COMMERCIAL LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT TO LEASE entered into this ________ day of __________, 20___ in

______________________, Philippines by and between:

____________________, Filipino, of legal age, married to _______________, and

resident of ______________________________ hereinafter referred to as the
LESSOR.

And

____________________, Filipino, of legal age, married to _______________, and

resident of ______________________________ hereinafter referred to as the
LESSEE.

WITNESSETH:

WHEREASE, the LESSOR is the absolute owner of premises located at

___________________________________ and covered by the __________________________
attached as Annex A of this Lease Contract.

WHEREASE, the LESSEE, desires to lease the above-mentioned premises and the LESSOR
is willing to lease the same to the LESSEE subject to the terms and conditions stipulated below.

NOW, THEREFORE, for and in consideration of the foregoing, the LESSOR has let and
leased to the LESSEE the subject real property, and the LESSEE hereby accepts the same by way
of lease, according to the following terms and conditions:

A. LEASE TERM AND RENT

1. TERM OF LEASE. This Lease Contract shall be for a period of ____________________

commenting from __________________ to ____________________.

2. RENT. The rental of the lease premises throughout the period of lease shall be
_____________________ Pesos (Php _____________) per month, to be paid by the
LESSEE at the office of the LESSOR on or before the _____ day of each and every
month without need of demand from the LESSOR, plus __________ per centum
(________) surcharge per month for payment of rentals made after the monthly due
date.
 3. DEPOSIT. Upon signing of this Lease Contract, the LESSEE shall provide the LESSOR a
deposit of ______________________ Pesos (Php __________). Such deposit may be
applied to damages incurred in the leased premises through the fault of negligence
of the LESSEE, the LESSEE’s employees, agents, or other persons entering the leased
premises. At the option of the LESSOR, any such damages shall be deducted from
this deposit, and the balance if any shall be refunded to the LESSEE, normal wear
exempted.

B. USE AND MAINTENANCE OF LEASED PREMISES

4. USE OF THE LEASED PREMISES. The leased premises shall be used by the LESSEE for
the purpose of _____________________ only. The LESSEE is prohibited from using
the leased premises for any other purpose or business without the prior written
consent of the LESSOR. The LESSEE shall not do or permit any disturbing noise or any
other thing which will interfere with the rights, comfort, or convenience of the other
tenants. No machinery, office furniture, or other equipment may be brought into the
building during office hours without the prior written approval of the LESSOR.

5. MAINTENANCE AND UTILITIES. Payment of all utility bills (such as electric and
telephone bills and condominium association dues) and other normal maintenance
costs of the leased premises shall be for the account of the LESSEE. Repairs to the
utility service system shall be made by the LESSOR but shall also be for the account
of the LESSEE. The LESSOR shall not be liable for the failure of the water supply
and/or electric current to the leased premises.

6. SANITATION OF LEASED PREMISE. The LESSEE shall comply with all sanitary rules
and safety regulations which may be provided from time to time by the LESSOR. The
LESSEE shall keep and maintain the lease premises in clean and sanitary condition,
including disposing of all rubbish only thru the means and places indicated by the
LESSOR for such purpose. The LESSEE shall be responsible for the elimination of any
and all bugs, vermin, ants and other insects from the leased premises.

7. FIRE HAZARDS AND OBNOXIOUS SUBSTANCES. The LESSEE shall not bring into or
store in the leased premises any inflammable or explosive goods or materials, nor
any article which may expose the leased premises to fire or increase the fire hazard
of the building or otherwise increase the rate of insurance of the building, nor any
obnoxious substance or article of a similar nature which the LESSOR may prohibit.
Neither shall the LESSOR do or cause to be done any act or thing which will likewise
increase the fire hazard of fire insurance of the building.
 8. CONDITION OF LEASED PREMISES, REPAIRS & IMPROVEMENTS. The LESSEE
acknowledges that the leased premises are in good and tenantable condition and
agrees to keep the same in such a good and tenantable condition. Any provision of
the law present or future or any stipulation in this agreement to the contrary
notwithstanding, the LESSEE shall undertake at the LESSEE’S exclusive expense, all
repairs, necessary or otherwise that may be required to maintain the expenses in a
good state of repair. The LESSEE shall not conduct any repair work nor in any case
introduce improvements or make any alterations in the leased premises, including
alterations or changes in the electrical or plumbing installations, without the prior
written consent of the LESSOR. Any and all improvements or alterations of
whatsoever nature that may be made shall, upon completion thereof, form integral
part of the leased premises, may not be removed there from, and belong to and
become the exclusive property of the LESSOR, without any right on the part of the
LESSEE to the reimbursement of the cost or value thereof.

9. INSPECTION OF LEASES PREMISES. The LESSOR or LESSOR’s duly authorized

representatives shall have the right to inspect the leased premises at any reasonable
hour of the day, subject to three (3) days advance notice to the LESSEE through the
telephone or written note.

C. LIABILITIES OF, AND LIMITATION ON, PARTIES

10. BREACH BY LESSEE. Any violation by the LESSEE of the terms and conditions of this
Lease Contract shall be sufficient ground for the termination and revocation of this
Lease Contract.

11. THIRD-PARTY LIABILITY. The LESSEE shall be responsible at all times for all acts done
by the LESSEE’s agents, employees, or other persons entering the leased premises
insofar as the enforcement of the provisions of this Lease Contract is concerned. Any
damage or injury to the leased premises due to the fault of the LESSEE, the LESSEE’s
agents, employees, or other persons entering the leased premises shall be repaired
promptly by the LESSEE at the LESSEE’s expense.

12. SUBLEASE AND ASSIGNMENT. The LESSEE shall not directly or indirectly sublease,
assign, transfer, convey, mortgage or in any way encumber the LESSEE’s right of
lease over the leased premises or any portion thereof under any circumstances
whatsoever; and any contract that may be made in violation of this clause shall be
null and void.
 13. PARTICULAR LIMITATIONS ON USE. The LESSEE shall not permit or consent to any
other person or entity advertising as if that person or entity uses, hold office, or is
otherwise established at the leased premises or any part thereof. Only the name and
nomenclature as written in the Contract of Lease shall be placed in the Building
Directory and advertised at the entrance of the leased premises, after previous
written approval is obtained from the LESSOR. No sign or advertisement may be
placed in the leased premises other than the entrance such. The LESSEE shall not put
up, paint, or inscribe any signboard in or outside the leased premises nor in any
portion of the property of the LESSOR without the previous written consent of the
latter.

D. RENEWAL & TERMINATION OF LEASE

14. RENEWAL. This Lease Contract shall be renewed only upon terms and conditions
mutually agreed to by both parties. The LESSEE must provide in writing at least thirty
(30) days in advance of termination, written notice to the LESSOR of the LESSEE’s
desire to renew the Lease Contract, if such be the case.

15. TERMINATION BY LESSOR. If the rent or any part thereof, at any time, shall be in
arrears or unpaid; or if the LESSEE at any time fails or neglects to perform or comply
with any of the covenants, conditions, agreements or restrictions stipulated; or if the
LESSEE becomes insolvent; then and in any such above case, this Lease Contract may
be unilaterally be terminated and the leased premises shall be vacated peacefully by
the LESSEE upon demand of the LESSOR. Furthermore and in such event, the LESSOR
or any person or persons duly authorized in the LESSOR’s behalf, may without any
formal notice or demand enter into and upon the leased premises or any part
thereof, without prejudice to any other right or remedy that the LESSOR may legally
exercise. In such cases and upon receipt of the LESSOR’s demand to vacate the
leased premises, the LESSEE shall immediately grant the LESSOR the legal right to
take immediate possession of the leased premises without need to further legal
action.

16. HOLD-OVER OCCUPANCY. After this Lease of Contract has terminated for any reason
whatsoever, if the LESSEE continues to occupy the leased premises with the consent
of the LESSOR, such lease extension shall be understood as running from month to
month only, under the same terms and condition herein stipulated, and may be
terminated by either party by means of a written notice served upon the other party
of fifteen (15) days in advance prior to the date of such terminations.

17. RETURN OF LEASE PREMISES. The LESSEE, at the expiration of the term of the lease
or cancellation of this lease as herein provided, shall promptly deliver the lease
 premises to the LESSOR in as good as tenantable condition, in all respects, as the
same now are, reasonable wear and tear excepted, devoid of all occupations,
furniture, articles, and effects of any kind; provided, however, that non-compliance
of the LESSEE with the terms of this clause will give the LESSOR the right, at the
LESSOR’s option, to refuse to accept the delivery of the premises and to compel the
LESSEE to pay rent therefore at the same rate of rental as herein provided, plus 50%
additional sum penalty, until the LESSEE shall have complied with the terms hereof.
This same penalty shall likewise be imposed in case the LESSEE shall refuse to leave
the leased premises after the LESSEE’s right of lease has expired or been terminated
for any reasonable whatsoever.

E. CONTRACT ADMINISTRATION

18. DISPUTE RESOLUTION. In case of litigation arising from the provisions of this Lease
of Contract, the parties agree to submit to the jurisdiction of the proper court sitting
in ____________________________, to the exclusion of all other tribunals.

19. OTHER PROVISIONS. This Agreement will be governed by, construed, and enforced
in accordance with the laws of the Philippines. Any amendment or modification
thereto must be in writing and signed by the parties hereto. No waiver by a party to
any provision of this Contract shall be binding unless made expressly and in writing.
If one or more provisions of this Contract shall be held invalid, illegal, or
unenforceable, the remaining provisions shall remain in, and shall be given, full force
and effect.

IN WITNESS WHEREOF, the parties hereto have hereunto affixed their hands in
signature together with their instrumental witnesses on the date and place first above-
written.

_____________________                         _______________________
LESSOR                                               LESSEE

With my consent: With my consent:

 
___________________________ _______________________
SPOUSE OF LESSOR SPOUSE OF THE LESSEE

Signed in the presence of:

 
_____________________           _____________________
 ACKNOWLEDGMENT
 
Republic of the Philippines)
_____________________        ) SS.
 
BEFORE ME, a Notary Public in and in _______________ this _______ day of
_________________, 20__, personally appeared the following:
Name:                                      CTC No./              Date & Place Issue
                                                Passport No./
                                                ___________ I.D.
________________________          ________________   ________________________
                                                                             ________________________
 ________________________         ________________   ________________________
                                                                             ________________________
all known to me to be the same persons who executed by the foregoing instrument and they
acknowledged to me that the same is their free and voluntary act and deed as well as that of
the corporations that respectively represent.
WITHNESS MY HAND AND SEAL in the place and on the date first above written.
Doc. No. _______;                     
Page No. _______;                    
Book No. ______;
Series of _______.