VEHICLE SALES AGREEMENT

THIS VEHICLE SALES AGREEMENT is made this 28th day of January, 2025, by and
among Mark F. Santos, Filipino, of legal age, with address of #5 Pomelo St.,
Greenwoods Subd., Pasig City (hereinafter known as “Seller”) and Jonathan A.
Bautista, Filipino, of legal age, with address at #8 Grapes Street, Greenwoods Subd.,
Pasig City (hereinafter known as “Buyer”). Buyer and Seller shall collectively be known
herein as “the Parties”.
BACKGROUND
WHEREAS, Seller desires to sell the vehicle describe below, known herein as the
“Acquired Vehicle”, under the terms and conditions set forth below;
WHEREAS, Buyer desires to purchase the “Acquired Vehicle” offered for sale by Seller
under the terms and conditions set forth below; and, therefore,
TERMS AND CONDITIONS
IN CONSIDERATION of the mutual promises and other valuable consideration
exchanged by the Parties as set forth herein, the Parties, intending to be legally bound,
hereby agree as follows:
A. Description of Acquired Vehicle.
1. Model: Ford Everest
2. Year: 2020
B. Consideration.
1. Purchase Price. The total purchase price to be paid by Buyer to Seller for the
“Acquired Vehicle” is 1,000,000.00 Philippine Peso (₱1,000,000.00)
(hereinafter “Purchase Price”) consisting of the following components:
i. Down-payment: Upon execution of this Agreement, Buyer shall pay
to Seller a down-payment equal to 20% of the total purchase price
of the Vehicle. This down-payment amount must be paid in full by
Buyer to Seller in cash or cash equivalent (certified funds) prior to
Seller's release of the Vehicle to Buyer. The down-payment shall
represent 20% of the negotiated purchase price and shall be non-
refundable except in instances where Seller has defaulted on its
obligations under this Agreement prior to delivery of the Vehicle.
The remaining 80% of the total purchase price shall be paid by
Buyer through other agreed payment methods outlined herein.
(Due to Seller on or before execution of this agreement.)
ii. Payment by Post-Dated Checks: The Buyer will provide a total of
24 post-dated checks to cover 80% of the full purchase price of the
Vehicle. Each check will be equal to the same monthly payment
 amount. The first check shall be dated 30 days from the date of
delivery of the Vehicle. The remaining 23 checks will each be dated
one month later than the previous check. This way, the post-dated
checks will cover payments spread over 24 months (2 years). The
Buyer agrees that all 24 post-dated checks become valid and
payable according to their dated months/years. The Seller shall
deposit each check on or just before its dated month for payment.
The “down-payment” and “payment by post-dated checks” are to be made by
Buyer to Seller in cash, by certified check, or through another instrument
acceptable to Seller. Buyer must receive permission in advance from Seller for
use of a non-certified check in payment of the Purchase Price. Failure by Buyer
to remit the deposit and advance payment shall constitute a material breach of
this Agreement.
C. Modification. This contract can only be changed, replaced, or canceled if both
parties agree to the changes in writing by signing a new document. Even if the
physical copy of this contract gets destroyed or lost, that does not cancel or
modify the agreement itself since the terms are still valid and enforceable based
on what was originally agreed upon by the signatures.
D. Acknowledgements. Each person signing this Agreement confirms that they
had enough time to carefully read through the entire document and think it over
thoroughly. They also had the opportunity to get advice from a lawyer if they
wanted to before agreeing to the terms laid out in this Agreement.

IN WITNESS WHERE OF and acknowledging acceptance and agreement of the

foregoing, Seller and Buyer affix their signature hereto.

SELLER BUYER
Mark F. Santos Jonathan A. Bautista
Dated: January 28, 2025 Dated: January 28, 2025