DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS: I, Ruperto Perez, Filipino, widower, of legal age, with residence at No. 18 Magiting St., Diliman, Quezon City, for and in consideration of the sum of One Million Five Hundred Thousand Pesos (P1,500,000.00), Philippine currency, to me in hand paid by Pedro Jose, Filipino, of legal, single, with residence at No. 20 Romero St., Recto, Manila, do hereby sell, transfer, convey, absolutely and unconditionally, unto the said Pedro Jose, his heirs and assigns, that certain parcel of land, together with the buildings and improvements thereon, situated in No. 9 Magiting St., Diliman, Quezon City and more particularly described as follows: A PARCEL OF LAND (LOT 37 BLK. 9 OF THE CONS-SUBDN.PLAN PCS-13000571, BEING A PORTION OF THE CONS. OF LOTS 1-B & 1-C (LRC) PSD-8100, LOTS 5-B, 6-A % 6-B, LRC PSD-45206, LOT 2-C-2-B-2-A (LRC) PSD-128708 AND LOT 2-B-2-B2-A (LRC) PSD-128709, LRC REC. NO. 1037), SITUATED QUEZON CITY, METRO MANILA, BOUNDED ON THE SW., ALONG LINE 1-2 BY LOT 38; ON THE NW., ALONG LINE 2-3 BY LOT 36, BOTH OF BLK. 9; ON THE NE., ALONG LINE 3-4 BY ROAD CONS.SUBDN. PLAN. BEGINNING AT A POINT MARKED 1 ON PLAN, BEING S. 37 DEG. 12W., 7138.23 M. FROM BLLM NO. 1, MONTALBAN, THENCE N. 44 DEG. 32 W., 17.00 M. TO POINT 2; THENCE N. 45 DEG. 28 E., 12.01 M. TO POINT 3; THENCE S. 44 DEG. 32 E., 13.00 M. TO POINT 4; THENCE S. 00 DEG. 24 W., 5.66 M. TO POINT 5; THENCE S. 45 DEG 28 W., 8.01 M. TO POINT OF BEGINNING; CONTAINING AN AREA OF THIRTY SQUARE METERS. x x x" of which I am the registered owner in fee simple in accordance with the Land Registration Act, my title thereto being evidenced by TCT No. 11111 issued by the Register of Deeds of Quezon City. It is hereby mutually agreed that the vendee/buyer shall bear all the expenses for the execution, taxes and registration of this deed of sale. IN WITNESS WHEREOF, the parties hereto have signed this deed of sale this 1st day of January 2000 in Quezon City, Metro Manila, Philippines.

Ruperto Perez Vendor

Pedro Jose Vendee SIGNED IN THE PRESENCE OF:

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CONTRACT OF LEASE

Pedro Jose, of age, single, with residence at No. 20 Romero St., Recto, Manila, hereby leases unto Mario and Rose Mejia, of legal age, spouses and residents of No. 9 Magiting St., Diliman, Quezon City as of this date, the house and lot located at No. 9 Magiting St., Diliman, Quezon City under the following terms and conditions: 1. That the term of this lease shall be for two years starting from January 1, 2001 up to January 1, 2003; 2. That the monthly rental of the leased premises shall be Ten Thousand Pesos (P10,000.00) payable within the first five days of the month; 3. That the premises leased have been received by the lessee in good, habitable condition; 4. That all the ordinary repairs within the premises that arise in the daily use of the facilities therein shall be for the sole account and expense of the lessee, without right of reimbursement; 5. That the lessee shall use the leased premises exclusively for family dwelling, and shall have no right to use the same for business purposes; 6. That the lessee is expressly prohibited to sublet the leased premises to any one, without the express consent of the lessor in writing; 7. That all charges for water, light, gas, telephone used within the premises shall be at the sole account of the lessee; 8. That the lessee shall be responsible for the observance of sanitary and electrical regulations required or imposed by the city or government authorities regarding the use and habitation of the leased premises; 9. That the lessee shall notify the lessor at least 30 days in advance should the lessee decide to abandon the leased premises; 10. That violation of any of the above terms and conditions shall give a right to the lessor to demand lessees to vacate the premises. IN WITNESS WHEREOF, the parties hereto have signed this deed of sale this 1st day of January 2001 in Quezon City, Metro Manila, Philippines.

Pedro Jose Lessor

Sps. Mario and Rose Mejia Lessees WITNESSES:

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ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) CITY OF QUEZON ) S.S.

BEFORE ME, this_____ day of _______________,_____, in the City of _____ _______, personally appeared:

Name

Competent of Evidence of Identity

Place and Date of Issue

_____________ _____________

___________________________ ____________________________

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known to me to be the same person who executed the foregoing instrument, and acknowledged that the same are their free act and deed. This instrument, consisting of two pages, including the page on which this acknowledgment is written, has been signed on the left margin of each and every page thereof by Pedro Jose and Sps. Mario and Rose Mejia and their witnesses, and sealed with my notarial seal. IN WITNESS WHEREOF, I have hereunto set my hand on the date and place above written.

NOTARY PUBLIC Commission Serial No. 3453 Until December 31, 2001 Roll of Attorney 23545 IBP No. 324/2-2-00/Quezon City PTR No. 234/1-1-99/Quezon City

Doc. No. ______ Page No. ______ Book No. _______ Series of 2001

RECEIPT

This is to acknowledge that I received the amount of One Million Five Hundred Pesos (P1,500,000.00) from Mr. Pedro Jose as full payment for the purchase of the house and lot owned by me located at No. 9 Magiting St., Diliman, Quezon City consisting of thirty (30) square meters. Quezon City, Metro Manila, January 1, 2000.

Ruperto Perez Vendor