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LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS: This CONTRACT OF LEASE is made and executed at the City of Iloilo, this day of 17th day of uly, !"11, #y and #et$een% NELSON LI& and A''( LI&, of le)al a)e, Fili*inos, and $ith +esidence and *ostal add+ess at ,- .el)ado St/, Iloilo City, he+einafte+ +efe++ed to as the LESSORS. -ANDTITO CA&AC0O and TITA CA&AC0O, Fili*inos and $ith +esidence and *ostal add+ess at 77 1o#lacion, Ca#atuan, Iloilo, he+einafte+ +efe++ed to as the LESSEES. WITNESSETH; That WHEREAS, the LESSOR is the o$ne+ of T0E LEASE. 1RE&ISES, a th+ee hecta+e a)+icultu+al *+o*e+ty situated at Brgy. Ab !ay, Ot"#, I!" !"; WHEREAS, the LESSORS a)+ee to lease2out the *+o*e+ty to the LESSEE and the LESSEES a+e $illin) to lease the same3 NOW THERE$ORE, fo+ and in conside+ation of the fo+e)oin) *+emises, the LESSORS lease unto the LESSEES and the LESSEES he+e#y acce*t f+om the LESSORS the LEASE. *+emises, su#4ect to the follo$in)% TERMS AND CONDITIONS %. P&RPOSES: That *+emises he+e#y leased shall #e used exclusi5ely #y the LESSEE fo+ a)+icultu+al *u+*oses only and shall not #e di5e+ted to othe+ uses/ It is he+e#y ex*+essly a)+eed that if at any time the *+emises a+e used fo+ othe+ *u+*oses, the LESSORS shall ha5e the +i)ht to +escind this cont+act $ithout *+e4udice to its othe+ +i)hts unde+ the la$/ '. TERM: This te+m of lease is fo+ FI6E 789 (EARS f+om "1 Au)ust !"": to "1 Au)ust !"11 inclusi5e/ ;*on its ex*i+ation, the lesso+s shall +etu+n the *ossession of the land $ithout the need of demand f+om the lessees/ (. RENTAL RATE: The monthly +ental +ate fo+ the leased *+emises shall #e in 1ESOS% T<ENT( T0O;SAN. 1ESOS 71 !","""/""9, 1hili**ine Cu++ency/ All +ental *ayments shall #e *aya#le to the LESSORS yea+ly e5e+y fi+st day of Au)ust of !"": to !"11/ ). S&B-LEASE: The LESSEES shall not di+ectly o+ indi+ectly su#let, allo$ o+ *e+mit the leased *+emises to #e occu*ied in $hole o+ in *a+t #y any *e+son, fo+m o+ co+*o+ation, neithe+ shall the LESSEES assi)n thei+ +i)hts he+eunde+ to any othe+ *e+son o+ entity and no +i)ht of inte+est the+eto o+ the+ein shall #e confe++ed on o+ 5ested in anyone #y the LESSEES $ithout the LESSORS= $+itten a**+o5al/

*. P&BLIC &TILITIES: The LESSEE shall *ay fo+ its tele*hone, elect+ic, ca#le T6, $ate+, Inte+net, association dues and othe+ *u#lic se+5ices and utilities du+in) the du+ation of the lease/ +. $ORCE MA,E&RE: If $hole o+ any *a+t of the leased *+emises shall #e dest+oyed o+ dama)ed #y fi+e, flood, li)htnin), ty*hoon, ea+th>ua?e, sto+m, +iot o+ any othe+ unfo+eseen disa#lin) cause of acts of @od, as to +ende+ the leased *+emises du+in) the te+m su#stantially unfit fo+ use and occu*ation of the LESSEES, then this lease cont+act may #e te+minated $ithout com*ensation #y the LESSORS o+ #y the LESSEES #y notice in $+itin) to the othe+/ -. LESSOR.S RI/HT O$ ENTRY: The LESSOR o+ its autho+iAed a)ent shall afte+ )i5in) due notice to the LESSEES shall ha5e the +i)ht to ente+ the *+emises in the *+esence of the LESSEES o+ its +e*+esentati5e at any +easona#le hou+ to examine the same o+ ma?e +e*ai+s the+ein o+ fo+ the o*e+ation and maintenance of the #uildin) o+ to exhi#it the leased *+emises to *+os*ecti5e LESSEE, o+ fo+ any othe+ la$ful *u+*oses $hich it may deem necessa+y/

0/ This CONTRACT O$ LEASE shall #e 5alid and #indin) #et$een the *a+ties, thei+ successo+s2in2inte+est and assi)ns/ IN WITNESS WHEREO$, *a+ties he+ein affixed thei+ si)natu+es on the date and *lace a#o5e $+itten/

NELSON LIM ABBY LIM LESSOR

TITO CAMACHO TITA CAMACHO LESSEE

Si)ned in the *+esence of%

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ACKNOWLED/EMENT Re*u#lic of the 1hili**ines9 BBBBBBBBBBBBBBBBBBBBBBBBB9 S/S 'EFORE &E, *e+sonally a**ea+ed% Name A##y Lim Nelson Lim Tito Camacho Tita Camacho TIN I/./ .ateC1lace Issued ",D7: "8-:78 ",,7D: "D",7D &a+ch 1, !"1" C Iloilo City anua+y1E, !"",CIloilo City Se*tem#e+ 1, !"",CFa++a)a, Iloilo Au)ust 11, !"",CFa++a)a, Iloilo

Gno$n to me and to me ?no$n to #e the same *e+sons $ho executed the fo+e)oin) inst+ument and ac?no$led)ed to me that the same is thei+ f+ee and 5olunta+y act and deed/ This inst+ument consistin) of E *a)es, includin) the *a)e on $hich this ac?no$led)ement is $+itten, has #een si)ned on each and e5e+y *a)e the+eof #y the conce+ned *a+ties and thei+ $itnesses, and sealed $ith my nota+ial seal/ <ITNESS &( 0AN. AN. SEAL, on the date and *lace fi+st a#o5e $+itten/

ATTY.KRISTINECUTAANDALARIOS
CUTANDA AND LARIOS LAW OFFICE 2/F, ANGELES ARCADE, MABINI ST., ILOILO CITY ROLL OF ATTORNEYS NO. 0071789 IBP LIFETIME MEMBERSHIP NO. 09139 P.T.R. N . 091390, 12/31/2013, ILOILO CITY. MCLE C !"#$%&'( N . 0987)

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