SUPERMARKET

CONTRACT OF LEASE
(Renewal Contract)

January 13,2024 Contract # 21072490

IVIS.ARLENEY. CHAN
EMANNACOR.P.
Bonifacio cor. Queblar Sts. Lucena City

Dear Ms. Chan:

We are pleased to confirm the renewal ofyoul Confiact olLease at SM Supermarket Daet branch, subject to the foliowing temrs
and conditions:

BUSINESS NAME EMMANACORP.

TRADE NAME Fatboys Pirta Pasta
LOCATION CODE FS2
FLOORAREA 5.00 sq. m.
GROSS MONTHLY RENT P19,000.00 (exclusive of VAT) or l5oh of Gross Sales,
whichever is higher
PROMPT PAYMENT DISCOI]]\T P7,000.00 to be deducted from the Gross Monthly Rent, if
rent is paid on or before 10'h day of the month and prior to
cut-off time of 6:00 PM.
ECRMAINTENANCE l7o based on the Gross Sales, to be billed once the ECR unit
becomes fully operational, or thirty (30) days after date of commercial
operation of the LESSEE, whichever comes earlier.
LEASE TERM : Four (4) Months
COMMENCEMENT DATE : April 01,2424
TERMINATTON DATE : July 31,2024

Subject to thirty (30) days prior written notice, the Lease Tbrm may be shortened and the Termination Date moved esrlier should
the SM Supermarket Brsnch be scheduledfor renovation during the Lease Term. Upon resumption of business operations afier
renovation and after due evaluution af LESSEE'I account, a new Contract of Lease may be issued by SM Supermarket to
LESSEE.

OTHER CHARGES (Vatable except Documentary Stamp Tax)

Documentary Stamp Tax : P154.00
Maintenance : P2,000.00
Aircon : P120.00/sq.m.
Common Area : P105.001sq.m.
Telephone : NIA
Electricity / Water : Actual eonsumption based on sutl-meter reading.
Construction Cost : Fully Paid
Other special assessments, fines and penalties! interest charges, bio-
augmentation, cleaning of exhaust, etc.

That this Contract will be deemed renewecl at the end aJ'the lease term under the same terms and conditions unless EITHER
PARTY makes known to the OTHER, in writing, its intention not to renew the same within sixlt (60) days prior to the expiration
of the lease term. LESSEE undertakes to obserye the sixly (60) days periotl, othetwise, the secarity deposit shall be forfeited for
failure to comply with this provision.
All other terms and conditions contained in the original Contract of Lease dated September 10, 2021 and notarized byAtty. Reiniern
S. Quiambao, under Doc. No. 133, Page No. 27, Book No, 61, Series of 202i, which are not contradictory or inconsistent with the
above shall remain valid and binding, otherwise, they are deemed amended and,/or superseded. This may be immediately terminated
for breach ofthe original Contract at the time ofrenewal, even ifthe same is discovered after signing hereof.

Kindly signily your conformity to the foregoing tenns and conditions by signing on the space provided below and return the same
within seven (7) working days after receipt hereof, otherwise it shall be deemed acceptance ofall terms and Gonditions in the contract,
thus. binding belween the parries.

Thank you and we look forward to a continuing and fruitful business relationship witir you.

Vely truly yours, Noted by:

Conformity

RICHELLE D. ESPIRITU MYLENE I, MENDOZA

Senior Leasing Manager SA\? Operations Printed Name