CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS: This AGREEMENT is made and executed at the __________________, this ________________________, by and between: _________________, of legal age, single/ma ied, !ili"ino and with esidence at ___________________________, he einafte efe ed to as the #E$$%R& -AND_________________________, of legal age, single/ma ied, !ili"ino and with esidence at ___________________________& WITNESSETH THAT; WHEREAS, the LESSOR is the absolute and the egiste ed owne of the '_____________________( situated at ______________________________& WHEREAS, the LESSEE desi es to lease out a "o tion, ____________, of the said " o"e ty and the #E$$%R is willing to lease the same& NOW THEREFORE, fo and in conside ation of the fo egoing " emises and the co)enants he einafte sti"ulated, the #E$$%R leases unto the #E$$EE and the #E$$EE he eby acce"ts f om the #E$$%R the #EA$E* " emises, the "a ties he eby ag ee as follows: TERMS AND CONDITIONS +& PURPOSES: That the " emises he eby leased shall be used exclusi)ely by the #E$$EE fo esidential "u "ose/s& ,t is he eby ex" essly ag eed that if at any time the " emises a e used fo othe "u "oses, the #E$$%R shall ha)e the ight to escind this cont act without " e-udice to its othe ights unde the law& .& TERM: This te m of lease is fo __________ /___0 yea , f om ________________ to _______________________ unless the lesso o the lessee failed to com"ly with the othe te ms and conditions set fo th he ein& 1& 2"on its ex"i ation, this lease may be enewed u"on mutual ag eement and unde such te ms and conditions as may be mutually ag eed u"on by both "a ties& 3 itten notice of intention to enew the lease shall be se )ed to the #E$$%R not late than th ee /10 months " io to the ex"i y date of the "e iod he ein ag eed u"on& 4& RENTAL RATE: *u ing the enti e te m of this lease without necessa y demand, the #E$$EE shall "ay in ad)ance the #E$$%R on the last day of e)e y calenda month& The monthly ental ate fo the lease " emises shall be in 5E$%$: __________________________ /5___________0& 6& SUB-LEASE: The #E$$EE shall not di ectly o indi ectly sublease, allow o "e mit the leased " emised to be occu"ied in all o in "a t by any "e son,

fo m o co "o ation, neithe shall the #E$$EE assign its ights he eunde to any othe "e son o entity and no ight of inte est the eto o the ein shall be confe ed on o )ested in anyone by the #E$$EE without the #E$$%R7$ w itten a"" o)al& 8& LESSORS RIGHT OF ENTRY: The #E$$%R o its afte gi)ing due notice to the #E$$EE shall ha)e " emises in the " esence of the #E$$EE o its easonable hou to examine the same o fo any which it may deem necessa y& autho i9ed agent shall the ight to ente the e" esentati)e at any othe lawful "u "oses

:& TERMINATION OF LEASE: At any time befo e the ex"i y date of this cont act, the #E$$EE may choose to te minate this lease by se )ing the #E$$%R an ad)ance w itten notice of th ee /10 months " io to effecti)e te mination& a&0 The #E$$EE ag ees to etu n and su ende the leased " emises at the ex"i ation fo te mination of this lease in good condition as allowed by wea and tea in acco dance with the " o)ision/s of the a ticles he eof& ,f said " emises a e not su ende ed at the ex"i ation o te mination of this #ease, the #E$$EE shall "ay to the #E$$%R all the losses and damages which the #E$$%R may actually suffe by eason the eof without " e-udice to any ight of action the #E$$%R may ha)e against the #E$$EE& b&0 !u the mo e, if said " emises a e not su ende ed at the ex"i ation of this #ease, the #E$$EE shall be es"onsible to the #E$$%R fo any loss o damage which the #E$$%R may suffe against any and all claims made by any succeeding tenants in so fa as delay is occasioned by the failu e of the #E$$EE to deli)e the " emises on time& c&0 All such mo)able fu nitu e, a ticles ; effects of any <ind not so emo)ed shall, at the o"tion of the #E$$%R, be deemed abandoned, and may at anytime the eafte be dis"osed by the #E$$%R without in any way being, o becoming liable to the #E$$EE by eason the eof& d&0 ,n any case of " e=te mination of #ease initiated by the #E$$EE, the #E$$EE shall fo feit its enti e de"osit in fa)o of the #E$$%R& >& This CONTRACT OF LEASE shall be )alid and binding between the "a ties, thei successo s=in=inte est and assigns& IN WITNESS WHEREOF, "a ties he ein affix thei signatu es on the date and "lace abo)e w itten& ____________________ #E$$%R __________________ #E$$EE$

$igned in the " esence of: _______________________ _______________________ ACKNOWLEDGMENT

Re"ublic of the 5hili""ines 0 ______________________0 $&$& ?E!%RE ME, "e sonally a""ea ed: Name ,&*& N%& *ate/5lace ,ssued

<nown to me and to me <nown to be the same "e sons who executed the fo egoing inst ument and ac<nowledge to me that the same is thei f ee and )olunta y act and deed& This inst ument consisting of 1 "ages, including the "age on which this ac<nowledgment is w itten has been signed on each and e)e y "age the eof by the conce ned "a ties and thei witnesses, and sealed with my nota ial seal& 3,TNE$$ M@ AAN* AN* $EA#, on the date and "lace abo)e w itten& *oc No& ______B 5age No& ______B ?oo< No& _____B $e ies of .C+4&