CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENT:

This Contract to Lease is made and entered into by and between:

LYWYLYN T. CAVITE of legal age, and a resident of Hermag Village,

Mandaue City Cebu, PHILIPPINES, hereinafter referred to as “LESSEE”.
-and-

ALMA LOMONDOT of legal age, Filipino, and a resident of 117

Camino Rd. Canduman Mandue City, Cebu Philippines, and hereinafter referred
to as “LESSOR”.

WITNESSETH:

WHEREAS, the Lessor is the owner of a certain parcel of land with a

residential house erected thereon located at St. Jude Zone 6 Hermag Villlage,
Mandaue City, Philippines.

WHEREAS, the LESSOR is offering to lease of the above described

property to the LESSEE and the LESSEE is willing to lease the same from the
LESSOR subject to the following terms and conditions hereinafter specified.

NOW THEREFORE, for and in consideration of the terms and mutual

covenants herein stipulated, the LESSOR has let, by these presents, does hereby
lease a portion of aforementioned building and the LESSEE accept subject to the
following terms and conditions, to wit:

1. TERM OF LEASE – The lease is for a fixed period of ONE (1)

YEAR starting ______________ up to ____________ renewable for another
period of ONE (1) YEAR upon agreement of the parties.

2. RENTAL - The monthly rental for the leased premises shall be

TWENTY-FIVE THOUSAND PESOS ONLY (P25, 000.00), Philippine currency
payable on or before the _______ day of each month during the period of the
lease without need of demand. There shall be no increase in the RENTAL FEE in
the first FIVE (5) YEARS from the commencement of this lease.

3. RENTAL DEPOSIT AND ADVANCE – Upon execution of this

Contract, the LESSEE agrees to deliver to the LESSOR without interest the sum
of FIFTY THOUSAND PESOS (P50,000.00) as One (1) month Deposit and One
(1) Month Advance rent. This deposit shall answer for any unpaid rentals, charges
for electricity bills, water and other liabilities as provided in this contract which
chargeable to the LESSEE accruing upon expiration of this Contract of lease.
Any excess amount shall be refunded to the LESSEE within a period of one (1)
months after the expiration of the lease contract without interest. The monthly
rentals shall be covered by cash or Post Dated Checks as agreed to by the
parties.

4. PUBLIC UTILITIES – The LESSEE shall shoulder all the

expenses for water, electricity, telephone and other necessities used or to be used
by the LESSEE in the premises.

5. USE OF THE PREMISES – The LESSEE agreed that the leased

premises shall exclusively be used as board and lodging. It shall not be used for
any immoral or unlawful activities.

6. SUB-LEASE – The LESSEE is prohibited to sub-lease the leased

premises or any portion thereof without the written consent of the LESSOR.

7. IMPROVEMENT/ALTERATION – The LESSEE may make any

improvement/alteration such as but not limited to drilling of walls for frames, and
any other work, upon the leased premises, provided that a prior written consent of
the LESSOR is acquired. Any improvements introduced shall be for the account
of the LESSEE. The LESSEE however may remove the said improvement if no
damage is caused to the leased premises otherwise, they shall remain thereat
without any obligation on the part of the LESSOR to reimburse the expenses
incurred by the LESSEE.

Provided, further, that any additional cost which may be incurred in

affecting such alterations in additions to, removals from, or improvements upon,
the leased premises as well as the cost of restoring the same to its original feature
and design as the termination of the lease shall be for the account of the LESSEE.

8. REPAIRS – the LESSEE shall undertake to make the necessary repair

and maintenance of the leased premises caused by ordinary wear and tear and
natural causes during the period of their occupancy and maintains the leased
premises in good condition. In relation thereto, the LESSOR has the right to
make periodic inspection of the leased premises anytime.

9. CARE OF THE LEASED PREMISES – The LESSEE, shall at its

expense, maintain the leased premises in clean and sanitary conditions, free from
noxious odors, disturbing noises or other nuisance, and upon the expiration of the
lease, shall surrender and return the premises and fixtures in as good condition as
they were actually found at the beginning of the lease.

The LESSEE shall provide itself, at its own cost and expense with
receptacles which local ordinances require, to hold the contain waste matter,
garbage and refuse, and shall deposit them within its own premises or at such
places as may be designated by the LESSOR.

The LESSEE shall not bring into or store in the leased premises anything
of a highly inflammable nature or explosive materials nor install therein any
apparatus, machinery or equipment which may cause obnoxious tremors or noise,
or expose the premises to fire or increase the fire hazard of the building or change
the insurance rate of the building, or any other articles which the LESSOR may
reasonably prohibit, it being understood that should the LESSEE do so, not only
shall the latter be responsible for all the damages which such violations may cause
the LESSOR and/or its other tenants but the LESSOR shall in addition thereto,
have the right to cancel this CONTRACT. If the LESSEE shall use the premised
or deposit therein any such matter as to result in any increase in the rate of the
insurance payable by the LESSOR, the increase shall be for the account of the
LESSEE, without prejudice to the remedy the LESSOR may have under this
clause.

10. HEALTH, SAFETY RULES AND REGULATIONS AND

HOUSE RULES AND REGULATIONS – The LESSEE shall comply with any
and all house rules and health and safety rules and regulations now existing and
which may be promulgated from time to time by the LESSOR and with all the
rules, regulations, ordinances, and laws made by the health or other duly
constituted local or national authorities arising from or regarding the use,
occupancy and sanitation of the leased premises.

In relation thereto, LESSEE shall indemnify and hold harmless the

LESSOR against all actions, suits, damages and claim by whomsoever they may
be brought or made by reason of the non-observance or non-performance of the
said rules, regulations, ordinances, or laws.

11. RETURN OF THE LEASED PREMISES - Upon expiration of the

contract of lease or non renewal, the LESSEE shall peacefully vacate the premises
and restore possession thereof to the LESSOR.

12. RENEWAL OF CONTRACT – TWO (2) months prior to the

expiration of the Lease Contract, the LESSEE shall inform the LESSOR verbally
or in writing of his/her desire to renew or not to renew the Contract of Lease. In
case of renewal, the same shall be subject to the approval of the LESSOR. In the
event of non-renewal, the LESSEE bind themselves to settle the unpaid telephone,
water, electric, and other bills chargeable to them prior to the expiration of the
lease and to turn over to the LESSOR proof of payment thereof.

14. BREACH OF CONTRACT - Should the LESSEE fails to pay

rental for two (2) months or fails to pay their electric, water, and telephone bills
for the same period or otherwise violate any provision of this Contract of Lease,
this contact shall automatically terminated and cancelled without resorting to
court action and in such case, LESSEE hereby appoints the LESSOR or his agents
or duly authorized representative as his duly authorized attorney-in-fact, with full
power and authority to open, enter, occupy, padlock, secure, fence, and/or
discontinue public utilities and otherwise take full and complete physical
possession and control of the leased premises without resorting to court action and
with the use of forced, if necessary; and the LESSEE hereby empowers LESSOR
to take inventory and possession of whatever equipment, furniture, articles,
merchandise, appliances, etc. found inside the leased premises regardless of
whether belongs to the LESSEE or not and to place the same in LESSOR’S
warehouse for safekeeping, charging LESSEE the corresponding storage fees
thereof. In addition thereto, the LESSOR has the absolute right to refuse entry of
the LESSEE from the building premises.

In case the LESSEE fails to pay his/her outstanding obligation with the
LESSOR and likewise fails to claim said equipment, furniture, etc. within a
period of THIRTY (30) days from date of said termination or transfer to the
warehouse, LESSOR is hereby expressly authorized and empowered by the
LESSEE as his/her attorney-in-fact to dispose said properties in a manner allowed
by law and apply the proceeds thereof to whatever liability LESSEE may have to
the LESSOR.

In addition thereto, the LESSEE hereby expressly agrees that any and all
acts performed by the LESSOR under the provisions of this section shall not be
subject of any petition for a Writ of Preliminary and/or mandatory Injunction in
court and that the LESSOR shall be free from any Civil and/or Criminal Liability.

In the event that LESSEE refuses to leave the leased premises after the
expiration of the term of the lease or of cancelation of this lease for whatever
reason, the LESSEE shall pay an additional 100% of the rent as penalty thereof
per month.

15. NON-WAIVER - Failure of the LESSOR to insist upon a strict

performance of any of the terms, conditions, and covenants hereof shall not be
deemed a relinquishment or waiver of any right or remedy that said LESSOR may
have against the LESSEE, nor shall it be construed as a waiver of any subsequent
breach or default of the terms, conditions, or covenants hereof, which terms,
conditions, and covenants, shall continue to be in full force and effect. No waiver
by the LESSOR or any of its rights under this CONTRACT shall be deemed to
have been made unless expressed in writing and signed by the LESSOR.

16. PRE-TERMINATION - The LESSOR has the absolute right to

pre-terminate this contract with good cause and the LESSEE voluntarily
acknowledge the aforementioned right of the LESSOR. In case termination is
without cause, the LESSOR shall give a written notice of pre-termination to the
LESSEE at least thirty (30) days in advance prior to the effective date of
termination of lease.
In case the LESSEE pre-terminates the Contract of Lease, He/She is
required to give a written notice at least 30 days in advance. There shall be no
PRE-TERMINATION FEE imposed, provided the aforesaid Notice is
accomplished.

17. JUDICIAL RELIEF – Should the parties be compelled to seek

judicial relief, the parties expressly agrees that venue shall be solely and
exclusively laid at the proper court in the City of Mandaue to the exclusion of all
other courts.

18. DIVISIBILITY OF CONTRACT - In case any provision of this

lease contract is declared void or unenforceable by final judgment, other
provisions, stipulations, or portions thereof not affected by the declaration shall
remain valid and effective.

19. WARRANTY AND GUARANTEE - The undersigned, hereby

warrants that they have the authority to sign for and in behalf of the LESSEE.
Furthermore, undersigned as LESSEE and/or representative of the LESSEE
guarantees in her personal capacity payment of monthly rentals by the LESSEE.
If the LESSEE fails to pay its monthly rentals and other obligations under this
contract, then, the undersigned will immediately pay the LESSOR all the
LESSEE’s obligation without need of exhaustion of legal remedies.

IN WITNESS WHEREOF, the parties have signed this Contract of Lease

this _________________ at Mandaue City, Philippines.

LLEWELLYN T. CAVITE ALMA LOMONDOT

ID No. ____________ ID No. ___________
Lessor Lessee

Signed in the presence of:

_______________________

ACKNOWLEDGMENT

Republic of the Philippines)

City of Cebu)SS.

Before me a notary public for and in the City of Cebu, personally appeared
LLEWELLYN T. CAVITE and ALMA LOMONDO with their competent
proofs of identity with ID Numbers indicated herein, issued on the day, place and
year above written, known to me and to me known to be the same persons 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 affixed my signature this

________________ at Cebu City, Philippines.

Doc. No. _____;

Page No. ____;
Book No. ____;
Series of 2022