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COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT made and entered into on this ____ day of __________________,
2016 at ________________, Philippines, by and between:

ZENAIDA PUA married to ____________________________, of legal age, a Filipino


Citizen and a resident of _________________________________________________, hereinafter
referred to as the “FIRST PARTY”;

- and-

MERCY M. CAÑECA, widow, of legal age, a Filipino Citizen and a resident of Dansalan
Condominium, Mandaluyong City, hereinafter referred to as the “SECOND PARTY”;

WITNESSETH: That

WHEREAS, the SECOND PARTY has an outstanding obligation to the FIRST PARTY
in the total amount of TWO MILLION ONE HUNDRED THOUSAND PESOS
(Php2,100,000.00);

WHEREAS, after several demands, SECOND PARTY neither paid nor made any effort
to reconcile with the FIRST PARTY;

WHEREAS, the FIRST PARTY thereafter filed a criminal case for BP 22 and is therefore
the complainant in Criminal Case No. 2015-0374; 2015-0375; 2015-0376 filed against herein
SECOND PARTY and pending before the Municipal Trial Court of Lipa City, Branch 3;

WHEREAS, in order to save time and from the inconvenience a court litigation may bring,
both parties have finally come to an agreement to settle this matter amicably and extrajudicially,
thus they now enter into this Compromise Agreement;

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

1) WHEREAS, SECOND PARTY agrees to pay to the FIRST PARTY the total sum of
THREE MILLION PESOS (Php 3,000,000.00) Philippine currency. Said amount is the
total amount owed inclusive of interest which shall be paid as follows:

 P20,000.00 for twelve (12) months from September 2016 to August 2017; and
 P57,500.00 for forty eight (48) months from September 2017 to August 2021.

2) That payment is due every 4th day of the month with a grace period of five (5) days. An
interest of 12% on the amount due shall be charged in case of delay in payment;

3) In case of non-payment of three months, the remaining balance shall become due and
payable without need of notice to the SECOND PARTY;

4) Discount of 10% for each year accelerated shall be given in the event SECOND PARTY
shall settle the remaining balance earlier than the due date of this compromise agreement;
5) After the execution of this Agreement, both parties shall file the necessary Motion and/or
manifest before the Court to archive the pending case filed against the SECOND PARTY
without prejudice to FIRST PARTY’s right to refile the case in case of non-compliance by
the SECOND PARTY;

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6) Both parties agree that this Agreement shall constitute as the DECISION of the Honorable
Court on the aforesaid pending case.

IN WITNESS WHEREOF, both parties have hereunto set their hands this _____ day of
__________________, 2016 at __________________, Philippines.

ZENAIDA PUA MERCY M. CAÑECA


First Party Second Party

Marital Consent:

___________________________

Signed in the presence of:

________________________ _________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF _____________________ ) S.S

BEFORE ME, a Notary Public for and in the __________________ this day of
___________________, personally appeared:

Name ID/CTC/TIN No. Issued on/at:

Zenaida Pua _____________________ ________________


Mercy M. Cañeca _____________________ ________________

who are known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their own free act and voluntary act and deed.

WITNESS MY HAND AND SEAL, at the place and date above-written.

Doc. No.________;Page No.________;


Book No._______;Series of 20_____.