COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Agreement, made and entered into this __ TH day of
_____________, 2016, in the City of Manila, Philippines, by and
between:
ARNOLD MANCAO of legal age, married,
Filipin and working as a surgeon at St. Lukes
Medical Center and resident of Global City,
Taguig Philippines referred to as the FIRST
PARTY;
- and KAREN MANCAO of legal age, married,
Filipino, working as University Professor at the
University of the Philippines and a resident of
Pasay City, Manila Philippines hereinafter
referred to as the SECOND PARTY;

W I T N E S S E T H:
WHEREAS, the FIRST PARTY is married to the SECOND
PARTY (Reproduced photocopy of the marriage contract is hereto
attached as Annex A)
WHEREAS, the FIRST PARTY and the SECOND PARTY are 25
years married but due to irreconcilable interest they are now separated
de facto.
WHEREAS, the FIRST PARTY and the SECOND PARTY have
three (3) minor children namely
A. Dani Mancao - currently a second year college student at St. Benilde,
Alabang.
B. Julia Mancao - third year high school student at St. Pauls College in
Manila
C. Claudia Mancao - Grade 6 student at St. Pauls College in Manila
WHEREAS, the FIRST PARTY has agreed with SECOND
PARTY to give support to the SECOND PARTY and their minor
children
NOW, THEREFORE, the FIRST PARTY and the SECOND
PARTY hereby agree and covenant that the FIRST PARTY will support
to the SECOND PARTY and their minor children under the following
terms and conditions, to wit:

COMPROMISE AGREEMENT - CJC LAW

1. DATE OF EFFECTIVITY. The said Memorandum of Agreement

executed by parties takes effect upon the signing of this
instrument.
2. That custody of the minor children will remain with the SECOND
PARTY.
3. That the FIRST PARTY shall give a monthly allowance to the
SECOND PARTY in a sum of sixty thousand pesos (P60,000.00)
to cover their day to day expenses the childrens allowance
including groceries and the childrens needs.
4. That the FIRST PARTY shall pay the 50% tuition fee of the
children in the schools they are currently enrolled and the
SECOND PARTY shall pay the rest.
5. That the FIRST PARTY shall be allowed once a week by the
SECOND PARTY to go out with their children.
6. That in cases of hospitalization and other untoward incidents that
may happen with their children the FIRST PARTY and the
SECOND PARTY agrees to divide among themselves
proportionally the expenses incurred.
7. That the FIRST PARTY agrees to lend his Toyota Fortuner 2016
model with plate AAG 6657 to the SECOND PARTY for the
purposes of sending the children to school and using it for their
childrens needs.
8. The parties hereby agree that they willingly, readily and
voluntarily enter the covenant and provisions stated herein and
that the same shall be binding to them.
IN WITNESS WHEREOF, we have hereunto set our hands this
_____
day of _______________, 2016, in the City of Manila,
Philippines.

___________________
ARNOLD MANCAO
FIRST PARTY

___________________
KAREN MANCAO
SECOND PARTY

Signed in the presence of:

MARLEY LABRADOR & KEIRA BELGIAN MALIONIS

ACKNOWLEDGEMENT

COMPROMISE AGREEMENT - CJC LAW

REPUBLIC OF THE PHILIPPINES

CITY OF Manila ..) S.S.
/ ------------------------------------ /
BEFORE ME, A Notary Public for and in the City of Manila, personally
appeared:
Name / Parties

Community Tax
Certificate No. / ID

Issued at

Issued on

ARNOLD MANCAO

L02-1234567

Manila

June 2016

KAREN MANCAO

CTC No.
0526892016

Manila

June 2016

known to me and to me known to be the same person who executed the

foregoing instrument and they acknowledged to me that the same is their
free voluntary act and deed.
This instrument consisting of three ( 3) pages including this page
wherein the acknowledgement is written and duly signed by the parties and
their instrumental witnesses on each and every page thereof, refers to the
Memorandum of Agreement between parties
WITNESS MY HAND AND SEAL,
_________ , 2016, at Davao City, Philippines.

this

Doc. No. ___;

Page No. ___;
Book no. ___;
Series of 2016

COMPROMISE AGREEMENT - CJC LAW

__________

day

of