CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

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

TS REALTY, a corporation organized under the Philippine laws

with office address at Corner Rubber, Tupi, south Cotabato, represented
by its President, JUSTINE ALYSSA TAN, hereinafter referred to as the
LESSOR;

-And-

FREDLYN ANN AUTOGLASS TINTING represented by ANNIE

SUCGANG VALDEZ., also a Filipino Citizen, of legal age, and a resident
of General Santo City, and hereinafter referred to as the LESSEE;

W I T N E S S E T H:

WHEREAS the LESSORS are the true and registered owners of Lot
No.5605, TS-217, containing an area of 596 Square Meters, more or less,
located along No. 1553, National Highway, General Santos City and covered by
Transfer Certificate of Title No.147-2014002332;

WHEREAS, the LESSEE intends to lease a portion of LESSOR’s aforesaid

property—a space identified as _______, whereupon he intends to establish and
operate his business known as FREDLYN GLASS TINTING;

WHEREAS, the LESSORS agree to lease the subject portion of their property
to the LESSEE subject to terms and conditions specified hereunder.

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

LESSORS hereby LET, LEASE AND RENT unto the LESSEE and the latter hereby
accepts, under lease, the Space known as Door D of the LESSORS’ property that is
located along the No. 1553, National Highway, General Santos City and covered by
Transfer Certificate of Title No. T-78530, under the following terms and conditions:

1|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 1. TERM- This lease contract shall be for a period of 12 months beginning July 26,
2018 until July 26, 2019 with an escalation fee of ten percent (10%) per year, to
be determined by the LESSORS should this contract of lease be extended in
favor of the LESSEE. This contract shall be considered automatically terminated
on July 26, 2019 and shall not be considered renewed unless there is the
mutual, express and written agreement of both parties. Should the LESSEE
desire to renew his lease contract, he shall inform the LESSORS in writing of
his intent to continue his lease not later than thirty (30) days before the expiration
of this contract.

2. RENTAL- The monthly rental for the portion identified as _________ is Fifteen
Thousand Pesos (P 15,000), exclusive of the withholding tax or rental tax. The
withholding tax or rental tax equivalent to 5% of the rental before VAT (or
whatever is required by law) is to paid by the LESSEE to the Bureau of Internal
Revenue, in accordance with the latter’s procedures and guidelines.

3. DEPOSIT & ADVANCE RENTAL. The LESSEE agrees to pay LESSORS a one
(1) month Advance Rental plus a Deposit Fee of also Fifteen Thousand Pesos
(P15,000) that shall only be returned to the LESSEE by the LESSORS at the
end of the term only if the telephone, cable, water and electric bills of the
LESSEE are fully paid for and if there is no damage to the space or premises
leased aside from the ordinary wear and tear.

For this purpose and the timely payment of his rent, the LESSEE undertakes to
issue personal Post-Dated Checks in favor of the LESSORS according to the
schedule below:

Date Description Amount

July 26, 2018 Deposit Fee P 15,000
One (1) month advance rent & P 30,000
rental for February 2018
July 26, 2018
August 26, 2018 Rental for March 2018 P 15,000
September 26, 2018 Rental for September 2018 P 15,000
October 26, 2018 Rental for October 2018 P 15,000
November 26, 2018 Rental for November 2018 P 15,000
December 26, 2018 Rental for December 2018 P 15,000
January 26, 2019 Rental for January 2019 P 15,000
February 26, 2019 Rental for February 2019 P 15,000
March 26, 2019 Rental for March 2019 P 15,000

2|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 April 26, 2019 Rental for April 2019 P 15,000
May 26, 2019 Rental for May 2019 P 15,000
June 26, 2019 Rental for June 2019 P 15,000
July 26, 2018 Rental for July 2019 P 15,000

4. ELECTRICITY, WATER, CABLE & TELEPHONE EXPENSES- Upon the start

of this lease contract and up to its expiration, all electrical, water, cable and
telephone bills for the leased space/premises shall be on account of the
LESSEE.

5. CARE OF THE LEASED PREMISES BY THE LESSEE- The LESSEE shall

examine the leased premises before taking possession thereof. The LESSEE’S
possession of the leased premises shall constitute conclusive evidence that as
of the date, the said premises were in good order and condition and thereby
binds themselves to keep and maintain the same in a clean and sanitary
condition, and furthermore undertakes to deliver the same in good condition
subject to ordinary wear and tear at the expiration of the contract. All repairs in
the leased premises shall be to the account of the LESSEE.

6. IMPROVEMENTS AND ALTERATIONS- The Lessee shall not make any major
alterations, additions or improvements in the leased premises without the prior
written consent of the Lessor. All other improvements and alteration made by
the LESSEE, and which cannot be removed without defacing or injuring the
leased premises, shall become the property of the LESSORS, and shall remain
in the premises as part thereof at the expiration or earlier termination of this
contract without any obligation on the part of the LESSORS to reimburse to the
LESSEE the expenses incurred thereof.

7. PROBIHIBITION ON SUBLEASE AND ASSIGNMENT OF RIGHTS.—

Subleasing of Lot 7, or any portion of LESSORS property by the LESSEE is
strictly prohibited. The LESSEE obligates herself NOT to assign or sub-lease
the premises thereby mentioned to any other natural person or juridical entity.

8. INFLAMMABLE & EXPLOSIVE MATERIALS- The LESSEE agrees to not keep

explosives or highly inflammable materials in the leased premises, nor any
article which may expose the premises to fire or increase the fire hazard thereof,
or increase the premiums of insurance of the building, or any such things that
the LESSORS may prohibit.

3|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 9. INSURANCE. – LESSEE shall insure the space leased from fire and other acts
of God and shall give the LESSORS a copy of all insurance policies she
acquired therefor.

10. INSPECTION OF LEASED PREMISES BY THE LESSORS- The LESSEE shall

permit the LESSORS or any of the latter’s representatives at any reasonable
hour of the day to inspect the leased premises to inspect or examine the same
to verify compliance with the terms and condition of this contract.

11. COMPLIANCE WITH ALL LOCAL AND NATIONAL LAWS- The LESSEE shall
comply with any and all laws, ordinance, regulations or orders of the National
Local Authorities imposed now or any time during the term of the lease arising
from or regarding the use, occupation, payment of taxes and sanitation of the
leased premises and shall hold the LESSORS free from any liability for any
violation thereof. Taxes and other assessments due on the land shall be for the
account of the LESSORS, but taxes and assessments that may be imposed on
any improvements, accessory of property introduced by the LESSEE into the
lease premises shall be or the LESSEE’S exclusive account.

12. TERMINATION AND PRETERMINATION OF LEASE- The LESSEE shall

inform the LESSOR 30 days in advance of his intention to terminate the lease.
In case the LESSEE pre-terminates this agreement even before its expiration,
the LESSORS hold the right to forfeit the warranty deposit without prejudice to
the other provisions of this contract.

13. FAILURE TO PAY RENT- Should the LESSEE fail to pay the rent herein
stipulated in accordance with the terms mentioned above, or violated the terms
of this contract, the LESSORS shall have the right to terminate this contract,
eject the LESSEE from the premises, and to collect and recover from her all
accrued rents. In case of court litigation by virtue of non-payment of the agreed
rent, or any breach of this contract on the part of the LESSEE, the LESSORS
shall be entitled to collect as liquidated damages and attorney’s fees exclusive
of cost legally taxable, a sum equivalent to TWENTY-FIVE PERCENTUM (25%)
of the rental due, and that the venue of the courts of be in General Santos City
or Davao City at the option of the LESSORS.

14. ABANDONMENT OF THE LEASED PREMISES- In case of the abandonment

of the leased premises by the LESSEE hereby grant to the LESSORS may (1)

4|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 enter the leased premises and enforce its lien on LESSEE’s properties located
within, and (2) lease the premises to another person or entity, but the LESSEE
shall remain liable for rentals during the un-expired period of the lease until the
LESSORS shall have been able to lease the premises to such other person or
entity under the same or higher rentals. The LESSEE shall be presumed to have
abandoned the premises in case of continuous absence from the leased
premises for a period of ten (10) DAYS, the LESSEE being default in the
payment of rentals and other bills and not having made specific arrangements
with the LESSORS in respect to such absence.

15. LIABILITY- The LESSEE shall remain liable for rentals on the leased premises
in any of the following cases: (1) in case of abandonment as provided above;
(2) in case of failure of LESSEE to surrender the premises upon termination or
cancellation of the lease; or (3) in case of termination of this lease prior to the
expiration of the term hereof, upon the LESSEE’s default in the payment of
rentals.

16. NON-WAIVER- The failure of the LESSORS to insist upon strict performance of
any of the terms, conditions and covenants contained herein shall not be
deemed as relinquishment or waiver of any right or remedy that the LESSORS
may have. Neither shall it be construed as waiver of any subsequent breach or
default of the terms, conditions and covenants herein, which terms and
conditions shall continue to be in full force and effect. No waiver by the
LESSORS of any of its rights under this Contract shall be deemed to have been
made unless expressed in writing and duly signed by the LESSORS.

17. WARRANTY OF SOLVENCY- The LESSEE warrants that at the time of the
signing of this Contract as well as during the effectively thereof, she is financially
capable of paying the monthly rental as well as other charges provided in this
Contract. Should there be a pending suit or action for recovery of money or
property filed against the LESSEE, LESSORS have the right to terminate this
Contract.

18. GOODWILL- This contract does not entitle the LESSEE to any right to goodwill
of any kind in the premises. Each party represents and warrants to the other that
she/they has full right, power and authority to enter into and perform this lease
in accordance with the terms hereof, and that the execution and delivery of the
lease have been duly authorized by proper action.

IN WITNESS WHEREOF, we have hereunto set our hands this _____________

at General Santos City, Philippines.

5|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 TS REALTY FREDLYN ANN AUTO GLASS
TINTING
Lessee
Lessor
Represented by:
Represented by:

ANNIE SUCGANG VALDEZ.,

JUSTINE ALYSSA TAN
ID No. SSS NO. 09 16814474
ID No. ________________

Witnesses: 1._________________ 2. _________________

Republic of the Philippines )

General Santos City ) S. S.
X-------------------------------------------X

ACKNOWLEDGMENT

BEFORE ME, this _________________ at General Santos City, Philippines,

personally appeared:

Name Identification Card Date

JUSTINE ALYSSA TAN
ANNIE SUCGANG VALDEZ

known to me to be the same persons who executed the foregoing Contract of Lease,
consisting of Five (5) pages, including the page where this acknowledgment is written,
and which the parties signed in the presence of their witnesses and each other. They
acknowledged to me that the same is their own free, voluntary act and deed.

6|Contract of Lease For Richard L. Chua et al. & Emma T. Sario

 WITNESS MY HAND AND SEAL.

Doc No. ___;

Page No. ___;
Book No. ___;
Series of 2018.

7|Contract of Lease For Richard L. Chua et al. & Emma T. Sario