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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease made and entered into by and between:

RODOLFO I. OLIQUINO, of legal age, with residence

and postal address at 212-A San Guillermo St., Putatan,
Muntinlupa City, (hereinafter referred to as the "LESSOR");

- and -

______________________________, of legal age, Filipino,

with postal address at
______________________________________________________
_____________________________________________________,
(hereinafter referred to as the "LESSEE");

WITNESSETH: that -

WHEREAS, the LESSOR is the owner of a condominium unit located at

______________________________________________________________________________
______________________________________________________________________, more
particularly described as follows:

(Technical Description of Condo Unit)

________________________________________________________________________
___________________________________________________________________________
_____________________________________________________________________________
______________________________________________________________________________
____________________________________________________________________________

WHEREAS, the LESSEE desires to occupy the above-named condominium unit and the
LESSOR is willing to lease the same unto the LESSEE, subject to the terms and conditions herein
below set forth.

NOW, THEREFORE, for and in consideration of the foregoing premises and the covenants
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hereinafter stipulated, the parties hereby agree as follows:

1. TERM: This LEASE shall be for a duration of _________ (____) year commencing from
_____________ and to end on _____________, renewable at the option of the LESSEE
upon written notice under such new terms and conditions as maybe agreed and approved
by both parties.

2. RENTAL: The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos:
__________________________ (P_____________), Philippine currency. Upon signing of
this Contract of Lease, the LESSEE shall pay the LESSOR __________ (_____) months'
rentals in advance to be applied on the last __________ (_____) months of the term of this
LEASE. The LESSEE shall also issued ________ (____) post-dated checks covering the
monthly rentals for the duration of this LEASE.

3. DEPOSIT: The LESSEE shall also pay the LESSOR the sum of __________ (_____)
months deposit of Pesos: _____________ (P___________), Philippine Currency, to
guarantee the payment of any damage to the leased premises, unpaid utilities and other
obligations to third parties by the LESSEE during the term of the agreement, which
deposit shall bear no interest. However, if the SECURITY DEPOSIT is not enough the
LESSOR has the RIGHT to institute SEPARATE ACTION in court for collection, even
if the LESSEE is already out of this agreement, Unless applied to said damages, unpaid
utilities and other obligations to third parties, said deposit shall be returned to the LESSEE
within _________ (_____) days after the termination of this agreement: Provided,
however, that the deposit cannot be applied to unpaid back rentals owed by the LESSEE
prior to the expiration of this agreement. Furthermore, if the LESSEE vacates the premises
before the expiration of the period of lease, the total amount of the deposit and advance
rentals shall be forfeited in favor of the LESSOR.

4. ASSOCIATION DUES: Association dues per month of Pesos: _________________

(P________________), Philippine Currency or as may be determined by the Association
from time to time, including interest or penalties that may be imposed for late payment,
shall be for the account of the LESSEE.

5. USE OF THE PREMISES: The premises shall be used exclusively for residential
purposes only of the LESSEE and the immediate members of (his/her) family and shall
not in any way be used for any illegal or unlawful activity or to keep materials, chemicals
and other matters considered as fire hazards or nuisance to the building.

6. IMPROVEMENTS: The LESSEE shall not make any alteration, structural changes or
improvement in the leased premises without the prior written consent of the LESSOR.
However, at the termination of the lease, the same not having been renewed by the parties,
the LESSEE shall restore the leased premises in its original state existing at the
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commencement of the agreement. Restoration of the LEASED PREMISES shall be for the
exclusive account of the LESSEE. Any improvement after the lease is terminated and after
the LESSEE shall have vacated the premises shall belong to the LESSOR.

7. FACILITIES: All charges for water, electricity, telephone, association dues and other
public utilities used in the leased premises as well as janitorial and security services or any
other charges as may be imposed by the building administrator of the condominium
building shall be for the account of the LESSEE. The LESSEE hereby guarantees the
prompt payment of any and all charges heretofore mentioned as they fall due. Any delay
in the payment thereof shall constitute a material breach of this agreement.

8. LIST OF APPLIANCES, ETC.: A list of appliances (must specify the brand, serial
number, size, model, etc), provided by the LESSOR to the LESSEE shall be prepared and
signed by both parties. In the event of any appliance loss inside the said unit will be for
the account of the LESSEE;

9. REPAIRS: The LESSEE shall, during the duration of the lease, make all minor repairs on
the leased premises to preserve the same in serviceable or tenantable conditions at the
LESSEE's expense except replacement of parts due to natural wear and tear. The LESSEE,
however, shall give advance written notice to the LESSOR of Ten (10) days prior to
undertaking any minor repair. All damages caused to the leased premises due to the fault,
misuse, carelessness, and/or negligence or on account of the use thereof by the LESSEE
and other occupants therein shall be made good and repaired by the repairs done. Should
the LESSEE fails to make the necessary and appropriate repairs within five (5) days from
demand, the LESSOR shall undertake the needed repairs and shall charge the costs thereof
to the LESSEE.

10. INSPECTION OF THE PREMISES: To ensure that the lease premises is being
maintained in good and tenantable conditions LESSEE should comply with the other
conditions/requirements of this agreement, the LESSOR or his authorized representative
is hereby given the right after due notice, to enter and inspect any part of the leased
premises during reasonable hours and as the occasion thereof might require.

11. ASSIGNMENT AND SUB-LEASE: The LESSEE hereby shall have no right to assign
or transfer its rights, interest and obligations under the lease contract or sub-lease contract
premises or any portion thereof to any person or entity without the prior written consent of
the LESSOR.
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12. LOSS: The LESSOR is not liable to any resident, guest or occupant for injury, damage,
or loss to person or property, from any cause including fire, damage, smoke, rain, flood,
water leaks, lightning, wind, explosions, interruption of utilities, pipe leaks, theft,
negligent or intentional acts of resident, occupants, guests, or criminal conduct of other
persons including theft, burglary, assault, vandalism or other crimes.

13. SALE OF LEASED PREMISES: The LESSEE recognizes the right of the LESSOR to
sell or otherwise convey ownership of the leased premises to any other interested party,
provided the LESSEE's rights under the lease are protected and respected.

14. HAZARDOUS AND PROHIBITED MATERIALS: The LESSEE shall not keep or
store in the lease premise any hazardous and obnoxious substance or inflammable material
or substance that might constitute a fire hazard or other chemicals and materials or use of
prohibitive drugs in violations of the laws of the Philippines.

15. RULES AND REGULATIONS: The LESSEE binds himself to comply with the existing
rules and regulations promulgated by the building administrator and/or association and
any other environmental or other laws, ordinances, rules and regulations applicable to the
leased premises.

16. VIOLATIONS: The LESSOR may, at these options, consider this agreement
automatically rescinded and canceled, without need of any court action, upon ten (10)
days notice given to the LESSEE based on any of the following grounds:

a. Failure of the LESSEE to pay two (2) months advance rental and/or other bills or
charges therefore mentioned as they fall due for any reason whatsoever within the
period to pay.

b. For any violation made by the LESSEE or its agents and representatives of any of
the terms and conditions stipulated in this contract.

c. In case the leased premises shall be vacated or abandoned for a period of thirty
(30) days without prior written notice to the LESSOR. Consequently, the LESSOR
is hereby permitted authorized by the LESSEE to enter the premises, either by
force or otherwise, without being liable to prosecution therefor.

17. TERMINATION: Upon termination of the contact of lease based on any of the foregoing
grounds and upon demand, the LESSEE shall immediately vacate and peacefully
surrender possession of the lease premises to the LESSOR or his duly authorize
representative.
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18. REMEDIES: In addition to the provisions of the preceding paragraph, the LESSEE
hereby acknowledges and recognizes the right of the LESSOR to avail or resort to any or
all of the following remedial measures without need of court action:

a. In case of failure of the LESSEE to pay or settle any due and unpaid obligations
(rentals, electricity, water, telephone, association dues etc.) as provided for under this
lease contract, the LESSEE hereby authorizes the LESSOR, who is hereby given the
right, to disconnect all facilities such as but not limited to disconnect all facilities such
as but not limited to electricity, telephone, water in the leased premises without need
of further notice to the LESSEE.

b. Likewise, until the aforesaid unpaid obligations are paid or settled, the LESSEE
hereby given the rights, to re-renter the lease premises, remove all persons therefrom,
take possession of any of all furniture, fixtures and equipment's found thereon or
therein and/or padlocked the door of the premises.

c. Moreover, by way of a security or to secure the payment of any of the unpaid

obligations of the LESSEE, the LESSEE consents and authorizes the LESSOR to
retain possession of any of all the furniture, fixtures and equipment's that may found
on the premises as belongings to the LESSEE until such time that all the unpaid
obligations of the LESSEE are paid or settled.

d. If after ten (10) days from the date the LESSOR shall have taken possession of the
aforesaid furniture, fixtures and equipment by way of security, the LESSEE still fails
to pay or settle its unpaid obligations to the LESSOR the LESSEE hereby consents
and authorizes the LESSOR to sell by way of public or private sale any or all the
furniture's fixtures equipment as may be sufficient to pay or settle the lessee's unpaid
obligations plus the accrued interests and attorney's fee equivalent to 25% of the total
amount due and unpaid. All expenses that may be incurred in the sale shall be for the
account of the LESSEE.

For purposes of selling the aforesaid properties, the LESSEE hereby irrevocably appoint
the LESSOR as its attorney-in-fact to sell and dispose of any or all of the aforesaid the
property of the LESSEE in a private or public sale at a price as may be determined to be
just and reasonable by the LESSOR and to apply the proceeds therefrom to any or all the
unpaid obligations of the LESSEE.

If the sale proceeds should proved to be inadequate to fully payer settle the unpaid
obligations of the LESSEE, the LESSEE shall remain liable to the LESSOR for any of the
deficiency.
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Should the proceeds of the sale of any of the aforesaid properties be sufficient to pay or
settle all of the lessee's unpaid obligations, the LESSEE may get back its other properties
not sold by the LESSOR. If after thirty(30) days from written notice of the LESSOR
directed to the last known address of the LESSEE, the LESSEE still fails to get back the
remaining properties, said properties shall then be deemed abandoned in favor of the
LESSOR.

The above enumerated remedies provided for the LESSOR shall not be exclusive, but
shall be cumulative and without prejudice to any court action that may be instituted by the
LESSOR for any causes of action that may arise under this contract of lease.

19. ATTORNEY'S FEE: In case the LESSOR resorts to judicial action base upon or in
connection with this lease contract, the LESSEE hereby agrees to pay attorney's fee
equivalent to _____________ (_______%) percent of the total amount involved pr
claimed by the LESSOR as against the LESSEE plus all court expenses and/or costs of
litigation.

20. VENUE: All court actions from this contact of lease shall be filed only in the proper
courts of __________________________, Philippines to exclusion of all other courts.

21. TIME OF ESSENSE: Time is the essence hereof any waiver by the LESSOR of a breach
of any term, covenant or condition herein contained, whether express or implied, shall not
constitute of a waiver of any subsequent breach thereof, or a breach of covenant to pay the
rent so accepted. No waiver by the LESSOR shall be deemed to have been made unless
expressed in writing and signed by the LESSOR.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this
_____________ at _____________, Philippines.

RODOLFO I. OLIQUINO ______________________

LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

__________________ __________________
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REPUBLIC OF THE PHILIPPINES)

CITY/MUNICIPALITY OF ______) SS.
x-----------------------------------------x

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the (Province/City/Municipality) of

_____________, personally appeared the following persons, with their respective Community
Tax Certificates as follows:

Name Competent Evidence of Identity

RODOLFO I. OLIQUINO __________________________
_______________________ __________________________

all personally known to me (or whom I have identified through competent evidence of identity) and
who represented to me that their respective signatures on the foregoing instrument were voluntarily
affixed by them for the purposes stated in the instrument and who declared that they have executed
the foregoing instrument as their free and voluntary act and deed.

This Instrument consists of only seven (7) page/s, including this page in which this
acknowledgment is written, duly signed by the parties and his instrumental witnesses on each and
every page hereof.

WITNESS MY HAND AND SEAL this _____________ at _____________, Philippines.

NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No.______;
Series of 2017.