COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Compromise Agreement, made and entered into this ____ day of
________________ in the City of _________, by and between:

_________________________, of legal age, Filipino, married and

with postal address at ______________________________

-and-

_______________________________, of legal age, Filipino,

married and with postal address at
________________________________________

(hereafter collectively referred to as the “PARTIES”)

Witness: That:

WHEREAS, the PARTIES have agreed to settle the properties insofar as the
law allows, solely to buy peace and obviate protracted litigation without
admission whatsoever of any liability;

WHEREAS, the PARTIES have likewise agreed to the settlement of the

property relations between them and the cases/incidents arising therefrom;

WHEREAS, the PARTIES, for the best interest of each of them and their
four (4) children, namely, ___________________________, (hereafter, collectively
referred to as the “Children”) have voluntarily and mutually agreed:

a) To clarify their property rights with respect to their properties;

b) To dissolve any property relations which they may have;
c) To provide for the support and maintenance of their Children;
d) To determine their future obligations; and,
e) To obtain judicial approval thereof.

NOW THEREFORE, for and in consideration of the foregoing premises

and of the stipulations and covenants herein below set forth, the PARTIES have
agreed as follows:

1. Support of the Children. Support for all the Children of the PARTIES
hereto mentioned shall be for the account of Alberto and shall include
living expenses, medical expenses, expenses for their education, tuition
fees, allowance, transportation and the like, to the extent set forth in
Article 194 of the Family Code of the Philippines.
2. Dissolution of Property Relations. – The PARTIES have voluntarily
agreed to dissolve any property relations which may exist between them
to be replaced by the regime of complete separation of property for
which court approval shall jointly be secured by the PARTIES.

3. Distribution of the Properties. The PARTIES hereby agree to distribute

their real and personal properties as follows:

3.1 Real Estate:

3.1.1 The parcel of land covered by TCT No.

____________, in the name of ________________,
situated at __________________, shall exclusively
pertain to and owned by Alberto. Alberto will solely
pay all back realty taxes and association dues for the
year 2000 to 2010. Simultaneous with her receipt of
the FOUR MILLION THREE HUNDRED FIFTY
THOUSAND (4,350,000.00) and her receipt of the
postdated check under 3.3.3, Lucille shall turn over
to Alberto the original of TCT No. 996526.

3.1.2 The parcel of land covered by TCT No.

_______________ in the name of
_____________________, situated at Vista Verde
North, Kaybiga, Caloocan City, shall likewise
exclusively pertain to and owned by Alberto.
Alberto will solely pay all back realty taxes and
association dues for the year 2000 to 2010.
Simultaneous with her receipt of the FOUR
MILLION THREE HUNDRED FIFTY THOUSAND
(4,350,000.00) as provided under par. 3.3.3. below,
Lucille shall turn over to Alberto the original of TCT
No. 142846.

3.1.3 Two (2) memorial lots situated in Manila Memorial

Park with Contract No. _____________
_____________________ Section Court of Serenity
registered under the name of Alberto, shall
exclusively pertain to and owned by Lucille.

3.1.4 Any real property titled in either PARTY’s name

after the date hereof shall exclusively pertain to and
owned by such PARTY named therein.

3.1.5 All expenses, liabilities, fruits and income, attaching

to, connected with or arising from such properties as
provided above after their actual transfer to either
PARTY shall be the exclusive property and/or for
the exclusive account of the owner.

3.2 Personal Properties:

3.2.3 Subject to section 3.2.4 below, all furniture, house
decors, and appliances which are found and located
at the 5th Floor & Roof Deck of
____________________ shall be owned and
henceforth pertain to the exclusive property of
Lucille. Those found and located on the ground, 2 nd,
3rd ,4th and
Mezzanine Floors of
______________________, shall be the exclusive
property of Alberto.

3.2.4 The following vehicles, with accompanying

identifications and descriptions, shall pertain to and
exclusively owned by Alberto:

a. One (1) unit Model 2006

Toyota Innova car M/T 2.5 E, with plate number
_____________;

b. Two (2) units Model

Mitshubishi L300 Vans, with plate numbers
_______________ , registered under the name of
_______________;

c. One (1) unit Model

Mitshubishi FB, with plate number __________,
registered under the name of _____________; and

d. One (1) unit Model

Suzuki Van, with plate number _____________,
registered under the name of _________________.

3.2.5 One (1) unit Model Mitsubishi Adventure with plate

number __________ and registered under the name
of ______________ shall pertain to and be
exclusively owned by _______________.

3.2.6 All jewelry and other personal effects and properties

or anything of value without exception, whether
described in this document or not which at present
is/are in the possession, control and enjoyment of
either Alberto or Lucille shall be owned and
continue to be owned by the party in actual
possession or control thereof as part of his/her
exclusive properties.

3.2.7 Any and all intellectual property rights registered in

the name of ___________________, such as but not
limited to “_____________________”, as well as all
their marks, logos, and trade names, shall be owned
by Alberto as part of his exclusive properties.
3. 3. Cash

3.3.1 The PARTIES agree to jointly cause the sale of the

_______________ consisting of five (5) storeys and
situated at _____________________

3.3.2 From the net proceeds of the sale of the said

property as aforementioned in the preceding article,
Lucille shall receive as her share TWENTY-TWO
MILLION FIVE HUNDRED NINETY THREE
THOUSAND ONE HUNDRED SEVENTY THREE &
80/100 PESOS (P22,593,173.80.) as her due, final and
full share of her property relations with Alberto and
as full provision for her support. Out of Lucille’s
share, One Million Five Hundred Thousand Pesos
( P1,500,000.00) shall be paid to _________________
as his attorney’s fees. Alberto shall provide TWO
HUNDRED THOUSAND PESOS (P200,000.00) as
additional fee to ______________________ upon
payment of the total amount due to Lucille as stated
in this Agreement.

From the net proceeds of the sale of the said

property, Alberto shall receive Nine Million Four
Hundred Six Thousand Eight Hundred Twenty Six
and 20/100 (P 9,406,826.20), Nine Hundred
Thousand Pesos ( P 900,000.00) of which he
acknowledges receipt from the Buyer.

3.3.3 Out of the total amount of TWENTY-TWO

MILLION FIVE HUNDRED NINETY THREE
THOUSAND ONE HUNDRED SEVENTY THREE &
80/100 PESOS (P22,593,173.80.00) that is due to
Lucille , she acknowledges that she has been paid
FOUR MILLION THREE HUNDRED FIFTY
THOUSAND PESOS (P4,350,000.00) which has been
used as part of the purchase price of a
house/residence, including but not limited to
mobilization for the transfer, which house will be
eventually registered in her name . .The balance of
EIGHTEEN MILLION TWO HUNDRED FORTY
THREE THOUSAND ONE HUNDRED SEVENTY
THREE & 80/100 PESOS (P18,243,173.80) will be
paid to Lucille by way of a check dated 24
November 2010 issued by the buyer of the
_________________.

3.3.4 Upon receipt of the postdated check under

subsection 3.3.3, Lucille will execute all necessary
pleadings and perform whatever is necessary to
effect the dismissal of the Cases. However, with
respect to the criminal cases, Lucille will testify on
the affidavits of desistance pertaining thereto upon
her actual receipt of the balance of P18,243,173.80)
 3.3.5 Alberto and Lucille shall, respectively, bear sixty
percent (60%) and forty percent (40%) of the back
realty taxes for the years 2003 to 2010 on the lot on
which the said ______________ is located.

3.4 Shares of Stocks:

3.4.1 Upon Lucille’s receipt of the postdated check under

subsection 3.3.3, all shares of stock of
____________________ registered in the name of
Lucille shall be transferred hereby, without further
need of any act or deed, immediately in the name of
Alberto, and be his exclusive properties, including
accrued and future dividends of whatever kind or
nature, as well as interests and benefits, if any. The
pertinent document/s when required by the
Securities and Exchange Commission (SEC) and the
Bureau of Internal Revenue (BIR) shall be signed by
Lucille to effect the transfer and all costs of transfer
shall be borne by Alberto.

3.4.2 Shares of stock registered in the name of Alberto in

whatever corporation, partnership, or entity, shall
pertain to & exclusively owned by Alberto with the
exception of the Quezon City Sports Club shares,
which shall exclusively be owned by Lucille.

3.4.3 Simultaneous to Lucille’s execution of the

documents under subsections 3.3.4 and 3.4.1,
Alberto shall execute the proper transfer documents
for the Quezon City Sports Club share, the Manila
Memorial Lots and the Mitsubishi Adventure in the
name of Lucille and transfer possession and use
thereof to Lucille, unless such possession and use
shall have already pertained to Lucille at said time.
All costs of transfer and all outstanding amounts
due shall be for the account of Alberto.

3.5 Credit Cards, Undertakings and Bank Accounts:

3.5.1 The PARTIES shall retain their respective credit

cards and obligations arising or connected therewith
shall be for the exclusive account of each of the
PARTIES herein without the other party incurring
any liability whatsoever, in case of default. The
PARTIES shall respectively be responsible for and
shall immediately execute the necessary notification
to the appropriate credit card company about this
arrangement.

3.5.2 By virtue of this agreement, Lucille is released and

discharged of any and all kinds of liability or
 undertaking, which Alberto had or might have
assumed in favor of any person or banking, financial
or other entity, and any such liability or undertaking
is henceforth assumed by Alberto. On the other
hand, by virtue of this Agreement, Alberto is
likewise released and discharged of any and all
kinds of liability or undertaking, which Lucille had
or might have assumed, in favor of any person or
banking, financial or other entity any such liability
or undertaking is henceforth assumed by Lucille.

3.5.3 The PARTIES retain their respective bank accounts

maintained in their respective names and the same
shall, henceforth, continue to pertain in complete
and exclusive ownership by the respective PARTIES.

3.6 Debts and Unpaid Insurance Premiums

3.6.1 Subject to Section 5.4 below, all Alberto’s unpaid

premiums on insurance policies covered by Sunlife,
Philamlife & Insular Life undertaken by Alberto
shall solely be for the account of and paid by
Alberto.

3.6.2 The loan amount of P2.8 Million undertaken by

Alberto in favor of
___________________________shall likewise solely
be for the account of and paid for by Alberto.

3.6.3 From their conjugal assets, the PARTIES shall pay

their outstanding obligation of NINE MILLION SIX
HUNDRED FIFTY FIVE THOUSAND EIGHT
HUNDRED THIRTY SIX PESOS (P9,655,836.00) the
PARTIES owe to ________________________, which
amount shall be exclusively used to settle said loan.

3.6.4 All other debts and obligations not mentioned

herein and incurred by Lucille on and/or after the
date of this Agreement shall solely be for the
account of and paid by Lucille.

3.6.5 All other debts and obligations not mentioned

herein and incurred by Alberto on and/or after the
date of this Agreement shall solely be for the
account of and paid by Alberto.

3.6.6 The PARTIES hereby agree further that the

separation pay of all discharged employees of
_________________ shall be for the account of
Alberto.

3.6.7 All the following four (4) insurances of Alberto

namely: 1) Philam Life policy number
_________________, 2) Philam Life policy number
 _________________, 3) Sun Life financial policy
number ___________________, 4) Sun Life financial
policy number ___________________ wherein Lucille
is the irrevocable beneficiary will be changed such
that the beneficiaries will be their children.
Simultaneous with her receipt of the postdated
check as provided under par. 3.3.4 above, Lucille
shall execute the appropriate documents to effect
her consent to the aforementioned change of
beneficiary.

4. Regime of Complete Separation of Property. Subject to judicial

approval hereof, the PARTIES herein agree that, henceforth, their
property relations shall immediately be governed by the regime of
complete separation of property, total and absolute, both as to present
properties and those acquired hereafter.

4.1 Each PARTY shall own, dispose of, possess, administer, and enjoy
his/her separate estate, present and future, without the consent of
the other, and all earnings from any business or industry,
including wages, bonuses, or income of any type or nature shall
likewise belong exclusively to each of them respectively.

4.2 Each PARTY waives all his/her rights, interest or claim over any
and all properties , owned, transferred to, acquired by the other
PASRTY subsequent to or as a result of this Compromise
Agreement

5. Spousal Support. The PARTIES further release each other from all
claims and demands, except those stipulated in this Agreement, for the
settlement of property rights, specifically the right to demand more
spousal support from the other.

6. Miscellaneous Matters

6.1 Pending Cases between the Parties. Prior to the occurrence of

the events described in pars. 3.3.4 and 3.4.3, the Parties shall move
for the suspension of proceedings in the various courts where the
cases between them are pending.

6.2 Concern for the Children. The PARTIES shall take all measures
deemed advisable to foster a feeling of affection among the
Children, and between the Children and the other PARTY.
Neither of the PARTIES herein will do anything which may
alienate any child from the other PARTY or impair any child’s
affection, regard and respect for the other PARTY. It is further
agreed that both Alberto and Lucille shall respect the property
rights of the Children, which they hereby recognize and declare
exclusively to be their Children’s and to which the PARTIES
herein expressly waive whatever perceived or real rights they
may have thereon and in which the PARTIES herein undertake
not to participate.
 6.3 Expenses on the Dissolution of the Property Relation. All other
expenses and taxes which might be incurred in connection with,
or necessarily related to, the dissolution of the PARTIES’ property
relations, as mentioned and listed herein, including such monies
or properties given to or received by either PARTY as a
consequence thereof or by virtue of this Agreement, through
judicial order, and the dismissal of all other cases by and against
Lucille and Alberto, shall be borne by the PARTY in whose name
the particular property or monies are hereby transferred, except
that insofar as the transfer is in favor of the PARTIES’ children, in
which case, the expenses shall be borne by the PARTIES equally.
It is understood that each PARTY shall bear her/his own expenses
and expenses for their attorney’s fees and the like. –

7. Revocation of Designation as Beneficiary. By virtue of this Agreement,

either PARTY grants consent to the revocation of his/her designation as
irrevocable beneficiary of all insurance policies of the other. Subject to
par. 3.3.4 above, each PARTY will immediately sign pertinent
document/s required by the insurance Company for such revocation of
beneficiary.

8. Income Tax Returns. Henceforth, Lucille and Alberto shall file their
separate income Tax Returns with the Bureau of Internal Revenue (BIR).

9. Future Transactions. On the future transactions by each of the PARTIES

and where the material consent of the other is necessary to be given the
latter shall oblige to give the same or sign documents where the said
consent is necessary. When such is given, the PARTY transacting relieves
the consenting PARTY of any responsibility or liability from the effects
of the documents, assuming full responsibility for such act.

10. Execution of Documents. The PARTIES, as soon as possible after the

finality of the decree dissolving their property relations, shall cause to
be made and executed all acts, deeds, conveyances, assignments, releases
or any other instruments or things required to give full effect to the
matters agreed herein.

11. Advice of Counsel. The parties declare that they have been duly
advised by the legal counsel of their choice and each of them declares
that they fully understand the terms and provisions of this Agreement
and consider them fair and equitable.

12. Severability Clause. Should any of the provisions of this Agreement be

considered invalid, illegal, unenforceable or against public policy, the
remaining provisions of this Agreement shall nevertheless be held valid
and effective and shall be enforceable against all PARTIES.
 IN WITNESS WHEREOF, this Agreement has been executed on the
date and place first above written.

Assisted By: Assisted By:

Signed in the Presence of:

___________________________ ________________________

BEFORE ME, a Notary Public for and in the City of Quezon City,
personally came and appeared the following:

ID NO. Valid Until

Who have satisfactorily proven to me their identities through their aforesaid

valid IDs, that they are the same persons who personally signed before me the
foregoing Compromise Agreement and acknowledged before me as their free
and voluntary act and deed.

NOTARY PUBLIC

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2019.