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DEED OF SALE UNDER PACTO DE RETRO KNOW ALL MEN BY THESE PRESENTS: This Deed of Sale with Pacto

de Retro made and executed by and between:

Ray G. Salva, Filipino , of legal age, single, with residence and post-office address at Brgy. 20, Laoag City, hereinafter called the VENDOR, and

Antonio

B. Domingo, Filipino, of legal age, single, with residence and post-office

address at Brgy. 20, Laoag City, hereinafter called the VENDEE.

That the VENDOR is the absolute owner of a certain parcel of agricultural land, situated in Brgy. 20, Laoag City and more particularly described as follows, to wit:

OCT NO. P-2468 Of the Register of Deeds of Ilocos Norte A parcel of agricultural land (Lot 1-B-6) of the subdivision plan (LRA) PSD-371780, being a portion of Lot 1-B, (LRC) PSD-297695, LRC Rec. No. Free Patent, situated in Brgy. 20. Laoag City, Island of Luzon. Bounded on the NW., and NE., points 3 to 5, by property of Jose B. Nugueles; on the NE., points 5 to 6, by property of Antonio B. Hueva; on the SE, points 6 to 1, by Lot 1-B-5; on the SW., points 1 to 2, by lot 1-B-9; points 2 to 3, by lot 1-B-8; all of the subdivision plan with an area of more or less 280 sq.meters.

his title being evidenced by OCT No. P-2468 issued by the Register of Deeds of Ilocos Norte;

That the VENDOR, a retro, in executing this conveyance, hereby reserves the right to REPURCHASE and the VENDEE, in accepting the same, hereby obligates himself to RESELL, the property herein conveyed within the period of ten (10) years but not earlier than five (5) years from and after the date of this instrument, for the same price of ONE HUNDRED THOUSAND PESOS (P100,000.00), Philippine currency; Provided, however, that if the VENDOR shall fail to exercise his right to repurchase as herein granted within the period stipulated, then this conveyance shall become absolute and irrevocable, without the necessity of drawing up a new deed of absolute sale, subject to the requirements of the law regarding consolidation of ownership of real property. IN WITNESS WHEREOF, the parties hereto have hereunto set their hands this 14th day of February, 2014, in Laoag City, Philippines.

RAY G. SALVA (Vendor)

ANTONIO B. DOMINGO (Vendee)

SIGNED IN THE PRESENCE OF:

WILMA C.ESPEJO

JULIE JENNIFER S.TAPURO

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES ) PROVINCE OF ILOCOS NORTE ) S.S.) CITY OF LAOAG ) BEFORE ME this 15th day of February, 2014 in the City of Laoag, Province of Ilocos Norte, Philippines, personally appeared: NAME RAY G.SALVA ANTONIO B. DOMINGO ID NO. TIN NO. 245685698 TIN NO. 245786235

known to me to be the same persons who executed the foregoing instrument, and they acknowledged to me that the same is their free act and deed. IN WITNESS WHEREOF, I have hereunto set my hand, this 15th day of February, 2014 at Laoag City. SHERYLL ANN Y. RIN Notary Public,Until Jan. 31, 2016 PTR NO. 4591703, 1- 2,08 Atty.s Roll No. 33633 IBP OR # 708299, 01-03-14 Laoag City MCLE Compliance II-0011645, 8-17-13 Doc. No. 249; Page No. 69; Book No. 1; Series of 2014

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