ACKNOWLEDGMENT RECEIPT

Date: ________________

This is to acknowledge that I received the total amount of Three Million Six Hundred Ninety Eight Thousand Pesos (Php 3,698,000.00) as full payment of our house and lot in 100 Virgin Island St., Vittoria Subdivision, Mactan Cebu with a total Lot Area of 165 square meters covered by TCT Nnumbers:  T-50473,  T-50474, T-50475.

This full payment is net of Reservation Fee of Seventy Two Thousand Pesos  (Php 72,000.00)  which was already paid as earnest money. This payment includes Capital Gain Tax, Documentary stamps, transfer tax, Registration Fees and Broker’s Commission as per agreement.

Details of Payment:

Check No. ________________  Date: ________________  Php ________________

Check No. ________________  Date: ________________ Php _________________

Check No. ________________  Date: ________________ Php _________________

                                                          Received by:  ____________________________

                                                                                            Name of Seller

                                                                                  ____________________________

                                                                                             Name of Seller’s Spouse

Drafted by: Engr. Manuel R. Arengo Jr.

Real Estate Broker's License No. 1185

Mobile No. +639228320056

www.cebubesthomes.com