Annex "E": Memorandum of Agreement
Annex "E": Memorandum of Agreement
MEMORANDUM OF AGREEMENT
Dr. Felipe C. Roque, of legal age, Filipino, married, Filipino, and with residence and
postal address at 1667 K Street NW, Don Antonio Heights, Quezon City, hereinafter
referred to as the FIRST PARTY.
-AND-
WITNESSETH;
WHEREAS, the FIRST PARTY is the registered owner of a parcel of land, with an
approximate area of Two Thousand Thirty Six (2,036) sq.m. more or less, situated at
Plaza Novaliches, Quezon City, covered by Transfer Certificate of Title No. 30591 of the
Registry of Deeds for the City of Quezon, a copy of which is attached herewith as Annex
"A" (hereinafter the "Leased Premises");
NOW, THEREFOR, for and in consideration of the foregoing premises and the terms
and conditions herein set forth, the parties hereby agree and bind as follows:
1. That the SECOND PARTY shall construct, develop and operate a commercial
building complex on the herein property of the FIRST PARTY.
2. Upon signing of this agreement, the SECOND PARTY shall pay as down payment
the amount of TWO HUNDRED FIFTY THOUSAND (PHP250,000.00) to the FIRST
PARTY.
3. The FIRST PARTY, upon signing of this agreement, is given 60 days to cause the
necessary annotations on this MEMORANDUM OF AGREEMENT on TCT No. 30591.
_____________________ _____________________
FIRST PARTY SECOND PARTY
ACKNOWLEDGMENT
This instrument consisting of two (2) pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each and every page
thereof by the parties and their witnesses, and sealed with my notarial seal.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal,
on the day, year, and place above written.
Doc.No. ______
Page No. ______
Book No.______
Series of 2015.