COMPROMISE AGREEMENT

This Agreement is entered into this 23 rd of January 2018, in the

City of Quezon, Philippines, by and between:

NICOLE DOMINIQUE N. IBAY, of legal age,

Filipino, single, with residence and postal address 78 B
Gen Segundo Heroes hill, Quezon City, hereafter referred
to as the FIRST PARTY;

AND

SELENA GOMEZ, of legal age, Filipino, single, with

residence and postal address at 111 UNIT B The Good
place, Quezon City, hereafter referred to as the SECOND
PARY.

WITNESSETH, THAT:

WHEREAS, FIRST PARTY and SECOND PARTY are the

plaintiff and the defendant in Civil Case. No. Q-6171995 entitled
“Nicole Dominique N. Ibay vs Selena Gomez” for Collection of Sum of
Money pending before the Regional Trial Court in Quezon City
(hereafter the “Case”) respectively;

WHEREAS, the Case stemmed from an unpaid loan of Five

Hundred Thousand Pesos (PhP 500,000.00) with an agreed
interest of twelve percent (12%) per annum extended by FIRST
PARTY to the SECOND PARTY on October 1, 2016;

WHEREAS, as a result of the continued non-payment of the

SECOND PARTY, the Case was instituted by the FIRST PARTY;

WHEREAS, during the pendency of the Case several

opportunities for discussions and negotiations of a possible
compromise on matters that are allowed to be compromised by
existing law were given to the parties by the court;

WHEREAS, after such negotiations and discussions the parties

mutually realized and deem it best and convenient to resolve the
case in an amicable manner in order to avoid a protracted litigation;
 WHEREAS, the SECOND PARTY had manifested her
willingness to pay the FIRST PARTY;

WHEREAS, both parties have come to a mutually beneficial

arrangement as to the method of payment and mode of settlement for
its convenient and immediate disposition;

NOW THEREFORE, for and in consideration of the mutual

covenants and agreements herein established, the parties hereto
agree as follows:

AMOUNT OF DAMAGE

SECOND PARTY, by its own independent and voluntary

assessment, categorically expresses that the estimated amount of
damages she shall pay to the FIRST PARTY is ONE HUNDRED
THOUSAND PESOS (PhP 100,000.00).

PAYMENT SCHEME

SECOND PARTY, mindful of loss and damage experienced by

FIRST PARTY, to alleviate the Incident agrees to pay the
abovementioned amount for damages and the outstanding balance of
the loan in a manner and term provided hereunder:

(i) First half of the amount or THREE HUNDRED

THOUSAND PESOS (PhP 300,000.00) shall be
paid and given to the SECOND PARTY at the
execution of this Agreement, and receipt of which is
hereunder acknowledged by the SECOND PARTY;

(ii) The remaining balance of THREE HUNDRED

FIFTY THOUSAND PESOS (PhP 300,000.00) shall
be paid on February 15, 2018.

Both parties have executed this Agreement by their own

voluntary act and deed and in their mutually agreed terms. Both
parties warrant further, that they did so with the full understanding of
its nature and its consequence to the pending Case.

NICOLE DOMINIQUE N. IBAY SELENA GOMEZ

FIRST PARTY SECOND PARTY
Assisted by: Assisted by:

ATTY. HARRY EDWARD STYLES ATTY. NAILL HORAN

Counsel for FIRST PARTY Counsel for SECOND PARTY

WITNESSES:

KENDALL JENNER KYLIE JENNER