ADDENDUM

This Addendum is made and entered into this ____ day of December 2018 in reference
to the earlier executed Contract of Lease dated March 13, 2018 by and between:

LUCITA ELAGO ALGABRE, of legal age, Filipino, married to PORFIRIO ALGABRE and
a resident of 1971 Brgy. Dita, Sta. Rosa, Laguna and hereinafter called the LESSOR,

and

CLOVERRIG PETROLEUM TRADING CORPORATION, a corporation duly organized

and existing under Philippine laws, with principal business address at Lot 12
Muntinlupa Estates Poblacion Muntinlupa, represented herein by its authorized
representative, WELLY TOHA and LESLIE Q. RATUISTE as evidenced by a
Secretary’s Certificate dated _____________ and a Board Resolution dated
________________ (attached as Annexes “A” and “B” of this Contract),
hereinafter called the LESSEE.

W I T N E S S E T H:

1. TERM. The term of the lease shall be for Fifteen (15) years starting at the end of the
Rent Free Period (“anniversary date”), renewable upon mutual agreement of the parties.
No implied new lease shall arise out of this Contract. One year before the expiration of
this Contract, the Parties shall come up with an agreement whether or not to continue
with the Contract. The agreement shall be reduced into writing and embodied in a public
instrument. The agreement shall in no way be treated as the new Contract of Lease
between the Parties.

2. RENT FREE PERIOD. The LESSEE is granted a Rent-Free Period of six (6) months
for the construction and for securing all necessary permits and licenses for the operation
of gasoline service station and will automatically expire at the end of the construction or
6 months of the Rent Free Period, whichever comes first, without further extension.
Expenses during the construction, such as utilities, shall be for the account of the
LESSEE.
3. END OF THE RENT FREE PERIOD. The Anniversary Date or the End of the Rent
Free Period is December 6, 2018.

4. INCORPORATION. This Addendum shall form an integral part of the Contract of

Lease and shall form an inseparable part thereof. Whenever the Contract of Lease is
referred to, this Addendum shall be incorporated in its entirety to such reference. Any
provision of the Contract of Lease incompatible with this Addendum is automatically
void.

IN WITNESS WHEREOF, the parties have hereunto set their hands at the place first
above written on ____________________________.

LESSOR LESSEE
CLOVERRIG PETROLEUM TRADING
CORPORATION

By:

____________________________
LUCITA E. ALGABRE ______________________________
WELLY TOHA
President

_______________________________
LESLIE Q. RATUISTE
Corporate Secretary

SIGNED IN THE PRESENCE OF:

______________________________ ____________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

_____________________________ ) S.S.
X- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - X

BEFORE ME, on this ___ day of December, 2018 at the

_____________________________, personally appeared the following persons with their
identification cards set opposite their names:

NAME ID NO. DATE PLACE OF

ISSUANCE
LUCITA E. ALGABRE
WELLY TOHA
LESLIE RATUISTE

known to me and to me known to be the same persons who are personally known to me and who
were identified by me through competent evidence of identity to be the same persons described
in the foregoing instrument, who acknowledged before me that their respective signatures on the
instrument were voluntarily affixed by them for the purposes stated therein, and who declared to
me that they have executed the instrument as their free and voluntary act and deed, and of the
corporation represented herein.
 The foregoing instrument refers to an Addendum to the Contract of Lease, consisting of
three (3) pages including this page wherein the acknowledgment is written, has been signed by
the parties and their witnesses on each and every page hereof.

IN WITNESS WHEREOF, I have set my hand and affixed my notarial seal this ______
day of _______________, 2018 at _______________.

Notary Public

Doc. No. ___________;

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