CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into this ____ day of February, 2018
by and between:

XIULI CHING, Chinese citizen, of legal age, represented by GRACIA V. JAEN with
postal address at No. 2282 Corner A. Francisco Street Agua Marina Street San Andres
Bukid Manila, hereinafter referred to as the “LESSOR”,

-AND-

TETSUJI YAMADA, Japanese Citizen, of legal age, with postal address at 2-250-
1 Qualia Akanabe 905, Akanabe Ono, Gifu City of Japan, hereinafter referred to as
the “LESSEE”,

WITNESSETH

WHEREAS, the LESSOR is the absolute and registered owner of a One Bedroom
Unit; 35-20-22, situated in Birch Tower Residences covered with an area of 42.00 square
meters, more or less.

WHEREAS, the LESSEE desires to lease the above-described property (hereinafter

referred to as the “Leased Premises”) and the LESSOR is willing to lease the same unto
the LESSEE subject to the following terms and conditions:

NOW, THEREFORE, for and in consideration of the foregoing and the mutual
covenants herein contained, the LESSOR does hereby lease, let rent and deliver by way of
lease unto LESSEE the leased premises, with Two (2) Air conditioning, window type and
Split Type, Rangehood, Water Heater, subject to the terms and conditions:

1. The lease shall be for a guaranteed period of One (1) year commencing on March 01,
2013 expiring on February 28, 2014.

2. The lease may be renewed only by express written agreement of the parties under such
items and conditions as may be agreed upon. Under no circumstances can a renewal or
extension be considered as having been made implied.

3. The monthly rental for the property including the association dues shall be THIRTY
THOUSAND PESOS (Php30,000.00) per month. The LESSEE shall pay Two (2)
months advance and Two (2) months Security Deposit for a total of ONE HUNDRED
TWENTY THOUSAND PESOS ONLY (Php120,000.00), The rest of balance of Ten
(10) months payment will be through post dated checks.

The LESSOR further agrees to pay for the all other condominium dues as billed by the
Condominium Corporation except, for electric, water, cable, internet, and other utilities
stipulated in Section Eight (8) of this contract. This lease shall be for a period of One (1)
year, to commence on and to expire on renewable for another period of upon mutual
agreement under the same terms and conditions.

4. The security deposit in the amount of SIXTY THOUSAND PESOS ONLY

(Php60,000.00), equivalent to Two (2) months.

5. The said security deposit shall be used to cover payment for damages that may occur
within the vicinity of the unit or amounts that may be due in favor of the LESSOR at the
end of the term of the lease. Any remainder or excess in the deposit and/or advance rentals
shall be returned to the LESSEE within thirty (30) days after the LESSEE shall have
vacated and delivered the leased premises to the LESSOR under the terms of this contract
as of the time of the said termination or expiration.
6. The LESSEE hereby expressly agrees and warrants that the premises shall be used
exclusively for residential and for no other purposes. LESSEE is not allowed to sublease
the unit. LESSEE shall likewise comply with all laws, ordinances and regulations of the
National or Local Government, such as but not limited to ordinances and regulations on
health, fire, and police clearances. LESSEE shall not use the leased premises for any
unlawful, improper, immoral or offensive purpose.

7. The LESSEE shall obtain approval from the LESSOR prior to making alterations to the
premises, if deemed necessary. It is further understood that all and any alterations and/or
improvements on the leased premised shall be for the account of the LESSEE.

8. All monthly billings of water, electricity, internet, landline, cable subscription and other
utilities shall be for the account of the LESSEE. And if, in case the LESSEE, shall fail to
pay the said utilities for Two and Half (2 1/2) months delay, will be given a Fifteen (15)
days grace period to settle the said utility bills, and if not the Administrative Office will
have the right to cut the said utility automatically, as per approved and advised of the
LESSOR.

9. Any and all improvements made or introduced by the LESSEE on the leased premises,
shall become the property of the LESSOR upon expiration of this contract without any
need of any compensation to the LESSEE.

10. The LESSOR shall therefore, at its own expense and option, provide insurance or
security measures inside the leased premises to protect any and all of its properties against
losses and damages that may be caused to said properties from theft, fire, earthquake, or
other natural calamities and unforeseen events.

11. The LESSEE shall not directly or indirectly sublease, assign or in any way encumber
its right of possession and lease over the leased premises. It is expressly understood and
agreed upon by the parties that the personal character of LESSEE constitutes and is a
special consideration and inducement for the granting of this lease by LESSOR; and
consequently, any violation, direct or indirect of any of the stipulations thereof shall be
sufficient cause for LESSOR to judicially terminate this contract.

12. Upon the expiration or termination of this lease, and provided LESSEE is not then in
default in the performance of any of the terms, conditions, covenants and agreements herein
contained. LESSEE may remove at its own expense, all of its trade or professional fixtures
and other equipment as excluded in paragraph 9 hereof.

13. It is expressly understood and agreed that time is of the essence in the performance of
each provision in this contract. If default, if in case the LESSEE shall fail to pay the said
rent for One (1) month delay there will be given a Fifteen (15) days grace period to settle
the said payment of the rent and other outstanding obligations, but that late of payment a
penalty charges of 3%, again if the LESSEE defaults on breaches any of terms, conditions
and covenants of this Contract, then the LESSOR shall have the right to declare this
contract terminated and the lease premises padlocked pending legal proceedings to be
instituted by the LESSOR. For the loss of key, a penalty charge of One Thousand Pesos
(Php 1,000.00).

14. In the event of Pre-termination of the Lease Contract for any reason attributed to the
LESSEE, including the non-payment of rentals, then the security deposit shall be forfeited
in favor of the LESSOR. Without prejudice to LESSOR’s right of action against LESSEE
for the enforcement of its right and for recovery of any damages that any have been incurred
by reason of the breach by the LESSEE.

15. The LESSOR undertakes that in the event of a sale or transfer of the leased premises
to a third party, the LESSOR shall disclose this Contract to said third party and impose as
a condition for such sale or transfer that the third party shall respect the terms and
conditions of this Contract.
16. This contract may not hereafter be modified or altered except by a written instrument
duly signed by the parties hereto.

17. Any action or suit between the parties arising out of this Contract shall be heard with
the courts of Manila.

IN WITNESS WHEREOF, the parties have hereunto set their hands on this ______ day of
________ 2013 in the City of Manila.

XIULI CHING
(LESSOR)

TETSUJI YAMADA
(LESSEE)

GRACIA V. JAEN
Attorney-in-fact

SIGNED IN THE PRESENCE OF:

_________________________ _________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF MANILA ) S.S.

Name Passport No/Res. Certificate Number Place & Date Issue

Known to me to be the same persons who executed the foregoing CONTRACT OF

LEASE and acknowledge the same to be of their free and voluntary act and deed as well
as that of the parties represented herein.

Said instrument refers to the CONTRACT OF LEASE consisting of Three (3)

pages including the page on which this Acknowledge is written, and signed by the parties
and the witnesses on the signature page thereof and initiated on other pages and sealed with
notarial seal.

WITNESS MY HAND AND SEAL on the date and place first above written.

Doc. No. ________

Page No. ________
Book No.________
Series of 2013.