CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

THIS CONTRACT, entered into by and between:

Spouses EFREN C. CLAMOR and LOURDES M. CLAMOR, of legal age,

married and with residence address at Block 31 Lot 8, Narra Street, Rainbow
Village 5, Phase 2, Bagombong, Caloocan City, hereinafter collectively
referred to as the LESSOR;

- and -

JESUS IS LORD CHURCH, a religious corporation duly organized and

existing under the laws of the Republic of the Philippines with office address
at 3rd Floor, St. Francis Square Building, Ortigas Center, Mandaluyong, and
duly represented by CARMENCITA L. TOBIAS, hereinafter referred to as the
LESSEE;

WITNESSETH:

That for and in consideration of the payment of rent and of the conditions and
covenants hereunder contained, the LESSOR, as the absolute owner, does hereby let,
lease and demise as it is hereby let, leased and demised, unto the LESSEE the
premises at Block 1, Lot 1 Rainbow 5, Susano Road, Deparo, Caloocan City covered by
Transfer Certificate of Title No. C-335484 of the Registry of Deeds for Caloocan City
specifically measuring 214 square plus another 140 square meters adjacent thereto
covered by Transfer Certificate of Title No. 285031 or a total area of 354 square meters,
more or less hereinafter referred to as the Leased Premises, and the LESSEE has
agreed to accept as it does hereby accept the lease under the following terms and
conditions:

1. The lease shall be for a period of five (5) years beginning on 01 February 2015
until 01 February 2020 renewable upon mutual agreement of the parties;

2. The monthly rental of the Leased Premises shall be FIFTEEN THOUSAND

PESOS ONLY (P15,000.00) payable not later than the twentieth (20 th) day of
the month without need of demand;

3. The security deposit equivalent to two (2) months rental or a total of Thirty
Thousand Pesos (P30,000.00) paid by the LESSEE to the LESSOR in the
previous contracts of lease shall be refundable to the former at the end of this
lease, upon clearance of payment for utilities incurred up to the end of lease
contract;

4. The Leased Premises have been received by the LESSEE in good and
tenantable condition;

5. All real property taxes and other assessments on the Leased Premises shall be
for the account of the LESSOR;

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6. All ordinary repairs within the Leased Premises that arise in the daily use of the
facilities therein shall be for the account and expense of the LESSEE, without
right of reimbursement.

7. As LESSOR has given LESSEE the right to make and introduce permanent
improvements on the property, the LESSEE shall be considered a builder in good
faith insofar as said improvements are concerned;

8. Save ordinary wear and tear and other events not attributable to the LESSEE,
the LESSEE shall deliver the Leased Premises to the LESSOR at the end of this
lease or termination thereof in as good condition in all respects as when first
occupied;

9. The LESSEE shall use the Leased Premises exclusively for church and office
purposes, with right of the LESSEE to have caretaker/s to reside on the
premises for proper maintenance;

10. The LESSEE is expressly prohibited to sublease the Leased Premises to anyone
without the written consent of the LESSOR;

11. All charges for water, light, gas and telephone used within the Leased Premises
for the duration of this contract shall be for the account of the LESSEE;

12. The LESSEE shall be responsible for the observance of sanitary and electrical
regulations required or imposed by the city or government authorities regarding
the use of the Leased Premises;

13. The LESSEE shall have the right to preterminate the lease provided that proper
notice in writing shall be made to the LESSOR at least thirty (30) days prior to the
intended date of pretermination;

14. In case of sale, transfer or other disposition by the LESSOR of the Leased
Premises or property, LESSOR hereby gives the LESSEE the right of first refusal
over the Leased Premises and/or of the entire lot covered by the aforecited
certificate of title;

15. In case of mortgage or other encumbrance without transfer of ownership,

LESSOR undertakes, agrees and warrants that the mortgagee, transferee or
assignee shall respect the terms and conditions of this Contract of Lease and
that written notice shall be made to the LESSEE at least sixty (60) days prior to
such mortgage, encumbrance or other disposition of the Leased Premises;

16. The LESSEE shall cause the registration of the instant Contract of Lease with the
proper Registry of Deeds at its expense. For this purpose, LESSOR shall deliver
the owner’s duplicate copy of the title to the duly authorized representative of the
LESSEE within five (5) days from execution of this Contract and the latter shall
immediately return the title to the former upon registration hereof;

17. Any action or suit in connection with this Contract of Lease shall be instituted in
the proper courts of Pasig City to the exclusion of other venue.

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 IN WITNESS WHEREOF, the parties hereunto have signed this Contract of
Lease this ________day of ___________ 2015 in __________________.

EFREN C. CLAMOR JESUS IS LORD CHURCH

Lessor Lessee
Represented by:

LOURDES M. CLAMOR CARMENCITA L. TOBIAS

Lessor

WITNESSES:

________________________ _________________________

ACKNOWLEDGMENT

Republic of the Philippines }

__________________________ } S.S

BEFORE ME, a Notary Public for and in the __________, this

________________ 2015 personally appeared the following persons exhibiting their
respective identification cards as competent evidence of identity:

Name Competent Evidence of Date/Place Issued

Identity
Driver’s License
Efren C. Clamor No. N13-83-018186 ___________________

Lourdes M. Clamor SSS No. 33-5454870-7 ___________________

Carmencita L. Tobias ______________________ ____________________

known to me to be the same persons who executed the foregoing instrument

denominated as CONTRACT OF LEASE consisting of three (3) pages including this
page on which the acknowledgment is written, and they acknowledged to me that the
same is their free and voluntary act and deed and of the corporations they represent.

WITNESS MY HAND AND SEAL on the date and place abovewritten.

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of 2015.

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