CONTRACT OF LEASE

This Contract of Lease entered into by and between xxxx single, of legal
age, Filipino citizen and with residence address at xxxx, hereinafter referred to as
LESSOR,

xxxx, single, of legal age, Filipino citizen and with residence address at 306-
A Hamilton Bldg., Lakeview Manor xxx , hereinafter referred to as LESSEE;

W I T N E S S E T H:

That the LESSOR is the absolute owner and possessor of a parcel of land
located at Barangay Suklayin, Baler, Aurora, more particularly described and
designated in Title No. xxx , consisting an area of xxx( xxx) Sq. Meters, more or
less;

That the LESSEE desires to lease a portion of the above-mentioned parcel of

land consisting of Six Hundred Fifteen (615) square meters , more or less, to
build/construct building/s/structures exclusively for commercial purposes; and the
LESSOR is willing to lease the subject parcel of land;

That the parties agree on the following conditions, to wit;

1. That the term of lease is xxx YEARS shall commence on xxx and shall
end on xxx, renewable by mutual agreement under the same terms and
conditions for a period of xxx xx months or until xxx;

2. That the monthly consideration for the lease shall be xxxx, PHILIPPINE
CURRENCY (PhP xx,000.00), exclusive of VAT, and with ESCALATION
rate of xxx (xx%) PER CENT every year;

3. That, upon signing of this contract, the LESSEE shall pay the LESSOR the
amount of xxx PESOS, PHILIPPINE CURRENCY (PhPxxx,OOO.OO) as
ADVANCE PAYMENT of the herein RENTAL at the time the parties sign on
this contract which shall be deducted from the rental payment of the last
twelve (12) months of this Lease Agreement; THEREAFTER, payment of
the monthly rental will start upon occupancy of 50% of the commercial
spaces for lease or whenever all rooms for accommodation are ready,
whichever comes earlier;

4. That the LESSEE shall deposit all payments pertaining to monthly rentals
to LESSORs account at China Bank, Baler Branch on the ______ day of
every month;

5. That the LESSOR guarantees a period of THIRTY (30) DAYS as GRACE

PERIOD in favour of the LESSEE in case of LATE PAYMENT OF MONTHLY
RENTALS otherwise arrears shall earn an interest of 10 % after GRACE
PERIOD;

6. That the LESSOR shall have the right to terminate this contract should
the LESSEE fail to pay rentals for more than ONE (1) YEAR; and in case of
any violation by the LESSEE of any provision of this contract;

7. That the LESSEE shall build on the leased premises a commercial

structure that he shall lease to third parties; PROVIDED that the LESSEE
 not sublease any portion of the leased parcel of land not occupied by his
commercial structure without the written consent of the LESSOR or her
representative
8. That the LESSEE shall use the premises exclusively for commercial
purposes only; BUT LESSEE may divert the use of the premises or any
portion thereof with the express/written consent of the LESSOR or her
representative;

9. That the LESSOR shall shoulder the payment of the Documentary Stamp
Tax that may be charged of this contract; and the Real Estate Tax on the
leased premises throughout the duration of this contract, inclusive of any
Witholding Tax on the same;

10. That the LESSEE shall shoulder the payment of the VAT which are
incidental to his deriving income from his business operations inclusive of
Real Estate Tax on his improvements;

11. That any/all immovable improvements by the LESSEE in the subject

premises shall be owned by the LESSOR without any obligation on her
part or her representative to reimburse the LESSEE; PROVIDED, that the
LESSOR shall reimburse the LESSEE for all improvements on the subject
premises should the contract be terminated without the fault of the
LESSEE; and

12. That the LESSOR shall specify and put markers referring to the
expanse of the 615 square meters for the lessees information as to the
extent of his lease right on the premises subject of this contract.

NO MORE.

IN WITNESS WHEREOF, the parties have hereunto set their signatures this ______
day of ___________,2016 at ____________________________, Philippines.

LESSOR
LESSEE

SIGNED IN THE PRESENCE OF

__________________________________ __________________________________

REPUBLIC OF THE PHILIPPINES )

__________________________) SS.

ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in ____________________________________
personally appeared the following persons, with their respective government Issued
IDs, to wit:

GOVT. ISSUED I.D. ISSUED ON ISSUED AT

who are known to me and to me known to be the same persons who executed the
foregoing instrument, and they acknowledge to me that the same is their own free
and voluntary act and deed, as well as the free and voluntary act and deed.

The foregoing instrument pertains to a Lease Agreement consisting of four (4)

pages, including the page on which this Acknowledgment is written, to which the
annexes are attached, all signed by the parties hereto and their instrumental
witnesses.

WITNESS MY HAND AND SEAL this ____ day of _________________ 2016, in

the ______________________________ Philippines.

Doc. No. ___

Page No. ___
Book No. ___
Series of 2016