DEED OF EXTRAJUDICIAL SETTLEMENTOF THE JOINT ESTATES OF THE LATE JOHN Q. TAXPAYER

AND JANE Q. TAXPAYER

KNOWN TO ALL MEN BY THESE PRESENTS:

This Deed of Extrajudicial Settlement of the Joint Estates of the spouses John Q. Taxpayer and Jane Q. Taxpayer (this “Deed”) is made and entered into this 23 rd day of February 2015, by and among:

JUSTIN Q. TAXPAYER, of legal age, Filipino, single with residence at Room 201, Malcolm Hall, University of the Philippines, Diliman, Quezon City;

MICHAEL Q. TAXPAYER, of legal age, Filipino, single with residence at Room 202, Malcolm Hall, University of the Philippines, Diliman, Quezon City;

GERARDO Q. TAXPAYER, of legal age, Filipino, single with residence at Room 203, Malcolm Hall, University of the Philippines, Diliman, Quezon City;

and

TRIXIE Q. TAXPAYER, of legal age, Filipino, single with residence at Room 204, Malcolm Hall, University of the Philippines, Diliman, Quezon City;

(the aforementioned shall hereinafter be collectively referred to as the “Heirs”.)

WITNESSETH: That –

WHEREAS, on 1 September 2013, Jane Q. Taxpayer passed away intestate, a copy of her certificate of Death is attached hereto as Annex “A”;

WHEREAS, Jane Q. Taxpayer was survived by her husband, John Q. Taxpayer, and the Heirs, namely Justin Q. Taxpayer, Michael Q. Taxpayer, Gerardo Q. Taxpayer, and Trixie Q. Taxpayer, the legitimate and only children of the late spouses John and Jane Taxpayer;

WHEREAS, on 27 August 2014, while the Heirs were in the process of setting the estate of Jane Q. Taxpayer, John Q. Taxpayer passed away intestate, a copy of his Certificate of Death is attached herein as Annex “B”;

WHEREAS, Mr. John Q. Taxpayer was survived by the Heirs;

WHEREAS, the spouses, John Q. Taxpayer and Jane Q. Taxpayer left the real and personal properties which are identified and described in Annex “C” hereof;

WHEREAS, Justin Q. Taxpayer has advanced the sum of P2,000,000.00 to cover the medical, funeral and other related expenses of the late spouses John and Jane Taxpayer:

WHEREAS, the aforesaid spouses left no doubts to third parties;

WHEREAS, it is in the best interest of the Heirs to divide, partition and adjudicate among themselves the joint estates of John Q. Taxpayer and Jane Q. Taxpayer (hereinafter referred to as the “Joint Estates”), and to repay Justin Q. Taxpayer the aforementioned advances he has made;

NOW, THEREFORE, for and in consideration of the foregoing premises, the Heirs have agreed, as they hereby do so agree, to divide, partition and adjudicate the Joint Estates among themselves in the manner provided in Annex “C” hereof; subject to the contingent liabilities to creditors, heirs or other persons who might have been deprived of lawful participation in the joint estates of John Q. Taxpayer and Jane Q. Taxpayer, either singly or jointly, as the case may be, for a period of two (2) years from and after the settlement and distribution thereof, in accordance with the provisions of the Revised Rules of Court of the Philippines.

The Heirs agree that the partition of the Joint Estates as described in the Deed and Annex “C” hereof is in full satisfaction of their respective legitimes and what he/she may want from the Joint Estates.

In the remote event that any property of the joint estates of the late spouses John and Jane Taxpayer, whether real or personal property, cash or money in whatever form, share or securities, or any property of whatever kind, should ever be found but which is not included herein, the Heirs further agree, as they hereby agree, to settle, distribute and adjudicate the same as follows: 0.25 to Justin Q. Taxpayer; 0.25 to Michael Q. Taxpayer; 0.25 to Gerardo Q. Taxpayer; and 0.25 to Trixie Q. Taxpayer.

The Heirs hereby agree to repay Justin Q. Taxpayer the advances he has made for the funeral, medical and other expenses of the late Spouses John and Jane Taxpayer.

IN WITNESS WHEREOF, the Heirs have hereunto set their hands on the date and place first written above.

JUSTIN Q. TAXPAYER MICHAEL Q. TAXPAYER

GERARDO Q. TAXPAYER TRIXIE Q. TAXPAYER

Signed in the presence of:

______________________ ______________________