MEMORANDUM OF AGREEMENT FOR EASEMENT OF RIGHT OF WAY

KNOW ALL MEN BY THESE PRESENTS:

This Memorandum of Agreement made and entered into by and between:

NORMA C. ALCANTARA, of legal age, Filipino,

(single / married / widow), and a resident of Darigayos,
Luna, La Union, Philippines, (hereinafter referred to as the
"FIRST PARTY"),

- and -

MERCEDITA W. THOMPSON, of legal age, Filsipino,

(single / married / widow), and a resident of Purok 7 Lara
San Fernando, Pampanga, Philippines, represented by her
niece, IRISH VALERIE C. MUSNI, of legal age, Filipimo
(single/married/widow), and a resident of Pitpitac, Luna,
La Union, Philippines, (hereinafter referred to as the
"SECOND PARTY"),

WITNESSETH: THAT -

WHEREAS, the FIRST PARTY is the true and registered owner of a certain
parcel of land, more particularly described as follows:

(Technical Description of Property)

WHEREAS, the SECOND PARTY is the true and registered owner of a certain
parcel of land, more particularly described as follows:

(Technical Description of Property)

WHEREAS, the above-described parcel of land belonging to the SECOND

PARTY is surrounded by other parcels of land, including that belonging to the FIRST
PARTY, and has no adequate outlet to a (public highway/barangay road);

WHEREAS, the SECOND PARTY had asked for a right of way passing
traversing to the above-described parcel of land belonging to the FIRST PARTY, and the
FIRST PARTY is willing and able to provide and grant a perpetual easement of right-of-
way in favor of the SECOND PARTY on the road described and marked in the Lot Plan
herein described and hereto attached as Annex "A" subject to the terms and conditions
herein agreed upon.

NOW, THEREFORE, for and in consideration of the sum of TEN THOUSAND

PESOS (P10,000.00), the receipt of which is hereby acknowledged by the FIRST PARTY
to his full and complete satisfaction, the FIRST PARTY, for itself and in behalf of heirs,
assigns, and successor-in-interests, by these presents, hereby grants unto and in favor of
the SECOND PARTY, his heirs, assigns, and successors-in-interests, a permanent and
perpetual easement on his property of the aforedescribed roadway, equivalent to an area
as described and found in the technical description of the lot hereto attached as Annex
"A" and made integral part of this agreement. The FIRST PARTY, his heirs, assigns, and
successor-in-interests undertake not to commit any act as would impede the flow of
pedestrian and vehicular traffic on the said roadway.

The FIRST PARTY hereby authorizes the Office of the Register of Deeds of
_____________ to annotate this agreement at the back of the Transfer Certificate of Title
No. _____________ aforedescribed as a perpetual lien of the real property described
therein.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
_____________ at the _____________, Philippines.

FIRST PARTY SECOND PARTY

SIGNED IN THE PRESENCE OF:

__________________ __________________

(ACKNOWLEDGMENT)