RESCISSION OF CONTRACT (NAME OF FORMER BUYER) Address Sir /Madam: SPS. SALI M. ABDULLA and NENITA P.

ABDULLA (SELLER), has declared before me under Oath that on _________________, you executed a CONDITIONAL SALE AGREEMENT over one (1) parcel of land with them whereby they agrees to sell and for you to buy the said parcel of land known as Lot ___ , Blk. _____, covered by Transfer Certificate of Title No. _______ located at ________________________, together with all the buildings and improvements thereon, particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO. __________ A PARCEL OF LAND (Lot 8-A of the subd., plan (LRC) Psd-121752, being a portion of Lot 8, Block 17, Pcs-2710, LRC Cad. Rec. No. 55), situated in the City of Bacolod, Island of Negros. Bounded on the NE., points 2 to 3 by Street Lot 5, Pcs-2710; on the SE., points 3 to 4 by Alley 7, Pcs-2710; on the SW., points 4 to 1 by Lot 8-B of the subd. plan; and on the NW., points 1 to 2 by Lot 7, Block 17, Pcs-2710. Beginning at a point marked 1 on the plan x x x x x x x x x x to the point of beginning. Containing an area _______ ( ) square meters, more or less. That one of the conditions of the contract is to assume the mortgage of Spouses Abdulla with Bank of the Phil. Islands (BPI). That you have violated the terms and conditions of the above-mentioned conditional sale agreement by your failure to pay several monthly amortizations and interests of the mortgage property and is in fact in the process of foreclosure by the aforesaid Bank; That according to the said Conditional Sale Agreement you have executed, failure on your part to pay the required amortizations, the contract shall, at the option of the SELLER, be deemed and considered annulled, and that whatever amount you have paid with the SELLER shall be deemed forfeited and you also forfeit and waive whatever rights you have acquired over the above described property and its improvements; and that the SELLER shall be at liberty to dispose of the same as if the contract has never been made. NOW, THEREFORE, pursuant to the provisions of Article 1592 of the New CIVIL CODE, the undersigned NOTARY PUBLIC for and in Paranaque City, do hereby advise, make demand and serve notice upon you that effective _______________________, the aforementioned Conditional Sale Agreement dated ___________ over a parcel of land executed by an between your good selves and the SELLER, is hereby RESCINDED and ANNULLED. WITNESS MY HAND AND OFFICIAL SEAL this ________________________, in the City of ________________, Philippines. Notary Public Doc. No. Page No. Book No. Bacolod Series of ______; ______; ______; 2011. Until December 31, 2006 PTR No. 2252411 issued on January 3, 2006 at

REPUBLIC OF THE PHILIPPINES ) CITY OF ____________ ) S.S X - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X AFFIDAVIT We, SPOUSES SALI AND NENITA ABDULLA, both of legal age, Filipinos, and residents of __________________________, Philippines, after having been duly sworn to in accordance with law, depose and say: That on ____________ , (name of buyer) executed a Conditional Sale Agreement with us, entered as Doc. No. ____, Page No. ___, Book No. ___, series of ______, respectively, of the Notarial Register of _________________________, Notary Public for and in the City of _________ whereby we agrees to sell the residential lot/s in favor of ________________________, and for them to buy said parcel of lot, known as Lot ___ , Blk. __, covered by Transfer Certificate of Title No. _______ of the land records of ___________City, together with all the buildings and improvements thereon, located at ___________________________; That in the aforementioned contracts, we have stipulated , among other things, that (name of buyer) shall assume and pay the remaining loan mortgage with the BANK OF THE PHILIPPINE ISLANDS (BPI; That failure on the part of the buyer to pay several monthly amortizations, the contract shall be deemed and considered annulled, and said Buyer shall forfeit and waive whatever rights they might have acquired over the said property, and that we as owner of the said property, shall be at liberty to dispose of the same as if the contract has never been made; That the Buyer failed to pay several monthly amortizations and interest of the account and the Bank is in fact in the process of foreclosing the mortgage

and thus violated the terms and conditions set forth in the Conditional Sale Agreement;

said

That this affidavit is executed to form part of the Rescission thru Notarial Act of the aforementioned Conditional Sale Agreement as required by Article 1592 of the New Civil Code. IN WITNESS WHEREOF, we have hereunto affixed our signature this __________________________, at __________________, Philippines. SALI M. ABDULLA ABDULLA Affiant SUBSCRIBED AND SWORN to before me this __________________________, in the City of __________________, Philippines, affiant having exhibited to me their Identification Cards No. ___________ respectively. NENITA P. Affiant

Doc. No. _______; Page No. _______; Book No._______: Series of 2011.