DEED OF RELINQUISHMENT AND TRANSFER OF RIGHTS AND INTEREST

KNOW ALL MEN BY THESE PRESENTS:

This Deed, made and executed by and between:

(insert name of transferor) of legal age, Filipino, single/married to _______________ and a resident of _________________, hereinafter referred to as the TRANSFEROR;

and

(insert name of transferor), of legal age, Filipino, single/married to ____________ and a resident of _____________, hereinafter referred to as the TRANSFEREE;

WITNESSETH:

WHEREAS, the TRANSFEROR, is the bona fide occupant and possessor of right over a parcel of land described as:

(enter description of land)

WHEREAS, the TRANSFEROR desires to WAIVE, RELINQUISH, RENOUNCE and TRANSFER her rights, interests over said property above-described;

NOW, THEREFORE, for and in consideration of the sum of (insert amount in words ) (insert amount in numbers ex. Php55,000.00) PESOS, Philippine Currency, in hand paid by the Transferee to the Transferor, receipt hereof is hereby acknowledged, the latter hereby TRANSFER, WAIVES, RELINQUISHES AND RENOUNCES all his/her rights and interests over a portion of the above-said parcel of land containing an area of _______________ square meters, more or less, to and in favor of the transferee, her heirs, successors-in-interests and assigns, free from all liens and encumbrances.

The TRANSFEROR hereby warrants peaceful and lawful possession and enjoyment of the said property herein transferred and conveyed and shall defend Transferees rights against claims of any person whomsoever.

IN WITNESS WHEREOF, the parties have hereunto set their hands this _____ day of __________ , 2006 at _____________.

__________________ Transferor

_________________ Transferee

With My Marital Consent

______________ Spouse of Transferor

SIGNED IN THE PRESENCE OF : _____________ and ____________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) CITY OF ________ )SS.

X----------X BEFORE ME, a Notary Public for and in the City of _____________, Philippines this ____ day of ___________ , 2006 personally appeared the following with their Community Tax Certificates Number to wit:

Name

Community Tax Certificate No.

Date of Issuance

Place Issued

both known to me and to me known to be the same persons who executed the foregoing instrument and they acknowledged to me that the same are their own free and voluntary act and deed.

This instrument consist of two (2) pages including this page in which this acknowledgment is written and duly signed by the parties together with their witnesses on each and every page hereof.

Doc No. _______; Page No. ______; Book No. ______; Series of 2006.