TERMS AND CONDITIONS OF THE LEASE

1.) SECURITY DEPOSIT & ADVANCE RENTAL

Upon execution of this agreement and as mandatory pre-requisite prior to move in / turnover of the
lease premises to the LESSEE, the LESSEE shall deposit to the LESSOR the here-agreed amount for
the Security Deposit. The deposit of the LESSEE shall answer for (a) any and all damages to the
leased premises due to the fault or negligence of the LESSEE. Any form of scratches, tears, stains or
holes are ground for the repainting of the entire lease premises in the same condition as it was
received. (b) as security for LESSEES due observation of and faithful compliance with, the terms
and conditions of this Contract, and (c) as payment for penalty in case of pre-termination. Such
deposit shall not be applied to the payment of rentals during the existence of the Lease Contract.
Moreover, the deposit shall be refunded to the Lessee with 30 to 45 days from the time the Lessee
has vacated the unit provided the Lessee has no accounts due on the unit or to the LESSOR. Aside
from deposit, LESSEE is also required to pay the agreed Advance Rent, which shall be applicable to
the first month of Lease.

2.) PENALTY
The LESSEE agrees to pay to LESSOR a penalty on any amount due under the Contract which
remains unpaid on due thereof at the rate of FOUR Percent (4%) per month, compounded
monthly, to be computed from the date of delinquency until such amount is paid in full. A fraction of
a month shall be considered as one (1) month for purposes of computing said penalty.

3.) LOSS
The LESSOR is not liable to any resident, guest, and or occupant for injury, damage, or loss to
person or property, from any cause including fire, smoke, rain, flood, water, leaks, lightning, wind,
explosions, interruption of utilities, pipe leaks, theft, negligent, or intentional acts of resident,
occupants, guest, or criminal conduct of other persons including theft, burglary, assaults, vandalism
or other crimes.

4.) RESTRICTION IN USE OF PARKING PREMISES

The LESSEE shall not put any ornamental plants or any other Item/Equipment in the premises like
either than his CAR.

5.) BREACH OF CONTRACT

If the LESSEE violates any of the terms or conditions of this contract, the LESSOR may, in addition
to any other recourse prescribed by law, pursue any or all of the following action as follows:

a) To terminate this Contract of Lease without the need of any prior notice, demand or judicial
declaration.
b) To immediately repossess the condo unit without the necessity or instituting any judicial or court
action. In this connection, the LESSEE hereby names, constitutes, and appoints the LESSOR, its
authorized agents, employees, and/or representatives, as its attorney-in-fact with full power of authority,
to open, break-open padlock, enter, occupy, secure the apartment, to clean up, make repair in, relets the
condo unit, remove the property left in the unit and to take such other steps and employ such other
means to enable the LESSOR to the full and complete physical possession and control of the apartment,
baring the LESSEE from entering the unit.
c) To suspend or disconnect the electric and/or water supply and other utility services to the UNIT by
whatever means without incurring any civil and/or criminal liability or responsibility for the same.
d) To demand and received from the LESSEE payment for any and all unpaid rentals, fees and
charges, damages, and other financial obligations stipulated in, or arising out of this Contract;
e) To automatically forfeit the Security Deposit in its favor.
f) The LESSE hereby expressly stipulates and agrees that any or all acts done or performed by the
LESSOR, its authorized representative under the preceding provision by the LESSOR, its authorized
representative under the preceding provision may not be subject of any petition or mandatory injunction
in court, and that the LESSOR and/or its authorized representative will be free and harmless from any
civil and/or criminal liability or responsibility.

6.) If after due notice is given to the KESSEE of the cancelation of the lease, the latter fails to comply
with the LESSOR`S demand for the return to it of the possession of the premise and the payment of
the LESSE accrued obligations pursuant to the provision of this Contract, or in the event of default
or breach by LESSEE of any of the provision herein contained, the LESSEE herby empowers the
LEESOR and/or authorized representative to open, enter, padlock, secure and otherwise take full and
compete physical possession and control of the premise without resorting to court action.

7.) NON-WAIVER
That failure of the LESSOR to insist upon the strict performance of any of the terms and conditions
and covenants hereof shall not be deemed a relinquishment or waiver if any right or remedy that the
said LESSOR may have nor shall be constructed as waiver of any subsequent breach or default of
the terms, conditions and covenants herein contained unless express in writing and signed by the
LESSOR.

8.) JUDICIAL RELIEF

It is agreed between the parties hereto that in the event if default in the part of the LESSEE, the latter
shall be liable for liquidated damages equivalent to TWENTY-FIVE (25%) per cent of all sums due
but in no case less that FIFTY THOUSAND (PHP 50,000.00 PESOS, aside from the costs of the
litigation and other expenses which the lay may entitle the LESSOR to recover the LESSEE.

I HEREBY AGREE AND CONFORM TO THE ABOVE

TERMS AND CONDITIONS

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NAME OF TENANT OVER SIGNATURE