CHINJEN-LUNA, HAZEL S. Assignment No.

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LEASE TO OWN AGREEMENT

This Agreement of Lease with Option to Purchase (LEASE TO OWN

AGREEMENT) made and executed this 4th of February 2019 Puerto
Princesa, Palawan, Philippines by and between:

CARON QUIAMBAO, Filipino, of legal age, single/married to, with

post address at 46 North Road, Brgy. San Manuel, Palawan, 5300 Puerto
Princesa, Philippines, referred to as the LESSOR/SELLER.

-AND –

VIDAD REALTY CORPORATION, a corporation duly organized

and existing under Philippine laws with principal office located at Abueg
Road Ext., Bancao-Bancao, Puerto Princesa City, 5300 Puerto Princesa,
Philippines, as represented by its President, PEDRO C. TABAQUIN, duly
authorized for this purpose, referred to as the LESSEE/BUYER.

AGREEMENT

THAT, for and in consideration of the payment of rent and the

faithful compliance by the LESSEE/BUYER of all the stipulations
contained, the LESSOR/SELLER has agreed to lease unto the LESSE
/BUYER four hundred (400) square meters parcel of land, and its
improvement, located at 47 North Road, Brgy. San Manuel, Palawan, 5300
Puerto Princesa, Philippines under the following terms and conditions.

12. PURPOSE: That the premises hereby leased shall be used exclusively
by the LESSE/BUYER for commercial or corporate purposes only
and shall not be diverted to other uses. It is expressly agreed upon
that if at any time the premises are used for other purposes, the
LESSOR/SELLER shall have the right to rescind this contract without
prejudice to its other rights under the law.
13. TERM: The term of this non–renewable lease is for sixty (60) months
or five (5) years from March 1,2019 to February 28, 2024, or until the
purchase price has been fully paid, whichever comes first.
14. RENTAL RATE: The monthly rate for the leased premises shall be
Two hundred fifty thousand Pesos (Php250,000.00) inclusive of Value

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
Added Tax. All rental payments shall be made payable to
LESSOR/SELLER.
15. DEPOSIT: That the LESSEE/BUYER shall deposit with the
LESSOR/SELLER upon signing of this contract and prior to move in
an amount equal to five percent (5%) of the selling price or the sum of
Forty-eight million Pesos (Php 48,000,000.00).
16. REPAIR AND MAINTENANCE: The LESSOR/SELLER shall deliver
the leased as is where is. The LESSEE/BUYER expressly
acknowledges that the leased as is where is. The LESSE/BUYER
agrees and binds itself to undertake at its exclusive expense all minor
and major repairs as may be required to maintain the leased premises
in good state of repair, any provisions of law, present or future, or
any stipulation in this agreement to the contrary.
17. IMPROVEMENTS, ALTERATIONS AND RENOVATIONS: The
LESSEE/BUYER shall not make any improvements, alternations and
renovations in the leased premises without prior written consent of
the LESSOR/SELLER. It is understood that all permanent
improvements shall be owned by the LESSOR/SELLER and may not
be removed without the express and written consent of the
LESSOR/SELLER.
18. PROVISION ON LEASE TO OWN: For good & valuable
consideration, the receipt whereof is hereby acknowledge from the
LESSEE/BUYER. The LESSOR/SELLER hereby extends an option to
the LESSEE/BUYER to purchase for the amount of Fifty million
Pesos (Php50,000,000) the leased property at any time before the
expiration of this agreement. The LESSEE/BUYER, shall convey to
the LESSOR/SELLER his/her/their desire to purchase such property
and that the paid deposit and rental shall be applied as a payment for
the property. The LESSEE/BUYER shall continue to transmit
monthly rental payment to LESSOR/SELLER, until the full purchase
price has been paid, thus, terminating this LEASE TO OWN
AGREEMENT.
19. TRANSFER EXPENSES: Documentary stamp tax, capital gain tax,
registration fees, transfer tax, and other necessary expenses
connected with the execution and registration of the sale shall be for
the account of and paid by the LESSEE/BUYER.
20. TAXES, UTILITIES AND OTHER ASSOCIATION
IMPOSITIONS: For the duration of this lease, LESSEE/BUYER shall
pay the Realty Taxes.
21. RIGHTS AND INTERESTS: The rights and interests of the
LESSOR/SELLER subject under this instrument shall be fully

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
assignable by the LESSOR/SELLER subject only to previous written
notice thereof to the LESSEE/BUYER.
22. FORFEITURE OF DEPOSIT: Forfeiture of whatever rental deposit
and advances shall apply to any of the following:
a. When the LESSEE/BUYER is in default in payment for three
(3) months.
b. When LESSEE/BUYER pre-terminates lease with or without
cause;
c. When LESSEE/BUYER violates any of the provisions of this
contract; and

23. PENAL PROVISION: The parties agree that all covenant and
agreements shall be deemed conditions that if default or breach be
made of any such conditions, then this lease may be terminated and
cancelled and the party in breach shall be liable for any and all
damages, actual and consequential, resulting from such breach or
termination; provided however, that no default shall be declared
under this lease unless the party in default has given written notice to
cure such default within thirty (30) days. In the event of violation of
this contract, other than the non-payment of rentals, the party in
breach must immediately take remedial steps to cure the breach not
later than thirty (30) days.

This LEASE TO OWN AGREEMENT shall be valid and binding,

between the parties, their successors-in-interest and assigns. No
amendment of the terms of the instrument shall be effective unless in
writing and signed by the parties therein.

(Sgd.)Corazon Quiambao LESSOR/SELLER

(Sgd.) Pedro Tabaquin LESSEE/BUYER

(ACKNOWLEDGEMENT)

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
CONDITIONAL DEED OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE is entered into and executed by

and between:

HOWARD C. JOSE, of legal age, Filipino, with residence at Unit 402

Alabang Business Tower Condominium, 1216 Acacia Ave., Ayala Alabang
Village, Philippines, referred to as the VENDOR/ TRANSFEROR;

-AND-

FERDINAND MASE, of legal age, Filipino, and presently residing at 33

Mindanao St., Ayala Alabang Village, Muntinlupa City, Philippines
referred to as VENDEES/ TRANSFEREES.

The VENDOR/ TRANFEROR is the owner of a lot and parcel of land

and its improvements as evidenced by Transfer Certificate Title no: 345-
8955 particularly described as follows:

DESCRIPTION OF THE LAND

Lot No. 56

Size: 350 square meters

Location: Thrush Street, Countryside Village Phase III, Paranaque

City

The VENDOR desire to sell the said property and the VENDEE
agrees and promises to buy the aforementioned property including the
improvements therein.

The VENDEE is interested to purchase the above described property

subject to the following terms and conditions:

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 CHINJEN-LUNA, HAZEL S. Assignment No.1

1. The selling price offered by the VENDOR, which was accepted by

VENDEE, is Three million and two hundred thousand Pesos (Php
3,200,000.00)
2. A down payment of Two hundred thousand Pesos (Php200,000.00)
will be paid by the VENDEE to the VENDOR upon execution of this
agreement and the remaining amount shall be paid within one (1)
year after the execution of this Deed of Conditional Sale.
3. The down payment shall be paid prior to occupation, immediately
after execution of this agreement; otherwise this deed would be void.
4. The VENDOR will shoulder all the payments for Capital Gain Tax,
Documentary Stamp Tax, Transfer Tax, Title Processing and other
related documents pertaining to Transfer of Ownership.
5. The VENDOR shall under take to execute the necessary DEED OF
ABSOLUTE SALE in favor of the VENDEE upon full payment of the
stated purchase price.
6. If the VENDEE failed to pay within the agreed period of payment of
balance, the VENDOR, may immediately ask the former to vacate the
said property. The VENDEE shall be liable to all expenses and
damages caused by his non-payment. All paid amount of the
VENDEE shall be forfeited in favor of the VENDOR, and shall be
applied to costs and expenses brought by his non-payment. The
VENDEE may not be entitled to the excess amount he has paid.
7. That the VENDOR complied with the provisions of ART.1623 of the
New Civil Code as well as the Land Reform Code of the Philippines.

(Sgd.)Howard Jose VENDOR

(Sgd.) Ferdinand Mase VENDEE

(ACKNOWLEDGEMENT)

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
AMICABLE SETTLEMENT WITH QUITCLAIM

This AMICABLE SETTLEMENT WITH QUITCLAIM (AGREEMENT) is

entered into between:

BERNARDO SALES, of legal age, Filipino, and a resident of Tarlac 24

Morales Subdivision, Poblacion 3, Municipality of Mulanay, Quezon
Province, Philippines, referred to as FIRST PARTY ;

And

SEIZE TOMORROW CORPORATION, a corporation duly organized

and existing under Philippine laws with principal office located at 43
Parian, Calamba City, Laguna, Philippines, as represented by President
Mario Lozano, acting also in behalf of the complained company officers,
reffered to as SECOND PARTY;

SETTLEMENT

WHEREAS, the FIRST PARTY filed a complaint of several violation

of the Labor Code of the Philippines against the SECOND PARTY, before
the arbitration branch of National Labor Relation Commisison Regional
Office IV, docketed as NLRC Case RAIV 82345-07 (THE CASE);

WHEREAS the SECOND PARTY has offered to provide financial

assistance to the First Party amounting to Five hundred thousand Pesos
(Php500, 000.00);

WHEREAS the FIRST PARTY has agreed to accept the offer of the
SECOND PARTY in exchange for the former’s commitment not to do any
act prejudicial to the interest of the latter, and to file for dismissal of any
existing complaint against the latter;

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
By virtue of the payment made by the SECOND PARTY, the FIRST
PARTY hereby quitclaim, release, discharge and waive any and all actions
of whatever nature, expected, real or apparent, which they may have
against the SECOND PARTY;

(Sgd.)Bernardo Sales FIRST PARTY

(Sgd.) Mario Lozano SECOND PARTY

(ACKNOWLEDGEMENT)

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 CHINJEN-LUNA, HAZEL S. Assignment No.1
DEED OF SALE OF SHARES OF STOCK

KNOW ALL MEN BY THESE PRESENTS:

I, EMILY S. TORRES, of legal age, Filipino, single, and resident of

1000 Zamora Street, Pasay City, for and in consideration of the sum of Two
million Pesos (Php2,000,000.00) to me in hand paid by and acknowledged
to have received from Architect Niel T. Luis, of legal age, Filipino, single,
and resident of Unit 1208, Gramercy Residences, Century City Complex,
Makati City and, do hereby SELL, CEDE, TRANSFER and CONVEY, unto
the said Niel T. Luis, his/her heirs, successors, or assigns, Two thousand
(2,000) fully paid common shares, covered by Stock Certificate No. KSCI-
24587, of KRISPY STICKS CANDY INCORPORATED, a corporation duly
organized and existing underand by virtue of the laws of the Republic of
the Philippines, with SEC Registration No. 2008-9856, and with principal
office address at 21/F Robinsons Cybergate Tower 3, Pioneer Street,
Mandaluyong City, free from any and all liens and encumbrances
whatsoever.

The Corporate Secretary is hereby requested to record this sale in the

Stock and Transfer Book of the Corporation.

(Sgd.)Emily S. Torres

(Sgd.) Niel T. Luis

(ACKNOWLEDGEMENT)