COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Compromise Agreement, made and executed this ____ day of

_________, 2019 by and between:

____________________, of legal age, single/married to (Name

of spouse if any), Filipino, and with residence and postal address
at (Address), hereinafter referred to as the "FIRST PARTY";

-AND-

_______________________, Filipino and with residence and

postal address at (Address), hereinafter referred to as the "SECOND
PARTY".

WITNESSETH;

WHEREAS, the FIRST PARTY is authorized by the Heirs of the

Late NAIX BARATHRUM through a Deed of Confirmation to enter into
this agreement concerning the property known as LotBOOMbomm
pOw chika wawow containing an area of ONE THOUSAND THREE
HUNDRED SQUARE METERS (1, 300 sq. M.) as certified by
Geodetic Engineer wazzzup n. A copy of the Deed of Confirmation
and Lot Plan of Lot LotBOOMbomm pOw chika wawow is hereto
attached as ANNEX “” and “”, respectively;

WHEREAS, the Regional Trial Court of LotBOOMbomm pOw chika

wawow has rendered a judgment in Civil Case No. 143-44
concerning said LotBOOMbomm pOw chika wawow which provides,

“WHEREFORE, the court renders judgment as follows:

1. Reducing the price/consideration of the sale transaction

entered between plaintiffs and defendant to FIVE HUNDRED
PESOS (P500.00) per square meter or a sum of EIGHT HUNDRED
NINETY EIGHT THOUSAND FIVE HUNDRED PESOS (P898,

Position Paper for the Page 1 of 4

Complainant
 500.00) for the area of 1, 797 square meters; ordering the
plaintiffs to pay defendant the remaining balance of FOUR
HUNDRED NINETY EIGHT THOUSAND FIVE HUNDRED PESOS
(P498, 500.00) plus interest of six percent (6%) per annum
computed from the date of default until fully paid;

2. Ordering the defendant to execute a Deed of Sale in favor of

the plaintiff b\;

3. In the alternative, the PLAINTIFF HAS THE OPTION to

discontinue with the transaction and demand for the return of
P400,000.00 paid to the defendant and thereafter vacate the
property
4. The claim for damages. Attorney’s fees and litigation expenses
are ordered dismissed.

SO ORDERED.”

WHEREAS, the SECOND PARTY chooses to avail of option 1 of the

judgment provided the total amount inclusive of the interest shall be
reduced to FOUR HUNDRED THOUSAND PESOS (P400,000.00);

NOW THEREFORE, for and in consideration of the foregoing premises

both parties hereby mutually agree subject to the following terms and
conditions hereto for stipulated

1. The total consideration shall be FOUR HUNDRED THOUSAND

PESOS (P400,000.00), Philippine Currency, payable as follows:

a) The amount of THREE HUNDRED THOUSAND (Php: 300,000.00)

PESOS, representing earnest money shall be payable by
the BUYER/VENDEE to the SELLER/VENDOR upon signing of
this Contract to Sell;

b) The remaining balance in the amount of SEVEN HUNDRED

THOUSAND (Php: 700,000.00) PESOS, shall be paid in Cash on or
before ___________, 20__.

Position Paper for the Page 2 of 4

Complainant
c) In case the check representing the payment for the balance
provided \ of THREE HUNDRED THOUSAND (Php: 300,000.00)
PESOS, shall be forfeited in favor of the SELLER/VENDOR.
R;

3. Documentary Stamand expenses shall be to the account of

the BUYER/VENDEE;

4. In case of default, the FIRST PARTY shall be liable for legal

interest.

5. Upon full payment of the total price, the FIRST PARTY shall sign
and execute a DECOND PARTY.

6. ]Y to the SECOND PARTY.

IN WITNESS WHEREOF, the parties have hereunto affixed their

signatures, this ___ day of ____________, 20__ at
_________________________, Philippines.

(SELLER/VENDOR) (BUYER/VENDEE)
Name Name

WITH MARITAL CONSENT:

________________________ ___________________
______
Name of Seller/Vendor's Spouse Name of Buyer/Vendee's
Spouse

SIGNED IN THE PRESENCE OF:

Position Paper for the Page 3 of 4

Complainant
__________________________ _____________________
_______

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.

BEFORE ME, a Notary Public, this ____________day of

________________, personally appeared the following:

Name CTC Number Date/Place Issued

(Name of Seller/Vendor) 10000000 February 5,

20__ / Pasay City
(Name of Buyer/Vendee) 10000000 January 14,
20__ / Quezon City

This instrument, consisting of ___ page/s, including the page on

which this acknowledgment is written, has been signed on the left
margin of each and every page thereof by the concernedparties and
their witnesses, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand the day, year

and place above written.

Notary Public

Doc. No. ........;

Page No. .......;
Book No. .......;
Series of 20__

Position Paper for the Page 4 of 4

Complainant