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MEMORANDUM OF AGREEMENT

KNOWN ALL MEN BY THESE PRESENTS:

This Memorandum of Agreement (MOA) made and entered into between;

Exclusive Unit Managers of 8990 Holdings Inc – Bacolod City

Lou belle Guartizo - Guartizo Group; Almira Villa – Molave Group; Lester John Tavera,- EL Tavera
Group; Edna Cocoy – Cocoy Group; Anna Villamor - Uni Group; Loida Quintilla - Quintilla Group;
Dothy Catubig - Catubig Group

WITNESSETH:

WHEREAS, it has been agreed to maintain a harmonious and professional working


relationship and healthy competition amongst the exclusive groups of Deca Homes Bacolod.

WHEREAS, in accordance with the common objective of maintaining harmony and healthy
competition, the Exclusive Unit Managers have finally agreed to provide a Uniformed Distribution of
Commission Rate of 3.5% to Head Brokers of Realty Firms.

WHEREAS, the mechanisms for promo incentives entitled to respective sales agents are
within the ambit of the sound discretion of the Exclusive Unit Managers.

WHEREAS, violation of the said agreement shall be a ground for payment of penalty
amounting to Php 100,000.00 due and demandable upon showing of clear and convincing evidence
which will be pass upon by other Exclusive Unit Managers.

WHEREAS, the Exclusive Unit Managers are mandated to issue a dated check for the
payment of the penalty incurred. MR. JAN MICHAEL SONZA

NOW, THEREFORE, for and in consideration of the foregoing, the PARTIES do hereby agree
to undertake its respective commitments under the following terms and conditions.

Effectivity – This Agreement shall be in force and effect upon the signing of this instrument by
the PARTIES.

IN WITNESS WHEREOF, the PARTIES have hereunto signed this Memorandum of


Agreement this ____ day of in Bacolod City, Philippines.

Exclusive Unit Managers

_________________ _________________

_________________ _________________

_________________ _________________

_________________
SIGNED IN THE PRESENCE OF:

_________________ _________________

_________________ _________________

_________________ _________________

_________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF BACOLOD ) S.S.

BEFORE ME, a Notary for BACOLOD City, the following persons’ has personally appeared:

Name CTC / I.D. No. Issued at Issued on

1.
2.
3.
4.
5.
6.
7.

All known to me and to me known to be the same persons’ who executed the foregoing
Memorandum of Agreement and who acknowledged to me that the same is executed by them in their
own free voluntary act and that of the Principals they represent.

The Memorandum of Agreement consists of two (2) pages including this page, all of which
pages bear their signatures and refers to the agreement herein-acknowledged.

WITNESS MY HAND AND SEAL this ____ day of _____________, 2017 in Bacolod City,
Philippines.

Doc No. _______


Page No. _______
Book No. _______
Series of 2017

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