CONTRACT TO LEASE

KNOW ALL BY THESE PRESENT:

The contract of LEASE made and entered in the Municipality of San Isidro, Province of Isabela.

JOANNE L. GUMANGAN represented by Mr. Carlo Luniza, legal age, Filipino and resident of
Gomez, San Isidro, Hereinafter called the “LEASOR”

-and

ANGELICA B. SADERNAS, JENIFFER R. DOLORES, FROILAN A. TUMAMAO and

EMERSON P. VALENZUELA, all of legal age, Filipino, and a resident at San Isidro, Isabela,
Hereinafter called the “LESSEE”.

WITNESSETH: that

Whereas, the LEASOR is the owner of the said building situated at Barangay Gomez, San Isidro,
Isabela beside Municipal Amphitheater.

Whereas, the LESSEE desirous of renting the said store/building thereof.

NOW, THEREFORE, for and in consideration of the foregoing premises and of payments of rent.

LEASOR hereby lets unto LESSEE who hereby hires and take from lesson and acknowledges
receipt of the premises in good and complete and tenantable condition under the covenant set forth
herein below which the LESSEE accepts to wit:

TERMS AND CONDITIONS:

1. LEASED PREMISES. It shall be understood that the subject of this lease shall be limited
to the use of space inside the unit or shall mentioned above. The LEASOR reserves the
rights to use, alter, let the sublet all the other areas outside of the unit subject of this lease
including all common areas.
2. PERIOD OF LEASE. The period of this lease shall be One (1) year starting on ______ and
ending on ______.
3. AUTOMATIC RENEWAL. The LESSEE shall give the LEASOR thirty (30) days written
notice if he wishes not to renew this lease. This contract shall be deemed renewed on its
anniversary date under the same terms and conditions upon continued occupation by the
LESSEE and the absent of notice of termination by either part thereof.
4. LEESSEE’S RIGHT TO CANCEL. The LESSEE obliges herself to occupy the leased
premises for the entire year under the Lease and annually for all renewal periods thereafter.
Either party shall pay a penalty fee equivalent to one (1) month rent if she chooses to cancel
or break this lease at any time during its initial period or renewal periods thereafter.
 5. RENT. The LESSEE shall pay to the LEASOR or its duly authorized representatives a
monthly rent in the sum of Three thousand pesos only (Php 3,000.00), Philippine currency.
6. MANNER OF PAYMENT. The rent stipulated herein shall become due and payable every
first day of ensuring month without necessity of demand.

ANGELICA B. SADERNAS

JENIFFER R. DOLORES

FROILAN A. TUMAMAO

EMERSON P. VALENZUELA
LESSEE

JOANNE L. GUMANGAN
LESSOR

Represented by:

CARLO LUNIZA