LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This contract entered into by and between MARLON P. DUNUAN,

of legal age, Filipino citizen, and residing at Bahawit, Pob. South,
Lagawe, Ifugao, hereinafter referred to as the “LESSOR” and QUINIO P.
TAYABAN likewise of legal age, Filipino, and residing at Pob. North,
Lagawe, Ifugao, hereinafter referred to as the “LESSEE,”

WITNESSETH:

THAT, the LESSOR is the owner of a portion of a parcel of land

situated at Bahawit, Pob. North, Lagawe, Ifugao and that for and in
consideration of the ensuing terms and conditions, the LESSOR hereby
transfer, cede and convey absolute possession of the said portion of
land to the LESSEE;

1. LEASE PERIOD. This contract shall cover from August 1, 2018 which
would end on August 31, 2023, renewable upon agreement of both
parties;

2. LEASE RENTAL. The monthly rental to be paid by the LESSEE to the

LESOR shall be the sum of ONE THOUSAND PESOS (Php1,000.00)
monthly, payable yearly every end of August;

3. ADVANCE PAYMENT. The LESSEE shall pay an amount of TWELVE

THOUSAND PESOS (Php12,000) as advancement payment for August
2018- August 2019. Receipt is hereby acknowledged by the LESSOR.

IN WITNESS WHEREOF, we hereunto set our hands this ____ day

of ____________, 2018 at Lagawe, Ifugao, Philippines.

MARLON P. DUNUAN QUINIO P. TAYABAN

Lessor Lessee
_____________________ ___________________
Republic of the Philippines )
Done in Lagawe,Ifugao………… ) S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the Province of Ifugao,

personally appeared both parties, known to me and to me known to be
the same persons who executed the foregoing instrument which they
signed and acknowledged before me as their free and voluntary acts
and deeds.

WITNESS MY HAND AND SEAL this _____ day of _____________,

2018.

ATTY. PRESLEY JOHN L. NAMINGIT

NOTARY PUBLIC
Lagawe, Ifugao
Roll No. 69260 – May 31, 2017
IBP Receipt No. 1065396 – 1-9-2018
Doc. No. _____; PTR No. 1008786 – 1-15-2018
Page No. _____; MCLE Compliance –Exempt (New Lawyer)
Book No. _____;
Series of 2018