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DEED OF ASSIGNMENT

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ASSIGNMENT, made and executed by and between:

NEW 4M CORPORATION, a corporation duly organized and existing under and by virtue of
Philippine laws with principal office at Rizal-Lacson Sts., Bacolod City, Philippines, represented in this
agreement by its Chairman, MR. ANTONIO ORTIZ, of legal age, Filipino and with office address at Rizal-
Lacson Sts., Bacolod City, Philippines, pursuant to a Secretary’s Certificate hereto attached as Annex “A”
as an integral part hereof, hereafter referred to as the ASSIGNOR;

- And –

MYVAN PROPERTIES AND DEVELOPMENT, INC., a corporation duly organized and existing under
and by virtue of Philippine laws with principal office at M.L. Quezon St., Cabancalan, Mandaue City, Cebu,
Philippines, represented in this agreement by its President, MR. MARK ANTHONY S. ORTIZ, of legal age,
Filipino and with office address at M.L. Quezon St., Cabancalan, Mandaue City, Cebu, Philippines,
pursuant to a Secretary’s Certificate hereto attached as Annex “B” as an integral part hereof, hereafter
referred to as the ASSIGNEE.

RECITALS:

WHEREAS, the ASSIGNOR had entered into a JOINT VENTURE AGREEMENT, involving two (2)
parcels of land, situated in Bacolod City, Negros Occidental, registered in the name of the corporation and
more particularly described as:

1. Transfer Certificate of Title No. T – 202251

“A parcel of land (Lot 59, of the subdivision plan, Psd-12395, being a


portion of lot 1205-A of plan Psd-12393, GLRO Cad. Rec. No. 55),
situated in the Bo. of Mandalagan, City of Bacolod, Prov. Of Neg.
Occ… containing an area of THREE HUNDRED NINTEY SIX (396)
SQUARE METERS, more or less.”

2. Transfer Certificate of Title No. T - 202252

“A parcel of land (Lot 65, of the subdivision plan, Psd-12395, being a


portion of lot 1205-A of plan Psd-12393, GLRO Cad. Rec. No. 55),
situated in the Bo. of Mandalagan, City of Bacolod, Prov. Of Neg.
Occ… containing an area of FOUR HUNDRED (400) SQUARE METERS,
more or less.”

WHEREAS, the ASSIGNOR as the absolute owner of the above parcels of land had proposed a
JOINT VENTURE AGREEMENT involving the above described parcels of land and had accepted and agreed
to certain terms and conditions as embodied in a contract executed before the faith and in the presence
of Notary Public, Atty. Jubert P. Katalbas and registered in his notarial registry as Doc. No. 198, Page No.
197, Book No. V, Series of 2012, copy of which is hereto attached as Annex “C” as an integral part hereof;

WHEREAS, the ASSIGNOR wishes to transfer all rights, privileges, obligations and/or liability to the
ASSIGNEE for the following purposes:

1. The purpose of this assignment is to ensure that a project of this nature shall be handled by a
more competent and specialized company.
NOW, THEREFORE, for and in consideration of the foregoing premises and of the mutual
covenants and agreements made by the PARTIES as herein stipulated, the PARTIES have agreed, as they
hereby AGREE as follows:

1. This Deed of Assignment shall be made effective upon the execution of this agreement;
2. All rights and privileges of the ASSIGNOR in the JOINT VENTURE AGREEMENT, hereto attached as
Annex “C” shall now be enjoyed by the ASSIGNEE;
3. All the obligations and liabilities of the ASSIGNOR in the JOINT VENTURE AGREEMENT (Annex “C”)
shall now be solely borne by the ASSIGNEE;
4. The ASSIGNEE warrants that it has the expertise and capability, both financial and technical to
undertake all the obligations of the ASSIGNOR and that the date of reckoning of the
development phase shall be reckoned from the date of execution of the JOINT VENTURE
AGREEMENT (Annex “C”)

IN WITNESS WHEREOF, we have hereunto affixed our signature this ______________ 2018 in the City of
_____________, Philippines.

NEW 4M CORPORATION MYVAN PROPERTIES & DEVELOPMENT, INC.


Assignor Assignee
By: By:

ANTONIO ORTIZ MARK ANTHONY S. ORTIZ


____________I.D. NO. __________________ ____________I.D. NO. __________________
Valid until: ____________________________ Valid until: ____________________________

WITNESSES:

_______________________________ _______________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF _________________)

Before me personally appeared, MR. ANTONIO ORTIZ and MR. MARK ANTHONY S. ORTIZ, with their
respective competent evidence of identity written below their names, personally known to me and to me
known to be the same persons who executed the foregoing instrument which they signed and
acknowledged before me as their voluntary act and deed and that of the entities represented.
WITNESS MY HAND AND SEAL, on the date and place above written.

Doc. No. _____;


Page No. _____;
Book No. ____;
Series of 2018.