Deed of Conditional Assignment

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DEED OF ASSIGNMENT

Know All Men By These Presents:

That this deed is entered into by and among the following:

TEODORO B. CAMARILLO, of legal age, Filipino, single and resident


of Brgy. San Juan, Santa Cruz, Laguna; hereinafter referred to as the
ASSIGNOR;

MARIA FE E. ESCANO, likewise of legal age, Filipino and with office


and resident of Brgy. Palasan, Santa Cruz, Laguna; and hereinafter
referred to as the FIRST ASSIGNEE; and,

Atty. EMMANUEL E. SANDICHO, likewise of legal age, Filipino and


with office address at 2nd Flr. GCL Bldg., 6081 National Highway,
Sambat, Labuin, Santa Cruz, Laguna; and hereinafter referred to as
the SECOND ASSIGNEE;

WITNESSETH, that –

WHEREAS, the ASSIGNOR has collectibles that are due and demandable
receivables from the following debtors: (1). Rollie Villegas; (2). Agnes Paglinawan;
(3). Agapito Dasic; (4). Marie Glo Fuentes; (5). Norvie Pabilonia; (6). Ma. Elizabeth
Platero; (7). Freddie De Jesus; (8). Jinggoy Palomique; (9). Carmen Santa Maria;
(10). Cherrie Sumague; and (11). Mario Anatulan;

WHEREAS, the ASSIGNOR cannot personally initiate and undertake efforts to


collect the receivables from the above-named persons;

WHEREAS, the FIRST ASSIGNEE and the SECOND ASSIGNEE have the
capability, knowledge and skills to initiate and undertake the collection process
by way of judicial and extra-judicial means;

NOW THEREFORE, the ASSIGNOR hereby ASSIGNS, BEQUEATHS &


CONVEYS in favor of the FIRST ASSIGNEE the amount equivalent to Thirty
Percent (30%) and to the SECOND ASSIGNEE the amount equivalent to another
Thirty Percent (30%) of the above-mentioned receivables. Provided that the
remaining Forty Percent (40%) shall remain for the benefit of the ASSIGNOR in the
event the receivables are actually collected and received by the FIRST ASSIGNEE
and SECOND ASSIGNEE;

In order to effect this sharing agreement, the PARTIES hereto further agree
and undertake to the following terms hereof, to wit—

1. The FIRST ASSIGNEE shall initiate the necessary actions, including “small
claims cases”, (the principal amounts for each debtor/obligor do not exceed
one hundred thousand pesos), in the appropriate municipal trial court/s. For
this purpose, the ASSIGNOR shall issue in favor of the FIRST ASSIGNEE the
necessary special powers of attorney (SPA). Provided further that interests
and penalties in addition to principal obligations, may also be collected;

2. The SECOND ASSIGNEE shall be responsible for preparation of complaints


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and all other necessary documents, including notarial acts for this purpose;

3. The FIRST ASSIGNEE and the SECOND ASSIGNEE shall be entitled to


receive from any person concerned, whether natural or juridical, any sum
forthcoming as payment/s, settlement/s, award/s, or any other form of
compensation to cover the above-mentioned receivables. Provided that the
distribution thereof shall be in accordance with the above stated sharing
scheme;

4. The FIRST ASSIGNEE and SECOND ASSIGNEE shall perform necessary,


incidental or implied acts pursuant to the foregoing paragraphs.

IN WITNESS WHEREFORE, the parties hereto affixed their signatures this


________________ 2016 in Santa Cruz, Laguna.

TEODORA B. CAMARILLO MARIA FE E. ESCANO


Assignor First Assignee

Atty. EMMANUEL E. SANDICHO


Second Assignee

Signed in the presence of:

__________________________________
__________________________________
(Printed Name & Signature) (Printed Name & Signature)

BEFORE ME, a notary public for and in the province of Laguna, personally
appeared the following:

Name Competent Proof of Identity Place and Date Issued


TEODORA B. CAMARILLO Voter Id. No. 3426-021FA- COMELEC-Santa Cruz,
I1461TBC20001-7 Laguna
MARIA FE E. ESACNO Student Driver Id. No. D12-16- LTO-Pila District Office on 27
S00981 January 2016
EMMANUEL E. SANDICHO IBP Id. No. Attys. Roll No. 42246 IBP Head Office, Pasig City

known to me to be the same persons who executed the foregoing deed consisting
of two (2) pages including this page where this acknowledgment appears; and
they acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND NOTARIAL SEAL this __________________2016 in


Santa Cruz, Laguna.

Doc. No. _______;


Page No. _______;
Book No. _______;
Series of 2016.
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