SIMACOR MANSION

3232 R. Magsaysay Blvd.,

Sta. Mesa, Manila

CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into by and between:

_________________ represented by attorney-in-fact/administrator

_______________________, (hereinafter referred to as the "LESSOR"); - and -
_______________________________, of legal age, Filipino, (single / married / widow), and a
resident of _____________________________, Philippines, (hereinafter referred to as the
"LESSEE");

WITNESSETH:

WHEREAS, the LESSEE desires to occupy Unit _____ and the LESSOR is willing to lease the
same unto the LESSEE, subject to the terms and conditions herein below set forth.

NOW, THEREFORE, for and in consideration of the foregoing premises and the covenants
hereinafter stipulated, the parties hereby agree as follows:

1. Term: This lease shall be for a duration of _________ (____) year commencing from
_____________ and to end on _____________, renewable at the option of the LESSEE
at such new terms and conditions as may be agreed upon by the parties.

2. Rental: The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos:
__________________________ (P_____________), Philippine currency subject to a
maximum ten (10%) yearly escalation and adjustment. Upon signing of this Contract of
Lease, the LESSEE shall pay the LESSOR two (2) months rental in deposit and one (1)
month advance rental. Further, the LESSEE shall deposit P2,000.00 for MERALCO
deposit and P1,500.00 for water utility deposit.

3. Deposit: The two (2) months deposit will be used to guarantee the payment of any damage
to the leased premises, unpaid utilities and other obligations to third parties by the
LESSEE during the term of the agreement, which deposit shall bear no interest. Unless
 applied to said damages, unpaid utilities and other obligations to third parties, said deposit
shall be returned to the LESSEE within fifteen (15) days after the termination of this
agreement: Provided, however, that the deposit cannot be applied to unpaid back rentals
owed by the LESSEE prior to the expiration of this agreement. Furthermore, if the LESSEE
vacates the premises before the expiration of the period of lease, the total amount of the
deposit shall be forfeited in favor of the LESSOR.

4. Use of the Premises: The premises shall be used exclusively for residential purposes
only of the LESSEE and the immediate family of up to only four (4) members and shall
not in any way be used for any illegal or unlawful activity or to keep materials, bring entry
into the building any kind of prohibited drugs, chemicals and install installations that may
be considered as fire hazards or nuisance to the building. Further, the LESSEE shall not
hang anything (laundry, dirty rags or any eyesore) outside the windows or along the
balcony and hallway as applicable. The LESSEE shall adhere to maintain a quiet and
peaceful atmosphere in his/her rented unit at all times. Loud music, shouting and other
loud noises are not allowed. To maintain peace and harmony among tenants of the other
units pet are not allowed.

5. Improvements: The LESSEE shall not make any alteration, structural changes or
improvement in the leased premises without the prior written consent of the LESSOR.
However, at the termination of the lease, the same not having been renewed by the
parties, the LESSEE shall restore the leased premises in its original state existing at the
commencement of the agreement. Restoration of the LEASED PREMISES shall be for
the exclusive account of the LESSEE. Any improvement after the lease is terminated and
after the LESSEE shall have vacated the premises shall belong to the LESSOR.

6. Facilities: All charges for water, electricity, telephone, association dues and other public
utilities used in the leased premises as well as janitorial and security services or any other
charges as may be imposed by the owner of the building shall be for the account of the
LESSEE. The LESSEE hereby guarantee the prompt payment of any and all charges
heretofore mentioned as they fall due. Any delay in the payment thereof shall constitute a
material breach of this agreement.

7. Commercial Units: The LESSEE shall ask for the permission of the LESSOR in writing
to put signs and advertisement on the exterior of the leased unit and to undertake without
causing any damage or injury to the building structure. Should the LESSEE cause damage
to the façade of the building make the necessary and appropriate repairs within five (5)
days from demand, failure to do so would forfeit the deposits up to the cost of the damage.

The LESSEE shall pay all business taxes, licenses and assessments as applicable for
their business.

8. Insurance: The LESSOR shall obtain the written consent of the LESSOR prior to taking
any property/fire insurance or increasing any existing insurance coverage in the leased
premises. Should the LESSOR approve the request of the LESSEE it should be for the
account of the said LESSEE. In case the leased premises be damaged by fire,
 earthquake, storm or any fortuitous events to the extent that the same be rendered
untenable this agreement shall be automatically canceled and the deposit as well as the
unused portion of the advance rentals be refunded within fifteen (15) days, minus any
unpaid obligation.

9. Repairs: The LESSEE shall, during the duration of the lease, make all minor repairs on
the leased premises to preserve the same in serviceable or tenantable conditions at the
LESSEE's expense except replacement of parts due to natural wear and tear. The
LESSEE, however, shall give advance written notice to the LESSOR of ten (10) days prior
to undertaking any minor repair. All damages caused to the leased premises due to the
fault, misuse, carelessness, and/or negligence or on account of the use thereof by the
LESSEE and other occupants therein shall be made good and repaired by the LESSEE.
Should the LESSEE fail to make the necessary and appropriate repairs within five (5)
days from demand, the LESSOR shall undertake the needed repairs and shall charge the
costs thereof to the LESSEE.

10. Inspection of the Premises: To ensure that the leased premises is being maintained in
good and tenantable conditions, the LESSOR or his authorized representative is hereby
given the right after due notice, to enter and inspect any part of the leased premises during
reasonable hours and as the occasion thereof might require.

11. Assignment and Sub-Lease: The LESSEE hereby shall have no right to assign or
transfer its rights, interest and obligations under the lease contract or sub-lease contract
premises or any portion thereof to any person or entity. Once a sub-lease is discovered,
the LESSOR or her representative has the right to demand to LESSEE to vacate the
rented unit within fifteen (15) days from notice. It shall be considered as a material breach
of this contract and the total amount of the deposit shall be forfeited in favor of the
LESSOR.

12. Injury or Damage: The LESSEE hereby assumes the full responsibility for any damage
which may be caused to the person or property of any third person in the leased premises
during the duration of the lease. LESSEE further binds himself to hold the LESSOR free
and harmless from damages as a result thereof, unless such damage or liability arose out
of structural or other inherent defects in the leased premises or is due to the fault of the
LESSOR, his agent or representatives. Further, the LESSOR is free from any liability
resulting to loss of valuables inside the leased premises due to the negligence and fault
of the LESSEE.

13. Hazardous and Prohibited Materials: The LESSEE shall not keep or store in the lease
premise any hazardous and obnoxious substance or inflammable material or substance
that might constitute a fire hazard or other chemicals and materials or prohibitive drugs in
violations of the laws of the Philippines.

14. Rules and Regulations: The LESSEE binds himself to comply with the existing rules and
regulations promulgated by the building administrator and/or association and any other
environmental or other laws, ordinances, rules and regulations applicable to the leased
premises.
15. Violations: The LESSOR may, at this options, consider this agreement automatically
rescinded and canceled, without need of any court action, upon fifteen (15) day-notice
given to the LESSEE based on any of the following grounds:

a. Failure of the LESSEE to pay two (2) months rental and other bills or
charges therefore mentioned as they fall due for any reason
whatsoever within the period to pay.

b. For any violation made by the LESSEE or its agents and

representatives of any of the terms and conditions stipulated in this
contract.

c. In case the leased premises shall be vacated or abandoned for a period

of thirty (30) days without prior written notice to the LESSOR.
Consequently, the LESSOR is hereby permitted authorized by the
LESSEE to enter the premises, either by force or otherwise, without
being liable to prosecution therefor.

Upon termination of the contact of lease based on any of the foregoing

grounds and upon demand, the LESSEE shall immediately vacate and
peacefully surrender possession of the lease premises to the LESSOR or his
duly authorize representative.

16. Remedies: In addition to the provisions in the preceeding paragraph, the LESSEE hereby
acknowledges and recognizes the right of the LESSOR to avail or resort to any or all of
the following remedial measures without need of court action:

a. In case of failure of the LESSEE to pay or settle any due and unpaid
obligations (rentals, electricity, water, telephone, cable, internet, etc.) as
provided for under this lease contract, the LESSEE hereby authorizes the
LESSOR, who is hereby given the right, to disconnect all facilities such as
but not limited to disconnect all facilities such as but not limited to electricity,
water, telephone, cable, and internet in the leased premises without need
of further notice to the LESSEE.

b. Likewise, until the aforesaid unpaid obligations are paid or settled, the
LESSEE hereby given the rights, to re-renter the lease premises,
remove all persons therefrom, take possession of any of all furniture,
fixtures and equipment found thereon or therein and/or padlocked the
door of the premises.

c. Moreover, by way of a security or to secure the payment of any of the

unpaid obligations of the LESSEE, the LESSEE consents and
authorizes the LESSOR to retain possession of any of all the furniture,
fixtures and equipment that may found on the premises as belongings
 to the LESSEE until such time that all the unpaid obligations of the
LESSEE are paid or settled.

d. If after fifteen (15) days from the date the LESSOR shall have taken
possession of the aforesaid furniture, fixtures and equipment by way of
security, the LESSEE still fails to pay or settle its unpaid obligations to
the LESSOR the LESSEE hereby consents and authorizes the
LESSOR to sell by way of public or private sale any or all the furniture's
fixtures equipment as may be sufficient to pay or settle the lessee's
unpaid obligations plus the accrued interests and attorney's fee
equivalent to 25% of the total amount due and unpaid. All expenses
that may be incurred in the sale shall be for the account of the LESSEE.

The above enumerated remedies of the LESSOR shall not be

exclusive, but shall be cumulative and without prejudice to any court action
that may be instituted by the LESSOR for any causes of action that may
arise under this contract of lease.

17. Attorney's Fee: In case the LESSOR resorts to judicial action based upon or in
connection with this lease contract, the LESSEE hereby agrees to pay attorney's fee
equivalent to twenty-five (25%) percent of the total amount involved or claimed by the
LESSOR as against the LESSEE plus all court expenses and/or costs of litigation.

18. Venue: All court actions from this contact of lease shall be filed only in the proper courts
of Manila, Philippines to exclusion of all other courts.

19. Waiver: Any waiver by the LESSOR of a breach of any term, covenant or condition herein
contained, whether express or implied, shall not constitute of a waiver of any subsequent
breach thereof, or a breach of covenant to pay the rent so accepted. No waiver by the
LESSOR shall be deemed to have been made unless expressed in writing and signed by
the LESSOR.

IN WITNESS WHEREOF, the parties have hereunto set their hands, this ___________ at
Manila, Philippines.

_________________________ ______________________
LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

__________________ _________________
 ACKNOWLEDGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

___________________ ______________ __________________

___________________ ______________ __________________

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 6 page/s, 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 2019.