Memorandum of Agreement
Memorandum of Agreement
Memorandum of Agreement
1. The SECOND PARTY hereby undertakes to pay the FIRST PARTY the
amount of two million pesos (P2,000,000.00) on or before May 31, 2016.
For this purpose, the SECOND PARTY shall execute and deliver a non
negotiable promissory note, bearing the aforesaid material consideration in
favor of the FIRST PARTY upon execution of this MEMORANDUM OF
AGREEMENT, which promissory note shall form part as ANNEX A
hereof.
2. For and in consideration of the obligation of the SECOND PARTY, the
FIRST PARTY does hereby;
a. Sell, assign, transfer and set over unto the SECOND PARTY that
certain debt now due and owing to the FIRST PARTY by the FIFTY
SHADES CORP, to the amount of two million pesos (P2,000,000)
plus interest due and accruing thereon;
b. Grant the SECOND PARTY the full power and authority, for his own
use and benefit, but at his own cost and expense, to demand, collect,
receive, compound, compromise and give acquittance for the same or
any part thereof, and in the name of the FIRST PARTY, to prosecute,
and withdraw any suit or proceedings therefor;
c. Agree and stipulate that the debt assigned herein is justly owing and
due to the FIRST PARTY from the said FIFTY SHADES CORP, and
that the FIRST PARTY has not done and will not cause anything to be
done to diminish or discharge said debt, or to delay or prevent the
SECOND PARTY from collecting the same; and;
d. At the request of the SECOND PARTY and the latter's own cost and
expense, to execute and do all such further acts and deeds as shall be
reasonably necessary for proving said debt and to more effectually
enable the SECOND PARTY to recover the same in accordance with
the true intent and meaning of the arrangements herein.
IN WITNESS WHEREOF, the parties have caused this
MEMORANDUM OF AGREEMENT to be signed on the date and place
first written above.
_______________________
So Fine-ancial and Lending Corp
(Signed thru its President,
Geoff Eigenmann)
FIRST PARTY
____________________
Pia Alonzo Wurtzback
SECOND PARTY
__________________________
MIRIAM DEFENSOR-SANTIGO
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
CITY OF MANILA
) S.S.
BEFORE ME, this 27th day of April, 2016 in the City of Manila,
personally appeared:
Name
Place and
Date of Issue
Geoff Eigenmann
Philippine Passport
Manila,
11/2011
Philippine Passport
Manila,
11/2014
Drivers License
Manila,
09/2015
Drivers License
Antipolo,
09/2013
Carl Fredson Au
NOTARY PUBLIC for Manila
Commission Serial No.______
Until December 31, 2016
Roll of Attorney_______
IBP No.________
PTR No._______