CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS: THAT I, PEDRO DELA CRUZ, of legal age, Filipino citizen, married and a resident of Bulua, Cagayan de Oro City, hereinafter called and referred to as the LESSOR; -andJUAN TAMAD, of legal age, Filipino citizen, married and a resident of Cagayan de Oro City, hereinafter called and referred to as LESSEE; WITNESSETH: WHEREAS, the LESSOR is the lawful owner of a certain two (2) storey Residential Building located at Zone 6, Bayabas, Cagayan de Oro City, with Original Certificate of Title No. 12345, containing an area of Ten Thousand (10, 000) Square Meters more particularly describes as follows: A Parcel of Land, located at Zone 6, Bayabas, Cagayan de Oro City, Island of Mindanao. Bounded on the Lot No. 1; on the East Lot No. 2; on the West Lot No. 3 and on the South Lot No. 4; containing an area of (10, 000) square meters, more or less. WHEREAS, the LESSEE offered to LEASE the whole two storey residential building owned by the LESSOR; NOW THEREFORE, for and in consideration of the foregoing stipulations, parties hereby AGREED in the following terms and conditions, to wit: 1. That Lessor is willing and agreeable that his whole Residential Building be LEASE by Lessee in the amount of FIVE THOUSAND (Php. 5, 000. 00) PESOS, Philippine Currency, per month for a period of One year starting June 26, 2010; 2. That the premises leased have been received by the lessee in good and habitable conditions; 3. That all ordinary repairs within the premises that arise in the daily use of the facilities therein shall be for the sole account and expense of the lessee, without right to reimbursement; 4. That the lessee shall use the leased premises exclusively for family dwelling, and shall have no right to use the same for business purposes; 5. That the lessee is expressly prohibited to sublet the leased premises to any one, without the express consent of the lessor in writing; 6. That all charges for water, light, and telephone used within the premises shall be at the sole account of the lessee; 7. That the lessee shall notify the lessor at least 30 days in advance should the lessee decide to abandon the leased premises; 8. That violation of any of the above terms and conditions will produce ipso facto the rescission of this contract of lease;

CONTRACT OF LEASE -Page 2-

IN WITNESS WHEREOF, parties have hereunto signed the contract of lease this 26 th day of June 2010 at Cagayan de Oro City, Philippines. PEDRO DELA CRUZ (Lessor) SIGNED IN THE PRESENCE OF: RENZ MARK DELIT Republic of the Philippines) City of Cagayan de Oro ) S.S. X- - - - - - - - - - - - - - - - - - - X ACKNOWLEDGMENT BEFORE ME, this 26th day of June 2011 at Cagayan de Oro City, personally appeared: PEDRO DELA CRUZ, with his CTC No. 12345678, issued at January 12, 2010, issued at Cagayan de Oro City; JUAN TAMAD, with his CTC No. 87654321, issued at January 13, 2010, issued at Cagayan de Oro City, known to me to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their true and voluntary act and deed. This instrument refers to a CONTRACT OF LEASE executed by the parties, consisting of two (2) pages including this page where this acknowledgment is written. WITNESS MY HAND AND SEAL. / WILLY JOE CANJA JUAN TAMAD (Lessee)

ATTY. FERDINAND M. TAGOD

NOTARY PUBLIC UNTIL DEC 31, 2013 TIN NO. 114-735-387 PTR NO. 2656225, 11-24-2011 IBP. NO. 832679, 11-23-2011 MCLE No. III- 012345 BOTH FOR 2102 Jose Rivera Street, Corrales Avenue, Barangay 27, Cagayan de Oro City. ROLL NO. 17571

Doc No. 23 Page No. 5 Book No. LV Series of 2010.