CONTRACT OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Sale entered this ____ day of February 2022 by and between:

ERLINDA C. PEREGIL, Filipino, of legal age, single and a resident of Centro Norte,
Camalaniugan Cagayan, herein referred to as “SELLER”.

-and-

EMME TRADING CO., INC., a corporation duly organized and existing under and by
virtue of the laws of the Philippines, with business and postal address at 283 ML.
Quezon, Purok 4, Lower Bicutan, Taguig City, represented by MGen. GEORGE Q. PIANO
(Ret.), referred to as the “BUYER”.

WITNESSETH THAT:

1. THE SELLER - The Seller is the sole registered owner of a parcel of land subject of this
Contract.
2. SUBJECT PROPERTY - The subject property is an unregistered parcel of land covered by
Tax Declaration No. 143000 situated in Dammang, Camalaniugan, Cagayan more
particularly described and bounded as follows:
“Land designated as Lot No. 25, GSS-385 containing an area of 166,809 sq.m.
Bounded on the North, by Lot 2121; on the East, by lot 2344-D; on the South, by
Road; on the West, by Road; Declared for taxation under ARP No. 99-10014-
06226”

3. PURCHASE PRICE - The purchase price of the Subject Property is Thirty (Php 20.00)
pesos per square meter, for a total of ____________subject to the provisions of
paragraphs 4, 5, 6, and 7 hereof.

4. TAXES - BUYER will pay Documentary Stamp and Transfer Taxes, notarial services, and
registration.

5. TERMS OF PAYMENT - The purchase price shall be paid by the BUYER to the SELLER
under the following schedule:

DATE PARTICULAR AMOUNT REMARKS

Downpayment Upon signing of this
agreement
1st Installment Upon submission of complete
documents
 2nd Installment Signing of Deed of Sale or
related documents
TOTAL PhP 1,000,000.00

6. WARRANTIES - The SELLER warrant that:

a. They have valid, genuine, lawful, registerable, and absolute ownership of
the aforesaid property.
b. There are no legal impediments
c. That the BUYER shall, upon signing of this contract and made down
payment unto the SELLER, have peaceful and undisturbed possession of the
property.
d. That the parties upon full payment shall sign the Deed of Absolute Sale.
e. That the SELLER shall help the BUYER in the registration and land-use
conversion processes such as, but not limited to, supply of necessary
documentary requirements.

7. MISCELLANEOUS
a. The Parties hereby represent that this entire agreement has been read,
understood and accepted by them.
b. This instrument shall bind the parties, their heirs, successors-in-interest
and assigns, and embodies all the agreement between them, unless
amended by a subsequent agreement embodied in a public instrument.
c. Any modification, revocation or amendment to each or every stipulation
set forth above shall have no legal effect on either party herein unless
consented or ratified by both parties herein.
d. Nowhere from the stipulations set forth above shall be construed as a
waiver on the part of either party to institute legal action against each other
for the breach of any terms and conditions under this contract.

IN WITNESS WHEREOF, the parties have set their hands this _____ day of February
2022 in Camalaniugan Cagayan.

SELLER BUYER

ERLINDA C. PEREGIL EMME TRADING CO., INC

Represented by:

MGen. GEORGE Q. PIANO (Ret)

SIGNED IN THE PRESENCE OF:

________________________ ________________________
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

________________________ ) S.S.

BEFORE ME, on this ___________________ personally appeared the following

individuals with their respective valid competent proof of identification:

PARTIES: COMPETENT IDENTIFICATION:

ERLINDA C. PEREGIL
GEORGE Q. PIANO

known to me and to me known to be the same persons who executed the foregoing
Contract of Sale and they acknowledged before me that the same is their free and
voluntary act and deed.

This Contract of Sale consists of three (3) pages, including this acknowledgment page.

Doc. No.:_______
Page No.: _______
Book No.: _______
Series of 2022.