MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Memorandum of Agreement (“Agreement”) made and entered into by and

between the following parties:

_________________, of legal age, Filipino, married, and currently residing at

_________________, hereinafter referred to as the “FIRST PARTY” ;

- and -

_________________, of legal age, Filipino, married and with office address at

_________________, hereinafter referred to as the “SECOND PARTY”;

WITNESSETH, THAT:

WHEREAS, the FIRST PARTY has invested in the company of the SECOND
PARTY named _________________. However, due to the recent unwanted turn of
events, the FIRST PARTY has suffered serious losses and thus, opted to withdraw its
investment in the SECOND PARTY.

WHEREAS, the FIRST PARTY conveyed its intention to withdraw its investment
less the necessary expenses and other fees incurred, which the SECOND PARTY has
accepted the same.

NOW, THEREFORE, for and in consideration of the foregoing premises, both

parties hereby mutually agree, THAT:

1. The SECOND PARTY agrees to return the investment of the FIRST PARTY in
the amount of _________________ (₱________) in full, on or before
June 25, 2018;

2. In the event of any default in payment on the abovementioned date set forth
herein, the SECOND PARTY agrees to pay the legal interest per month of delay,
including the payment of reasonable fees, costs of collection, and damages caused
to the FIRST PARTY, to the extent permitted by law;

3. This Agreement constitutes the complete and exclusive statement of the

agreement and the same shall be legally binding and enforceable upon the FIRST
and SECOND PARTY, as relates to the subject matter hereof and supersedes all
proposals, oral or written, and all other representations, statements, negotiations
and undertakings relating to the subject matter. Thus, no amendment,
modification or alteration of this Agreement shall be valid or binding on either party
unless expressed in writing and executed with the same formalities observed in
this Agreement;
 4. Any and all legal disputes that may arise between the concerned parties in this
Agreement must be settled amicably. Otherwise, it shall be judicially settled within
the Courts of Manila City to the exclusion of other courts; and

5. This Agreement shall be valid and binding upon signing of the same by the
FIRST and SECOND PARTY.

IN WITNESS WHEREOF, the PARTIES have hereunto set their hands this ___ day
of __________________ 2018 at _______________________.

________________________ ____________________

First Party Second Party

Signed in the presence of:

___________________________ ___________________________

ACKNOWLEDGMENT

Republic of the Philippines )

) S.S

BEFORE ME, personally appeared:

Name Gov’t Issued I.D. Date/Place Issued

known to me and to me known to be the same persons who executed the foregoing
Memorandum of Agreement and acknowledged to me that the same is their free and
voluntary act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and seal, the date and
place above written.

Notary Public

Doc. No.______;
Page No. ______;
Book No.______;
Series of 2018.