That I, ________(name of assignor)_____ of legal age, Filipino, single/married and with residence and postal address at _______, called the ASSIGNOR, for and in consideration of the sum of ____________PESOS (P______), Philippine Currency, the receipt whereof is hereby acknowledged in full to my entire satisfaction and benefit, and with the conformity of ___(property owner)____ as shown on the conformity space provided below, hereby ASSIGN and TRANSFER unto ____(name of assignee)____, called the ASSIGNEE, of legal age, Filipino, single/married and with residence address at _________, all my rights, interest and participation in the Contract To Sell dated ____ and identified as Doc. No. __; Page No.___; Book No.___; Series of 2001___ of the notarial register of Atty. _____, a Notary Public in and for Quezon City, which is hereto attached as reference and made an integral part hereof.

           With this Transfer of rights, the herein ASSIGNEE, his heirs, administrators or assigns hereby assumes all obligation under the aforesaid Contract To Sell in favor of the said ASSIGNOR.

           IN WITNESS WHEREOF, the parties hereto have hereby set their hands on the ___day of August, 2002 at the City of Quezon, Philippines.