REPUBLIC OF THE PHILIPPINES )

PROVINCE OF CAGAYAN ) S.S.

TUGUEGARAO CITY )

CONTRACT OF LEASE FOR CONSTRUCTION EQUIPMENT

KNOW ALL MEN BY THESE PRESENTS:

This contract of lease is made and executed in the City of Tuguegarao

by and between the following parties:

NESTOR NOEL Q. DAYAG, of legal age, and with business postal

address at 151 National Highway, Caggay, Tuguegarao City, Cagayan and
hereinafter referred to as the “LESSOR”;

- and -

ENGINEER HERALDO DAWAY, JR., of legal age, Filipino Citizen

with postal and residential address at ______________________ and is
hereinafter referred to as the “LESSEE”;

WITNESSETH

That the Lessor and Lessee by virtue of these presents formally agree
and put on record to effect the following terms and conditions in relation to
the leasing/hiring of the following equipment: 1) Mixer 2) Grader and 3)
Road Roller, such equipment shall be used by the Lessee for business
purposes only.

WHEREAS, the LESSOR had offered to lease the above-mentioned

equipment and the Lessee have accepted the offer;

NOW THEREFORE, for and in consideration of the foregoing premises

and the covenants and stipulations hereinafter contained, the LESSEE has
agreed to lease, as he hereby leases the above-described equipment, as
follows:

1. PERIOD
 The lease shall be for a term/period of three (3) months to start on
October 16, 2019 and end on January 15, 2020.

2. RENTAL

The monthly rental fee shall be in Philippine Pesos, initially fixed as

follows:

a. Grader - 4,000.00/hour
b. Road Roller - 4,000.00/hour
c. Mixer - 40,000.00/day

A mobilization fee of 60,000.00 each shall also be paid by the

Lessee to the Lessor at the finalization/signing of this contract.

The maximum number of hours that such equipment be used is eight

(8) hours per day

3. In the event that the there shall be damage to the equipment or loss
thereof during the contract period while such are in use by the Lessee, the
same damage shall be borne by the Lessee

This agreement is entered into this ____ day of _________________

in the year __________.

ENGR. HERALDO DAWAY, JR. NOEL NESTOR Q. DAYAG

LESSEE LESSOR

Signed in the presence of

 ________________________ ___________________________

REPUBLIC OF THE P[HILIPPINED )

PROVINCE OF CAGAYAN ) S.S.
TUGUEGARAO CITY )

BEFORE ME, a Notary Public, this ____ day of _______________,

2019 in Tuguegarao City, Cagayan personally came and appeared the
above-named persons known to me and to me known to be the same persons
who executed the foregoing instrument, and acknowledged that the same is
their free act and voluntary deed.

WITNESS MY HAND AND SEAL …….

________________________
Notary Public

Doc. No. ______

Page No. ______
Book No. _____
Series 2019