DEED OF SALE OF SHARES OF STOCK and CONTRIBUTIONS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Sale of Shares of Stock and Contributions, made and executed this
_________________ in ____________________________, by and between:

B, S, S, all are residents of No. 1, Tindalo Drive, Sagana Remville Homes,

Habay, Bacoor, Cavite,M,N,O all are residents of #7 Magnolia St. DMS Las Piñas,
Metro Manila, all of legal age and Filipino citizens hereinafter referred to as the
“SELLERS”;
- and -
EN, Filipino, of legal age, and with office address at NPCMST, Lingsat,
San Fernando City, La Union, Philippines, hereinafter referred to as the
“BUYER”;

WITNESSETH: That -

WHEREAS, B, S, S each has subscribed to Thirteen Thousand Eight Hundred Eighty

Seven (13,887) shares of stock in QSM REALTY DEVELOPMENT CORP. , a corporation duly
organized and existing under and by virtue of the laws of the Republic of the Philippines, with
office address at Barangay Cayanga, San Fabian, Pangasinan, Philippines;

WHEREAS, M,N,O contributed a total of Two Hundred Fifty Thousand Peso

(P250,00.00), Fifty Thousand Peso (P50,000.00), Fifty Thousand Peso (P50,000.00), and Five
Thousand Peso (P5,000.00) respectively, to FAR EAST MARITIME FOUNDATION, INC. , a
corporation duly organized and existing under and by virtue of the laws of the Republic of the
Philippines, with office address at Room 904, Victoria Bldg., U.N. Ave., Ermita, Manila,
Philippines;

WHEREAS, P has subscribed to a total of Five Thousand (5,000) shares of stock, of

FAR EAST MARITIME ACADEMY & TECHNOLOGICAL CORP., a corporation duly organized
and existing under and by virtue of the laws of the Republic of the Philippines, with office
address at No.26 Barangay Cayanga, San Fabian, Pangasinan, Philippines;

WHEREAS, the Sellers desire to sell, cede, transfer and convey their respective shares ,
as well as all the rights and obligations appurtenant thereto, to the Buyer and the Buyer is
willing to buy and acquire the Subject Shares, under the terms and conditions set forth herein;

NOW, THEREFORE, for and in consideration of the premises and mutual covenants
herein, the parties hereby agree as follows:

Section 1. Sale. - Subject to Section 2 hereof, the Seller, for valuable consideration,
hereby unconditionally sells, cedes, transfers and conveys, and the Buyer hereby purchases, the
Subject Shares and Contributions, free and clear from any and all liens or encumbrances.

Section 2. Purchase Price. - As full payment for all the Subject Shares and
contributions, the Buyer shall pay the Seller the full amount of Five Million Twenty One
Thousand One Hundred Pesos (P5,021,100.00), Philippine currency, receipt of which in full is
hereby acknowledged by the Seller.

Section 3. Warranties. - The Seller warrants and represents that the Subject
Shares are free and clear from any and all liens and encumbrances, and that it has full power
and authority to transfer the same.

Section 4. Release and Discharge. – The Buyer, upon execution of this Deed,
hereby undertakes to guarantee and assume all the obligations of the Seller arising out of or in
connection with the latter’s ownership and interests over the Subject Shares and contributions.
Accordingly, the Buyer hereby releases and discharges the Seller from any liability arising out of
or in connection with the Subject Shares and Contributions which were made known to him
prior to the execution of this document.
1
 Section 5. Irrevocable Proxy. - Upon the signing of this Deed, the Seller hereby
appoints the Buyer as its duly constituted PROXY, with full power and authority to represent
and vote the Subject Shares and contributions at any and all stockholders’ or members’
meetings, or at any adjournment thereof, on all matters that may be brought before said
meetings, including the election of directors and trustees, as fully to all intents and purposes as
the Seller might do if present and acting.

Section 6. Taxes and Other Expenses. - The capital gains tax, documentary
stamp tax and all other expenses due from the transfer and sale of the Subject Shares and
contributions, if any, shall be for the account of the Seller.

Section 7. Authority to Transfer. - The Corporate Secretaries of all the

corporation and foundation concerned are hereby authorized to transfer the Subject Shares and
contributions in the name of the Buyer in the books of the Corporation or Foundation
concerned.

IN WITNESS WHEREOF, the parties have affixed their signatures on the date and at
the place first written above.

SELLER SELLER SELLER BUYER

TIN: _______________ TIN: _________________ TIN: _______________ TIN: _________________

SELLER
TIN: _________________ SELLER SELLER
TIN: ______________ TIN: _______________

Signed in the presence of:

_________________________ _________________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

_________________________________)
_________________________________) S.S.

BEFORE ME, this ______________ in__________________, personally appeared:

SELLER SELLER SELLER BUYER

TIN: _______________ TIN: _________________ TIN: _______________ TIN: _________________

SELLER
TIN: _________________ SELLER SELLER
TIN: _______________ TIN: _______________

all personally known to me and to me known to be the same persons who executed the
foregoing instrument with their competent evidence of identity indicated below their names and
they acknowledged to me that the same is their free and voluntary act and deed, as well as the
Corporation herein represented.

This instrument refers to a Deed of Sale of Shares of Stock, which consists of two
(2) pages, including the page whereon the acknowledgment is written, and which is signed by
the parties and their instrumental witnesses.

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

Doc. No. ;
Page No. ;
Book No. ;
Series of 2018.