HAUSLAND DEVELOPMENT CORPORATIO: Real Estate Broker and Developer « Planning, Consultancy, and Development Technical and Project Management OFFER SHEET We highly appreciate your offer to lease our property in Fiesta Communities, Castillejos, Zambales. In line ‘with this, allow us to make @ counteroffer with the following terms: LOT AREA Property located at Fiesta Communities, Castillejos, Zambales, with an area of ‘Two Thousand One Hundred Thirteen (2,113) Square Meters, Comer Lot, more or less. LEASE TERM Twenty-Five (25) years RENT FREE CONSTRUCTION PERIOD Twelve (12) months from the tumover of the LESSOR and acceptance of the LESSEE, Free of rent. TURNOVER DATE ‘On or before October 31, 2022 Condition/s — Prior to Actual and Physical Turnover of the leased premises by the LESSOR to the LESSEE, the latter shalll accept in writing the Leased Premises only if LESSOR shall have met the following basic conditions 1. LESSOR shall physically tun over the Leased Premises to the LESSEE free from occupants, structures, trees, debris not later than the Turnover 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 Two Hundred Twenty One Thousand Eight Hundred Sixty Five Pesos (Php 221,865.00), per month, exclusive of Value Added Tax (VAT) bbut subject to withholding taxes and escalation. ESCALATION The Monthly Rent shall annually escalate by Five Percent (6%) starting on the 6th Year DOCUMENTARY | STAMP TAX ADVANCE RENTAL To be shouldered and processed by the LESSEE, Upon the execution of the Contract of Lease, the LESSEE shall pay the LESSOR, twelve (12) months of the Monthly Rent, equivalent to Three Million Forty Two Thousand Seven Hundred Twenty Pesos (Php 2,662,380.00), exclusive of VAT but subject to withholding taxes, to be applied for the first ‘Twelve (12) months of the Lease Term BINDING EFFECT 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 Signing of this Offer Sheet, the Leased Premises shail not De offered to any ‘Empowering lives through quality, affordable homes COtce Address: HLDC CORPORATE CENTER, 43-35 Don Sonfacio ve. Pulung Maragu, Angeles Cty 2009 ema: merkeing@havsiand com el No. (045) 89-2935 / (45) 625-7119 Telefax No. (048) 522-2204 « Webel: wo hausand.com = RES # 90-013 (N)| other party and the Parties shall continue discussions with the view of conferring | 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. Ifyou find the foregoing acceptable, kindly affix your signature on the space provided below to signify your con WILEREDO 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) 8S. BEFORE ME, a Notary Public for and in thi personally appeared: day of | , 2022, the parties Name Evidence of Identity Date/Place 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. ages 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 written NOTARY PUBLIC Doc No, Page No. Book No. Series of 2022