CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease is entered into by and between:

NEIL CHRISTIAN HERNANDEZ, Filipino, of legal age, and with

office address at 1920 G. Tuazon St., cor. Palawan St., Brgy. 573,
Zone 56, Sampaloc, Manila City, hereinafter referred to as the
LESSOR;

-and-

JENICA MARIE C. PERLADA, Filipino, of legal age, and with

address at 1767 – N Taft Avenue, Pasay City, herein after referred
to as the LESSEE.

WITNESSETH:

WHEREAS, the LESSOR is the Building Administrator of a property located at 1920 G.

Tuazon St., cor. Palawan St., Brgy. 573, Zone 56, Sampaloc, Manila City, improved with a three-
story residential/commercial building, and is leasing units of the same by virtue of a Special
Power of Attorney executed and duly signed by the owner thereof, granting onto the LESSOR the
authority to, among others, enter into such lease.

WHEREAS, the LESSEE, is willing and desirous to lease one (1) unit, in particular Unit
__ of the ___ Floor of the aforementioned building, from the LESSOR, and the latter has agreed
and consented to lease onto the LESSEE such particular unit of the building.

NOW THEREFORE, for and in consideration of the payment of rent and compliance
with all the conditions and covenants hereinafter stipulated, the LESSOR has agreed to lease
and let, as it hereby leases and lets, unto the LESSEE, and the latter has agreed to accept in lease,
and he/she accepts in lease the designated unit of the building, under the following terms and
conditions:

I. AMOUNT OF RENT

The LESSEE shall pay to the LESSOR, for the use and occupancy of the premises
hereby leased, a monthly rental of ____________________ (P___________.00),
Philippine currency, payable in advance on or before the ____ day of each month,
 without demand. It is understood that in case of default, the amount of rental then
due and owing shall earn a penalty of P1,000 per month or a fraction thereof,
without prejudice to the right of the LESSOR to terminate this Agreement and eject
the LESSEE as hereinafter set forth. LESSOR shall have the right to deduct the
penalty fee from the deposit upon the termination of this Agreement.

II. TERM OF LEASE

The term of this Contract of Lease shall be for ___ months to commence on
______________ to ______________.

III. RENEWAL

Renewal of this Contract shall not be implied, and shall be negotiated by the LESSEE
two months before the expiry date and under such terms and conditions that shall be
mutually agreed upon between LESSOR and LESSEE.

IV. DEPOSIT

Upon the execution of this Contract, the LESSEE shall deposit with the LESSOR the
amount of ____________________ PESOS (P________.00) representing two months
deposit and two months advance. The deposit shall be charged for any obligation of
the LESSEE under this Contract, including the renewals and extensions thereof, and
shall be returned without interest at the termination of the Agreement after
deducting whatever account the LESSEE might then have owing to the LESSOR
including damages on the rented premises, and only after all bills chargeable to the
LESSEE are paid. Such deposit or the remaining amount thereof, after legitimate
deductions are made, shall be returned to the LESSEE not later than sixty (60) days
from the termination of this Contract. Nothing herein contained shall be understood
as granting the LESSEE the right to require before the termination of the lease that
the deposit be applied against overdue rentals and other outstanding accounts
owing to the LESSOR so as to keep the LESSEE’s account current.

This deposit shall be considered forfeited to the LESSOR in case the LESSEE vacates
the premises before the termination of the contract of lease or any extension or
renewal thereof, but without however, absolving the LESSEE from his responsibility
to the LESSOR for the rentals corresponding to the remaining period of the lease. It
is also understood that the LESSEE’s two months deposit is defaulted should this
Contract be terminated by the LESSEE before the end of the term herein.
V. USE OF THE PREMISES

The LESSEE hereby expressly agrees and warrants that the leased premises shall be
used exclusively for residential or commercial purposes, as the case may be, and not
for illegal or immoral purposes. The LESSEE shall not use the premises for any other
purposes without the prior written consent of the LESSOR. The LESSEE shall not
bring into or store in the leased premises anything of a highly inflammable or
explosive nature, nor install therein any apparatus, machinery or equipment which
may cause obnoxious odors, tremors or noises, or which may expose the leased
premises to fire or increase the fire hazard of the building or change the insurance of
the building or any other article which the LESSOR may reasonably prohibit; it being
understood that should the LESSEE do so, not only shall the latter be responsible for
all damages which such violations may cause the LESSOR and/or other tenants but
the LESSOR shall, in addition thereto, have the right to cancel this Contract.

VI. STRICT APPLICATION OF THE RULES OF CONDUCT FOR THE SAFE AND
SANITARY USE OF BUILDING PREMISES

In addition to the terms and conditions herein stated, the regulations and guidelines
set forth under the Building’s Rules of Conduct for the Safe and Sanitary Use of Building
Premises attached herewith as Annex A shall be strictly complied with.

VII. REPAIRS AND MAINTENANCE.

Except in the case of necessary repairs, which are for the account of the LESSOR, the
cost of other repairs and maintenance not exceeding one (1) month rent at any time
shall be for the account of the LESSEE. Repairs other than necessary exceeding one
month rent shall have prior approval of the LESSOR before any repair may be made
on the property. Sharing of costs in the latter case shall be agreed upon by the parties
concerned.

VIII. ALTERATIONS, ADDITIONS, INSTALLATION OF PERMANENT FIXTURE,

IMPROVEMENTS

The LESSEE shall not introduce any partition or division, improvement or alteration
in the premises without the prior notice to and written consent of the LESSOR. Any
partition or division introduced by the LESSEE with the consent of the LESSOR shall
be removed by the LESSEE at his expense upon the expiration of this Contract or in
the event that no renewal is made, and that any damage or injury caused within the
 leased premises by such removal shall be repaired as to restore the premises to the
same condition they were before such division was installed. In no event shall the
cost of improvements introduced by the LESSEE be made to offset or be considered
in payment of the unpaid accounts of the LESSEE. The LESSEE may leave behind
provided LESSOR consents. In such event, the partitions become the property of the
LESSOR without any obligation on the part of the latter. The LESSEE shall not drive
nails, screws or any attachments to the main divisions and walls of the premises. In
the event that any attachment is made necessary, the same shall be allowed with the
prior consent of the LESSOR provided that the attachment shall not cause irreparable
damage to the premises. The installation of additional electric, telephone or other
utilities and/or facilities shall be with the prior knowledge and written consent of the
LESSOR and shall be for the account of the LESSEE, it being understood that the
leased premises had been provided with normal convenience to meet the minimum
requirements of an ordinary space user. Improvements, additions and installations
undertaken by the LESSEE on the leased premises without the consent of the
LESSOR, shall, upon the expiration of the terms of this contract or any extension or
renewal thereon, become the property of the LESSOR without any need for him to
reimburse LESSEE for the same.

IX. SUBLEASING, TRANSFER OF RIGHTS

The LESSEE shall not sublease any portion of the leased premises or transfer his/her
rights under this agreement to anyone without the prior notice to, and written
consent of, the LESSOR.

X. OTHER RESPONSIBLITITES OF THE LESSEE

Other than those responsibilities of the LESSEE as indicated herein, it is understood

that the LESSEE assumes full responsibility for any damage or injury caused the
leased premises by itself or himself or any of his/her employees, helpers, relatives or
guests. The LESSOR or any of his authorized representatives with written authority
form the LESSOR, shall be allowed entry to the leased premises at reasonable hours
(8am-8pm) of the day for the purpose of assessing repairs, alterations, maintenance,
or the general upkeep of the building.

XI. TERMINATION

Upon the expiration of the term of this Contract and no renewal is made, or upon
cancellation or termination hereof, the LESSEE shall surrender the premises to the
LESSOR, peaceably together with all the keys appertaining thereto, devoid of all
 occupants, furniture, articles and effects which are not subject to lien, clean and in
good condition as it was when first entered into by the LESSEE, other than those
occasioned by normal use and ordinary wear and tear. Any damage other than
ordinary wear and tear to the leased premises shall be restored, repaired and
mended by the LESSEE and at his expense, before the turnover of the premises to the
LESSOR. It is also understood that all bills to be paid by the LESSEE shall have been
paid and settled at the cut-off period and any unpaid bills existing shall be satisfied
from the deposit made by the LESSEE to the LESSOR. No termination shall be made
earlier than the agreed contract period. LESSEE’s failure to comply with this
provision authorizes the LESSOR to forfeit LESSEE’s deposit.

XII. LESSEE SATISFIED

The LESSEE hereby certifies that he/she has inspected the building, the leased
premises and the facilities offered existing in the building and has likewise fully read
and understood the contents of this Contract. In consideration of his satisfaction of
the same, LESSOR hereby signs this Contract of Lease.

XIII. WAIVER OF RIGHTS OF LESSEE

In the event of failure of the LESSEE to pay rental dues for one (1) month, the
LESSOR, without prejudice to the LESSEE, has the right to padlock the premises
without the need for demand, notice or judicial prescription. This Contract serves as
the POWER OF ATTORNEY vested by the LESSEE to the LESSOR.

IN WITNESS WHEREOF, the parties hereto have signed these presents this ______ day
of ____________________ at ____________________.

LESSOR: LESSEE:

__________________________________ Jenica Marie C. Perlada

SIGNED IN THE PRESENCE OF:

__________________________________ __________________________________
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

______________________________ )S.S.

SUBSCRIBED AND SWORN to, this _______ day of _______, affiants personally
appeared and presented to me their competent proof of identity, to wit:
NAME ID/No./Issuance Expiry

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