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-and-
WITNESSETH:
WHEREAS, the SECOND PARTY is the broker/agent representing CCCC of DDDD for the
purchase of the property covered by Transfer Certificates of Title (TCT) Nos. 00000 A. Mabini St.
Manila, for which the SECOND PARTY is entitled to half of the Commission/Fee of THREE (3%)
PERCENT (“Total Commission”) for locating a suitable buyer for the said properties.
WHEREAS, the SECOND PARTY partnered with an organized sales group (“Sub-Agents”)
doing international sales operations, by whom the client was identified.
WHEREAS through the indispensable contribution and efforts of the SECOND PARTY and its
partners, the Properties are now under the consideration by MIND BE BRIDGE ASSOCIATION and is
pending execution of operative documents.
WHEREAS, both the FIRST PARTY and the SECOND PARTY have agreed to distribution of
the proceeds of the Commission which will be settled by the FIRST PARTY or SELLER in
accordance with the Terms and Conditions hereunder set forth.
WHEREFORE, for and in consideration of the foregoing premises and in further consideration
of the terms and conditions hereunder set forth, the Parties do hereby AGREE, and BIND
THEMSELVES, to wit:
1. NET SELLING –The second first party shall offer the property on a Net Selling
Arrangement, wherein the Seller second party shall be entitled to the Net Selling Price of
Php 600,000,000.00, for which, an over price of PhP150,000,000.00 as prescribed by the
Sub-Agents is presented to the client.
2. SHARING – under all circumstances, remuneration amongst the SECOND PARTY, ATS
Grantor and Sub-Agents shall be as follows (the “RESPECTIVE SHARE” for brevity),
1.5% of the Net Selling Price; SECOND PARTY
1.5% of the Net Selling Price; ATS Grantor
PhP150,000,000.00 or any amount over and above Net Selling Price; Sub-Agents
3. DELIVERY – the RESPECTIVE SHARE of the SECOND PARTY and the excess of the
net selling price shall be paid within ten (10) calendar days from receipt of the FIRST
PARTY of the PURCHASE PRICE or any portion thereof, without further need of
demand.
4. TAXES – in case of any applicable tax, the SECOND PARTY shall be responsible ONLY
for the corresponding taxes of the amount for the portion over and above the selling
price of Six hundred Million (PhP600,000,000.00).This shall be deducted from the Net
Selling proceeds.
6. NON-WAIVER – the failure or delay to strictly enforce any right under this agreement
shall not be construed as a waiver thereof. No waiver shall be legally binding unless
expressly reduced into writing.
IN WITNESS WHEREOF, we hereunto affix our signatures this __ day of April 2019, in
__________ City.
________________ ________________
First Party Second Party
WITNESSED BY:
____________________ __________________
ACKNOWLEDGMENT
………………… . . . . . . . . . . . . . ) S.S.
BEFORE ME, a Notary Public for and in the above place and jurisdiction, on this
___________________, personally appeared the following who have satisfactorily proven to
me their identities upon presentment of acceptable identification documents:
________________
Mariflor T. Lilagan
_________________
This Brokers Fee Confirmation Agreement consists of three (3) pages, including this
page on which the Acknowledgement is written, and is signed by the parties hereto, together
with their instrumental witnesses, on each and every page hereof.
WITNESS MY HAND AND SEAL, on the date and at the place first above-written.
Doc. No._____;
Page No. _____;
Book No. _____;
Series of 2019