Minutes of the meeting with Ms. Rosario Mamaril vda de Endozo at Gateway Mall in Cubao last August 12, 2017

Minutes of the meeting by and among Holy Gardens Pangasinan and Ms. Rosario Endozo, owner of Malasiqui Pangaisinan property

Members Present:

For the vendor

Ms. Rosario Mamaril vda de Endozo    land owner

Ms. Rhodra Endozo de la Cruz

Atty Julian Jojo Torcuator   lawyer for the land owner

For the vendee

Pangasinan San Carlos Gardens Inc

 Jorge Saguinsin

 Madelene R. Saguinsin

1.  The vendors presented the complete set of documents:   certified xerox copies of TCTs, tax declaration, tax receipts plans  (the Extra Judicial Partition with waiver of rights shall be presented delivered by Ms. de la Cruz in Taytay)  The vendee presented the corporate papers of Pangasinan San Carlos Gardens Inc

2. These were the changes to be made between Atty Jojos draft

    1.Quarterly payment vs. monthly payment    -  OK

    2.  No PDCs                                                 OK

    3. Down payment           two gives                  OK

                 50% in  August

                 50% in September

       provided that no possession shall happen unless 50% dp has been completed

       that the vendor in the CTS empowers, authorizes the vendee to represent her in her behalf in application for govt permits, and other documents that may be required as the VENDEE applies for permits

    4.  With regards to Sec. 4 Rule 74:

        1.  The EJ executed by and and among the heir of Ernesto, which included his children by first marriage was with waiver of rights for which Ms. Rosario paid more than 1 million

        2.  The Vendors will have the annotation removed by April 2018, prior to the end of the installment period, Deed of Sale Execution

   5. That with regards to the CGT, the Vendor insist on that the P500.00 is net of CGT which should be shouldered by Vendee                                 OK

    The only remaining task is for Atty Jojo to make a new draft, discuss with Ms. Rosario, confer with Ms. Madel,in two weeks time, and then have the signing and delivery and acceptance of first down payment

Approved/agree.

August 12, 2017 at Phoa Restaurant, 2f Gateway, Cubao  QC

--

Jorge U. Saguinsin

To "be the best, do your best, expect the best" always

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