THE ORCHARD GOLF & COUNTRY CLUB Km. 27 E. Aguinaldo Highway Dasmariñas, Cavite

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1 THE ORCHARD GOLF & COUNTRY CLUB Km. 27 E. Aguinaldo Highway Dasmariñas, Cavite Land Area: 131 HECTARES No. of Holes: 36 HOLES Category: PROPRIETARY Year Established: 1994 Developer: STA. LUCIA REALTY & DEVELOPMENT INC. Designer: ARNOLD PALMER Total Authorized Share: 3,000 SHARES Class A: 1,800 (Issued: 1,800) Class B: 700 (Issued: 700) Class C: 500 (Issued: 500) No. of Assignee: 2 ASSIGNEES AMENITIES: 25 bay Practice Range with chipping and putting greens. 12-lane Bowling Centre Billiard Hall 3 indoor crushed shell surface tennis courts. Table Tennis Indoor Basketball Gymnasium seating for 200 spectators 2 Squash courts 2 Badminton Courts Kiddies Playroom 25X 15-metter swimming pool and round kiddies pool Play Station Arcade Dance Revolution The Mango Grove Fish pond Gym and Fitness Center 150 seat Cinema Men s and Ladies Locker rooms Golf Pro shop Beauty Salon The Golfer s Lounge Golfers Veranda Conrado Benitez Hall Banqueting Facilities Taverna Verde Bowling Café Kiosks at Poolside, Palmer Course (2) and Player Course (3) GOLF COURSES Palmer Course Player Course

2 CLUB FEES: MONTHLY DUES Proprietary Member/Corp. Assignee 5,040 Playing Rights Member 5,600 Consumable 500 TRANSFER FEE: Individual Transfer Fee 140,000 3 Months Advance Dues 15,120 TOTAL 155,120 CORPORATE Transfer Fee 140,000 3 Months Advance Dues (2 Assignees) 30,240 TOTAL 170,240 CHANGE OF ASSIGNEE (Director & bonafide employee with executive status) Transfer Fee 50,000 3 Months Advance Dues 15,120 TOTAL 65,120 CHANGE OF ASSIGNEE (neither an executive nor a director of the company) Transfer Fee 84,000 Refundable Deposit 25,000 3 Months Advance Dues (PhP5,040 per month) 15,120 TOTAL 124,120 PLAYING RIGHTS: Processing Fee 84,000 Refundable Deposit 25,000 3 Months Advance Dues 16,800 TOTAL 125,800 CHANGE OF LESSOR FEE 84,000 REPLACEMENT OF LOST STOCK CERTIFICATE 5,000

3 CLUB INFORMATION: Class A: Individual or Corporate (Filipino-owned); 1 assignee only Class B: Individual (Foreign/ Filipino) or Corporate (Foreign/ Filipino-owned); 1 assignee only Class C: Corporate; regardless if Filipino or Foreign-owned; 2 assignees Waiver: NOT REQUIRED Proposer (1) / Seconder (2) Posting period 30 days Membership card: Temporary card issued one (1) day after the interview date. Permanent card: Issued after final approval of the board of directors (1 month after the interview). Dependent s age limit: 29 years old & below, unmarried Schedule of Screening: Every end of the month Interview: Every 1 st Tuesday of the month after the screening of the application. Stock Certificate: 4 to 6 months Surety Bond for lost Stock Certificate: amount of bond should be equivalent to 150% of the market value of the share Earliest time to play: Upon issuance of temporary card Special membership: a. Honorary - Automatically extended to the President of the Philippines, the Governor of Cavite and the Mayor of the Municipality of Dasmariñas, Cavite. b. Founding members - Composed of original incorporators or subscribers of the corporation who are holders of founders share. - Owners of founders shares have the sole right to vote and hold office as Directors within a period of five (5) years from the time of incorporation. - After the initial five-year period has lapsed it may not be extended or renewed, thus putting them on equal footing in all respects with the common shares.

4 SPECIAL CLUB RULES: Soft Spikes Guest endorsement: Accompanied by a member: Green Fee: Weekdays: P1,800.00/ pax : Weekdays: P 3,200.00/ pax *Foreign guests must bring valid Philippine government- issued IDs to avail of the accompanied rate Unaccompanied: Green Fee: Weekdays: P 3,500.00/ pax : Weekdays: P 4,500.00/ pax *The member must submit the endorsement letter to the Club at least one (1) week prior to the visit for the approval of the Golf Director, Mr. Ray Sangil No. of Allowed Guests: Weekdays: 8AM to 10AM: 3-4 pax / 11AM onwards: 2 pax Weekends: 8AM to 12NN: 3-4 pax/ 1PM onwards: 2 pax Days for Tournament (Monday - anytime, Wednesday 8:00 a.m. onwards) Maximum Player 180 Corporate Buyers with Korean assignees will have to purchase a corporate share from Corporate Sellers with Korean assignees Individual Korean buyers will have to purchase an Individual share from Korean sellers

5 REQUIREMENTS: BUYER 1. Transfer Fee 2. Advance Monthly Dues 3. Stock Certificate (Original) 4. Membership Application Form 5. Proposer - one (1) 6. Seconder - two (2) 7. 2x2 Pictures of Principal Member - 1 pc. 8. 2x2 Pictures of Dependent/s - 1 pc. 9. Marriage Contract - Original NSO Certified 10. Birth Certificate of Dependents - Original NSO Certified-(below 29yrs old unmarried children) 11. Alien Certificate of Registration-ACR (Photocopy) - or Alien Employment Permit (for Foreigners) 12. Passport or Driver's License (Photocopy) - (for valid identification) or PRC/SSS/GSIS ID 13. Photocopy of Valid ID with picture and signature 14. Certificate of Employment - or Business Permit (for entrepreneur) if not employed 15. Company I.D. (Photocopy) 16. Latest Audited Financial Statement (Photocopy) - For entrepreneurs only 17. Company Profile - For entrepreneurs only 18. SEC Registration, Articles of Incorporation, and 19. Secretary Certificate or Board Resolution - To purchase (specify name of signatory & nominee) 20. Tax Identification Number (T.I.N.) - Shareholder (buyer) FOR FILING OF TAXES 21. Latest Community Tax Certificate

6 SELLER 1. BIR Certification 2. Clearance of Account 3. Deed of Sale 4. Resignation Letter and Letter to Accounting 5. Membership Cards 6. Membership Cards of Dependents Secretary Certificate or Board Resolution - To sell (specify name of signatory) Tax Identification Number (T.I.N.) - Shareholder (Seller) 9. Proof of Acquisition Cost - FOR FILING OF TAXES 10. Photocopy of Valid ID with picture and signature 11. Passport (Photocopy) 12. Latest Community Tax Certificate CLUB PROCESSING 1. Posting Period - 30 days after interview 2. Screening of the Application - every end of the month 3. Interview - every 1st Tuesday of the month 4. Issuance of Temporary Card - after the interview 5. Issuance of Permanent Card - 1 month after posting 6. Issuance of Stock Certificate - 4 to 5 months (ORCHARD)