This is to authorize you to offer to sell, for at least THIRTY SIX MILLION PESOS

(Php36,000,000.00), the a parcel of land, including the improvements thereon, situated

in the Municipality of Talisay, Province of Cebu, Island of Cebu, and the covered by
PEACE STUDIES, and more particularly described as follows:

This authority shall remain valid until suspended or revoked upon thirty (30) days
prior written notice to your address indicated above.

PEACE STUDIES

This is to authorize you to offer to sell, for at least THIRTY SIX MILLION PESOS
(Php36,000,000.00), the a parcel of land, including the improvements thereon, situated
in the Municipality of Talisay, Province of Cebu, Island of Cebu, and the covered by
PEACE STUDIES, and more particularly described as follows:

This authority shall remain valid until suspended or revoked upon thirty (30) days
prior written notice to your address indicated above.

PEACE STUDIES

This is to authorize you to offer to sell, for at least THIRTY SIX MILLION PESOS
(Php36,000,000.00), the a parcel of land, including the improvements thereon, situated
in the Municipality of Talisay, Province of Cebu, Island of Cebu, and the covered by
PEACE STUDIES, and more particularly described as follows:

This authority shall remain valid until suspended or revoked upon thirty (30) days
prior written notice to your address indicated above.

PEACE STUDIES