EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Extrajudicial Settlement of Estate of the late Anastacio Pido with Absolute Sale, made
and entered into by and between:

MARIA ELENA CRESSWELL, JORGE TANCINCO, RAMON TANCINCO, MA.

LOURDES TANCINCO, JOSE TANCINCO, RICARDO TANCINCO JR., and CARLOS
TANCINCO, all of legal age, Filipino citizens and residents of Calbayog City, Samar, Philippines,
all hereinafter referred to as the HEIRS/SELLER;

- and -

DENNORA CORP., a company duly organized and approved by the Securities and
Exchange Commission in accordance with the Corporation Code of the Philippines with business
address at Molino-Paliparan Road, Salawag, Dasmariñas, Cavite, Philippines, herein referred to as
the BUYER;

WITNESSETH:

WHEREAS, the herein HEIR-SELLERS are the legitimate heirs and the only surviving legal
heirs of the late ANASTACIO PIDO who died intestate in Calbayog City, Samar, Philippines;

WHEREAS, the decedent, at the time of his death left a certain parcel of land located at
Brgy. Carayman, Calbayog City, Samar, Philippines, covered by Tax Declaration No. 99-01001-
01726, designated as Lot No. 3977, registered under the name of ANASTACIO PIDO, more
particularly described as follows:

“Bounded on the North by 03-070(3976), 004(4008), & 068(3979); on the South

by 04-057(3973) & 013(3972); on the East by 05-002(3980), 001(3978), & 013(3972);
on the West by 04-038(3974) & 03-070(3976); containing an area of One Hundred Ten
Thousand Fifty Three (110,053) square meters more or less.”

WHEREAS, there are no known debts or obligations due against the estate of the said
decedent;

WHEREAS, it is to the very best interest of the parties hereto to extrajudicially adjudicate
unto themselves and other heirs, the entire estate in the form and manner hereinafter set forth;

AND WHEREAS, all HEIRS being with full capacity to contract, we do hereby adjudicate
unto ourselves and other heirs the land described above, pro indiviso in the following manner of
shares:

1. MARIA ELENA CRESSWELL - 14.286% share;

2. JORGE TANCINCO - 14.286% share;
3. RAMON TANCINCO - 14.286% share;
4. MA. LOURDES TANCINCO - 14.286% share;
5. JOSE TANCINCO - 14.286% share;
6. RICARDO TANCINCO JR. - 14.286% share;
7. CARLOS TANCINCO - 14.286% share;
NOW THEREFORE, for and in consideration of the foregoing premises and invoking the
provision of Sec. 1 Rule 74 of the Rules of Court, the said HEIRS above named have agreed to extra-
judicially settle the estate and to this effect do hereby partition and adjudicate the same unto
themselves and the foregoing inheritance, subject however to the liabilities imposed by Sec. 4, Rule
74 of the Rules of Court for a period of two years in favor of any other possible heirs, creditors or

Page 1 of 3
any other person deprived of the lawful participation over the said estate of the deceased and
encumbrances;

The parties agree to publish this instrument in a newspaper of general circulation in the City
of Calbayog, Province of Samar once a week for three consecutive weeks.

In the remote event that any other property of the decedent should ever be found which is not
included herein above, the HEIRS hereto further agree as they do so agree to settle and distribute the
same in like manner and proportion as herein established and disposed.

That the HEIRS hereby covenant and further warrant that should there be preterition or
omission of one, some, or all of the compulsory heirs in the direct line, whether living or not at the
time of the execution of this Deed, will not invalidate/nullify the terms and conditions of this Deed.
Instead, the HEIRS shall proportionately oblige themselves to pay to the omitted Heirs or the latter’s’
heir(s) the share which belongs to him/them, in accordance with the rules of succession under the
Civil Code of the Philippines.

- FURTHER -

WHEREAS, the BUYER has offered to buy and the HEIR/SELLER has agreed to sell the
above described real property, covered by Tax Declaration No. 99-01-001-00108, designated as Lot
No. 3977, registered under the name of ANASTACIO PIDO, containing an area of One Hundred Ten
Thousand Fifty Three (110,053) square meters more or less, together with the existing improvements
and appurtenances thereon and that we hereby warrant to defend this sale and conveyance against the
lawful claims of any and all persons whomsoever;

NOW THEREFORE, we, MARIA ELENA CRESSWELL, JORGE TANCINCO,

RAMON TANCINCO, MA. LOURDES TANCINCO, JOSE TANCINCO, RICARDO
TANCINCO JR., duly represented by co-heir CARLOS TANCINCO, by virtue of the Joint
Special Power of Attorney entered in the notarial register of Atty. Jennylyn D. Sumagang-
Durmiendo, docketed as Doc. No. 449, Page No. 90, Book No. XI, Series of 2015; for and in
consideration of the sum of FOUR MILLION FIVE HUNDRED THOUSAND (4,500,00.00)
Philippine Currency, hand paid by the buyer to the seller, the SELLER DO HEREBY SELL,
TRANSFER, and CONVEY by way of Absolute Sale unto the said BUYER, his heirs and assigns,
the certain parcel of land together with all the improvements found thereon, free from all liens and
encumbrances of whatever nature including real estate taxes as of the date of this sale.

IN WITNESS WHEREOF, we have hereunto set our hands this ___ th day of
______________ 2021 at the City of Calbayog, Samar, Philippines.

HEIRS OF ANASTACIO PIDO

Heir/Seller
Represented by:
CARLOS P. TANCINCO

DENNORA CORP.
Buyer
Represented by:
DENNIS D. DARTE

Page 2 of 3
 SIGNED IN THE PRESENCE OF:

_________________________ _________________________
Witness Witness

ACKNOWLEDGMENT

Republic of the Philippines )

Province of Samar )
City of Calbayog )S.S.

BEFORE ME, a Notary Public for and in the City of Calbayog personally appeared:

Competent Evidence of
Name Date/Place of Issue
Identity
Carlos P. Tancinco
Dennis D. Darte

known to me and to be the same persons who executed the foregoing instrument, and acknowledged
to me that the same is their free and voluntary act and deed.

This instrument consisting of three (3) pages, including the page to which this this
acknowledgment is written, refers to an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH
ABSOLUTE SALE and has been signed on the left margin of each and every page thereof by the
parties and their witnesses, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand this ___ TH day of

_______________ 2021 at the City of Calbayog, Samar, Philippines.

ATTY. JEFFREY R. BERNATE

Notary Public for Calbayog City and Province of Samar
Bernate Cmpd., P-1, Brgy. Capoocan, Calbayog City, Samar
Roll No. 67531 / May 24, 2017
IBP No. 122791 / Jan. 06, 2021 / Samar
Doc. No. ______ MCLE Compliance No. VI-0011184 / April 14, 2022
Page No. ______ PTR No. 2564769 / Jan. 06, 2021 / Calbayog City
Book No. ______ Notarial Commission No. 1908
Notarial Commission Expiration: Jun. 30, 2021
Per SC En Banc Res. On Bar Matter 3795

ACKNOWLEDGMENT RECEIPT OF PAYMENT

KNOW ALL MEN BY THESE PRESENTS:

We, MARIA ELENA CRESSWELL, JORGE TANCINCO, RAMON TANCINCO,

MA. LOURDES TANCINCO, JOSE TANCINCO, RICARDO TANCINCO JR., duly
represented by co-heir CARLOS TANCINCO, by virtue of the Joint Special Power of Attorney
entered in the notarial register of Atty. Jennylyn D. Sumagang-Durmiendo, docketed as Doc. No.
449, Page No. 90, Book No. XI, Series of 2015; hereinafter referred to as the SELLER, do
hereby acknowledge receipt of the amount of FOUR MILLION FIVE HUNDRED THOUSAND
(4,500,00.00) Philippine Currency as full payment for the parcel of land we sold to DENNORA

Page 3 of 3
CORP., a company duly organized and approved by the Securities and Exchange Commission in
accordance with the Corporation Code of the Philippines with business address at Molino-
Paliparan Road, Salawag, Dasmariñas, Cavite, Philippines, herein referred to as the BUYER;

This payment received from the BUYER is for the herein described property which
DENNORA CORP. bought from us, covered by Tax Declaration No. 99-01001-01726,
designated as Lot No. 3977, registered under the name of ANASTACIO PIDO, containing an
area of One Hundred Ten Thousand Fifty Three (110,053) square meters more or less, together
with all the existing improvements and appurtenances thereon;

IN WITNESS WHEREOF, I have here unto affixed my signature this ___th day of
_______________ 2021, Calbayog City, Samar, Philippines.

HEIRS OF ANASTACIO PIDO

Heir/Seller
Represented by:
CARLOS P. TANCINCO

DENNORA CORP.
Buyer
Represented by:
DENNIS D. DARTE

SIGNED IN THE PRESENCE OF:

_________________________ _________________________
Witness Witness

Page 4 of 3