CONTRACT OF LEASE OF A BEACH RESORT

KNOW ALL MEN BY THESE PRESENTS :

This CONTRACT OF LEASE OF A BEACH RESORT , made, executed

and entered into , by and between :

MARILOU RAMA , Filipino, of legal age, single and a resident of

Riverside
Songculan , Dauis, Bohol, Philippines, hereinafter called the
LESSOR ;
-AND-

ZHANG HUI , Chinese national, of legal age, single and a resident

A31/626
of Casiana Residence , A31626 680 Quirino Avenue, Tambo, Paranaque,
Metro Manila , Philippines, hereinafter called the LESSEE ;

WITNESSETH:

WHEREAS, the LESSOR is the Administrator/Manager of a certain

Beach Resort, known as Hidden Corals , consisting of a parcel of land with a
total area of Nine Thousand Seven hundred Twenty Nine (9,729) Square
Meters ; fifteen (15) concrete buildings/apartments, a restaurant , two (2)

TRANSFER CERTIFICATE OF TITLE NO. 101-2019003341

LOT NO. 9680 GSS-07-02-000039
A parcel of land (Lot No.9680 GSS-07-02-000039 ) situated in the Barrio
of Songculan , Municipality of Dauis, Province of Bohol, Island of Bohol.
Bounded on the SE., along line 1-2-3 by Lot No. 9057 , along lines 3-4-5-6
by Lot 9861 ; on the NW., along line 6-7 with Environmental Protection
(20.00 m. wide ) Bohol Strait ; on the NE., along lines 7-8-9-1 by Lot No.
9679 x x x x x containing an area of Nine Thousand Seven hundred Twenty
Nine (9,729) Square Meters , more or less.
function rooms and swimming pools situated at Riverside, Songculan , Dauis
Bohol , Philippines, more particularly situated on a parcel described as follows:

WHEREAS, the LESSEE desires to lease from the LESSOR , the above-
mentioned Beach Resort including the buildings and amenities constructed
thereon, for commercial purpose ;

WHEREAS, the Certificate of Title to the land, Sketch Plan and the
existing constructions thereon , are shown in the attached Annexes and
made integral parts of this Contract of Lease ;

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

the LESSOR HEREBY LEASES UNTO THE LESSEE AND THE LESSEE
HEREBY ACCEPTS THE SAME FROM THE LESSOR , the above-described
Beach Resort including the buildings and amenities constructed thereon ,
under the following terms and conditions :

PAGE 2

DATE OF The monthly rental shall be paid every 30th day of the
PAYMENT OF month
RENTAL.
Upon execution and signing of this Contract of Lease,
ADVANCE RENTAL the LESSEE shall pay the LESSOR , the amount of
AND DEPOSIT SIX HUNDRED THOUSAND PESOS (P600, 000.00)
representing the following:

P360,000.00 -advance monthly rental for six (6)

months ; and

P240,000.00 –as deposit which is refundable when the

INCREASES IN lease expires ;
THE MONTHLY
RENTALS AND For the first six (6)months , the monthly rental of the
YEARS OF leased resort , shall be SIXTY THOUSAND
EFFECTIVITY. (P60,000.00) PESOS.

From the seventh month to twelveth month , the

monthly rental of the leased resort shall be EIGHTY
THOUSAND (P 80,000.00) PESOS.
PROHIBITION The LESSEE shall not directly or indirectly sublease,
AGAINST SUB- assign, transfer, convey, mortgage or in way encumber
LEASE, their right of lease over the leased resort or any
ASSIGNMENTS, portion thereof under any circumstances whatsoever.
MORTGAGE
AND Furthermore, the LESSEE cannot sell, assign, transfer
ENCUMBRANCE or encumber such right to the lease at any time.

IMPROVEMENTS The LESSEE may construct any improvements on the

AND leased premises, provided that the LESSEE shall see
RENOVATIONS to it that no damage shall be done to the existing
ON THE LEASED buildings and its premises and provided further that
RESORT improvements , renovations or additions to the
buildings on the leased premises which when removed
will not cause substantial damage to the buildings or
premises.

Any new building or structure such as swimming pool

maybe constructed by the LESSEE but with the
consent and conformity of the LESSOR ;

No existing concrete building/s shall be destroyed by

 the LESSEE ;

The cost of improvements shall be borne by the

LESSEE and the same is not deductible to the monthly
rentals ;

After the Contract of Lease expires , all improvements

and renovations made or introduced by the LESSEE
will automatically belong to the LESSOR ;
COMPLIANCE The LESSEE shall comply with all sanitary rules and
WITH THE safety regulations which may be promulgated from time
REGULATIONS to time by the government national or local, and by the
LESSOR.

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BUSINESS PERMIT The Business Permit and Realty Taxes shall be

AND REALTY obtained and paid for by the LESSOR ;
TAXES
The installation and maintenance of the telephone,
water, and light facilities shall be exclusively for the
UTILITIES account of the LESSEE.

RENEWAL OF THIS Should the LESSEE wish to renew this contract, he

CONTRACT OF should give a written notice to the LESSOR at least two
LEASE months before the date this contract terminates. This
contract may be renewed only under new terms and
conditions.
LESSOR’S RIGHT The LESSOR or her authorized representative shall
OF ENTRY after giving notice to the LESSEE shall have the right
to
enter the premises in the presence of any of the
LESSEE or her representative at any reasonable hour
to examine the same or make repairs therein or for any
other lawful purposes.
ATTORNEY’S In the event the LESSOR is compelled to hire the
FEES services of counsel to enforce any provisions of this
INCASE OF contract, then the LESSEE shall pay Attorney’s fee of
LITIGATION the twenty-five (25%) of whatever is due and
demandable but not less than THIRTY THOUSAND
PESOS (P30,000.00) plus cost of the suit.
VENUE INCASE OF Any action brought by either party, the venue of the
COURT case shall be at the proper Court of the City of
LITIGATION Tagbilaran City , Philippines.

IN WITNESS WHEREOF, the parties have hereunto set their hands this____
day of _________2022, in the City of Tagbilaran, Bohol, Philippines.

MARILOU RAMA ZHANG HUI

Lessor Lessee

SIGNED IN THE PRESENCE OF :

1. _________________________ 2. _________________________
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILPPINES)

CITY OF TAGBILARAN ) S.S

BEFORE ME, a Notary Public for in the City of Tagbilaran and Province
of Bohol, this _____ day of ____________ 2022, personally appeared the
following persons:
NAME COMPETENT EVIDENCE OF
IDENTITY
MARILOU RAMA OSCA ID No. 2018-2110 Cebu City
ZHANG HUI Passport No. E05135621

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known to me be the same persons who executed the foregoing instrument and
they acknowledge to me that the same is their free and voluntary act and deed.

This instrument, consisting of four (4) pages, including the page on

which this acknowledgment is written, has been signed on the left margin of
each and every page thereof by the parties and and their witnesses, and
sealed with my notarial seal.

WITNESS MY HAND AND NOTARIAL SEAL this ___day

______________2022 at Tagbilaran City, Philippines.

DOC. NO. ATTY. ARTEMIO C. VILLAS

PAGE NO. Notary Public
BOOK NO. ………
SERIES OF 2022 Commission expires on Dec. 31, 2022
PTR No. 2447022 for cy 2022
IBP Lifetime Member No. 01796
Roll No. 29506 / NCS No. 2019-43