KNOW ALL BY THESE MEN PRESENTS:
That WE, ARQUILITO CLAUDEN, SATURNINO TEBALAN, DOLORES COBELLO, VICTORIA BAHIAN, RUFO TEBALAN, ERA PALMA, JULIET PALMA CALUNOD, ANNE FE PALMA LORETO and PRIMO DOMINGUEZ, All of legal age, Filipino and residents of Maigo lanao Del Norte, by these presents, do hereby freely and voluntarily state and declare as follows:
That we are some of the descendants-heirs of the late Dionesio Kilat of Siquijor province.
That the late Dionesio Kilat left among others, a parcel of land containing and area of 48,831 square meters, situated in Bitaug Enrique Villanueva, Siquijor and declared for taxation in the name of the said deceased (Dionesio Kilat) (Lot 246).
That being the descendants- heirs of the deceased, we have agreed and decided,
1. That in the event that the above-mentioned parcel of land will be sold by agreement of all the heirs to any interested buyer, the selling price should be one ONE THOUSAND (P1,000.00) PESOS per square meter.
2. That if the purpose of the buyer of the land is to engage in mining to extract any mineral deposit in the land, we and the other heirs should be entitled to recieve THIRTY FIVE PERCENT (35%) every quincena from the buyer-miner on the net income to the mining operation of the land. This is in addition to the buying price of Thousand (P1,000.00) PESOS per square meter.
3 That if the purpose of the land is to develop the land to any business venture other than mining, we will not be entitled to the additional THIRTY FIVE PERCENT (35%) share as stated in paragraph 2 hereof.
4. That we have fully understood the terms of this agreement.
IN WITNESS WHEREOF, we have herunto set our signatures this 4th day of June, 2002 at Maigo Lanao Del Norte, Philippines.
Approved and sign as follows:
JULIET PALMA CALUNOD
ANNE FE PALMA LORETO
SULPICIO PALMA JUNIOR
LUCINA PALMA GYSEMAN
LYDIA CABILAO ROSAL
SIGNED IN THE PRESENCE OF:
REPUBLIC OF THE PHILIPPINES)
PROVINCE OF LANAO DEL NORTE
MUNICIPALITY OF MAIGO
BEFORE ME, on this 4th day of June, 2002 at Maigo, personally appeard with
their respective Com. Tax Cert. Nos. to wit:
Name C. T. C. # Date / Place of Issue
Arquilito Clauden ______________ __________________________________
Saturnino Tebalan ______________ __________________________________
Esperidion Tebalan ______________ __________________________________
Dolores Cobello ______________ __________________________________
Victoria Bahian ______________ __________________________________
Rufo Tebalan ______________ __________________________________
Era Ongui Palma ______________ __________________________________
Juliet Ongui Palma Calunod ______________ __________________________________
Anne Fe Ongui Palma Loreto_____________ __________________________________
Primo Kilat Dominguez _____________ __________________________________
all known to me to be the same person who executed the forgoing instrument and acknowledge to me that the same is their free act voluntary deed.
WITNESS MY HAND AND SEAL on the date and place first above-stated.
Doc. No. 301
SATURNINO P. MEJORADA
Page No. 61 NOTARY PUBLIC
Book No.Cvil UNTIL DECEMBER 31, 2002
Series of 2002 PTR No. 5448850-Jan 17, 2002
MAIGO, LANAO DEL NORTE
IBP OR No.510113-DEC 18,2002
LANAO DEL NORTE CHAPTER