LEASE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This LEASE AGREEMENT (the “Agreement”) is made and executed this _____ day of ____________,
20_____, in the City of ________________, by and between:

__________________, of legal age, ________________ citizen, with

_____________address at _________________________________, herein after referred to as
the “LESSOR”;

-AND-

_________________, of legal age, ____________, with_____________ address at

_____________________________, herein after referred to as the “LESSEE”;

WITNESSETH: That –

WHEREAS, the LESSOR is the registered owner possessor of the Leased Premises;
WHEREAS, the LESSEE is desirous and agreeable to lease from the LESSOR the Leased Premises;

NOW, THEREFORE, for and in consideration of the foregoing premises and of the mutual covenants and
stipulations all hereunder set forth, the LESSOR hereby transfers by way of lease to the LESSEE, and the LESSEE
accepts by way of lease from the LESSOR, the Leased Premises under the following terms and conditions:

1. LEASED PREMISES

1.1 The Leased Premises is/are the following:

1.1.1. Project : _______________________

1.1.2. Unit No. : _______________________
1.1.3. Area : _______________________

1.2 The LESSEE hereby acknowledges that he/she has identified and inspected the Leased
Premises and accepts the same on a “FULLY FURNISHED UNIT” basis. List of room inventory inclusion is
identified by “ANNEX A” attached with this contract.

2. TERM

2.1 The term if the lease shall be for a period of ______________ ( ) MONTHS only to commence on
__________________and automatically terminating on __________________ without the necessity of demand or
notice of any kind whatsoever.

2.2 The parties may renew this Agreement but solely on the discretion of the LESSOR and under such terms
and conditions as the parties may mutually agree. In the event that the LESSEE wishes to renew this lease, the
LESSEE must notify the LESSOR in writing of its wish to renew at least ONE (1) WEEK before the expiration of
the lease. The LESSOR and the LESSEE shall endeavor to execute a contract of lease for the renewed term at least
ONE (1) MONTH before the actual expiration of this Agreement.

2.3 Upon the expiration of the lease period or termination due to default, the LESSOR shall exercise the rights,
without need of any judicial declaration, provided for either by law or in Section 13.1.1, 13.1.2, 13.1.3 and 13.1.5 of
this Agreement. The LESSOR shall exercise its rights in cumulative.

3. RENTAL AMOUNT

3.1 The LESSEE shall pay to the LESSOR a monthly rent of PHILIPPINE PESOS __________________
THOUSAND (Php _____,000.00), exclusive of value added tax (VAT) and withholding tax, if applicable, payable
on the ___________________, without necessity of demand.

3.2 Upon signing this Agreement, the LESSEE shall issue in favor of and deliver to the LESSOR post-dated
local clearing checks to cover the monthly rental payments as well as the advance rent and security as specified in
Section 4 below.

Page 1 of 8
3.3 The monthly rental amount excludes the utility charges which shall all be for the account for the LESSEE,
as provided for in certain provisions of this Agreement. All taxes, assessments and association dues shall be for the
account of the LESSOR.

3.4 The LESSEE hereby agrees to pay to the LESSOR a penalty of TWO PERCENT (2%) per month on any
monthly rental not paid on time to be computed from the date of delinquency.

3.5 The LESSOR or LESSEE shall be responsible for the documentary stamp tax (DST), if applicable.

4. SECURITY DEPOSIT/EXTENSION

4.1 Upon signing this Agreement, the LESSEE shall pay to the LESSOR the amount equivalent to
__________( ) months’ rent of PHILIPPINE PESOS _______________ THOUSAND (Php 66,000.00) as
advance rental payment for _____________________ to ______________________.

4.2 Upon signing this agreement, the LESSEE shall pay in cash with the LESSOR the amount equivalent to
________________( ) months’ rent of PHILIPPINE PESOS _______________ THOUSAND (Php____,000.00),
which shall serve as a security deposit.

4.2.1 The security deposit shall be held to answer for any unpaid bills or obligations which
the LESSEE may have under this Agreement or obligations arising out of the use and occupancy of the Leased
Premises, whether by the LESSOR or third persons, such as but not limited to unpaid electrical, telephone, water or
other utility bills; including damage to the Leased Premises, excepting damage due to normal wear and tear, all
accruing prior to the termination of this Agreement.

4.2.2 The LESSEE shall maintain the security deposit in full all throughout the term of this Agreement, and
the same cannot be applied as payment for rentals corresponding to any month.

4.2.3 The security deposit shall be retained by the LESSOR for a period not to exceed SIXTY (60) DAYS
from the termination of the lease to answer for the above-specified obligations. The balance, if any,
would be refunded to the LESSEE after the lapse of the aforesaid period, provided the LESSEE
vacates the Leased Premises in accordance with the terms and conditions of this Agreement. However,
if after the application of the security deposit there still remains some unpaid obligations on the part of
the LESSEEE in the event that the LESSOR shall advance payments for such unpaid obligations, the
LESSEE agrees to reimburse the LESSOR for such payments made by the LESSOR within FIFTEEN
(15) DAYS from receipt of the notice of reimbursement. If the LESSEE fails to reimburse the
LESSOR within the said FIFTEEN (15) DAYS, any unpaid amount shall earn an interest of TWELVE
PERCENT (12%) per annum, retroactive to the date when the LESSEE should have paid such unpaid
obligations.

4.3 Statement of Account for breakdown of payments for ________ ( ) months’ advance payment,
________ ( ) months’ security deposit and __________ ( ) months’ rental payments can be found in
“ANNEX B”.

5. ASSIGNMENT/SUBLEASE

5.1 The LESSEE shall NOT assign or transfer its right in this Agreement or sublease or sublet all or any part of
the Leased Premises and no right, title, or interest thereto or therein shall be conferred to or vested on anyone, other
than LESSEE, without the written consent of the LESSOR.

5.2 Any violation of this provision shall put the LESSEE in default.

6. RESTRICTION ON THE USE OF LEASED PREMISES

6.1 The LESSEE shall use the Leased Premises exclusively for residential use only. The LESSEE shall not use
the Leased Premises for any other purposes.

6.2 Only _____( ) person/s shall be allowed to regularly reside at the Leased Premises. While guests and
visitors may be allowed for visitation purposes only, in no event or occasion shall the guests or visitors be allowed to
stay or be accommodated in the Leased Premises for a period longer than TWO (2) days except with approved
written consent from the LESSOR. Furthermore, only a maximum of TWO (2) persons shall be allowed as guests or
visitors for accommodation.

6.3 Likewise, the LESSEE shall be bound to comply with the Master Deed with Declaration of Restrictions
Page 2 of 8
(for condominium corporation) or Deed of Restriction (for homeowners’ association), rules, regulation, and policies
of either the condominium corporation or homeowners’ association, as the case may be.

7. IMPROVEMENTS AND ALTERATIONS BY THE LESSEE

7.1 The LESSEE shall not make any alterations or modifications on the Leased Premises without the prior
written consent of the LESSOR and if such consent is granted, shall be at the own expense of the LESSEE;
provided, however, that all alterations/improvements made by the LESSEE at its own expense, except movable
furniture and fixtures and improvements the removal of which shall not deface the Leased Premises, shall become
the property of the LESSOR at the termination of the lease, without compensation to the LESSEE.

8. PUBLIC UTILITIES / RISK OF LOSS OR DAMAGES

8.1 The LESSEE shall pay for its water, garbage, electricity, and other public services or utilities.

8.2 The LESSOR shall not be accountable or liable for any loss, injury, or damages that may be suffered by the
LESSEE in the Leased Premises by reason of theft, robbery, arson, or other crimes.

8.3 The LESSOR shall not be liable nor responsible for any of the following:

8.3.1 For the presence of bugs, vermin’s, rats, ants, or mice, termites, insects of any kind, if any in the
Leased Premises;

8.3.2 For the failure of the water supply and/or electric current or;

8.3.3 Any injury, loss or damage which the LESSEE, its family, agents, guests, or employees might sustain
in the Leased Premises.

8.3.4 Any damage done or occasioned by, or arising from plumbing, water, and/or other pipes, or the
bursting leaking, or destruction of any pipe, tank, water closet, electrical, and other service utilities; or

8.3.5 Any damage caused by fire, earthquake, strike, demonstration, riot, rebellion, typhoon, flood, war, or
other unforeseen cause or event.

8.4 No loss or damage in the Leased Premises shall impair the LESSEE’s obligations under this Agreement.

9. COMPLIANCE WITH LAWS, RULES AND REGULATIONS

9.1 The LESSEE shall comply with any and all rules, regulations, and policies currently existing or which may
be promulgated from time to time by the LESSOR as well all the rules, regulations, ordinances, and laws established
by all duly constituted authorities of the Municipal/City or National Government arising from or regarding the use,
occupancy, sanitation, and pollution of the Leased Premises.

10. FIRE HAZARD AND OBNOXIOUS SUBSTANCE

10.1 The LESSEE shall not keep, deposit, or store in the Leased Premises any obnoxious substance or
inflammable material or substance that might constitute a fire hazard, or might pollute the air and water as
prohibited by law.

11. TAXES, DUES AND ASSESSMENTS

11.1 Real estate taxes, withholding taxes, and other government assessments on the Leased Premises shall be for
the account of the LESSOR.

11.2 Joining fees, regular, or special assessments levied by the condominium corporation shall be for the sole
account of the LESSOR, the amounts of which shall be advised to the LESSOR.

12. INSPECTION OF PREMISES

3.1 The LESSEE shall maintain the Leased Premises in good and tenantable condition until upon expiration of
this lease contract. Likewise, the LESSEE shall surrender and return all the furniture and fixtures identified in

Page 3 of 8
“ANNEX A” in as good condition as they were actually found at the beginning of the lease, ordinary wear and tear
is expected. The LESSEE shall need to shoulder the cleaning of Grease Trap (once every 3 months) and Aircon
Cleaning (once every 4 months) and present the receipts for cleaning services done, one (1) week before the
termination of Lease.

12.1 The LESSOR reserves the right at any time to enter and inspect the Leased Premises. The LESSEE hereby
agrees to cooperate with the LESSOR in keeping the Leased Premises in good tenantable condition.

12.2 Upon prior notice of the LESSOR, the LESSEE shall give the right of the LESSOR to show/exhibit the
Leased Premises to prospective tenants, in case the LESSEE has no more intention of renewing the lease.

13. DEFAULT AND CONSEQUENCES OF DEFAULT

13.1 Upon the dishonor by the bank of any of the POST-DATED-CHECKS representing the LESSEE’s rental
payments and/or the violation of any of the terms and conditions of this Agreement by the LESSEE, the LESSOR
may immediately declare, without need of a written notice, the LESSEE in default. Upon the LESSEE being in
default, the LESSOR shall, exercise, in addition to any other remedies as may be prescribed by law, the following
rights:

13.1.1 To terminate this Agreement without the need of any prior notice, demand or judicial declaration;

13.1.2 To immediately repossess the Leased Premises without the necessity of instituting any court or judicial
action. In this regard, the LESSEE hereby grants unto the LESSOR full power and authority to take
possession of the Leased Premises and to perform such acts as maybe necessary to take possession,
including but not limited to entering into the Leased Premises in any feasible and convenient manner,
including forcible entry, barring the LESSEE or its family, employees or representatives from entering
the Leased Premises, Padlocking the Leased Premises and/or directing the cutting of utility services
and preventing the use or enjoyment of the Leased Premises, and such other steps designed to enable
the LESSOR to effectively repossess the Leased Premises;

13.1.3 To demand and receive from the LESSEE payment for any and all unpaid rentals and other financial
obligations stipulated in, or arising out of this Agreement;

13.1.4 To take possession of and sell at public or private sale any and all properties of the LESSEE found in
the Leased Premises and to apply the proceeds thereof in payment of any unpaid accounts of the
LESSEE;

13.1.5 To automatically forfeit in its favor the security deposit and remaining unused amount of rental
advance referred to in Section 4.

14. TERMINATION OF LEASE

14.1 Upon termination or expiration of the lease for any reasons whatsoever, the LESSEE agrees and warrants to
return and peacefully vacate the Leased Premises without necessity of demand. In case of the expiration of the lease
period, the LESSOR shall have all the rights stated in Section 13 and its subsections;

14.2 At the termination or expiration of the lease, all keys shall be returned without need of any demand.
Likewise, the LESSEE shall deliver the Leased Premises in as good and tenantable condition, in all respects, as the
same now are, reasonable wear and tear excepted, devoid of all occupants, furniture, articles and effects of any kind
owned by the LESSEE.

15. NON-WAIVER

15.1 The failure of any party to insist upon the strict performance of any of the terms, conditions and covenants
hereof shall not be constructed as a waiver or relinquishment of any right or remedy the non-defaulting may have,
and shall not be a bar for any action it may take, nor shall it be constructed as a waiver of any subsequent breach of
default of this terms, conditions and covenants hereof, which terms, conditions and covenant shall to be in full force
and effect.

15.2 Any waiver of the parties’ rights hereunder can only be made in writing.

Page 4 of 8
 IN WITNESS WHEREOF, the parties hereto have hereunto signed this day of
___________, 20___, in the City of _____________________.

___________________________ ____________________________
LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

______________________________ ______________________________

ACKNOWLEGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name ID Date/Place Issued

Known to me and to me known to be the same persons who executed the foregoing deed and who acknowledged to
me that the same is their own free and voluntary set and deed and of the corporation/s represented.

WITNESS MY HAND AND SEAL this _____ day of ____________, 20___, in the City of
______________.

NOTARY PUBLIC

Doc. No. ________;

Page No. ________;
Book No. ________;
Series of 20___.

Page 5 of 8
“ANNEX A” – List of Furniture and Appliances

Item Description Quantity/Model Hand-Over Condition

Page 6 of 8
 “ANNEX B” – Statement of Account

Month Applicable Amount Mode of payment Payment Date

(Php)

Security Deposit _____( ) -- Upon

months’ worth) Contract Signing
______ ( ) month/s’ Upon contract
Advanced Rental for the signing
LEASED PREMISES
______ ( ) month/s’ Rental
for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

______ ( ) month/s’ Rental

for the LEASED PREMISES

Page 7 of 8
***LESSOR/SPA & LESSEE IDs***

Page 8 of 8