Contract of Sale of Land

AGREEMENT OF PURCHASE

Th agreement is by Martina Jacinto, Marielle Britania, and Daniel Vitug (“Seller”).

WHEREAS, the Institution considers it to be in its best interest to purchase the Parcel of Land for
custodial care and suitable public service, and is willing to purchase the Parcel of Land under the terms
outlined below;

NOW, THEREFORE, the parties hereby agree as follows:

​ 1) Purchase. The Sellers agree to sell, and the Institution agrees to buy the Parcel of Land in
Quezon City for a total purchase price of P 9,500,000. . After receiving the parcel of land, the
Institution must start paying the Purchase Price.
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​ 2) Copyright.
​ a) The Seller hereby dedicates to the public domain such intellectual property as the
Seller may own in the Parcel of Land. OR
​ b) Any intellectual property that the Seller may have in the parcel of land is transferred
and assigned by the Seller to the Institution in this document. OR
​ c) Any intellectual property that the Seller may have in the Parcel of Land is thus
dedicated to the public domain.

3) The BUYER shall be entitled to a full refund plus 5% interest per month in the event that the
SELLER was unable to meet any of the duties stipulated in this Contract to Sell.

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​ 4.) The buyer is not permitted to pledge the property as security for any of his debts or to
voluntarily hold it as such.

5.) The Seller may be able to stipulate within the five year period.
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​ 6.) Warranties and Indemnifications.
​ a.) Warranty of Title. The Seller represents and warrants that the property being
transferred under this agreement has a free, clear, and undivided title, and that the Seller
is the true and rightful owner of the property. Furthermore, the seller affirms and
guarantees that she is authorized to sell the property in question.
​ b.) Permission to sign the contract. By signing this document, the seller guarantees that
the seller has the legal capacity to do so.
​ c.) Seller Indemnification. Seller's Insurance. The Seller agrees to indemnify and save
harmless the Institution from and against any and all claims, lawsuits, actions, damages,
loss, costs and expenses (including attorneys’ fees), and demands, by third parties, that in
any manner result from the Seller’s breach of the Seller’s warranties and undertakings in
this agreement. The Seller's heirs, administrators, executors, and assigns are all bound by
this indemnification.
​ d.) Publicity. Before using the Institution's trademarks or trade names, images, or
holdings (collectively, "Proprietary Marks"), Seller must first receive written consent
from the Institution. This applies to all uses, whether they appear online, in print, or in
any other kind of media. Once approved, similar usage in the same context and format
will not require additional clearance. The Institution's point of contact for these reviews
is__________________________.
​ 7) In accordance with Article 1599, in the event that the seller breaches a warranty, the buyer
may, at his discretion, rescind the sale, refuse to accept delivery of the goods, or, if the goods have
already been delivered, return the goods or make a return offer to the seller in order to obtain a
refund of the price or any portion that has already been paid.
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​ a) Nothing in this agreement is intended or is to be deemed to create a partnership or joint

venture between the Institution and the Seller.
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​ b) The remaining clauses of this agreement will still be in full force and effect even if a specific
clause, covenant, or provision is found to be invalid or unenforceable.
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​ c) Any party's performance under this agreement is excused during the time that it is prevented or
delayed by governmental restrictions, conflict or hostilities, insurrection or civil disorder, or any
other similar or dissimilar causes that are beyond the control of either party and are not foreseen
at the time the agreement is signed.
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​ d) The parties hereto may execute this agreement in counterparts, each of which, when
performed and delivered, shall be deemed an original and all of which, when combined, must
include a single instrument.
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​ e) All prior agreements and understandings between the parties on the subject matter of this
agreement are superseded by and made no part of this agreement, which serves as the entire
agreement between all of the parties.

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The effective date of this agreement is the last date of signature below.

For the Institution

By:

NAME ADDRESS: For the Seller

Date: March 23, 2023 By: _Martina Jacinto, Marielle Britania, Daniel
Vitug
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NAME ADDRESS: 2401 Taft Ave, Malate,

Manila, 1004 Metro Manila