CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract to Sell is entered and executed on 28th day of December 2016 at
Puerto Princesa City, Province of Palawan, Republic of the Philippines by and between:

OFELIA BLANCAS - LAYFIELD of legal age, Filipino citizen, married, with

residence and postal address at Pandalla, Nueva Ecija, Philippines and they are
hereinafter referred to as the VENDOR;

- AND -

ELENA PAYOT GABI, of legal age, Filipino citizen, single, with residence and
postal address at Alimanguan, San Vicente, Palawan, Philippines, hereinafter referred
to as the VENDEE;

WITNESSETH, that

WHEREAS, the VENDOR is the registered owner of One (1) Parcel of land and
improvements thereon, located at Brgy. Alimanguan, San Vicente, Palawan, Philippines
and more particularly described as follows, to wit:

WITNESSETH THAT:

1. FOR AND IN CONSIDERATION OF THE AGREED SUM

OF ONE MILLION EIGHT HUNDRED FIFTY THOUSAND PESOS
(P1,850, 000.00) Philippine currency, the VENDOR by these presents agree
to bind herself, her heirs and assigns, to SELL, CEDE, CONVEY AND TRANSFER
to the VENDEE the parcel of land covered by Katibayan ng Orihinal na Titulo
Blg. E- 34070 , Kaloob na Patente Blg. 045319 -09- 25896 issued by the
Registry of Deeds of the Province of Palawan, and more particularly described
as follows, to wit:

Katibayan ng Orihinal na Titulo Blg. E-34070

Kaloob na Patente Blg. 0453319-09- 25896
Lot No. 3052, Cad 860-D

Beginning at a point marked 1 of Lot 3052, CAD 850-D, Being,

N.38-26 E., 11,464.60 N, from BLLM No. I, CAD 860-D, San Vicente
Cadastre, San Vicente, Palawan:

Thence S. 09-37 W., 22. 96 m. to point 2;

N. 81-31 W., 28.51 m. to point 3;
N. 11- 28 E., 20.88 m. to point 4;
S. 87- 02 E., 28.05 m. to point 1 point of

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 Beginning. Containing an area of SIX HUNDRED NINE (609)
SQUARE METERS. All corners are marked on the ground by P.S.
Cyl. Conc. Mons (10,00 N. Wide) , on the South, along line 2-3 by
Barangay Road (10.00 m wide) on the West, along line 3-4 by
Imuruan Bay and on the West and on the North, along line 4-1 by
Lot 3053, Cad 860-D.

Bearings Grid.
This lot was surveyed in accordance with law and existing rules and
regulations promulgated thereunder by Mariano V. Elotilde on
February 8 to March 30, 1988 and was approved on May 22, 1989.

2. That the consideration shall be paid in the following manner:

2.1. Upon signing of this Contract, the VENDEE shall pay the VENDOR an
amount of EIGHT HUNDRED THOUSAND PESOS (P800,000.00) which
shall be the EARNEST MONEY in this sale;

2.2. The balance of ONE MILLION FIFTY THOUSAND PESOS (P 1,050,

000) shall be paid in the following manner:

APRIL 2017 FIVE HUNDRED THOUSAND PESOS (P 500,000.00)

JUNE 2017 SIX HUNDRED THOUSAND PESOS (P 550,000.00)

Provided that the VENDEE shall pay the VENDOR on the last week of the
month;

2.3. The Original of Owners Duplicate of OCT No. 3052 shall be surrendered
by the VENDOR to the VENDEE upon full payment of which shall be on or
before JUNE 2017;

3. That that upon signing this Contract the VENDOR shall allow the VENDEE to
occupy and develop the area after the illegal occupants have had cleared the
area;

4. All realty taxes, transfer taxes and special assessments, if any, imposed by the
government on the property, shall be on the account of the VENDEE, Provided that
the Capital Gains Tax and Documentary Stamp Tax shall be for the account of the
VENDOR;

5. That this agreement shall inure to the benefit of and be binding upon the parties
hereto and their respective legal representatives, heirs and assigns.

IN WITNESS WHEREOF, both parties have hereunto set their hands this 28th
day of December 2016, at Puerto Princesa City, Palawan, Philippines.

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 Vendor: Vendee:

OFELIA B. LAYFIELD ELENA G. TAN

Passport No. E- B6684535 Passport No. EC2952272

Signed in the presence of:

____________________________ _________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF PUERTO PRINCESA ) S.S.

BEFORE ME, a Notary Public in Puerto Princesa City and in the Province of
Palawan in this 28th day of December 2016, personally appeared the above-named
individuals with their competent evidence of their identification indicated below their
names who are known to me and to me known to be the same persons who executed
the foregoing CONTRACT TO SELL and have acknowledged to me that the same is
their free act and voluntary deed.

This instrument consisting of three (3) pages including this page whereon the
acknowledgment is written, has been signed by the parties and witnesses on each and
every page thereof, and relates to an Contract to Sell of a parcel of land.

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

Doc. No.:________
Page No.:________
Book No.:_______
Series of 2016.