Contract

LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT OF LEASE is made and executed at the Municipality of Datu Paglas,
Maguindanao, this day of ________________________, 2020, by and between:

Datu Mohamad “Tong” Paglas, of legal age, married, Filipino, and with residence and
postal address at Poblacion, Datu Paglas, Maguindanao, hereinafter referred to as
the LESSOR.

-AND-

Nhasser M. Pasandalan, of legal age, married, Filipino and with residence and postal
address at CFCST Compound, Doroluman, Arakan, Cotabato, hereinafter referred to as
the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, an industrial property
situated at National Highway (near Shield Gas Station), Poblacion, Datu Paglas, Maguindanao;

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is
willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases
unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises,
subject to the following:

TERMS AND CONDITIONS

1. PURPOSES: That premises hereby leased shall be used exclusively by the LESSEE for
business purposes only and shall not be diverted to other uses. It is hereby expressly agreed
that if at any time the premises are used for other purposes, the LESSOR shall have the right
to rescind this contract without prejudice to its other rights under the law.

2. TERM: This term of lease is for ONE (1) YEAR from ___________________ to
__________________ inclusive. Upon its expiration, this lease may be renewed under such terms
and conditions as my be mutually agreed upon by both parties, written notice of intention to
renew the lease shall be served to the LESSOR not later than seven (7) days prior to the expiry
date of the period herein agreed upon.

3. RENTAL RATE: The monthly rental rate for the leased premises shall be Six Thousand
Pesos (P 6,000.00), Philippine Currency. All rental including the electric bills payments shall be
payable to the LESSOR.

4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to the rent for FOUR (4) MONTHS or the sum of Twenty
Four Thousand Pesos (P 24,000.00), Philippine Currency, wherein the two (2) months deposit
shall be applied as rent for the 11th and 12th months and the remaining two (2) months
deposit shall answer partially for damages and any other obligations, for utilities such as Water
and Electricity.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, the
LESSOR at its option may terminate this contract and eject the LESSEE. The LESSOR has the
right to padlock the premises when the LESSEE is in default of payment for Two (2) months
and may forfeit whatever rental deposit or advances have been given by the LESSEE.

6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet by the LESSEE without the
LESSOR'S written approval.

7. PUBLIC UTILITIES: The LESSEE shall pay for its electric, cable TV, water, Internet, and
other public services and utilities during the duration of the lease.
8. INSTALLATION OF FACILITIES. The LESSOR shall allow the LESSEE to install facilities
such air conditioner (split), lights and other designs to beautify the area. However, should the
parties decide to terminate the contract, the LESSEE shall repair minor changes which
resulted from such installation.

9. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated
without compensation by the LESSOR or by the LESSEE by notice in writing to the other.

10. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE
or its representative at any reasonable hour to examine the same or make repairs therein or for
the operation and maintenance of the building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.

11. EXPIRATION OF LEASE: At the expiration of the term of this lease or cancellation
thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR the leased
premises with all corresponding keys and in as good and tenable condition as the same is now,
ordinary wear and tear expected devoid of all occupants, movable furniture, articles and effects
of any kind.

12. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.

IN WITNESS WHEREOF, parties herein affixed their signatures on the date and place above
written.

MOHAMAD “TONG” PAGLAS NHASSER M. PASANDALAN
LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________

ACKNOWLEDGEMENT

Republic of the Philippines)
_________________________) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

Datu Mohamad “Tong” Paglas

Nhasser M. Pasandalan

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

This instrument consisting of three (3) pages, including the page on which this
acknowledgement is written, has been signed on each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public

Doc. No.______;
Page No. ______;
Book No.______;
Series of 2020.

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LEASE CONTRACT

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