MEMORANDUM OF AGREEMENT

(MOA)
Century Communities Corporation and Century Properties Inc.
-and-

____________________________
(Employee)

KNOW ALL BY THESE PRESENTS:

This Memorandum of Agreement made and entered into _____ day of _________2016
by and between;
Century Communities Corporation and Century Properties Inc., domestic
corporation duly organized and existing under the laws of the Republic of the Philippines, with
office address at 21st Floor Pacific Star Building, Sen. Gil Puyat Ave., corner Makati Ave.,
Makati City, represented by Jose Carlo R. Antonio, hereinafter referred to as the FIRST
PARTY.

-and-

__________________, Filipino, of legal age and a resident of ____________

__________________ and regular employee of FIRST PARTY, hereinafter referred to as the
SECOND PARTY

FIRST PARTY and SECOND PARTY are hereinafter referred to as the PARTIES;

WHEREAS, the FIRST PARTY is engaged in the business of upscale real estate
marketing, management and development in the Philippines, SECOND PARTY is a regular
employee of the FIRST PARTY.
WHEREAS, the FIRST PARTY will provide a housing program to the SECOND
PARTY based on the following:
Obligation of the FIRST PARTY
The FIRST PARTY shall provide a __% discount of the TCP of the Canyon
Ranch House Unit.
The FIRST PARTY shall co-pay the monthly amortization of P_______ for the
first year of the financing and shall co-pay a maximum amount of P_______ for
succeeding years until the end of the financing for as long as the SECOND
PARTY is an employee of the FIRST PARTY.

Obligation of the SECOND PARTY

The SECOND PARTY shall avail of a bank financing loan, assisted by the FIRST
PARTY, to pay off the discounted TOTAL Contract Price of the property. The
SECOND PARTY choose from 5 to 20 years as term of loan.
The housing program shall be in lieu of salary increase and the discretionary 14 th
month performance bonuses for zero years.
The SECOND PARTY shall work for the FIRST PARTY for a minimum of 5
years for the time of availment of the property. This period is the Retention
Period.
o If the SECOND PARTY does not complete the Retention Period, the
property goes back to FIRST PARTY and all payments / discounts shall
be forfeited. The SECOND PARTY shall have the option to retain the
property provided that he/she immediately reimbursed the entire forfeited
amount (including discounts and co-employments) to the FIRST PARTY
within 60 days and assumes monthly payments to the bank until full
payment.
o If the SECOND PARTY completes the Retention Period, but leaves the
FIRST PARTY after the Retention Period, FIRST PARTY shall no longer
co-pay the monthly amortization of the SECOND PARTY who will now
be obliged to pay for the entire monthly amortization to the bank until
fully paid.

Miscellaneous Provisions

The miscellaneous fee is already included in the Total Contract parties, which
shall be paid for by FIRST PARTY.
The title of the house shall be placed in the name of the SECOND PARTY.
Prepayment of loan balance
o In the event the SECOND PARTY opt to pay off the loan balance prior to
maturity date in the original term, the FIRST PARTY may help the
SECOND PARTY by paying its share on the co-pay agreement based on
shorten term, but this assistance shall be purely discretionary to the FIRST
PARTY. Non-Exercise of the FIRST PARTY of its discretion under this
provision in favor of the SECOND PARTY shall not expose the FIRST
PARTY to any further obligation in favor of the SECOND PARTY.

IN WITNESS whereof, we have hereunto signed this Agreement this ____day of

__________2016, in the place above-written

FIRST PARTY
Century Communities Corp.
Century Properties Inc.
Represented by:

SECOND PARTY