(SAME FORMAT AS ABOVE DEED OF SALE WITH VENDOR REFERRED AS "VENDOR A RETRO" AND VENDEE AS "VENDEE A RETRO")

           That the VENDOR A RETRO is the registered owner of a parcel of land, more particularly described as follows:

           THAT FOR AND IN CONSIDERATION of the sum of _______PESOS (P______), Philippine Currency, in hand paid by the VENDEE A RETRO to the full satisfaction of the VENDOR A RETRO, the latter hereby SELLS, CEDES, AND CONVEYS by way of SALE WITH RIGHT TO REPURCHASE unto the VENDEE A RETRO, his heirs, and assigns, the above described real property;

          That said VENDOR A RETRO hereby reserves for himself , his heirs, successors or assigns, the right to repurchase the property subject matter of this contract by paying back, during a period of _____ years (not exceeding ten years) from the date hereof, delivering to the VENDEE A RETRO the purchase price herein agreed upon, together with all the expenses incident to the repurchase, and title to said property shall then pass to and become vested, absolutely and without reservation, in the VENDOR A RETRO, his heirs, successors and assigns for the said amount of _______PESOS (P________);

           That should the VENDOR A RETRO fail to repurchase the above described property after the agreed period, the VENDEE A RETRO shall have all the right to institute the necessary proceeding for the full consolidation of ownership unto himself, under existing laws and jurisprudence.

           That this parcel of land does not come under the operation of the Land Reform Code of the Phils. or the implementing circulars thereon.

           IN WITNESS WHEREOF, the parties have hereunto set their hands this ___ day of _______, 2003 at the City of Lipa.