CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract made and entered into by and between:

MARK D. LIM, of legal age, married, Filipino Citizen, with residence and postal address at
Brgy. Duhat Sta. Cruz, Laguna, hereinafter referred to as the LESSOR;

-and-

AGUSTIN M. CANONON, of legal age, married, Filipino Citizen, with residence and
postal address at Brgy. Malinao, Sta. Cruz, Laguna.

-WITNESSETH-

That the LESSOR is the registered owner of a parcel of land, situated at Jasaan Sta.
Cruz, Laguna, Lot No. 3382, with an area of 2.1515 hectares, under Transfer Certificated od
Title No. CAD 278 and the LESSEE is desirous of leasing said parcel of land.

That the LESSOR hereby agree to lease unto the LESSEE a parcel of land for and in
consideration of the payment of the yearly rental and compliance with the following terms and
conditions:

1. That the period of lease shall be for one (1) year commencing on year commencing and
expiring on subject to renewal by mutual agreement of both parties;

2. That the rental for the leased premises shall be FIFTY KILOS (50) times FIFTEEN
CAVANS (15) PER HECTARES on rainy season and FIFTY KILOS (50) times
TWENTY CAVANS (20) PER HECTARES on dry season shall be paid on every
harvest.

3. That the leased premises shall be exclusively use for agricultural purposes only and the
LESSEE shall not sublease any portion thereof without the prior written consent of the
LESSOR;

4. That the LESSEE shall comply with any and all the ordinaces, regulations of the National
or Local Government authorities arising from us regarding the use, occupation and
sanitation of lease premises;

5. That the LESSEE shall not make any major structural changes, alterations or
improvements in the leased premises without the written consent of the LESSOR
however any major alterations or improvements made or introduced by the LESSEE in
the leased premises with the written consent of the LESSOR, upon termination of this
Contract, automatically inure to the benefit of the leased premises and become property
of the LESSOR without any obligation on the latters part to pay for its value or cost to
the LESSEE;

6. That the LESSSOR shall have the right to inspect the leased premises at any reasonable
hours of the day or night for any purpose, which they may deem necessary;

7. That the LESSEE shall not directly or indirectly sub-lease, assign or transfer its right
under this contract to a third party or parties without the consent in writting of the
LESSOR;

8. That in case of non-payment of the rental herein stipulated or violation of any condition
of this contract, the lease shall be considered rescinded, and the LESSOR shall have the
right to demand the LESSEE to vacate the premises;

9. That if the LESSEE desired to vacate the leased premises before the expiration of this
contract, he shall notify the LESSOR TWO (2) MONTHS prior to the date of vacation of
the leased premises. However, should the LESSEE likewise wishes to terminate the lease
within a period less than six (6) months from the execution of this contract, the advance
payment of Php5,000.00 shall be forfeited in favor of the LESSOR;

10. That the LESSEE shall be responsible for the observance of sanitary and electrical
regulatuons required or imposed by government authorities or its entities regarding the
use of the leased premises;

11. That the LESSEE shall not bring any inflammable or explosive substance or materials
nor any articlem which may expose the leased premises to fire hazard or any other
hazardous article, which may be prohibited by the LESSOR;

12. That the LESSEE, at the expiration of the term of this lease or cancellation thereof as
provided herein shall promptly vacate and deliver the leased premises to the LESSOR in
good and usable or habitable conditions.

IN WITNESS WHEREOF, we have hereunto affixed our signatures, on this at Sta. Cruz,
Laguna.



MARK D. LIM AGUSTIN M. CANONON
Lessor Lessee
CTC NO._______ CTC NO._______
Issued on_______ Issued on_______