DEED OF CONDITIONAL SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF CONDITIONAL SALE, made and executed this _____ day of
____________ 2019 in Echague, Isabela, by and between—

NAME , Filipino, of legal age, single, and a residents

of ADDRESS , hereinafter referred to as the VENDOR;

- and -

NAME , Filipino, of legal age, single, and a resident of

ADDRESS , hereinafter referred to as the VENDEE.

WITNESSETH, That:—

WHEREAS, the VENDOR is the registered owner of a certain parcel of land situated in
_________________________, and covered by Transfer Certificate of Title (“TCT”) No.
_______________ of the Registry of Deeds for _______________, free from any liens and
encumbrances and more specifically described as follows:

“A portion of the parcel of land (situated in ______________________

containing an area of ONE HUNDRED TWENTY SQUARE METERS (120.00
sq.m.).”

WHEREAS, the VENDOR has agreed to SELL, CEDE, TRANSFER and CONVEY the
above-described property to the VENDEE for valuable consideration as hereunder stated, and the
VENDEE has agreed to BUY and ACQUIRE the same for the stated consideration.

NOW, THEREFORE, for and in consideration of the foregoing premises and of the terms
and conditions hereinafter set forth, PARTIES have agreed as follows:

1. The total contract price for the above-described parcel of land is THREE HUNDRED
THOUSAND PESOS (P300,000.00).

2. The total contract price of THREE HUNDRED THOUSAND PESOS (P300,000.00)

shall be paid according to the following schedule:

2.1 ONE HUNDRED FIFTY THOUSAND PESOS (P150,000.00), which

VENDOR hereby acknowledges to have received from the VENDEE, and which
amount shall be applied as partial payment of the total contract price.

2.2 The balance of ONE HUNDRED FIFTY THOUSAND PESOS

(P150,000.00) shall be paid until September 30, 2020.
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3. Upon full payment of the THREE HUNDRED THOUSAND PESOS (P300,000.00)

purchased price, the VENDOR shall execute a Deed of Absolute Sale of the property above
described in favor of the VENDEE.

4. It is understood that Capital Gain Tax, Documentary Stamps Tax, Registration Fees
and other miscellaneous fees or expenses for the transfer of the title in the name of the VENDEE
shall be for the account of the VENDEE.

IN WITNESS WHEREOF, the PARTIES hereto have set their hands on the date and at the
place first above written.

________________________ __________________________
Vendor Vendee

SIGNED IN THE PRESENCE OF:

1. _________________________ 2. __________________________
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ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

______________________________) S.S.

BEFORE ME, a Notary Public for and in _________________________, on this _____ day
of ___________________ 2019, personally appeared the following persons with their respective
government-issued Identification Cards, bearing their photographs and signatures, to wit:

Name I.D. Nos. Place/Date of Issue

known to me to be the same persons who executed the foregoing DEED OF CONDITIONAL
SALE, consisting of three (3) pages, including this page whereon the Acknowledgment is written
and signed by all the parties and their two (2) instrumental witnesses on each and every page
thereof.

WITNESS MY HAND AND NOTARIAL SEAL on the date and at the place first
hereinabove written.

Doc. No. _____;

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