SMDC LIGHT RESIDENCES Mandaluyong - Price and Payment Terms

New payment term for Light Residences Tower 2
20% downpayment payable over 24 months, 80% Bank Financing or Lumpusm  Discount:  4%

Payment Terms for Tower 2
(effective September 01, 2011)

1. Cash 30
Discount on TLP - 15.0%
Reservation Fee - 25,000
Downpayment - 96% net of reservation
Balance - n.a.
Retention - 50,000

2. Deferred Cash
Discount on TLP - 6.0%
Reservation Fee - 100,000
Downpayment - no dp
Balance - 100% payable in 36 months
Retention - none

3. Spot DP 10%
Discount on TLP - 5.0%
Reservation Fee - 25,000
Downpayment - 10% net of reservation
Balance - 90% payable in 36 months
Retention - none

4. Spot DP 20%
Discount on TLP - 7.0%
Reservation Fee - 25,000
Downpayment -20% net of reservation
Balance - 80% payable in 36 months
Retention - none

5. Spot DP 30%
Discount on TLP - 8.0%
Reservation Fee - 25,000
Downpayment - 30% net of reservation
Balance - 70% payable in 36 months
Retention - none

6. Spot DP 40%
Discount on TLP - 10.0%
Reservation Fee - 25,000
Downpayment - 40% net of reservation
Balance - 60% payable in 36 months
Retention - none

7. Spot DP 50%
Discount on TLP - 11.0%
Reservation Fee - 25,000
Downpayment - 50% net of reservation
Balance - 50% payable in 36 months
Retention - none

8. 10/10/80 24 months
Discount on TLP - 4.0%
Reservation Fee - 25,000
Downpayment - 10% net of reservation payable in 24 months, 1st monthly payment due 30 days from DP
Balance - 80% due 30 days after the last monthly payment
Retention - none

9. Deferred DP 20% 24 months
Discount on TLP - 3.0%
Reservation Fee - 25,000
Downpayment - 20% net of reservation payable in 24 months, 1st monthly payment due 30 days from DP
Balance - 80% due on the 25th month
Retention - none

10. Deferred DP 30% 24 months
Discount on TLP - 4.0%
Reservation Fee - 25,000
Downpayment - 30% net of reservation payable in 24 months, 1st monthly payment due 30 days from DP
Balance - 70% due on the 25th month
Retention - none

11. Deferred DP 20% 36 months
Discount on TLP - none
Reservation Fee - 25,000
Downpayment - 20% net of reservation payable in 36 months, 1st monthly payment due 30 days from DP
Balance - 80% due on the 37th month
Retention - none

12. Deferred DP 30% 36 months
Discount on TLP - 1.0%
Reservation Fee - 25,000
Downpayment - 30% net of reservation payable in 36 months, 1st monthly payment due 30 days from DP
Balance - 70% due on the 37th month
Retention - none

Notes:
Reservation Fee - Non-refundable
Spot Down Payment to be paid within 30 Days
Other Charges - 5.5% includes

• Registration Fees, Transfer Tax, Annotation Fees, Documentary Stamp,
• Issuance of Title, Legal Fees, Electric & Water connection