DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS: This Deed of Absolute Sale, made and entered this ____ day of March 2000, in Quezon City, Metro Manila, by and between: CONCHITA L. HANOPOL, of legal age, Filipino, widow, and with postal address at No. 33, Kamias Road, Quezon City, hereinafter referred to as the SELLER; and STANFORD LEE, of legal age, Filipino, with residence address at 58 Kamagong Street, Ayala Alabang Village, Muntinlupa City, Metro Manila hereinafter referred to as the BUYER. WITNESSETH: THAT WHEREAS, the SELLER is the registered lawful and actual possessor of a certain parcel of land situated in San Pablo City, Province of Laguna, and more particularly described and bounded as follows:

TCT No. T-9132 A PARCEL OF LAND (Lot 32 of the consolidation-subdivision plan (LRC) Pcs-5141, being a portion of the consolidation of Lots 1 and 2, Psu-112287 Amd., LRC (GLRO) Rec. No. N-17511), situated in the Dist. Of Concepcion, City of Sta. Rosa, Laguna, Island of Luzon. Bounded on the NE., points 3 to 6, by Lot 85; on the S., points 6 to 1 by Lot 30; on the SW., points 1 to 2, by Lot 31; and on the N., points 2 to 3 by Lot 35, all of the consolidation-subdivision plan. Beginning at a pont marked "1" on plan, being N. 51 deg. 36' E., 1321.76 m. from B.L.L.M. No.1, Sta. Rosa, Laguna xxxxxxxx (a copy of which title is hereto attached as Annex "A")

WHEREAS, the SELLER is willing to sell and the BUYER is willing to buy the above-described real estate property; NOW, THEREFORE, for and in consideration of the amount of FIVE HUNDRED THOUSAND PESOS (P500,000.00), Philippine Currency, receipt in full is hereby acknowledged by the SELLER to her satisfaction, the SELLER SELLS, CEDES, TRANSFERS and CONVEYS in a manner that is absolute and irrevocable the above real property unto the BUYER, his heirs, assigns and successors-in-interest. The SELLER warrants that she can transfer the title and possession of the aforesaid real estate property to the BUYER and that there are no other transactions pending registration with the Registry of Deeds in Sta. Cruz, Laguna that will adversely affect the rights of the BUYER. THAT any and all expenses incidental to the registration and conveyance of the title from the name of the SELLER to the name of the BUYER such as Transfer Tax, Documentary Tax, registration expenses and the like shall be the sole and exclusive account of the BUYER: provided, that capital gains tax shall be for the account of the SELLER. IN WITNESS WHEREOF, the parties have hereunto signed this DEED OF ABSOLUTE SALE this _____ day of March 2000 at the date and place first above mentioned.

CONCHITA L. HANOPOL STANDFORD LEE Seller Buyer TIN No: TIN No.: Signed in the presence of: ___________________________ __________________________

ACKNOWLEDGEMENT
Republic of the Philippines) Quezon City, Metro Manila ) S.S.

BEFORE ME, a Notary Public for and in Quezon City, Metro Manila, personally appeared: Name CTC No. Place Date Conchita L. Hanopol Stanford Lee known to me to be the same persons who executed the foregoing document of DEED OF ABSOLUTE SALE and they acknowledged to me that they executed the same as their free and voluntary act and deed. I HEREBY CERTIFY that the foregoing document consists of three (3) pages including this page, and that the parties and their witnesses signed their names and on one (1) parcel of land covered by TCT No. T9132 of the Registry of Deeds of San Pablo City. IN WITNESS WHEREOF, I have hereunto set may hand and affixed my notarial seal this ____ day of ____________ 2000.

Doc. No. ____; Page No. ____; Book No. ____; Series of 2000.