Deed Of Undertaking (To Deposit Cash Bond

Or Security By A Dealer, Broker, Or

Salesperson)

DEED OF UNDERTAKING

I, ______________________, Filipino, of legal age, and with residence

and __________________________________, after being sworn in
accordance with the law, hereby state:

1. That I am applying for registration as

a DEALER/BROKER/SALESPERSON, with the Housing and Land Use
Regulatory Board (HLURB), pursuant to Board Resolution No. 922, s. of 2014
and Memorandum Circular No. 02, series of 2015, as amended;

2. In compliance with the registration requirement of posting a bond or

acceptable security, I hereby agree to deposit as cash bond or security the
sum of _________________ (P_______) conditioned upon my faithful
compliance with Section 12 of Presidential Decree No. 957, otherwise known
as Subdivision and Condominium Buyers Protective Decree; and,

3. I hereby understand and agree that the foregoing cash deposit or bond
may be forfeited in favor of the HLURB in case the undersigned fails to
comply with the terms and conditions of my registration as provided under
Board Resolution No. 922, s. of 2014 and Memorandum Circular No. 02,
series of 2015, as amended.

IN WITNESS WHEREOF, I hereunto affix my signature this day of

_______, ______________ in _______________, Philippines.
 Name of Applicant

NOTARIZATION