CONTRACT OF LEASE

KNO W ALL MEN BY THE THESE PRESENTS:

This CONTRACT OF LEASE is made and entered by and between the following
parties:

MARITES DEL ESPIRITU SANTO CIGRES, AND

MAT-DIOANA DEL ESPIRITU SANTO CIGRES, both of
legal age, Filipinos, single and with address at Brgy.
AYAO IYAO, LEMERY BATANGAS, and hereinafter
referred to as LESSOR.

-and-

ERIC JAVIER, Filipino, single, and with address at

79 Elizalde Street, BF Homes, Paraaque City, and
hereinafter referred to as the LESSEE.

-WITNESSETH-

WHEREAS, the LESSOR is the legal owner of a piece of land with TCT No. 053-
2014003078 located in the municipality of Mabini Batangas;

WHEREAS, the LESSEE has offered and manifested its intention of leasing the
said entire property for the purpose of using the same as a parking lot/space;

WHEREAS, the LESSOR has accepted the LESSEEs offer subject to the terms
and conditions, hereinafter set forth;

WHEREAS, the lessor has duly appointed their parents in the name of Mr.
Maximo M. Cigres and Mrs. Taciana Cigres as their authorized representative, regarding
on this contract to signed and the power to decide in behalf the lessor is not present.

NOW, THEREFORE, for and inconsideration of the foregoing premises and upon
mutual covenants, conditions and the faithful compliance by the Parties of their
respective obligations under this Contract, the parties here to agrees as follows:

1. TERM / PERIOD The term of this contract shall be for a period of FIVE
(5) years beginning July 19, 2017 to July 18, 2022, which is renewable upon
mutual Contract of the parties.

2. MONTHLY RENTAL The LESSEE shall pay the LESSOR and/or his duly
authorized representatives, a monthly rental of PESOS: FOUR THOUSAND
(PHP4,000.00), payable every 20th day of the month beginning July 19, 2017.

3. SUBLEASE The LESSEE shall NOT sublease, in whole or in part, the

leased property, assign the lease contract to any party without the prior written
consent of the LESSOR. Any sublease or assignment Contract with third parties,
without the written consent of the LESSOR, shall give the latter the right to
cancel this Contract and shall be a ground for the ejectment of the LESSEE.

4. FAILURE TO PAY MONTHLY RENTAL FEE In case the LESSEE should

fail to pay the rent for a total aggregate period of three (3) months, the
LESSOR, may, at its option, unilaterally terminate this Contract upon written
notice to the LESSEE, and eject the latter.

5. ALTERNATION AND/OR IMPROVEMENT The LESSEE shall NOT

make any structural changes, alteration and/or improvement on the leased
premises without the written consent of the LESSOR. However, any approved

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alternation or improvement made or introduced by the LESSEE on the leased
premises, which cannot be removed without causing damage to the property,
shall, upon the termination of this Contract, inure to the benefit and form part of
the leased property, and shall in turn, become the property of the LESSOR.
6. MAINTENANCE OF LEASED PREMISES, EQUIPMENT AND
APPLIANCES The LESSEE shall, at his own expense, and at all times, for the
duration of this Contract, keep and maintain the leased premises in a clean and
sanitary condition, and promptly comply with all rules and regulations
governing the use and occupancy of the leased property. For this purpose, the
LESSOR shall have the right, upon prior notice, to enter and inspect the leased
premises on a monthly or quarterly basis.

7. DAMAGE TO LEASED PROPERTY In case the leased property shall be

destroyed substantially, making the same uninhabitable, due to fortuitous events
such as but not limited to fire, earthquake or inundation not attributable to the
fault or negligence of the LESSEE the LESSEE, may, at his/her option, formally
terminate this Contract.

8. In case the LESSEE shall intentionally destroy or damage any portion of

the leased property, the LESSOR, may, at its option, unilaterally terminate the
Contract, upon prior notice to the LESSEE subject to the provisions of par. 3. (b)
of this Contract and the forfeiture of Security Deposit as liquidated damages.
This is without prejudice to the applicable criminal liability that the LESSEE may
incur for such intentional act.

9. PROHIBITED ACTS The LESSEE is prohibited from using the leased

premises for any unlawful or immoral purpose and/or activity and for any other
purpose contrary to law, public policy and/or public morals. The LESSEE is
likewise prohibited from using the leased property as a storage are or warehouse
of any flammable, toxic, harmful, poisonous or obnoxious substance and/or
chemical and/or contraband, the possession, use, distribution and/or sale of
which is regulated and/or prohibited by law, including but not limited to,
prohibited drugs, firearms, ammunition, explosives, pornographic materials, and
things of the same or similar kind.

10. BREACH OF CONTRACT In case the lessee fails to pay the monthly
rental for the aggregate period stated in par. 7 hereof, and/or on the date
agreed upon by the parties after a Notice of Demand has been issued by the
LESSOR, the LESSOR, shall, in addition to any other such remedies as may be
prescribed by law, unilaterally terminate this Contract upon written notice to the
LESSEE. The LESSOR may, at its option, demand upon notice and/or seek
judicial intervention to repossess the leased premises from the LESSEE, which
notice shall be delivered either personally and/or via courier and/or be posted at
the main door or gate of the leased premises.

11. In case of any other breach of the provisions of this Contract, the
LESSOR shall give the LESSEE, after due notice, an ample opportunity to remedy
and/or alleviate the occurrence or commission of any breach of this Contract. In
the event of breach, the LESSEE hereby irrevocably appoints the LESSOR, its
agents, employees and/or representatives, as its duly authorized attorneys-in-
fact, even after the termination, expiration or cancellation of this Contract, with
full powers and authority to open, enter, repossess, secure, enclose, fence,
padlock and/or otherwise take full and complete physical possession and control
of the leased property, and all or a portion of its contents equivalent and/or
sufficient in value to answer for the unpaid rental if no tender of payment in cash
has been made, and to eject, with or without the assistance of the barangay
and/or police authorities, any and all persons occupying the lease premises or
found thereon, to the extent of employing reasonable and necessary means
available to enforce this provision; and/or to disconnect electric, water,
telephone and other utility services on the leased premises, notwithstanding
current or up to date payment of charges thereof, pursuant to the enforcement
of this provision.

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 12. JUDICIAL RELIEF In the event that the LESSOR is constrained to seek
judicial intervention in order to enforce the provisions of this Contract, the
LESSOR shall be entitled to collect damages, interest, litigation costs,
miscellaneous expenses, and attorneys fees equivalent to Twenty Percent (20%)
of the total outstanding liability. Thereafter, the LESSEE shall be relieved or
discharged from any and all liability or obligation of whatever kind or nature to
the LESSOR.

13. PRE-TERMINATION The LESSEE may terminate this contract at any

time but only for just cause or any reason mutually agreed upon by the parties
prior to expiration of the Contract, provided the terminating party shall give the
other party an advanced written notice of at least two (2) months prior to the
intended date of termination.

IN WITNESS WHEREOF, the parties have set their hands this _____ day of
_____________, 2017 at Paraaque City.

MARITES DEL ESPIRITU SANTO CIGRES ERIC JAVIER

LESSOR LESSEE

MAT-DIOANA DEL ESPIRITU SANTO CIGRES

LESSOR

Signed in the presence of:

_________________________ _________________________

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 ACKNOWLEDGMENT

Republic of the Philippines )

Paraaque City )SS

BEFORE ME, a Notary Public for and in Paraaque City this _______________
personally appeared and presented their respective govt.-issued IDs bearing their
photographs and signature:

NAME Govt. ID / ID No.

ERIC S. JAVIER Drivers Lic. 198224295

MARITES DEL ESPIRITU SANTO CIGRES

MAT DIOANA DEL ESPIRITU SANTO CIGRES

Known to me and to me known to be the same persons who executed the

foregoing contract and acknowledged to me the same is of their free and voluntary act
and deed.

This instrument consisting of four (4) pages including the page on which this
acknowledgment is written is signed by the parties and their instrumental witnesses in
the left hand margin of each and every page hereof, refers to the CONTRACT OF LEASE
covering the rental of the property situated at the above mentioned address.

WITNESS MY HAND AND SEAL on this ______ day of __________ 2016.

Doc. No. _______;

Page No. _______;

Book No. _______;

Series of 2017

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