Contract of Lease

KOW ALL MEN BY THESE PRESENTS:

___________________, of legal age, married, with residence and post-office

address at _______________________ hereby leases unto ______________, of legal
age, married, that certain premises at _____________________ which the former
absolutely owns, consisting of forty (40) sq. m. (4 m. in width and 10 m. in length),
under the following terms and conditions:

1. That the term of this lease shall be for one (1) year which shall commence
at the execution of this Contract.

2. That the monthly rental of the leased premises shall be P500.00 payable in
advance within the first five (5) days of the month;

3. That the premises leased have been received by the lessee in good habitable
condition;

4. That all the ordinary repairs within the premises that arise in the daily use
of the facilities therein shall be for the sole account and expense of the
lessee, without right to reimbursement;

5. That the lessee shall use the leased premises exclusively for garage purposes
only, and shall have no right to use the same for business purposes;

6. That the lessee is expressly prohibited to sublet the leased premises to any
one, without the express consent of the lessor in writing;

7. That all charges for water, light, gas, telephone used within the premises
shall be at the sole account of the lessee;

8. That the lessee shall be responsible for the observance of sanitary and
electrical regulations required or imposed by the city or government
authorities regarding the use and habitation of the leased premises;

9. That the lessee shall notify the lessor at least 30 days in advance should the
lessee decide to abandon the leased premises;

10. That violation of any of the above terms and conditions will produce ipso
facto the rescission of this contract of lease.

IN WITNESS WHEREOF, the parties hereto have signed this contract of

lease this 15th day of September, 2005, at ____________.

___________________________ _________________________
(Lessor) (Lessee)
Res. Cert No. _______________ Res. Cert. No.______________
Issued at___________________ Issued at__________________
Issued on__________________ Issued on_________________

WITNESSES:
___________________________ _________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

_________________________ )
_________________________ ) S.S.

Before me, this ___ of September 2005 at ________________, personally

appeared ________________ and ______________________ and exhibited to me
their respective residence certificates as shown on the contract, known to me to be the
same person who executed the foregoing instrument, and they acknowledged to me that
the same is their free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial

seal, the day, month, year and place above written.

NOTARY PUBLIC