|HAUSLAND DEVELOPMENT CORPORATION Real Estate Broker and Developer « Planning, Consultancy, and Development » Technical and Project Management OFFER SHEET ‘We highly appreciate your counteroffer to lease our property in Baloy, Olongapo City. Inline with this, allow us to make a counteroffer with the following terms: ronan Property located at Baloy Olongapo City, with an area of One Thousand Five Hundred (1,500) Square Meters, Comer Lot, more or less. LEASE TERM Twenty-Five (25) years RENT FREE ‘Six (6) months or earlier (start of commercial operations) from the turnover of the CONSTRUCTION | LESSOR and acceptance of the LESSEE, Free of rent. PERIOD TURNOVER DATE | On or before September 30, 2022 Condition/s ~ Prior to Actual and Physical Turnover of the leased premises by the LESSOR to the LESSEE, the latter shall accept in writing the Leased Premises only if LESSOR shall have met the following basic conditions 4, LESSOR shall physically turn over the Leased Premises to the LESSEE | not later than the Tumover Date. Backfill cost shall be shouldered by the LESSEE 2. Ajoint inspection shall be done to determine the boundaries of the leased premises. The LESSEE shall acknowledge the correctness of the agreed boundaries on or before the turnover date. Failure of the LESSEE to act on it shall be deemed a waiver and admission of the correctness of the boundaries of the leased premises. 3, LESSOR shall extend such assistance as the LESSEE may reasonably require to apply for and obtain all permits required to construct any and all improvements related to its operations and to allow the LESSEE to ‘operate its business on the Leased Premises (no fault and on best efforts basis). 4, The Leased Premises shall be classified and shall be authorized for use for commercial purposes. MONTHLY RENT | Fixed Rent of Three Hundred Thousand Pesos (Php 300,000.00), per month, exclusive of Value Added Tax (VAT) but subject to withholding taxes and escalation, ESCALATION “The Monthly Rent shail annually escalate by Five Percent (6%) starting on the 6th Year DOGUMENTARY | To be shouldered and processed by the LESSEE. STAMP TAX Upon the execution of the Contract of Lease, the LESSEE shall pay the ADVANCE RENTAL | LESSOR, Twelve (12) months’ of the Monthly Rent, equivalent to Three Million ‘Six Hundred Thousand Pesos (Php 3,600,000.00), exclusive of VAT but subject to withholding taxes, to be applied for the first Twelve (12) months of the Lease Term ‘The terms and conditions set forth represent the general terms of the Contract of Lease between the LESSOR and LESSEE (the “Parties’) which shall be binding upon execution thereof, although the Parties recognize that additional provisions to their lease will be stipulated in a formal Contract of Lease. Upon. BINDING EFFECT _ | signing of this Offer Sheet, the Leased Premises shall not be offered to any other party and the Parties shall continue discussions with the view of conferring Empowering lives through quality, affordable homes (fice Address: HLDC CORPORATE CENTER, 42-25 Don Bonifacio Ave, Pung Maragul, Angeles Cy 2000» mall: merketing@hausiand) "Tel No. (045) 899-2095 / (045) 625-7110 + Taafax No. (048) 322-2294 « Webslte: vw hausland com = REB # 90-013 (N)leasehold rights to the LESSEE and executing a formal Contract of Lease. This Offer Sheet shall only be superseded by the duly executed notarized Contract of Lease, which shall govern in case of any variance or inconsistencies between this Offer Sheet and the formal Contract of Lease. | If you find the foregoing acceptable, kindly affix your signature on the space provided below to signify your conto WILFREDO M. TAN Chairman of the Board and President HAUSLAND GROUP. LUKE T. TAN AVP. Real Estate, Property & Asset Management and ‘Strategic Development Planning GOLDEN ARCHES DEVT CORPORATION ACKNOWLEDGMENT REPUBLIC OF THE PHILIPPINES) 18.8, BEFORE ME, a Notary Public for and in this __ day of. 2022, the parties Personally appeared: Name Evidence of Identity Date/Piace Issued Golden Arches Development Corporation Represented by: Mr. Luke T. Tan Mr, Wilfredo M. Tan Hausland Group ‘and to me known to be the same persons who executed the foregoing Memorandum of Agreement and ‘acknowledged to me that the same is their free and voluntary act and deed and that of the corporation they represent. ‘This document consisting of pages including the page wherein this acknowledgment is written, has been signed by the parties, together with their instrumental witnesses on each and every page hereof. WITNESS MY HAND AND SEAL on the date and place herein above writen. NOTARY PUBLIC Doc No, Page No. Book No. Series of 2022