1.

Contract of Sale

CONTRACT OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Sale is made and executed and entered into by:

Jessa Ann A. Talaboc, of legal age, Filipino, single, with residence address at Payahan,
Baclayon, Bohol hereinafter referred to as the SELLER;

-AND-

Gorge L. Tasic, of legal age, Filipino, single and with residence and postal address
at Badiang, Sikatuna, Bohol, hereinafter referred to as the BUYER;

WITNESSETH;

WHEREAS, the SELLER is the registered owner of a parcel of land with improvements

located at Payahan, Baclayon, Bohol and covered by Transfer Certificate of Title No.
6789 containing a total area of LAND AREA IN SQUARE METERS (2,000
sqm) SQUARE METERS, more or less, issued by the Registry of Deeds of Municipality
of Baclayon;

WHEREAS, the BUYER has offered to buy and the SELLER has agreed to sell the

above-mentioned property under the terms and conditions herein below set forth;

NOW THEREFORE, for and in consideration of the total sum of FIVE MILLION

PESOS (P5,000,000.00) Philippine Currency, and of the covenants herein after set forth
the SELLER agrees to sell and the BUYER agree to buy the aforesaid property subject to
the following terms and conditions:

1. The total consideration shall be THREE MILLION TWO HUNDRED

THOUSAND PESOS(P3,200,000.00) Philippine Currency, payable through CASH as
follows:

1.1. The amount of TWO MILLION FIVE HUNDRED THOUSAND PESOS (P2,
500,000.00) representing earnest money deposit shall be payable upon execution of this
Contract to Sell and shall be considered part of the total Contract price.

1.2. The remaining balance amounting to TWO MILLION FIVE HUNDRED

THOUSAND PESOS (P2,500,000.00) Philippine Currency, shall be payable within 5
months upon execution of this Contract to Sell.

1.3 The earnest money will be lost in favor of the SELLER if the BUYERS fail to
fulfill any of their obligations stipulated in this Contract of Sale.

2. All pending utility bills, if any, Real Estate Tax up to the time of sale, Capital
Gains Tax, Documentary Stamp Tax, shall be for the account of the SELLER.

3. Notarization fees, Registration Fee, Transfer Fees and all miscellaneous fees and
expenses to transfer the certificate of title in the name of the new owner shall be for the
account of the SELLER; 

4. Possession to the subject property shall be delivered by the SELLER to

the BUYER upon full payment of the total consideration;

5. The SELLER will sign and execute a Contract of Sale in favor of the BUYER
once the total price has been paid in full. The SELLER shall also execute and/or produce
any and all documentation required for the transfer of ownership from the SELLER to the
BUYER, including but not limited to the original copy of the Transfer Certificate of Title,
Tax Declaration, and all other documents.

6. The BUYER is entitled to a full refund plus 10% interest per month if the
SELLER fails to fulfill any of the duties outlined in this Contract to Sale.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this

16th day of October, 2021 at Payahan, Baclayon, Bohol.

. JESSA ANN A. TALABOC GORGE L. TASIC

.
Printed Name and Signature of SELLER     Printed Name and Signature of BUYER

SIGNED IN THE PRESENCE OF:

JAY BEE C. TOLIBAS JOHN TITUS R. TALIP

Printed Name and Signature Printed Name and Signature

of 1st Witness                     of 2nd Witness                         
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

PAYAHAN, BACLAYON, BOHOL) SS.

BEFORE ME, a Notary Public for and in the above jurisdiction personally appeared Jessa
Ann A. Talaboc, with Community Tax Certificate No. 6789 issued at Payahan, Baclayon,
Bohol, on 16th of October, 2021.

The identical persons who executed the following instrument and acknowledged to me
that it was their free act and voluntary conduct are known to me and known to me.

The concerned parties and their witnesses have signed on the left margin of each and
every page of this instrument, which consists of three pages, including the one on which
this acknowledgment is written, and it has been sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this 16th day of October, 2021.

Doc. No. 01 ATTY. CHARLES CEASAR L. EDULAN

Page No. 03 NOTARY PUBLIC,
Book No. 01 Until December 31, 2024
Series of 2021 NCS No. 2021-24
3. Contract: Assignment of Credit

DEED OF ASSIGNMENT OF CREDIT

KNOWN ALL MEN BY THESE PRESENTS:

This Deed of Assignment of Credit is entered into this 16th day of October 2021 at
Tagbilaran City, Province of Bohol, by and between:
JESSA ANN A. TALABOC, Filipino, of legal age, and with
address at PAYAHAN, BACLAYON, BOHOL, hereinafter referred
to as the “Assignor”
-And-
GORGE L. TASIC, Filipino, of legal age, and with address at,
BADIANG, SIKATUNA, BOHOL, hereinafter referred to as the
“Assignee”
-And-
JOHN TITUS R. TALIP, Filipino, of legal age, and with address at
SAN ISIDRO, TAGBILARAN CITY, BOHOL, hereinafter referred
to as the “Creditor”

WITNESSETH THAT:
WHEREAS, Assignor owes Creditor the amount of Twenty-Five Thousand Philippine
Pesos (P36, 000.00).
WHEREAS, Assignee is willing to assume the obligation of paying the entire Debt;
WHEREAS, Creditor is willing to accept the assignment of the Debt to Assignee;

NOW, then, the parties hereto agree as follows in exchange for and in consideration of
the preceding premises, which premises shall be an integral part of this Agreement, and
the mutual covenants and agreements hereafter stated:

1. ASSIGNMENT
Assignor hereby assigns, transfers, and conveys, and Assignee hereby accepts, the
debt to Creditor amounting to Thirty- Six Thousand Philippine Pesos (P36,
000.00).

2. ASSUMPTION OF DEBT
Assignee accepts and bears the Debt to Creditor in accordance with the terms of
this Agreement. Assignee is responsible for repaying the Debt in accordance with
the terms of this Agreement.
Creditor consents to Assignee's acceptance of the Debt, as well as Assignee's
status as the Debt's sole debtor.

3. PAYMENT TERMS
There will be no modification to the original payment terms agreed upon between
Creditor and Assignor. Specifically, Assignee will pay Creditor as follows:

October 17, 2021 ; P 6,000

November 17,2021 ; P 6,000
December 17, 2021 ; P 6,000
January 17, 2022 ; P 6,000
February 17, 2022 ; P 6,000
 March 17, 2022 : P 6,000
4. BINDING EFFECT
This Agreement shall be valid and binding upon all of the Parties’ successors,
transferees, heirs and assigns

5. COUNTERPARTS
This Agreement may be executed in multiple counterparts that together form a
single agreement. If the dates on the signatures of this document differ, the
Agreement will be regarded effective as of the day on which all of the Parties
signed it.

6. SEVERABILITY
The invalidity of any portion of this Agreement will not and shall not be deemed
to affect the validity of any other provision. In the event that any provision of this
Agreement is held to be invalid, the Parties agree that the remaining provisions
shall be deemed to be in full force and effect as if they had been executed
subsequent to the expungement of the invalid provision.

7. CUMULATIVE RIGHTS
The rights of the Parties under this Agreement and the law are cumulative and
shall not be construed as exclusive unless otherwise required by law.

8. AMENDMENTS AND MODIFICATIONS

This Agreement may be amended only by a written instrument signed and agreed
upon by the Parties.

IN WITNESS WHEREOF, the Parties have hereunto affixed their signature on

the date and at the place stated above.

JESSA ANN TALABOC

Assignor

GORGE L. TASIC
Assignee

JOHN TITUS R. TALIP

Creditor
 A C K N O W L E D G M E N T:

Republic of the Philippines)

Province of Bohol)
City of Tagbilaran) S.S.

BEFORE ME, a Notary Public, for and in the City of Tagbilaran, this 16 th day of
October 2021, personally appeared the following persons:

1. JESSA ANN A. TALABOC, with the following competent proof of

identification: BIR ID with number 561-874-998-786 which was issued on April
04, 2021;
2. GORGE L. TASIC, with the following competent proof of identification: BIR ID
with number 746-985-977-000 which was issued on February 21, 2020
3. JOHN TITUS R. TALIP, with the following competent proof of identification:
BIR ID with number 188-765-456-000 which was issued on November 14, 2019.

They acknowledged to me that the foregoing DEED OF ASSIGNMENT was their free
and choice act and deed, and they were all known to me and to me known to be the same
persons who performed the foregoing DEED OF ASSIGNMENT.

IN THE TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial
seal on the date and at the place written above.

Doc. No. 05 ATTY. CHARLES CEASAR L. EDULAN

Page No. 03 NOTARY PUBLIC,
Book No. 05 Until December 31, 2024
Series of 2021 NCS No. 2021-24
7. Insurance Contract/ Insurance Policy

INSURANCE POLICY
TABLE OF BENEFITS I
BODILY INJURY caused by violent accidental external and visible means which injury
shall solely and independently of any other cause result in:
A. Death-occurring within twelve calendar months of bodily injury as aforesaid

B. Permanent Disablement that occurs within twelve calendar months of the

aforementioned bodily damage and is not followed within twelve calendar months
of the said bodily injury by the Insured's death

C1. Total disablement temporarily from engaging in or giving attention to profession

or occupation:
Compensation for such disablement at the rate of
C2. Partial disablement temporarily from engaging in or giving attention to
profession or occupation
Compensation for such disablement at the rate of one-third of benefit. C.I
D. Medical and Surgical treatment for injury:
Indemnity for expenses incurred by the insured subject to the limit in
respect of Any One Accident
Compensation under benefits C.1 and C.2 either separately or together shall not
be payable for a longer period than 100 in respect of any one injury calculated from the
date the Insured was first examined by a duly qualified Medical Practitioner.
The Insured shall for the purpose of this Policy be considered partially disabled
under benefit C2 when able to attend to some extent to his profession or occupation but
unable to attend to a substantial part thereof.
The Provisions printed and written by the Company on the succeeding pages
hereof form a part of this Contract as fully as if stated over the signature hereto affixed.

TABLE OF BENEFITS – II

PERMANENT DISABLEMENT PERCENTAGE OF THE

SUM SPECIFIED IN
DESCRIPTION OF DISABLEMENT BENEFIT “B” OF TABLE
OF BENEFITS

Loss of two limbs………………………………………….…………………….

Loss of both hands, of all fingers and both thumbs……..……………………….
Loss of both feet ……………………………………………..…………………. 100%
Total loss of sight of both eyes ………………………………...………………..
Injuries resulting in being permanently bedridden………..……………………..
Any other injury causing permanent total disablement ...…...…………………..
Loss of arm at above elbow……………………………………………………. 85%
Loss of arm between elbow…………...……………………………………….. 70%
Loss of hand Loss of four fingers and thumb of one hand…………………….. 50%
Loss of four fingers ……………………….…………………………………… 42-1/2%
Loss of thumb Loss of index finger …………………………………………… 35%
Loss of middle finger …………….…………….……………...………………. 20%
Loss of ring finger ……………………………………………………………... 15%
Loss of little finger …………………………………………………………….. 5%
Loss of metacarpals-first or second (additional) ……………………………..... 4%
Third, fourth or fifth (additional) ………………………….……….….. 2%
Loss of leg at or above knee……………………………………………………. 65%
Loss of leg below knee …………………………..…………………………….. 45%
Loss of one foot…………………...……………………………………………. 40%
Loss of toes-all of one foot …………………………………………………….. 15%
Loss of Big toe ………………..………………………………………………... 5%
Loss of any the other than big toe, each ………………………………...……… 1%
Loss of sight of one eye ………………………………………………………… 30%
Loss of hearing-bots cars ……………………………………………………….. 50%
One car ……..….………………………….…………………………….. 7%

Total Permanent loss of the use of a member shall be treated as loss of such
member.
The loss of the first joint of the thumb, any other finger, or any toe is regarded to
be one-half of the thumb, finger, or toe, and the benefit is one-half of the benefit
mentioned above for the loss of the thumb, finger, or toe.
The loss of more than one phalange of the thumb or any other finger or of any toe
shall be treated as loss of the entire thumb or finger or toe.
Where, however, there is loss of two or more parts of the hand, the percentage
payable shall not be more than the loss of the whole hand.
Where the injury is not specified the Company will adopt a percentage of
disablement which in its opinion is not inconsistent with the provision of this Table
The aggregate of all percentage’s payable in respect of any one accident shall not
exceed 100%.

TERMINATION CLAUSE
“This contract shall terminate only in the event of accidental death as provided
herein or upon expiry.
In any policy year, the total benefits under this contract are respect of any one
accident resulting in loss(es) within 180 days from date of the accident(s) shall be the
principal sum (e.g., loss of life, loss of both hands and feet, loss of sight or both eyes and
either hand or foot).

In any policy year, the aggregate benefits payable under the

Dismemberment/Disability Benefit of this contract in respect of one or more accident(s)
resulting in any loss, the amount(s) payable under the Dismemberment/Disability Benefit
shall be the principal sum less the amount(s) paid for previous loss (es). However, the
payment of all benefits under the Dismemberment/Disability that equal the principal sum
shall terminate such benefits except with respect to death coverage.

In any policy, the amount of benefit payable for loss of life, arising from
independent/unrelated accident/event shall always be the principal sum.

Any partial benefit already paid for any loss (es) shall not be carried over in the
subsequent policy year (i.e., The number of benefits to be paid on the succeeding policy
year shall not be reduced by any amount paid in the preceding policy year)”.

EXCLUSIONS

1. This Policy shall not extend to cover:

a. Death or disablement occasioned by or happening through…
 (i) War, Invasion, Act of Foreign Enemy, Hostilities (whether war be
declared or not), Civil War, Rebellion, Revolution, Insurrection, Mutiny,
Military or Usurped Power, Riots, Strikes, Military or Popular Rising.
(ii) Suicide or Attempted Suicide (sane or insane) Alcoholism, or Insanity.
(iii) Earthquake, Volcanic Eruption, or Tidal Wave.
b. Death or disablement occurring while the Insured is travelling in an aircraft
other than one licensed for public passenger service and operated by a regular
Air Line on a published schedule flight over a regular air route between two
definitely established airports and in which the Insured is travelling as a
ticket-holding passenger.
c. Death or disablement consequent upon the Insured engaging in hunting,
racing of all kinds, steeple-chasing, polo playing, motor cycling, pillion
riding, mountaineering, winter sports, ice hockey, football, or yachting.
d. Death or disablement occasioned by or happening through pregnancy or
childbirth with respect to women.
e. Death or disablement caused by murder or assault or any attempt threat.

2. Except for compensation for death under benefit A of Table of Benefits I, which shall
be paid to the Beneficiary(ies) designated in the Schedule hereto, all sues of money
payable under this Policy shall be paid to the legal personal representatives of the
Insured, whose receipt for such compensation for death shall be final and full discharge
of the liability of company therefor.

CONDITIONS

1. Written notice shall be given to the Company without unnecessary delay but in any
event within thirty days of the occurrence of the injury in respect of which acclaim is
to be made. In the event of accidental death, immediate notice thereof must be given
to the Company.

ENTIRE CONTRACT CLAUSE

"This policy, along with any endorsements and applications, constitutes the whole
insurance contract." Any rider, clause, warranty, or endorsement pasted or attached to
this policy that purports to be part of the insurance contract is not binding on the insured
unless the descriptive title or name of the rider, clause, warranty, or endorsement is also
mentioned and written on the policy's blank spaces. Any rider, clause, warranty, or
endorsement issued after the initial policy must be countersigned by the insured, and his
countersignature shall be treated as his assent to the terms of such rider, clause, warranty,
or endorsement unless the insured has applied for it."

2. All certificates, information, and evidence needed by the Company must be provided
at the expense of the Insured or his legal personal agents, and in the form and kind
prescribed by the Company. In the event of any alleged bodily injury, the insured shall
submit to a medical examination on behalf of the Company at its own expense as often as
required. In the event that the Insured dies as a result of an accident, the Company is
entitled to a post mortem examination at its own expense. The Insured should seek and
follow the advice of a duly trained medical practitioner as soon as feasible after the
occurrence of any harm.

3. The Insured shall give immediate notice in writing to the Company of any change in
his address or in his profession and on tendering any premium for the renewal of this
Policy shall give notice in writing to the Company of any disease, sickness, physical
defect or infirmity with which he has become affected or of which he has become aware
since the payment of the preceding premium.
4. This Policy may be renewed from term, subject of consent of the Company by issue or
renewal certificate by the Company of the premium in advance at the Company's
premium rate in force at time of renewals. The policy however, entitled to renew the
policy, upon payment of the premium due on the effective date of renewal if the
Company fails to mail or deliver to the Insured at the address shown in the policy at least
forty-five (45) days in advance of the end of the policy period notice of its intention not
to renew the policy or to condition its renewal upon production of limits or elimination of
coverages.

5. No assignment of the benefits of this policy shall be binding upon the Company unless
and until the original or a duplicate thereof is filed with the Company does not assume
any responsibility for the validity of any assignment. No change of beneficiary under this
policy shall bind the Company unless consent thereto is formally endorsed hereon by the
Company.

6. Cancellation-Clause— This policy shall not be canceled by or on behalf of the

company except in accordance with and provisions of Sections 64 and 63 of the
Insurance Code In the event of cancellation. The company shall refund the paid premium
less the earned portion thereof 10 the insured. Likewise, the policy may be canceled on
short rate basis set forth in the short rate cancellation table at the request of assured.

7. Arbitration Clause —All differences as to the amount of any loss or damage covered
by this policy shall be referred to the decision or an arbitrator to be appointed by the
panics in difference or if they cannot agree upon a single arbitrator to the decision of two
arbitrator s one to be appointed in writing each of the parties within thirty (30) days after
having been required in writing to do so by either of the parties or in case of
disagreement between the arbitrators to decision of an Umpire to be appointed in writing
by the arbitrators before entering upon the reference. The Umpire shall sit with the
Arbitrators and preside at their meetings. The making of an award as provided herein
shall be a condition precedent to any right of action against the Insurers only in
differences to the amount of liability actually arising out of this Policy.

8. Action or Suit Clause – If a claim be made and rejected and an action or suit be not
commenced either in the Insurance Commission or any court of competent jurisdiction
within twelve (12) months from receipt of notice of such rejection, or in case of
arbitration taking place as provided herein, within twelve (12) months after due notice of
the award made by the arbitration, or in case umpire, them the claim shall for all purposes
be deemed to have been abandoned and shall not thereafter be recovered hereunder.

9. Payment of Premiums – An insurer is entitled to payment of the premium as soon as

the things insured is exposed to the peril insured against. Notwithstanding any agreement
to the contrary, no policy or contract of insurance company is valid and binding unless
and until the premium thereof has been paid, except in the case of a life or an industrial
life policy whenever the grace period provisions applies.

10. Settlement of Claim Clause -- The amount of any loss or damage for which an insurer
for which an insurer may be liable, shall be paid within thirty days after proof of loss is
received by the insurer of the proof of loss or damage shall be paid within ninety days
after such receipt. Refusal or failure to pay the loss or damage within the time prescribed
herein will entitle the assured to collect interest on the proceeds of the policy for the
duration of the delay at the rate of twice the ceiling prescribed by the Monetary Board,
unless such failure or refusal to pay is based on the ground that the claim is fraudulent.
11. Alteration Clause – None of the provisions, conditions and terms of this policy shall
be waived or altered except by endorsement signed or initiated by an authorized official
of the Company and issued in accordance with the provisions of Section 50 of the
Insurance Code.

12. IT IS HEREBY DECLAIRED AND AGREED that the provision of Article 1250 of
the Civil Code of the Philippines (Republic Act No. 386) which reads:

“In case an extraordinary inflation of the currency stipulated should supervene, the value
of the currency at the time of the establishment of the obligation shall be the basis of
payment shall not apply in determining the extent of liability under the provisions of this
Policy.

SHORT PERIOD RATES SCALE

The following scale of rates shall apply to Policies issued or renewed for
less than one year and shall also be used in calculating return premiums on
Policies cancelled and not replaced:

1 month ……………………… 25% of the Annual Rate

2 months ……………………… 15% of the Annual Rate
3 months ……………………… 45% of the Annual Rate
4 months……………………… 20% of the Annual Rate
5 months……………………… 65% of the Annual Rate
6 months……………………… 50% of the Annual Rate
7 months……………………… 70% of the Annual Rate
8 months……………………… 35% of the Annual Rate
9 months……………………… 85% of the Annual Rate
10 months……………………… 55% of the Annual Rate
11 months……………………… 25% of the Annual Rate
PERSONAL ACCIDENT
POLICY NUMBER: 56745 Premium : Php 98.00
TERM OF INSURANCE: FROM: October 16,, 2021 Doc Stamps :
TO: October 16, 2022 Prem. Tax : 1
LGT : 1
ISSUE DATE: October 16, 2021 TOTAL : Php 100.00
INSURED NAME & ADDRESS:
JESSA ANN A. TALABOC
NAME OF ASSURED
ADDRESS: PAYAHAN, BACLAYON, BOHOL

Date of Birth : January 30, 2000

Age : 21
Occupation : Businessman and a Partimer at Empowered Consumerism
Status : Single
No. of Person : 1

BENEFICIAL INFORMATION:
BENEFICIARY RELATION
NAME OF BENEFICIARY: Nieves Talaboc Mother
ADDRESS: Payahan, Baclayon, Bohol

COVERAGES:
Peril/s SUM INSURED Premium Rate (%) Premium
BURIAL 50,000.00 0.00% 0.00
ACC. DEATH &DISABLE 100,000.00 0.00% 100.00
Unprovoked Murder & Assault 200,000.00 0.00% 0.00
ACC. MED. EXPENSE 30,000.00 0.00% 0.00

WARRANTIES & CLAUSES:

ACCIDENTAL MEDICAL EXPENSE
The Policy will pay for hospital, surgical, nursing, and other medical services or
supplies required for treatment of injuries covered by this policy within 26 weeks of the
date of the accident, up to the Maximum Benefit of Php10,000.00.
ACCIDENTAL BURIAL EXPENSE BENEFIT
IF INJURY SHOULD RESULT IN ACCIDENT DEATH OF THE INSURED
PERSON, THE COMPANY WILL, IN
-OVER-
In witness whereof, FWD Philippines., has caused this policy to be signed by its duly
authorized officers representatives at Tagbilaran City, Philippines this 16th day of
October, 2021.

POLICY NO: 56745

Examined By: Authorized Signature:

JAY BEE C. TOLIBAS
Officer-in-Charge