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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

That this Contract to Sell, made and executed by and between:

CHRISTINE L. HALILI, of legal age, Filipino citizen, and with address at 70 P.

Paterno St., Lamar Homes, Parang Marikina City herein after known as the
“SELLER”,

- AND -

SPOUSES RAMON A. SANTOS and ANGELITA D. SANTOS, of legal ages,

Filipinos, and with residence at 2 Calcite St., Twin River Subdivision 2, Parang,
Marikina City hereinafter referred to as the “BUYER”;

All the parties shall be collectively known as the “PARTIES”.

WITNESSETH: That—

WHEREAS, the SELLER is the absolute and registered owner of one parcel of land and
improvements located at Zamora, Parang, Marikina City, with an area of 66 sqm square meters,
covered by Transfer Certificates of Title (“TCT”) No. (477330) 009-2022001161 issued by
the Registry of Deeds of Marikina City and Tax Declaration No. E-0016-046489, E-0016-
130073 and E-0016-103516 hereinafter referred to as the “PROPERTIES”, more particularly
described in the attached copies of the aforesaid title and tax declarations which are made
integral parts hereof as Annex “A-series”.

WHEREAS, the SELLER has offered to sell the PROPERTIES to the BUYER and the
BUYER has accepted such offer;

WHEREAS, the BUYER has offered to purchase the above-mentioned property and the
SELLER has agreed to sell the same;

NOW, THEREFORE, for and in consideration of the foregoing premises and of the terms
and conditions contained herein, the parties hereby agree as follows:

Section 1. SALE – The SELLER hereby SELLS, TRANSFERS, and CONVEYS,

absolutely and unconditionally, all its rights, titles and interests in and to the PROPERTIES to the
BUYER, free from any and all liens, encumbrances, options, mortgage, and adverse claim on the
titles thereof, and free from squatters, tenants or any occupants, and structures or improvements
thereon.

Section 2. PURCHASE PRICE – That for and in consideration of PESOS: THREE

MILLION (Php3,000,000.00) Philippine Currency, the SELLER hereby sells, transfers and conveys
the above described PROPERTIES unto and in favor of the BUYER, receipt of which is hereby
acknowledged by the SELLER to its full satisfaction.

Section 3. WARRANTIES – The SELLER hereby warrants and represents to the

BUYER:
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3.1 That the SELLER is the absolute and registered owner of the PROPERTIES, has good
and perfect titles to the same, and can validly sell the PROPERTIES to the BUYER in
accordance with the terms of this Deed, and that the Transfer Certificates of Title
and Tax Declarations covering the PROPERTIES under the SELLER’s name is
genuine, valid and subsisting.

3.2 The SELLER has full legal right and capacity to perform the obligations required
under this Deed with respect to the PROPERTIES. This Deed, with respect to the
PROPERTIES, constitutes the legal binding obligation of the SELLER, enforceable
against it in accordance with the terms hereof.

3.3 Upon execution hereof, the SELLER warrants that the titles to the PROPERTIES are
free from any and all liens and encumbrances, options, mortgage and adverse
claims, and the PROPERTIES is free from squatters, tenants, informal settlers or any
occupants, as well as structures or improvements of whatever kind and nature.

3.4 The SELLER warrants that the BUYER shall acquire valid title to the PROPERTIES and
enjoy peaceful possession of the same.

3.5 The BUYER shall cause the preparation, transfer and registration of titles and tax
declarations in its name. The SELLER shall guaranty the availability of all other
documents which may be necessary to effect the transfer of the titles and tax
declarations of the PROPERTIES in the name of the BUYER.

3.6 The SELLER binds itself to defend the BUYER from any and all claims by any third
party from the ownership, possession and use of the PROPERTIES and undertakes to
hold the BUYER free and harmless from any liability or responsibility with regard to
any third party claim in connection herewith.

3. 7 As of date hereof and to the best of the SELLER's knowledge, there is no existing,
pending or threatened condemnation, expropriation, eminent domain or similar
proceeding affecting any portion of the PROPERTIES.

Section 4. TAXES - It is hereby agreed, covenanted and stipulated by and between the
parties that the SELLER will pay and update the payment of realty taxes, and other taxes or
assessments which may be levied on the PROPERTIES and the structures/improvements thereon, if
any, including the surcharges and penalties in case of delinquency, from the Treasurer’s Office of
Marikina City up to the date the PROPERTIES is registered in BUYER’s name.

Taxes, costs and expenses to be incurred in connection with the transaction contemplated
herein shall be borne by the (1) SELLER: (a) Capital Gains Tax (b) Cancellation of Mortgage and (c)
Notarial Fees and (2) BUYER: (a) Documentary Stamp Tax, (b) Transfer Taxes, (c) Registration Fees
and other applicable fees and expenses required to be paid for the registration of the transfer of the
title and the issuance of the new transfer certificate of title and corresponding tax declaration in the
name of the BUYER covering the PROPERTIES under the Deed of Absolute Sale.

IN WITNESS WHEREOF, the parties have hereunto signed this instrument this ___ day of
___________ at ____________________.
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IN WITNESS WHEREOF, the parties have hereunto set their hands on this ____ day of
____________ at _____________.

RAMON A. SANTOS CRISTINE L. HALILI

BUYER SELLER

____________________________________
ANGELITA D. SANTOS
BUYER

SIGNED IN THE PRESENCE OF:

________________________ ________________________
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ACKNOWLEDGMENT

Republic of the Philippines )

____________________ City) S.S.

BEFORE ME, a Notary Public, for and in the above jurisdiction, this _____ day of
_______________ personally appeared:

Name Valid ID Date/Place Issued

CHRISTINE L. HALILI

RAMON A. SANTOS
ANGELITA D. SANTOS

Known to me and to me known to be the persons who executed the foregoing document
consisting of ___ (___) pages including this page and they acknowledged to me that the same
is their free and voluntary act and deed as well as their free and voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL, this ________________.

NOTARY PUBLIC

Doc. No. _______ ;

Page No. ________;
Book No. ________;
Series of ________.