This document provides Manuel Arengo Jr., a licensed real estate broker, with the authority to negotiate the sale of a property belonging to the seller. The key details are: 1) The property is located at No. 375 Acacia St., Cebu City with a lot area of [blank] square meters. 2) Manuel Arengo Jr. is authorized to negotiate the sale of the property for a price of 15 million Philippine pesos. 3) Upon the full payment by the buyer or a down payment if financed by a bank, Manuel Arengo Jr. will receive a 5% commission of the final selling price.

1. AUTHORITY TO SELL<br />July 30, 2010<br /> <br />MANUEL R. ARENGO JR.<br />Licensed Real Estate Broker<br />Real Estate License No.1185<br />Expiration Date: September 30, 2010 No. 375 Acacia St., Cebu City<br /> <br />Dear Mr. Arengo<br />By virtue of my fiduciary trust, and in consideration of your acceptance of my offer, I hereby give you the authority to negotiate the sale of my property with a commission of 5% of the selling price with the following price, terms and conditions:<br />TITLE NUMBER: ___________________________________________________________LOT AND/OR FLOOR AREA: ___________Square Meters/_____________Square MetersLOCATION: _______________________________________________________________OTHER PERTINENT DESCRIPTION: __________________________________________ ___________________________________________________________________________<br />OFFER PRICE: Php15,000,000.00 (Fifteen Million Only Philippine Currency)TERMS OF PAYMENT: _______________________________________________________<br />REMARKS: _________________________________________________________________<br />____________________________________________________________________________<br />Should the sale be made or effected on modified terms or such other terms as may be accepted by me, you are likewise credited for the said sale and shall be given the above mentioned commission based on the revised/agreed price immediately upon full payment of the buyer or paid up down payment in case of bank financing.<br />Notwithstanding the expiration of this authority to sell, you shall still be entitled to your full commission provided that the name of the prospective buyer has been registered with me in writing during the period of your authority.<br /> <br />____________________________________<br /> <br />SELLER TAXPAYER IDENTIFICATION NUMBER: _____________________________RESIDENCE CERTIFICATE NO. ____________________<br />ISSUED AT: ______________________________________<br />DATE OF ISSUE: __________________________________<br />