February 21,2018

MR. 1111111111
Chairman and President
Urdaneta Avenue, Urdaneta Village,
Makati City

Dear Mr. Silverio ,

This confirms our intent to purchase the property located at 21 Urdaneta ave
corner _________________ with an area __________and covered by TCT No.
____________issued by the Registry of Deeds for Makati City under the following
terms and conditions :

1. Purchase Price - P250 million payable in the following manner :

a. P80million downpayment to form part of the price to be paid
upon acceptance of this offer and upon signing of Memorandum
of agreement .
b. Payments to be made to the BIR or the Register of Deeds shall
be issued directly to the said agencies by the Buyer which shall
be deducted from the P80 Million downpayment.
c. P170 million shall be payable five days after written notice that
the present occupant has vacated the premises

2. The new title for the subject property shall be under the name of the
undersigned buyer and shall be delivered to the Buyer within 30 working
days from release of the P80 Million downpayment. The undersigned buyer
shall have the option to nominate any of his corporations as the Buyer in
the Deed of Absolute Sale.

3. Capital gains tax or withholding tax, VAT if applicable and brokers

commission shall be for the account of the seller while documentary stamp
tax, transfer tax and registration fee shall be for the account of the buyer.

4. Documents requested :

a. Seller shall submit all documents required by buyer for due diligence
purposes. These include the certified true copy of title, tax declaration, tax
clearance, SEC documents of the Pilipinas Development Corp namely:
latest General Information Shee, Articles of Incorporation, By-laws and
Annual Audited Financial Statement and other documents that may be
requested .

c. Affidavit signed by Mrxxxxx to withdraw the pending case so as to lift

the lis pendens on the title.
 d. Removal of the Lis Pendens and any other encumbrance or annotation
on the title of the subject property except, of course, for the Deed of
Restrictions of the Urdaneta Village.

4. In the event that the sale shall not proceed for any reason not
attributable to the buyer, any agreement to sell shall be cancelled and
parties shall undertake mutual restitution of the P80 million down payment
and all other advances made by the buyer to the seller shall be returned to
the latter without need of demand.

Should you be amenable to the foregoing premises, please sign in the space
provided .

Thank you.

Sincerely,

Mr xx

CONFORME: