REPUBLIC OF THE PHILIPPINES)

City of Cebu ) S.S.

x-----------------------x

DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale made and entered into by and between:

JULIANA A. SINGSON, of legal age, Filipino, Married to

EUGENIO SINGSON, and a resident of 15-A Carlock St., Sawang
Calero, Cebu City, Philippines, (hereinafter referred to as the
"VENDOR");

- and -

GenVi, a domestic corporation duly registered under the laws of

the Republic of the Philippines, with office address
at___________________, herein represented by ______________
of legal age, Filipino, (single / married / widow), and a resident of
_____________, Philippines, (hereinafter referred to as the
"VENDEE");

WITNESSETH:

WHEREAS, the VENDOR is the true and registered owner of a parcel of land covered
by Transfer Certificate of Title No. _____________, situated in _____________, Philippines,
more particularly described as follows:

TCT No. 171972

Lot 6324, PSD-07-056730

A parcel of land (Lot 6324-C, Psd 07-056730, of the subdivision plan, being a portion of Lot
6324 Cebu Cad, 12) situated in the Barangay of Guadalupe, City of Cebu, Island of
Cebu. Bounded on the NE., along lines 1-2 by Lot 6324-D Psd-07-056730, of the
subdivision plan, on the SE.; along lines 1-3 by Lot 6324-D Psd-07-056730, of the
subdivision plan, on the SW., along line 3-4 by lot 6324-A, Psd 07-056730, of the
subdivision plan, and on the new publicland. Beginning at a point marked “1” on the
plan being S. 89 deg. 34’W., 25.17m. to point 3; thence N. 54 deg 57’W., 17.69m. to
point 4; thence N. 35 deg. 08’E., 25.15 m. to point of the beginning containing an area of
FOUR HUNDRED FORTY-FIVE (445) square meters more or less. All corners referred
to are indicated on the plan and are marked on ground as follows are P.S. cyl. Conc.
Mons. 15x40 cms. Bearing true; date of original survey Dec 1910-Feb. 1912 and that of
the subdivision survey was executed by Filomeno S. Lipang Geodetic Engineer on Feb.
20, 2002 and was approved on June 26, 2003. Registered owner JULIANA A. SINGSON,
Filipino, of legal age, married to Eugenio Singson, also Filipino.

-and-

TCT NO. 171973

LOT 6324, PSD-07-056730
A parcel of land (Lot 6324-D, Psd 07-056730, of the subdivision plan, being a portion of Lot
6324 Cebu Cad, 12) situated in Barangay Guadalupe, City of Cebu, Island of Cebu.
Bounded on the NW., along lines 1-2 by Public Land, and on the SE., along line 3-4, by
Lot 6324-B, Psd-07-056730, of the subdivision plan, on the SE.; along line 4-1 by Lot
6324-C, Psd-056730; of the subdivision plan beginning at a point marked “1” on the

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 plan being S. 89 deg. 34’ W., 438.86 m. from BM No. 59, Cebu Cad. 12; thence N. 35.
Deg. 08’ E., 25.10 m. to point 2; thence S. 55 deg. 04’E., 17.69 m. to point 3; thence S 35
deg 08’ W., 25.13m. to point 4; thence N. 55 deg. 00 ‘W., 17.70 m. to point of beginning
containing an area of FOUR HUNDRED FORTY-FOUR (444) square meters more or
less. All corners referred to are indicated on the plan and are marked on the ground as
follows are P.S. cyl. Conc. Mons. 15x40 cms. Bearing true; date of original survey Dec.
1910-Feb. 1912 and that of the subdivision survey was executed by Filomeno S. Lipang
Geodetic Engineer on Feb. 20, 2002 and was approved on June 26, 2003. Registered
owner JULIANA A. SINGSON, Filipino, of legal age, married to Eugenio Singson, also
Filipino.

WHEREAS, the VENDOR desires to sell and the VENDEE agrees to buy the
aforementioned parcels of land, including all the improvements found and standing thereon.

NOW, THEREFORE, for and in consideration of the sum of FIVE MILLION

THREE HUNDRED THIRTY-FOUR THOUSAND PESOS (Php 5,344,000.00), Philippine
Currency, computed at the offered price which was duly accepted at Six Thousand Pesos
(Php 6,000.00) only per square meter for the total area of Eight Hundred Eighty-Nine
(889 m2) square meters, more or less;

That the VENDEE hereby undertakes to pay the total selling price of FIVE
MILLION THREE HUNDRED FORTY-FOUR THOUSAND PESOS (Php 5,344,000.00),
in two tranches, of TWO MILLION SIX HUNDRED SEVENTY-TWO THOUSAND (Php
2,672,000.00) to the vendor. Payment of the first tranche shall commence upon the
perfection of this Instrument and the second tranche shall be upon the issuance of the
authority to transfer.

That the VENDOR has agreed to sell the subject property to the VENDEE on an
"AS IS, WHERE IS" basis. The VENDEE hereby declares that he has inspected the subject
property prior to the execution of this Agreement, and acknowledges that he is fully
satisfied with the conditions thereof. The VENDOR makes no warranty as to any hidden
defects of the subject property, which the VENDOR warrants to know by virtue of the
VENDEE's duty to inspect.

That the herein ownership shall be kept by the VENDOR and shall only be deemed
transfer to the VENDEE upon full payment of the aforesaid stated price thereto.

The VENDOR hereby undertakes that he, his heirs, successors and assigns shall warrant
and defend the title to the real property subject of this Deed against all claims of all persons or
entities. The VENDOR also guarantees the right of the VENDEE to take possession of the
property subject of this agreement upon the signing and execution of this agreement and will
defend the latter against all judicial or administrative actions for eviction.

Capital gains tax, transfer tax and other taxes, fees and charges that may be imposed on
the transfer of title in favour of the VENDEE shall be for the sole account of the VENDEE.

This Agreement shall be valid and binding not only on the parties herein but also on their
heirs, agents, representatives, successors and assigns.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
_____________ at _____________, Philippines.

VENDOR VENDEE

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 SIGNED IN THE PRESENCE OF:

__________________ __________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF CEBU ) S.S.
x-----------------------------------------x

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the (Province/City/Municipality) of

_____________, personally appeared _____________ with Community Tax Certificate No.
_____________ issued on _____________ at _____________, and _____________ with
Community Tax Certificate No. _____________ issued on _____________ at _____________,
both personally known to me (or whom I have identified through competent evidence of identity)
and who represented to me that their respective signatures on the foregoing instrument were
voluntarily affixed by them for the purposes stated in the instrument and who declared that they
have executed the foregoing instrument as their free and voluntary act and deed.

This Instrument consists of only three (3) pages, including this page in which this
acknowledgment is written, duly signed by the parties and their instrumental witnesses on each
and every page hereof.

WITNESS MY HAND AND SEAL this _____________ at _____________,

Philippines.

NOTARY PUBLIC

Doc. No. ______;

Page No. ______;
Book No.______;
Series of 2019.