CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease (the “Contract”), made and entered into this 24 of March 2019, in the
City of Las Pinas, Philippines, by and between:

NESTOR C. DOCOY, Filipino Citizen, of Legal Age, with postal address at #19
Silver St., Camella 4A, Pamplona Tres, Las Pinas City herein referred to as the
LESSOR:
- and -

SHIELA LOOC, Filipino Citizen, of legal age with postal address at BioEnzyme
Compound Garces St., Balite, Silang Cavite hereinafter referred to as the
LESSEE;

WITNESSETH, that:

WHEREAS, the LESSOR is the registered legal and absolute owner of a 2-storey house
situated at #19 Silver St., Camella 4A, Pamplona Tres, Las Pinas City, hereinafter referred to
as the “LEASED PREMISES”;

WHEREAS, the LESSEE desires to lease the above-mentioned LEASED PREMISES, and the
LESSOR is willing to lease the same unto the LESSEE.

NOW, THEREFORE, for and in consideration of the above premises, the LESSOR hereby
leases unto the LESSEE the LEASED PREMISES under the following terms and conditions.

1. PERIOD OF LEASE – This lease shall be for a period of one (1) year, commencing on
March 25, 2019 to March 25, 2020 (the “Lease Term”), renewable upon mutual
agreement of both Parties provided notice of such renewal is given by the LESSEE to
the LESSOR at least forty five (45) days before the expiration of the Contract.

2. RENTAL AND ADVANCE PAYMENT

a) The monthly rental on the LEASED PREMISES shall be PESOS: THIRTY

THOUSAND PESOS ONLY (Php 30,000.00) Philippine currency (the “Monthly
Rental”).

b) ADVANCE PAYMENTS- Upon signing this Contract, the LESSEE shall pay the
sum of PESOS: SIXTY THOUSAND PESOS (PhP60,000.00), representing the
advance payment of Monthly Rental for the entire Lease Term covering a period of
TWO (2) months from March 25, 2019 to May 25, 2019 (the “Advance
Payment”).

c) REMAINING MONTHLY LEASE PAYMENTS – the LESSEE shall issue 10

postdated checks payable to the LESSOR every 22nd of the month.

3. SECURITY DEPOSIT

a) Upon signing this Contract, the LESSEE shall remit to the LESSOR a security
deposit in the amount of PESOS: SIXTY THOUSAND PESOS (PhP60,000.00),
equivalent for two (2) months Monthly Rental (the “SECURITY DEPOSIT”).
Within thirty (30) days from expiration of the lease under this Contract, the
LESSOR is obligated to make an accounting of any permitted deductions on
the Security Deposit and to submit the same with corresponding official receipts
and supporting documents for confirmation by the LESSEE. The Security
Deposit shall in no case be applied for payment of unpaid rentals in case of
extension or renewal of the Lease Term.

b) Strictly within the said thirty (30)-day period, the Security Deposit shall be
returned by the LESSOR to the LESSEE without interest, less damages on the
LEASED PREMISES during the period of lease, fair wear and tear excepted.
Any utility bills pertaining to the period of occupancy by the LESSEE which
 have not yet been paid upon expiration of the said thirty (30)-day period shall
be billed separately by the LESSOR and shall be paid by the LESSEE without
interest.

4. WATER, ELECTRIC CURRENT, ETC. – All utility expenses such as water, electric
current, internet, cable and telephone, home owner’s association dues shall be for the
account of the LESSEE.

5. ASSOCIATION DUES The LESSEE shall pay the monthly association dues to the
subdivision for the duration of the contract.

6. IMPROVEMENTS – The LESSEE shall not make any major structural changes,
alterations or improvements, whether major or minor in the LEASED PREMISES
without the written consent of the LESSOR. However, any major alterations or
improvements made or introduced by the LESSEE on the LEASED PREMISES with
the written consent of the LESSOR shall, upon termination of the Contract and
provided the LESSOR is not in breach, automatically inure to the benefit of the
LEASED PREMISES and become the property of the LESSOR without any obligation
on the LESSOR’s part to pay or refund its value or cost to the LESSEE.

7. SANITATION AND REPAIRS – The LESSEE shall keep the LEASED PREMISES
clean and in sanitary condition. The LESSEE has inspected the LEASED PREMISES
and found the same to be in good condition. The LESSOR shall be responsible for all
major repairs (those costing over PhP2,000.00 per occurrence) on the LEASED
PREMISES and on the water, electrical and sewage installations that are due to
ordinary wear and tear, except repairs due to the fault or negligence of the LESSEE or
the Occupant, members of his household or guests. Minor repairs are those costing
PhP2,000.00 or less per occurrence and shall be for the account of the LESSEE.

The LESSOR shall do all repairs and breakdown on the LEASED PREMISES which
may occur within the first thirty (30) days of the Lease Term, provided it is not due to
the negligence of the LESSEE and has been reported to the LESSOR in writing within
such thirty (30)-day period.

It is further stipulated that all repairs to be undertaken by the LESSOR under this
Contract shall be attended to immediately and in no case later than five (5) days from
the time the LESSEE serve written notice of such needed repairs upon the LESSOR.

8. FIRE HAZARDS AND OBNOXIOUS SUBSTANCES – The LESSEE shall not keep,
deposit or store in the LEASED PREMISES any obnoxious substances or inflammable
materials or substances that constitutes a fire hazard.

9. REAL ESTATE TAXES – Real Estate Taxes, Government assessments and taxes, and
fire insurance shall be for the LESSOR’s account. Insurance of personal effects of the
LESSEE shall be for the LESSEE’s account.

10. THIRD PARTY LIABILITY – The LESSEE, during its occupancy of the LEASED
PREMISES, shall hold the LESSOR free and harmless from any damages or liability or
responsibility to any person or property arising out of or as a consequence of the use of
the LEASED PREMISES by the Occupant, his family, domestic help and guests. When
such damage or liability is caused by a fortuitous event or an act of God, such as
typhoon, earthquake, flood, etc., which is beyond the control of the LESSEE, the latter
shall not be liable to the LESSOR.

11. SALE, TRANSFER, MORTGAGE – In the event of a sale, transfer, mortgage or any
other encumbrance of the LEASED PREMISES, or any existing sale, transfer,
mortgage or encumbrance of the same, the LESSOR shall warrant that the purchaser,
mortgagee or encumbrance holder shall respect all the terms and conditions of this
Contract including the provisions for the extension or renewal of its Lease Term.

12. PRE-TERMINATION CLAUSE – Should the LESSEE abandon or vacate the LEASED
PREMISES without notice, or pre-terminates the Contract for any reason without fault
on the part of LESSOR, the security deposit shall be forfeited in favor of the LESSOR,
remaining checks after the three months guaranteed rent will be return to the LESSEE.

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13. RETURN OF THE LEASED PREMISES – Upon termination of this Contract, the
LESSEE shall immediately vacate the LEASED PREMISES and return possession
thereof to the LESSOR upon the latter’s request, unless the Lease Term is extended or
renewed. Sixty (60) days prior to the return of the LEASED PREMISES, the LESSOR
may show the LEASED PREMISES to prospective tenants at reasonable hours and
with prior written notice to and approval of the LESSEE. The LESSEE shall surrender
and return the LEASED PREMISES in as good condition as at the commencement of
the lease, fair wear and tear excepted.

14. BREACH OR DEFAULT – Should either Party violate the terms and conditions of this
Contract, the aggrieved Party shall have the right to extrajudicially terminate this
Contract without prejudice to any claim for damages arising therefrom. However,
before the right to terminate shall take effect, the Party guilty of the violation shall be
given thirty (30) days from receiving the other Party’s written notice of default, to
correct or rectify the violation. If the Party in breach is the LESSEE, the LESSOR shall
be entitled to actual damages. If the Party in breach is the LESSOR, all unused rental
payments shall be returned to the LESSEE without prejudice to LESSEE’s right to
recover other damages incurred by reason of said breach or default.

15. ENTIRETY OF AGREEMENT – This Contract represents the entire agreement

between the Parties in respect of the lease hereunder and supersedes all prior
negotiations, representations or agreements, either oral or written. This Contract may
be amended only by a written instrument signed and agreed by both Parties.

IN WITNESS WHEREOF, the Parties have signed these presents on the date and at the place first above-
written.

NESTOR C. DOCOY SHIELA LOOC

LESSOR LESSEE

Witness: Witness:

________________________________ ______________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

____________________________ )S.S.

BEFORE ME, a Notary Public, this _______________ day of _________________, Metro

Manila, personally appeared the following:

NAME GOV’T ID NO. / TIN NO. ISSUED ON / AT / VALID UNTIL

NESTOR C. DOCOY __________________________ ___________________________

SHIELA LOOC __________________________ ___________________________

all known to me and to me known to be the persons who executed the foregoing Contract of
Lease, consisting of three (3) pages inclusive of the page upon which this Acknowledgment is
written and signed by each Party’s representative and their respective instrumental witnesses
on every page thereof, which they acknowledged to be their free and voluntary act and deed
and that of the person or corporation they each represent.

IN WITNESS WHEREOF, I have hereunto affixed my signature and notarial seal this _____
day of __________ 2019 at ________________________.
Notary Public

Doc. No. ______;

Page No.______;
Book No.______;
Series of 2019.