CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed by and between:
ROSALINA C. ANDOY, of legal age, Filipino, widow, and with residence
address at Libay-libay, Maco, Compostela Valley, Philippines, hereinafter
referred to as the LESSOR;
-AND-
NOEL DONAIRE ANDOY, of legal age, Filipino, married, and with residence
address at Libay-libay, Maco, Compostela Valley, Philippines, hereinafter
known and referred to as the LESSEE;
WITNESSETH; That:
WHEREAS, the LESSOR is the absolute owner of that parcel of land situated
at Dumlan, Tagum City, Davao del Norte, Philippines, containing an area of
THIRTY THREE THOUSAND EIGHT HUNDRED FIFTY SIX (33,856) SQUARE METERS, more or
less embraced and covered by Transfer Certificate of Title No. T-102598;
WHEREAS, the LESSEE desires to lease the above-said parcel of land:
1. That the term of this lease is Ten (10) years starting on January 6,
2020 until January 6, 2030’, renewable at the option of the LESSEE
subject to the approval of the LESSOR, by giving notice of renewal at
least one (1) month prior to the expiration of this contract;
2. That the LESSEE binds itself to pay the LESSOR a yearly rental of FIFTY
THOUSAND(50,000.00), Philippine Currency;
3.
4.
5.
6.
7.
8. That the monthly rental shall be subjected to TEN (10%) PERCENT
increase every year;
9. That all utility bills, such as but not limited water, electricity and
telephone, consumed during the period of lease shall be exclusive to
the account of the LESSEE that upon the termination of the lease shall
provide or show proof of the complete payment of all the stated
utilities;
10. That the premises hereby leased shall be used exclusively by the
LESSEE for the purposes of its legitimate business undertaking and it
shall not be used for other purposes without the prior written consent
of the LESSOR;
11. That the LESSES shall comply with any and all laws, ordinances,
regulations or orders promulgated by the proper government authorities
arising from or regarding the use, occupation and sanitation of the
leased premises and therewith shall be at the exclusive risk and
expense of the LESSEE;
12. That the LESSEE shall not directly or indirectly sublease, assign,
transfer, convey, mortgage or in any way encumber its rights over the
leased premises or any portion thereof under any circumstances
whatsoever without the written consent of the LESSOR being first
obtained. A violation of this particular provision shall automatically
and equivocally terminate this contract;
13. That the LESSEE shall be responsible at all times for all acts done by
agents, employees or other authorized persons as far as the enforcement
of the provision of this contract is concerned. Any damages cause to
the building due to the fault of the LESSEE its agents, employees or
gusts shall be promptly repaired by the LESSEE at their own expense;
14. That the LESSEE shall permit the LESSOR and/or its duly authorize
agents or representatives to enter and view the conditions of the
leased premises during the reasonable hours of the day upon prior
request, whether verbally or in writing, by the LESSOR;
15. That the LESSEE shall acknowledge the delivery of the premises and
assume the lease premises on “AS IS WHERE AS” basis upon the signing of
this lease contract and agrees that upon the expiration and\or pre-
termination of the lease, the LESSEE shall peacefully surrender to the
LESSOR the possession of the leased premises in satisfactory condition

1 of 3
 without uncalled and unnecessary damages to the leased premises except
the reasonable wear tear thereof;
16. That the LESSEE shall not bring into or store in the leases premises
any inflammable or explosive goods or materials, or in any articles,
which may expose the lease premises to fire or any other kinds of
damages or destruction

However, in case of damage to the lease premises caused by fire,

earthquake, war or any other unforeseen cause, the damage Shall be
repaired at the expense of the LESSEE without reimbursements from the
LESSOR and if repaired or reconstruction is impossible within 30days
from occurrence, either party may call for the rescission of this
contract, and all postdated checks herein above issued constituting
monthly rental paid by the LESSEE at the occurrence of the events
aforementioned shall thereupon be returned. No claims shall be lodge
against the LESSOR by reason of inconvenience and annoyance unavoidably
cause to the LESSEE due to the necessity or repairing of the building,
however said necessity may arise;
17. That the LESSEE shall not make or permit any disturbing noise within
the lease premises caused by herself/itself or by person under her/its
control, or whatever violation of provisions of Art. 682 and Art. 683
of the New Civil Code of the Philippines in matters or easement against
nuisance, nor permit by anything to be done by herself/itself or such
other persons which will interfere with the rights, comfort or
inconvenience of the neighborhood, excepts those that are usual and
necessary to the legitimate business of the herein LESSEE. The LESSOR,
however shall not responsible for any acts in violation of this clause;
18. For health reasons and proper sanitation, the LESSEE shall always
maintain the cleanliness within the leased premises and its
surroundings of its own garbage ready for disposal and collection by
garbage collectors;
19. Any improvements introduced and attached to the leased premises shall
automatically belong to the LESSOR upon the expiration of the contract.
These improvements, which can be removed without causing, damage to the
premises remains to be owned by the LESSEE and can be removed by the
latter upon the expiration and/or pre-termination of the lease
contract, and;
20. That the LESSEE decides to pre-terminate the lease contract, a written
notice of pre-termination shall be send to the LESSOR at least sixty
(60) days before the effectivity date of the pre-termination. The
LESSEE agrees to return and surrender the lease premises to the LESSOR
at the expiration of the term of the lease as good condition as
reasonable wear and tear will permit and without any delay whatsoever,
devoid of all occupants, furniture, articles and/or movable
improvements that are fixed or permanent in nature shall be taken by
the LESSEE from the leased premises upon the expiration and/or pre-
termination of this lease;
21. That any suit arising from this contract shall be instated in Tagum
City, Davao Del Norte before the Court of competent jurisdiction.
The LESSEE shall use the premises for the operation of their Beauty
Product Business and not for residential purposes, whether
temporary or permanent.

IN WITNESS WHEREOF, parties herein affixed their signatures this

____________ at Tagum City.

EAGLES VIEW HOTEL KANAMIT FOODS

REPRESENTED BY: REPRESENTED BY:

RITA M. TAYONG EDUARDO HERNANDO CUESTAS

Lessor Lessee/Proprietor
CEI: PDL LO6-06-004989 CEI: PDL L02-82-067640

2 of 3
 Signed in the presence of:

____________________ _____________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

Province of Davao del Norte )S.S.
City of Tagum )
X- - - -- - - - - - - - - - X

BEFORE ME, Notary Public of Tagum City, Davao del Norte,

Philippines, this ____________, at Tagum City, Davao del Norte,
Philippines, affiants personally appeared and exhibited to me
their competent evidence of identities written below their names
known to me to be the same persons who executed the foregoing
Contract of Lease and they acknowledged that the same is their
free act and deed, consisting of two (2) pages, including this
page in which this Acknowledgement is written, duly signed by
them on each and every page hereof.
WITNESS MY HAND AND SEAL.

ATTY. JONATHAN P. UY
Notary Public
Doc. No.___; Until December 31, 2021
Page No.___; PTR No. 2250769; January 8, 2019
Book No.___; IBP OR # 006403; May 21, 2017
Series of 2019 Roll No. 67339
TIN No. 452-694-284

3 of 3
ARNEL B. FAUSTINO MARIA FE ARMAMENTO WILLIE BOY ARUBIO AIDAROSE MOHAMMAD
LESSOR LESSEE WITNESS WITNESS