DEED OF AGREEMENT FOR THE SUBSCRIPTION OF

PORTION OF PROPERTY IN AN INSTALLMENT PLAN

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Agreement is made and entered into by and between the following
parties:

SOL-TERRA Land Transaction and Land Consultancy, with office address at Purok
Makiangayon, Agusan Pequeño, Butuan City, represented herein by VIRGILIO A. IGNACIO of
legal age, married, Filipino citizen, resident of Purok Makiangayon, Barangay Agusan
Pequeño, Butuan City, herein after referred to as the FIRST PARTY; and

ALQUIZA A. HONG, of legal age, married, residing at P-Burgos, Butuan City, Agusan
del Norte herein after referred to as the SECOND PARTY;

WITNESSETH

WHEREAS, the FIRST PARTY is the simple fee owner of a parcel of land with an area
of FOUR THOUSAND EIGHT HUNDRED SEVENTY FIVE (4,875) square meters being a portion
of land covered by TCT No. T-9248 particularly describe as Lot no. 261 Pls-736, containing a
total area of 21,188 square meters, registered in the name of MERIAM S. ISHIDA property
located in La Union, Cabadbaran City, evidence of ownership specified in the Deed of
Absolute Sale acknowledge under Doc. No. 8012; Page No. 8; Book No. XVI, Series of 2022
Atty. Florante G. Domingo, Notary Public;

WHEREAS, the SECOND PARTY has applied for a subscription of some portion of the
above described property and area of ONE THOUSAND THIRTEEN (1013) square meters
through an installment plan.

NOW THEREFORE, on the basis of the above premises, the PARTY hereby agree the
following Terms and Conditions:

1. SUBSCRIBED /APPLIED AREA AND TERM OF PAYMENT

1.1 Applied area is ONE THOUSAND THIRTEEN (1013) square meters;
1.2 Total subscription value is PhP 1,883,400.00;
1.3 Total payment made is PhP 300,000.00;
1.4 Additional payment of PhP 150,000.00 to be paid in this month;
1.5 Balance of PhP 1,433,400.00 payable in 24 months monthly installment at;
a. PhP 100,000.00 for the first 6months installment
b. PhP 46,300.00 for the remaining 18 months until fully paid.

2. PAYMENT DEFAULT AND MONTHLY COLLECTION

2.1 The payment of the monthly instalment shall start on the following month after
completion of the down payment in the form of cash and/or check in the name of
the FIRST PARTY;
2.2 The SECOND PARTY shall promptly inform the FIRST PARTY of any payment
made so an acknowledgement receipt be issued;

2.3 In the event the SECOND PARTY defaults in payment for at least two (2)
consecutive monthly instalments, a statement of account will be sent to the
 SECOND PARTY and for which hereby given thirty (30) days grace period within
which to settle the delinquency without interest;

2.4 In the event that the SECOND PARTY fails to pay the monthly obligations for a
total of SIX MONTHS (6) months, the foreclosure of the instalment plan shall be
imposed in accordance to applicable provisions of the law.

2.5 In case of Cancellation of this Agreement the SECOND PARTY agrees that the
following deductions be made on whatever reimbursement the second party is
entitled to, and to wit;

a. Agents commission fee 10% of the total contract price;

b. Agreement Notarial fee ---------------------PhP 2,000.00;
c. Geodetic Engineering Expense -----------PhP 7,500.00 / lot;

2.6 FIRST PARTY agrees that the subscription payment made is non-refundable unless
otherwise the subject subscribed lot is taken by another or new subscriber. ;

3. OCCUPANCY

The SECOND PARTY shall be entitled to the physical possession of the

property upon completion the required payment amounting to eighty percent (80%)
of total subscription value, and hereby allowed to construct a building following the
approval of all regulatory requirements of concern agency/office.

4. TRANSFER OF TITLE
a. The FIRST PARTY shall execute or cause the execution of a DEED OF
ABSOLUTE SALE in favour of the SECOND PARTY thereby conveying all its
rights, interest and title to the property upon full payment of Total
subscription price as herein stated;
b. The processing fees for the transfer of title shall be on the account of the
FIRST PARTY;
5. DISCLOSURE
a. The FIRST PARTY undertakes to disclose all documents pertaining to the
property which is the subject matter of this Agreement;
b. The SECOND PARTY fully understand that herein subject property is a raw lot
partition;
c. That the SECOND PARTY acknowledge that concrete road pavements and
concrete drainage system shall be subject for development of the
homeowners association. The FIRST PARTY shall provide road allocations and
initial road filling four (4) meters wide to enable access to the subscribe lot.
d. The blocks, lots assignment as stated in this agreement is based on the title
for the purposes of geodetic plotting and location reference only; the same is
being used only for the purpose of immediate and convenient identification
of the said partition raw lots;
e. The SECOND PARTY undertakes to fully cooperate with the FIRST PARTY in
signing of requisite documents until exact/desired lot area and its final lot
title will be delivered;

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures, this
_______day of _____________, 2022, at Butuan City, Philippines.
 ALQUIZA A. HONG VIRGILIO A. IGNACIO
SECOND PARTY FIRST PARTY
Valid ID No. Valid ID No.

SIGNED IN THE PRESENCE OF :

_______________________ _________________________

REPUBLIC OF THE PHILIPPINES)

CITY OF BUTUAN . . . . . . . . . . .)

ACKNOWLEDGMENT

At the City of Butuan, Philippines, this ______ day of ______________, ____,

personally appeared :
ALQUIZA A. HONG, with Community Tax Certificate number ______________, issued at
Butuan City on _________________, and
VIRGILIO A. IGNACIO, with Community Tax Certificate number _______________________,
issued at __________________________ on_______________________ known to me to be
the same persons who executed the foregoing instrument referring to the deed of
agreement of 1013square meters portion of land, purchase in an instalment plan, consisting
of Three (3) pages including this page of which this acknowledgment is written, signed by
the parties and their witnesses, and they acknowledged to me that the same is their free
acts and deeds.

IN WITNESS WHEREOF, I have hereunto affixed my signature and seal this

____________ day of _____________, _____, at the City of Butuan, Philippines.

_______________________
Notary Public

Doc. No.____________
Page No.____________
Book No.____________
Series of ____________