Irrevocable SPA

IRREVOCABLE SPECIAL POWER OF ATTORNEY KNOWN ALL MEN BY THESE PRESENTS: I, , Filipino, of legal age, married, and with residence address do hereby name, constitute and appoint my wife, , Filipino, of legal age, married and with residence address at ______________ (whose signature appears herein below and which signature I now hereby attest to be true, genuine and authentic), to be my true and lawful Attorney-in-fact, for me/us and in my/our name, place and stead, to do, and perform the following special powers, to wit: 1. To borrow/obtain loan, from time to time, from the BANK OF THE PHILIPPINE ISLANDS/BPI FAMILY SAVINGS BANK, INC. /BPI DIRECT SAVINGS BANK, INC./BPI INTERNATIONAL FINANCE LTD., (hereinafter referred to as the (“BANK”), in such sum/s of money as in the judgment of my/our Attorney-in-fact hereinafter authorized, provided that the aggregate amount of such borrowing(s), pursuant to this Special Power of Attorney, shall not at any time exceed the sum of PESOS : (P ). Philippine Currency. 2. To sign, execute and deliver to the BANK, SINGLY, the Note/s, loan of credit agreement (s) or such other instruments evidencing my indebtedness for the monies so borrowed, or to be borrowed with interest thereon and said Attorney-in-fact is empowered to sign, execute and deliver, SINGLY, renewals, extensions, supplements, modification and/or amendments of said note(s), loan or credit agreement(s) or such other instruments from time to time. 3. As security for the prompt payment of the loan, any other obligations due to the Bank and the proper performance of all covenants and agreements in connection therewith, to transfer, assign and convey by way of FIRST MORTGAGEE unto the bank, its successors and assigns the following real property/ies. TCT NO. (type technical description here) of which we are about to purchase as evidenced by Transfer Certificate of Title No. Deed for such property being free of any lien or encumbrances.

of the Registry of

4. To grant, transfer or assign to the BANK as security for any note(s) or credit/loan covering my indebtedness to the BANK, my deposit/placement maintained with the said BANK, or with any of the BANK’s affiliates or subsidiaries or with any member of the Bank of the Philippine Islands (BPI) Unibank, more particularly described as BPI FAMILY SAVINGS BANK; and to sign, execute and deliver to the BANK, SINGLY, any and all grants, transfers, instruments that may be necessary to implement the authorization herein granted; 5. To grant, transfer or assign to the BANK as security for any note(s) or credit/loan covering other indebtedness of any third person, party or entity to the BANK, my deposit/placement maintained with the said BANK, or with any of the BANK’s affiliates or subsidiaries or with any member of the Bank of the Philippine Islands (BPI) Unibank, more particularly described as BPI FAMILY SAVINGS BANK; and to sign, execute and deliver to the BANK, SINGLY, any and all grants, transfers, instruments that may be necessary to implement the authorization herein granted; 6. This Irrevocable Special Power of Attorney is coupled with interest being one of the requirements and considerations of the BANK for the granting of the loan to me/us. It is agreed that this Irrevocable Special Power of Attorney shall not be revoked or cancelled without the prior written consent of the BANK. HEREBY GIVING AND GRANTING unto my said Attorney-in-Fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in and about the premises as I/We might or could do if personally present and acting in person; and HEREBY RATIFYING AND CONFIRMING all that my/our said Attorney-in-Fact shall lawfully do and cause to be done under and by virtue of these presents. IN WITNESS WHEREOF, I have hereunto set my hand at ________________ on this __________________ day of ________________.

With my Marital Consent ______________________________

______________________________

(Principal)

(Spouse of Principal) ________________________________ Specimen Signature of the

Attorney-in-Fact SIGNED IN THE PRESENCE OF: _____________________________ WITNESS

______________________________ WITNESS ACKNOWLEDGEMENTS

REPUBLIC OF THE PHILIPPINES) _____________________________) SS BEFORE ME, personally appeared: Name -------

Comm Tax Cert Nos. Date/Place Issued Gov’t Issued ID -------------------------- ---------------------- -------------------

Place & Date of Issue ---------------------------

Who is/are personally known to me and to me known to be the same person/s who executed the foregoing document and exhibited to me the above Community Tax Certificate(s); and/or was/were identified by me through competent evidence of identity, to be the same person(s) in the foregoing document who exhibited to me the above ID(s). It was acknowledged to me that the execution of this document is the free and voluntary act and deed of said person(s), as well as the free and voluntary act and deed of the entity(ies) represented and that said persons have the authority to sign in behalf of the entity(ies). The foregoing document is an Irrevocable Special Power of Attorney which consists of _________ (_____) pages including the page whereon this Acknowledgment is written. This Acknowledgment forms an integral part of the said document. WITNESS MY HAND AND SEAL this ____________ day of _____________, in __________.

NOTARY PUBLIC My Commission Expires on ________________ Commission Serial No.____________________ Place of Commission______________________ Office Address___________________________ Roll No._______________ IBP No.__________ PTR No.__________ Place________ Date______ Doc. No._______; Page No._______; Book No._______; Series of _______.