CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and executed by and between:

CORAZON A. RODRIGUEZ, of legal age, Filipino citizen , and a resident of Block 2, Lot33, Rasa
Subdivision, United Bayanihan, San Pedro, Laguna, hereinafter called  the LESSOR;

- and -

WILMA B. LOON, likewise of legal  age,  Filipino citizen, and with residence  at  No. 1521-4 Judea
Extension Multinational, Moonwalk, Parañaque City, Metro-Manila, doing business under the name and
style of YELLOW ROSE CATERING, with Certificate of Resgistration of Business Name No. 02073489
, hereinafter called the LESSEE;

WITNESSETH:

WHEREAS, the LESSOR is the owner of a bungalow located at No. 1521-4 Judea Extension
Multinational, Moonwalk, Parañaque City, Metro-Manila, which fact the Lessee admits as true and
undisputable;

That the Lessor has agreed unto the Lessee the aforesaid unit and the lessee has accepted the same in
good and tenantable condition from the Lessor to occupy by way of lease, at a monthly rental and on such
terms and conditions as hereinafter set forth;

1. TERM. – That the term of this lease shall be for ONE YEAR (1) YEAR, commencing on
January 1, 2008 to January 1, 2009, and which shall term shall be renewable at the option of the
parties;

2. RENT. – That the monthly rental for the leased premises shall be in the sum of THREE
THOUSAND SIX HUNDRED PESOS (P 3,600.00) Philippines Currency, payable by the
Lessee unto the Lessor by the end of the month. Incase of renewal the rental shall be increased at
the rate of ten percent (10%).

3. SECURITY DEPOSIT. – The Lessee shall pay to the Lessor the total sum of SEVEN
THOUSAND TWO HUNDRED PESOS (P 7,200.00), representing one month of deposit and one
month advance. The deposit shall be held by the Lessor shall answer for any unpaid bills, charges,
damages and other costs which are outstandin at the expiration of the lease. In no case may the deposit
be used as rental without the consent of the Lessor, but the same, or its remainder shall be refundable
to the Lessee one(1) month after the full vacancy of the leased premises

4. UTILITIES - That the Lessee shall pay all charges on  the consumption of  electricity,  water,
telephone  and  all  other services  available within the leased premises, and shall  submit to the Lessor all
receipts or proofs of payment whenever required by  the latter. Real property taxes shall be for
the account  of the Lessor.

5.  USE  OF THE PREMISES - That the Lessee  shall  use  the leased premises exclusively as a
residential dwelling for their respective families, and commercial purposes, and not for any other purpose
which is  unlawful, detrimental  to the neighborhood, or expressly prohibited by  the Lessor in writing.

That the Lesee shall make use of electric or LPG-powered stoves or implements for cooking

That the Lessee shall not make or cause to be made any  loud noise  or  disturbance within the leased
premises  and  immediate surroundings,  or  keep  any flammable  or  obnoxious substances within the
leased premises, or such that will create or  increase the fire hazard thereof, and shall keep the same clean,
sanitary and wholesome.

6.  ALTERATIONS OR IMPROVEMENTS - That the Lessee shall  not make  any  alterations  or
improvements of any  kind  within  the leased premises, or alter its immediate surroundings without  the
written  consent  of the Lessor. In case any such alteration  or improvement is allowed, the same shall
become part of the  leased premises and  property  of the  Lessor  upon their  completion, without
entitling the Lessee to any reimbursement whatsoever. All such improvements or alterations including
any minor repairs  or servicing within the leased premises shall be for the account  of the Lessee.

That the LESSOR improve and some alteration of the portion of aforesaid residential house and the
LESSEE not against the alteration of the aforesaid house.

7. SUBLEASE  AND ASSIGNMENT OF LEASE - That the  Lessee  is strictly prohibited from
subleasing or assigning his rights under his  contract in favor of any third person without  the  written
consent  of  the  Lessor.  Any transfer  or  assignment  made  in violation hereof shall be void.

8. INSPECTION - That the Lessor or her representative  shall have  the  right to view or inspect the
leased  premises  during convenient  hours  of  the day, and the Lessee  shall  allow  the Lessor  or her
representative such access to the premises as  the latter may deem necessary.

9.  LIABILITY FOR INJURIES/DAMAGES - That the  Lessor  shall not be responsible for any
injury or damage caused on any  person or  property  within  the leased premises,  whether  of  man-made
causes  or  those caused by fortuitous events, acts of  God,  and other  unavoidable circumstances, and the
same shall be  for  the sole  account of the Lessee. The Lessee is likewise bound by  the acts and
omissions of her family, relatives, helpers, agents  and all  other  persons whom she permits to enter
within  the  leased
premises.

10.  TERMINATION,  VIOLATION, PENALTY, ETC.‚ -  That  in  the event  that the Lessee shall
fail to pay the required  rental  for a period of two (2) months at any  time during the term of the lease, or
otherwise commits  any breach  or violation of the terms of this contract,  the  Lessor, after due notice and
without incurring any liability  whatsoever, shall  be entitled, at his option, to immediately  repossess  the
leased  premises, or to padlock the same, and to gather  all  the movables  of the Lessee found therein and
to submit the same  for storage at the expense of the Lessee.

The Lessee shall likewise be subject to immediate  ejectment proceedings,  in  case repossession  of
the  property  be   not realized. Consequently, the Lessee shall be liable to the Lessee for the sum of
P15,000.00 as liquidated damages, in addition to any collectible sums, plus attorney's fees of twenty-five
percent (25%), and the costs of the suit.
That  upon expiration of the lease, not accompanied  by  any breach  of  this  contract, and unless there
has  been  a  prior renewal  thereof,  the Lessee shall  peacefully  and voluntarily surrender  possession  of
the leased  premises  to  the  Lessor, together  with the pertinent keys thereto, without the  necessity of
demand.

11.  WAIVER/EFFECT OF NON-ENFORCEMENT - That failure on  the part  of the Lessor to
insist upon compliance on the part of  the Lessee of any term or condition in this contract, shall not serve
as  a waiver of any such right or condition. No waiver shall be deemed  to  have  been  made by the
Lessor  unless  made   so  in writing, signed by her or her representative and duly notarized.
12. EXTENT OF EFFECTIVITY AND CONFIRMATION - That the parties herein have
constituted this to be their sole and entire contract of  lease,  and the same shall remain in full  force  and
effect unless  so  canceled,  superseded, modified or  altered,  in  the manner described in the preceding
paragraph, unto themselves, and unto their heirs, successors or assigns.

DONE in the ________________________ , Philippines, this _____ day of ____________, 20___.

CORAZON A. RODRIGUEZ
Lessor

-
WILMA B. LOON
Lessee

SIGNED IN THE PRESENCE OF:

1. _______________________________ (WITNESSES) 2. __________________________________

_______________________________ __________________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

)SS.

BEFORE  ME,  a Notary Public, for and  in  ________________________, this _____ day of
_________________________, 200_, personally appeared,

NAME COM.TAX CERT.NO. DATE/PLACE OF ISSUE

CORAZON A. RODRIGUEZ 21502216 12-17-07/San Juan City

WILMA B. LOON 06337909 9-17-07/Parañauqe City

known  to me and to me known to be the same persons who  executed the foregoing instrument and
acknowledged to me that the same  is their free and voluntary act and deed.

This  instrument  refers  to  a  Contract  of  Lease  of   a residential and commercial  unit located at
1521-4 Judea Extension Multinational, Moonwalk, Parañaque City, Metro-Manila; consisting of three (3)
pages including this page on which part of this acknowledgment is written, duly signed by  the parties and
their witnesses on each and every  page,  and sealed with my notarial seal.

WITNESS MY HAND AND SEAL.

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