Signed in the presence of:

________________________ _______________________

ACKNOWLEDGMENT

Republic of the Philippines)

Cebu City..)Sc.

BEFORE ME, this 18th day of January 2008 in the City of Cebu, Philippines,
personally appeared: Mr. Renante N. Rendaje with CTC NO. ______________ issued on
__________ at ________________; Ms. Arceli V. Laplana with CTC No.
_______________ issued on ______________ at _________________; Ms. Gina
Desmante with CTC No. _______________ issued on _____________ at
________________ and Mr. Gilbert Martinez with CTC No. _______________ issued
on _______________ at _________________, known to me to be the same persons who
executed the foregoing instrument and acknowledged to me that the same is their act and
deed.

This instrument consisting of three (3) pages including this page in which the
acknowledgment is written has been signed on the left and every page thereof by the
aforementioned persons and their witnesses and sealed with my notarial seal.

Witness my hand and seal.

Doc. No. 321

Page No. 65
Book No. V
Series of 2008.