EXTRA-JUDICIAL SETTLEMENT OF ESTATE

WITH SIMULTANEOUS WAIVER OF SHARES AND DEED OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH SIMULTANEOUS

WAIVER OF SHARES AND DEED OF SALE, made and entered into by and among:

LORENZO U. VILLANUEVA, of legal age, married to Elnora M.

VILLANUEVA, Filipino citizen, and with resident of Blk. 5 Lot 10,
Bonifacio Street, New Capitol Estate 1 Commonwealth, Quezon City,
Philippines;

JEAN VILLANUEVA ZUBIRI, of legal age, Married, Filipino citizen, and with
resident of San Fernando City, La Union, Philippines;

EDWARD U. VILLANUEVA, of legal age, widow of Ma, Librada A.

Villanueva (deceased), Filipino citizen, and with residence of Blk 29
Lot 15, Diego Silang Street, New Capitol Estate 1 Commonwealth,
Quezon City, Philippines;

MARLON H. VILLANUEVA, of legal age, Filipino citizen, and with residence

of ,108 E. Rodriguez Ave. Brgy. Tandang, Kutyo Tanay, Rizal,
Philippines;

RONALD AUGUST VILLANUEVA , of legal age, American citizen, and a

resident of 4121 Sw 9th Place Cape Florida 33914. USA

WITNESSSETH THAT:

The above-named parties, all of legal age, are the legitimate children and sole
heirs of the late FILOTEO VILLANUEVA AND JOSEFA VILLANUEVA, who died
intestate on July 29, 1999 and November 27, 2009 both at Cervantes,Ilocos Sur
Philippines. A copy of their Certificate of Death are attached herein as Annex “A” and
“B”;

The deceased, FILOTEO VILLANUEVA AND JOSEFA VILLANUEVA , at the

time of their death, left a certain parcel of land registered in their name located at
Rosario, Cervantes, Ilocos Sur, Philippines, under Assessment of Real Property No.
T-18035 issued by the Municipal Assessor of Cervantes, which is more particularly
described as follows, to wit:

A Residential Section with an area of ONE THOUSAND (1,000)

SQUARE METERS, and a Total Market Value of ONE MILLION
(Php1,000,000.00) PESOS, located along National High Way, Near Ilocos
Sur Polytechnic State College, Rosario, Cervantes, Ilocos Sur bounded on
the north by National road, on the East by School of Ilocos Sur
Polytechnic State College – Cervantes Campus, on the South by
Villanueva lot and on the West by National road.

No personal properties are involved in this extra-judicial settlement.

To the best knowledge and information of the parties hereto, the said
deceased left no debts;
 The parties being all of legal age and with full civil capacity to contract, hereby,
by these presents agree to adjudicate, as they hereby adjudicate among themselves
the above-described property pro indiviso.

BY WAY OF WAIVER OF SHARES AND DEED OF SALE

That for and consideration of the sum of ONE MILLION PESES (Php1, 000,
000.00) PESOS, Philippine Currency, receipt of which is hereto acknowledged and
confessed from the VENDEE, we, LORENZO U. VILLANUEVA, of legal age, married
to Elnora M. VILLANUEVA, Filipino citizen, and with resident of Blk. 5 Lot 10,
Bonifacio Street, New Capitol Estate 1 Commonwealth, Quezon City, Philippines;
JEAN VILLANUEVA ZUBIRI, of legal age, Married, Filipino citizen, and with resident
of San Fernando City, La Union, Philippines; EDWARD U. VILLANUEVA, of legal
age, widow of MA, LIBRADA A. VILLANUEVA (deceased) Filipino citizen, and
with residence of Blk 29 Lot 15, Diego Silang Street, New Capitol Estate 1
Commonwealth, Quezon City, Philippines; MARLON H. VILLANUEVA, of legal age,
Filipino citizen, and with residence of ,108 E. Rodriguez Ave. Brgy. Tandang, Kutyo
Tanay, Rizal, Philippines; RONALD AUGUST VILLANUEVA , of legal age, American
citizen, and a resident of 4121 Sw 9th Place Cape Florida 33914. USA; hereby SELL,
TRANSFER AND CONVEY all our claims, interests, and participation in the above
described properties in favor of JOEY T. BAGAYAO, married to DONNA I.
BAGAYAO, of legal age, Filipino Citizen, and a residents of
_____________________________their assigns and successors-in-interest,
PORTION of the above-described property consisting of ONE THOUSAND (1,000)
Square meters free from any liens and encumbrances of whatever nature.

Now THEREFORE, for and in consideration of the Provisions of Section 1,

Rule 74 of the Revised Rules of Court of the Philippines, the parties hereto, do by
these presents agree to an Extra-Judicial Settlement.

The VENDORS declare that the boundaries of the above-described parcel of

registered land are visible by means of monuments and that there exists no
permanent improvements thereon.

The provisions of Art 1623 of the New Civil Code and other pertinent laws
have been complied with.

IN WITNESS WHEREOF, we have hereunto affixed our hands this ____ day
of ______________, at__________________________, Philippines.

LORENZO U. VILLANUEVA JEAN VILLANUEVA ZUBIRI

Heir/Vendor Heir/Vendor

With my marital consent: With my marital consent:

Elnora M. VILLANUEVA (name of spouse)

EDWARD U. VILLANUEVA MARLON H. VILLANUEVA
Heir/Vendor Heir/Vendor

RONALD AUGUST VILLANUEVA

Heir/Vendor

JOEY T. BAGAYAO
Vendee

Signed in the presence of:

_____________________________ __________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

DONE: IN THE CITY OF CANDON) S.S.

BEFORE ME, a Notary Public for and in CANDON City, Philippines, this
_____ day of __________ , personally appeared JOEY T, BAGAYAO, known to me
and identified by me through integrally complete identification card to be the same
person who executed the foregoing instrument and he acknowledged to me that he
executed the same freely and voluntarily.

This instrument which refers to an Extra-Judicial Settlement of Estate with

Simultaneous Waiver, consisting of three (3) pages including the page on which this
acknowledgment is written, has been signed by his with his material witnesses on
each and every page hereof.

WITNESS MY HAND AND NOTARIAL SEAL.