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MEMORANDUM OF AGREEEMENT

KNOW ALL MEN BY THESE PRESENTS

We, ANTONIA ALFORQUE, APOLONIA L. ALFORQUE, ADONIS L.


ALFORQUE, ADARME L. ALFORQUE
and GRETCHEN L. ALFORQUE all of legal ages, Filipinos, and a resident of Bolinawan,
Carcar City, Cebu, Philippines,
hereinafter referred to as the FIRST PARTIES;

-and-

Spouses MICHAEL T. ALIGWAY AND LILIBETH L. ALIGWAY, likewise of legal


age, Filipino, and a resident of H. Abellana
St., Cubacub, Mandaue City, Philippines, hereinafter referred to as the SECOND
PARTIES;

-WITNESSETH-

The parties do hereby agree the following terms and conditions to wit

1.) The FIRST PARTIES are the co-registered owners of a parcel of land known as
Lot No. 767-B with an area of TWO HUNDRED
THREE (203) SQUARE METERS and Lot No. 767-C with an area of ONE HUNDRED
SEVENTY SEVEN (177) SQUARE METERS more
or less, situated in the Barangay of Tugas, Carcar City,Cebu;

2.) The FIRST PARTIES in case of sale of the abovementioned lots will give the
SECOND PARTIES the first priority to buy;

3.) That the prices of the said lots are still subject to stipulations;

4.) That this agreement was entered into by both parties without force and
intimidation,

IN WITNESS WHEROF, we have hereunto affixed our signatures this_________ day of


________________,__________
at Cebu City, Philippines.
ANTONIA ALFORQUE APOLONIA L.
ALFORQUE
First Party First Party
Senior Citizen ID No. 15-646 Senior Citizen ID No.
3334

ADONIS L. ALFORQUE
First Party
Voter’s ID No 2214-0152A-K2082AL 10001-7

ADARME L. ALFORQUE GRETCHEN L.


ALFORQUE
First Party First Party
Passport ID NO.EB897458 Passport ID
NO.P4276719A\

MICHAEL T. ALIGWAY LILIBETH L.


ALIGWAY
Second Party Second Party

SIGNED IN THE PRESENCE OF:

______________________________ ___________________________________

ACKNOWLEDGEMENT

BEFORE ME this_________ day of _____________, _________ at Cebu City,


Philippines, personally appeared the above
named parties with their competent ID numbers as proff of their identities to wit:

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