CONTRACT OF SUBLEASE

KNOW ALL MEN BY THESE PRESENTS:

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

MA. THRESA A. GALLARDO, of legal age, Filipino, married and residing at No. 151,29 De Augusto St., San Juan, Metro-
Manila hereinafter called  the SUB-LESSOR;
- and -

LAURA K. MALLO,  likewise of  legal  age,  Filipino, and with residence  at  No. 24 14th St., Unit 6, Galleria Townhomes,
New Manila, Quezon City, hereinafter called the LESSEE;

WITNESSETH:

That, for and in consideration of the payment of the rent and the faithful compliance by the LESSEE of all the stipulation
and covenants hereinafter contained, the LESSOR has agreed to lease unto the LESSEE that portion of the premises specifically
located at the room 116 Ground Floor of Dona Anita Building, 284 E. Rodriquez Avenue, Quezon City, with an area of (48)
FORTY EIGHT SQUARE METERS.

That the parties herein agree, as they have agreed to adopt and be bounded by the following terms and condition to wit:

1. TERM. – This Term of this Lease shall be a period of ONE (1) YEAR beginning on June 15, 2005 and ending on June
16, 2006, provided that the LESSEE during the said period, is capable of meeting of the rental obligation and of complying
with all conditions provided for in this contract and of the conditions imposed by the National and Local Authorities.

2. RENTAL – The LESSEE shall pay for the LESSOR for the use and occupancy of the premises hereby leased as
monthly rent of TWELVE THOUSAND PESOS (P12,000.00) Philippine currency, (EVAT Included). The LESSEE has
expressly agree to draw and issue to the LESSOR nine (9) post dated checks each of which is due on the 1 st day of each
month covering the leased period of one (1) year of this contract. In case of extension or renewal of this Contract of Lease,
the same manner of payment of rental shall be strictly followed and without need of demand. Should for any reason
whatsoever, any of the post dated check is dishonored by the bank, the amount of the rent owing shall bear interest at the
prevailing bank rates per annum and penalty equivalent to twenty five percent (25%) per month of the amount due, computed
from the date of default until fully paid, without prejudice to the right of the LESSOR to terminate this contract and eject the
LESSEE hereinafter provided.

Upon executing of this contract but before the LESSEE enters into the use and enjoyment of the leased premises, the
LESSEE shall pay an amount equivalent to three (3) months advance rental or the amount of THIRTY THOUSAND
PESOS (P30,000.00) Philippines currency, the amount corresponding to one (1) month shall be applied as payment of rental
for the 1st month of the lease and the balance corresponding to two (2) months shall be applied as rental for the last two (2)
months of the contract of lease subject to escalation by the percentage of increase every year as provided in this item and to
be paid for by the LESSEE without need of demands and falls due.

3. DEPOSIT. – The LESSEE shall deposit with the LESSOR upon execution of this contract, an amount equal to rental for
three (3) months or the sum of THIRTY THOUSAND PESOS (P30,000.00) Philippines currency, payable without
necessity of demand and shall remain intact for the duration of this lease and shall not bear interest and that no charges shall
be made thereon except such amounts or obligation arising out of damages in the leases premises of which the LESSEE is
liable under this contract or any unpaid rentals and utility bills to the LESSOR by the LESSEE upon termination of this
contract; the remaining balance thereof after deducting the amounts payable to the LESSOR for LESSEE’S breach of his
obligations under this contract shall be returned to the LESSEE three (3) months after the termination of this contract and his
surrender of the premises to the LESSOR.

4. OWNERSHIP OF BUSINESS - The business to be conducted in the leases premises shall absolutely and exclusively
belong the LESSEE.

5. PURPOSE - The LESSEE shall use the premises exclusively for laundry/medical bookstore purposes in accordance
with the classification impose by the LESSOR and in no case shall the LESSEE divert the premises to other uses
without the prior written consent of the LESSOR. The LESSEE is strictly and absolutely prohibited from using the
premises herein leased for dwelling, sleeping, washing clothes or for residential purposes. It is expressly agreed that if at
any time during the term of this lease, the premises are used for other purposes without the previous written consent of
the LESSOR, the latter shall have the right to (a) rescind the contract; (b) increase the rent, or (c) compel the LESSEE to
stop the new activities without prejudice to its other rights under the law.

6. SUBLEASE AND/OR TRANSFER OF RIGHT – Without the prior written approved of the LESSOR, the
LESSEE is absolutely prohibited from selling, ceding, assigning or otherwise transferring its leaseholds rights over the
leased premises, or under any circumstances, mortgaging said leasehold rights or entering into any partnership with any
other person, or entity in connection with the occupancy thereof and/or the ownership of the goods therein. It is further
expressly agreed that if, at any time during the term of this lease, the LESSEE sublets, allows or permits the leases
premises to be occupied in whole or in a part by any other person, firm or corporation, the LESSOR shall have the right
to rescind this contract without prejudice to its other right under the law.

The personal character and capacity of the LESSEE and the nature of the occupancy of the leased premises as
above restricted are special consideration and inducements for the granting of this lease by the LESSOR, therefore the
LESSEE shall not permit or given consent to any other person or entity to advertise as if said person or entity uses or holds
office or is otherwise established at the premises leased or any part thereof, and only the name and nomenclature of the
LESSEE as written in the contract of lease shall be place in the Building Directory and advertised at the designated portion of
the leased premises.

7. INSCRIPTION OF SIGNS – The LESSEE may put up any signboard or other advertising medium on any part of the
interior of the building only upon written permission from the LESSOR and that the necessary city or municipal permits
or licenses have been duly complied with by the LESSEE. The LESSEE shall be solely responsible and liable for any
damage its signboards, billboards and its supports like facia to hold its billboards or any advertising medium it shall
install in the leased premises which may cause to life or limb or to property of its employees, personnel or to any and all
third persons such as but not limited to customers, employees, pedestrians and other third persons arising out of its
defective installation or condition on this responsibility and liability shall remain subsisting as long as the said
signboards, billboards or any advertising medium or similar installation are in the leased premises and not removed by
the LESSEE even after the expiration of this Contract of Lease.

8. UTILITIES – The LESSEE, shall pay for all utilities such as electric, water and telephone bills, if any is installed in
the leased premises, and for in this purpose, it shall provide the necessary metering devices and to enter into separate
contracts therefore with the proper city and/or private utility company, provided that any such installation shall be
undertaken by the representative of the LESSOR and the same is authorized by the City Authorities and provided further
that the LESSOR is furnished a copy of the lay-out of such installation.

At the termination of the contract for any reason whatsoever, the LESSEE shall present and submit to the LESSOR
a certification issued by the utility companies concerned that the LESSEE has no outstanding accounts with the said utility
companies.

9. CARE AND SANITATION – The LESSEE shall, all the times, maintain the leased premises and its surroundings in
the clean and sanitary condition, orderly, and neat and shall comply strictly with all sanitary ordinances, resolutions
rules and regulations now existing and/or which may hereinafter be adopted or promulgated or implemented by the
National or Local Authorities or the National Government or by the LESSOR.

10. REPAIRS AND ALTERATION - The LESSEE hereby expressly acknowledges that the leased premises are in
good and tenantable condition and agrees to keep the same in such good and tenantable condition. The LESSEE hereby
agrees and binds itself to undertake at its exclusive expenses all such repairs as may be required to maintain the leased
premises in good state of repair, any provision of law, present or future, or any stipulation in this agreement to the
contrary not with standing. It is expressly understood that any additional improvements that the LESSEE may want to
introduce before entering into the leased premises shall be made only through the LESSOR or its authorized contractor,
with cost of materials, fixtures, labor and architectural and contractor’s supervisory fees to be the paid by the LESSEE to
the LESSOR or its authorized contractor. It is further expressly understood that the LESSEE shall not start or proceed
with any repair work or in any case introduce new improvements or make any alterations in the leased premises after
entering the same without the prior approval of the LESSOR and without securing permits from the proper city
authorities. The LESSEE agrees that all permanent improvements or alterations or fixtures of any nature made thereon
before and after LESSEE enters the premises hereby leased shall, upon completion thereof, for the integral parts of the
leased premises and belong to and become the exclusive property of the LESSOR and the LESSEE shall have no right to
reimbursement for the cost or value thereof.

11. DAMAGES AND DESTRUCTION OF LEASED PREMISES – The LESSEE expressly binds itself to pay and
defray at its cost and expense any damage to the leased premises or the cost of repairs, thereof, caused by the negligence
or default of the LESSEE, his agents representatives, employees, servants, visitors and customers, if such damage would
be so extensive as to render the leased premises unusable, the LESSEE shall still be liable to pay the full rentals for the
entire period of the lease although LESSEE’s occupancy thereof may have been interrupted by damage attribute to
LESSEE as provided in this paragraph, aside from exclusively shouldering the cost of repairs or restoration of the leased
premises, without prejudice to whatever co-tenants may claim should they, likewise suffer damages on account of
incident mentioned herein.

12. ENTRY AND INSPECTION OF THE LEASED PREMISES – The LESSEE shall allow the LESSOR or its duly
authorized agents to enter and inspect the leased premises during regular business hours provided that such inspection
shall be conducted as to cause the least obstruction to the business operation of the LESSEE.

13. DISTURBANCE OF POSSESSION – Disturbance or discontinuance of the LESSEE for causes beyond control of
the LESSOR shall confer no right of any kind to the LESSEE as against the LESSOR. No compensation or claim shall
be allowed against to the LESSOR by reason of inconvenience, annoyance or injury to business arising out of necessity
of repairing any portion of the building.

14. INJURY OR DAMAGE – The LESSEE hereby assumes full responsibility for any injury, loss or damage caused,
suffered and sustained on his person or property or on the person or property of its agents or employees or any third
person in or about the leased premises, or while remaining either casually or on business in or about the premises hereby
leased to it. LESSEE further binds it self to hold the LESSOR absolutely harmless and free from claims for any such
injury or damage from whatsoever.

The LESSOR shall not be liable nor responsible for:

a.) the failure of water and or electric supply or

b.) any article delivered to or left with any of its employees, or
c.) any injury, loss or damages which the LESSEE, his agents, employees or visitor might sustain
on their property or belongings or on their person in and around the premises hereby leased
due to theft, robbery or other crimes and for any cause whatsoever, or
d.) any damage done or occasioned by or arising from plumbing, gas, water and or other pipes, or
 the explosion, leakages or destruction of ant tank, cistern, wash-stand, water closet, or for
damages cause by water coming through the roofs, skylight, trapdoors, or otherwise, leaks
coming from walls or bean connection or from any source or for any cause, nor from any
damages arising from acts or negligence of LESSEE or its agents, employees representatives
or all other third person.
e.) Vehicle parked in the parking lot or generator set, if they.

15. BUILDING REGULATIONS – The LESSEE expressly agrees to strictly comply with all the regulation which may
be issued by the LESSOR from time to time for the tenants of the building in general.

16. GOVERNMENT REGULATIONS – The LESSEE shall at its own expense and risks, comply with all laws,
ordinance, regulations and orders in any agency of the Government, National or Local, affecting or pertaining to the
leased premises and to any effects of articles which said LESSEE may have in its possession therein.

17. NOTICE TO LESSEE – Any provision of law to the contrary notwithstanding the posting in the leased premises of
a notices addressed to the LESSEE to vacate the premises shall constitute due and sufficient notice to the LESSEE as
well as compliance with the requirements of the law.

18. BREACH OF CONDITIONS – In case of breach of the LESSEE of any of the condition and covenants of this lease
as herein above started or should the LESSEE abandon or vacate said premises before the expiration of the period of the
lease, the LESSOR may immediately re-enter the leased premises and this lease shall thereupon be automatically
terminate. It s agreed that in order to enforce such termination, no demand or notice of any kind is necessary mere
breach or abandonment by the LESSEE being sufficient. For purposes of this provision failure on the part of the
LESSEE to enter or use the remises for a period of thirty ( 30 ) days concurrent with its failure to pay the corresponding
rental shall constitute abandonment. In case LESSEE abandons the property as above-mentioned or fails or refuses to
pay rental when due inspite of notice within ten ( 10 ) calendar days the LESSEE authorizes the LESSOR to padlock the
premises to protect the interest of the LESSEE and the LESSOR, and the LESSEE absolutely holds the LESSOR free
from any claims for damages that the LESSEE may suffer on account of padlocking he leased premises. In such event
the LESSEE shall continue to be liable for the rents corresponding to the unexpired period of the lease to any other
person or entity for such rental and upon such terms and conditions which it may deam fit. Should the sum thus realized
for the re-lease of the insufficient to cover the amount of the rents corresponding to the unexpired period of this lease,
the LESSEE shall immediately pay and satisfy the amount deficiency plus all damages to which the LESSOR may be
entitled.

19. COVENANTS AND CONDITIONS. The LESSEE agrees that all the covenants and agreements herein contained
shall be deemed conditions as well as covenants and that in case of its violation of any of the covenants and agreements
herein contained, the LESSOR at its option, may forthwith terminate and cancel this lease and the LESSEE shall be
liable for any and all damages as a result of such default and termination, that any violation on the part of the LESSEE
and/or its helpers of any of he provision of this contract and close the premises hereby leased and declared he same
vacant and advertise for occupancy.

20. FURNITURE, FURNISHING ETC. It is hereby understood that all furniture furnishings equipments and goods
placed or introduced by the LESSEE within the leased premises shall stand as security for the payment of rental and for
compliance by the LESSEE of all terms and conditions of this lease agreement to which end, he LESSOR shall have the
right to prevent the LESSEE who is delinquent in payment of rental or in complying with the terms and conditions of
this Contract of Lease from taking out such furniture’s furnishings equipment and goods from the leased premises unless
LESSEE settles all his obligation to the LESSOR under this Contract.

21. EXPIRATION OR CANCELLATION OR PRE-TERMINATION OF LEASE. Upon termination of the lease

for whatever reason the LESSEE agrees to return and surrender the LEASED PREMISES in as good as a condition as
reasonable wear and tear shall permit and without any delay whatsoever devoid of any furniture’s articles and effects of
any kind other than such alterations addition or improvements which the LESSEE may elect NOT TO TAKE and
remove or consist of permanent improvements on the leased premises the ownership of which inure to the benefit of the
LESSOR or without need for the refund of he cost thereof to the LESSEE.

In case the LESSEE shall pre-terminate this contract before its expiration date the LESSEE expressly authorizes
the LESSOR to forfeit its deposit and advance rentals without prejudice to the right of he LESSOR to demand damages
from the LESSEE arising out of the violation of this provision.

If the LEASED PREMISES are not surrendered at the expiration of this lease, the LESSEE shall be responsible
to the LESSOR for all damages which the latter may suffer by reason thereof and will indemnify the LESSOR against
any all claims made by any succeeding tenant against the LESSOR, resulting from the delay by the LESSOR in
delivering possession of the LEASED PREMISES to such succeeding tenant, insofar as such delay is occasioned by the
failure of the LESSEE to surrender the LEASED PREMISES on time.

22. RIGHT TO SELL AND/OR EXPROPRIATION – The LESSEE hereby expressly recognizes the right of the
LESSOR to sell the leased premises and in the event of sale, the LESSOR shall as much as possible, see to it that this
contract of lease shall be respected by the prospective vendee.

In the event the expropriation proceeding are instituted during the period of this lease by any instrumentality of
the Government or by any other entity with authority to exercises such power, either party may rescind this contract should
the leased premises become no longer useful for the purpose of this lease upon giving the other part thirty (30) days previous
written notice thereof. In case of such expropriation, the LESSEE hereby unconditionally relieves and releases the LESSOR
from any and all liabilities under this contract in connection with or arising out of such expropriation proceedings, but the
LESSEE shall pay to the LESSOR for the use of the leased premises up to the time the LESSEE has to vacate the leased
 premises on account of such expropriation. The LESSEE may have recourse to the expropriating entity of damages done or
caused to it or its properties.

23. CURRENCY INFLATION OR DEFLATION OR DAVALUATION – It is expressly agreed between the

LESSOR and the LESSEE that in case the Philippines peso is devalued, al payments to be made in amounts properly re-
adjustment and proportionately increased in accordance with or on the basis of the value of the peso as started in the
Consumers price index release by the National Statistics Office.

24. NON-WAIVER OF LESSOR’S RIGHT – Failure of the LESSOR to enforce strict performance by the LESSEE of
any terms, conditions, and covenants of this agreement shall not be construed as a waiver of any rights or remedy that
the LESSOR may have nor shall it be deemed as a waiver of any subsequent breach of terms, condition and covenants
contain herein. No waiver by the LESSOR of any of its rights hereunder shall be deemed to have been made, unless
expressed in writing and signed by the LESSOR.

25. JUDICIAL RELIEF AND PENALTY – That should the LESSOR file an action for the collection of unpaid
rentals and/or enforce this contract or to eject the LESSEE, the LESSEE expressly binds itself to pay to the LESSOR the
amount of PESOS: TWENTY THOUSAND (P20,000.00), Philippines Currency, as a liquidated damages and amount
equivalent to the twenty percent (20%) of the contract price, but in no case not less than PESOS: TWENTY
THOUSAND (20,000.00), Philippines Currency as and for attorney’s fees aside from appearance fees at a minimum of
ONE THOUSAND FIVE HUNDRED PESOS (P1,500.00) per appearance and the cost of suit and the venue of action
shall be in Quezon City.

It is hereby agreed between the LESSOR and LESSEE that this Contract of Lease be executed and signed by both
parties at the office of the LESSOR before the LESSEE can enter the leased premises. In case the contract is a renewal of an
existing lease, the same should be signed by the LESSEE at the office of the LESSOR immediately upon receipt of notice
otherwise, failure of the LESSEE to do so, the LESSOR has the option to cancel the renewal and eject the LESSEE.

DONE in ________________________, Philippines, this _____ day of ______________________, 2005.

MA. THRESA A. GALLARDO LAURA K. MALLO

Lessor Lessee

SIGNED IN THE PRESENCE OF:

1. _______________________________ (WITNESSES) 2. __________________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

___________________________)SS.

BEFORE  ME,  a Notary Public, for and  in  ______________________, Philippines, this _____ day of
_________________________, 2005, personally appeared,

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

MA. THRESA A. GALLARDO 15906901 January 10, 2005/San Juan, M. Mla

LAURA K. MALLO ______________ __________/____________

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  Sublease, located at room 116 Ground Floor of Doña Anita Building, 284 E.
Rodriquez Avenue, Quezon City; consisting of five (5) 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.

Doc. No._____
Page No._____
Book No._____
Series of 2005