OPTION TO PURCHASE

KNOW ALL MEN BY THESE PRESENTS:

That I, ________________________________________________,
of legal age, single/married to _______________________, Filipino
and a resident of ___________________________________,
hereinafter called the GRANTOR, in consideration of the amount of
________________________________________________ PESOS
(Php __________), Philippine Currency, the receipt whereof is
hereby acknowledged from _________________________, likewise
of legal age, single/ married to _______________________, Filipino
and residing at ___________________________________,
hereinafter called the GRANTEE, does hereby grant unto the said
GRANTEE the EXCLUSIVE OPTION TO BUY that certain real
property covered by Transfer Certificate of Title No.__________ and
more particularly described as follows:

__________________________________________
__(insert location and description of property here)__
__________________________________________

That the purchase price of the above described property is hereby

agreed at ___________________________________ PESOS (Php
__________), Philippine Currency, payable within the period of this
option, which shall expire on __________ at 12:00 noon/midnight of
said date;

That the GRANTEE, upon deciding definitely to exercise the right

under this option, shall serve written notice to the GRANTOR, at least
five (5) days in advance of the date to be fixed for the execution of
the final Deed of Absolute Sale, with warranty of title, and such other
legal papers as may be necessary and simultaneously for the delivery
of the agreed purchase price;

That it is further agreed that if the GRANTEE shall fail to exercise the
right under this option, within the period above stipulated, or defaults
to pay the agreed price on the date set for the execution of the
necessary documents, then this option is deemed automatically
cancelled and rendered of no further force and effect, and the
consideration paid therefor forfeited in favor of the GRANTOR;
Provided, however, that if the sale be consummated, the
consideration of this option received by the GRANTOR shall be
applied as part payment of the agreed purchase price; and
That all incidental expenses including attorney’s fees, documentary
stamps and capital gains tax shall be for the account of the
GRANTOR or seller and the registration fees and transfer tax for the
transfer to the GRANTEE or buyer shall be for the account of the
latter.

IN WITNESS WHEREOF, the GRANTOR has hereunto set his hand

at on the ____ day of _________, 20___.

___________________________________
Signature of Grantor

AGREED:

___Signature of Grantee___
Name of Grantee

SIGNED IN THE PRESENCE OF:

_______________________ ___________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

_____________________________ ) SS.

BEFORE ME, a Notary Public for and in the City of ___________________, this
___________________, personally appeared
______Grantor_________________ exhibiting to me his Passport No.
_____________ issued on ________________ and set to expire on
_____________, and ____Grantee____ exhibiting to me her Passport No.
_____________ issued on _____________ and set to expire on
________________ as their competent evidence of identity bearing their
photograph and signatures, who are known to me and to me known to be the
same persons who executed the foregoing instrument and acknowledged to me
that the same is their own free act and voluntary act and deed.

This instrument, consisting of (__) pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each and every
page hereof by the concerned parties and their witnesses, and sealed with my
notarial seal.

WITNESS MY HAND AND SEAL, at the place and date above-written.

 ATTY __________________________________
Doc. No. 123 COMMISSION NO. _________________________
Page No. 69 NOTARY PUBLIC for _________________________
Book No. VII UNTIL DECEMBER 31, 2007
Series of 2007 OFFICE: _________________________
ROLL NO. 00001
IBP Lifetime Roll No. 1234567 ; 01/07/07 ; LA UNION
MCLE COMPLIANCE No. __________; July 7, 2007