23 May 2023

SOPRIANA D. FLORES
Financial Controller
RMG MANAGEMENT CORPORATION
Lot 1-E-1-D (Old Block 5 Lot 7),
North Reclamation Area, Barangay Sabandaku
Mandaue City, Cebu

Subject: 4th RENEWAL OF CONTRACT OF SUB-LEASE

Dear Ms. Flores:

Reference is made to the Contract of Sub-Lease dated 11 July 2019, involving the
sublease of a specific portion of our leased premises located at Barangay. Pitogo,
Consolacion, Cebu for the purpose of operating or managing a bakeshop. Said contract is
for a period of two (2) years and was subsequently extended on 31 May 2021 and is
expiring on 30 May 2023.

Pursuant to Paragraph 2 (Term of Sublease) and upon our mutual agreement, the Contract
of Sublease is hereby renewed for a period of two (2) years, beginning on 01 June 2023
and ending on 31 May 2025.

The basic monthly rent for the renewed period is Pesos: Nine Thousand Three Hundred
Two and 58/100 (PhP 9,302.58) for the first year and shall be subject to an escalation rate
of 10% on the second year.

For the purpose of maintaining the security deposit, which is an equivalent to two (2)
months basic rent or the sum of Pesos: Eighteen Thousand Six Hundred Five and 15/100
(Php 18,605.15), shall be paid to Seaoil for this renewal/extension.

All the other terms and conditions under the original Contract of Sub-Lease 11 July 2019,
including its renewal, amendment and addendum, not inconsistent with this Renewal
shall remain valid and continue to be in full force and effect.

Please indicate your conformity to signify your agreement on the foregoing renewal by
signing in the space provided below.
Very truly yours,

ARNEL G ALBAN With conformity:

Assistant Vice President
Retail Network Assesment, Non-Fuel Retail,
and Prime Sites Acquisition
By:

JENNY LYN MARQUEZ

Senior Manager (Real Estate Marketing)
SOPRIANA D. FLORES

Date: