1. E-BROKER SALES UPDATES

2. Payment Schemes for Closing Fees SchemeDescriptionRate Scheme 1 Cash Payment One time cash payment 30 days after reservation date 9.6% of the TCP Scheme 2 DP Period Closing fees amortized in equal monthly payments during the DP period 10% of the TCP

3. Payment Schemes for Closing Fees SchemeDescriptionRate Scheme 3 Lump Sum at RFO date One time payment at RFO date 10.5% of the TCP Scheme 4 Installment Closing fees amortized in equal monthly payments up to the end of the term 12% of the TCP

4. APPLICABLE PROJECTS HIGHER CLOSING FEES Effective July 1, 2012 Effective July 1, 2012 La Verti Residences (LVR) La Verti Residences (LVR) Flair Towers (FLT) Flair Towers (FLT) One Castilla Place (OCP) One Castilla Place (OCP) Torre de Manila (TDM) Torre de Manila (TDM) Effective July 6, 2012 Effective July 6, 2012 ARISTA (ARP) ARISTA (ARP) SERISSA (SER) SERISSA (SER) Effective September 1, 2012 Effective September 1, 2012 Zinnia Towers (ZNT) Zinnia Towers (ZNT)

5. CASH INCENTIVE –INCREASE CLOSING FEES Mid Rise (Serissa & Arista place) Mid Rise (Serissa & Arista place) Agent :Php 1,500.00 Agent :Php 1,500.00 Broker :Php 1,500.00 Broker :Php 1,500.00 High Rise ( FLT, ZNT, LVR, OCP, TDM) High Rise ( FLT, ZNT, LVR, OCP, TDM) Agent : Php 2,500.00 Agent : Php 2,500.00 Broker : Php 2,500.00 Broker : Php 2,500.00 Effective August 1 – October 31, 2012 Effective August 1 – October 31, 2012 Account must be closed within 30 days from date of RF Account must be closed within 30 days from date of RF

6. TAM & IRM SELLERS INCENTIVE Agent : Php 1,500.00 – 1 st unit sale Agent : Php 1,500.00 – 1 st unit sale Php 2,500.00 – 2 units and up Php 2,500.00 – 2 units and up Broker : Php 1,500.00 – 1 st unit sale Php 2,500.00 – 2 units and up Php 2,500.00 – 2 units and up Effective August 1-September 30, 2012. Applicable to 2BR and 3BR Units. For personal sale of Broker, cash incentive intended to agent will be addition to their incentive. Account should be closed 30 days from date of RF. Incentive will be given upon clearing of 1 st dp.

7. AVB TACTICAL INCENTIVE AgentPhp 5,000.00 AgentPhp 5,000.00 BrokerPhp 5,000.00 BrokerPhp 5,000.00 Effective August 1, 2012 to September 30, 2012 Effective August 1, 2012 to September 30, 2012 Account must be closed within 30 days from RF date. Account must be closed within 30 days from RF date.

8. PROMO TERMS IRIS BLDG (TGR) – Fixed Discounted List Price of Php 3,264,000 from September 11 to October 15, 2012. There’s a specific units only. IRIS BLDG (TGR) – Fixed Discounted List Price of Php 3,264,000 from September 11 to October 15, 2012. There’s a specific units only.

9. MARICIELO VILLAS PROMO 5% Spot, 10% in 12 months, 85% IH 5% Spot, 10% in 12 months, 85% IH Segovia Bldg – 37sqm, 42sqm, 45.5sqm, 51sqm (2BR); Segovia Bldg – 37sqm, 42sqm, 45.5sqm, 51sqm (2BR); Pontevedra Bldg – 37sqm, 45.5sqm, 49.5sqm, (2BR), 65sqm (3BR) Move-in at 5% DP with notarized DOU Regular discount is not applicable, only 2% PDC discount may be applied. Effective July 9 to September 30, 2012 Effective July 9 to September 30, 2012

10. MAV EXTENDED DP EFFECTIVE July 1 to October 31, 2012 Sebastian Bldg from November 2012 to May 2013 (6 months extension) Sebastian Bldg from November 2012 to May 2013 (6 months extension) Almeria Bldg from January 2013 to May 2013 (4 months extension) Almeria Bldg from January 2013 to May 2013 (4 months extension) Regular discount is not applicable, only 2% pdc discount is applicable. Regular discount is not applicable, only 2% pdc discount is applicable.

11. MAV-MOVE IN AT 5% DP Madrid Bldg – RFO Date September 2012 Madrid Bldg – RFO Date September 2012 Promo Term : 5% Spot, 10% in 12 months Promo Term : 5% Spot, 10% in 12 months 85% balance IH subject to applicable interest 85% balance IH subject to applicable interest Applicable to : 42sqm, 49.5sqm, 65sqm (2BR) Applicable to : 42sqm, 49.5sqm, 65sqm (2BR) No regular discount, only 2% pdc discount No regular discount, only 2% pdc discount

12. RHAPSODY PROMO TERM 10% DP until RFO plus 6mos, 90% Bal 10% DP until RFO plus 6mos, 90% Bal Carillon, Cello, Clarinet Carillon, Cello, Clarinet 10% DP until RFO, 90% Balance 10% DP until RFO, 90% Balance Harmonica, Lyre, Mandolin Harmonica, Lyre, Mandolin No regular discount, 2% PDC shall apply No regular discount, 2% PDC shall apply Effective September 1- November 30, 2012 Effective September 1- November 30, 2012

13. RHAPSODY DISCOUNT PROMO Viola Bldg – 5% discount on list price Viola Bldg – 5% discount on list price Applicable to : 301, 302, 303, 304 Applicable to : 301, 302, 303, 304 401, 402, 403, 404 401, 402, 403, 404 Effective October 1, 2012 to December 31, 2012 Effective October 1, 2012 to December 31, 2012 Regular discount will only applicable if buyer avails standard payment term of minimum 15% DP over RFO ( May 2014) Regular discount will only applicable if buyer avails standard payment term of minimum 15% DP over RFO ( May 2014)

14. RHAPSODY RESIDENCES PRICE INCREASE 2% Price Increase on all Buildings except Viola bldg. 2% Price Increase on all Buildings except Viola bldg. Effective November 1, 2012 Effective November 1, 2012

15. ARISTA PROMO TERM Effective September 15 to November 30, 2012 10% Dp until RFO, 90% Bal – IH or BF 10% Dp until RFO, 90% Bal – IH or BF No regular discount, only 2% pdc discount No regular discount, only 2% pdc discount For back units only of Grande, Apex, Vincere And Alta. For back units only of Grande, Apex, Vincere And Alta.

16. Move-in at 10% DP Cleared Accolade Place (RFO September 2012) Accolade Place (RFO September 2012) Sienna Park Residences – Auburn Bldg (October 2012) Sienna Park Residences – Auburn Bldg (October 2012) Royal Palm Residences 2 – Rawai (January 2013) Royal Palm Residences 2 – Rawai (January 2013)

17. TGR – IRIS AND HIBISCUS PROMO EFFECTIVE June 1 to November 30, 2012 Iris Bldg – RFO March 2013 Studio Unit – 15% RFO + 3months, 85% BAL 1BR, 2BR & 3BR– 10% RFO + 6months, 90% BAL Hibiscus – RFO September 2013 1BR, 2BR & 3BR- 10% RFO + 6months, 90% BAL Note: only 2% PDC discount may be applied.

18. PAYMENT SCHEME PROMO UNTIL November 30, 2012 Applicable to Old Projects : Applicable to Old Projects : Palmgrove (PG) Vista de Lago (VDL) Rainbow Ridge Condominium (RRC) Mayfield Park Residences (MPR) East Ortigas Mansion (EOM) Hampstead Garden Condominium (HGC)

19. Promo Terms 10% DP 6mos, 10% DP 12mos, 80% IH 10% DP 6mos, 10% DP 12mos, 80% IHor 5% Spot, 5% 5mos, 10% 12mos, 80% IH or 10% Spot, 10% 12mos, 80% IH Regular discount is not applicable, only 2% pdc discount may be applied 5% dp cleared – Move in, account should be under IH

20. PARKING SLOT –PAYMENT TERM PROMO 10% DP in 9 Months, 90% Balance 10% DP in 9 Months, 90% Balance Promo until November 30, 2012 Promo until November 30, 2012 Projects Applicable Projects Applicable VDL VDL PG PG HGC HGC EOM EOM MPR MPR

21. PROMO TERM FOR SLP Effective July 1 to September 30, 2012 15 % until RFO (March 2014), 85% IH or BF 15 % until RFO (March 2014), 85% IH or BF Regular discount is not applicable, only 2% PDC discount may be applied. Regular discount is not applicable, only 2% PDC discount may be applied.

22. ILUMINA PAYMENT SCHEME PROMO 5% 3 mos, 15% 21 mos, 80% IH 5% 3 mos, 15% 21 mos, 80% IH 5% spot, 15% 23 mos, 80% IH 5% spot, 15% 23 mos, 80% IH Buyers Promo: Buyers Promo: 2BR – 5 nights /year for 3 yrs AVB GC 2BR – 5 nights /year for 3 yrs AVB GC 3BR – Php 50K worth of appliances GC 3BR – Php 50K worth of appliances GC 2% PDC may be applied 2% PDC may be applied Account should be closed within 30 days from date of RF Account should be closed within 30 days from date of RF Incentive will be processed upon clearing of first DP and shall be released upon turnover of unit. Incentive will be processed upon clearing of first DP and shall be released upon turnover of unit. Effective from September 1 – October 31, 2012 Effective from September 1 – October 31, 2012

23. THE AMARYLLIS PAYMENT SCHEME PROMO 5% in 15 mos, 10% in 15 mos, 85% Bal 5% in 15 mos, 10% in 15 mos, 85% Bal Applicable to new reservations within the promo period September 1 – October 30, 2012 Applicable to new reservations within the promo period September 1 – October 30, 2012 Regular discount is not applicable only 2% PDC may be applied Regular discount is not applicable only 2% PDC may be applied

24. SORREL PAYMENT TERM PROMO Effective September 1 to November 30, 2012 15% Dp until RFO (Jan 2015) 15% Dp until RFO (Jan 2015) 85% Balance IH or BF 85% Balance IH or BF Applicable on all: Applicable on all: 1-BR (33sqm & 35sqm) 1-BR (33sqm & 35sqm) 2-BR (41sqm, 49sqm & 53sqm) 2-BR (41sqm, 49sqm & 53sqm) 3-BR (66sqm) 3-BR (66sqm) No regular discount, only 2% pdc discount. No regular discount, only 2% pdc discount.

25. AVB GC Buyer’s Promo for The Amaryllis (TAM) Gift Certificate for 3days / 2nights at AVB Deluxe room with 2 breakfast for two. Gift Certificate for 3days / 2nights at AVB Deluxe room with 2 breakfast for two. Valid for one year (from January 01, 2013 to December 31, 2013) Valid for one year (from January 01, 2013 to December 31, 2013) Accounts should be closed within 30 days from date of RF. Accounts should be closed within 30 days from date of RF. G.C will be processed upon clearing of 1 st DP and shall be released on or before December 01, 2012. G.C will be processed upon clearing of 1 st DP and shall be released on or before December 01, 2012. Effective August 16, 2012 to September 30, 2012. Effective August 16, 2012 to September 30, 2012.

26. ZINNIA TOWERS-REVISED RFO DATE FROM JULY 2015 TO MAY 2016 THIS APPLY TO RESERVATION MADE FROM SEPTEMBER 7, 2012 ONWARDS.

27. MOTORCYCLE PARKING SLOT PAYMENT SCHEME Reservation FeePhp10,000.00 Reservation FeePhp10,000.00 Downpayment100% Downpayment100% Payableover 48 months Payableover 48 months Only 2% pdc discount shall be applicable Only 2% pdc discount shall be applicable Turn over be allowed upon 20% payment applicable for RFO projects. Turn over be allowed upon 20% payment applicable for RFO projects.

28. FOUNDATION TRAINING Foundation Training for Licensed Broker Foundation Training for Licensed Broker October 1, 2012 October 15, 2012 October 29, 2012 November 12, 2012 November 26, 2012

29. FOUNDATION TRAINING Foundation Training for Sales Agent (every Tuesday & Wed) Foundation Training for Sales Agent (every Tuesday & Wed) October 2 & 3, 2012 October 16 & 17, 2012 October 30 & 31, 2012 November 13 & 14, 2012 November 27 & 28, 2012

30. Commission Release for High Rise Sales Starting January 1, 2012 % Paid Documents Required % of Commission Reservation Fee Reservation Agreement, Crf, cleared RF 5,000 Cash Advance (C.A) 5% payment of TCP Complete docs, signed CTS, complete PDC’s 30% of commission less C.A 10% payment of TCP All of the above 30% of commission 15% payment of TCP All of the above 20% of commission All of the above plus LOG or Notice of approval 20% of commission 20% payment of TCP All of the above plus Loan Release Full commission

31. APPLICABLE BELOW HIGH RISE PROJECTS 1. TGR (Iris and Hibiscus) 1. TGR (Iris and Hibiscus) 2. LVR (La Verti) 2. LVR (La Verti) 3. FLT (Flair Towers) 3. FLT (Flair Towers) 4. RPR (Rawai and Kamala) 4. RPR (Rawai and Kamala) 5. SLP (Magna) 5. SLP (Magna) 6. ZNT (Zinnia Towers) 6. ZNT (Zinnia Towers) 7. SOR (Sorrel Residences) 7. SOR (Sorrel Residences) 8. OCP (One Castilla Place) 8. OCP (One Castilla Place) 9. IRM (Ilumina) 9. IRM (Ilumina) 10. TAM (The Amaryllis) 10. TAM (The Amaryllis) 11. TDM (Torre de Manila) 11. TDM (Torre de Manila)

32. PRICE INCREASE EFFECTIVE June 15, 2012 Ohana Place (OP) Ohana Place (OP) Cedar Crest (CEC) Cedar Crest (CEC) Siena Park Residences (SPR) Siena Park Residences (SPR) Royal Palm Residences (RPR) Royal Palm Residences (RPR) Tivoli Garden Residences (Bauhinia, Eugenia & Heliconia Bldg.) Tivoli Garden Residences (Bauhinia, Eugenia & Heliconia Bldg.) Maricielo Villas (MAV) Maricielo Villas (MAV) East Raya Garden (ERG) East Raya Garden (ERG) Accolade Place (ACP) Accolade Place (ACP)

33. MOTHLY INCENTIVE FOR BROKER GROUP BROKER GROUP BROKER GROUP 10M SALES 10,000 CASH 20M SALES 20,000 CASH 30M SALES 30,000 CASH 40M SALES 40,000 CASH 50M SALES 50,000 CASH

34. AEIC SALES OFFICE Effective September 22, 2012 Saturday will be CLOSED Effective September 22, 2012 Saturday will be CLOSED Model unit of AVB still in AEIC Model unit of AVB still in AEIC RPR sales office will handles CEC and AVB RPR sales office will handles CEC and AVB Resume December 2012. Resume December 2012.

35. CYPRESS SALES OFFICE Effective September 22, 2012 Saturday will be CLOSED Effective September 22, 2012 Saturday will be CLOSED Model unit still available at Celesta 2215 Model unit still available at Celesta 2215 RPR handles Cypress availability RPR handles Cypress availability