JOINT VENTURE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS

This JOINT VENTURE AGREEMENT is made and executed this ___ day of
____, 2018 in the City of __________ by and between:

(NAME OF COMPANY), a corporation duly organized and existing

under the laws of the Republic of the Philippines, with principal
office and postal address at (____________), represented in this act
by its (NAME OF OFFICER AND DESIGNATION), and
hereinafter referred to as the LANDOWNER;

-and-

(NAME OF COMPANY), a corporation duly organized and existing

under the laws of the Republic of the Philippines, with principal
office and postal address at (__________), represented in this act by
its (NAME OF OFFICER AND DESIGNATION), and hereinafter
referred to as the DEVELOPER;

WITNESSETH THAT:

A. The LANDOWNER is the absolute and registered owner of a parcel of land

located at (NAME OF PLACE) under Transfer Certificate of Title (TCT)
No. having an area of (WRITE THE AREA), referred to herein as the
PROJECT, and more particularly described as follows:

(WRITE THE TECHNICAL DESCRIPTION)

B. The LANDOWNER desires to develop the property into a __________,

hereinafter referred to the PROJECT to be composed of residential and
commercial elements in accordance with the ____________ Plan to be
prepared by the DEVELOPER