CONTRACT TO SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale made and executed this _____ day of _______________________ at Cagayan de Oro City, by and between:

WILFRED E. NAONAO, married to JAYZEL M. NAONAO of legal age, Filipino, with address at Flat 702 Afra Bldg. Al Rigga Deira Dubai, hereinafter referred to as the SELLER;

-and-

LARRY S. SALANGAD, married to WENDELIN NAONAO-SALANGAD, Filipino citizen and resident of Gusa, Cagayan de Oro City, hereinafter referred to as the BUYER;

-WITNESSETH: That –

WHEREAS, the SELLER is the Absolute and Registered Owner of a parcel of land situated at Gusa, Cagayan de Oro City, identified as Lot 6, Block 10, PSD-10-015316, being portion of Lot 2291-D, PSD-10-015287, with an area of 84 sq.m. more or less covered by TCT No. 137-2012008361 more particularly identified as follows:

TRANSFER CERTIFICATE OF TITLENo. 137-2012008361

A PARCEL OF LAND (LOT 6, BLOCK 10, PSD-10-015316, BEING A PORTION 2291-D, PSD-10-015287), SITUATED IN THE BARRIO OF GUSA, CITY OF CAGAYAN DE ORO, ISLAND OF MINDANAO, BOUNDED ON THE SE., ALONG LINE 2-3 BY THE LOT 9; ON THE SW., ALONG LINE 3-4 BY LOT 4; ON THE NW., ALONG LINE 4-1 BY LOT 5; ON THE NE., ALONG LINE 1-2 BY LOT 8, ALL OF BLOCK 10 OF THE SUBDIVISION PLAN PSD-10-015316 BEGINNING AT THE POINT MARKED “1” ON THE PLAN BEING S. 14 DEG. 13’E., 198.10M FROM BBM NO. 6 CAD-237, CAGAYAN CADASTRE.

WHEREAS, the SELLER is interested to sell, and the BUYER is willing to buy the above-described parcel of land, including improvements thereon;

NOW THEREFORE, for and in consideration of the sum of pesos EIGHT HUNDRED THOUSAND ONLY (800,000.00), receipt of which is hereby acknowledged by the SELLER to his entire satisfaction, the SELLER does hereby SELL, TRANSFER, and CONVEY unto the BUYER, their heirs and assigns, the foregoing parcel of land free from all liens and encumbrances.

The SELLER warrants that it has title to the property, that it is free from any claims whatsoever, that it is not subject to any existing lien or encumbrances.

IN WITNESS THEREOF, the parties have hereunto set their hands in this day of ____________________________ at Cagayan de Oro City.

WILFRED E. NAONAO LARRY S. SALANGADSeller Buyer

JAYZEL M. NAONAO Wife

Represented by:

CELESTIAL E. NAONAO

Signed in the presence of:

_____________________________________________ __________________________________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) ) S.S.

BEFORE ME, a Notary Public for and in above jurisdiction, this ____________________________________, personally appeared:

Name Comm. Cert. No. Date/Place of Issue

WILFRED E. NAONAO ___________________________ ____________________________________________

Known to me and to me known to be the same persons who executed the foregoing instrument and they acknowledged to me that the same are their own free and voluntary act and deed.

This instrument consisting of two (2) pages including this page whereon the acknowledgment clause is written, signed by the parties together with their instrumental witnesses on each and every page hereof, sealed with my notarial seal, refers to a Deed of Absolute Sale.

WITNESS MY HAND AND SEAL on the date and place first above written.

Doc No. ___________Page No. ___________Book No. ___________Series of ___________