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WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

I, ROSALINA ECOM, of legal age, Filipino citizen, widow, and a residentof Loakan Proper, Baguio City. I am the owner of that certain parcel of landcovered and embraced under ASSESSMENT REAL PROPERTY No. 2006-06-017-53692, with an area of TWO THOUSAND NINE HUNDRED FOURTEEN92,914) SQUARE METERS more of less, located at Loakan-Liwanag, BaguioCity and particularly bounded as follows:

NORTH : ASS. LOT NO. L001 SOUTH: ASS. LOT NO. L049EAST : ASS. LOT NO. L049 WEST : ASS. LOT NO. L001

I hereby WAIVE, TRANSFER and CEDE a portion with an aggregatearea of ONE HUNDRED (100) SQUARE METERS more or less, particularlydescribed in Tax Declaration hereto attached and marked as Annex A andmade part of this document, unto JAMES BAGSINGIT, of legal age, married,Filipino Citizen with residence and postal address at Maridith, Loakan, BaguioCity, all my rights and participation over the aforementioned propertypertaining to the 100 square meters, he being related to me by consanguinity;

For and in consideration of the foregoing premises, I, the said OWNER,have transferred, released, assigned and waived, and by these presents, doherebyWAIVE, without warranty of any nature or kind, unto and in favor ofthe said JAMES BAGSINGIT, his heirs and assigns, all my rights and interests,which I have over the above-described (portion) parcel of land; and

By virtue of this WAIVER, among other rights appurtenant thereto, hemay apply for ELECTRICITY CONNECTION with the concerned agency.

I have freely and voluntarily executed this WAIVER without anyone

coercing and influencing me.

IN WITNESS WHEREOF, I have hereunto set my hand this___th day of_________________, 20____, at _________________________, Philippines.

ROSALINA ECOMWaivor

CTC. No. ______________

Issued on: _____________Issued at: _____________

Conforme:

JAMES BAGSINGIT

Waivee

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Signed in the Presence of:

__________________________ _______________________

ACKNOWLEDGEMENT

Before me a notary public this ____day of _________________, 20___ at____________________________________, Philippines appeared the aforementionedparty with her Community Tax Certificate number indicated below her nameand represented herself to me to be the same person who executed theforegoing instrument and she acknowledge to me that the same is hervoluntary act and deed.

This instrument, which refers to a WAIVER OF RIGHTS, consisting ofTWO (2) pages, including this page whereon this acknowledgement is written,has been signed in my presence on each and every page thereof by the partyand his witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEALthis ____day of _________________20___,at ______________________________________, Philippines.

Doc. No. ______;Page No. ______;Book No. ______;Series of 20____.

ROSALINA ECOMWaivor

Witnesses:

__________________ ___________________