LEASE CONTRACT

This CONTRACT OF LEASE is made and executed at Rosario, Pasig this 25th of November 2019, by and between:

Czareanah S. Sarmiento, of legal age, Filipino, and with residence and postal address at 36 Ruby Street Dona
Juliana Village Ortigas Extension Rosario, Pasig City, hereinafter referred to as the LESSOR.
-AND-

Noel Callosa, of legal age, Filipino and with residence and postal address at 8 Roxas St Bankers Village Antipolo,
hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a residential property situated at Lot 7 Block 3
Flamingo Lane Subdivision Barangay San Roque, Antipolo, Rizal.

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 residential 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 November 25, 2019 to November 24, 2020 inclusive. Upon its
expiration, this lease may be renewed under such terms and conditions as may 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 (30) 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 in PESOS: Ten Thousand Pesos
(P10,000.00), Philippine Currency. All rental payments shall be payable to the account of 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 TWO (2) MONTHS or the sum of PESOS: Twenty Thousand (P20,000.00), Philippine
Currency. wherein the one (1) month advance shall be applied as advance rent and the remaining one (1) month
deposit shall answer partially for damages and any other obligations, for utilities such as Water, Electricity, Telephone or
resulting from violation(s) of any of the provision of this contract. The remaining amount after payment of obligations will be
refunded to lessor at least a month after bills are sent when contract is ended and completed.

5. DEFAULT PAYMENT: In case of default by the LESSEE in the payment of the rent, such as when the checks are
dishonored, or when payment is late by 30 days after due date of every 5th of each month, 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 One (1) month 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, allow or permit the leased premises to be occupied in
whole or in part by any person, form or corporation, neither shall the LESSEE assign its rights hereunder to any other
person or entity and no right of interest thereto or therein shall be conferred on or vested in anyone by the LESSEE without
the LESSOR'S written approval.
7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV, water, Internet, Homeowners
Association dues and other public services and utilities during the duration of the lease.

8. PRE-TERMINATION: In the event that the term of the contract is discontinued by the LESSEE before the expiration of
the contract, then the one month deposit will not be refundable.

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. Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at the
latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay rent therefrom at the same
rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall have complied with the terms hereof. The same
penalty shall be imposed in case the LESSEE fails to leave the premises after the expiration of this Contract of Lease or
termination for any reason whatsoever.

12. RENOVATION. Any fixed improvement or renovation on the property that the LESSEE initiated and whose costs were
shouldered by the LESSEE shall be expressly permitted by the LESSOR and shall not be removed by the LESSEE upon
expiration of the contract and upon moving out of the leased property.

13. ESCALATION OF RENT. Upon contract renewal, LESSOR will provide new contract with the escalated rental amount
of 2% of previous monthly rent or at a rate that is upon agreement of both parties.

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

CZAREANAH SARMIENTO NOEL CALLOSA

Republic of the Philippines)

SUBSCRIBED AND SWORN to before me, this ____ day of ______________, 20___ in ___________________ City, with affiant exhibiting his CTC
No. _______________ ,
Issued on ______________________ at _________________________.

Doc. No. : ________;