September 13, 2019

RAMON S. DELA CRUZ

Brgy. Tabucan, Mandurriao
Iloilo City

OFFER TO BUY
Dear Mr. Dela Cruz,

In behalf of the Calumpang 178 People’s Organization, I, RUBEN G. NIÑO, the

organization’s President and authorized representative as shown by herein attached Board
Resolution and Secretary’s Certificate, hereby submit our offer to purchase thru negotiated
sale your property described as follows:

TCT Title Number: 095-2016004752

Location: Calumpang, Molo, Iloilo City, Philippines
Total Land Area: 44,158 Square Meters
Land Classification: Agricultural
Amount of Offer: Two Thousand Five Hundred per Square Meter (₱2,500/sq.m.)
Terms of Payment: INSTALLMENT
Earnest Money: Five Million Pesos Only (₱5,000,000.00)
Earnest Money Proposed Payment Date: September 30, 2019
1st Instalment Equity Payment: December 23, 2019
Amount: Twenty Five Million Pesos Only (₱25,000,000.00)

It is understood that we have inspected the property and that we are acquiring the same on
an “AS- IS-WHERE-IS” basis and that we shall be responsible for all taxes due to buyer,
notarial fees and registration expenses, whether necessary or incidental, arising from the sale
and in effecting the transfer of the property’s title to our organization’s name.

We can be contacted through my mobile no.:09475936400, or we can set a meeting on a

date we may agree upon. If you can't contact me by my cellphone, please contact my
representative MS. MARICEL O. BENDOY through the following number: 09309362547.

Respectfully yours,

MR. RUBEN G. NIÑO

President
Calumpang 178 People’s Organization, Inc.
Barangay Hall, Zone 7, Calumpang, Molo, Iloilo City