That we, CAMOTES MULTIPURPOSE COOPERATIVE, a cooperative duly registered with the Cooperative Development Authority (CDA), with official address at Southern Poblacion, San Francisco, Camotes, Cebu for (and in consideration of) the amount THREE HUNDRED THOUSAND PESOS ONLY (P300,000.00) hereby SELLS, TRANSFERS and CONVEYS and by these presents SOLD, TRANSFERRED AND CONVEYED to CEBU PEOPLES MULTIPURPOSE COOPERATIVE, a cooperative duly registered with the Cooperative Development Authority (CDA), with official address at Pasil, Cebu City the following motor vehicle described as follows, to wit: