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Agreement

This Agreement is made on 17 September 2016:

BETWEEN

PO3 FROILAN S ARQUIZA PCG, addressed Mampang, Zamboanga City,


hereafter referred to as Party A,

AND

SN1 RALPH FORTIUS M CUEVAS PCG addressed Ipil, Zamboanga


Sibugay, hereafter referred to as Party B.

WHEREAS;

1. On 15 September 2016 in the evening Party B borrowed the Motorcycle


owned by the father of Party A with Plate No. 4872JN only to eat dinner
nearby;

2. On 15 September 2016 on or about 09:30 in the evening, Party B

committed an accident somewhere in Tetuan, Zamboanga City which


resulted to multiple damages of the said motorcycle.

NOW IT IS HEREBY AGREED as follows;

Both parties expressed their sincerity in settling the case through amicable
negotiations and with the efforts of both parties referred to above, following
agreement is reached:

1. Both parties agree that a lump sum settlement agreement should be made
to cover all claims in relation to the damage to the motorcycle. Based on this,
Party A agrees to accept the payment based on the canvass of the spare parts
and repair of the motorcycle as the full and final payment for Party As all
claims, including labor costs in respect of the above mentioned claims.

Party B warrants that the payment of the amount based on the canvass shall
be paid to Party A thru cash when this agreement is duly signed by both
parties and upon verification of the amount to be paid by Party B.

3. Both parties agree that this settlement agreement is a full and final
settlement for the Party As claim. Party A warrants making no further claims
against other parties in any jurisdictions or any courts by the same issue,

nor detaining any properties belonging to other parties.

4. Party B warrants that he will issue the Receipt and Release to Party B to
confirm the safe receipt of the above mentioned amount and hereby discharge
Party Bs liability and the liability of any other relevant parties under this
case.

5. Party A warrants that he will provide all claim-related documents to Party


Bs internal use, when he issues the Receipt and Release.

6. This Agreement is made in duplicate, each party shall hold one original
copy.

7. This Agreement shall become effective upon the date of signature by both
parties authorized representatives.

8. This Agreement shall be governed by Philippines law and practice. Any


disputes arising from or in connection with this Agreement shall be referred
to the exclusive jurisdiction of the Philippines Court.

Party A:

Party B:

PO3 FROILAN S ARQUIZA PCG

SN1 RALPH FORTIUS M CUEVAS PCG

Date:

Date:

WITNESSES:

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