CONTRACT/AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Agreement made and entered into this ____ day of ____________
in __________, Philippines, by and between:

NESTOR A. MANIBOG JR., of legal age, Filipino, married and a

residence of B22 L17 PH-1 Dolmar Golden Hills Subdivision, Barangay Loma
De Gato, Marilao, Bulacan hereinafter referred to as the OWNER;

- AND -

RENATO T. AMURAO, of legal age, Filipino and with residence and

postal address at Phase 2 Dolmar Golden Hills Subdivision, Barangay Loma De
Gato, Marilao, Bulacan hereinafter referred to as the CONTRACTOR;

WHEREAS, the Owner and the Contractor orally entered into a

Contract of Service for the construction of Fence/Wall located at B38 L23
PH-2 Golden Hills Panorama, Barangay Loma De Gato, Marilao,
Bulacan on November 20, 2019.

WHEREAS, the subject lot where the Fence/Wall is to be constructed is

owned by the herein Owner.

WHEREAS, the Contractor agreed to construct the Fence/Wall for a

period of (3) three weeks or more specifically will be completed on
December 15, 2019.

WHEREAS, the contract price for the construction of the subject

Fence/Wall is EIGHTY-NINE THOUSAND FIVE HUNDRED TWO PESOS
(PHP 89,502.00).

WHEREAS, the subject construction was never completed due to the

fault of the Contractor.

NOW THEREFORE, in consideration of the foregoing and the further

covenants hereinafter set forth, the parties agreed as follows:

1. That the Owner will complete the construction of the subject Fence/Wall
at his own expense.

2. That the Contractor already received the amount of SEVENTY-NINE

THOUSAND PESOS (PHP 79,000.00) from the Owner.

3. That the Contractor already expressed his intention of terminating the

said Contract of Services despite failing to complete the subject lot on
the agreed period.
 4. This Compromise Agreement shall not affect nor prejudice any case or
cases between the parties not specifically referred to herein.

5. The signatories to this Agreement hereby represent and warrant that

they are duly authorized to execute this Agreement.

6. The parties or their assigns hereby WAIVE, RENOUNCE and

FOREVER QUITCLAIM all their respective claims and counterclaims
subject of the instant action as well as those that may arise therefrom,
in connection therewith or in relation thereto.

7. The foregoing covenants are not contrary to law, morals, or public

policy and the parties bind themselves to comply strictly with their
undertakings.

IN WITNESS WHEREOF, parties herein affixed their signatures on the

date and place above written.

________________________ _______________________
OWNER CONTRACTOR

Signed in the presence of:

____________________________ __________________________
 ACKNOWLEDGMENT

Republic of the Philippines)

City of Marilao Bulacan ) S.S.

BEFORE ME, a Notary Public, for and in the City of _________________, this
_____ day of _______________________ 2020 personally appeared:

NAME IDENTIFICATION CARD ISSUED ON/AT

all known to me to be the same persons who executed the foregoing instrument
and hereby acknowledged to me that the same is their free and voluntary act and deed.

This instrument consisting of ____ pages, including this page on which this
acknowledgment is written refers to a CONTRACT/AGREEMENT and has been signed
by the parties and their witnesses and sealed with my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No. ____

Page No. ____
Book No. ____
Series of 2020.