Compromise Agreement

COMPROMISE AGREEMENT KNOW ALL MEN BY THESE PRESENTS: This Compromise Agreement is made and entered into by and among:

_________________________ of legal age, married, Filipino and a resident of 2691 J. Esguerra Street , Punta , Santa Ana , Manila, and is hereby denominated as the First Party; and

______________________________ of legal age, married, Filipino and a resident of 2353 M. Colayco Street, Pasay City, and is hereby denominated as the Second Party. WITNESSETH: That the above-named parties are spouses with three (3) children, namely: That the above-named parties freely, voluntarily and knowingly entered into this compromise agreement with respect to the Custody, Visitation Rights, and Support of the said minor children;

TERMS AND CONDITIONS 1. That the First Party and the Second Party stipulates that they will have SHARED CUSTODY of their three minor children, namely _____________________________; 2. That the parties stipulates that the Second Party (Racquel Nulud) shall have exclusive custody of their three minor children every Mondays, Tuesdays and Wednesdays of the month starting October 1, 2008; while the First Party (Madison Nulud) shall have exclusive custody of the same minor children during Thursdays, Fridays, Saturdays and Sundays of the month, starting from October 1, 2008; 3. The parties further stipulates that the parties shall swap schedules of custody at the start of every other month following October 1, 2008; This alternate schedules shall be diligently observed in good faith by both parties as long as this agreement is valid under existing laws of the Republic of the Philippines; 4. That the parties agrees that neither shall perform any act or omission which would interfere, hinder, prevent or would tend to interfere, hinder or prevent in any way the exercise of parental authority of the other party over their minor children while the same is in his/her exclusive custody;

5. That the parties stipulates that they undertake the obligation of fetching their minor children from place of residence of the other; if said is done for the purpose of exercising their rights as stated in this compromise agreement; 6. That the parties stipulates that neither shall perform any act or omission which would result in any embarrassment or harm to the other while the same is validly exercising his/her rights under this agreement; 7. That the parties agrees and voluntarily obliges themselves to give, deliver and support - without further demand - the said minor children; However, this agreement with respect to the monthly support of the said minor children may vary depending on the needs of the latter and therefore may be increased proportionately in order to meet the needs of the minor children; 8. That any violation of this compromise agreement by any party shall be a ground for the other party to seek relief before the courts of justice or any other venue or office where similar relief can be sought; 9. That both the First Party and Second Party mutually agree that they will not interfere or mingle with the private life of either of them to avoid possible confrontation brought about by jealousy or any other reason; 10. That this compromise agreement was made pursuant and in connection with the pertinent provisions of the Family Code of the Philippines with respect to Support and other pertinent provisions; 11. That this compromise agreement, is executed and entered into by the parties, for the benefit of the said minor children, any doubt created or which may occur shall be resolved in favor of the said minor taking into account their paramount interest. ______________________

__________________________

Signed in the presence of: ___________________________ __________________________ Witness REPUBLIC OF THE PHILIPPINES) CITY OF MANILA ) S.S.

Witness

BEFORE ME, this ___ day of _____________ 2008, in the City of Manila, Philippines, personally appeared ____________________________, with Community Tax Certificates Number ___________________ and ____________________, issued at ______________________________, on _________________________ respectively, known to me to be the same person who executed the foregoing instrument, and they acknowledged to me that the same is their free act and deed. IN WITHNESS WHEREOF, I have hereunto set my hand, the day, the year, and the place above written. Notary Public Doc. No. _____; Page No. _____; Book No. _____; Series of 2008.