RIVIERA GOLF CLUB AND RIVIERA SPORTS & COUNTRY CLUB Silang, Cavite Land Area: 600 HECTARES No. of Holes: 36 HOLES ARMED FORCES OF THE PHILIPPINES RETIREMENT Developers AND SEPARATION BENEFITS SYSTEM (AFP-RSBS) Designers FRED COUPLES AND BERNARD LANGER Category: PROPRIETARY Year Established: 1997 Total Authorized Share: 5,030 SHARES Riviera Golf Club Founders’: 30 (Issued: 30) Class A: 2,800 (Issued: 2,800) Class B: 1,300 (Issued: 1,300) Class C: 900 (Issued: 900) Total Authorized Share: 8,015 SHARES Riviera Sports & Country Club Founders’: 15 (Issued: 15) Common: 8,000 (Issued: 8,000) AMENITIES: CLUB FACILITIES A. Golf Courses  18-hole world class championship golf course designed by Fred Couples  18-hole world class championship golf course designed by Bernhard Langer  9-hole compact course B. Golf Clubhouse – Mediterranean-inspired clubhouse Grill Room Tee Bar Men’s and Ladies Locker Rooms Putting Greens/ Driving Range Showers Golfers Terrace Spa and Massage Rooms Kid’s Depot Pro shop Members Lounge / Game Room Golf Learning Center Function Rooms COUNTRY CLUB FACILITIES: SATELLITE CLUBHOUSE Executive Course – 9 holes (Pitch & Putt) Restaurant Free Form Pool GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

Billiards Locker Room Lap Pool

Kiddie Pool Ridge Café Tennis Court

NOTE: The Country Club shareholder can use the Par 3 Executive Course. CLUB FEES: RIVIERA GOLF CLUB (Add-on 12% VAT effective Oct. 01, 2012) MONTHLY DUES Proprietary Member/Corp. Assignee Playing Rights Member Consumable TRANSFER OF SHARE Transfer Fee (With Stock Certificate): 1 Month Advanced Dues TOTAL

(PhP) 4,980 5,040 500 (PhP) 56,000 4,980 60,980

Transfer Fee (Without Stock Certificate) 3 Months Advanced Dues TOTAL

(PhP) 56,000 14,940 70,940

Transfer Fee (from Father to Son): PhP5,000 + 600 (12%VAT) 1 Month Advanced Dues Handicap Fee Cocktail Party Fee TOTAL

5,600 4,980 250 500 11,330

GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

CHANGE OF CORPORATE NOMINEE FEE Filipino Processing Fee Handicap Fee Cocktail Fee TOTAL Foreigner Processing Fee Handicap Fee Cocktail Fee TOTAL PLAYING RIGHTS FILIPINO Option 1 Assignment Fee 1 Year Advance Monthly Dues Handicap Fee Cocktail Party Fee 12% VAT TOTAL Option 2 Assignment Fee 1 Month Advance Monthly Dues Refundable Deposit Handicap Fee Cocktail Party Fee 12% VAT TOTAL FOREIGNER Option 1 Assignment Fee 1 Year Advance Monthly Dues Handicap Fee Cocktail Party Fee 12% VAT TOTAL Option 2 Assignment Fee 1 Month Advance Monthly Dues GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

(PhP) 16,800 250 500 17,550

28,000 250 500 28,750

(PhP) 20,000 60,000 250 500 8,880 89,630

20,000 5,000 25,000 250 500 2,940 53,690 (PhP) 55,000 60,000 250 500 13,080 128,830

55,000 5,000

Refundable Deposit Handicap Fee Cocktail Party Fee 12% VAT TOTAL

25,000 250 500 7,140 92,890

RENEWAL OF PLAYING RIGHTS 1 Year Advance Dues & Consumable

(PhP) 60,480

SUCCEEDING YEAR – RENEWAL FEE (For Filipino & Foreigner) 1 Year Monthly Dues and Consumable

RIVIERA SPORTS & COUNTRYCLUB MONTHLY DUES:

TRANSFER OF SHARE Transfer Fee (With Stock Certificate) 1 Month Advanced Dues TOTAL Transfer Fee (from Father to Son) 1 Month Advanced Dues TOTAL

(PhP) 60,480

(PhP) 728

(PhP) 10,000 728 10,728 5,000 728 5,728

CHANGE OF CORP. NOMINEE Change Of Corp. Nominee Fee

(PhP) 5,000

PLAYING RIGHTS: FILIPINO Processing Fee Refundable Deposit Advance Monthly Dues Car Sticker TOTAL

(PhP) 6,000 5,000 728 150 11,878

FOREIGNERS Processing Fee Refundable Deposit Advance Monthly Dues Car Sticker

(PHP) 10,000 9,000 728 150

GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

TOTAL RENEWAL FEE Filipino Foreigner

19,878 (PhP) 1,000 1,500

CLUB INFORMATION:      

    

Waiver: Required (15 days approval) Interview schedule:  Every 2nd and 4th week of the month (with the membership committee and board of directors) Membership Card:  Temporary Card – issued after one (1) month  Permanent card – issued after 3 months Stock Certificate: Issued after 5 to 6 months (if seller has stock certificate) Earliest Time to Play: Upon receipt of the welcome letter Dependent’s age limit (children):  Below 23 years old, single – dependent  23-24 age group, single – senior dependent (additional monthly dues – Php1,120.00 /month) Both A & B shares can be leased out to foreigners Foreigners cannot buy an A share but Filipinos can buy an A or B shares Both A and B shares can be placed under corporate name After the screening the assignee will receive a welcome letter from the Club. Processing time for the issuance of the Stock Certificate:  One (1) year for sellers without stock certificate  Six (6) months for sellers with stock certificate

SPECIAL CLUB RULES:     

Soft Spikes Guest for Weekdays (3 guests + member) Guest for Weekends (1 guest + member) Days for Tournament (Monday and Tuesday) Maximum Player – 105 from January to February and 400 by March

GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

REQUIREMENTS: BUYER 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.

Transfer Fee Advance Monthly Due Stock Certificate (Original) Membership Application Form Proposer - Endorsement Letter from a member 2x2 Pictures of Principal Member - 4 pcs. 2x2 Pictures of Dependent/s - 4 pcs. Marriage Contract Birth Certificate of Dependents - (below 24yrs old unmarried children) Alien Certificate of Registration-ACR (Photocopy) Passport (Photocopy) Photocopy of Valid ID with picture and signature Certificate of Employment SEC Registration, Articles of Incorporation, and Secretary Certificate or Board Resolution - To purchase (specify name of signatory & nominee) Director's Certificate Tax Identification Number (T.I.N.) - Shareholder (buyer) FOR FILING OF TAXES Latest Community Tax Certificate

SELLER 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

Waiver BIR Certification Clearance of Account Deed of Sale Resignation Letter and Letter to Accounting Membership Cards Membership Cards of Dependents Secretary Certificate or Board Resolution - To sell (specify name of signatory) Tax Identification Number (T.I.N.) - Shareholder (seller) FOR FILING OF TAXES Proof of Acquisition Cost - FOR FILING OF TAXES Photocopy of Valid ID with picture and signature Passport (Photocopy) Latest Community Tax Certificate

GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph

CLUB PROCESSING: 1. 2. 3. 4. 5.

Screening of the Application - every 1st week of the month Posting- 60 days (if approved for posting applicant may use the facilities during the posting period) Cocktail Party Issuance of Permanent Card – during the cocktail party Issuance of Stock Certificate - 6 months

GG & A CLUB SHARES BROKERS, INC. 2/F Goodland Bldg. (formerly NSC Bldg.) 377 Sen. Gil Puyat Ave., Makati City Telephone: +63 (2) 890-GOLF [4653] Website: www.ggaclubshares.com.ph