WITNESSETH THAT:
II.
a)
a) Undertake the donation of the parcel of land located at Maa, Davao City,
covered by OCT No. O-335 with an area of Forty-one Thousand Six
Hundred Sixty-two (41,662) square meters, more or less, to the FIRST
PARTY;
b) Undertake to donate the existing ten (10)-meter road (Gold Street) which
traverses through OCT 337;
g) Prepare and provide the Deed of Donation and all other legal documents
necessary for the transfer of the said parcel of land to the FIRST PARTY.
III.
EFFECTIVITY
This agreement shall take effect immediately upon signing hereof by all
the parties concerned.