DEED OF GRANT OF USUFRUCTUARY RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Grant of Usufructuary Rights entered into by and between:

MARIVIC B. MANALO-CASTAŇEDA, of legal age, married,

Filipino Citizen and a resident of Bgy. Maraykit, San Juan,
Batangas, hereinafter referred to as the “GRANTOR”;

-and-

ENGINEER ALLAN O. GEPANAGA, of legal age, married, Filipino

Citizen, President of GAIN FACILITY MAINTENANCE and
CONSTRUCTION CORPORATION and a resident of # 104 L.
Labao, Ligid-Tipas, Taguig City, hereinafter referred to as the
“GRANTEE”;

WITNESSETH that-

WHEREAS, the GRANTOR is the true and registered owner of a parcel of land wherein the
MELMAR TRADING BUILDING is housed and erected, and more particularly located at General Luna
Street, Bgy. Poblacion, San Juan, Batangas;

WHEREAS, the GRANTOR desires to give the GRANTEE, the right of usufruct over a certain
portion of MELMAR TRADING BUILDING, particularly the second floor thereof, with the latter having the
full right to the use and enjoyment of the fruits of the property in return for his assuming the obligation
to preserve the property during the term of the usufruct;

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 above-described portion of MELMAR TRADING BUILDING, subject to the following terms
and conditions:

1. This grant of Usufruct shall be valid and binding during the corporate life of GAIN FACILITY
MAINTENANCE AND CONSTRUCTION CORPORATION subject to the condition that anyone
representing such corporation including its officers shall actually be in possession and
maintenance of the premises covered by the grant;

2. The GRANTEE shall pay and be liable for all taxes, licenses, permits, duties, levies and such
other charges as the Government or any of its instrumentalities and agencies may impose by
reason of and arising out of this agreement and its implementation;

3. The GRANTEE shall defray all expenses for building and maintenance including cost of
power, water, telephone and other utilities attached, connected or related to the operation
of the improvement introduced on the property subject of this agreement;

4. The GRANTEE shall, at his own expense, make all necessary repairs to keep the premises and
all its equipments and facilities from deteriorating in value or condition during the term of
the grant;

5. The GRANTEE may make improvement on the property subject of this grant provided that
the GRANTEE hereby agrees and binds himself to insure at his expense the improvements,
furnishings and equipments built or placed thereon against loss by fire, typhoon, flood or
other similar natural events. In no case shall the GRANTOR be liable for any loss, damage or
injury that may arise by reason of the use and enjoyment of the fruits of said property by
the GRANTEE;
 6. The GRANTEE shall not lease any part or portion of the premises or the whole thereof,
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 premises during the period of the grant. The
GRANTEE, his representatives, agents and employees shall have complete and unimpeded
access to and from the premises at anytime;

8. The GRANTOR may immediately recover possession the afore-described portion of real
property including all permanent structures and improvements introduced thereon without
obligation to reimburse the herein GRANTEE and terminate the usufruct should the
GRANTEE violate any of the provisions of this DEED or fail to comply with its obligations as a
USUFRUCTUARY as provided in the New Civil Code of the Philippines, the applicable
provisions of which are incorporated herein and deemed part of the provisions of this DEED.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this ____ day of
________________, 2021 here at the City of Lipa, Province of Batangas, Philippines.

_____________________________ __________________________
MARIVIC B. MANALO-CASTAŇEDA ENGINEER ALAN O. GEPANAGA
GRANTOR GRANTEE

SIGNED IN THE PRESENCE OF:

___________________________ __________________________

ACKNOWLEDGMENT

Republic of the Philippines

City of Lipa } S. S.

BEFORE ME, a Notary Public for and in the City of Lipa, personally appeared MARIVIC B.
MANALO-CASTAŇEDA, with Community Tax Certificate No. 25499955 issued on January 4,2021 at San
Juan, Batangas and ENGINEER ALAN O. GEPANAGA with Voter’s Identification Number 7607-0287A-
D3074AOG1001-7 issued by COMELEC, Taguig City, both whom I have identified through competent
evidence of identity and who represented to me that their respective signatures on the foregoing
instrument were voluntarily affixed by them for the purposes state in the instrument and who declared
that they have executed the foregoing instrument as their free and voluntary act and deed.

This instrument consists of only two (2) pages including this page on which this acknowledgment
is written, duly signed by the parties and their instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL this ___ day of _____________, 2021 here at the City of Lipa,
Province of Batangas, Philippines.

Doc. No. _____

Book No. _____
Page No. _______
Series of 2021