DEED OF CONDITIONAL SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF CONDITIONAL SALE is made, executed and entered

into by and between:

RHODORA DULAY, of legal age, Filipino, married to MELCHOR

ABEJERO and a resident of Poblacion, Kabacan, North Cotabato, Davao
City, Philippines, represented herein by LELAND DULAY, of legal age,
Filipino, married to CHERYL Y. DULAY and a resident of Poblacion,
Kabacan, North Cotabato, Davao City, Philippines, by virtue of a SPECIAL
POWER OF ATTORNEY (SPA), notarized by Atty. Herminio B. Faustino
with such SPA being registered in his notarial register as Doc. No. 45, in
page 10, Book 118, Series of 2020, hereinafter referred to as the “VENDOR”;

- AND -

MARIDEL BUMAAT HONG of legal age, Filipino, married to ZHIJUN

HONG and a resident of Rizal Avenue Cor. Sinamar 11 St., Kabacan, North
Cotabato, Philippines, hereinafter referred to as the “VENDEE”;

WITNESSETH THAT:

The VENDOR is the lawful and registered owner of a parcel of land

located at Barangay of Osias, Municipality of Kabacan, Province of
Cotabato, Island of Mindanao, Philippines containing an area of EIGHT
THOUSAND EIGHT HUNDRED TWENTY FIVE (8,825) SQUARE METERS,
more or less, covered by TRANSFER CERTIFICATE OF TITLE NO. 152-
2018001776;

LELAND DULAY, is the ATTORNEY-IN-FACT of RHODORA DULAY;

The VENDOR, as the ATTORNEY-IN-FACT of RHODORA DULAY,

through an instrument designated as a SPECIAL POWER OF ATTORNEY
(SPA), is authorized to SELL, CEDE, CONVEY, and/or otherwise
TRANSFER, the parcel of land located at Barangay of Osias, Municipality of
Kabacan, Province of Cotabato, Island of Mindanao, Philippines containing
an area of EIGHT THOUSAND EIGHT HUNDRED TWENTY FIVE SQUARE
METERS (8,825), more or less, covered by TRANSFER CERTIFICATE OF
TITLE NO. 152-2018001777;

The VENDOR is the lawful and registered owner of a parcel of land

located at Barangay of Osias, Municipality of Kabacan, Province of
Cotabato, Island of Mindanao, Philippines containing an area of EIGHT
THOUSAND EIGHT HUNDRED TWENTY FIVE SQUARE METERS (8,825),
more or less, covered by TRANSFER CERTIFICATE OF TITLE NO. 152-
2018001776, issued by the Office of Registry of Deeds of Cotabato,
particularly described as follows:

LOT No: 944-C

PLAN NO: PSD-12-058278

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 1 of 7
PORTION OF: LOT 944, PLS-117
LOCATION: BARANGAY OF OSIAS, MUNICIPALITY OF
KABACAN, PROVINCE OF COTABATO, ISLAND OF
MINDANAO, PHILIPPINES
BOUNDARIES:

LINE DIRECTION ADJOINING LOT (S)

1-2 NW LOT 9440D, PSD-12-
058278
2-3 NE NATIONAL HIGHWAY,
3-4 SE LOT 944-B, PSD-12-
058278
4-1 SW LOT 950, PLS-117

TIE POINT: BLLM NO. 13, PLS 117

LINE BEARING DISTANCE

TO CORNER 1 S. 61 deg. 46’ E., 1196.37 M.
1-2 N. 11 deg. 14’ E., 255.13 M.
2-3 S. 75 deg. 02’ E., 34.69 M.
3-4 S. 11 deg. 14’ W., 254.74 M.
4-1 N. 75 deg. 40’ W., 34.67 M.

The VENDOR is the lawful and registered owner of a parcel of land

located at Barangay of Osias, Municipality of Kabacan, Province of
Cotabato, Island of Mindanao, Philippines containing an area of EIGHT
THOUSAND EIGHT HUNDRED TWENTY FIVE SQUARE METERS (8,825),
more or less, covered by TRANSFER CERTIFICATE OF TITLE NO. 152-
2018001777, issued by the Office of Registry of Deeds of Cotabato,
particularly described as follows:

LOT No: 944-D

PLAN NO: PSD-12-058278
PORTION OF: LOT 944, PLS-117
LOCATION: BARANGAY OF OSIAS, MUNICIPALITY OF
KABACAN, PROVINCE OF COTABATO, ISLAND OF
MINDANAO, PHILIPPINES
BOUNDARIES:

LINE DIRECTION ADJOINING LOT (S)

1-2 SW LOT 950, KABACAN, PLS-117
2-3 NW LOT 944-E, PSD-12-058278
3-4 NE NATIONAL HIGHWAY,
4-1 SE LOT 944-C, PSD-12-058278

TIE POINT: BLLM NO. 13, PLS 117

LINE BEARING DISTANCE

TO CORNER 1 S. 61 deg. 46’ E., 1196.37 M.
1-2 N. 75 deg. 40’ E., 34.62 M.
2-3 N. 11 deg. 14’ E., 255.51 M.

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 2 of 7
3-4 S. 75 deg. 02’ E., 34.64 M.
4-1 S. 11 deg. 11’ W 255.13 M.

The VENDOR desires to sell the above-mentioned properties for a purchase

price amounting to FORTY MILLION (PHP 40,000,000.00) PESOS;

That the VENDEE is interested to purchase the above-described properties

for FORTY MILLION (PHP 40,000,000.00) PESOS;

NOW, THEREFORE, for and in consideration of the above the parties hereto
have agreed as they hereby agreed to stipulate the following conditions to wit:

1. That the agreed purchase price of TCT no. 152-2018001776 and TCT no.
152-2018001777 is FORTY MILLION ( PHP 40,000,000.00) PESOS;

2. A down payment will be paid by the VENDEE to the VENDOR upon signing
of this DEED OF CONDITIONAL SALE in the amount of THREE MILLION
(PHP 3,000,000.00) PESOS;

3. The above-cited payment of THREE MILLION (PHP 3,000,000.00) PESOS,

shall be deemed as the FIRST PAYMENT, in accordance with the schedule
of payments as indicated below;

4. After a month upon the signing of this DEED OF CONDITIONAL SALE an

amount of SEVEN MILLION (PHP 7,000,000.00) PESOS will be given to the
VENDOR as SECOND PAYMENT, in accordance with the schedule of
payments as indicated below;

5. The VENDEE shall pay the remaining balance of THIRTY MILLION (PHP
30,000,000.00) PESOS on Sixty (60) installment months and secured by
individual post-dated check (PDC);

6. The remaining balance of THIRTY MILLION (PHP 30,000,000.00)

PESOS on Sixty (60) installment months and secured by individual post-
dated check (PDC), shall be paid in accordance with the following
payment schedules:

SECOND PAYMENT – Seven Million (PHP 7,000,000.00) Pesos

THIRD PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

FOURTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

FIFTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

SIXTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

SEVENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

EIGHTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

NINTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

TENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 3 of 7
 ELEVENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

TWELFTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

THIRTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

FOURTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

FIFTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

SIXTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

SEVENTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

EIGHTEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

NINETEENTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

TWENTIETH PAYMENT – Five Hundred Thousand (PHP. 500,000.00) Pesos

TWENTY-FIRST PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-SECOND PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-THIRD PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-FOURTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-FIFTH PAYMENT – Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-SIXTH PAYMENT- Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-SEVENTH PAYMENT- Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-EIGHTTH PAYMENT- Five Hundred Thousand (PHP. 500,000.00)

Pesos

TWENTY-NINTH PAYMENT- Five Hundred Thousand (PHP. 500,000.00)

Pesos

30TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

31ST PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

32ND PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

33RD PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

34TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 4 of 7
 35TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

36TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

37TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

38TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

39TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

40TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

41ST PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

42ND PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

43RD PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

44TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

45TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

46TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

47TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

48TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

49TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

50TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

51ST PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

52ND PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

53RD PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

54TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

55TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

56TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

57TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

58TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

59TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

60TH PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

61ST PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

62ND PAYMENT- Five Hundred Thousand (PHP. 500,000.00) Pesos

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 5 of 7
 7. That the parties shall faithfully comply with the terms and conditions
embodied hereof.

IN WITNESS WHEREOF, the parties have hereunto set their hands this
_________________ at Davao City, Philippines.

LELAND DULAY
Vendor
Duly authorized representative of
RHODORA DULAY
Professional Driver’s License No. M06-01-003276

MARIDEL BUMAAT HONG

Vendee
____________________________

Signed in the presence of:

_____________________ and _______________________

AKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________ ) S.S.
X- - - - - - - - - - - - - - - - - - - - -X

BEFORE ME, a Notary Public for and in the City of ____________,

Philippines, this __________________, personally appeared the following
persons with their respective competent evidence of identity, to wit:

NAME ID PRESENTED ID NUMBER

LELAND DULAY PROFESSIONAL No. M06-01-003276
DRIVER’S LICENSE
MARIDEL BUMAAT HONG
______________________ ____________________________

All known to me to be the same persons who executed the foregoing

instrument and they acknowledged to me that the same are their own and
voluntary act and deed.

This instrument refers to a Deed of Conditional Sale consisting of

seven (7) pages including this page in which this acknowledgment is

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 6 of 7
written, duly signed by the parties together with their respective
instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL, on this date and place above

written.

Doc. No: ______;

Page No: ______;
Book No. ______;
Series of 2022.

Deed of Conditional Sale

TCT No. 152-2018991776 and 152-2018991777
Page 7 of 7