"The parties appear, the plaintiff, assisted by his undersigned lawyer, and the

defendant, through his president and lawyer who subscribe and to shorten the hearing
of this case and without prejudice to practicing additional evidence on facts in which the
parties are not in agreement, they respectfully submit, for the decision of this cause, the
following stipulations:

1. That the plaintiff Romana Miranda is the duly appointed judicial administrator of
the Intestate of the late Don Alberto Miranda, Civil No. 3090, of this same Court;
and the defendant entity is a corporation duly organized in accordance with the
laws in force in these Islands, having its legal domicile, like the plaintiff, in this
head of Tarlac, Province of Tarlac;
2. That, on June 8, 1926, the now deceased Mr. Alberto Miranda whose intestate is
a judicial administrator, the plaintiff hereby subscribed shares of the defendant
corporation, granting for this purpose a subscription contract, an authentic copy
of which is attached hereto and is an integral part of it, as Exhibit A;
3. That, in relation to the subscription contract Exhibit A, to which the preceding
paragraph is contracted, Mr. Alberto Miranda then granted a power of attorney in
favor of the defendant, the original of which is also attached to the present one,
becoming an integral part thereof, as Exhibit B;
4. That, by virtue of the documents contracted in the two immediately preceding
paragraphs, the defendant corporation contracted a debt of P10,000 to Messrs.
Mariano Tablante and Carmen Gueco, from Angeles, Pampanga, as evidenced
by the mortgage loan deed granted for this purpose, which is also attached
hereto, as Exhibits C and C-1;
5. That the defendant has not paid at any time either the capital, or the interest, of
the aforementioned loan, which is why the aforementioned Mr. Alberto Miranda
had to enter into an amicable settlement with the creditors, upon expiration of the
agreed term for the payment, satisfying said loan and its accrued interest, as
stated in the payment letter issued for that purpose, which becomes an integral
part of this agreement as Annex or Exhibit D;
6. That, from 1928 to this date, the defendant has stopped doing business and
operations of any kind;
7. That, with the exception of the aforementioned Mr. Alberto Miranda, none of the
other shareholders and directors of the defendant corporation has paid or been
made to pay, in accordance with the terms of the subscription contracts granted
for that purpose, the amount of their respective shares, and Despite this
delinquency of the referred shareholders and directors, the defendant corporation
has not taken, to date, any steps aimed at compelling the effectiveness of the
referred delinquent actions. "
8.