iynts Meter LEASE CONTRACT This Lease Contract made and entered into by and between: GYNETH LOU G. ROSETE of legal age, Filipino, married, and a resident of Block Lot 22 Phase 2, Pinagsama, Taguig City, Philippines, for herself and as Attomney-in-Fact of GENRE GURANGO of legal age, married, Filipino and with residence and postal address at 3090 S. Eucalyptus Pl Chandler ‘Arizona 85286, Hereinafter known and referred to as “LESSOR”. -and- SOUTHERN CROSS DISTRIBUTION, INC., 2 corporation duly organized and existing under Philippine laws with business address at 801 One Global Place, 5” Avenue cor. 25" St., Bonifacio Giobal City, Taguig, represented herein by its National Sales and Marketing Manager, MR. ARIEL D. MAGPANTAY, hereinafter known and referred to as "LESSEE". WITNESSETH : That 1. SUBJECT OF LEASE - The LESSOR hereby leases to the LESSEE, and the LESSEE accepts in lease from the LESSOR a portion equivalent to THREE HUNDRED FIFTEEN point FIFTY (315.50) SQUARE METERS square meters more or less of that certain parcel of land, with a total area of FIVE HUNDRED FORTY THREE (543) square meters more or less and all the improvements thereon, situated in General Luna Street Poblacion 39 (Poblacion Barangay 3) Infanta, Quezon, Philippines, which parcel is described in Transfer Certificate of Title No. (T-17193) 067-2023000812 of the Registry of Deeds for the Province of Quezon. The technical description and boundaries of the property herein leased is shown on the attached sheets marked Annex "A" and made a part hereof ‘The sketch of the property herein leased is shown on the second attached sheet marked Annex “B" and also made a part hereof 2. TERMS-TO HAVE AND TO HOLD for a term of FIVE (6) YEARS from January 1, 2024 to December 31, 2028. This lease, however, is subject to termination by LESSEE at eny time upon thirty (30) days: written notice to LESSOR. 3. RENTAL ~ LESSEE agrees to pay the following rental rates, VAT-inclusive for said premises: Inclusive Date/Year ‘Amountimonth ny —=——| (PHP) | rom mannTo [7 FJan-2094 ‘31-Dec-2024 40,000.00 Ts [31-Dec-2025 40,000.00 ‘-Jan-2026 31-Dec-2026 40,000.00) | 31-Dec-2027 40,000.00) C 31-Dec-2028 40,000.00 Al payable yearly in advance within the first fifteen (15) days of each anniversary month, Should LESSOR become indebted to LESSEE, the latter shall be entitled to apply, as Payment of LESSOR'S obligation, all or such portions of rentals accruing hereunder as may be necessary. ease Contract ~ SCD. QZH2024.003Ge ie 4, IMPROVEMENTS AND REMOVAL OF PROPERTY ~ LESSEE shall have the right to erect on the leased premises any buildings or structures that it may desire without the consent or approval of LESSOR. No buildings, improvements, fixtures, and equipment erected, installed, or ‘owned by LESSEE shall become part of the real estate, but shall be and will remain the property of LESSEE LESSEE shall also have the right, rent free, at any time during the continuance of this lease, or within sixty (60) days after its termination, to abandon, sever, and remove any or all fixtures, equipment, improvements, and other property of LESSEE place on the premises by LESSEE during the term of this or any previous lease or any extension or renewal thereof. During the said period, LESSOR shall cooperate with LESSEE to carry out demolition of any structure, or the pull out of any equipment therein by, among others, signing and executing the necessary documentation fo obtain the permits, licenses or authorities to carry out the same, 5. ABATEMENT AND REDUCTION OF RENTAL - Should LESSEE due to war, civil ‘commotion, act of God, or any other caused beyond its control, be prevented from occupying the leased premises, or be obliged to give up possession thereof, the rental hereinabove agreed upon shall abate during the time that the leased premises are not occupied by LESSEE. It is agreed however, that during the time LESSOR may leased the premises to any person until such date as LESSEE may reocoupy them and the term of this lease shall be considered as extended for a period ‘of time equal to that during which LESSEE was not in possession of the leased premises. No alteration may be made by LESSOR in the improvement built by LESSEE on the leased premised without the written consent of LESSEE first had and obtained Should any portion of the leased premises be expropriated by the government without rendering the remaining portion unsuitable for carrying on the business of LESSEE, the rental shall be reduced proportionately. 6. DAMAGES FOR DEFECT IN TITLE AND DESCRIPTION ~ LESSOR covenants that she is well seized of said premises, have good right to lease the same, and warrants and agrees to defend their tite thereto and to reimburse and hold LESSEE harmless for all damages and expenses, including attorney's fees, which LESSEE may suffer by reason of any restriction, encumbrance, or defect in such ttle, or in the above description of the leased property, 7. TAXES AND ENCUMBRANCES - LESSOR agrees to pay for real estate taxes, assessments, and obligations, including Value Added Taxes (VAT), if any, which are, or may become, a lien on the leased premises as they become due. Should LESSOR fail to pay, LESSEE shall have the right either to make such payments for the account of the LESSOR, in which event it shall be subrogated to all the rights of the holder of such lien, and in addition thereto, shall have the right to apply accruing rentals to the satisfaction of such obligation, or LESSEE, in the event of a foreclosure of any such item lien and the sale of said leased premises, shall have the right to buy said premises and its improvements for its own account. LESSEE on the other hand, shall pay taxes on improvements introduced by it on the leased premises. 8. RIGHT TO CLEAR — LESSOR grants LESSEE the right, at its own expense and in any. manner it deems proper, to level or fill the ground and remove therefrom or dispose of rubbish, stones, soil, tress underbrush, and such other materials remaining therein, which according to the discretion of LESSEE, are not necessary for its own purpose. 9. OPTION TO BUY — Should LESSOR decide to sell, transfer, or assign a part or all of the leased premises at any time during the life of this lease or any renewal or extension thereof, the LESSOR shall first give writen notice of such intention to the LESSEE and should the LESSEE then be allowed under the Constitution and laws of the Philippines to acquire land, the LESSEE shall have the first option to purchase the leased premises at the same price offered or to be offered to third persons. In the event the LESSEE is disqualified or is not allowed to acquire and own land, the LESSOR hereby gives the LESSEE the alternative option to look for @ bonafide and qualified purchaser for the leased premises and such purchaser so recommend by the LESSEE shall have the first option to purchase the leased premises at the same price offered to third persons. Should LESSEE decide not to purchase the leased premises and the same is sold, transferred, or assigned by LESSOR to the purchaser recommended by LESSEE or to a third party, then, and in that event, LESSOR agree to make it a condition of the sale, transfer, assignment, that the vende, transferee, fr assignee shall respect all the terms, covenants, and conditions of this Agreement. LESSOR shall notify LESSEE such sale, transfer, or assignment at least ten (10) days prior thereto. Laas contact ~ ScD. Qzn2024-001, ‘oynath tou Resta can Lane 5 Poison 99 “oblcen Barony 3) ifn, Quezon» 4 S 10. REGISTRATION - LESSOR shall, on demand, execute, sign and/or deliver all other documents, agreements, and instruments and do all other things which may be necessary to enable LESSEE to effect the registration of this lease in the Office of Register of Deeds at LESSES's expense, 41. CONFLICT OF INTEREST — The LESSOR warrants that no director, officer, employee of agent of LESSEE has or wil receive any commission, fee, rebate, git or other remuneration, in any form and of whatever value, or hasiwill in any way be personally benefited in connection with the negotiation and execution of this Contract. The LESSOR undertakes not to enter into any business arrangement with any director, oficer, employee or agent of LESSEE in their personal capacity of through relatives within the third degree of consanguinity or affinity, during the effectivity of this contract without securing the prior written consent of LESSEE. LESSEE or its duly authorized auditorsirepresentatives shall have access to the records of the LESSOR to ensure compliance with this provision. Violation of this provision by the LESSOR is a ground for termination of this Contract and will make LESSOR liable for any and all damages suffered by LESSEE as a result ofthe violation and the termination ofthis Contract. 12, ATTORNEY'S FEES, ETC, ~ Should either party resort to judicial proceedings to enforce any of its rights hereunder, the party at fauit will pay the other reasonable compensation for its ‘expenses and charges, including attomey's fees in addition to all expenses of litigation and costs of suit 13, ENTRY AND INSPECTION - The LESSOR and its representatives may enter the leased premises, at any reasonable time upon previous arrangements with the LESSEE, for the purpose of inspecting the leased premises. 14, DEFAULT/TERMINATION. This lease is made upon the express condition and the LESSEE hereby agree that: ‘a. Should the LESSEE fail to pay the rental herein stipulated, or any part thereof, or any ‘other sum required of the LESSEE to be paid to the LESSOR at the time or in the manner herein provided; or If default should made in any of the other covenants or conditions on the LESSEE’s Part herein contained, and not be cured within thirty (30) days after written notice by the LESSOR or LESSOR’ agent to the LESSEE of such default; ©. Such default, breach or act shall, unless caused by reasons beyond the LESSEE’s control, give the LESSOR, or the LESSOR’ agent and representatives, the right to terminate the contract of lease. d. Should the LESSEE be prevented by the Government authorities from successfully and profitably carrying on its business, the LESSEE may, at its option, terminate this lease, or any extension or extensions thereof, and neither party shall have any claim against the other by reason of such termination except that rentals paid by the LESSEE for the unexpired portion of the lease shall be refunded by the LESSOR. 15, SUCCESSORS AND ASSIGNS - This Agreement shall be binding upon, and inure to the benefit of the parties and their successors and assigns. 16. SUB-LEASE OR ASSIGNMENT — LESSOR hereby agrees to allow LESSEE to sub- lease or assign any portion or all the sub-leased premises to any person or entity for any business purpose, provided the sub-leased or assigned premises shall not be used for illegal or immoral Purposes or activities, Lease Convact- Sco! qz22024-001, ‘GoniconSarangay 9) niaIN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have subscribed their names and executed this lease in the City of ‘SOUTHERN CROSS DISTRIBUTION, INC. By Ait Apady ‘Gynoth Lou G. Rosete ‘Ariel 3. Magpantay SIGNED IN THE PRESENCE OF: seor-gz12024-001 ‘econACKNOWLEDGEMENT EUR LILETMNEENS 1 thereby certify that this day personally appeared before me: waMe Twpo.ttDiExp Date 1DNe Pico Issued Gyan Lou. Rosote NY Srraerteroto — BROMES, [ycteti Ariel D, Magpantay sss 33-0589341-4 who are personally {0 me known and presented to me that they are the same persons who signed the foregoing instrument and acknowledged to me that they executed the same as their free and voluntary ‘act and deed, for the purposes therein set fort. further certify that the foregoing Lease Contract consists of SEVEN (7) pages including Annex ‘AY and Annex "B’, are signed by the above parties and their witnesses on each and every page thereof IN WITNESS WHEREOF, | have hereunto set my hand and affixed my notarial seal this amv. bic one ft CF FBLA Doc. No.__ ty; fou. BEN eH ACT Page No. ae rR, aA A Book No. : cost Av LE OLA Series of 2024. WuE Wo kien WLLL A 06 CFPCE RGU TPC FUE FTE WE syn na Ant Sen = EON 2024005 (Pochonrangy 3 nen QuanAnnex “A” TECHNICAL DESCRIPTION AND BOUNDARIES OF PROPERTIES LEASED PER ‘TRANSFER CERTIFICATE OF TITLE No.(T-17193) 067-2023000812 ENTIRE PARCEL: A PARCEL OF LAND (LOT 2, PLAN PSU-144019, LR.C. CASE NO. N-336, L.R.C. REC. NO. N-9485) WITH THE IMPROVEMENTS THEREON, SITUATED IN THE POBLACION, MUNICIPALITY OF INFANTA, PROVINCE OF QUEZON. BOUNDED ON THE NE., BY PROPERTY OF PRIMO PENAMANTE: ON THE SE. BY GENERAL LUNA STREET; ON THE SW., BY THE P. PATERNO STREET; AND ON THE NW., BY PROPERTIES OF ANICETO ELLO AND ANSELMO FRANCIA. BEGINNING AT A POINT MARKED “1” ON PLAN, BEING N. 64 DEG, 48'E., 246.72 M TO FROM B.L.L.M. NO. 1, MP. OF INFANTA, THENCE S. 19 DEG. 15W.,, 37.88 M. TO POINT 2; N. 69 DEG. 40'N. 13.85 M. TO POINT 3; N. 18.DEG. 41'E., 19.76 M. TO POINT 4; N. 18 DEG. 02'N. 4.10 M. TO POINT 5; N. 23 DEG. 17’E., 4.38 M. TO POINT 6; N. 26 DEG. 0S'E., 14.78M. TO POINT OF BEGINNING, CONTAINING AN AREA OF FIVE HUNDRED AND FORTY THREE (543) SQUARE METERS, MORE OR LESS. ALL POINTS REFERRED TO ARE INDICATED ON THE PLAN; BEARINGS TRUE; DECLINATION 0 DEG. 45'E., DATE OF SURVEY, SEPTEMBER 2, 1954, PORTION LEASED: ‘A portion of the above described parcel of land containing an area of THREE HUNDRED FIFTEEN, point FIFTY (315.50) SQUARE METERS, more or less as shown in the attached sketch, Annex "B" ‘SOUTHERN CROSS DISTRIBUTION, INC. By: Att inky Gyneth Lou G. Rosete ‘Ariel D. Magpantay SIGNED IN THE PRESENCE OF: uu te nine SED: QBN. 003 ‘placer Brongr 3 nent, Quezoncor gzna02e-o02 ROPERTY = 2 of SEPT Meet eae sa ritaclon Berenaoy 3 nara, Quezon PROPERTY OF ANICETO ELLO SOUTHERN CROSS DISTRIBUTION, INC. + een as eel ARENAS vain. aT a 13dYLS ONYALVd ‘d | sunvwwnad OWnid 40 ALuadOUd SIGNED IN THE PRESENCE OF: GENERAL LUNA STREET ILDEFONSO P. GURANGO, JR. ALOT PLAN 12FEB.2028 CALTEXINFANTA.QUEZON Lrynth Arcndy "Gyneth Lou G. Rosete