AGREEMENT

KNOW ALL MEN BY THESE PRESENT:

This AGREEMENT made and entered into by and between:

GOLDEN HILLS SUBDIVISION, herein represented by: LIZA R. MOLINAR, of

legal age, married; JOY P. BAQUIRAN, of legal age, married; NELLIE PALATINO, of
legal age, married; ARNEL R. ALVINDA, of legal age, single; CECILIA L. AGUILAR, of
legal age, married; and JUDY G. LIMSA, of legal age, single; all Filipino and residence of
Libis, San Pedro, Barangay Bancao- Bancao, Bgy. Bancao-Bancao, New Buncag, Bgy.
Mandaragat, bgy. San Jose, Bgy. Iwahig, Bgy. Bancao-Bancao, and Bgy. San Pedro, all in
the city of Puerto princesa city, respectively, herein referred to as the FIST PARTY;

And RODERIC D. CUENCO, of legal age, Filipino, married and a resident of Barangay San
Manuel, Puerto Princesa City, herein after referred to as the SECOND PARTY.
W I T N E S S E T H: THATWHEREAS, the FIRST PARTY are the officers of GOLDEN HILLS SUBDIVISION to be
registered with the HOUSING and Land Use Regulatory Board (HLURB), Quezon City;
WHEREAS, this registration pertains to the development of a certain parcel of land
owned by Ms. Amparo Ignacio, identified as Lot No. _______________, containing an area of
__________________________________
(
) square meters, covered by Transfer Certificate of Tittle No. _______________,
situated at Bgy. Sta. Monica, Puerto Princesa City;
WHEREAS, the FIRST PARTY offers for sale to the SECOND PARTY, the PORTION of
lot __________________, consisting of __________________( ) SQUARE METER, more or less,
to be developed as a housing project for sale to interested buyers and landless residents
of Puerto Princesa City;
WHEREAS, the SECOND PARTY hereby signify his intention to buy a portion of said
real property;
WHEREAS, the FIRST PARTY requires the SECOND PARTY to pay the EARNEST
MONEY amounting to EIGHT HUNDRED THOUSAND PESOS (Php 800,000.00) Philippine
Currency, before the execution of any document pertaining to the sale of the said real
property and the SECOND PARTY agreed to the proposal of the FIRST PARTY;
WHEREAS, it is in this regards that the FIRST PARTY would like to borrow money
from the SECOND PARTY;
NOW, THEREFORE, for and in consideration of the foregoing premises, the parties
hereto hereby agree as follows:

1. That the amount to be barrowed by the FIRST PARTY from the SECOND PARTY is EIGHT
HUNDRED THOUSAND PESOS (Php 800,000.00), Philippine Currency;
2. That the EIGHT HUNDRED THOUSAND PESOS (Php 800,000.00) is being borrowed
purposely for payment of EARNEST MONEY to the land owner, AMPARO IGNACIO;
3. That the PRINCIPAL amount of Php 800,000.00 borrowed by the FIRST PARTY from the
FIRST PARTY shall be paid in SIXTY (60) DAYS only, effective on Wednesday, June 1, 2016
until August 31, 2016;
4. That there should be no interest in cash to be paid to the SECOND PARTY but instead, the
FIRST PARTY shall ensure that one (1) lot allocated for free to the SECOND PARTY;
5. The parties hereto shall faithfully comply with the terms and conditions of this
Agreement;

IN WITNESS WHEREOF, we have hereunto set our hands this ________________________ in

the City of Puerto Princesa.
GOLDEN HILLS SUBDIVISION
Represented by:
LIZA R. MOLINAR
First Party
SSS ID No. 01-1854688-3

JOY P. BAQUIRAN
First Party
SSS ID No. 04-3272316-2

NELLIE PALATINO
First Party
Phil health IN No. 09-201195528-4

NELSON D. INFANTE
First Party
DL-D11-91-017070, LTO, Q.C

MARPHY DELO SANTOS

First party
CRN-0004-3059774-3

ARNEL R. ALVINDA
First Party
DL-D11-09-001263, LTO, Q.C

CECILIA L. AGUILAR
Fist Party
SSS ID No. 33-0362934-7

JUDY G. LIMSA
First Party
TIN: 419-615-595-000

RODERIC D. CUENCO
SECOND PARTY
TIN: 926-663-564
Issued By: BIR, Puerto Princesa City

AGREEMENT/PAGE THREE (03)

SIGNED IN THE PRESENCE:

RONALD AGUILAR

FLORANTE MOLINAR

ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CITY PUERTO PRINCESA
) S.S
BEFORE ME, a Notar Public for and in the city of Puerto Princesa, Personally came
and appeared the above named persons with their valid IDs written below their names,
all know to me and to me known to be the same person who executed the foregoing
Deed of Absolute Sale, and they acknowledged to me that the same is their free and
voluntary act and deed.
This instrument consists of three(03) pages including this page whereon the
acknowledgement is written, duly signed by the parties and their witness on each and
every page hereof.
WITNESS MY HAND AND SEAL, this __________________________ at Puerto Princesa
City.