MEMORANDUM OF AGREEMENT

KNOW ALL BY THESE PRESENTS:

This Memorandum of Agreement is being executed and covenanted
this ____ day of _____________________ in Quezon City, Metro Manila by
and between:
ERNIE D. ARIMALA, of legal age, Filipino, widower and a resident
of Brgy. Culiat, Quezon City, Philippines, hereinafter represented by Atty.
Danny F. Villanueva, Attorney-in-fact referred to as the First Party/
Owner as per Deed of Absolute Sale from the registered owner Domingo
Dela Cruz.
AND

MICHAEL G. ESTORCO and ANGELO D. TUNGALA, both of legal

age, Filipinos with residence address at Lot 24, Blk. 74 Brgy. North
Fairview, Quezon City and at No. 204 Eagle Court Condominium, Quezon
City, hereinafter referred to as the Second Party/Agents;

WITNESSETH:

WHEREAS, the First Party is the owner of the property/parcel of

land covered by Transfer of Certificate of Titles (TCT) No. and more
particularly identified as:
Transfer of Certificate of Title Nos. 53073 (Lot 2) & 53074 (Lot 4)
For the Registry of Deeds of Quezon City
Location: Lot 2 Blk. 75 Commonwealth Avenue Ext.,
Brgy. North Fairview, Quezon City
Lot 4 Blk.75 Commonwealth Avenue Ext.,
Brgy. North Fairview, Quezon City
Area: 1,200 sqm.

That the aforementioned property is subject for sale in the

amount of THIRTY THOUSAND PESOS (P30,000.00) per square
meters;
That both parties agreed ERNIE D. ARIMALA, Atty. Danny
F. Villanueva and the agents Michael G. Estorco and Angelo D.
Tungala has offered for FIVE THOUSAND PESOS(P5,000.00) per
square meters and will be divided equally by the agents Michael G.
Estorco and Angelo D. Tungala;
That this agreement shall be valid until revoked by the parties;
IN WITNESS WHERE, the parties have hereunto set our hands and
affixed our signature this______ day of ___________________________2024
at Quezon City.

ERNIE D. ARIMALA MICHAEL G. ESTORCO

First Party Second Party

Atty. Danny F. Villanueva ANGELO D. TUNGALA

Attorney-in-fact Second Party

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

QUEZON CITY, METRO MANILA ) S.S.
Before me in _______________, Philippines, personally appeared the
following:
Name Government Issued ID
ERNIE D. ARIMALA
Atty. Danny F. Villanueva
MICHAEL G. ESTORCO
ANGELO D. TUNGALA

With their respective IDs exhibited to me for their identification and

acknowledgement that the foregoing MEMORANDUM OF AGREEMENT
consisting of two (2) pages including this acknowledgment are their own
free and voluntary act and deed and of the entity herein represented
signed on the left margin of pages and signature hereof.
WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No.____
Page No.____
Book No.____
Series of 2024.