CONTRACT OF LEASE This Contract of Lease (“Contract”) made and entered into this 8" day of January 2016 in UPOU Headquarters, Los Barios, Laguna, Philippines, by and between: LEO G. VICTORIO, Filipino, married, with address at Anda corner Rizal ‘Sts. Davao City, hereinafter referred to as the “LESSOR”; and UNIVERSITY OF THE PHILIPPINES OPEN UNIVERSITY,, the 5th constituent university of the UP System with a charter duly organized and existing in accordance with and by virtue of Act 1870, as amended and re-organized and operating by virtue of Republic Act No. 9500, with principal office at U.P. Open University Administration Building, Los Banos, Laguna, Philippines, represented herein by its Chancellor DR. GRACE JAVIER ALFONSO and hereinafter referred to as the “LESSEE” (The Lessor and the Lessee shall hereinafter be collectively referred to as the “Parties” and individually as a“ Party’) WITHESSETH: WHEREAS, the Lessor is the registered owner of a land and building located at corner Anda/Rizal Sts. Davao City, with space designated and more particulariy desoribed in Annex “A” hereof (the “ Leased Premises" WHEREAS, UPOU needs a permanent office in Davao City for the continuity of its operations and has decided to officially lease a space in and around the area for this purpose; WHEREAS, through negotiated procurement and along with other prospective iN lessors, the LESSOR was invited to submit to the UPOU Bids and Awards Committee (‘BAC’) sealed price quotations for possible premises to be leased in Davao City; si WHEREAS, after its deliberations, on 07 January 2015, the UPOU BAC awarded this Lease Contract to the Lessor and proceeded to negotiate the terms thereof; NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants herein contained, the Parties agree as follow: tilt Rp wagSection 1 - TERM OF LEASES at We 13 14 15 16 This lease shall be for a period of seven (7) months to commence on 01 January 2016 and expire on 31 July 2016 (the “Term’). The Lessee warrants the fulfillment of the Term of this Contract. Pre- termination of this Contract by the Lessee, without cause, is generally not allowed, and the Lessee acknowledges that this commitment to fulfil the term is a material consideration for the Lessor's consent to this Contract. However, should the Lessee insist on such pre-termination, there shall be forfeiture of the Security Deposit as provided in Section 3 hereof. This Contract may be renewed for another term, by mutual agreement of the parties, provided the Lessee notifies the Lessor in writing, no less than ninety (90) days prior to the expiration of the Term, of its desire to negotiate the terms and conditions for the renewal of this contract. If this Contract is not renewed, the Lessee shall immediately vacate the Leased Premises upon the expiration of the Term in accordance with Section 18 below, without need of demand from the Lessor. Unless otherwise provided in this Contract, the Term of this Contract shall not be extended notwithstanding any interruption in the physical possession of the Leased Premises by the Lessee for any reason whatsoever. There shall be no tacit renewal of this Contract, notwithstanding the continuation of the Lessee in the possession of the Leased Premises for any length of the time after the expiration of the Term of this Contract. In the event of such continued possession, the terms of this Contract shall continue to apply. Section 2 - RENTAL 24 22 23 The Lessee shall pay the Lessor a basic monthly rental in the amount of PESOS: Eighteen Thousand (PHP 18,000), plus Value Added Tax (if applicable). Withholding tax on rental shall be deducted by the Lessee from the basic monthly rent and paid to the Bureau of Internal Revenue (‘BIR’) as withholding agent of the Lessor. Except for the rental due on the first month of this Contract, which is payable on the date of signing hereof, the monthly rentals shall be due and payable monthly. Upon signing of this Contract, the Lessee shall continue to maintain the sum of PESOS: Fifty Four Thousand Pesos (PHP54,000.00) that is currently with the Lessor, to be applied as follows: het ¢(a) The sum of PESOS: Thirty Six Thousand (PHP 36,000.00), as security deposit equivalent to two (2) months Basic Monthly Rental. The sum of PESOS: Eighteen Thousand (PHP 18,000.00), as advance rental equivalent to one (1) month rental to be applied on the first (1%) month of this Contract. Section 3 - SECURITY DEPOSIT 34 32 33 The amount paid by the Lessee under Section 2.3 (a) above (“Security Deposit’) shall stand as security for the performance of all Lessee’s obligations under this Contract, such as, but not limited to the fulfilment of the entire Term and as security to be maintained throughout the effectivity of this Contract to answer for any unpaid bills, assessments and /or damages that Lessor may incur or that the Leased Premises may suffer by reason of its use by Lessee (except for ordinary wear and tear), and any other accounts related to this Contract, it being understood, however, that Lessee's liability for such obligations under Contract is not limited to the said deposit. The Lessor is hereby authorized (but not obligated) to apply the Security Deposit to any outstanding obligations of the Lessee. The Security Deposit shall at all times be maintained in an amount equivalent to two (2) month’s rental and shall be increased correspondingly by Lessor as and when the rental increase. The Security Deposit shall be returned to the Lessee, without interest sixty (60) days after the expiration of the Term or upon termination of this Contract by reason of occurrence of the events mentioned under Section 13.2 below and after the Lessee shall have completely and satisfactorily vacated and delivered the Leased Premises to the Lessor in accordance with Section 18 below, less whatever amounts the Lessee may owe Lessor or which the Lessor may apply against the Security Deposit as provided hereunder. Likewise, should the Lessee have other obligations which remain due and unpaid under any other contract with the Lessor. The Lessor shall have the right at its sole discretion to apply the amount of these unpaid obligations against the Security Deposit in settlement thereof. ‘The Security deposit shall be forfeited in favor of the Lessor upon the occurrence of the following events: a.) The Lessee fails to occupy the Leased Premises for the full term of this Contract or any extension or renewal thereof, b.) This Contract is pre-terminated by The Lessee for whatever reason Prior to the expiry date of its Term; or ©.) Any breach by Lessee of any of its obligations and covenants under this Contract or under the Rules and Regulations of Lessor, a copy Ahn ekof which is attached hereto as Annex “B” and made an integral part hereof. 3.4 Upon the occurrence of any of the events mentioned in Section 3.3 above, the Security Deposit shall be forfeited in favor of the Lessor, without prejudice to the right of the Lessor to recover whatever damages which may be due to Lessor arising from the occurrence of said events under the provisions of this Contract, Law and /or equity. In the event, however, that this Contract is terminated at the instance of Lessor without any fault or negligence of Lessee but with its conformity, The Security Deposit shall be retuned to the Lessee, net of the amounts that may be deducted under this Contract Section 4 - OTHER CHARGES Utility Charges 4.1 The Lessee shall be responsible for paying the cost of electricity (including generator use), water, telephone, and other utility charges, including the cost of installation fees and deposits related thereto, which are separately and exclusively used and consumed within the Leased Premises. When applicable, the said charges shall be based on actual consumption as reflected in separate meters or sub-meters. 4.2 The Lessee warrants that is shall not tamper with, or cause to be tampered, any device used for measuring the utilities mentioned in Section 4.1 above. 4.3. The Lessee shall pay the said charges directly to the provider of such utilities or to the Lessor in cases when the Lessor has advanced payment therefore, in which case, payment shall be made within five (5) days from receipt of notice that the Lessor has paid for the same. Common Charges 4.4 In addition to the monthly rental provided in Article 2.1, the Lessee shall pay for “common charges" in the amount of PESOS: Two Thousand (PhP 2,000) per month, for the following expenses contracted for the common benefit of all the tenants/ lessees located within the Building: a) expenses for common utilities such as but not limited to, electricity, water, generator, and air-conditioning utilized in common areas of the Building; and b) expenses for common services such as but not limited to security guard services, sewage treatment, pest control services, janitorial services, and garbage disposal services, provided and utilized in the operation, maintenance, preservation, protection and/or improvement of the common areas of the Building fk eee45 The term “common areas" shall include but not be limited to lobbies, stairways, corridors, elevators, public comfort rooms, parking areas, side-roads, pathways, and other appurtenances of the Building that are open or available for the common use or consumption. of all tenants/lessees, their employees, customers and visitors. ‘The contribution of the Lessee shall be payable within five (5) days from receipt by the Lessee of its share in the common charges from the Lessor. Section 5 - USE OF THE LEASED PREMISES ol 52 53 5.4 The Leased Premises shall be used by Lessee exclusively for office purposes only. In no instance shall the Lessee and/or its employees and agents use the Leased Premises or any part thereof as sleeping quarters, nor allow any person to remain in the Leased Premises overnight except duly authorized night cleaners and/ or watchmen. The Lessee shall not divert the premises to other uses without the prior written consent of the Lessor. The Lessee warrants that it shall not use the Leased premises for the any illegal or immoral purpose and that Lessee shall secure all necessary permits, license, and approvals from government authorities with regard to its intended use of the Leased Premises. The Lessee confirms that it has lawful ownership, possession and/ or use ‘any equipment, materials, suppliers or such items it brings into the Leased Premises and that its shall indemnify and hold Lessor free and harmless from the claims or actions of any third party who may dispute said lawful ownership, possession or use. Any depreciation or damage resulting from the ordinary use of the Leased Premises (when neither Party is at fault) that necessitate repairs costing Five Thousand Pesos (PHP 5,000.00) or more on a single occasion shall be for the account of the Lessor. ‘Section 6 - IMPROVEMENTS BY THE LESSEE 4! 62 The Lessee shall not construct or make any alterations, improvements or changes in any part of the Leased Premises, including electrical installations, plumbing and other fixtures, without the prior written consent of the Lessor, which consent shall not be unreasonably withheld. The costs of any construction or alteration conducted on or within the Leased Premises shall be borne by the Lessee, The Lessee shall submit to Lessor the working drawings and plans for any proposed construction or alteration to be conducted on or within Leased Premises Fifteen (15) days before the intended date of such construction or alteration R Bhar6.3 The Lessee shall be responsible for securing all permits, licenses, and approvals from government authorities and/ or private entities, related to the said construction or alteration conducted on the Leased Premises. 64 The Lessee shall indemnify and hold the Lessor free and harmless for any injury or damage resulting from any construction or alteration conducted on the Leased Premises. 65 Upon termination of this Contract, the Lessor shall have the option to either appropriate any permanent improvement introduced on or within the Leased Premises, without any right of reimbursement to the Lessee, or demand the restoration of the Leased Premises to its original condition when first delivered to Lessee, at the expense of the Lessee. Section 7 - COMPLIANCE WITH LAWS, RULES AND REGULATIONS 7.1 The Lessee shall comply with all the laws, ordinance, as well as rules and regulations, promulgated by duly constituted authorities, and that of Lessor, arising from or regarding the use, occupancy, sanitation and/or security of the Leased Premises. The Lessee, its guest, agents, employees and /or other persons under its supervision warrant that it shall comply with the requirements and regulations of the Lessor that include, but are not limited to, the Rules and Regulations of Lessor. 7.2 The Lessee shall indemnify and hold the Lessor free and harmless from any all actions, suits, damages and claims by whomscever that may be brought or commenced, by reason of the non-observance or non- performance by the Lessee of the said laws, ordinances, rules and regulations or of the covenants in this section, without prejudice to the right of the Lessor to cancel this Contract in accordance with penalty provisions provided herein ‘Section 8 - INSPECTION OF THE LEASED PREMISES 8.1 The Lessor or its authorized agents shall, with prior notice to the Lessee, have the right to enter the Leased Premises at any reasonable time to inspect the same or make alterations or repairs, or for any purpose which the Lessor deems necessary for the operation and maintenance of the Building or its installations. Provided that, the same shall not unduly interfere with the normal business operations of the Lessee, 82 Lessee waives the requirements of previous arrangements referred to in the immediately preceding paragraph, in case of fire or other calamities or reasonable suspicion of possible theft, robbery or other crimes occurring in the Leased Premises, in which case, the Lessor or its authorized agents may enter the Leased Premises even forcibly in order to protect the said premises, ft 2A 6Section 9 - REPRESENTATIONS AND WARRANTIES, In additional to its other commitments contained this Contract; the Lessee represents and warrants that: 94 9.2 93 It is authorized to enter into this Contract and to undertake all obligations incidental hereto and that any person singing on its behalf is duly authorized to execute this Contract and to bind the Lessee. It shall operate the Leased Premises, including the equipment and paraphernalia therein, in a safe and reliable manner, taking into account the safety and well-being of the patrons and customer. It shall abate on a best efforts basis within forty-eight (48) hours from occurrence, any strike, lock-out, or picketing conducted within the vicinity of the Leased Premises; In addition to its other commitment contained this Contract, the Lessor represents and warrants that: 94 95 The Lessor is the absolute and registered owner of the Leased Premises; The execution and delivery of this Contract as well as the performance of the Lessor's obligations hereunder and its signatory/ies hereto, have been authorized by the necessary corporate action and does not/will not contravene its Articles of Incorporation and By-laws, any existing provision of Law, government rule or regulation; and The Lessee shall have peaceful enjoyment and possession of the Leased premises. Section 10 - MOVING 10.4 For the convenience and protection of all tenants, the LESSOR reserves the right to fix the hours and prescribe the manner by which representatives, are hereby granted the right and authority without incurring civil and/or criminal liability of any kind to prevent the LESSEE, its employees, agents or representatives, whether by force or otherwise, from taking out furniture, fixtures, equipment or appliances from the Leased Premises. Section 11 - SIGNS AND ADVERTISEMENTS WA No sign, streamer, or any other advertising media shall be inscribed, painted, affixed, or displayed on any part of the Leased Premises or the Building, without the prior written consent of the Lessor. r ateIf permitted, they shall only be of such size and style as the Lessor may determine. They shall only be displayed at the location designated and for the term approved by the Lessor. 11.2. The Lessor shall have the right to remove and/or destroy any authorized sign, streamer, or advertising media, without incurring any civil liability for ‘such. Section 12 - INJURY FOR DAMAGE CAUSED BY THE LESSEE 12.1. The Lessee hereby assumes full responsibility for any injury or damage which it may cause through its fault or negligence, or through the fault or negligence of its agents, employees and/or other persons under its supervision to any person or property while remaining in any part of the Leased Premises or in the Building, and the immediate vicinity thereof, and further binds itself to indemnify and hold the Lessor free and harmless from any such claim on injury or damage. Provide however, that in the case of contributory fault or negligence on the part of the Lessor, its employees, agents, or assigns, such claim shall be reduced to the extent that the Lessor, its employees, agents or assigns, have contributed to the fault or negligence of the Lessee. Section 13 - EXPROPRIATION, DESTRUCTION, DAMAGE TO LEASED PREMISES 13.1 In case the Leased Premises are totally destroyed, or are partially destroyed by causes attribute to the Lessee or its agents, employees and/or other persons under its supervision, such total or partial destruction shall be repaired at the expense of Lessee without any interruption in the running of the Term of this Contract nor the obligation of the Lessee to pay rentals. Provided that if such repairs cannot be completed within 2 months or before the expiration of the Term (whichever is earlier) as determined by a contractor mutually acceptable to the parties, the Lessor shall have the option to terminate this Contract and claim damages from the Lessee. 13.2 In event the Leased Premises are totally destroyed by other causes not attributable to the Parties, or is expropriated, this Contract shall be deemed terminated as of the date of such total destruction or the taking over of the Leased Premises by the expropriating entity without prejudice, however, to the right of either Party to enforce any right acquired prior to such total destruction or expropriation. 13.3 Incase the premises are partially rendered unleasable or damaged for any cause or causes other than that which is attributable to Lessee, its guest, or agents, employees and/or other persons under its supervision, the damage shall be repaired at the expense of Lessor, as speedily as possible, but Lessee shall not be entitled to any compensation or claim by reason of any inconvenience, annoyance or injury to business arising ~ Akenof the necessity of repairing the Leased Premises, except for rental abatement on the unleasable portion of the Leased Premises. Section 14 - INSURANCE 144 Either Party to this Contract may at their option and interest, secure appropriate insurance policies over their respective insurable interests on the Leased Premises and the contents thereof. In case of occurrence of the event insured against, either partial or total loss or damage, neither Lessor nor Lessee shall be liable thereof, so that the part who did not secure an insurance policy shall shoulder its own damages and shall hold the other Party free from any such liability However, the Lessee shall be responsible for securing the appropriate insurance policies to indemnify any injury or death caused to any person resulting from accidents or fortuitous events occurring within the Leased Premises. The Lessee shall provide proof of compliance with this insurance requirements. Section 15 - SUB-LEASE/ ASSIGNMENT OF RIGHTS: 15.4 15.2 The character and integrity of this Contract and the nature of the occupancy of the Leased Premises as above restricted are special considerations and inducements for the execution of this Contract by the Lessor, consequently, the Lessee shall not sub-let the premises, nor allow any person, firm or corporation to occupy the same, in whole or in part, nor shall Lessee assign, in whole or in part, any of its rights under this Contract, without the prior written approval of Lessor, which approval shall not be unreasonably withheld The Lessor agrees that in case of sale, transfer, or assignment of the Leased Premises to any other than Lessee, the Lessor shall require the purchaser, transferee or assignee to respect this Contract of Lease. The Lessor also agrees and warrants the purchaser's transferee's/ assignee’s, ‘commitment to honor the terms and conditions of this Contract. The Lessee shall not abandon or leave the Leased Premises unoccupied for a period of more than Fifteen (15) calendar days except for reasons of y Section 16 - ABANDONMENT 16.1 compliance with a legal order or process. A N | Upon the occurrence of the events mentioned in section 16.1 above, the Lessor shall have the right to immediately enter and take over possession of the Leased premises and exercises its rights under Section 17 and 19 of this Contract,Section 17 - PRE-TERMINATION BY THE LESSOR 174 The Lessor may immediately terminate this Contract, without need to court action, even before expiration of the Term, by sending written notice to the Lessee upon the occurrence of the following events: a) b) °c) If the Lessee commits a material breach of any of the terms and conditions of this Contract or the Rules and Regulations and fails to remedy the same within thirty (30) days from notice by the Lessor to remedy the breach; If the Lessee fails to pay any and all accounts related to this Contract (e.g. rentals, reimbursements, penalties and other) for a period of Seven (7) calendar days from due; and If the Lessee if unable to pay its debts as they fall due and same affects the capacity of the Lessee to perform its obligations under this contract; or the Lessee enters into liquidation whether compulsory or voluntary or compounds with its creditors generally; or has a receiver appointed for all or any substantial part of its assets or takes or suffers any similar action in consequence of debt. Upon pre-termination of this Contract by the Lessor, the Lessee shall surrender the Leased Premises to the Lessor in the manner provided in Section 18 below. Furthermore, all deposits given by the Lessee shall be forfeited in favor of the Lessor without prejudice to any other remedies which the Lessor may have. Section 18 - SURRENDER OF LEASED PREMISES 18.1 18.2 Within twenty four (24) hours from termination of this Contract for whatever cause or causes, the Lessee shall promptly vacate and peacefully surrender the possession of the Leased Premises, together with the keys appertaining thereto, if any, in the same good condition as it was upon the commencement of this Contract, ordinary wear and tear excluded. However, the Lessor shall have the right to prevent the removal and retrain possession of properties found within the Leased Premises as security for payment of the obligation of the Lessee. The Lessee shall be responsible to the Lessor for all damages which the Lessor may suffer by reason of the Lessee's failure to comply with the provisions in this Section and will indemnify Lessor against any and all claims made by any succeeding lessees against the Lessor, resulting from delay by the Lessor in surrendering possession of the Leased Premises to such succeeding Lessee. r 22k. 10Section 19 - REMEDIES AND PENALTIES. 19.4 19.2 19.3, 19.4 19.5 19.6 19.7 19.8 Upon occurrence of the grounds for termination mentioned in Section 17 above, The lessor shall have the power and authority to cut, off electricity and other utility services and lock out the Lessee from the Leased Premises and prevent the Lessee from entry to the Building, except to settle all accounts or obligations in favor of Lessor. In the event of termination under Section 17 above, the Lessor shall have the right to retain properties found in the Leased Premises as security for payment of any of the Lessee’s obligations under this Contract. The Lessor may dispose of such properties and proceeds of which shall be applied to such outstanding obligations of the Lessee. The excess, if any, shall be turned over to the Lessee or whoever is entitled thereto, or the Lessor may place the same on deposit, if necessary. This is without prejudice to the right of Lessor to collect the deficiency, if any, from Lessee. The Lessee hereby appoints the Lessor as its duly constituted attorney-in-fact to effect the provisions of this Section, Upon the termination of this Contract, the Lessor may at its option, remove any and all equipment and machinery of the Lessee in the Leased Premises, without any obligation on the part of the Lessor for safekeeping, care and maintenance thereof. ‘A penalty charge of the One Fifth of One Percent (0.2%) per day (compounded daily) will be imposed on the accounts and/or liabilities of the Lessee to Lessor which are in arrears under this Contract until all liabilities including the penalties thereon of the Lessee to Lessor have been fully paid. In the event that any check delivered by the Lessee as payment for his, obligations under this Contract is dishonored when presented for payment, a penalty equivalent to twenty five percent (25%) of the value of the check shall be imposed on the Lessee in addition to other penalties provide in this Contract In the event the Lessor is compelled to seek judicial relief, the Lessee binds himselt/ itself to pay the Lessor attorney's fees, in a sum equivalent to TWENTY FIVE PERCENT (25%) of the total amount then claimed, but in no case less than equivalent to THREE (3) months’ rental aside from any and all damages and costs of litigation and other expenses to which the Lessor is, under the law, entitled The payment of arrears, penalties, and other charges under this Contract shall be made by the Lessee without need of demand, The right and remedies of the Lessor under this Section shall be cumulative and shall be without prejudice to other rights which Lessor may exercise under this Contract and the law. x areSection 20 - LIMITATION ON LIABILITY 20.1 20.2 The Lessor shall not be liable, or responsible, for any damage or disturbance suffered (whether directly or indirectly) by the Lessee (whether personally or in respect of the Leased Premises or nay contents therein) or by any of its guests, agents, employees and/or other persons under its supervision. Without limiting the generally of the foregoing, the Lessor shall not be liable for the following and those resulting from the negligent act or omission of the Lessor: a) ) °) dq) for the failure, malfunction, explosion or suspension of water supply and/or electric current, computers, telephone, facsimile, emergency power or other services supplied or intended for the Leased Premises or the Building; for the loss, damage or destruction of any article delivered or left with any of the agents, employees or representatives of Lessor or left within the Leased Premises or the Building: for any injury, loss or damage which Lessee, its agents or employees might sustain in the Leased Premises due to any cause beyond Lessor’s control or without Lessor’s fault, including fortuitous events and acts of God; for any damage occasioned by, or arising from the bursting of plumbing, gas, water, and/or other pipes, or the bursting, leaking or destruction of any cistem, tank, washstand, water closet, or waste pipe, arising from acts or negligence of Lessee or its agents, employees, representatives or any and other persons; for any offence, tort, act of negligence or crime committed by Lessee, its employee's agents, servants, visitors, or any other person. for any act, neglect or default of Lessee or other lessees of the Building or of adjoining neighboring premises, or any of the guest, agents employees and/or other persons under its supervision; for any defective or damaged condition of the Leased Premises or the Building; and for any violation of the provisions hereof or the rules and regulations adopted by Lessor or by any appropriate government agency in connection to the possession and maintenance of the Leased Premises by Lessee and the conduct of business operations therein; Unless caused by the gross negligence or willful misconduct of the Lessor, its employees, agents, or assigns, the Lessor is likewise not responsible for any injury or damage resulting from: i Bee 2a) water coming from the ceilings, etc. including any seepage, overflow or leakage of water from any pipe, drain or any within the Building or the influx or rain water into the Leased Premises except those which are due to structural defects; b) any fumes, smoke, fire or other substances from anywhere within the Building; ) any electric current from electric wiring or cable situated upon or in any way connected with the Leased Premises, or any vibration from or any part of the Building or adjoining or neighboring premises; and d) any damage resulting from Lessee's inability to conduct its business because of a labor dispute, strike, or lock-out of other lessees or Lessor. Section 21 - MISCELLANEOUS 24.1 21.2 21.5 21.6 CONDITION OF LEASED PREMISES - The Lessee hereby acknowledges and accepts that the Leased Premises were delivered in good condition by the Lessor. NON WAIVER - The failure of either Party to insist upon the strict performance of any the terms and conditions hereof shall not be deemed as a waiver of any right or remedy that said party may have, nor shall it be constructed as a waiver of any subsequent breach of the terms and conditions herein contained. No waiver of either Party shall be deemed to have been made unless expressed in writing and signed by the said Party. VENUE - The Parties agree that the venue of any court litigation which may arise between them shall be filed exclusively with the proper courts of Davao City. ENTIRE AGREEMENT ~ This Contract and its annexes represent the entire agreement between the Lessor and the Lessee and supersedes all previous oral or written communications, representations or agreements between the parties hereto, and with respect to the subject matter hereof and shall not be deemed amended unless in writing and signed by both parties CONSENT - If the consent of the Lessor is required under this contract, such consent may be given with or without conditions as may be deemed necessary by the Lessor. SEPARABILITY CLAUSE - if any provision or any provision of this Contract is held for any reason to be unenforceable or invalid the remainder of this Contract shall nevertheless remain in full force and fe effect. at na 1B21.7 NON-LIABILTY — Unless otherwise provided herein, Lessor shall not be liable to the Lessee for any damage sustained by the Lessee or other persons occupying the Leased Premises except if such damage arises from gross negligence or willful misconduct of the Lessor. 21.8 REGISTRATION — The Parties agree that this Contract may be registered with the Register of Deeds at the instance of either Party. 21.9 NOTICE - Where demand of notice is required to be given under this Contract, notices to the Parties shall be served at the addresses stated above. IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and signed this 8" day of January 2016 at UPOU Headquarters, Los Bafios, Laguna, Philippines LESSOR UNIVERSITY OF THE PHILIPPINES OPEN UNIVERSITY LESSEE \ LEO GOSECO VICTORIO GR) IERALFONSO- Chap(ellor SIGNED IN THE PRESENCE OF MARIA REMEDIOS C.VICTORIO DR. MELINDA F. LUMANTA Vice Chancellor, Academic Affairs CERTIFIED FUNDS AVAILABLE enoahiapt6fe. JAEN Chief Accountant, UPOU Ler Obn# /b-o/- 61% « baghk 7 can, i [rere Cot ee vs. PPT ~e/) 4ACKNOWLEDGMENT ~__ REPBLUIC OF THE PHILIPPINES) TEP Bafies Laguna, )ss BEFORE ME, a Notary Public for and in vw EB 052016 day of , personally appeetSuManoiaage fe NAME Government ID/PASSPORT# LEOGOSECOVICTORIO §=— BB 7609-¢90 tesued Match 1, 20/2 OFA MLA GRACE JAVIERALFONSO —_—GSIS - 50101202124 known to me and known to be the same persons who executed this instrument and acknowledged that the same is their true and voluntary act and deed and that of the respective universities they represent. This refers to a Contract of Lease consisting of fifteen (15) pages, including this page, wherein this acknowledgment is written, signed by the parties and their instrumental witnesses on each and every page thereof. WITNESS MY HAND AND SEAL on the date and place first above written, Doc. No. _%| ; ATTY. sueneg nun Notary Publiv Until Bece-mbe 31,2016 Page N be 31,2016 = # ; Culambs City, L403 Baiios, 3a, , Laguna SeRCEG TOTES BER No, 0239087/01-O46i6. Fok. “3RRO/Muy 1986 ABP No. 971425/01-05+15, Nut, Come, Nu. 04-20160C 8