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DEED OF RELEASE

For and inconsideration of SEVENTY THOUSAND PESOS (Php.


70,000.00), receipt of which is hereby acknowledge to my entire satisfaction,
from Gregoria D. Ando, I hereby release and completely discharge any claim,
interest, and/or demand with respect to the beach resort situated at Mabait,
Barangay Poloyagan , Pagadian City covered under foreshore lease
agreement in the name of the late Perfecto U. Ando.
IN WITNESS WHEREOF, I have hereunto set my hand, this ___ day of
March 2016 at Pagadian City, Philippines.

CHARLES ZAMBO

SIGNED IN THE PRESENCE OF:

_________________

_________________

REPUBLIC OF THE PHILIPPINES)


CITY/MUNICIPALITY OF ______) SS.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the City of Pagadian personally
appeared CHARLES ZAMBO with I.D. No. _________________________ known to
me and to me known to be the same person who executed the foregoing
instrument which he acknowledged to me as his free and voluntary act and
deed, this instrument is consisting of only one (1) page, including this page
in which this Acknowledgement is written, duly signed by him and his
instrumental witnesses.

WITNESS MY HAND AND SEAL this __ day of March 2016 at Pagadian


City, Philippines.

Doc. No. ______;


Page No. ______;
Book No. ______;
Series of 2016