Deed of Assignment

DEED OF ASSIGNMENT OF CREDIT KNOW ALL MEN BY THESE PRESENTS:

This Deed of Assignment, made and entered this 4 th day of May, in Baguio City, Philippines, by and between: RON JAMIERRE N. TABINGAN, of legal age, Filipino, single, with

reside residene ne addres addresss at !o" #4$% #4$% Tran Trano&i o&ille lle,, Baguio BaguioCit City y, herein hereinaft after  er  referred to as the ASSIGNOR ' and legall age, age, Fili Filipi pino no,, sing single le,, with with ALF ALF GE GERAL RALD D U. PALI LISPI SPIS S, of lega residene address at !o" 44 (risan, Baguio City, hereinafter referred to as the ASSIGNEE'

WITNESSETH: THAT

WHEREAS,  the A))(*!+ is the owner of #$,$-. ommon shares

/0)1A2),0 for short3 with a par &alue of +ne 1undred Pesos /P%%"%%3 in B5A62 7 C+MPA!8 )2C9(T(2) C+P+AT(+!, a orporation duly organied and e;isting under Philippine law, with business address at 9nit %$, Porta
WHEREAS, the A))(*!+ is willing to assign, and the A))(*!22

willing to aept, all of the A))(*!+=s #$,$-. )1A2) by way of this instrument'

the A))(* ))(*!+ !+  does does here hereb by A))(* ))(*!, !, NOW, NOW, THEREFO THEREFORE RE, the C2D2 C2D2,, TA!) A!)F2 F2  and and C+!< C+!<28 28 in a mann manner er that that is abso absolu lute te and and irre irre&o &oa abl blee the the )1A )1A2) 2) unto unto the the A))(* ))(*!2 !22 2 to the the e;te e;tent nt of the the outstanding balane of the A))(*!+=) loan with the A))(*!22, free from all liens and enumbranes"

Any and all e;penses inidental to the on&eyane and registration of  the the trans ransfe ferr from from the the name name of the the A))(* ))(*! !+ to the the name ame of the the A))(*! A))(*!22, 22, suh suh as doume doumenta ntary ry stamp stamp ta;, ta;, transf transfer er fees, fees, regist registrat ration ion e;pe e;pens nses es and and the the li>e li>e shal shalll be the the sole sole and and e;l e;lus usi& i&ee ao aoun untt of the the

A))(*!22, e;ept for the apital gains ta;, if any, whih shall be for the sole aount of the A))(*!+"

IN WITNESS WHEREOF , the parties ha&e hereunto signed this

D22D +F A))(*!M2!T on the date and plae first abo&e written"

RON JAMIERRE N. TABINGAN

Assignor 

ALF GERALD U. PALISPIS

Assignee

)igned in the presene of:

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?????????????????????????? 

epubli of the Philippines3 Baguio City 3 )")"

ACKNOWLEDGEMENT

BEFORE ME, a !otary Publi for and in the City of Baguio this 4 th

day of May #%@, personally appeared:

Name

+! AM(22 !" TAB(!*A! A5F *2A5D 9" PA5()P()

Iden!"!#a!$n Ca%d

I&&'ed On(A

T(! !o" %$#4-@

#%$EBaguio City

T(! !o" %$4#.4-@

%E Baguio City

>nown to me to be the same persons who e;euted the foregoing Deed of  Assignment, onsisting of three /3 pages, inluding this page, and they a>nowledged to me that they e;euted the same as their free and &oluntary at and deed" IN WITNESS WHEREOF, ( ha&e hereunto set may hand and

affi;ed my notarial seal this 4 th day of May #%@, Baguio City, Philippines"

TYLER G. DUMAGOSO

 !otary Publi My Commission 2;pires on Deember , #%@ 9nit #%, Porta
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