CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into in Mexico, Pampanga, on this day of 18 April 2017 , by
and between:

JUAN DELA CRUZ, of legal age, Filipino citizen, married, and with residence and
postal address at #18 Barangay Sto. Cristo, Mexico, Pampanga, hereinafter referred
to as the "LESSOR";

- and -

MARIA SANTOS, of legal age, Filipino citizen, single/married and residing at

Collado Apt. 227 Mc Arthur Highway, Dau, Mabalacat City, hereinafter referred to
as the "LESSEE";

- WITNESSETH; That -

WHEREAS, the LESSOR is the registered owner of “THE LEASED PREMISES”, Commercial Stalls
A, B and C, all situated at #18 Barangay Sto. Cristo, Mexico, Pampanga, Philippines .

WHEREAS, the LESSOR desires to lease out Commercial Stall B in favor of the LESSEE and the
LESSEE is willing to lease Commercial Stall B and to abide by the terms and conditions herein set forth.

NOW, THEREFORE, for and in consideration of the foregoing premises and the covenants
hereinafter stipulated, the parties hereby agree as follows:

TERMS AND CONDITIONS

1. PURPOSES: The leased premises shall be used exclusively by the LESSEE for commercial purposes
only and shall not be diverted to other uses. It is hereby agreed upon that if anytime the premises are
used for other purposes, the LESSOR shall have the right to rescind this contract without prejudice to
its other rights under existing laws.

2. TERM: The term of LEASE shall be for TWO (2) YEARS commencing from 18 April 2017 to 18
April 2019. Upon its expiration, this lease may be renewed under such terms and conditions as may be
mutually agreed upon by both parties, written notice of intention to renew the lease shall be served to
the LESSOR not later than seven (7) days prior to the expiry date of the period herein agreed upon.

3. RENTAL RATE: The monthly rental for the leased premises shall be in PESOS: FIVE
THOUSAND (Php 5, 000. 00 ), Philippine currency. All rental payments shall be payable to the
LESSOR.

4. DEPOSIT: The LESSEE shall give the LESSOR the amount of TEN THOUSAND PESOS (Php 10,
000. 00) upon the signing of this contract and prior to move-in corresponding to ONE (1) MONTH
ADVANCE - Php 5, 000. 00 and ONE (1) MONTH DEPOSIT - Php 5, 000. 00.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as when
checks are dishonored, the LESSOR at his/her option may terminate this contract and eject the
LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default of payment

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for ONE (1) MONTH and may forfeit whatever rental deposit or advances have been given by the
LESSEE.

6. LESSOR’S RIGHT OF ENTRY: The LESSOR or his/her authorized agents shall, after giving due
notice to the LESSEE, have the right to enter the premises in the presence of the LESSEE or his/her
representatives at any reasonable hour to examine the same or make repairs therein or for the
operation and maintenance of the building or to exhibit the leased premises to prospective LESSEE, or
for any other lawful purposes which he/she may deem necessary.

7. PUBLIC UTILITIES: The LESSEE shall pay for and defray at her expense the consumption of
water, electricity, telephone or other services in the leased premises. It is the duty of the LESSEE to
maintain cleanliness of the premises.

8. SUBLEASE: The LESSEE shall not directly and indirectly sublet, sublease, or allow or permit any
person, firm or corporation to occupy in whole or in part the leased premises. Neither shall the LESSEE
assign nor transfer her rights under this Contract to a third party or parties without the approval
written consent of the LESSOR;

9. EXPIRATION OF LEASE: At the expiration of this LEASE or cancellation thereof, as herein

provided, the LESSEE will promptly deliver to the LESSOR the leased premises with all the
corresponding keys and in good and tenantable condition as the same it is now, except for ordinary
wear and tear, with all the movable furnitures, articles and effects of any kind.Non-compliance with
terms of this contract by the LESSEE will give the LESSOR the right, at latter’s option, to refuse to
accept the delivery of the premises and compel the LESSEE to pay rent therefrom at the same rate plus
twenty-five percent (25%) thereof as penalty until the LESSEE shall have complied with the terms
hereof. The same penalty shall be imposed in case the LESSEE fails to leave/vacate the premises after
expiration of this Contract of Lease or termination for any reason whatsoever.

10. FORECE MAJEURE: If whole or any part of the leased premises shall be destroyed or damaged
by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen disabling cause or
acts of God, as to render the leased premises during the term substantially unfit for use and occupation
of the LESSEE, then, this lease contract may be terminated without compensation by the LESSOR or by
the LESSEE by notice in writing to the other.

11. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial relief
against the other, the losing party shall pay an amount of ONE HUNDRED PERCENT (100%) of the
amount claimed in the complaint as attorney’s fees which shall in no case be less than Php 50, 000. 00
in addition to other costs and damages which the said party may be entitled to under the law.

12. OTHERS: This CONTRACT OF LEASE shall be valid and binding between the parties and
successors-in-interest.

IN WITNESS WHEREOF, the parties have set their hands and affixed their signatures on the date
and at the place above written.

JUAN DELA CRUZ MARIA SANTOS

LESSOR LESSEE

Signed in the presence of:

___________________ ___________________
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 ACKNOWLEDGMENT

Republic of the Philippines }

___________________ } S.S.

BEFORE ME, this _____day of ____________________, at ______________________________, personally appeared:

NAME COMPETENT EVIDENCE OF IDENTITY DATE AND PLACE ISSUED

1 . JUAN DELA CRUZ ___________________________________________ ___________________________________

2. MARIA SANTOS __________________________________________ ________________________________

who have made themselves known to me to be the same persons who executed the foregoing Contract of
Lease consisting of three (3) pages including the page on which this acknowledgment is written, and they
acknowledged to me that the same is their own free and voluntary act and deed.

WITNESS MY HAND AND SEAL.

NOTARY PUBLIC
Doc. No. ________;
Book No. ________;
Page No. ________;
Series of ________.