Juana Osmeña Street with a 30 meter frontage. Road
access to the property is fully cemented as Juana Osmeña is a major thoroughfare.

EXPENSES:

Seller's Account: Broker’s Commission / Professional Fees

Buyer's Account: VAT, Transfer tax, documentary stamp,

notarial fees, registration fees and
 Capital Gains Tax & Corporate taxes

NOTARIAL: Seller will select a preferred attorney-at-law

To perform the notarial services in the documentation
of this transaction.

PAYMENT:

This agreement will assume a FULL CASH TRANSACTION.

Any transactions requiring participation of other financial institutions such as banks,
lenders ..etc, will require further negotiation and legal advice from the Seller’s
attorneys, as well as provisions for background investigations when necessary.

Please note that the Broker will not be authorized to receive payment on the Seller’s
behalf, nor bind the undersigned by any contract without subsequent specific
authority.

Broker shall register and identify potential BUYERS to the SELLER or its
representative at the first opportunity.

Broker shall submit formal offers to buy to the Seller in writing.

Broker shall receive the professional fee from the buyer no later than fifteen (15) days
after the completion of the sales transaction.

This authority will expire with the termination of the period stated, unless extended by
the undersigned in writing.

Notwithstanding the expiration of this authority to sell, brokers shall still be entitled to
your full professional fee provided that the name of the prospective buyer has been
registered with the seller in writing during the period of your authority.

The broker shall protect & hold the undersigned free from any claims, obligations from
any brokers and agents registered under his / her network.

_____________________________________ Date: November 19, 2018

Mamerto Tomas L. Escaño - Seller
Board Member and Shareholder
Jesus Escaño Development Corporation

Name of Owner: Jesus Escaño Development Corporation

Address: Coldlink Logistics Bldg. P.C. Suico St. Tabok, Mandaue City
Telephone Nos. (032) 268-6304

BROKER CONFORME:
Name of Broker: Amay Ong Vaño
Address: Cebu City
Tel No: 0927-286-6133
Brokers Real Estate PRC License No. ________________________
Validity Date:

Signature: ___________________________________ Date: _________________________