DEED OF ABSOLUTE SALE WITH PACTO DE

RETRO
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale with Pacto de Retro made and executed
by and between:
JAKEE CHAN, of legal age, Filipino, widow, and with postal address at
No. 333 Kamias Road, Quezon City, hereinafter referred to as the SELLER;
and
JET LEE, of legal age, Filipino, single with residence address at 555
Kamagong Street, Ayala Alabang Village, Muntinlupa City, Metro Manila
hereinafter referred to as the BUYER.
WITNESSETH:
That the SELLER is the absolute owner of a certain parcel of land situated
in San Pablo City, Province of Laguna, and more particularly described and
bounded as follows:
TCT No. T-123456
A PARCEL OF LAND (Lot 32 of the consolidation-subdivision plan (LRC) Pcs5141, being a portion of the consolidation of Lots 1 and 2, Psu-112287 Amd.,
LRC (GLRO) Rec. No. N-17511), situated in the Dist. Of Concepcion, City of
San Pablo, Laguna, Island of Luzon. Bounded on the NE., points 3 to 6, by Lot
85; on the S., points 6 to 1 by Lot 30; on the SW., points 1 to 2, by Lot 31;
and on the N., points 2 to 3 by Lot 35, all of the consolidation-subdivision
plan. Beginning at a point marked "1" on plan, being N. 51 deg. 36' E.,
1321.76 m. from B.L.L.M. No.1, San Pablo, Laguna (a copy of which title is
hereto attached as Annex "A")
THAT the SELLER, for and in consideration of the amount of FIVE
HUNDRED THOUSAND PESOS (P500,000.00), Philippine Currency, receipt in
full is hereby acknowledged by her
to her satisfaction, hereby
SELL, TRANSFER and CONVEY under PACTO DE RETRO unto said BUYER, his
heirs and assigns, the above described property with all the buildings and
improvement thereon, free from liens and encumbrances whatsoever;
THAT the SELLER, in executing this conveyance, hereby reserves the
right to REPURCHASE, and the BUYER, in accepting the same, hereby obligates
himself to RESELL the property herein conveyed within a period of five (5)
years from and after the date of this instrument for the same price of FIVE
HUNDRED THOUSAND PESOS (P500,000.00), Philippine Currency: Provided
however, that if the SELLER fails to exercise her right to repurchase as herein
granted within the period stipulated, then this conveyance shall become
absolute and irrevocable, without the necessity of drawing up a new deed of
absolute sale, subject to the requirements of the law regarding consolidation
of ownership of real property.
IN WITNESS WHEREOF, the parties have hereunto set their hands
this 16th day of June 2013 in Manila, Philippines.

JAKEE CHAN
Seller

JET LEE
Buyer

Signed in the presence of:

___________________________
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(ACKNOWLEDGMENT)

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