DEED OF HEIRSHIP AND SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED is entered into and executed by, TEODORO BANQUERIGO, of legal age,
Filipino, married to Rosita Salamanca, and resident of barangay San Antonio, Sibulan, Negros
Oriental, hereinafter called the HEIR-VENDOR, in favor of,

FRANCISCO MORTE ALAP-AP, also of legal age, Filipino, married to Angelina Robiso,
and a resident of barangay San Antonio, Sibulan, Negros Oriental, hereinafter referred to as the
VENDEE;

WITNESSETH:

That FORTUNATA CALUGCUGAN was the absolute owner of a certain parcel of

landknown as Lot No. 4060-B, situated in barangay San AZntonio, Sibulan, Negros Oriental,
covered by Tax Declaration No. 99-17-013-0527, which parcel of land is more particularly
described as follows:

TAX DECLARATION NO. 99-17-013-0527

“A parcel of land known as Lot No. 4069-B, being a portion of Lot No. 4069 of the Cadastral
Survey of Sibulan, with the improvements thereon, situated in the Barrio of San Antonio,
Municipality of Sibulan, Negros Oriental. Bounded on the North, by Lot 4069-C; on the East by
Lot 4070; on the South by Lot No. 4060-A; and on the West by Ajong River, consisting of an
area of Forty One Thousand Nine Hundred Eighty Two (41,982) square meters, more or less;”

That Fortunata Calugcugan died intestate sometime in 1975, leaving without any
testamentary will nor debts not settled until the present and upon her death she was survived by
her legitimate and only compulsory heirs, namely: TEOFILO, CECILIA, AREOPAFITO,
MAGNO, LEONORA, FELOMINA, and PERFECTO, all surnamed BANQUERIGO;

That TEOFILO BANQUERIGO also died intestate sometime in February 1, 2006,

leaving without any testamentary will nor debts not settled until the present and upon his death
he was survived by his legitimate children and only compulsory heirs, namely: ADRIANA,
ASUNCION, TEODORO, EDUARDO, SALOME, HENRY, PEDRO and PETRONIO, all
surnamed BANQUERIGO;

That the HEIRS of the late Fortunata Calugcugan had agreed verbally to partition the
aforementioned Lot No. 4069-B into several sublots and after the said partition they have
personally occupied and took possession of their respective shares;

That invoking the provisions of Section 1, Rule 74 of the Rules of Court, the heir-vendor
herein, Teodoro Banquerigo, does hereby settle and adjudicate unto himself that undivided
portion of the aforementioned Lot No. 4069-B, consisting of SIX HUNDRED SEVENTY FIVE
(675) square meters, more or less;

WITNESSETH FURTHER:

That for and in consideration of the sum of SEVENTEEN THOUSAND PESOS

(Php.17,200.00), Philippine Currency, in hand paid by the Vendee herein and receipt in full is
hereby acknowledged by the Heir-vendor to his entire satisfactions and that by virtue of these
presents the herein Heir-Vendor does hereby SELL, TRANSFER, and CONVEY unto the
vendee, his heirs and assigns, all the vendors’ rights, interests and participation over Lot No.
4069-B, consisting of Six Hundred Seventy Five (675) square meters, more or less, free from all
liens and encumbrances;

- m o r e -
Deed of Heirship and Sale over One-Half (1/2) portion of Lot No. 767-B, page (2).

That the vendor herein declare that this land is not tenanted nor worked upon by an
agricultural lessee and that due notice has been given to all persons affected by this transaction
in compliance with the provisions of the New Civil Code of the Philippines, pertaining to the
rights of the redemptioner and preemptioner, but nobody opted to exercise the said rights and the
sale of these parcels land is in consonance with the provisions of the Comprehensive Agrarian
Reform Law because this parcel of land is within the retention limits of the vendor, further, the
vendor warrants her ownership over the said parcel of land and will defend the rights of the
herein vendee against any adverse claim whatsoever.

IN WITNESS WHEREOF, we have hereunto affixed our signatures this ___day of

February 2011, at Tayasan, Negros Oriental.

TEODRO BANQUERIGO FRANCISCO M. ALAP-AP

(Vendor) (Vendee)
CTC No. 33170870 CTC No. 08938827
Issued on Jan. 07 , 2010 Issued on Jan. o5, 2011
At Sibulan, Negros Oriental At Sibulan, Negros Oriental

SIGNED IN THE PRESENCE OF:

1. ____________________________ 2. _________________________________

AC KN OWLE D GME NT

Republic of the Philippines)

Province of Negros Oriental)s.s.
Municipality of Tayasan...)

BEFORE ME, this ____day of February 2011, at Tayasan, Negros Oriental, personally
appeared the Vendee and the heir-vendor herein, who exhibited their respective Com. Tax
Certificates, as printed below their names shown above, both known to me to be the same
persons who executed the foregoing deed, consisting of two (2) pages, including this page of
acknowledgement and that all pages were duly signed by the parties herein, together with their
two instrumental witnesses and that they acknowledged to me that the same is their free act and
voluntary deed.

WITNISS MY HAND AND SEAL, on the date, year, and place first above-written.

Doc. No. _______;

Page No. _______;
Book No._______;
Series of 2011.