CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

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

John Valdez - Cruz, of legal age, Filipino, married with residential address at
T2 Avida Towers San Lazaro, Sta. Cruz Manila, Philippines
hereinafter referred to as the "LESSOR
");

-and-

Liezel Sarmiento, of legal age, Filipino, single with residential address at CELADON PARK Tower 2, Sta.
Cruz Manila
hereinafter referred to as the "LESSEE ");

WITNESSETHthat:

, the LESSORis the owner of a 1 bedroom condominium unit/5F/T3 at Avida Towers

WHEREAS
Condominium, Felix Huertas st, Sta. Cruz Manila

WHEREAS , the LESSEE desires to occupy the above-named condominium unit and
the LESSOR is willing to lease the same unto the LESSEE, subject to the terms
and conditions hereinbelow 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 ONE (1) year commencing from December 12,
2024 and to ends on December 11, 2025, renewable at the option of the LESSEEat such new
terms and conditions as may be agreed upon by the parties. It also noted that move-in
schedule requested by the lessee shall be on November 25, 2024.

2. Rental:The LESSEE agrees to pay the LESSOR the monthly rental fee of Pesos: Sixteen
Thousand (₱16,000.00) Philippine currency. Upon signing of this Contract of Lease, the LESSEE
shall pay the LESSORone (1) month rental in advance, also deemed as reservation for the unit
(invoice attached).

3. Security Deposit:The Tenant agrees to pay a security deposit in the amount of Pesos: Sixteen
Thousand (₱16,000.00) Philippine currency upon move-inand commencement of the lease term.
This security deposit wi ll serve as collateral for any damages to the premises, unpaid rent, or other
charges that may arise during the tenancy. The security deposit shall be held by the Landlord and shall
not be applied to rent.

Upon termination of the lease, the Lessor will conduct a thorough inspection of the property. If the
premises are returned in good condition, normal wear and tear excepted, the full security deposit will be
refunded to the Lessee within thirty (30) days following the end of the lease. Any deductions from the
security deposit for repairs, cleaning, or damages will be itemized and provided to the Lessee in writing.

In the event of any damages or unpaid charges, the Lessor reserves the right to withhold an appropriate
amount from the security deposit to cover such costs. The Lessee shall remain liable for any remaining
balance due beyond the security deposit.

4. Association Dues: Association dues shall be covered by the Lessor.

5. Use of the Premises: The premises shall be used exclusively for residential purposes only of
the LESSEE and the immediate members of(his/her) family up to 4 pax in total, and shall not in
any way be used for any illegal or unlawful activity or to keep materials, chemicals and other
matters considered as fire hazards or nuisance to the building.

6. 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.

7. 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 building administrator of the condominium 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.

8. Insurance: The LESSOR shall insure the leased premises against fire. Should 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 thirty (30) 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 repairs done. Should the LESSEE fails 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 lease 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 assignor transfer its
rights, interest and obligations under the lease contractor sub-lease contract premises or any
portion thereof to any person or entity without the prior written consent of the LESSOR.

12. Injury or Damage: The LESSEE hereby assumes the full responsibility for any damage which
maybe 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.

13. Sale of Leased Premises: The LESSEE recognizes the right of the LESSOR to sell or otherwise
convey ownership of the leased premises to any other interested party, provided the LESSEE's
rights under the lease are respected.

14. 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.

15. 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.

16. Violations: The LESSOR may, at this options, consider this agreement automatically rescinded
and canceled, without need of any court action, upon ten (10) days 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 authorized representative.

17. Remedies: In addition to the provisions of the proceeding 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, 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,
telephone, water 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's 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's 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 ten (10) days from the date the LESSOR shall have taken possession of the aforesaid
furniture, fixtures and equipment byway 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 payor 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.

For purposes of selling the aforesaid properties, the LESSEE hereby irrevocably appoint the
LESSOR as its attorney-in-fact to sell and dispose of any or all of the aforesaid the property of
the LESSEE in a private or public sale at a price as may be determined to be just and reasonable
by the LESSOR and to apply the proceeds therefrom to any or all the unpaid obligations of the
LESSEE.

If the sale proceeds should proved to be inadequate to fully pay or settle the unpaid obligations
of the LESSEE, the LESSEEshall remain liable to the LESSOR for any of the deficiency.

Should the proceeds of the sale of any of the aforesaid properties be sufficient to pay or settle
all of the lessee's unpaid obligations, the LESSEE may get back its other properties not sold by
the LESSOR. If after thirty (30) days from written notice of the LESSOR directed to the last known
address of the LESSEE, the LESSEE still fails to get back the remaining properties, said
properties shall then be deemed abandoned in favor of the LESSOR.

The above enumerated remedies approved for by 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.
19. Venue:All court actions from this contact of lease shall be filed only in the proper
o Manila
courts18.
with this lease contract, the LESSEEhereby agrees to pay attorney's fee equivalent to
20. Time of FIVE
Essense:Time is the essence hereof any waiver by the LESSORof a breach of any
(5%) percent
term, covenant or condition herein contained, of theexpress
whether total amount involved
or implied, ornot
shall claimed by theof
constitute
LESSOR as against the LESSEE plus all court expenses and/or costs of litigation.
a waiver of any subsequent breach thereof, or a breach of covenant to pay the rent so accepted.
No waiver by the LESSORshall 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

fAttorney's Fee : In case

,Philippines the LESof
to exclusion SOR resorts
all other to judicial action base upon or in connection
courts.

EVELYN C. MOLINTAS REINIER NANGLEGAN

Lessor Lessee

SIGNEDINTHEPRESENCEOF:

GEORGE B. MOLINTAS

(ACKNOWLEDGMENT)