CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

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

JOHN F. WICK, of legal age, Filipino, single and a resident of

Balicaocao, Kabankalan City, Philippines, (hereinafter referred to as the
"LESSOR");

- and -

HEART E. YU, of legal age, Filipino, married and a resident of

Sipalay City, Philippines, (hereinafter referred to as the "LESSEE");

WITNESSETH That:

WHEREAS, the LESSOR is the owner of a certain parcel of land

situated at Brgy. 4, Kabankalan City, Philippines, more particularly
described as follows:

TRANSFER CERTIFICATE OF TITLE NO. 768594

 
A PARCEL OF LAND (Lot 2 Blk 5 of consolidation subdivision plan
(LRC) Pcs-13265, being a portion of the consolidation of Lots 4790-A and
4791-B (LRC) Psd-50533,  Lot 9, Psd-100703, Lot 1, Psd-150980, LRC
Rec. Nos. Nos. N-27, 51, 82, N-11782, N-13466, and 21071 situated in the
Barrio Poblacion-4, City of Kabankalan,  Prov of Negros Occidental, Is. of
Visayas. Bounded on NE., point 6 to 1 by Road Lot 14, on...to the point of
beginning; containing an area of (850) square meters more or less..."
 
WHEREAS, the Lessor desires to lease the afore-described property
in favor of the LESSEE and the LESSEE accepts the lease subject to the
terms and conditions herein set forth.

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

conditions mutually agreed upon by the parties, the LESSOR hereby lease
unto the LESSEE, his heirs, successors and assigns, the above-described
parcel of land subject to the following terms and conditions, to wit:
1. That the term of this lease shall be for a period of TWO (2) years to
commence upon the signing of this Contract and shall be renewable for
another TWO (2) years at the option of the LESSEE, and thereafter
renewable upon mutual agreement of the parties;

2. That the monthly rentals on the leased premises above-mentioned shall be

Php 50,000.00 Philippine Currency. The rentals shall be paid by the
LESSEE to the LESSOR on a monthly basis payable on or before the 16th
day of the every month;

3. That upon the signing of this Contract, the LESSEE agrees to pay
advanced rentals for TWO (2) months;

4. That the LESSOR shall pay the real property taxes levied of the leased
premises corresponding to the aforementioned parcel of land while the
LESSEE shall pay the real property taxes levied on the building and other
improvements that shall be introduced by the latter;

5. It is expressly agreed by the parties herein that any fixed improvements or

renovations that will be introduced in the subject stall shall become the
property of the LESSOR after the expiration of the term of this Contract.

IN WITNESS WHEREOF, the parties have hereunto affixed their

signatures this 10th day of January 2019 at Kabankalan City, Philippines.

SIGNED IN THE PRESENCE OF:

 
JOHN C. BANCAL               ROBERT B. CAPUNSAD
  Witness Witness
 
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

KABANKALAN CITY )  SS.

BEFORE ME, a Notary Public for and in the City of Kabankalan,  personally
appeared:
 
Name                           CTC Number               Date/Place Issued   
         
JOHN F. WICK 1145788911 Jan. 10, 2019/Kabankalan City
HEART E. YU 1178945322 Jan. 7, 2019/Kabankalan City
JOHN C. BANCAL 1145784352 Jan. 10, 2019/Kabankalan City
ROBERT B. CAPUNSAD 1178945309 Jan. 7, 2019/Kabankalan City

Known to me and to me known to be the same persons who executed

the foregoing instrument and acknowledged to me that the same are
their free act and voluntary deed.
 
This instrument, consisting of three (3) pages, including the page on
which this acknowledgment is written, has been signed on the left margin of
each and every page thereof by the concerned parties and their witnesses,
and sealed with my notarial seal.
 
WITNESS MY HAND AND SEAL on this 10th day of January
2019 at Kabankalan City, Negros Occidental, Philippines.

 
ATTY. MA. HENNA GLYSSA C. DIAZ
Notary Public
Until December 31, 2019
Roll No. 89063
IBP No. 987654- January 4, 2019
PTR No. 789865-January 7, 2019
City of Kabankalan

Doc. No. 45;

Page No. 7;
Book No. 8;
Series of 2019.