CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease is made and executed this 29 th day of March 2022 in the City of
Dasmariñas, Cavite by and between:

ROMINA ACIBAR TOLENTINO, of legal age, Filipino citizen and

with residence and postal address at Batangas City, hereinafter referred
to as the FIRST PARTY.

-and-

RITCHEL D. RUEDA, of legal age, Filipino citizen and a resident of

Block 4, Lot 1, Corner Stone Executive Homes, Burol Main, City of
Dasmariñas, Cavite, hereinafter referred to as the LESSEE.

-WITHNESSETH-

WHEREAS, the LESSOR is the owner of the premises located at City of Dasmariñas, Cavite.

NOW, THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases unto the
LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises, subject to the
following:

1. RENT
The monthly rental of the foregoing premises shall be THREE THOUSAND PESOS
(₱3,000.00), Philippine Currency, payable every _____ of each month, specifically on the following
details/manner:

Monthly Rental Payment Due

₱3,000.00 Every ___ of each month

The monthly rental shall be paid directly to the LESSOR.

2. TERMS OF LEASE
Unless earlier terminated for reasons specified herein, the term of this Lease Contract shall be for
ONE (1) YEAR to start on _____________ and end at noontime on _____________ renewable upon
mutual agreement of the parties.

3. ADVANCE RENTAL
Upon signing of this Lease Agreement, the LESSEE shall remit to the LESSOR an amount
equivalent to ONE (1) month rent or the total sum of THREE THOUSAND PESOS (₱3,000.00) to be
applied as rental payment for the last month (__________) of this contract.

4. SECURITY DEPOSIT
Upon the signing of this Lease Agreement, the LESSEE shall remit to the LESSOR an amount
equivalent to TWO (2) month rent or SIX THOUSAND PESOS (₱6,000.00) to serve as security deposit
for any unpaid utility bills such as electricity, water, telephone, sanitation, sewerage and others, and to
answer for any damages which the Leased Properties may suffer as well as to cover any unpaid monthly
rent; interests or penalties. This amount is refundable to the LESSEE free of any interest thirty (30) days
after the termination of this Lease Agreement subject to deduction for whatever utility bills and monthly
rentals, interests, penalties that have remained unpaid and damages that may have been incurred,
provided, that the LESSEE shall still be liable for any and all bills, rentals, interests, penalties and
damages that may exceed this security deposit. The LESSEE shall not be allowed to offset or use its
security deposit as its monthly rental payment.

5. PURPOSE OF THE LEASE

The LESSEE shall use the Leased Properties strictly and exclusively as commercial use only. If
the Leased Properties are used for other purposes, the LESSOR has the choice to:

(i)Rescind the Lease Agreement; or

(ii)Increase the rent; or

 (iii)Compel the LESSEE to stop the new activities.

In no case shall the Leased Properties be used for immoral or illicit purposes and illegal acts or
purposes.

6. DEFAULT PAYMENT
In case of default by the LESSEE in the payment of the rent, such as when the LESSEE failed to
pay the monthly rental for two (2) consecutive months, the LESSOR at its option may terminate this
contract and eject the LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is
in default of payment for two (2) months and may forfeit whatever rental deposit or advances have been
given by the LESSEE.

7. SUB-LEASE
The LESSEE shall not directly or indirectly sublet, allow or permit the leased premises to be
occupied in whole or in part by any person, form or corporation, neither shall the LESSEE assign its
rights hereunder to any other person or entity and no right of interest thereto or therein shall be conferred
on or vested in anyone by the LESSEE without the LESSOR'S written approval.

8. PUBLIC UTILITIES
The LESSEE shall pay for its telephone, electric, cable TV, water, Internet, building dues and
other public services and utilities during the duration of the lease.

9. FORCE MAJEURE
If whole or any part of the leased premises shall be destroyed or damaged by fire, flood,
lightning, typhoon, earthquake, storm, riot or any other unforeseen disabling cause of acts of God, as to
render the leased premises during the term substantially unfit for use and occupation of the LESSEE, then
this lease contract may be terminated without compensation by the LESSOR or by the LESSEE by notice
in writing to the other.

10. LESSOR’S RIGHT OF ENTRY

The LESSOR or its authorized agent shall after giving due notice to the LESSEE shall have the
right to enter the premises in the presence of the LESSEE or its representative at any reasonable hour to
examine the same or make repairs therein or for the operation and maintenance of the building or to
exhibit the leased premises to prospective LESSEE, or for any other lawful purposes which it may deem
necessary.

11. EXPIRATION OF LEASE

At the expiration of the term of this lease or cancellation thereof, as herein provided, the LESSEE
will promptly deliver to the LESSOR the leased premises with all corresponding keys and in as good and
tenable condition as the same is now, ordinary wear and tear expected devoid of all occupants, movable
furniture, articles and effects of any kind. Non-compliance with the terms of this clause by the LESSEE
will give the LESSOR the right, at the latter's option, to refuse to accept the delivery of the premises and
compel the LESSEE to pay rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty
until the LESSEE shall have complied with the terms hereof. The same penalty shall be imposed in case
the LESSEE fails to leave the premises after the expiration of this Contract of Lease or termination for
any reason whatsoever.

12. JUDICIAL RELIEF

Should any one of the parties herein be compelled to seek judicial relief against the other, the
losing party shall pay an amount of One Hundred (100) % of the amount clamed in the complaint as
attorney's fees which shall in no case be less than P50,000.00 pesos in addition to other cost and damages
which the said party may be entitled to under the law.

IN WITNESS WHEREOF, both parties have hereunto signed this instrument this day of 29 th of
March 2022 in the City of Dasmariñas, Cavite.

Name and Contact Number of Signature

Lessor

Romina A. Tolentino
 Name and Contact Number of Signature
Lessee

Ritchel D. Rueda

SIGNED IN THE PRESENCE:

______________________ ______________________

Republic of the Philippines )

City of Dasmariñas ) SC

BEFORE ME, a Notary Public for and in City of Dasmariñas this 29 th day of March 2022 personally
appeared the following and exhibited to me their Competent Evidence of Identity herein specified:

Name Competent Evidence of Identity

Romina A. Tolentino ______________________________________

Ritchel D. Rueda ______________________________________

Known to me to be the same persons who executed the foregoing Contract of Lease consisting of three
(3) pages including this page on which this Acknowledgment is written, signed by the parties and their
instrumental witnesses and acknowledged to me that the same is their own free and voluntary act and
deed.

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

Doc. No. ______;

Page No. ______;
Book No.______;
Series of ______.