DEED OF CONDITIONAL SALE

KNOW ALL MEN BY THESE PRESENTS:

This contract is entered into by and between:

JAMES PAGULAYAN SALAZAR, of legal age, Filipino, and with residence address at
Gosi Sur, Tuguegarao City, Cagayan, hereinafter referred to as the VENDOR;

- and -

LEONARDO LAGUNDI PAGULAYAN, of legal age, Filipino, and with residence

address at Mangga, Penablanca, Cagayan, herein referred to as VENDEE;

witnesseth:

That the VENDOR is the registered proprietor of a enterprise under the name and
style LMF CABLING SERVICES located at 24 Ipil-Ipil St., Tuguegarao City, Cagayan,
which business name is duly registered with the Department of Trade and Industry (DTI),
Tuguegarao City, Cagayan;

That the VENDOR is willing to sell the said vehicle to the VENDEE under the
conditions set below;

NOW THEREFORE, for and in consideration of the foregoing, the VENDOR hereby
sell and convey by way of conditional sale to the VENDEE the foregoing motor vehicle for an
entire consideration of TWENTY TWO THOUSAND PESOS (P22,000.00), subject to the
following conditions:

1. The VENDEE shall pay to the VENDOR the amount of TEN THOUSAND PESOS
(P10,000.00) upon execution on this instrument;

2. The VENDEE shall pay to the VENDOR the remaining balance in the amount of
TWELVE THOUSAND PESOS (P 12,000.00) on or before October 27, 2017.

3. Upon the execution of this instrument, the motor vehicle shall be delivered to
VENDEE;

4. The absolute deed of sale shall be executed by VENDOR upon full payment.

IN WITNESS WHEREOF, the parties have hereunto set their hands this ___th of
September 2017 at Tuguegarao City, Cagayan.

JAMES PAGULAYAN SALAZAR LEONARDO LAGUNDI PAGULAYAN

Vendor Vendee

Signed In The Presence Of

1
 ___________________________________ ___________________________________
REPULIC OF THE PHILIPPINES )
CITY OF _____________________ ) S. S.

BEFORE ME, a Notary Public for and in ___________________________ came and

appeared the afore-named parties in this instrument and acknowledged the foregoing deed as
their voluntary act and deed, and I have duly verified their identities through personal interview
and through their I.Ds. bearing their picture and signature which are competent proofs of
identity.

This instrument refers to a Deed of Conditional Sale consisting of TWO (2) pages
including this page where the acknowledgment appears, duly signed by the parties and their
witnesses on each and every page thereof.

IN WITNESS WHEREOF, I have hereto set my hand and affixed my notarial seal, this
___th of September 2017 at Tuguegarao City, Cagayan.