CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Agreement made and executed this 28 th day of February, 2023, in San Juan
City Philippines, by and between:

ENRIQUE BUENVIAJE married to MAY S. BUENVIAJE, both of legal

ages, Filipinos and with address at Anilao Proper Mabini, Batangas,
Philippines, as represented by GERRY DATINGUINOO, hereinafter
referred to as the LESSORS;

-and-

NICOLETTE B. GAMARA, of legal age, Filipino with residence at Pang. E

Gamara Street (formerly San Lorenzo Ruiz St.) Brgy. Cuta Central,
Batangas City, and hereinafter referred to as the LESSEE;

WITNESSETH:

WHEREAS, the LESSORS are the owners of the following real estate properties
in Anilao Proper, Mabini, Batangas covered by TCT 68879 and with TD NO. 14-0002-
00132; TD No. 14-002-00132-00131 with 352.22 square meters;

WHEREAS, the LESSEE desires to lease at least sixty (60) square meters of
said property and the LESSORS are willing to lease the same unto the LESSEE subject
to the terms and conditions hereinafter specified;

NOW, THEREFORE, for and in consideration of the foregoing and mutual

covenants herein contained, the LESSORS has allowed and leased unto the LESSEE,
the aforesaid properties, and the LESSEE hereby accepts the same by way of lease
under the following terms and conditions:

1. DELIVERY OF PREMISES. The LESSORS hereby deliver the leased

properties and the LESSEE hereby accepts the same.

2. LEASE PERIOD. The lease of said premises shall be for a period of

THREE (3) YEARS commencing on March 1, 2023 and expiring on March
1, 2026, renewable thereafter upon mutual agreement of both parties.

3. RENTAL PAYMENT AND SECURITY DEPOSIT. The LEASE RENT

shall be SEVEN THOUSAND PESOS payable every 1st of the month.
Upon signing of this contract, the LESSEE shall have one (1) month grace
period to process the necessary documents and arrange the items
needed.

Should the LESSEE fail to pay the rental in accordance with the terms of
this Lease Contract within thirty (30) days of the date upon which it
becomes due and the payments for the initial deposit and advance rental,
the 2023 rental and the 2023 rental for the months of April to June, the
LESSORS may, at their option, either terminate the lease without prior
notice or take any steps they deem necessary to collect the rent which is
due and any additional cost he reasonably incurs in that connection shall
be added to the rent which is due and shall be paid by the LESSEE

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4. UTILITY AND OTHER CHARGES. All expenses for water, electricity,
gas, telephone, cable and other utility charges shall be for the account of
the LESSEE; The expenses for tiling the leased property shall be shared
equally by both the LESSEE and the LESSOR;

5. TAXES AND INSURANCE. Real estate taxes, government assessments,

insurance charges and other charges of a public nature shall be for the
account of the LESSORS;

6. ALTERATIONS, IMPROVEMENTS, ETC. The LESSEE shall not

introduce any substantial alteration, addition or improvement to the leased
premises, unless a written consent of the intended improvements has
been approved by the LESSORS.

7. SUB-LEASE. The LESSEE shall not assign or sublet the leased

premises without the written consent of the LESSORS.

8. SANITATION AND REPAIRS. The LESSEE, at his own expense, shall

keep and maintain the premises and its facilities in the same condition as
he found when he set in. Ordinary and routine repairs shall be attended to
by the LESSEE. All major repairs shall first be discussed with the
LESSORS.

9. FIRE HAZARD AND OBNOXIOUS SUBSTANCE. The LESSEE shall not

keep, deposit or store in the premises any obnoxious substance or
inflammable materials that might constitute a fire hazard.

10. THIRD PARTY LIABILITY. The LESSEE during his occupancy of the
leased premises shall hold the LESSOR free and harmless from any
damage or liability or responsibility to any person or property of the
LESSEE, his agents, employees, domestic help and guests unless such
damage results from the LESSORS’ negligence. When such damages or
liabilities are caused by fortuitous events or acts of God, such as,
typhoons, earthquakes, flood, etc., which are beyond the control of the
LESSEE, the latter shall not be liable to the LESSORS.

11. INSPECTION OF PREMISES. The LESSORS or their authorized

representative shall have the right upon prior notice to the LESSEE to
enter the leased premises at any reasonable time. The LESSEE agrees
to cooperate with the LESSORS or their authorized representative or
agents and allow them to enter the leased premises at any reasonable
time or as otherwise arranged by mutual consent, in order to inspect said
premises, undertake maintenance, repairs and such other works
necessary for the preservation, conservation or improvement of the
Premises.

12. MORTGAGE OR SALE OF THE LEASED PROPERTY. The LESSORS

reserve the right to mortgage, sell, or otherwise encumber said property.
In the event of mortgage, sale, or other encumbrance of the leased
premises, the LESSORS shall warrant that the purchaser, mortgagee or
encumbrance shall respect all the terms and conditions of this lease
agreement including the provisions of renewals thereof. The LESSEE
shall allow the LESSORS or their designated agent to show the premises
to prospective buyers or mortgagees with prior notice to the LESSEE at
reasonable hours.

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 13. RETURN OF PREMISES. Upon the termination of this Contract of Lease
at the expiration of its terms and/or conditions or extensions thereof, or for
any reason whatsoever, the LESSEE shall immediately vacate the
premises and peacefully return possession thereof to the LESSORS,
without necessity of demand. The LESSEE shall return the premises to
the LESSORS in the same and tenantable condition, as it was when the
LESSEE first set in.

14. SUBSTANTIAL DAMAGE TO PREMISES. In the event the LEASED

PREMISES or any part thereof is destroyed substantially or rendered
untenantable by fire, war, civil disturbances, earthquake, flood, typhoon or
any other calamity, the cause of which is not attributable to the negligence
of the LESSEE, members of his household/family, agents, employees,
guests or visitors, notice thereof must be made known to the LESSORS
who shall, upon receipt thereof, endeavor and see to it that the premises
are rendered in tenantable condition within the earliest possible time. If,
however, the premises shall be so destroyed as to make the premises not
tenantable, the parties may agree to the rescission of this contract.
Nothing in this paragraph shall exempt the LESSEE from liability to the
LESSORS for damages caused due to the fault of the LESSEE, members
of his household/family, agents, employees, guests or visitors.

15. VIOLATIONS. The LESSEE agrees that if the LESSEE commits any
violation, direct or indirect, of any of the stipulations hereof, this contract
shall be automatically terminated. If the breach is on the part of
LESSORS, the LESSEE shall have the option to continue with the lease
or be refunded the unused portion of the advance rental and security
deposit, without need of any court order.

16. VENUE OF ACTION. In case of court action involving this contract, the
same shall be brought before the court of competent jurisdiction in the City
of Makati.

17. ATTORNEY’S FEES. In the event of any breach of this agreement by the
LESSEE or LESSORS, the party causing the breach by court of law or
arbitration shall pay the aggrieved party, the sum equivalent to twenty five
(25%) percent of the total, such amount shall in no case be less than ten
thousand pesos (P 10,000.00) in Philippine currency plus the cost of suit.

18. This contract supersedes any and all contracts executed prior hereto,
which shall be considered of no force and effect. This contract shall not in
any way be amended, modified or notated except by virtue of a written
instrument signed by the LESSORS or their duly authorized representative
and the LESSEE.

IN WITNESS WHEREOF, the parties hereto have signed these presents on the
date and at the place above-mentioned.

ENRIQUE BUENVIAJE as represented by

GERRY DATINGUINOO
(LESSORS) NICOLETTE B. GAMARA
(LESSEE)

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 WITNESSES:

_____________________ _____________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES }

CITY OF ___________________ } SS

BEFORE ME, a Notary Public in and for San Juan City, Philippines,
this __________ day day of _____________________ personally appeared
the following:

NAME IDENTIFICATION DATE and PLACE ISSUED

all known to me and to me known to be the same persons who executed the foregoing
CONTRACT OF LEASE consisting of four (4) pages including this page on which the
Acknowledgement is written, and they acknowledged to me that the same is their free
and voluntary act and deed.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed

my notarial seal on the date and at the place first above written.

Doc No.______
Page No. ______
Book No. ______
Series of 2023

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