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Compromise Agreement

COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This COMPROMISE AGREEMENT is executed and entered in


Zamboanga City, Philippines on _______ by and between:

VINCENT MERTALLA CATARATA of legal age, single, Filipino


Citizen, and a resident of Zamboanga City, herein referred as the FIRST
PARTY;

-and-

RODOLFO EBOL MOLINA of legal age, Filipino citizen, and a


resident of Kawit, Zamboanga City, Philippines, herein referred as the
SECOND PARTY.

W I T N E S S E T H:

Whereas the FIRST PARTY is the CREDITOR.

Whereas the SECOND PARTY is the DEBTOR.

Whereas both the FIRST PARTY and SECOND PARTY, in order to


buy peace and tranquility, have agreed to enter into this Compromise
Agreement subject to the terms and condition stated below.

NOW THEREFORE, the SECOND PARTY do hereby these presents


UNDERTAKES TO PAY the FIRST PARTY the settlement and, as a
consequence, the FIRST PARTY also expresses its willingness to DESIST
from filing the complaint under the following terms and conditions, to wit –

1. Upon the execution of this compromise agreement, the


SECOND PARTY shall pay the FIRST PARTY the amount of THREE
HUNDRED THIRTY THOUSAND (P 330,000.00) PESOS Philippine
currency payable until 31 December 2022;

2. Non-compliance of the SECOND PARTY of the terms and


conditions found in this Compromise Agreement would render the
FIRST PARTY to file a case before National Prosecution Service,
Office of the City Prosecutor, Hall of Justice, Sta. Barbara,
Zamboanga City against SECOND PARTY and in all or any available
jurisdiction, offices, courts or agency.

VINCENT MERTALLA CATARATA RODOLFO EBOL MOLINA


First Party Second Party

SIGNED IN THE PRESENCE OF:


____________________ ______________________
Page 2 of 2
Compromise Agreement

IN WITNESS WHEREOF, we have hereunto set our hands this


__________ at City of Zamboanga, Philippines.

VINCENT MERTALLA CATARATA RODOLFO EBOL MOLINA


First Party Second Party

SIGNED IN THE PRESENCE OF:


____________________ ______________________

NOTARIAL ACKNOWLEDGEMENT

Republic of the Philippines)


City of Zamboanga )s.s.
X---------------------------------X

Personally came and appeared before me on this _____________ at


Zamboanga City, Philippines, the following:

NAME Competent Proof of Identity


VINCENT MERTALLA
CATARATA

RODOLFO EBOL MOLINA

known to me and to me known to be the same persons who executed the


foregoing instrument and acknowledged that the same as their free act and
voluntary deed.

This instrument consisting of two (2) pages including this whereon the
acknowledgement is written has been signed by the parties and their
witnesses on each and every page thereof and relates to a Compromise
Agreement

WITNESS MY HAND AND SEAL on the date and place first above-
written.

Doc. No. ____


Page No.____
Book No.____
Series of 2022.

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