CONTRACT OF LEASE

This Contract of Lease made and entered into this ___ day of __________, 2009 in
_____________________ by and between:

LEA Z. GUERRA, of legal age, Filipino citizen, and a resident of Blk. 28, Lot 13, Rosario Complex,
San Pedro, Laguna, hereinafter referred to as the LESSOR;

-and-

GUINAYANGAN TECHNICAL INTEGRATED INSTITUTE FOUNDATION INC., a corporation duly

organized and existing under the laws of the Philippines with business address at Brgy. Sisi, Guinayangan,
Quezon, represented by ALFONSO Z. GUERRA, JR., as evidenced by Securities and Exchange
Commission Registration Number CN200807561, hereinafter referred to as the LESSEE.

WITHNESSETH:

WHEREAS, the LESSOR is the absolute owner of a vocational school/foundation located at Brgy.
Sisi, Guinayangan, Quezon.

WHEREAS, the LESSEE desires to lease and the LESSOR is willing to lease the said commercial
space.

NOW THEREFORE, for and in consideration of the foregoing premises, the parties hereto hereby
agree as follows:

1. PERIOD OF LEASE – This lease shall be for a period of FIFTY (50) YEARS commencing on
_________________ and expiring on ___________________ and renewable for successive
periods under terms and conditions to be mutually agreed upon in writing.

2. RENTALS – In consideration to the use of the leased premises, the LESSEE shall pay the
LESSOR an amount of FIFTY THOUSAND PESOS (Php50, 000.00), Philippine currency, for
each semester, inclusive of 12% VAT. The said rentals shall be payable on or before
semestral ends. Upon signing of the contract one month advance rental shall be paid to be
applied on the last month of the lease contract agreement.

3. SECURITY DEPOSIT – Upon the execution of this Contract, the LESSEE shall deliver to the
LESSOR as Security Deposit (non-interest bearing) amounting to FIFTY THOUSAND PESOS
(P50, 000.00). The amount shall guarantee the faithful compliance by the LESSEE of all
covenants and condition of this Contract shall answer for any direct or indirect damages and
unpaid bills which maybe suffered by the LESSOR by virtue and during the term of this
Contract.

4. PRETERMINATION – The LESSEE shall not be allowed to terminate this Contract before the
stipulation expiration date. Should the LESSEE pre-terminate the Lease in violation of this
provision, the Security Deposit, or any balance thereof, shall be automatically forfeited in favor
of the LESSOR without prejudice to its right under Section 6 hereof.

5. USED OF THE LEASED PREMISES – The Leased Premises shall be used by the LESSEE
solely for the purpose of conducting vocational education, technical and ladderized
courses.The LESSEE undertakes that its use of the Leased Premises shall not in any manner
contravene existing or subsequent laws and ordinances. The LESSEE also undertakes to
comply with all the rules and regulations promulgated by duly constituted national and local
authorities regarding the use, occupancy and sanitation of the Leased Premises.
 The LESSEE shall not be used or permitted to be used for any other purpose
other than that stated in this contract unless with the prior written approval of the LESSOR. If
at anytime during the term of the lease, and without the prior written consent of the LESSOR
the leased premises are used for other purposes, the LESSOR has the choice to either (1)
cancel the Contract, (2) increased the rent, or (3) compel the LESSEE to stop the new activity
by padlocking the Leased Premises, or by any other means without incurring any civil or
criminal liability.

If this Contract is cancelled because the Leased Premises were used for any
unauthorized purpose or for illegal, immoral, or indecent purposes, the Security Deposit
referred to in Section 3 of this Contract shall be automatically forfeited in favor of the LESSOR
and the LESSEE shall immediately vacate and turn-over the Leased Premises to the
LESSOR.

6. IMPROVEMENTS – The LESSEE may construct at its own cost and expense, necessary
alteration, installation, additions or improvements of the Leased Premises; provided that the
same is done with prior written consent of the LESSOR. All such constructions must conorm
with government rules acceptable engineering standard and the Deed of Restrictions of the
LESSOR and the LESSEE hereby assume sole responsibility and holds the LESSOR
harmless from any liability or suit arising from or as a result of the constructions introduced by
the LESSEE in violation of such rules.

All building improvements, alterations and additions made by the LESSEE on the
Leased Premises, except movable furniture and fixture which may be removed without
defacing or injuring the Leased Premises, shall become the property of the LESSOR upon the
termination of the term of this CONTRACT, without any obligation on the part of the LESSOR
to refund the LESSEE thereof. It is hereby agreed that the following improvements shall not be
removed even if it is possible to detach these in a manner which will not deface the Leased
Premises.

a.) Partition which has been fixed to the floor, wall and/or ceiling by glue, nails, rivets etc.
b.) Fixtures like kitchen sink, lavatory, water, closet, tiles, carpet, sun breaker and blinds.
c.) Door and doorknobs.

7. COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS – The LESSEE shall comply
with al laws and regulations of the national, provincial and municipal authorities applicable to
the business to be conducted in and/or to any of the improvements which it may introduce into
and build and construct on, as well as to its use and sanitation of the Leased Premises.

The LESSEE, at its sole expense, shall obtain all licenses or permits and pay all
fees, charges and taxes which may be required for the use of the Leased Premises, the
conduct of business or installation of equipment and the making of repairs, alterations,
improvements, or additions to the Leased Premises. Failure to comply with the said laws,
ordinances, rules, regulations, and/or orders shall be at the exclusive risk, responsibility and
expense of the LESSEE.

The LESSEE shall indemnify and hold harmless the LESSOR against all actions
for damages and claims by whomsoever which may be brought or made by reasons of non-
observance of the said rules, regulations, ordinance or laws of any the covenants of this
Contract, without prejudice to the right of the LESSOR to cancel this leases if the said violation
or non-observance is not stopped or abated within seven (7) days from advice by the
LESSOR.

8. CARE OF PREMISES – The LESSEE shall at its own expense, maintain the Leased Premises
in a reasonably clean and sanitary condition, free from noxious odor, disturbing noises and
other nuisances and upon expiration of the term of this Contract, shall turn-over the Leased
Premises and all permanent improvements in as good conditions as they were at the
beginning of the Contract, ordinary wear and tear excepted.
 The LESSEE shall not deface or damage any part of the Leased Premises. Any
damage to the Leased Premises caused by the LESSEE shall be repaired by the LESSEE for
its own account. The LESSEE shall provide itself, at its own cost and expense, with
receptacles which city ordinances require to hold or contain waste matter, garbage and refuse
and shall deposit then within the Leased Premises or at such places as may be designated by
the LESSOR. The LESSEE shall also provide and be responsible for all the necessary safety
equipment such as fire extinguishers, hoses and the like in accordance with law and as
required by the Fire Code of the Philippines, the LESSOR’S Deed of Restrictions or any
amendment thereto.

The LESSEE shall not, without the LESSOR’S written consent, bring into or store
in the Leased Premises any of the following:

a.) Highly inflammable or explosive substances;

b.) Guns and ammunitions except as may be required by duly licensed security guards or as
may be carried by duly authorized firearm holders;
c.) Banned or illegal items or substances;
d.) Stocks or items which are dirty or hazardous to health; and
e.) Items which are noxious, noisy or cause tremor.

Neither shall the LESSEE conduct its business in the Leased Premises in such a
way as to increase fire hazards. Any increase in the rate of the insurance arising from changes
in the manner in which the LESSEE uses the Leased Premises, shall be borne by the
LESSEE, without prejudice to the right of the LESSOR to terminate this Contract.

9. DAMAGES AND INJURIES TO THIRD PERSONS – The LESSEE hereby assumes full
responsibility for any damages which may be caused to the person or property of third persons
while remaining either casually or on business in any part of the Leased Premises or its
improvements and further binds itself to hold the LESSOR free and harmless from any such
claims for injury or damage.

The LESSOR shall not be liable nor be responsible for, among others the
following:

a.) The presence of bugs, vermin, ants, termite or insects in the Leased Premises. The
LESSEE shall furnish, at its own expense and for its own account, the required
janitorial and pest control services in order to maintain the Leased Premises and the
improvements thereon, in a clean and sanitary condition at all times.
b.) The failure of water, electric and communication services.
c.) Any damage arising from acts or negligence of the LESSEE or its agents, employees,
or any other persons.
d.) Any injury, loss or damage cause by earthquakes, radiation, lightning, typhoons,
fires, water leaks caused by rains, thefts, collapse of building partitions, cracking of
any glass window or door in, above, upon, or about the Leased Premises and the
improvements thereon, as well as all causes not attributable to or beyond the control
of the LESSOR.

10. UTILITIES – The LESSEE shall pay for its own water, telephone, lighting and all other public
services and/or utilities.

The LESSEE’S consumption of electricity shall not at any time exceed the
capacity of the existing risers, feeders and/or wiring of the building on the Leased Premises.
The LESSEE undertakes to comply with all engineering and safety laws prescribing limits of
load or any portion of the building. The installation of additional electric, water, telephone and
teletype facilities in the Leased Premises and building shall be forth sole account of the
LESSEE. Such installation shall be made in such a manner as to cause no injury or damage to
the Leased Premises. If the installation of additional electrical appliances such as water
coolers, refrigerators, fans, etc. will require extra outlets, the LESSEE shall first furnish the
LESSOR with a plan of such construction and shall employ only the services of a licensed
 electrician so that the additional load of current shall be within the capacity of the main switch
of the panel on the corresponding floor. Furthermore, the LESSEE shall comply with all safety
and operating requirements of the Fire Department, Bureau of Labor Standards, the Municipal
and City Engineer and all other governmental agencies.

Fees charged by any o the afore-mentioned agencies in accordance with any

applicable law, ordinance, rules and regulation in connection with the inspection of appliances
or equipment installed by the LESSEE within the Leased Premises shall be for the LESSEE’S
sole account.

11. RIGHT OF INSPECTION – The LESSOR or its authorized representative shall have the right
to enter the Leased Premises at any reasonable time to examine the same or to determine
compliance by the LESSEE with the provisions of this Contract and/or for any other purpose
that it may deem necessary.

12. TAXES – Real state taxes on any government made by the LESSEE shall be or the
LESSEE’S account from the date such improvements were made until expiry of this Contract.
The value-added tax shall be for the account of the LESSEE.

13. BREACH OR DEFAULT – Subject to Section 7 hereof, this Contract may be terminated by the
LESSOR only for any breach of the terms and conditions hereof from receipts by the LESSEE
of at least 30 days prior written notice of such breach. In all cases, the LESSEE shall be liable
to LESSOR for all such damages as may be proven and awarded in appropriate judicial
proceedings, in addition to any award for attorney’s fees, litigation expenses and costs of suit.

14. ASSIGNMENT OR SUBLEASE – The LESSEE hereby agrees not sublease the Leased
Premises or to assign its rights under this Contract without the prior written consent of the
LESSOR.

15. REPRESENTATION AND WARRANTY – LESSOR represents and warrants that it owns the
Leased Premises and the same are and shall be free from any liens and encumbrances
whatsoever for the period of the lease other that those specified by the LESSOR to the
LESSEE in writing before execution hereof.

16. TRANSFER OF LEASED PREMISES – In the event of sale or transfer of the Leased Premises
and the improvements thereon, LESSOR warrants that the purchase or transferee shall
respect all the terms and conditions of this Contract.

17. NON-WAIVER – The failure of either party to insist upon a strict performance of any of the
items, conditions and covenants hereof shall not be deemed as a relinquishment or waiver of
any subsequent breach or default of the terms and conditions and covenants herein contained,
unless expresses otherwise in writing and signed by the party not in breach or default.

IN WITNESS WHEREOF, parties have hereunto set their hands on the date and place above
written.

LEA Z. GUERRA ALFONSO Z. GUERRA, JR.

LESSOR LESSEE

For: GUINAYANGAN TECHNICAL

INTEGRATED INSTITUTE FOUNDATION,
INC.
 SIGNED IN THE PRESENCE OF:

__________________________ ______________________

ACKNOWLEDGMENT

Republic of the Philippines)

_____________________) S.C.

BEFORE ME, a Notary Public for and in __________________ this _____ day of
_________________, personally appeared:

Name CTC # Date/Place of Issue

Leah Z. Guerra 26055438 03. March.2009/Guinayangan, Quezon

Alfonso Z. Guerra, Jr. 12539844 28. Jan. 2009/Pasay City

Known to me and to me known to be the same person who executed the foregoing instrument and who
acknowledged to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL at the date and place above written.

Doc. No. _____

Page No. _____
Book No. _____
Series of 2009.