This is to authorize you to negotiate the sale of my property described below under the following terms and conditions:

           Location _________________________________________________

           Description Block No._____ Lot No. _____ TCT No. _____________

                     of the Registry of Deeds of _____________________________

           Area __________________________________ ( ) sqm.

           Improvements _____________________________________________

           Price P _________/sqm Total Price: ___________________________

           Expenses: Documentary stamps, real estate and capital gains taxes shall be for

                     the account of the undersigned seller. Whereas, registration expenses,

                     documentation and transfer fees shall for the account of the buyer.

           Broker's Commission : Five (5%) percent of the final total selling price.

           Period of Authority: Thirty (30) days from date of this authority or until August 30,

                    2003

Signature of Seller