CANCELLATION OF CHATTEL MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

THAT _____________________________, an entity duly organized under the laws of

the Philippines, with office at ____________________________, is the Mortgagee/Assignee of
that certain personal property(ies) described in the chattel mortgage executed in its favor by
________________________________________, with postal address at
__________________________________________________________ on ______________,
duly acknowledge before Notary Public ____________, as Doc No. ___, Page No. ___, Book
No. ____; Series of ______; of his/her Notarial register.

DESCRIPTION OF PROPERTIES MORTGAGED:

Unit 1 Unit 2

Brand :
Type of Body :
Motor No. :
Chassis No. :
Fuel Type :
Transmission :
No. of Cylinders:
MV File No. :

THAT having received the full consideration mentioned as condition in the said chattel
mortgage, Mortgagee/Assignee does hereby release and cancel the same.

IN WITNESS WHEREOF, the Mortgagee/Assignee has caused this instrument to be

executed and issued by its authorized officers this ____________________, in the City of
_______.

Registry of Deeds of ________ ________ BANKING CORPORATION

On _________ By:
Under Inscription No. _______
Page No. ___ ___________________
Volume No. ___ Manager
File No. _______

WITNESS

------------------------- -------------------------

REPUBLIC OF THE PHILIPPINES)

C I TY O F DAVAO ) S.S.

BEFORE ME, a Notary Public for and in the Davao City, this _______________day of
_____________. 200 , personally appeared _____________, with Res. Cert # _________ issued
on _______________ in Davao City and with TIN ___________ known to me to be the same
person who executed the foregoing document and acknowledge to me that the same is his free
and voluntary act and deed as well as the free and voluntary act and deed of the corporation he
represents.

WITNESS MY HAND AND SEAL

Doc. No. _____ NOTARY PUBLIC
Page No._____
Book No. _____
Series of ______