Republic of the Philippines )

City of Puerto Princesa )S.S.

JOINT AFFIDAVIT OF UNDERTAKING

We ATTY. ARIEL A. ABIS, Filipino, of legal age, married and a resident of

Blk 7 Lot2, DJD Village, San Manuel, Puerto Princesa City, BRYAN JOSEPH
ESGUERRA JAMANTOC, of legal age, single, and a resident of 89 Malolos Ave.,
Bagong Barrio, Caloocan City, CLETO BALAGAS, JR., of legal age, married and
a resident of 125 Cotabato St., Bago Bantay, Quezon City and ADOLFO ACOSTA
MADARCOS, of legal age, married and a resident #27 Abad Santos Ext., Brgy.
Bagong Sikat, Puerto Princesa City after having been sworn in accordance with
the law hereby depose and state that:

1. That affiants BRYAN JOSEPH ESGUERRA JAMANTOC, CLETO BALAGAS,

JR. have been issued Special Power of Attorney by Mrs. Elizabeth Esguerra
– Schmidt formerly Elizabeth Esguerra Fries to offer for sale and negotiate
the price for the sale of a parcel of land located at Barangay Port Barton
San Vicente Palawan specifically described as Original Certificate of Title
No. E-17723;

2. THAT affiant ATTY. ARIEL A. ABIS is the hired lawyer of Mrs. Elizabeth
Esguerra – Schmidt formerly Elizabeth Esguerra Fries in an Accion
Publiciana case filed before the Regional Trial Court of Palawan Branch
95;

3. That affiant ADOLFO ACOSTA MADARCOS is the sole person task by the
affiants above with the blessing of Mrs. Elizabeth Esguerra Schmidt
formerly Elizabeth Esguerra – Fries to look for a potential buyer over the
said property;

4. That affiants agree to undertake and make sure that in the dealings of the
property to any future buyer assure that Mrs. Elizabeth Esguerra Schmidt
formerly Elizabeth Esguerra – Fries receives a guaranteed amount of
SIXTY-TWO MILLION THIRTY-EIGHT THOUSAND PESOS (Php
62,038,000.00) over the sale of the property;

5. That the affiants agrees to undertake ATTY. ARIEL A. ABIS, BRYAN

JOSEPH ESGUERRA JAMANTOC and CLETO BALAGAS, JR. shall receive
EIGHT MILLION PESOS (Php 8,000,000.00) each subject to negotiation;

6. That the affiants agrees to undertake that ADOLFO ACOSTA MADARCOS

shall receive a compensable amount over the sale of the abovementioned
property subject to the negotiation thereof;

7. That the affiants executed this affidavit of undertaking to support the sale
of the abovementioned property;

8. That the affiants are executing this affidavit of undertaking to attest to the
truth of the foregoing.

IN WITNESS WHEREFORE, I have hereunto set my hands this _____ day

of _________ May 2019 in the City of Puerto Princesa.

1
 ________________________________ ________________________________
ATTY. ARIEL A. ABIS BRYAN JOSEPH E. JAMANTOC

________________________________ ________________________________
CLETO BALAGAS, JR. ADOLFO A. MADARCOS

SUBSCRIBED AND SWORN to before me this ____ day of __________, 2019

in the City of Puerto Princesa, affiants exhibiting to me their identification Cards.

1. ATTY. ARIEL A. ABIS

2. BRYAN JOSEPH E. JAMANTOC
3. CLETO BALAGAS, JR.
4. ADOLFO A. MADARCOS

Notary Public
Doc. No. ___
Page No. ___
Book No. ____
Series of 2019