as reservation money for the above-described unit. The Balance of the downpayment shall be paid by me as scheduled above and full payment thereof, the prescribed Contract to Sell which is available for examination, shall be executed and signed by me. It is understood and agreed that this reservation is a non-transferable and any transfer made by me shall be void and shall be caused for cancellation of this reservation and the forfeiture of my reservation money and my other payments. I hereby certify that have personally inspected the unit subject of this reservation and have found the same to be satisfactory. However, should there be any increase or decrease in actual area of unit reserved by reason of government regulation and/or requirements, or to conform with any change in the subdivision plan, or by simplyreason of honest mistake, or inadvertence, agree to pay the amount corresponding to the increase in area or to be refunded with the amount corresponding to the decrease thereof in accordance to the price per sq.m. herein agreed. Further, STA. LUCIA GLOBAL, INC. shall have the right to automatically cancel my reservation without further notice and forfeit, as liquidated damages my reservation fee and whatever other payment have made in the event of the following: (1) Failure on my part to pay any installment on the downpayment as stated above; (2) Failure on my part to sign and deliver the prescribed Contract to Sell within five (5) days date of full downpayment; (3) Withdrawal on my part from this agreement or any reason whatsoever. Iamalso aware that my monthly amortizaiton on the unit I am purchasing shall immediately commence without further notice 30 days after pay the full downpayment regardless of whether my Contract to Sell has been delivered to me or not. In the event of the above subject unit/s is/are found to be unavailable for sale to me due to prior sale commitment or transaction to or with another party, the same offered to me by mistake or inadvertence, or simply discarded by reason of remapping, I agree to have the subject unit exchange with a unit of equal area or value or to the cancellation of the reservation application subject to reimbursement of all payments made by reason of such reservation. Any provision to the contrary and not withstanding, I hereby agree and acknowledge that STA. LUCIA GLOBAL, INC. has the right to cancel and rescind this reservation for any cause whatsoever at any time before issuance of my Contract to Sell by giving written notice of its intention to do so and refunding to me all payments made by virtue hereof. I hereby further understand that any representation or warranty made to me by the agent who handled this sale not embodied herein shall not be binding on the company unless reduced into writing and confirmed by the Executive Vice President or Senior Vice President of STA. LUCIA GLOBAL, INC., and this contract shall not be considered as changed, modified, altered, or in any way amended by acts of tolerance of STA. LUCIA GLOBAL, INC. unless such changes, modifications, or amendments are made in writing and signed by the aforementioned officers. Only duly authorized officers of the company are allowed to make commitments for and in behalf of STA. LUCIA GLOBAL, INC.