WITNESSETH :
Whereas, the First and Second Parties operate a business of a bar known as
Golden Ruby Japanese Karaoke Bar which is located in J. Bernss Bldg, 19N Escario St.,
Camputhaw, Cebu City ;
Whereas, the Third Party upon agreement with the First and Second Party to
become an investor of the said business had invested money in the amount of TWO
HUNDRED SIXTY-THREE THOUSAND EIGHT HUNDRED EIGHTEEN PESOS
AND FIFTY CENTAVOS (P263,818.50) which includes the purchase of the items
necessary for the operation of the business in a total amount of ONE HUNDRED ONE
THOUSAND THREE HUNDRED SEVENTEEN PESOS (P101,317.00).
Whereas , the Third Party has decided to pre-terminate the agreement effective
October 14,2015 by way of a Notice to Pre-Terminate the Memorandum of Agreement
after learning of some practices in the operation and management of the said business by
the First and Second Parties which are prejudicial to his business interest;
Whereas, the First and Second Parties duly accepted and acknowledged the
Notice of Pre-termination of the Memorandum of Agreement furnished to them by the
Third Party.
NOW THEREFORE, for and in consideration of the foregoing premises, the
parties hereby agree, as follows :
I.
II.
III.
IV.
V.
VI.
_________________________
BASILIDEZ P. CABALLERO
FIRST PARTY
______________________
MARCELYN C. BISNAR
SECOND PARTY
________________________
JONATHAN T. CABLLERO
THIRDA PARTY
SIGNED IN THE PRESENCE OF :
1.____________________________
2.____________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES}
CEBU CITY
} S.S.
x------------------------------------------------/
BEFORE ME, a notary public of Cebu City, on the date and place above-stated,
personal appeared the following persons with their competent evidence of identity :
Names :
Identification Cards :
Date of Issue/Expiry:
___________________________________________________________________
Basilidez Caballero
___________________________________________________________________
Marcelyn Bisnar
Jonathan Caballero
known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and
deed. This instrument, consisting of three (3) pages, including this page upon which
this Acknowledgment is written has been signed by the parties and their witnesses at
each and every page and sealed with my notarial seal.
WITNESS MY HAND AND SEAL on the date and in the place first above
written.
Notary Public