DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE is made, executed and entered into by:

BENJAMIN A. HERVAS, as previously the Attorney-in-fact

and one of the heirs of GAVINA H. CHING, of legal age, married to
ELEANOR K. HERVAS, Filipino citizen, and with residence and
postal address at BM Road, San Pedro, Puerto Princesa City,
hereinafter referred to as the SELLER;

-AND-

NOEL C. ABRERA, of legal age, married to NORMITA C.

ABRERA and with residence and postal address at 65 Mabini St.,
Barangay Masipag, Puerto Princesa City, hereinafter referred to as
the BUYER;

WITNESSETH;

WHEREAS, the SELLERS/VENDOR is one of the Heirs of Gavina H. Ching

who is the absolute and registered owner of a parcel of land consisting of FIVE
HUNDRED THIRTY-EIGHT (538 sqm) square meters, more or less, located at
Barrio Calero (now Brgy. San Pedro) Puerto Princesa City covered by Transfer
Certificate Title No. 15035 issued by the Registry of Deeds of Puerto Princesa

more particularly described as follows;

1|DEED OF SALE ABRERA AND HERVAS (CHING)

 WHEREAS, the BUYER has offered to buy and the late GAVINA H.
CHING represented by his Attorney-in-fact and in this document heir
BENJAMIN A. HERVAS has agreed to sell a portion of the above mentioned
property with an area of ONE HUNDRED TWENTY-FIVE (125sqm) SQUARE
METERS which more particularly described as follows:

2|DEED OF SALE ABRERA AND HERVAS (CHING)

 WHEREAS, the BUYER has offered to buy and the late GAVINA H. CHING
represented by his Attorney-in-fact and heir BENJAMIN A. HERVAS has agreed
to sell for FOUR HUNDRED THIRTY-SEVEN THOUSAND FIVE HUNDRED
PESOS ONLY (₱437,500.00) with the following terms and conditions as
embodied in a Contract to Sell1 entered into by the parties:

1. The total consideration shall be FOUR HUNDRED THIRTY-SEVEN

THOUSAND FIVE HUNDRED PESOS ONLY (Php: 437,500.00),
Philippine Currency, payable as follows:

a) The amount of THREE HUNDED THOUSAND PESOS (₱300,000.00)

PESOS, representing earnest money shall be payable by
the BUYER/VENDEE to the SELLERS/VENDORS upon signing of
this Contract to Sell;

b) The remaining balance in the amount of ONE HUNDRED THIRTY-

SEVEN THOUSAND FIVE HUNDRED PESOS (₱137,500.00), shall
be paid on;

i. The amount of ONE HUNDRED THOUSAND PESOS

(₱100,000.00) shall be paid on or before October 19, 2018;

ii. The remaining THIRTY-SEVEN THOUSAND FIVE

HUNDRED PESOS (₱37,500.00) within sixty-days (60) days
from the time of payment of the ONE HUNDRED THOUSAND
PESOS (₱100,000.00).

2. Capital Gains Tax and Real Estate Tax, shall be for the account of
the SELLER/VENDOR;

3. Documentary Stamps Tax, Registration Fee, registration expenses, and

all other miscellaneous fees and expenses shall be to the account of
the BUYER/VENDEE;

4. Possession to the subject property shall be delivered by

the SELLER/VENDOR to the BUYER/VENDEE upon full payment of
the total consideration;

5. Upon full payment of the total consideration the SELLER/VENDOR

shall sign and execute a DEED OF ABSOLUTE SALE in favor of
the BUYER/VENDEE. The SELLER/VENDOR shall likewise execute
and/or deliver any and all documents, including but not limited to the
original copy of Transfer Certificate of Title, Tax Declaration and all other
documents necessary for the transfer of ownership
from SELLER/VENDOR to the BUYER/VENDEE;

WHEREAS, the BUYER as evidenced by two acknowledgment receipts has

complied with the condition of installment in payments and has fully paid the
SELLER through his Attorney-in-fact and thereafter Heir BENJAMIN A.
HERVAS2;

1
Contract to Sell is herein attached as Annex _____
2
Acknowledgment receipts is herein attached as Annex ____ 1 and _____ 2

3|DEED OF SALE ABRERA AND HERVAS (CHING)

 WHEREAS, BENJAMIN A. HERVAS unto this document warrants the
transfer of the herein subject lot to the BUYER as his share of the Estate of the
Late GAVINA H. CHING and to honor the Contract to Sell entered into by his
late mother through him.

NOW THEREFORE, for and in consideration of the sum of FOUR HUNDRED

THIRTY-SEVEN THOUSAND FIVE HUNDRED PESOS ONLY (Php: 437,500.00)
Philippine Currency, fully paid by the buyer to the seller on two installment,
the SELLER and its heir herein undersigned DO HEREBY SELL, TRANSFER,
and CONVEY by way of Absolute Sale unto the said BUYER, his heirs and
assigns, the certain parcel of land together with all the improvements found
thereon, free from all liens and encumbrances of whatever nature including real
estate taxes as of the date of this sale.

That the herein BUYER and the SELLER hereby adhere and reiterate the
covenants set forth in the Contract to Sell pertaining to the Sale of the herein
subject property.

SELLERS/VENDORS BUYER/VENDEE
HEIRS OF GAVINA H. CHING

___________________________________ ___________________________________
BENJAMIN A. HERVAS NOEL C. ABRERA

SIGNED IN THE PRESENCE OF:

__________________________ ____________________________

4|DEED OF SALE ABRERA AND HERVAS (CHING)

 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPIN ES)

Province of Palawan ) SS.
City of Puerto Princesa )

BEFORE ME, a Notary Public, this _____ day of December ___ 20___ , personally
appeared the following:

Name ID Number Date/Place Issued

NOEL C. ABRERA COMPANY ID PPP 064

BENJAMIN A. HERVAS TIN 303-090-184-000

This instrument, consisting of FIVE (5) pages, including the 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 witnesses, and sealed with my
notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place
above written.

Notary Public

Doc. No. ........;

Page No. .......;
Book No. .......;
Series of 20____.

5|DEED OF SALE ABRERA AND HERVAS (CHING)