SECRETARYS CERTIFICATE

I, Roy C. Buna, of legal age, Filipino, with address at Kisolon, Sumilao,

Bukidnon and being the duly appointed Corporate Secretary of D ASIAN HILLS
BANK, INC. (A RURAL BANK) (DAHBI) (formerly: ASIAN HILLS BANK, INC.), a
rural banking corporation, duly formed and existing under and by virtue of the laws
of the Philippines, with principal office at Malaybalay City after having sworn in
accordance with law HEREBY CERTIFIES:
THAT the members of the Board of Directors in its special meeting held on
June 16, 2014 approved the following:
BOARD RESOLUTION NO. 2014-06-56
BE IT RESOLVED AS IT IS HEREBY RESOLVED that D Asian Hills Bank,
Inc. (for brevity) represented by its Vice President, PATROCINIO A. ROXAS, of
legal age, Filipino and a resident of Patag, Cagayan de Oro City, Misamis Oriental;
THAT for and in consideration of the amount EIGHT THOUSAND ONE
HUNDRED SEVEN & 76/100 (P8, 107.76) PESOS in Philippine Currency, do
hereby CEDE, TRANSFER, CONVEY, SELL by way of ABSOLUTE SALE unto
herein VENDEE, Mr. RONEL C. NELLAS, of legal age and a resident of P2
Zamboanguita, Malaybalay City, Bukidnon, his heirs and assign ONE (1) UNIT of
MOTORCYCLE, more particularly described as follows:
Make/Type
:
Color
:
Body Type
:
Engine No.
:
Serial/Chassis No.
:
Plate No
.
:
Official Receipt No.
:
Certificate of Registration No.

HONDA XRM125
BLACK
MOTORCYCLE
XRM 15E075220
XRM 15075213
9311KG
493724125 dated 01/17/2014
:
9095043-6 dated 08/18/2009

of which the Bank is the absolute owner whose ownership is evidenced by the
above-stated Certificate of Registration.
RESOLVED FURTHER that the vendor warrants unto the said vendee that it
has the absolute right to sell the above described property and that it further
warrants that the same is in good and running condition and that this is an as is
where is basis.
RESOLVED FINALLY, that the vendee shall shoulder the necessary expenses
for the transfer of ownership of the above-declared property in his favor.
THAT the said resolution is not contrary to the By-Laws of the Corporation
and is in full force and effect.
WITNESS THE SIGNATURE of the undersigned as such officer of the
Corporation on this _____________________at Malaybalay City, Bukidnon.
ROY C. BUNA
Corporate Secretary
SUBSCRIBED AND SWORN to before me this _________________ at
_____________________, Philippines, affiant exhibiting to me his Social Security No. 081408824-7.
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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:
D ASIAN HILLS BANK, INC.(A RURAL BANK) (DAHBI) (Formerly: ASIAN
HILLS BANK, INC.), duly organized and existing under the laws of the Republic of
the Philippines with principal office at 2F DAHB Centre, Fortich Street, Malaybalay
City, Bukidnon, represented by its Vice President, PATROCINIO A. ROXAS, of
legal age, Filipino and a resident of Patag, Cagayan de Oro City, Misamis Oriental,
hereinafter referred to as the VENDOR;
-ANDMr. RONEL C. NELLAS, of legal age, Filipino, and a resident of P2 Zamboanguita,
Malaybalay City, Bukidnon, hereinafter referred to as the VENDEE;
-WITNESSETH
THAT the VENDOR is the registered owner of a certain motor vehicle particularly
described as follows:
Make/Type
:
Color
:
Body Type
:
Engine No.
:
Serial/Chassis No.
:
Plate No
.
:
Official Receipt No.
:
Certificate of Registration No.

HONDA XRM125
BLACK
MOTORCYCLE
XRM 15E075220
XRM 15075213
9311KG
493724125 dated 01/17/2014
:
9095043-6 dated 08/18/2009

THAT for and in consideration of the sum of EIGHT THOUSAND ONE HUNDRED
SEVEN & 76/100 (P8, 107. 76) PESOS, Philippine Currency, full payment of
which hereby received and acknowledged from the VENDEE and the said VENDOR
does hereby SELL, TRANSFER and CONVEY in a manner absolute and irrevocable,
unto the said VENDEE, his heirs, successors, and assign administrators and
assignees in interest the above-described property free from all liens and
encumbrances of whatsoever nature.
THAT the VENDOR does hereby warrant valid certificate of registration to and
peaceful possession of the property herein sold and conveyed and further declares
that the same shall be free and clear of all liens and encumbrances of any kind.
IN WITNESS WHEREOF, we have hereunto affixed our signatures on this
________________ at Malaybalay City, Bukidnon, Philippines.
D ASIAN HILLS BANK, INC.
VENDOR

RONEL C. NELLAS
VENDEE

Represented by:
PATROCINIO A. ROXAS
Vice President
Witnesses:
____________________

____________________

ACKNOWLEDGMENT
Republic of the Philippines)
City of ________________) S.S.
BEFORE ME, a Notary Public, for and in the City of _____________________, personally
appeared:
Name

Valid Identification Card/Proof of Identity Presented

RONEL C. NELLAS

SSS Number:

34-1328016-8

PATROCINIO A. ROXAS

SSS Number:

08-0340298-6

KNOWN TO ME to be the same persons who executed the foregoing instrument

and acknowledged to me that the same are their free act and voluntary deed.
This instrument consisting of two (2) pages, including this page on which this
acknowledgment is written, has been signed on the left margin of each and every
page thereof by the concerned parties and their witness, and sealed with my
Notarial Seal.
WITNESS MY HAND and SEAL
_________________, Bukidnon, Philippines.

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on

this

_________________________

at