DEED OF SALE

WITH RIGHT OF REPURCHASE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Sale with Right of Repurchase, made and executed by and between:

KLAY MALIGON, Filipino, of legal age, single with residence
at Pob. Kalibo, Aklan, Philippines, hereinafter referred to as the
VENDOR;

- and -

ANTONYA MASIGON, Filipino, of legal age, single, and with
residence at New Buswang, Kalibo, Aklan, Philippines,
hereinafter referred to as the VENDEE;

WITNESSETH; That:

WHEREAS, the VENDOR is the true and absolute owner of a certain parcel of land
covered by Transfer Certificate of Title No. 282-78328, situated in Toting Reyes. St. Kalibo,
Aklan, and more particularly described as follows:


(Technical Description of Property)

NOW, THEREFORE, for and in consideration of the amount of PESOS (P100,000),
Philippine Currency, receipt of which is hereby acknowledged by the VENDOR to his full and
complete satisfaction, the VENDOR does hereby SELL, TRANSFER, and CONVEY under
PACTO DE RETRO unto the said VENDEE, his heirs, successors and assigns, the above-
described parcel of land, free from any and all liens and encumbrances;

That the VENDOR, in executing this assignment and conveyance, hereby reserves the
right to REPURCHASE, and the VENDEE, in accepting the same, hereby obligates himself to
RESELL, RETRANSFER, and RECONVEY, the above-described parcel of land herein
conveyed within a period of 2 years from and after the date of this instrument, for the price of
Pesos (P100,000), Philippine Currency; Provided, however, that if the VENDOR shall fail to
exercise his right to repurchase by fully and completely paying the said price within the period
stipulated, then this conveyance shall become ABSOLUTE AND IRREVOCABLE, without
necessity of drawing up a new deed of absolute sale.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands this 22
nd
of
March at Pob. Kalibo, Aklan, Philippines.


KLAY MALIGON ANTONYA MASIGON
VENDOR VENDEE


SIGNED IN THE PRESENCE OF:



RICARDO MALAYA RUMBERT MOLAY

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)
PROVINCE OF AKLAN)SS.
X - -- - - - - - - - - - - - - - - - - - - - - -X

BEFORE ME, a Notary Public for and in the Municipality of Kalibo, Philippines this 22
nd
of
March personally appeared KLAY MALIGON and ANTONYA MASIGON
with their LTO Registration no. as follows:

Name of LTO Registration No. Date Issued Place Issued
KLAY MALIGON - 28273827382382
ANTONYA MASIGON - 78328763286323

known to me and to me known to be the same person who executed the foregoing instrument and
he/she acknowledged to me that the same is his/her own free and voluntary act and deed.


Doc. No. 5;
Page No.41 ;
Book No. 5 ;
Series of 2014.