FAIRWAYS & BLUE WATER Boracay, Aklan

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FAIRWAYS & BLUE WATER Boracay, Aklan Land Area: 90 HECTARES No. of Holes: 18 HOLES Category: PROPRIETARY Year Established: DECEMBER 1997 Developer: FIL-ESTATE GROUP OF COMPANIES Designer: GRAHAM MARSH Total Authorized Share: 25,920 SHARES (Issued: 6,480) No. of Assignee: 1 ASSIGNEE AMENITIES: Luxury Resort Villas Condotels Golf Clubhouse & Spa Cascade Pool Sheraton Paradise Cove Hotel Fiesta Village Sports Port Health Club Jet Skis Gym Sailboats Jacuzzi / Spas Kayaks Massage Room Water Tricycles Indoor Basketball Court Clinic Sports Facilities Craft Studio Tennis Courts Children s Playport Basketball Court Children s Activity Program Beach Volleyball Dance Court Church Tee House Swashbucker s Bar Electronic Arcade Fishing Billiards Room Scuba Diving Group Games Central Plaza Children s Club Room Lounge Theater Card Room Bowling Alley Wind Surfing Snorkeling Buccaneer Grill

CLUB FEES: (PhP) Monthly Dues 3,950 TRANSFER FEE (PhP) Individual To Individual 150,000 TOTAL 197,400 Corporate To Individual 200,000 Individual To Corporate 200,000 Corporate To Corporate 200,000 Change of Assignee 25,000

SCHEDULES OF VILLAS ACCORDING TO SHARE OWNED: A Share Mar. to May (total of 14 days accommodation in 1 year; Class A1 is entitled to the use of one (1) bedroom suite Class A2 is entitled to the use of two (2) bedroom suites Class A3 is entitled to the use of three (3) bedroom suites B Share Oct. to Feb. (total of 14 days accommodation in 1 year; Class B1 is entitled to the use of one (1) bedroom suite Class B2 is entitled to the use of two (2) bedroom suites Class B3 is entitled to the use of three (3) bedroom suites C Share Jun. to Sep. (total of 7 days accommodation in 1 year; CLUB INFORMATION: Class C1 is entitled to the use of one (1) bedroom suite Class C2 is entitled to the use of two (2) bedroom suites Class C3 is entitled to the use of three (3) bedroom suites Waiver: NOT REQUIRED Posting period: Membership card: 1 month Stock Certificate: 3 months Earliest time to play: Upon receipt of the acknowledgment letter or welcome letter Dependent: Below 25 years old unmarried Holding period: 5 years after full payment There will be a P2,000 fee per night for the requested accommodation outside of the prescribed season; additional charges may apply for extra persons; usage will be deducted from member s respective benefit weeks

SPECIAL CLUB RULES: Shoe Spikes Use: Soft Spikes Guest/Weekdays: 3 to 5 guest Guest weekends: 3 to 5 guest Day for Tournament: Saturday & Sunday Maximum players: 100 players REQUIREMENTS: BUYER 1. Transfer Fee 2. Stock Certificate (Original) 3. Membership Application Form - with Customer Information Sheet 4. Specimen Signature Card of Principal Member 5. 1x1 Pictures of Principal Member - 2 pcs. 6. 1x1 Pictures of Dependent/s - 2 pcs. (Below 25 years old) 7. Marriage Contract 8. Birth Certificate of Dependents - (below 25yrs old) 9. Alien Certificate of Registration-ACR (Photocopy) 10. Passport (Photocopy) 11. Any Gov't-issued ID of Dependents - Spouse (Photocopy with signature)-2pcs 12. Photocopy of Valid ID with picture and signature - 2 valid IDs (authorized signatory/ principal member) 13. SEC Registration, Articles of Incorporation, and 14. Secretary Certificate or Board Resolution - To purchase (specify name of signatory & nominee) 15. Tax Identification Number (T.I.N.) - Shareholder (buyer) FOR FILING OF TAXES 16. Latest Community Tax Certificate - Corp/ Individual (Photocopy with signature) 17. Agreement of Final Sale 18. Acknowledgement of Representation 19. Reservation Application

SELLER Deed of Sale- with marital consent and with stipulation that the buyer hereby unconditionally abide by and comply with all rules, regulations and policies currently being implemented by the Club such other 1. BIR Certification 2. Clearance of Account 3. rules, regulations and policies as may be implemented by the Club in the future 4. Resignation Letter and Letter to Accounting 5. Letter of Transfer 6. Membership Cards 7. Membership Cards of Dependents 8. Secretary Certificate or Board Resolution - To sell (specify name of signatory) 9. Tax Identification Number (T.I.N.) - Shareholder (seller) FOR FILING OF TAXES 10. Proof of Acquisition Cost - FOR FILING OF TAXES Photocopy of Valid ID with picture and signature - (authorized signatory/ principal member & spouse)- 11. 2pcs 12. Passport (Photocopy) principal & spouse 13. Latest Community Tax Certificate (photocopy) principal & spouse