CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease (the “Contract”) entered into this 7thth day of MAY, 2020 in
BACOOR City, Philippines, by and between:

BARIANE LOZANO, Filipino, of legal age, with postal address At 1616

INSTRUCCION STREET SAMPALOC MANILA, represented by attorney in
fact TJ M. MANALO, hereinafter referred to as the LESSOR;

And

____________________ , ___________ , of legal age, with postal address at

______________________________, hereinafter referred to as the LESSEE;

WITNESSETH: THAT -

WHEREAS, the LESSOR is the absolute and registered owner of a (1) ONE Brand new
residential house, with 3 bedrooms, 2 bathrooms and 2 car ports located at #14 Lyra St. block 7
lot 10, Soluna subdivision at Mambog 4, Bacoor Cavite. 120 sqm lot area, 64 sqm floor area

WHEREAS, the LESSEE desires to lease the LEASED PREMISES, and the LESSOR is
willing to lease the same unto the LESSEE, subject to the terms and conditions hereinafter
specified;

NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants
herein contained, the LESSOR hereby leases, lets and demises unto the LESSEE the LEASED
PREMISES, under the following terms and conditions:

1) LEASE PERIOD – The LEASE shall be for a period of twelve (12) months
commencing from ____ __, 2020 to midnight of _____ __, 2021 (the “Term”), renewable for a
similar period upon the agreement of the LESSOR and the LESSEE. The LESSEE shall signify
his intention to renew this Contract by serving a written notice to the LESSOR at least NINETY
(90) days prior to the expiration of the LEASE. Any renewal is subject to a minimum increase of
five percent (5%), or by the annual inflation rate prevailing on the month prior to the renewal
notice is given by LESSEE, whichever is higher.

2) MONTHLY RENTAL – The LESSEE shall pay to the LESSOR monthly rental of
TWENTY-THREE THOUSAND PHILIPPINE PESOS (PHP 23,000.00). The association dues,
as set and collected by the SOLUNA Land operations management, is not part of the monthly
rental. The LESSEE shall pay the monthly association dues accordingly.
3) Upon signing this Contract, the LESSEE shall pay in advance to LESSOR the equivalent of
THREE (3) months amounting to SIXTY-NINE THOUSAND PHILIPPINE PESOS (PHP
69,000.00), covering the 1-month advance and 2 months deposit.

The LESSEE is considered in default if the full payment is not received and credited to
LESSOR’s designated bank account on the LATEST PAYMENT DATE indicated in the table
above. Any balances outstanding is subject to a penalty rate equivalent to THREE PERCENT
(3%) for each month that the balance is unpaid, on a compounded basis.

In the event of the LESSEE’s default, the LESSOR has the right to take possession of the
LEASED PREMISES without the need for any judicial proceedings, without any prejudice to the
LESSORS’ other rights under this Contract, and Philippine law.
Should the SECURITY DEPOSIT prove insufficient to fully settle the LESSEE’s liabilities with
the LESSOR, the LESSEE is obliged to settle any outstanding liabilities in cash upon demand
by LESSOR.

The Security Deposit shall be returned to the LESSEE, less whatever amounts the LESSEE
may owe the LESSOR under this Contract or which the LESSOR may apply against the
Security Deposit as set forth in the immediately preceding paragraph, within (60) days from the
date of termination of this Contract, or the delivery date of the LEASED PREMISES to the
LESSOR, whichever is later.

For the avoidance of doubt, under no circumstances shall the LESSEE use the SECURITY
DEPOSIT as payment against rentals owed to LESSOR. Should such an event occur, the
LESSEE is considered to be in default if the rents owed are not settled prior to the LATEST
PAYMENT DATE as stipulated under Schedule One.

4) PRETERMINATION The LESSEE guarantees that he will not terminate this Contract for
the first twelve months’ period of the lease. However, if for whatever reason LESSEE pre-
terminates at any time, the LESSEE will forfeit the remainder of any unused advance rental and
two (2) months rental equivalent comprising the SECURITY DEPOSIT.

5) WATER, ELECTRICITY AND OTHER UTILITIES – All utilities services, such as water,
electricity, internet, cable TV, among others, are contracted by the LESSEE under the
LESSEE’s name and obligations. The LESSEE is therefore responsible for all payments, and
should make good all outstanding liabilities.

For the avoidance of doubt, the LESSEE should ensure and warrant to LESSOR that they shall
not do, or cause to prevent the LESSOR or any future lessees, to contract similar utilities
services arising from LESSEE’s failure to settle their liabilities with any of the utilities services
companies. Any outstanding liabilities of the LESSEE should be settled on demand, otherwise
the remaining balances shall attract a penalty rate equivalent to THREE percent (3%) for each
month, compounded monthly until the full amount is fully paid.

6) RESIDENTIAL PURPOSE – Only up to FOUR ( 4 ) persons, duly registered as

residents with LESSOR and ALVEO LAND OPERATION MANAGEMENT, whose identities are
verified as shown in ANNEX “C” by certified copies of their passports, are allowed to reside or
occupy the LEASED PREMISES at any time.

Any changes, or substitutions of registered residents should be notified to LESSOR and ALVEO
LAND OPERATION MANAGEMENT before any of the proposed replacement residents are
allowed to reside or occupy the LEASED PREMISES.

A.) For the avoidance of any doubt, sub-letting, sub-contracting, or any short- or long-term
occupancy, other than covered under this Contract, constitute a violation of the HOUSE
RULES set out by the ALVEO LAND OPERATION MANAGEMENT.

B.) Any violations by LESSEE shall constitute grounds for immediate termination of this
agreement by LESSOR, with the LESSEE deemed in default, thereby forfeiting their
SECURITY DEPOSIT and any unused rental payments.

C.) Additionally, the LESSEE shall be liable for any penalties imposed by ALVEO LAND
OPERATION MANAGEMENT, as stipulated under the HOUSE RULES that the
management may promulgate, revise, or notify from time to time.

7) HOUSE RULES – The LESSEE agrees to abide by the existing rules and regulations
promulgated by ALVEO LAND OPERATIONS MANAGEMENT, as well as pertinent rules and
regulations of the City of Makati affecting and governing the LEASED PREMISES.

8) FIRE HAZARD, HAZARDOUS, or OBNOXIOUS SUBSTANCES – The LESSEE shall

not keep, deposit, or store in the LEASED PREMISES any prohibited drugs, hazardous,
obnoxious substances, or inflammable material, among others, that might constitute a fire or
health hazard.

9) IMPROVEMENT – The LESSEE shall not make any major or structural changes,
alterations and improvements in the LEASED PREMISES without the written consent of the
LESSOR. Any improvement undertaken by the LEASED PREMISES shall, upon the termination
of this Contract, be removed by the LESSEE at LESSEE’s cost.
Any damage to, or defacement of walls, or any parts of the LEASED PREMISES shall be
remediated to its original tenantable state at the costs of the LESSEE.

Any improvements allowed by LESSOR shall automatically become the property of the
LESSOR without any obligation on the LESSOR’s part to pay or refund any cost to the
LESSEE.

The LESSEE is not allowed to use nails on the walls for hanging frames or decorations that
would damage the wall surfaces.

10) SANITATION AND REPAIRS –The LESSEE warrants that he has inspected the
LEASED PREMISES prior to occupancy and has found the same to be in good tenantable
condition. The LESSEE shall keep the LEASED PREMISES in clean, sanitary, and tenantable
condition at all time.

11) PROVISION FOR FURNITURE AND APPLIANCES – The LESSOR shall provide the
LESSEE with the furniture, appliances, equipment and fixtures enumerated in Annex “B” of this
Contract, which shall form an integral part of the LEASED PREMISES. The LESSEE hereby
agrees that all such furniture, equipment, appliances and fixtures are in good operating
condition and shall be returned in the same operational condition to the LESSOR, allowing for
ordinary wear and tear.

The LESSEE agrees to pay for any damages to the furniture and appliance.

The authorized managing agent, as appointed by the LESSOR and introduced to the LESSEE,
must be provided access to the LEASED PREMISES once a month to inspect the condition of
the unit.

12) THIRD PARTY LIABILITY – During the effectivity of this Contract, the LESSEE shall
hold the LESSOR free and harmless from any damage, liability or responsibility to any person or
property arising out of or as a consequence of the fault or negligence of the LESSEE, his
agents, employees, domestic helps and guests in the use of the Leased Premises.

13) TAXES, INSURANCE AND DUES – The LESSOR shall be solely responsible for
payment of local and property taxes, and Philippine government levies on the LEASED
PREMISES.

Fire insurance charges on the LEASED PREMISES, which shall cover all items listed in Annex
“B” (inventory of furniture, fixtures, equipment) of this Contract, shall be for the account of the
LESSOR.

The LESSEE shall have the sole responsibility to ensure his personal effects, property,
furnishings, appliances, equipment, fixtures and other articles that the LESSEE will introduce to
or bring, store or situate in the LEASED PREMISES.

14) SUBLEASE – The LESSEE shall not sub-lease, transfer, assign or in any manner
alienate the leasehold rights over the Leased Premises or any part hereof, without the prior
written consent of the LESSOR. Any violation of this restriction shall cause the LESSEE to be
subjected to penalties under the HOUSE RULES, and give the LESSOR the prerogative to
terminate this Contract subject to the conditions stipulated under Section 6.

15) SALE, TRANSFER AND MORTGAGE – In the event of a sale, transfer, mortgage or
any other encumbrance affecting the LEASED PREMISES, the LESSOR shall notify the
LESSEE of said transaction and shall undertake to effect an orderly transfer to the new
owner(s).

16) RIGHT TO ENTER LEASED PREMISES – The LESSOR reserves the right to enter and
inspect the premises at a reasonable time of the day and subject to prior notice to the LESSEE
given at least 24 hours in advance. If the LESSEE does not signify its intention to renew this
Contract in accordance with Section 1 hereof, the LESSOR may show the unit to prospective
tenants during the last 30 days of the Term at reasonable hours and with prior notice given at
least 24 hours in advance.

17) RETURN OF PREMISES – Upon termination of this Contract, the LESSEE shall
immediately vacate the LEASED PREMISES and return possession thereof to the LESSOR.
The LESSEE shall return the LEASED PREMISES in the same tenantable condition as at the
start of the LEASE PERIOD.

Any costs of repairs, or remediation of damages caused by LESSEE or their guests, employees,
or dependents, will be for the account of LESSEE.

Such repairs may include, but does not exclude any others not specifically stipulated, damages
to walls from nails, furniture and appliances in ANNEX “B”, broken windows, accessories in
kitchen or toilet and baths.

18) GOVERNING LAW AND VENUE – This Contract shall be construed, interpreted and
implemented in accordance with Philippine laws. The venue of any suit or action arising out of
or in connection with this Contract shall be in Metro Manila, Philippines, at the LESSOR’s
discretion.

Any disagreements, conflicts, or disputes, are to be settled amicably in the first instance, with
recourse to legal actions taken only as a last resort.

19) NO WAIVER– Failure of the LESSOR or the LESSEE to insist on one or more instances
on the strict performance of any of the covenants contained in this Contract or to exercise any
option or remedy herein contained shall not be construed as abandonment, cancellation or
waiver of such covenant, remedy or option. No waiver or consent shall be deemed to have been
made unless expressed in writing and signed by the party giving the waiver or consent.

20) AMENDMENTS - No amendment to this Contract shall be valid unless the same is
reduced in writing and signed by the parties hereto.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this ___________
at ______ City Philippines.

LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

______________________ ______________________

AC K N O W L E D G E M E N T

REPUBLIC OF THE PHILIPPINES )

__________CITY, METRO MANILA ) S.S.

BEFORE ME, a Notary Public for and in the above-named locality personally appeared;

Name Proof of Competent Identification Issued On/At

Known to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledged to me that the same is their free and voluntary act and deed. This
instrument consists of five (5) pages, signed by the parties and their instrumental witnesses at
the dispositive portion of this page and at the left hand margin of all the other pages.

WITNESS MY HAND AND SEAL this ______day of __________ 2019, in

_______________, Metro Manila, Philippines.

Notary Public
Doc. No.__________
Page No.__________
Book No.__________
Series of 2019.

ANNEX A
General House Rules:

• Do not invite new acquaintances from the malls, streets or bars, into our home for everyone's
safety and security. No unregistered overnight visitors or workers.
• Guests are responsible for their own belongings as well as for any damage to property or
accident that may occur during their stay. Loss or damage to property will be charged against
the security deposit.
• Strictly No Smoking, Drugs and Pets in the unit. A fine of 30000 PhP will be charge against
your security deposit if you violate this rule.
• We only provide 1 key set. Please do not duplicate or lose them. We will charge an additional
1500 PhP per piece of key lost from the keys set. If you lose the whole key set, we will charge
the full amount of the security deposit as these will also endanger our unit in the future.
• There will do a complete inventory of the items in the flat. Any damages or missing items will
be deducted from your security deposit or charged to you. We reserve the right to claim full
security deposit should you check out without our knowledge and the presence of the
authorized representative in the unit.
• Out of respect for our neighbors, no loud music or noisy parties please. Please do not bother
them by knocking on their doors or ringing their doorbells. Please adhere all condominium rules
and respect the building management with their decisions.

Living Space and Bedroom:

• Close all balcony doors (if any) when not in use or when outside the unit. Turn off air-
conditioners when not in use or when not in the unit. Best to close the window blinds/curtains
where the hot setting afternoon sun enters the rooms. If you plan to be out all day, please close
window blinds/curtains before you leave for the day.
• Furniture: Please do not re-arrange without our assistance.
• We expect guests to maintain the unit in a very tidy manner.

Kitchen:
• Please remove trash on a daily basis. Garbage collection points are either in Basement or in
the garbage shoot of the floor, please ask the condominium receptionist if unsure. Clean the
stove and the rest of the kitchen items of any food stain/drops immediately after use.

Communication:
• We encourage you to be polite and respectful when you communicate with the Managing
Agent. If there are problems in the condo, kindly contact the Managing Agent immediately to
help you solve it. We know that not all houses are perfectly fitted to your needs but we are
always happy to help.
• Enjoy your stay and do not hesitate to contact us with any concerns or requests, we'll try our
best to accommodate you.
 ANNEX B

Inventory List

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_ ____________________
_____________________________

LESSOR LESSEE