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COMPROMISE AGREEMENT

This Compromise Agreement is made and entered into in the City of ______________,
Philippines by and between

[NAME OF FIRST PARTY], of legal age, [CITIZENSHIP], [CIVIL STATUS], and with
[RESIDENCE], hereinafter referred to as “FIRST PARTY”

-and-

[NAME OF SECOND PARTY], of legal age, [CITIZENSHIP], [CIVIL STATUS], and with
[RESIDENCE], hereinafter referred to as “SECOND PARTY.”

WITNESSETH:

WHEREAS, the SECOND PARTY has an outstanding obligation to the FIRST PARTY in
the total amount of __________________________ representing ___________________;

WHEREAS, after several demands, the SECOND PARTY neither paid nor made any
effort to reconcile with the new management of the FIRST PARTYL

WHEREAS, the FIRST PARTY thereafter filed a civil case and is therefore the
complainant in Civil Case No. _______________ for ___________ filed against herein
SECOND PARTY and pending before the [METROPOLITAN/REGIONAL] Trial Court of
___________, Branch _____;

NOW THEREFORE, for and in consideration of the foregoing premises, both parties
have agreed on the following terms and conditions, to wit:

1. The FIRST PARTY has granted the SECOND PARTY a _______ % discount from the
total obligation of _________, thereby resulting to a remaining ______ %
outstanding amount or equivalent to _______________ pesos (P ____________).

2. The SECOND PARTY agrees to pay to the FIRST PARTY the total sum of
___________ pesos (P __________). Said amount shall be paid in _________ (__)
equal monthly payments duly covered by post-dated checks, which will be due on the
following dates, to wit:

Date Amount Check No.

3. Said post-dated checks shall be tendered by the SECOND PARTY to the FIRST PARTY
immediately immediately upon the execution of this agreement and the SECOND
PARTY assumed full obligation to the FIRST PARTY that funds thereof be made
available on the due date/s thereof without need of further demand from the FIRST
PARTY;
4. After the execution of this Agreement and upon payment by the SECOND PARTY, the
FIRST PARTY shall file the necessary Motion to the Court to withdraw its pending
case filed against the SECOND PARTY without prejudice to its right to refile the case
in case of non-compliance by the SECOND PARTY;
5. Both Parties agree that this Agreement shall constitute as the Decision of the
Honorable Court on the aforesaid pending case.

IN WITNESS WHEREOF, the parties hereto have signed these presents on this
__________ (DATE) day of __________ (MONTH), _____________ (YEAR) in _________
(City), Philippines.

BY:

_______________________________ ________________________

Signed in the presence of:

_______________________________ ________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

________________ ) S.S.

BEFORE ME, a Notary Public in and for _____________________ on this __ day of


_________, 200_ personally appeared the following:

NAME GOVERNMENT ISSUED ID DATE AND PLACE OF


ISSUE

_______________

_________________

known to me to be the same persons who executed the foregoing Company Car Plan
Agreement consisting of ___ (__) pages, including this page, and they acknowledged to me
that the same is their free and voluntary act and deed, as well as that of the party he
represents.

IN WITNESS WHEREOF, I have hereunto set my hand and seal this __ day of ___________,
__________ (Year) in _______ City.

[SIGNATURE]
[NAME]_______
Notary Public

Until [DATE]__________________
PTR No. [NUMBER] ____________
Issued at [PLACE]______________
On [DATE] ___________________
Doc. No.: _____;
Page No.: _____;
Book No.:_____;
Series of ______.