DEED OF ABSOLUTE SALE

THE PUBLIC IS INFORMED:

This DEED OF ABSOLUTE SALE executed and entered into by and between:

TIMOG SILANGAN DEVELOPMENT CORPORATION hereinafter referred

to as the VENDOR) of legal age, Filipino, and resident of
______________________

and

The REPUBLIC OF THE PHILIPPINES, represented in this act by the

BASES CONVERSION AND DEVELOPMENT AUTHORITY (hereinafter
referred to as the VENDEE), a government instrumentality vested with
corporate powers created by virtue of Republic Act No. 7227, as
amended, with office address at the BCDA Corporate Center, 2/F
Bonifacio Technology Center, 31st Street, corner 2nd Avenue, Bonifacio
Global City, Taguig City, Metro Manila, through its President & CEO,
VIVENCIO B. DIZON, by virtue of powers vested upon him under Section
11 (d) of R.A. 7227.

ANTECEDENTS:

The VENDEE is implementing the Subic-Clark Railway Project (SCRP) – a 71.13-

kilometer freight railway connecting Subic Bay Freeport Zone and Clark Freeport
Zone, providing a railway link between the Port of Subic Bay and Clark International
Airport.

In support of the SCRP, the VENDEE needs to construct 2 major track railways: the
Mainline, a single track railway that will connect Subic Bay Freeport Zone and Clark
Freeport Zone, and is divided into four segments, Subic-to-Dinalupihan (Segment 1),
Dinalupihan-to-Floridablanca (Segment 2), Floridablanca-to-Porac (Segment 3), and
Porac-to-Clark (Segment 4); and the Spurline, also a single track railway that will
connect Port Subic Bay New Container Terminals to the Mainline.

The VENDEE needs to acquire private lands which will be used for the Right-of-Way
(ROW) of these railways.

The VENDOR is the absolute owner of a piece of property located in Barangay

Pampang/Anunas containing an area of TWO HUNDRED (200) SQUARE METERS, as
evidenced by TCT No. 42970 (Annex “B”), of the Register of Deeds of Province of
Pampanga, which is partially affected by the construction of the Subic-Clark Railway
Project, traversing EIGHTY-SIX (86) SQUARE METERS of the subject property.

ACCORDINGLY, for and in consideration of the total sum of

__________________________________ representing the Total Purchase Price (details of
computation hereto attached as Annex “C”), the VENDOR SELLS, CEDES,
TRANSFERS, CONVEYS AND DELIVERS unto the VENDEE the property particularly
described as follows:
 BCDA – Timog Silangan Development Corporation
Deed of Absolute Sale
Page 2 of 4

Technical Description

SURVEY PLAN NO. :

LOT NO. : LOT 33-B
PORTION OF LOT : LOT 33 BLK-81
LAND OWNER/CLAIMANT : BASES CONVERESION AND DEVELOPMENT
AUTHORITY
LOCATION : BRGY. PAMPANG/ANUNAS, ANGELES CITY
PROVINCE OF PAMPANGA, ISLAND OF
LUZON

BOUNDARIES:

LINE DIRECTION ADJOINING

LOTS/FEATURE
1-2 E LOT 33-A
2-3 S-W LOT 35 BLK-81, (LRC)
3-1 N-W ROAD LOT 20-B

Tie line: S76-05W, 830.20m from BBM no. 46 to corner “1”, Angeles Cadastre.

LOT DESCRIPTION

LINE BEARING DISTANCE

1-2 S08-56E 20.78 m.
2-3 N35-22W 18.61 m.
3-4 N54-38E 9.25 m.

Area: EIGHTY-SIX SQUARE METERS (86) square meters more or less

Description of Corners: by P.S cyl. Conc. Mons. 15x40 cms.
Bearing:
Date of Original Survey:
Date of Cons/Subd. Survey:
Date Approved:
Geodetic Engineer:

The PARTIES further agree, consent and stipulate as that:

1. By virtue of this Deed of Absolute Sale, the VENDEE shall cause the issuance of
the corresponding Transfer Certificate of Title on the PROPERTY, in the name of
Republic of the Philippines;

2. The VENDOR hereby agrees and authorizes the VENDEE to deduct from the
consideration stated herein, when applicable, the estate tax due on the estate of
the deceased owner as well as the unpaid real estate taxes on the property up
to the time the latter takes possession thereof, subject to the VENDEE’s
immediate remittance of the same to the concerned government agencies.

3. Capital gains tax, transfer and registration fees including documentary and
stamp tax, and all applicable transfer fees shall be borne and paid directly by
the VENDEE to the Office of the Register of Deeds and other concerned
governmental agencies;

4. Upon the execution and signing of this Deed of Absolute Sale, a portion
representing FIFTY PERCENT (50%) of the total land value and SEVENTY
PERCENT (70%), of the total value of improvements, if applicable, shall be paid
 BCDA – Timog Silangan Development Corporation
Deed of Absolute Sale
Page 3 of 4

and delivered by the VENDEE to the VENDOR, provided that all the documents
necessary for the issuance of the corresponding Transfer Certificate of Title in
the name of the Republic of the Philippines is or will be made available by the
latter.

5. The balance of the total purchase price shall be delivered by the VENDEE to the
VENDOR after this Deed of Absolute Sale is annotated in the Transfer
Certificate of Title.

6. Upon receipt of the total purchase price, the VENDOR is lawfully and
perpetually seized of any and all rights and titles over the PROPERTY.

7. The VENDOR hereby warrants its title to, and shall defend the VENDEE’s
peaceful occupation of, the PROPERTY at all times from any and all claims,
whatsoever.

By: REPUBLIC OF THE PHILIPPINES

Bases Conversion and Development

Authority
__________________________________

Lot Owner
By:

VIVENCIO B. DIZON

President and Chief Executive Officer

Signed in the Presence of:

 BCDA – Timog Silangan Development Corporation
Deed of Absolute Sale
Page 4 of 4

ACKNOWLEDGMENT

BEFORE ME, a Notary Public, for and in City of _____________, on this _________ day of
_____________, 2019 personally appeared the following:

Name Competent Evidence of Identity

They are known to me to be the same persons who executed the foregoing instrument
and they acknowledge to me that the signatures the affixed confirm their own
voluntary acts and the entities they represent.

I further certify that the foregoing DEED OF ABSOLUTE SALE consists of four (4)
pages, including this page on which the acknowledgment is written, and that each and
every page thereof has been signed by the parties and their witnesses, and sealed with
my notarial seal.

SIGNED AND SEALED at the place and on the date stated above.

Doc No. _______;

Page No. _______;
Book No. _______;
Series of 2019.