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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE, made and entered into, by and


between

Rick Sanchez, of Legal age, Filipino, married and with office address
at C-137 Oakwood St., Project 4, Quezon City, Philippines, hereinafter
referred to as Lessor,

-AND-

Madalyn Murray, of Legal age, Filipino, married and with office


address at 83 Pittsburgh St., Project 4, Quezon City, Philippines,
hereinafter referred to as Lessee.

WITNESSETH:

WHEREAS, the Lessor is the absolute owner of an apartment


located at 321 Flash St. Project 4, Quezon City, Philippines, with TCT No.
9481123 of the Property of Deeds for Quezon City and the building thereon
built; and

WHEREAS, the Lessor desires to let the said property and the
Lessee desires to lease the same.

NOW, THEREFORE, for and in consideration of the covenants and


stipulations of the parties, the Lessor agrees to lease said property to the
lessee under the following terms and conditions:

1. The term of this lease shall be five (5) years, such term to commence
on March 16, 2017 and to terminate on March 16, 2022, unless
otherwise terminated as provided in this lease.
2. The monthly rental shall be THIRTY THOUSAND PESOS (Php
30,000.00), Philippine Currency, to be paid by Lessee at the office of
Lessor on or before the (1st) day of each and every month;
3. The Lessee shall make an advance deposit equivalent to the rentals
for three (3) months, without interest, which shall answer for any
damage to the house resulting from the Lessees use and occupancy
thereof or from any cause whatsoever by the members of his family.
4. Major and minor repairs of the house, which the Lessee may desire
to make, shall be for the account of the Lessee.
5. The Lessee shall insure the house against fire, in the amount of One
Milling (P1,000,000.00) Pesos at his expense, with the Lessor as
beneficiary, during the period of the Lease.
6. During the lifetime of the lease, the Lessee shall be responsible for
the payment of all utility charges, such as electricity, gas, water,
telephone, garage, collection fees and grass cutting charges and for
other services.
7. Lessee shall not assign this lease or sublet the leased property
unless the written consent of Lessor to such assignment for sublease
is first obtained.
8. The Lessee shall not paint, make any improvements, partitions
without prior consent of the Lessor, and if the same are made they
shall be for the account of the Lessee and shall, at the end of the
lease, become the property of the Lessor, without any right to seek
reimbursement of the costs thereof.
9. If any rental as stipulated, or any part thereof, at any time shall be in
arrears or unpaid, or if the Lessee shall at any time fail to perform or
comply with any of the covenants and conditions herein, then and in
any such event, this Contract of Lease shall automatically terminate,
and the Lessee shall peacefully surrender possession of the leased
premises to the Lessor, in the same condition as when he first
entered the premises.
10. That the Lessee shall notify the Lessor at least thirty (30) days in
advance should the Lessee decide to abandon the leased premises;
11. That violation of any of the above terms and conditions will produce
ipso facto the recission of this contract of lease.
12. Failure of the Lessor to insist on any provisions of this lease shall not
be construed as a waiver thereof. No waiver by the Lessor of any
right herein provided and as provided by law shall be valid, unless
made in writing and duly signed by the Lessor.
13. Lessee will indemnify Lessor against, and hold Lessor harmless from
all claims, actions, proceedings, damages, and liabilities, including
attorneys fees, arising from or connected with Lessees possession,
use, and return of the leased property.

IN WITNESS WHEREOF, the parties hereto have signed this contract of


lease this 16th day of March 2017, in the City of Quezon City, Philippines.

RICK SANCHEZ MADALYN MURRAY


LESSOR LESSEE

Signed in the presence of:

MORTY SMITH PABLO ESKOBA

ACKNOWLEDGMENT

BEFORE ME, this 13th day of March 2017 in the City of Quezon,
Philippines, personally appeared Rick Sanchez with his Passport No. XX-
21332 issued at 2330 Roxas Boulevard, Pasay City, Philippines, known to
me to be the same person who executed the foregoing instrument, and he
acknowledged to me that the same is his free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed


my notarial seal, the day and place above written.

Barry Allen
Notary Public