DEED OF DONATION

KNOW ALL MEN BY THESE PRESENTS:

That I, JAMES KIRBY J. CALINGACION of legal age, Filipino, married, and a

resident of Ylagan St., San Carlos City, Negros Oriental, hereinafter referred to as the
DONOR, and FLAVIO ASCIERTO SA-AD, likewise of legal age, Filipino, married and
a resident of Mainit, Looc, Sibulan, Negros Oriental, hereinafter called the DONEE,
witnesseth:

That the DONOR is the registered owner of a motor vehicle, more particularly
described as follows:

MAKE: HONDA CHASSIS NO.: KTM10-066-030877

TYPE OF BODY: MC ENGINE NO. : KTM125ME-6030877
PLATE NO. : 4965FB CERT. OF REG. NO. : CR No. 7982681-0
MV FILE NO. : 0640-00000034407

That FOR AND IN CONSIDERATION of the DONEE'S trust, devotion and

affection shown to the DONOR, and as an act of gratitude and liberality on his part, the
DONOR hereby voluntarily GIVES, TRANSFERS, and CONVEYS by way of donation,
unto the said DONEE, the above described property, free from all liens and
encumbrances;

That the DONOR affirms that this donation is not made with intent to deceive his
creditors, and that he has reserved for himself sufficient funds and property;

That the DONEE hereby accepts and receives this donation made in his favor by
the DONOR, and hereby manifests his gratefulness for the latter's generosity;

That the DONOR acknowledges notice of this ACCEPTANCE of this donation by

the Donee.

IN WITNESS WHEREOF, both the DONOR and DONEE have hereunder

subscribed their names this _____ day of __________ 2010 at
_____________________________, Philippines.

JAMES KIRBY J. CALINGACION FLAVIO ASCIERTO SA-AD

DONOR DONEE

SIGNED IN THE PRESENCE OF:

1. ______________________________ 2. _________________________________

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Deed of Donation, page 2

A C K N O W L E D G M E N T

Republic of the Philippines)

Province of Negros Oriental)s.s.
________________……….)

BEFORE ME, this ___day of ___________, 2010, at _______________________

personally appeared the parties herein who exhibited their community tax certificates:

Name Com. Tax Cert./Passport No. Date and Place Issued

James Kirby J. Calingacion CTC No. 21471794 03-31-10, San Carlos City
Flavio Ascierto Sa-ad CTC No. 14314418 01-25-10 / Sibulan, Neg. Or.

all known to me to be the same persons who executed the foregoing Deed consisting of
two (2) pages, including this page of acknowledgement and all pages are duly signed by
them, together with their two (2) instrumental witnesses and that they acknowledged to
me that the same is there free act and voluntary deed.

WITNESS MY HAND AND SEAL, on the date and place, first above-written.

Doc,. No. ______;

Page No. ______;
Book No. ______;
Series of 2010.