CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

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

LOLITA PAULO- OROZCO, of legal age, married to SANTIAGO B. OROZCO, Filipino and with
residence and postal address at 639 Z-6 Marupit, Camaligan, Camarines Sur, Philippines,
hereinafter referred to as the "LESSOR";

- and -

HECTOR S. ALCANTARA, of legal age, Filipino, and with residence and postal address at 16B
Don Filipe Street Pilar Ville Subdivision Tandang Sora, Quezon City, Philippines hereinafter
referred to as the "LESSEE";

WITNESSETH:

WHEREAS, the LESSOR is the owner of an apartment unit located at Z- 6 Marupit, Camaligan,
Camarines Sur more particularly described as
TRANSFER CERTIFICATE OF TITLE NO. T-40799-

A parcel of land with Two Storey containing an area of TWO HUNDRED EIGHTY-THREE
(283) SQUARE METERS. All points are marked on the ground by P.S Cyl. Conc. Mens. 15 x
40cm.; Bounded on the SE., along line 1-2 by Provincial Road, ( 15.00 m. wide); on the SW.,
along line 2-3 by Lot 1997-F, Csd-051709-009563-D; on the NW., along line 3-4 by Lot 1993,
Cad-516-D; and on the NE., along line 4-1 by Lot 1997-D, Csd-051709-009563-D.

WHEREAS, the LESSEE desires to occupy one storey apartment 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 one (1) year commencing from 09 Feb 2021 and
to end on 10 Feb 2022 , renewable at the option of the LESSEE at such new terms and
conditions as may agreed upon by the parties;

2. Rental: The LESSEE agrees to pay the LESSOR a total of Twenty Seven Thousand pesos cash
(27,000) and seven postdated check for the months from March to December 2021. The
aforesaid cash amount shall represent the one month rental and the two months advance rental
intended to cover the possible unsettled obligation upon termination of this contract. Likewise,
the lessee shall pay the bill they consumed for electricity, telephone, water, etc.;

3. 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 or employee if any, which should
not exceed more than ten persons 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;

4. 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

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LESSEE. Any necessary improvement made by the lessee shall be part of the leased
premises and should not be removed by the lessee;

5. Insurance: The LESSOR shall insure the leased premises against fortuitous events.
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 any unpaid
obligation, upon payment by the insurance company of the amount due to the owner for such
damages;

6. 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;

7. 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;

8. 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 without the prior written consent of the
LESSOR;

9. 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;

10. 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;

11. 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;

12. Rules and Regulations: The LESSEE binds himself to comply with the existing rules and
regulations promulgated by the Lessee and any other environmental or other laws, ordinances,
rules and regulations applicable to the leased premises;

13. 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 advance 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,

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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 authorized by
the LESSEE to enter the premises, either by force or otherwise, without being liable to
prosecution therefor; and

d. Upon termination of the contact of lease based on any of the foregoing grounds and upon
demand, the LESSEE shall immediately vacated and peacefully surrender possession of the
lease premises to the LESSOR or his duly authorize representative.

14. Remedies: In addition to the provisions of the preceding 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, association dues 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, and

b. By way of a security or to secure the payment of any of the unpaid obligations , 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 that belongs to the LESSEE proportionate to the
value of the unpaid obligation, until such time that all the unpaid obligations of the later are
paid or settled which should be undertaken with in Thirty days from the termination of this
contract, otherwise such personal properties shall be forfeited in favor of the lessor.

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

LOLITA PAULO- OROZCO HECTOR S. ALCANTARA

__________________ _________________

Witness Witness

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 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) SS.

BEFORE ME, a Notary Public for and in the City of Naga, personally appeared:

Name Identification Card no. Date/Place Issued

LOLITA PAULO- OROZCO __________________ ________________

HECTOR S. ALCANTARA __________________ ________________

Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same are their free act and voluntary deed.

This instrument, consisting of (4) pages, including the page on which this acknowledgment is
written, has been signed on the left margin of each and every page thereof by the concerned
parties and their witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL on this_____day of______________20__ at Naga City.

Doc. No.___ ;

Page No.___ ;

Book No___.;

Series of 20__.

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