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REPUBLIC OF THE PHILIPPINES )

Province of South Cotabato ) S.S.
Municipality of Polomolok )
x---------------------------x

(DEED OF USUFRUCT OVER A MOTOR VEHICLE)

DEED OF GRANT OF USUFRUCTUARY RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Grant of Usufructuary Rights entered into by

and between:

VICMAN LINARES, of legal age, American,

married, and a resident of Apt 3, Blk 10, Lot 3,
Brgy. City Heights, General Santos City,
Philippines, (hereinafter referred to as the "
GRANTOR");

- and -

KERVYN JADE E. BUCANAWA, of legal age,

Filipino, single, and a resident of Purok 5,
Glamang, Polomolok, South Cotabato,
Philippines, (hereinafter referred to as the "
GRANTEE");

W I T N E S S E T H:

WHEREAS, the GRANTOR is the true and registered owner

of a certain motor vehicle, more particularly described as follows:

Make: Honda Engine No.:

KSWW00E158545
Series: CCG125WHF Chassis No.:
KSW00158225
Type of Body: Motorcycle Plate No.: LD72567

WHEREAS, the GRANTOR desires to give the GRANTEE the

right of usufruct over the aforedescribed motor vehicle with the
latter having the full right to the possession, use and enjoyment of
the said motor vehicle in return for it assuming the obligation to
shoulder the yearly registration fees, insurance, and other charges
over the said motor vehicle, as well as the obligation to make the
necessary maintenance and repairs to preserve the vehicle during
the lifetime of the usufruct, if necessary;

NOW THEREFORE, for and in consideration of the mutual

agreements, covenants and stipulations hereinafter set forth, the
GRANTOR hereby transfers and conveys unto the GRANTEE by
way of USUFRUCT the aforedescribed motor vehicle, subject to the
following terms and conditions:

1. This grant of Usufruct shall be valid and binding until the

same is cancelled by the GRANTOR;

2. The GRANTEE shall pay and be liable for all registration fees,
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insurance, taxes, licenses, permits, duties, levies and such

other charges as the Government or any of its
instrumentalities and agencies may impose by reason of the
use and operation of the motor vehicle and/or arising out of
this agreement and its implementation, if necessary;

3. The GRANTEE may make improvements on the motor vehicle

subject of this grant and may make any addition, alteration or
improvements on the vehicle without the prior approval of the
GRANTOR provided such additions, alterations or
improvements is necessary in the safe and proper operation
of the vehicle or is desirable in order to maximize the use for
which it was intended;

4. The GRANTEE shall, at (his/her) own expense, make all

necessary maintenance and repairs to keep the motor vehicle
in good running condition and to prevent it and all its
accessories from deteriorating in value or condition during
the term of the grant, ordinary wear and tear excluded;

6. The GRANTEE shall not lease the motor vehicle without the
express consent of the GRANTOR;

7. The GRANTOR hereby covenants with the GRANTEE that the

latter shall peaceably hold and enjoy the full use and
possession of the motor vehicle afore-described during the
period of the grant;

8. During the effectivity of this usufruct or during the entire

time that the GRANTEE has material possession and/or
control of the vehicle, the GRANTEE shall assume any and all
claims or liabilities in connection with any injury or wrongful
death inflicted on any person or for any damage to property
caused by or arising out of the operation or use of the motor
vehicle, holding the GRANTOR free and harmless from any
liability thereby. Should a claim be filed against the
GRANTOR, the GRANTEE undertakes that (he/she) shall
immediately intervene and assume all liabilities or claims in
behalf of the GRANTOR in the event that the claimant is
justly entitled to his claim;

9. The GRANTOR may immediately recover possession the

afore-mentioned motor vehicle and terminate the usufruct
should the GRANTEE violate any of the provisions of the
Grant or fail to comply with its obligations as a usufructuary
as provided under the New Civil Code of the Philippines, the
applicable provisions of which are incorporated herein and
deemed part of the provisions of this Deed;

10. Both parties acknowledge that this agreement is

entered into in good faith and shall require the faithful
compliance of the respective obligations of the parties
concerned and respect of each other's rights as contained in
this Deed. Any party who shall, by its action or omission,
directly or indirectly be responsible for the non-
implementation of any provision of this agreement shall be
liable for actual, moral and exemplary damages.

IN WITNESS WHEREOF, we have hereunto set our hands

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this 31st of August, 2018 at Poblacion, Polomolok, South Cotabato,

Philippines.

VICMAN LINARES KERVYN JADE E. BUCANAWA

SSRN:16308CVL0801104156
FIRST PARTY SECOND PARTY

SUBSCRIBED AND SWORN to before me this 31st day of

August 2018 at Polomolok, South Cotabato. I hereby certify that I
personally examined the affiant and I am fully satisfied that she
executed this affidavit freely and understood the contents thereof.
ATTY. DARLENE D. GILBUENA
Public Attorney I
Pursuant to R.A. 9406
Doc. No. _____;
Page No. _____;
Book No. 001;
Series of 2018.