CONTRACT OF LEAS KNOW ALL MEN BY THESE PRESENTS. wy 25 2 This contract of Lease, made and entered this day of INQUELEN! EilKyPhilippines by and between, MANILA CENTRAL UNIVERSITY, a corporation daly organized and existing under and by virtue of the Laws of the Philippines, with principal office at Epifanio delos Santos Avenue, Caloocan City, represented by its President, DR. LUALHATI T GONZALEZ (hereinafter referred to as the “LESSOR") ~ and ~ PYLON REALTY & DEVELOPMENT CORP. a corporation duly organized and existing under and by virtue of the Laws of the Philippines, with principal offices at the ‘4 Buencamino St. DBP Village, LasPinas, Metro Manila, represented herein by MR. WILEREDO BAUTISTA its duly authorized representative (hereinafter referred to as the SEE") WITNESSETH: That yI A i ‘AS, LESSOR, is the absolute owner of a property consisting ofan area of AND THREE HUNDRED AND SIXTY FIVE SQUARE METERS, more or less, situated along Gen, Simon St. (the Property”) marked green in the lot plan hereto tached as Annex “B” covered by Transfer Certificate of Tittle No. 4322 issued by he Register by Deeds of City of Caloocan, a photo copy of which hereto attached ae Annex °C and wade an integral part hereof, NOW THEREFORE, for and in consideration af the foregoing premises and of the following stipulations and covenants, the parties hereunto have agreed as follows: LEASED PREMISES - The LESSOR hereby leases, lets and grants unto the by way of lease, a total area of ONE HUNDRED THIRTY SIX (136) SQUARE METERS, more or less, of the Building space (hereinafter referred to as the “Leased Premises”) and more particularly described and marked green in the sketched hereto and made an integral part hereof as Annex “D” and “E”. ‘The common areas ad other areas of the Lot referred to above shall be made available for lessees use and shall not be altered or modified by lessor without the consent of lessee, which consent shall not be unreasonably withheld or delayed. TERM (a) The tenn of this Contract of Lease shall be for a period of TEN (10) years. commencing on the first day of start of commercial operations of the LESSEE or after the expiration ot the FORTY FIVE (45) days rent free period whichever comes first, This lease is renewable for another FIVE (5) years at LESSEE’s option (by iy Ame during the term of this lease or within ninety (90) days after the expiration of the term of this lease, lessor shall desire to accept a bonatide offer received by it to lease the leased premise for a term commencing at or after the expiration ofterm of this lease or, if lessee has an option to extend or after the expiration of the option periods), lessor shall notity lessee of euch offer in the manner provided in this lease for siving of notice. In the event the lessee fails to notify lessor of its election within the thirty- (30) day period, lessor shall have the right to lease the leused premises 10 any jane terms and conditions contained in such notice of lease. Lessee’s ile (App (techy. — Glad — 5 Sfasfeo‘acceptance oF rejection of this offer shall have no effeot ou lessee’s option to purch option to extend, if any. 3. TURNOVER AND ACCEPTAN OF LEASED PREMISES Prior to actual and physical tumnover of the leased premises by the Lessor to the Lessee the latter shail accept in writing the Leased Premises trom LESSOR only if LESSOR has met the following basic conditions, (a) LESSOR shall physically tum over the Leased Premises to LESSEE tree from occupants and debris including the utility area which shall be rent free containing an area of ONE HUNDRED THIRTY SIX (136) SQUARE METERS per Antex “F° not later than i999 al. — Should the LESSEE exercise its option to terminate this Contract us provided herein LESSEE shall entitled to reimbursement of all payments made by the LESSEE in favor of the LESSOR (b) ‘The Leased Premises is clean, thee from occupants and ready to 1 introduce LESSEE’s desired improvements; (c) LESSEE is giving a period of FORTY FIVE (45) days rent-tree construction period irom date of acceptance of the LESSEE made in writing 4. RENT Effective on the date of the start of commercial operations of the LESSEE on the Leased Premises or aiter the expiration of the 45 day rent tree construction period, Whichever comes first, LESSEE shall pay LESSOR a rental of TWENTY THOUSAND. FOUR HUNDRED PESOS (P 20,400.00) per month, exclusive of value-added tax but exclusive of Withholding Tax. The schedule monthly rental per year is ltereto indicated as follows: Schedule of Monthly Rental Escalation Per Annum, Year| P 20.40.00 Your 2 21,624.00 Year 3 22,921.40 Year 24,296.72 Year $ 28,754.52 Year 6 27,299.79 Year 7 28,937.77 ‘Year 8 30,674.03 Year 9 32,514.47 —_\|> Year 10 34,465.33 — Fh. 20) <—— The LESSEE shall shoulder the corresponding Expanded Value Added ‘Tax due to the LESSOR, provided, a YAT-TIN registered Invoice and Official Receipt is issued to the LESSEE by the LESSOR for every payment made by the LESSEE in the Lease Contract. {n the event the LESSOR fails to issue the corresponding Official Receipt provided herein in the agreement by the LESSOR and the LESSEE that said VAT shall be passed on to the latter shall be considered automatically terminated and revoked thereby ail VAT tax payments henceforth shall be for the account of the LESSOR. Subsequently, in the event the parties wish to re-activate said initial VAT arrangement (ie, VAT for account of L E etc.) the same shall be done in writing between the LESSOR. and LESSEE. The mouthly rental shall be paid by the LESSEE at the officeli every month without the necessity of demand and without delay. Unpaid rentals shall be levied a three percent (3%) monthly interest until filly paid. No payment shall be effective address of the LESSOR as d herein on or before the tenth (10th) day of each and iawainist the LESSOR unk swentative, s officially receipted by the LESSOR or his authorized rep 5. SECURITY DEPOSIT Upon turnover of the Leased Premises, the LESSEE shall pay the LESSOR a security deposit in the amount of PESOS: SIXTY ONE THOUSAND TWO HUNDRED (P 61,200.00), which shall be non-interest bearing as guarantee for the faithfil compliance by LESSEE of ail covenants and conditions of this Contract. Said security deposit cannot be applied by LESSEE to any unpaid rent and shall be kept intact throughout the lite of this “ontract. it shall be returned to LESSEE only upon the expiration of this Lease Contract after LESSEE shali have completely and satisfactorily vacated and redelivered and the Leased Premises to LESSOR, less whatever amounts LESSEE may owe the LESSOR at the time of said termination or expiration. PROVIDED, that if the LESSEE. should terminate this Lease Contract before the expiration thereof, for whatever cause or reason, then said seerity deposit or any balance thereof shall be automatically forfeited by LESSEE in favor of LESSOR. The parties herein agree that time is of the essence of this Contract and the period for payment of rent as well as the period of this Contract, has been fixed for the benefit of both the LESSOR and the LESSEE. 6 REPRESENTATIONS OF WARRANTIES As principal considorati Lease, LESS that #, which induced LESSEE (o enter into this Contract of OK has represented and warranted, as it represents and warrants to LESSEE (a) LESSOR has the legal power and authority to lease the Leased Premises to LESSEE and (o execute this Contract of Lease, and when executed, this Contract of Lease shall be legal, valid and binding, and constitute LESSOR’s legal, valid and binding obligation enforceable in avcordance with its terms and conditions (b) — LESSEE’s right to the peacetil and uninterrupted possession, use and enjoyment of the Leased Premises under this Contract of Lease and shall not be disturbed or impaired whatsoever; (c) The Property and/or Building and/or the Leased Premises are free and clear of any liens and/or encumbrances of whatever nature are not subject of and/or involved in any suit before the courts or administrative bodies; session of the Leased 1) In the event the peacetil and uninterrupted Premises is disturbed and/or impaired of whatever nature, LESSOR hereby warrants to reimburse LESSEE all expenses it has incurred in the construction of a McDonald's Feslaurant, including operating expenses incurred, loss of income and legal costs (2) The applicable Government body's approved use for the Leased Premises is for commercial purposes ® Less }OR shall defend its tithe over the Property and/or Building and/or the Leased Premises agaist the claim of third parties whomsoever and to save tree and harmless LE fiom any and all damages that LESSEE may incur, suffer or should be held liable for arising fiom any such third-party claim or claims; (8) LESSOR shall tumnover the Leased Premises clear ofuility bills, or arrears iPany, such as electricity, water, and telephone consumption including real estate taxes on land aud improvemenis. In the event Lessor is unable to settle all utility bills and real Property taxes in arrears, the Lessee may advance payment provided said cost and expenseS ) So ne és stall be autouiatically charged io the Lessor and deducted from the initial monthly routals luntil the same is tilly paid and accounted for (h) If, at any time, the LESSOR title or Tight to receive rent under this lease is disputed, there is a change of ownership of LESSOR’s property by act of the parties or operation of law, LESSEE may withhold rent and any compensation therewfler accruing tut lessee is furnished proof of satisfactory to it as the party entitled to the rent. It shall be the sole discretion of the lessee as to the determination of what constitutes “satisfactory proof? such as but not limited to: final and executory court judgment, cout order extrajudicial partitioning or any lawfil order or docunent similar thereto for the purpose of determining and resolving the ownership issue. Pending the determination of the ies as to the proper party to received rent the lessee may hold said rental payment and all ‘monies in escrow in a bank or subject the same to consign option ion before a court at lessee's 7. PERMITS AND LICENSES. (a) Lessee shall obtain, af its own expense, permits and licenses required by the City and/or National Government for the construction of the LESSEE’s desired improvements and the operation of its business (©) LESSEE has entered into this lease in the expectation of obtaining all emits vartances, special use permits, permissions or other authorizations (collectively called permits) necessary trom the National government, its agencies, instrumentality's and local government units necessary for the construction and operations within the leased pretises of lessees business facility, built according to lessees plans and specification (ce) Wthe government agency whose approval is required for lessee to obtain the necessary Permits requires a modification in lessees plans and specifications prior to ‘ts granting the approval of the lessee’s plans and specifications, and lessee, in its sole opinion, deems the modification to be impractical, unfeasible ot too costly, the permits required to be obtained by lessee according to the terms of this provisions shall be deemed not to be received by lessee, and lessee may terminate this lease as provided. (a) building, a its own expense, the occupaney permit for the {c) In case of failure of LESSOR to provide LESSEE a copy of the occupancy Permit to the LESSEE as stated in the preceding paragraph, Lessee reserves the right to bre-terminate the contract and recover all deposits as provided under section ? (a) of the contract (©) LESSEE shall comply with any and all supplemental rules and regulations set down by LESSOR and those which may hereafter be promulgated fiom time to tise by R. and all the laws, ordinaices, rules and regulations promulgated by the dully wed aulhorities of the National, and/or City Government regarding the use occupancy, security and sanitation of the Leased Premises: PROVIDED, that all works of. temporary character which may be ordained by the National, and/or City authorities to be placed or done on the Leased Premises shall be for the account and expense of LESSEE. 8 UTILITIES {a) The LESSEE shall provide for its own use a water line, sanitary sewer line and electric current through public utility companies, {b) ithe utility lines and facilities are inadequate and/or utili jeased premises are inadequate for LESSEE’s need: Increase the utility service to the leased premises. LE’ rvicing the the LESSEE shall fave the right to E shall have the right, at any timePage $ of 10 e during ihe term of the Lease, to request from the utility company an increuse in service to the leased premises ©) 1 wll apply with pay local utility companies for separate electt and water supply for the Leased Premises (@) To pay when due all charges for water electricity used on the leased premises from the date of possession and until expiratiow/termination of the lease term (©) The lessee shall provide to the lessor building (mechanical, electrical, HVAC, plumbing, ote.) and architectural plans and specifications (ogether with any other plans originally submitted to zoverumental agencies for the permits required to complete the building of which the leased premises forms a part, including the final site and survey. iD _LESSEE shall construct and use an auxiliary septic tank near the Building septic tank or any suitable location at its own expense (s}__ Inall the above instances, the LESSEE may cancel this Contract of Lease if iis unable, due to building space and structural limitations, to introduce all improvements, facilities, equipments and ulililies necessary to effi n lessees business, and/or if unable. without fault on its part, to construct LESSEE’s desired improvements in the Leased Premises and equipment areas and/or to operate its business and/or to extract an ‘adequate amount of potable water trom the Leased Premises based on the lessees business standards and level of efficiency. The lessee prior to cancellation shall furnish the lessor a thirty (30) day written notice the lapse of which said contract of lease shall be considered ipso facto canceled and terminated. in the event of a cancellation, the LESSOR shall return to LESSEE all monies and security deposit paid by LESSEE to LESSOR. 9. SUBLEASE & TRANSFER OF RIGHTS LESSEE shall have the right to assign, sublet or transfer its right under this Contract of Lease for ay lawiul purpose to Pylon Realty & Development Corp. or any of its licensees, affiliates provided that the terms and conditions of this Lease shall be respected 10, PRETERMINATION OF LEASE LESSEE shall have the right fo terminate this Lease Contract before the expiration, oF any extension thereof for whatever cause or reason. Upon pre-termination all monies received by Lessor with the exception of applied rental payments shall be returned to the Lessee. 11. IMPROVEMENTS. ALTERATIONS, INSTALLATION OF SIGNAGES, ADDITIONS & USE OF PREMISES- (a) The Leases Premises shall be used by LESSEE for any lawl purpose +E shall have the right without obligation to pay LESSOR additional rent, to install or display on the Leased Premises and/or any part of the Building facade and/or caves of the cantiliver/overiiang outside the Leased Premises along _ . street such signs and advertising materinis (c.x., facia, pylon, wall, flag ete.) which LDSSEE way desire and/or deem necessary in the conduct of its business, more purticularly described in the plans attached hereto as Annex “G”, provided that they are in compliance with ail goverumental rules and regulations. Provided also that prior consent of LESSOR shail be sought before such signages and advertising materials are installed, {b) LESSEE shall have the right to make any alterations, additions and chances on the designs, plans, and drawings before and during the construction phase of the building. Upon completion of the construction of the building the LESSEE reserves the ‘ight to make additions, improvements, alterations and installations to the building/Leased Premives as it may find suitable based on the operation and the mature of LESSEE’: business.Page 6 of 10 (©) Upon expiration or termination of this Contract of Lease, LESSEE may Teimove such detachable umprovements, additions, and installations and other movable additions and improvenients, provided that no substantial damage is caused to the Building and/or the Leased Premises m the process of removal 12. CARE OF LEASED PREMISES (a) LESSER hereby receives and accepts physical possession of the Leased Promises in good, clean, sanitay aud teuaitable condition, ordinary wear and tear excepted and bind himself to keep and to take care of the Leased Premises with the diligence of a good father of the family, keeping and maintaining the same in good, clean, sanitary and tenantable condition. (b) LESSEE hereby agrees further, that any damage to the Leased Premises or its appurtenances caused by said LESSEE or his agents employees, customers, guests or any otter persons without the fault of LESSOR shall be LESSEE’s sole responsibility and liability, which damage shall be repaired promptly at its expense within fifleen (15) days, otherwise LESSOR may cause said repairs to be made at the expense and for the account of LESSEE, (c) LESSEE must notify LESSOR within the shortest possible time of any day to the Leased Premises or its appurtenances, as well as any occupation, usurpation or Uunioward act which any third persons may have commuted or may be committing or threatening to do upon the Leased Premises. (@) LESSER shall have the right to make such repairs for the preservation, nprovement, anWor ornamentation of the building in which the Leased Promises are located as it may deem necessary: PROVIDED, the LESSOR shall not be liable for any inconvenience, annoyance, or injury t0 LESSEE and/or his business including customers, ‘agent, employees, guest or any other person, resulting or any such work under the foregoing provision (©) LESSEE shall at his own expense maintain the leased area in good order (0) LESSEE shall, at its expense, maintain the Leased Prem samtary condition and free trom all obnoxious or unpleasant odors noises or other nuisances sina clean and unnecessary loud 13. INPECTION OF PREMISE The LESSOR or it es shall, by previous advise or arrangement with the LESSEE kave the right fo enter the leased premises, at any time of the day examine the premises tor any purpose which it may deem necessary during the tern of the lease, or to exhibit the leased premises to prospective lessees/tenants, thorized agents or represent M4. Rl EPAIR & MAINTENANCE (a) Ordinary repairs as well as extraordinary repairs caused by the fault or egligence of LESSEE in or upon the Leased Promises and/or the equipment areas shall be for the account of LESSEE {b) In the event that immediate repairs of areas/structures under the LESSOR’s Tesponsibilities are required and are affecting LESSEE’s operations in the Leased Premises, LESSEE shall notify LESSOR in writing and if LESSOR does not act on written holies within five (5) days from receipt of such written nolice, LESSEE shall be allowed (o enter and repair subject area or structure aud charge the cost of stich repairs against the rental payable to LESSOR. For this purpose, LESSOR hereby appoints the LESSEE. ag Atomey-in-fact to all local government agencies, unit, instrumentalities and local government units Yor the purpose of obtaining all permits, licenses and documents necessary for the immediate repair of the premises. The LESSEE. shall fiwnish theLESSOR a sumumury on all cost, expense, aud disbursements inewred by the LESSEE on all repairs. For purposes of this provision, the definition of “immediate repairs” shall constitute but shall not he limited to structural foundation of the building/leased premises, mechanical, plunbit trical, sewage & septic tank, roofing and waterproofing on sll ‘areas of the building, drainage and auy and all areas which may affect the operations in the leased premises 1S. PROHIBITIONS AGAINST INFLAMMABLE MATERIALS, Except for cooking materials, supplies and equipment which are inherent or necessary 10, or pait of the operations of, LESSEE’s business, LESSEE shall not bring into or store in the Leased Premises anything of commercial volume or quantity of highly inflammable explosives, chemicals or materials, or install therein any apparatus, machine oF equipment which may cause obnoxious odors, tremors, or noise, or expose wed Promises (o fire or increase the fire hazards of the Building, 16 THIRD PART SALEVMORTAGE OR OF PROPERTY/BUILDING TO. (a) Any sale by the LESSOR of the property and/or the building during the term of this Contract of Lease shall be with prior notice and approval of the LESSEE and must be subject to the terms and conditions hereot (by Af the LESSOR sells, transfers or cotveys its ownership over the Leased Premises, the LESSOR hereby warrants that they shall disclose this Contract of Lease and will require as a condition for such sale, transfer or conveyance thatthe buyer shall respect this Contract of lease (©) Likewise any mortgage, lien or encumbrance by the LESSOR of the property and/or the building during the term of this Contract of lease shall be with prior notice the LESSEE and must be subject to the terms and conditions hereof That the mortgage, trust deed, or other instrument creating such encumbrance shall contain an apt provision under the terms of which the existence of this lease shall be recognized, and shall provide that 0 long as the lessee, its successors und assigns, shall Keop and perform the terms, covenants, and conditions in this lease contained on its part to be kept and performed, neither the holder of the indebtedness, nor any other person, shall in attempting to enforce collection of such indebtedness or to realize upon such security have any power to impair, modify, abrogate or adversely aflect the rights of lessee, ils successors and assigns, under this lease, to the full enjoyment of the entire term, Lessee. while not in default uider this lease shail, notwithstanding the creation of or default under aay such encumbrance or indebtedness secured by the leased premises, peacetilly and quietly have, hold and enjoy the leased premises for the entire terms and any extension, and all othier rights, privileges and benefits to which it may be entitled under and pursuant to the terms of the lease. 17, EXPROPRIATION AND CONDEMNATION {a) [the whole of the Leased Premises, or such portion thereof as will make the Leased Premises unsuitable for the purposes: Leased, is expropriated or condeumed for ‘any public use or purpose by the Goverument or any of its instrumentalities or political bdivisions or any public service company, then in either of such event this Contract of {Lease shall cease from the time when possession is taken by such condemning authority and ental shall be accounted for between LESSOR. and LESSEE as of the date of the surrender of possession (b) Such termination shall be without prejudice to the rights of either LESSOR oF LESSEE to recover compensation from the condemning authority for nny loss or damage caused by such expropriation or condeuming authorityPage 8 of 10 (©) In the event only a portion of the Leased premises is expropriated or voudemmed, LESSEE shall have the option within the period of 30 days from date of expropriation or condemnation to terminate this Contract of Lease or to continue with the same under reduced rentals in proportion (6 the area remaining or portion of the Leased Promises. In the event of cancellation and termination of said contract all monies received by Lessor with the exception of applied rental payiteuts shall be returned to Lessee. 18 DAMAGE OR DESTRUCTE ‘TO LEASED PREM! SES (a) Ifthe building of which the leased premises from a part shall be damaged ‘or destroyed by fire or any other cause without fault on the part of the lessee, lessor shall, within thirty (30) days from written notice by lessee to lessor of said event shall commence {0 repair or replace the building/leased premises so that lessee may continue its occupancy and the work shall be completed within a period of ninety (90) days from notification of said event. (b) If the lessor has not commenced construction within the period provided in or has not notified lessee that lessor cannot commence construction with the prescribed period or to complete fill repairs, restoration on the building/leased premis; Within the period prescribed herein then lessee may, at anytime thereafter. and without further notice to lessor, commence to repair, restore and rebuild/leased premises or lessee ‘may terminate the lease, In addition, if lessee makes such repairs, rebuilds and restores the building/leased premises, the lessor shall be liable to see for a y and all such cost and expenses and shall reimburse said lessee within thirty (30) days upon submission of lessee of a written statoment covering said cost and expense. ‘The lessee reserves the right to ‘ubwit and demand partial reimbursemenvbilling during the duration of the repairs and restoration of the building/leased premises, ifthe lessor fails to reimburse lessee within (30) days after receipt of lessees written statement, lessee shall have the right (0 said deduct sitid amount to all rent and charges due to the lessor without prejudice to other rights of lessee provided herein aud under the Law. hea tn both the above instances under (a) and (b), however, thal the rent and other charges required to be paid by the lessee to the lessor under this lease shall abate during any such period until and when said leased premises have been tully repaired, rebuilt and Festored and ready for occupancy and the term of this Contract shall be extended for a period equal to the time it takes t0 complete restoration and repair of said buildina/leased premises (c) LESSOR may noi exercise any right it may to terminate this Lease as a result of any damage to the Building of which the Leased Premises forms part 19. TERMINATION OF THE LEASE LESSEE agrees to return and surrender the Leased Premises at the expiration of the term of this Lease in as good condition as reasonable wear and tear will permit and without delay whatsoever, devoid of all occupants, firniture, machinery, equipment and articles and effects of any kind, other than such alterations. additio improvements which cannot be removed without damaging the Leased premises 24. MISCELLANEOUS PROVISIONS (a) REAL ESTATE, TAXES, of this Contract, the LESSOR shall pay the r ES AND CHARGES: For the entire duration I estate taxes and other assessments on the ied Premises subject hereof due to the National Goverment, its subdivisions, agene ‘nd instrumentalities. ‘The LESSEE, on the other hand, shall pay the real estate taxes on the lnprovements introduced thereto during the term: of this Contract of lease. Any taxes, fees or charges whether national/local which may be imposed by virtue and as a result of the Contract of Lease shall be for the account of both the LESSOR and LESSEE in equal proportion.Page 9 of 10 (bj) ANNOTATION i! shall allow the LESSEE, at LES xpense, (0 annotate this Contract of Lease on ‘Vranster (c) LOSS BY THEFT, ROBBERY AND OTHER CRIMES - LE shall provide for LESSEE’s own security service for the Leased Premises, LESSOR shall not be held liable suffered by LESSEE in the Leased Premises by reason of theft, robbery and other crimes, (4) NON-WAIVER - The failure of the parties to insist upon a. strict performance of any of the terms, conditions and covenants hereof shail not be deemed a Felinquishment or waiver of any rights of remedy that said remedy may have nor shall it be construed as a waiver of any subsequent breach or default of the terms, conditions, covenants which shall continue to be in fill force or effects. No waiver by the parties of any of their rights under this Contract of Lease shall be deemed to have been made unless expressed in writing and signed by both of them, (e) BINDING EFFECTS - This Contract of Lease shall be binding not only between the parties thereto but also upon their respective successors and assigns. wy NOTICES - For all intents and purposes, notices, correspondence and processes shall be directed to the parties as follows: To the LESSOR, at: MANILA CENTRAL UNIVERSITY EDSA, Caloocan City Po the Li PYLON REALTY & DEVLOPMENT CORP. #4 Buencamino St. DBP Village Las Pil (s) PENAL PROVISION - The parties agree that all the covenants and agreements herein contained shall be deemed conditions as well as covenants and that if default or breach be made of any such covenants and conditions, then this Lease may be terminated and canceled and the guilty party shall be liable for any and all damage actual and consequential, resulting fiom such default and termination: PROVIDED, however, that no default shall be declared under this Lease unless LESSEE or LESSOR hias been given thirty (30) days after written notice to cure such defimlt. In the event, a non-rental defanit ‘occurs which caniot be cured within thirty (30) days after written notice, no default shall be declared if LESSEE has commenced its cure and is proceeding diligently {h) ADDENDA AND EXHIBITS This lease includes the following Exhibits, which shall take precedence over conilicting provisions of this Lease, and are made an integral part of this Lease andl fully incorporated by reterence Exhibit A - Location and measurement of area (VENUE - All actions under this Contract of Lease shall be instituted at the proper court of Makati to the exclusion of all others, MAY 23 2000 IN WITNESS WHEREOP, the parties hereto have signed this of ~ Philippines on this _day of. 1998Page 10 0f 10 PYLON REALTY & DEVELOPMENT MANILA CENTRAL UNIVERSITY CORP Lessee Lessor Cake By Slike auitista Dr. Lavalhiati 1 President Gonzalez By: Cdl wil REPUBLIC OF THE PHILIPPINES) QUEZON CITY ISS. BEFORE ME, a Notary Public for and in: Ques, stem this___day of ____, 2000, the parties personally appeared. Nane Res. Cert. No. Date/Place Issued Manila Contral University COON IF /10 av00[ ecxcasan eu Lualhati T. Gonzalez OWAI69F Fu-2000 | earoocen wy Willie Bautista (ee 3i542- Wpusece Cas Pres And to me known to be the same persons who executed the foregoing Contract of Lease and acknowledged tp me that the same is their free and voluntary act and deed ot the corporation they represent ‘This document consisting of TEN (L0) pages including this acknowledgement has been signed by the parties together with their instrumental witnesses on each and every age hereot WIINES MY HAND AND SEAL on the date and place herein above written, RMENTO ic Until Defember 31, 2001 PTR No. 1132387 Iestiucs at Quezon City on 1-12-2900 Doc. No. (9 7/ Page No. 7G. BookNo.PYLON REALTY a Monumento Manila Central University DSA MonamentoCanean City 4 ‘e No6410-1 078 MG August 06, 2015 STATEMENT OF ACCOUNTS Unpaid Account P 38,601.17 Less: Payment OR # 28136 / 7-24-2015 38,601.17 Rental August 2015 Add: 12% VAT DUE & PAYABLE Prepared by: Sdovabtan Mscfennifer S, Carceltar Finance Coordinator cc: VP for Admin. Affairs P P 34,465.33 4,135.84 Vich President for\FinanceManila Central University EDSA Monumento Caloocan City Tel. No.364 10-71 (0 78, May 04, 2013 PYLON REALTY Edsa Monumento STATEMENT OF ACCOUNTS Unpaid Account P 38,601.17 Less : OR # 981334 / 4-10-13 38,601.17 e Rental May 2013 P234456.o3 Cer Add: 12% VAT 4,135.84 DUE & PAYABLE P_ 38,601.17 Prepared by: Noted Amatlan 54-8 cs Mr. Johann Rosales Ms. Jenifer 8. Carcellar Chief Accountant Secretary to the Finance Director cc: Assistant VP for Admin. Affairs