COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Compromise Agreement (the “Agreement”) is made and

entered into this ____ day of February 2017, in the City of ________,
by and between:

AAA, a corporation duly organized and existing under

the laws of the Republic of the Philippines with principal
office address at Quezon City, represented by its
President, BBB, as evidenced by the Secretary’s Certificate
dated __________ herein attached as Annex “A”;

-AND-

ZZZ, of legal age, Filipinos, and with address at Rizal;

WITNESSETH:

WHEREAS, AAA is the plaintiff in Civil Case No. ______,

entitled “AAA vs. ZZZ” pending before the Regional Trial Court of
__________, Branch ____, hereinafter referred to as the "Pending
Case";

WHEREAS, ZZZ is the defendant in the said pending case;

WHEREAS, in view of the desire of both parties to settle the

pending case and to avoid further possible dispute or litigation and
to promote their best interests, the parties hereby enter into this
Agreement under the terms and conditions hereinafter set forth;

NOW THEREFORE, in consideration of the mutual covenants

herein contained and other good and valuable consideration, the
parties hereby agree as follows:

I. Other Claims.

For and in consideration of the covenants above, AAA and ZZZ

hereby waive and abandon all other claims and counterclaims that
each may have against the other arising from or connected with the
Pending Case.

This Compromise Agreement can and may be used by either party

or their successors and assigns as a bar to or to cause the dismissal of
any demand, claim, action, suit or proceeding in any court of law,
prosecutor’s office, administrative body or any other forum, body or
tribunal in connection with the controversy arising from the issues in
the Pending Case and any and all acts in connection therewith.

II. Binding Effect of this Agreement.

This Agreement shall bind and inure to the benefit of the

parties to it, and of their respective heirs, executors, administrators,
personal representatives, successors and assigns.

III. Non-Admission of Liability.

The execution of this Compromise Agreement and the

performance of the obligations, prestations and actions herein shall
not be deemed to constitute an admission, express or implied, by
either party of any claim or demand whatsoever of the other, it being
understood that the parties have mutually and freely entered into
and performed these acts in the spirit of goodwill and understanding
and to avoid or terminate protracted and expensive litigation.

IV. Representations and Warranties.

The parties have read this Agreement and all its terms and
conditions carefully and acknowledge that they have executed the
same free from duress, force, misrepresentation, intimidation and
any and all other forms of vice of consent.

Both parties also hereby agree to render each other free and
harmless from any liability or legal action that may arise as a result of
the execution of this Agreement. Furthermore, the parties agree to
faithfully comply with the terms and conditions of this Agreement in
utmost good faith. Should any of the parties fail or refuse to comply
with this Agreement, the aggrieved party shall be entitled to all
remedies available under the law.

No modification, alteration or amendment of this Agreement or

any waiver of any provision hereof shall be effective unless in writing
and signed by both parties or their duly authorized agents.

V. Failure or Breach.

In the event of failure or refusal to abide with the covenants of

this Compromise Agreement, the innocent Party shall have the right to
move for the execution of judgment approving the Compromise
Agreement.
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 VI. Separability Clause.

This Compromise Agreement shall be construed as a single

Agreement between the parties.

However, the invalidation of any of the covenants, conditions,

and restrictions, or part of this Compromise Agreement by a court of
law shall in no way affect the other provisions hereof which shall
remain in full force and effect.

VII. Approval of the Court.

Both parties hereby agree that this Compromise Agreement shall

be submitted to the Regional Trial Court of ________, Branch __ with
the request that it be approved and made part of the judgment or
decree of the court in the Pending Case.

IN WITNESS WHEREOF, the Parties have signed this

Agreement this ___ day of February 2017.

AAA ZZZ
Plaintiff Defendant

By:

BBB
President

REPUBLIC OF THE PHILIPPINES )

___________________ ) S.S.

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public for and in the above jurisdiction,

on ____________ personally appeared:

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 Name Competent Evidence of Date and Place of
Identity Issuance

known to me to be the same persons who executed the foregoing

instrument and they acknowledged to me that the same is their free
and voluntary act and deed.

WITNESS MY HAND AND SEAL on the date and in the place

above written.

NOTARY PUBLIC

Doc. No.___
Page No. ____
Book No. ____
Series of 2017.