Compromise Agreement-Farmacia Domeng

COMPROMISE AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This agreement is entered in to this ____day of _____________ 2024, in the City of San
Fernando, Pampanga, Philippines, by and between –
999 Seth Pharmaceutical Inc., a company engaged in the selling

and distribution of pharmaceutical products, and with address
at J.P Rizal Cor. Jaena St. Kalayaan Village Barangay Quebiawan,
City of San Fernando, Pampanga and represented by its Legal
Officer MARK LOUIS B. BATI, herein referred to as the “FIRST
PARTY”; -and-
WESTLEY BOLIMA BUITIZON, Filipino, of legal age, owner of

Farmacia Domeng and with address Unit No. 2 Ballano Bldg.,
Purok 1, Brgy. San Pedro, Sto. Domingo Albay herein referred to
as the “SECOND PARTY”
-WITNESSETH -
WHEREAS, SECOND PARTY is a valued client of the FIRST PARTY engaging in the
purchase of various pharmaceutical products;
WHEREAS, as part of their business relationship, SECOND PARTY has heretofore issued
post-dated checks to FIRST PARTY as a form of payment for the aforementioned pharmaceutical
products, which were subsequently returned/ bounced and annotated “Account Closed”
WHEREAS, the FIRST PARTY filed a case for B.P Blg. 22 against the SECOND PARTY
entitled “People of the Philippines vs. WESTLEY BOLIMA BUITZON, pending before the
Municipal Trial Court in the Cities, Branch 4, San Fernando Pampanga, docketed as Criminal
Case No. 23-249 to 23-251, hereinafter referred to as “the Case”.
WHEREAS, the SECOND PARTY represented by Ms. Emi Marie Q. Ranara has settled
the civil aspect arising from the above-mentioned case thru bank transfer, Regrettably the sum
remitted failed to fully discharge the obligations owed to the FIRST PARTY. Additionally, the
FIRST PARTY incurred litigation expenses and other ancillary costs;
NOW, THEREFORE, in consideration of the foregoing premises and mutual promises

contained herein, parties hereto agree as follows:
1. The SECOND PARTY hereby agrees to promptly settle the outstanding balance
totaling to THIRTY-THREE THOUSAND SIXTY-FIVE PESOS AND 11/100
(P33,065.11) comprising the following components:
• Unpaid Invoices totaling P19,435.00
• 6% interest calculated from the Total Principal amounting to
P5,785.11
• Filing Fee’s totaling to P7,845.00
2. The SECOND PARTY shall remit the equivalent sum of SIX THOUSAND SIX
HUNDRED THIRTEEN PESOS AND 02/100 (P6,613.02) on a monthly basis,
commencing from February 2024 and continuing until June 2024, with each
payment due on the 30th day of the respective month.
3. All Payments issued by the SECOND PARTY must be deposited thru the FIRST
PARTY Bank, with details to wit:
• BDO Account Name: 999 Seth Pharmaceutical Inc.
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• BDO Account Number: 435-0077-149
Upon Deposit, the SECOND PARTY will send a copy of the deposit slip to the
Email of the FIRST PARTY for verification, email details are to wit:
• roymed999legal@gmail.com
4. That in case the due date falls on a non-working day, or is declared a holiday or
work is otherwise suspended by other natural causes, payment shall be made by
the SECOND PARTY on the next business day;
5. That in the event SECOND PARTY fails to pay any of the monthly installments
when due, the entire obligation shall become due and demandable without the
need of a demand;
6. The parties hereto hereby expressly warrant that all consent and requirements
necessary for them to enter into this agreement have been duly obtained/
secured/ complied with.
7. Any legal action arising from this contract shall be filed in City or in the City of
San Fernando (P).
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands this ____ day
of _____________ 2024 in the City of San Fernando, Pampanga, Philippines.
999 Seth Pharmaceutical Inc. WESTLEY BOLIMA BUITIZON

Duly Represented by: Represented By:
MARK LOUIS BATI EMI MARIE Q. RANARA
Signed in the presence of:
__________________________ ________________________
Republic of the Philippines )

City of San Fernando, Pampanga) S.S.
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of San Fernando, Pampanga,
Philippines, personally appeared:
Government ID No. Issuance/Expiration Date
MARK LOUIS BATI MULTI-PURPOSE ID CRN 0111-8326798-9
WESTLEY BOLIMA BUITIZON PRC ID 0071772 VALID 8/29/2026
EMI MARIE Q. RANARA
All known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and deed.
This instrument consisting of three (2) pages, including the page on which the acknowledgement
is written, has been signed by the parties, as well as their witnesses on each and every page
hereof.
WITNESS MY HAND AND SEAL on this __ day of _______________ at the place first
written above
Doc. No. ____:
Page No. ____:
Book No. ____:
Series of 2024
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COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

999 Seth Pharmaceutical Inc., a company engaged in the selling

WESTLEY BOLIMA BUITIZON, Filipino, of legal age, owner of

NOW, THEREFORE, in consideration of the foregoing premises and mutual promises

• BDO Account Name: 999 Seth Pharmaceutical Inc.

999 Seth Pharmaceutical Inc. WESTLEY BOLIMA BUITIZON

MARK LOUIS BATI EMI MARIE Q. RANARA

Signed in the presence of:

Republic of the Philippines )

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