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Payment Terms

SAN LORENZO TOWER

                      - CASH

                      - 30%DP / 70% CATCH UP

                       NO INTEREST until July 2010

 

                      - 20%DP / 80% CATCH UP

                      NO INTEREST until July 2010

 

                      - 20%DP / 30% monthly installments until June  2010 /  50% full payment upon turnover

                      *with 4% interest

 

                      - 10%DP /20% monthly installments until June 2010 / 70% full payment upon turnover

                      *with 5.5% interest

MANILA TOWER

                      - CASH

                      - 30%DP/ 70% CATCH-UP

                  NO INTEREST UNTIL JAN 2011

 

                      - 20%DP / 80% CATCH-UP

                  NO INTEREST UNTIL JAN 2011

 

                      - 30%DP / 70% monthly installments until  December 2010

 

                      - 20%DP / 30% monthly installments until December 2010 / 50% full payment upon turnover

                            *with 4% interest

 

                      - 10%DP / 20% monthly installments until December 2010 / 70% full payment upon turnover

                      *with 5.5% interest