CONTRACT OF LEASE

KNOW ALL BY THESE PRESENTS:

This Contract, made, executed and entered into by and between:

ABDUL JIKIRI SAM, of legal age, widower, Filipino, and a resident of Purok 1, Hijo,
Maco, Davao de Oro, referred to as the LESSOR;

-and-

RIA MAE ABADIEZ LABRA, of legal age, Filipino, single and a resident of Asuncion,
Davao del Norte, herein referred to as the LESSEE;

WITNESSETH:

WHEREAS, the LESSOR is the registered owner of the property located at Purok 1, Hijo, Maco,
Davao de Oro (herein referred to as “subject property”);

WHEREAS, the LESSEE has offered to lease the subject property and the LESSOR has accepted
such offer subject of the terms and conditions provided under this contract.

NOW, THEREFORE, for and in consideration of the foregoing premises, the parties hereto have
agreed and covenanted:

1. TERM: The term of this contract shall be for a period of THREE (3) YEARS, starting
September 30, 2023 to September 30, 2026. The Contract may renew subject to the mutual
written consent by both parties. Provided, that the LESSEE may renew the Contract for
another period of ONE (1) year by informing the LESSOR of such intention at least thirty
(30) days prior to the expiration of the original period;

2. PURPOSE: That the premises hereby leased shall be exclusively used by the LESSEE for
commercial purpose. The LESSEE agrees not to use the subject premises for any illegal
activity.

3. RENTAL: The monthly rental of leased premises shall be SEVEN THOUSAND FIVE
HUNDRED PESOS (₱ 7,500.00) Philippine Currency net of tax, to be paid or collected by
the LESSOR or his authorized representative MERILYN C. DIZON in every 30th day of the
month;

4. DEPOSIT: Upon start of the signing of the contract, the LESSEE shall pay a sum of
FIFTEEN THOUSAND HUNDRED PESOS (P15,000.00) to the LESSOR, representing 1-
month advance rental. Provided, that the deposit shall be applied as payment of unpaid bills
for electric and water and damages incurred during the lease period, if there is any or shall be
applied as rental payment for the last month of this contract;

5. FAILURE TO PAY RENTAL PAYMENTS: Failure on the part of the LESSEE to pay two
(2) consecutive monthly rental payments, the LESSEE shall immediately vacate the leased
premises without need of demand. The security deposit provided under paragraph 4 of this
contract shall be used to apply for the unpaid rental payments, utility bills, damages, etc., and
the remaining amount shall be turned over to the LESSEE;

6. UTILITIES: Monthly billings of water and electricity, as well as the installation of fire
extinguisher, emergency light, fire alarm, and CCTV camera shall be for the exclusive
account of the LESSEE;

7. IMPROVEMENTS and REPAIRS: The LESSEE shall not make any improvements,
alterations and renovations without prior written consent of the LESSOR. It is understood that
 any and all permanent improvements introduced by the LESSE, whether done with or without
the consent of the LESSOR shall be owned by the LESSOR. Provided, that the LESSEE may
remove such improvements only if it can be done without causing serious damage to the
leased premises;

8. DISTURBANCE OF POSSESSION: The LESSOR warrants that he has valid title over the
property, and that shall be no disturbance or discontinuance of possession of the LESSEE
during the effectivity of this Contract.

9. FORCE MAJEURE:

a. Non-performance of the obligations by either party shall only be executed on

account of force majeure if performance is rendered impossible or otherwise
difficult so as to be beyond the contemplation of the parties at the time of the
execution of this Contract. The obligations of the parties under this Contract may be
suspended for a period determined and agreed upon by both parties in writing,
depending on the gravity of the force majeure event and its impact on the conduct
of this Contract. The performance of said obligations will resume after the partiers
determine and agree that the suspension of the performance is lifted.

b. In the event that the Force Majeure event exceeds five (5) days or it renders the
party’ obligation impossible or difficult to perform as provided in the preceding
paragraph, this Contract maybe immediately cancelled by either party through
written notice of termination furnish and received by the other party. Provided, that
the requesting party should not be guilty of any contributory negligence, before,
during and after the concurrence of the force majeure.

10. PERMITS AND TAXES: The LESSEE, shall, comply with all the laws, ordinances,
regulations and orders of any agency of the government, national or local, affecting or
pertaining to the leased premises and to any affects or articles which said LESSEE may have
in its possession therein.;

11. BREACH OF CONDITIOONS: In case of breach by any party of any of the conditions and
covenants of this lease as herein stipulated, the injured party, at its option, may forthwith
terminate and cancel this Contract, and the defaulting party shall be liable for any and all
damages as a result of such default and termination.

12. EXPIRATION OR CANCELLATION OF LEASE: At the expiration of the term of this lease
or cancellation thereof, as herein provided, the LESSEE will promptly deliver to the LESSOR
the leased premise with all corresponding keys and in as good and tenantable condition as the
same is now, ordinary wear and tear excepted, devoid of all occupants, movable furniture,
articles and effects of any kind.

13. SUB-LEASE: The LESSEE is prohibited to sublease, or transfer his/her privilege nor permit
another to lease the leased premises without first notifying the LESSOR;

14. LESSOR and/or his authorized representative shall have the right to inspect the condition of
the said premises at any reasonable time of a day;

15. PRE-TERMINATION / TERMINATION- That if the LESSEE desires to pre-terminate the

lease, the latter should notify the LESSOR at least thirty (30) days prior to the expected date
of termination. Upon termination of this agreement, the LESSEE, together with his staff and
workers shall peacefully vacate the leased premises and turn over the possession of the leased
premises to the LESSOR in good and tenantable condition;

16. That the parties warrant that they read and understood all the foregoing provisions of this
contract and shall abide by the same, otherwise, any violation will subject to the offending
 party to legal sanction which may be filed in the proper Court; Any violation of the above
terms and conditions will produce ipso facto termination of this contract.

17. This Contract shall be valid and binding, between the parties, their successor-in-interest and
assigns. No amendment of the terms of the instrument shall be effective unless in writing and
signed by the parties therein.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this
__________________, at Tagum City, Davao del Norte, Philippines.

ABDUL JIKIRI SAM RIA MAE ABADIEZ LABRA

LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

MERILYN C. DIZON and BRAULIO M. AUMAN JR.

Witness Witness

ACKNOWLEDGMENT

Republic of the Philippines )

Province of Davao del Norte) S.S.
CITY OF TAGUM….…….)

BEFORE ME, a Notary Public for and in the City of Tagum, Davao del Norte, Philippines, this
________________, personally appeared:

NAME VALID ID

ABDUL JIKIRI SAM VIN:82040081BG0756AJS10000-1

RIA MAE ABADIEZ LABRA Passport No. P5539977A

Known to me to be the same persons, who executed the foregoing instrument and they acknowledged
to me that the same is 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 the place and date above-stated.

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