CONTRACT OF LEASE OF PIECE OF LAND

KNOW ALL MEN BY THESE PRESENTS:

This contract of lease made and entered into, by and between:

LESSOR: ___________________, of legal age, Filipino,

single/married/widow, and a resident of _________________, Philippines
with Power of Authority from the heirs of ___________________,
authorized to transact business for them pertaining to the herein described
parcel of land.

LESSEE: ___________________, of legal age, Filipino,

single/married, and resident of _____________________, Philippines.

WITHNESSTH: That-

WHEREAS, the LESSOR is the authorized representative of the

Property located in _______________________, covered by Tax
Declaration No. __________________, more particularly described as
follows:

RESIDENTIAL LOT PROPERTY containing an approximate area of

______________________ (_____) square meters, bounded on the North
by land of _________________; on the East, by _________________; on
the south, by _________________ and on the West
by _________________; boundaries not marked by visible monuments,
with permanent improvements, and with assessed value of
Php _________________ for the year ________.
 NOW, THEREFORE, for and in consideration of the foregoing premises,
and the following mutual covenants, undertakings, obligation of terms and
condition, the parties have agreed, as hereby as follows.

1.      RENTAL. The monthly rental fee for the Leased Property shall

be _____________________ PESOS (Php___________.00) exclusive
of Value Added Tax, to be paid by the LESSEE on or before thirty (30) days
after completion and notarization of this Contract of Lease and every end of
the following month thereafter. It is expressly agreed and understood that
the payment of the rental fee herein stipulated shall be made without the
necessity of express demand and without delay on any ground whatsoever
except those grounds which fundamentally undermine the purpose and
object of this contract.

2.      PERIOD OF LEASE. The term of this lease shall be for a period

of _________ (__) year/s commencing on ________________ and
expiring on ________________ unless sooner terminated for cause and
in the manner hereunder provided. This Contract of Lease may be renewed
for another _____ years at the option of both parties under such terms and
conditions mutually agreed upon by the parties, LESSOR and LESSEE.

3.      COMPLIANCE WITH LAWS, GOVERNMENT RULES AND REGULATIONS

AND REASONABLE DIRECTIVE OF LESSOR. The LESSEE shall comply
with any and all laws, ordinance, regulations or orders of the National or
Local Government authorities arising from or regarding the use, occupation
and sanitation of the Leased Property.  The LESSEE shall comply with all
sanitary condition and proper disposal of waste from the Leased Property.

4.      IMPROVEMENTS. The LESSEE is allowed to build structures and other

improvements on the said leased property. The LESSOR allows the LESSEE
to expand the structure and other improvement towards the adjacent
foreshore land. It is expressly agreed by the parties herein that any fixed
improvements or renovations that is introduced or will be introduced in the
subject land by the LESSEE shall remain as the property of the LESSEE even
after the expiration of the term of this Contract and shall be disposed of
according to the provisions of the Civil Code.

5.      RENEWAL. In the event the LESSOR desires not to renew the contract, the
LESSOR shall notify in writing the LESSEE at least two years before the
expiration of the period agreed. Failure to give the written notice renders the
 LESSOR liable for any damage or business losses that the LESSEE may incur
as a result of the non-renewal of the contract. The LESSOR and the LESSEE
have the option to renew this lease under the terms, conditions and
covenants mutually agreeable to both parties.

6.      WARRANTY. Undersigned LESSORS expressly warrant and represent that

they have the full authority to lease the said property to LESSEE, and that
the said property is and will be free from any encumbrance and is and will
not be bound by prior and future agreement with third parties.

IN WITNESS, WHEREOF, the parties have set their hands on this

________________________ 2015 at ______________________,
Philippines.

LESSOR                                                                       LESSEE

BY:                                                                               BY:

_____________________                                           ________
_____________

SIGNED IN THE PRESENCE OF:

_________________________         ________________________

Republic of the Philippines               )

City of _________________          ) S.S.

                Before me a Notary Public for and in the City of ____________, this _____ day
of ______________________, 2015 personally appeared the following:
                                                                                CTC/ID
No.                                             Date and Place of Issue
LESSOR                                                          ___________________                          __
____________________
LESSEE                                                           ___________________                         
______________________

known  to me to and to me known to be the same persons who executed the foregoing
Contract of Lease, who acknowledged to me that the same is their true and voluntary act
and deed.

                WITNESS MY HAND AND SEAL on the date and place first above written.

Doc. No. _____;

Page No. _____;
Book No. _____;
Series of _____.