KNOW ALL MEN BY THESE PRESENTS:

I, Juan dela Cruz, of legal age, Filipino, married and a resident of Lawa-an II, Talisay, Cebu, Philippines, do hereby name, constitute and appoint Pedro Penduko, of legal age, Filipino, single and a resident of Guadalupe, Cebu City, Philippines be my true and lawful attorney in-fact to act, for and in my stead, to do and perform the following acts deeds and things, to wit:

1. To sell, assign and dispose of a parcel of land covered by TCT No. 017820, situated at #1818 Lawa-an, Talisay City, Cebu including the improvements thereon under such terms and conditions acceptable to my Attorney-in-Fact;

2. To sign, execute and deliver the necessary Deed of Sale covering such sale including any and all documents that may be necessary or required thereto and to deliver possession of the property to said Vendee;

3. To receive the proceeds of the sale, either in cash or in check and to pay expenses for capital gains, real property tax and any and all such expenses that may be agreed upon between the vendee;

4. To do such any other act or thing that may be required necessary or incidental to carry out effectively any and all of the purposes for which this authority is hereby given;

HEREBY GIVING AND GRANTING unto my said attorney-in-fact full power and authority to do and perform any and every act, and thing whatsoever requisite and necessary to be done in and about the premises, as fully to all intents and purposes as I might or could lawfully do if personally present and hereby ratifying and confirming all that my said attorney-in-fact shall lawfully do or cause to be done by virtue of these presents. IN WITNESS WHEREOF, I have hereunto set my hand this 17th of July, 2012 at Cebu City, Philippines .

Juan dela Cruz Principal

SIGNED IN THE PRESENCE OF :

(Sgd.) Maria Labendera

and

(Sgd.) Perla White

ACKNOWLEDGMENT

Republic of the Philippines City of Cebu

) ) s.s.

BEFORE ME, this 17th day of July, 2012 in the City of Cebu, Philippines, personally appeared Juan dela Cruz, with Drivers License No. N25-07-007777 issued by the Land Transportation Office on 10 January 2008, known to me to be the same person who executed the foregoing instrument, and who acknowledged to me that the same is his free act and deed.

IN WITNESS WHEREOF, I have set my hand and affixed my Notarial Seal on the day, year and place written.

Atty. Pedro Penduko Notary Public Commission Serial No.32844 Until December 31, 2014 PTR No. 350 14 issued Jan. 3, 2011 IBP No. 451880 Roll No. 5678 MCLE No. 32155 Doc. No. 5 Page No. 3 Book No. 8 Series of 2012