CONTRACT OF LEASE

This AGREEMENT, made and entered on this ________ day of

__________________________ 200_ in Quezon City, Metro Manila, by and between:
The PHILIPPINE NUCLEAR RESEARCH INSTITUTE, DOST, a Government
agency under republic Act 2067 as amended and organized under EO 128 dated
January 30, 1987 represented by its Director, and referred to as the LESSOR:

-andThe
____________________________________________________________________,
a private entity operating and doing business in the Philippines, and hereafter, referred
to as the LESSEE:

WITNESSETH:
Whereas, the LESSOR is the owner of the following radiation monitoring instrument
designated as:
___________________________________________________ _________________
Which is available for lease in order to monitor the work area of the LESSEES
radiation protection purpose.
Whereas, the LESSEE has requested to utilize the above described instruments of the
LESSOR in connection with the formers safe handling of radioisotopes/radioactive
materials and/or radiation sources.
NOW THEREFORE, the LESSOR and the LESSEE agree to the following:

1.

That the LESSOR shall transfer the possession of the above described
radiation monitoring instrument to the LESSEE, and the LESSEE shall
accept and take possession of the said instrument subject to the
following terms and conditions:

a) The LESSEE shall use the above-described instrument exclusively for the
purpose above-indicated in accordance with more or less the herein
schedule:
PERIOD

NO. OF WEEK

_______________
_______________

______________
_____________

AUTHORIZED PLACE OF USE

__________________________
__________________________

2.

b)

The LESSEE shall pay the LESSOR for the use of said radiation
monitoring instrument a weekly lease rental of P1,750.00 / unit to be
computed from the day of the transfer of possession of said instrument
to LESSEE until the day of its return to and acceptance by LESSOR, a
fraction of a week being considered a full week; payment of the lease
rental shall be made up on the transfer to and acceptance of said
instrument by LESSEE;

c).

The LESSEE shall return the possession and deliver to the LESSOR said
instrument at the end of the stipulated period indicated above without
necessity of notice from the latter to the former, failure to return said
instrument on the last day of the lease period, the LESSEE shall pay
LESSOR the weekly lease rental as specified on the next proceeding
paragraph plus a 12% interest per annum applied for every week of
delay;

d)

The LESSOR reserves the right after due notice to LESSEE to demand
the return of said instrument to the former even before the termination of
the lease period and in which case the LESSOR shall refund the
LESSEE the amount of lease rental already paid corresponding to the
unused portion of the lease period;

e)

The LESSEE shall provide and be responsible for the transport and from
the indicated place of use;

f)

The LESSEE shall be responsible for the loss of and or damage to the
instrument or replacement of any of its parts while the same is under its
custody; in case of such loss/damage or replacement, the LESSEE shall
replace said instrument or parts thereof;

g)

The LESSEE shall be responsible for the ordinary repair or

maintenance of the instrument and its associated parts; any major repair
or repairs that are found to be necessary at the return of the instrument to
the LESSOR may be made by the LESSOR at the expense of the
LESSEE.

Subject paragraph 1 above, this AGREEMENT shall terminate on

_________________________ and shall supersede and revoke any prior
contract concerning said instrument which the LESSOR has executed with the
LESSEE; and may be amended, modified or earlier terminated at the option of
the LESSOR

IN WITNESS WHEREOF, parties aforementioned hereunto affixed their hands on the

date herein before written.

PHILIPPINE NUCLEAR RESEARCH INSTITUTE

By

ALUMANDA M. DELA ROSA, Ph.D.

Director

LESSEE
By

______________________

WITNESS

ACKNOWLEDGEMENT
Republic of the Philippines
Quezon City

BEFORE ME, Notary Public of

Personally appeared _________________________________________with Residence
Certificate No. __________ issued at _____________ on __________________ .
and

_______________________________ with Residence Certificate No. ___________________

issued at ___________ on ___________________, 200_ known to me to be the same persons
who have executed the above Contract of lease and who acknowledged that the same is their
voluntary act and deed. I further certify that this document consists of (3) pages, including this
page upon which this acknowledgement is written, and that the parties together with their
instrumental witnesses have signed their names on the left-hand margin of each page of this
document.
WITNESS my hand and seal this _____________ day of __________ 200_ at the
________________________, Philippines.

NOTARY PUBLIC
Until December 31, 200_
PTR No. ____________

Doc. No. ___________

Page No.___________
Book No.___________
Series of 200_ _______