DEED OF CONDITIONAL SALE

KNOW ALL MEN BY THESE PRESENTS:

This instrument, made and executed by and between  JOSE RIZAL, Filipino, of legal age, widower, resident of ABC Street, Jaro Iloilo City, Philippines, hereinafter called the VENDOR and   TANDANG SORA, Filipino,   of legal age,  married,  resident  of Leganes Iloilo, hereinafter called the VENDEE;

WITNESSETH:

          That the VENDOR is the owner of two (2) parcels of land  which are described as follows:

Parcel One:

         “ A parcel of land  ( Lot No. 1971, situated in Leganes Iloilo, containing an area of 347 square meters, more or less. Bounded on the N., by National Road; on the S., by Lot 1970; on the E., by Lot 1972 and on the W., by Lot 1959, covered by ARP/TD No. 05-024-0417 in the name of Gina Josefa Rizal, assessed in the sum of P13,880.00, tax effectivity for the year 2006.”

Parcel Two:

        “ A parcel of land  ( Lot No. 1813, situated in Leganes Iloilo, containing an area of 2,536 square meters, more or less. Bounded on the North by Lot No. 1812; on the South by Lot 1814; on the East by Lot 1811; and on the West by Lot No. 1816 , covered by ARP/TD No. 05-024-0883 in the name of Gina Josefa Rizal, assessed in the sum of P8,830.00, tax effectivity for the year 2006.”

        Of which parcels of land the VENDOR is the owner per that Deed of Absolute Sale executed on August 6, 2010 before Notary Public Apolinario Mabini, a notary public for and in Quezon City, per Doc. No. 21; Page No. 6; Book No. I; Series of 2010;

        That the VENDOR hereby sells to the VENDEE who agreed to buy  the above-described lands under the following terms and conditions, to wit:

1. That the total consideration of the sale is THREE HUNDRED THOUSAND PESOS ( P300,000.00);

2. That upon signing of this contract the VENDEE  shall pay the VENDOR  a down payment of P 100,000.00;  that the remaining balance shall be paid in full  upon transfer of  title and tax declaration in the name of the VENDEE;

3. That the VENDOR reserves his right of ownership over the subject lands   until full payment of the consideration;

4. That  all expenses   relative  to this sale shall be shouldered  by the VENDOR;

IN WITNESS WHEREOF, we have hereunto set our  hands this _______________   in Iloilo City, Philippines.

JOSE RIZAL                          TANDANG SORA              Vendor                                     Vendee

Page 2

Signed in the presence of:

1.__________________________  2. ______________________

REPUBLIC OF THE PHILIPPINES   ) PROVINCE OF ILOILO                       )S.S.MUNICIPALITY OF ILOILO CITY     )

BEFORE ME, this _________________  in Iloilo City, Philippines, personally appeared  the following persons with  their  CTC/ID  Nos. to prove their identity,  to wit:

Jose Rizal                 - Senior Citizen I.D No. 1111                Tandang Sora            - Senior Citizen I.D No. 1222  

All known to me to be the same persons who executed the foregoing instrument and they  acknowledged to me the same as their  free act and deed.

                                                                    Juan Dela CruzDoc. No.     11  ;                         Notary Public- Until December 31, 2012Page No.    11  ;                        Notarial Commission No. 11 (2011-2012)Book No.    111 ;                                   ABC Street, Jaro Iloilo City Series of 2011 .                     PTR No.1111111-PTO, Jaro Iloilo City-1/3/2011                                           Roll No. 11111 IBP OR No. 111111- 11/30/2010