CONRACT OF LEASE

This Contract of Lease, made and entered on Aug. 29, 2010 at Binan City, Laguna by and between: TEODORO Q, NIDO, JR. With postal address at 109 Berri St. Sta. Rosa Village 2 Phase 4A Sta. Rosa City, Laguna, Philippines 4026, hereinafter referred to as the LESSOR, -andEDMARK CANLAS, Filipino of legal age, with postal address at c/o SunPower Philippines Mfg, Ltd., 100 East main Avenue, Phase 4 Special Economic Zone Laguna Technopark Binan Laguna, hereinafter referred to as the LESSEE.

WITNESSETH THAT: Whereas the LESSOR is the registered owner of residential house at 127 Jacana Street, Don Jose Village 1, Binan City, Laguna, Philippines, with a SINGLE ROOM hereinafter referred to as the LEASED PREMISE; NOW, THEREFORE, for and in consideration of the foregoing and mutual covenants herein contained, the LESSOR has let and by the way of lease unto the LESSEE, therefore said LEASED PREMISE subject to the following terms and conditions: 1. TERM This Contract of Lease shall be for a period of One (1) year commencing on Aug. 29, 2010 up to Aug. 29, 2011. 2. RENTAL and DEPOSIT a. The monthly rental of the Leased Premise shall be THREE THOUSAND FIVE HUNDRED PESOS (P3,500.OO), Philippine Currency. b. Upon signing the Lease Contract, the LESSEE shall pay the LESSOR SEVEN THOUSAND PESOS (P 7,000.00) Philippine Currency as Two months Security Deposit and THREE THOUSAND FIVE HUNDRED PESOS (P 3,500.00) Philippine Currency as One (1) month Advance rental. Monthly payment of THREE THOUSAND FIVE HUNDRED PESOS (P 3,500.00) Philippine Currency shall be paid every 29th of the succeeding months. c. In case there are unpaid bills and damages to the premises, aside from natural wear and tear, such accounts will be deducted from the security deposit and the balance, if any, shall be refunded to the LESSEE upon expiration of the contract and settlement of accounts noted herein. d. The security deposit cannot be used as substitute for rental payments in case the LESSEE fails to make good his monthly rental payments. 3. MAXIMUM NUMBER OF OCCUPANT is only ONE (1) Person.

4. USE OF THE PREMISES. The leased premises shall be used exclusively for residential purpose of the Lessee and for no other purpose. The subject premises cannot be sub-leased. 5. UTILITY. Expenses for water and electricity shall be for the account of the Lessee. 6. IMPROVEMENTS. The lessee shall not make any alteration or structural changes or improvement without the written consent of the lessor. Any authorized alteration or improvement will automatically inure to the benefit of the leased premises and become part of the property of the lessor without any obligation on the latters part to pay or refund its cost to the lessee. The lesse may install additional movable furnishings, appliances and decorative items within the leased premises for as long as none of these will cause any damage to the leased premises. 7. SANITATION AND MINOR REPAIRS. The lessee at his own expense shall maintain the premises clean and in good condition as were found at the beginning of the lease. 8. The LESSOR- reserves the right to enter the leased premises for routine inspection at a reasonable time and upon prior notice to the lessee. 9. FIRE HAZZARD AND OBNOXIOUS SUBSTANCE. The lessee shall not keep, deposit or store in the premises any obnoxious substance or flammable material or substance that might constitute fire hazard. 10. TAXES AND INSURANCE. Real estate taxes and other government charges and assessments shall be for the lessors account. 11. THIRD PARTY LIABILITY. The LESSEE during its occupancy of the leased premises shall hold the lessor free and harmless from any damage or liability or responsibility to any person or property arising as a consequence of the use or acts of the lessee within the leased premises. When such damage or liability is caused by fortuitous events or acts of God such as typhoon, earthquake, flood and others, the lessee shall not be liable to the lessor. 12. RULES AND REGULATIONS. The lessee agrees to abide by the existing rules and regulations promulgated by the Lessor. 13. SALE, TRASFER, AND MORTAGE. In the event of sale, transfer, mortgage or encumbrance the lessor shall warrant that the purchaser or mortgage shall respect all the terms and conditions of this lease agreement. 14. TERMINATION CLAUSE. This is guaranteed one year contract. Whereas, both lessor and lessee agree to pre-terminate this contract for any reason thereof. Both parties required to give at least thirty (30) days written notice before the pretermination, remaining checks and deposit shall be returned to the lessee. However, failure of the lessee to pay monthly rental for two consecutive months, the lessor has the right to pre-terminate the contract and forfeit any deposit and the lessee shall be liable to settle all his payable relative to the guaranteed one year contract.

15. RETURN OF PREMISES. a. At the expiration of the terms of this contract, the lessee shall vacate immediately the leased premises and return the possession thereof to the lessor without need of the demand by the lessor in as good condition as were found at the beginning of the lease. b. The LESSEE is required to provide proof of payments of all bills before the lessor could grant clearance and release from this contract. 16. RENEWAL. The lessee may extend or renew the contract upon mutual agreement with lessor. The lessee is required to give at least thirty (30) days written notice to the lessor of his intentions to renew this contract or vacate and terminate it. 17. VIOLATION OF TERMS. Any violation of the terms provided in the agreement on the part of the lessee shall be sufficient ground for the termination of the contract by the lessor.

IN WITNESS WHEREOF, the parties hereto have signed this present date and place first above mentioned.

TEODORO E. NIDO, SR. Lessor

EDMARK CANLAS Lessee

Signed in the Presence of:

_____________________________

_____________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES

BEFORE ME, a Notary Public for and in ______________________, this _____ day of ______________, personally appeared for the following:

Teodoro Q.Nido, Jr.

CTC No. : Issued at : On : CTC No. : Issued at : On :

Edmark Canlas

Known to me and to me known to be the same person who executed the forgoing document and acknowledge that the same are their own acts and deeds. This document consists of four (4) pages signed.

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

NOTARY PUBLIC

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