DEED OF ASSIGNMENT

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Assignment, made and executed by and between:

KRISTINA MORAN, of legal age, Filipino, single, and with residence address
at No. 10 P. Santos St., Felix Subd., Balagtas, Bulacan, (hereinafter referred to as
the “ASSIGNOR”);
- and -
CALPINE TECH CORPORATION, a lending and financial corporation
organized and existing under the Philippine laws, with principal place of
business at Philippine First Building, 6764 Ayala Avenue, Makati City,
represented in this act by its President, MISTER YOSO, (hereinafter referred to
as the “ASSIGNEE”);

- WITNESSETH -
That the ASSIGNOR contracted a loan with the ASSIGNEE in the sum of
ONE MILLION PESOS (P1,000,000.00) payable in ten (10) equal installments at
an interest rate of SIX PERCENT (6%) per annum payable every first of the
month beginning Feb. 1, 2014.
That the ASSIGNOR failed to pay the ASSIGNEE the remaining five (5)
months together with interest in the total amount of FIVE HUNDRED FIFTEEN
THOUSAND PESOS (P515,000.00) and in full payment and complete
satisfaction thereof hereby assign, transfer and convey unto the ASSIGNEE that
certain real estate with all the buildings and improvements thereon, situated in
Block 2, Lot 4, Villa Maria Magdalena Subd., Barangay San Juan, Balagtas,
Bulacan, with an area of ONE HUNDRED SQUARE METERS (100 sq.m),
more or less, and more particularly described as follows:

A parcel of land (Block 2, Lot 4 of the cons. & subd. plan Pcs-03-0022266 being a
portion of the cons. lot 4, blk.2 (LRC) Pcs-10491, LRC Rec.No. ) situated in the Bo.
of San Juan, Mun. of Balagtas (formerly Bigaa) Prov. of Bul. Bounded on the
NW., along line 1-2 by lot 3 of the cons. & subd. plan; on the NE., along line 2-3
by Manila Railroad Co.; on the SE., along line 3-4 by lot 2 blk. 2 on the SW., along
line 4-1 by lot 4 (Road) both of (LRC) Pcs-10491. Beginning xxxxx
Containing an area of One Hundred (100) square meters; now known as Lot
No. 4, (LRC Psd-03-12345).

of which real estate the ASSIGNOR is the registered owner, his title thereto
being evidenced by Transfer Certificate Title No.14344 of the Register of Deeds
for the Province of Bulacan; a copy of which is attached herewith as Annex “A”
and made an integral part hereof.
That the ASSIGNEE does hereby accept this assignment in full payment of
the above mentioned debt.

IN WITNESS WHEREOF, the partied have signed this Deed on February

12, 2015 at Makati City, Philippines.
 CALPINE TECH CORP.
Represented By:

KRISTINA MORAN MISTER YOSO

(Assignor) (Assignee)

SIGNED IN THE PRESENCE OF:

CHITO BAYOLA WALLY MIRANDA

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

) S.S.

BEFORE ME, a Notary Public for and in the above jurisdiction, this 15th
day of February 2015 personally appeared the following :

Name Tax Identification No.

KRISTINA MORAN 104-124-510

MISTER YOSO 115-321-676
(for Calpine Tech. Corp.) 000-440-440

Who are personally known to me to be the same persons described in the

foregoing instrument, who acknowledge before me that their respective
signatures on the instruments were voluntarily affixed by them for the purpose
stated therein, and who declared to me that they have executed the instrument
as their free and voluntary act and deed and that they have the authority to sign
on behalf of their respective principals.

This instrument refers to as a Deed of Assignment consisting of three (3)

pages, including this page wherein this Acknowledgment is written, has been
duly signed by the parties and their instrumental witnesses on each and every
page thereof.

WITNESS MY HAND AND SEAL at the place and on the date first above
written.
 ATTY. DIANNEE B. ROMANO
Unit 1608, 88 Corporate Center
Sedeno corner Valero Street
Salcedo Village, Makati City
1227 Metro Manila, Philippines

SC Roll No. 5010, May 2008

IBP Lifetime No.

05249, Metro Manila
Chapter
PTR No. 1136795, January 3, 2014

MCLE Compliance No. III-0000999,

October 3, 2011

(0917) 8510891

dianneeromano@gmail.com

NOTARY PUBLIC
Doc. No. ;
Page No. ;
Book No. ;
Series of 2015.
REPUBLIC OF THE PHILIPPINES}
} S.S.

SECRETARY’S CERTIFICATE

I, DINA L. LEGO, of legal age, single, with principal office/address at

Philippine First Building, 6764 Ayala Avenue, Makati City, on the basis of the
corporate records, do hereby certify that:

1. I am the Corporate Secretary of CALPINE TECH CORPORATION, herein

referred to as the “corporation”, an organization duly organized and
existing under and by virtue of its registration with the Securities and
Exchange Commission, with principal office/address at Philippine First
Building, 6764 Ayala Avenue, Makati City.

2. At a regular/special meeting of the Board of Directors of said corporation

held on 1st day of February, 2015, at which meeting a quorum was present
and obtained throughout, the following resolution was unanimously
adopted:

“RESOLVED as it is hereby RESOLVED, allowing the tender of payment

of the loan of KRISTINA MORAN by way of Dacion En Pago, a property
situated in Block 2, Lot 4, Villa Maria Magdalena Subd., Barangay San
Juan, Balagtas, Bulacan, with an area of ONE HUNDRED SQUARE
METERS (100 sq.m), covered by TCT No. 14344, by way of which includes
but not limited to, executing a Deed of Assignment in favor of the said
corporation.”

“RESOLVED, FURTHER, granting authority to MISTER YOSO, the

President of the said corporation, to sign, execute and deliver any and all
documents including but not limited to a Deed of Assignment in favor of
the said corporation pursuant to the Dacion En Pago arrangement
between the said corporation and KRISTINA MORAN.”
 3. The foregoing resolution has not been revoked, amended or in any
manner modified and accordingly, the same may be relied upon until a
written notice to the contrary is issued by the corporation.

IN WITNESS WHEREOF, I have hereunto set my hand this 1st day of

February,
2015.

DINA L. LEGO
Corporate Secretary

ATTESTED:

BOARD OF DIRECTORS

MISTER YOSO BRUCE BANNER

JON SNOW SANSA STARK

SUBSCRIBE AND SWORN to before me this day 1st of February, 2015 at

Makati City, affiant exhibiting to me her Driver’s License No. C0-2658-265
issued at Makati City on December 1, 2013.

NOTARY PUBLIC
ATTY. DIANNEE B. ROMANO
Unit 1608, 88 Corporate Center
Sedeno corner Valero Street
Salcedo Village, Makati City
1227 Metro Manila, Philippines

SC Roll No. 5010, May 2008

IBP Lifetime No.

05249, Metro Manila
Chapter
PTR No. 1136795, January 3, 2014

MCLE Compliance No. III-0000999,

 October 3, 2011

(0917) 8510891

dianneeromano@gmail.com

Doc. No. ;
Page No. ;
Book No. ;
Series of 2015
CALPINE TECH CORPORATION
Philippine First Building, 6764 Ayala Avenue, Makati City,
Philippines Tel. No. (632) 870-6689
Fax No. (632) 899-5463
Email: calpinetechcorp@gmail.com

BOARD RESOLUTION NO.

23 SERIES OF 2015
AN ACT CONSENTING TO DACION EN PAGO

WHEREAS, for the CALPINE TECH CORPORATION to avoid any future

casualty or damage due to the non-payment of KRISTINA MORAN of her loan
to the said corporation amounting to P515,000.00;

WHEREAS, to assure the stockholders, creditors or any person who has interest
over the said corporation that the business will not be prejudiced whatsoever nor
incur delay in its operations;

WHEREFORE, be it RESOLVED as it is hereby RESOLVED, allowing the tender

of payment of the loan of KRISTINA MORAN by way of Dacion En Pago, a
property situated in Block 2, Lot 4, Villa Maria Magdalena Subd., Barangay San
Juan, Balagtas, Bulacan, with an area of ONE HUNDRED SQUARE METERS
(100 sq.m), covered by TCT No. 14344, by way of which includes but not limited
to, executing a Deed of Assignment in favor of the said corporation.”
It is hereby certified by the undersigned that the foregoing resolution was duly
passed by the Board of Directors of the above-named corporation on the 15th day
of January, 2015, in accordance with the By-Laws and the Articles of
Incorporation of the Corporation as well as the laws governing the Corporation
and that the said resolution has been duly recorded in the Minutes and is in full
force and effect.

BOARD OF DIRECTORS

MISTER YOSO BRUCE BANNER

JON SNOW SANSA STARK

CALPINE TECH CORPORATION
Philippine First Building, 6764 Ayala Avenue, Makati City,
Philippines Tel. No. (632) 870-6689
Fax No. (632) 899-5463
Email: calpinetechcorp@gmail.com

BOARD RESOLUTION NO.

24 SERIES OF 2015

GRANTING AUTHORITY TO THE PRESIDENT TO EXECUTE DACION EN

PAGO

WHEREAS, to better assess and act in haste, the facts and circumstances
surrounding the arrangements to be made pursuant to the payment by Dacion
En Pago between CALPINE TECH CORPORATION and KRISTINA MORAN,
regarding her loan, be it:

RESOLVED as it is hereby RESOLVED, granting authority to MISTER YOSO,

the President of the said corporation, to sign, execute and deliver any and all
documents including but not limited to a Deed of Assignment in favor of the said
corporation pursuant to the Dacion En Pago arrangement between the said
corporation and KRISTINA MORAN.”

It is hereby certified by the undersigned that the foregoing resolution was duly
passed by the Board of Directors of the above-named corporation on the 30th day
of January, 2015, in accordance with the By-Laws and the Articles of
Incorporation of the Corporation as
well as the laws governing the Corporation and that the said resolution has
been duly recorded in the Minutes and is in full force and effect.

BOARD OF DIRECTORS

MISTER YOSO BRUCE BANNER

JON SNOW SANSA STARK