CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

The contract made and entered into by and between Mrs, .EDNA C. LIM, Filipino, of
legal age, married and a resident of Larion Alto Tuguegarao City, Cagayan, hereafter referred to
as LESSOR.

And

MERCEDES R. IGNACIO, Filipino, of legal age, married and a resident of Linglingay,

Alicia Isabela, herein referred to as LESSEE.

JESSELYN D. BIRAQUIT, Filipino, of legal age, married and a resident of Labben,

Allacapan, Cagayan, herein referred to as LESSEE.

Whereas, the LESSOR is the absolute owner of a 1 unit apartment (Penthouse) with two
(2) bedrooms, 1 comfort room, cooking area, and a space intended for dining, living or receiving
area.

Whereas, the LESSEE agreed to lease from the LESSOR one (1) room at 75 Mabini
Street Tuguegarao City, Cagayan.

Now therefore, for and in consideration of the premises and of the mutual covenants
and stipulations hereafter set forth, the parties hereto agrees as follows;

1. TERMS: The term of this contract shall be for a period of one (1) year and shall commence
on March, 2024 - March , 2025 as leasehold. If the LESSEE should move from the premises
prior to the expiration of this time period, he shall be liable for all rent due until such time that
the UNIT is occupied by an OWNER approved paying the LESSEE and/ or expiration of said
time period whichever is shorter.

2. PAYMENTS: Rental for leased premises shall be TEN THOUSAND PESOS (10,000.00)
per month.

Rental fee shall be payable by the LESSEE unto the LESSOR every of the month
without necessary demand, in the cash form.

That the lessee agrees to pay rent and/or other charges are to be paid at such place or method
designated by the owner prior to the occupation of the property as follows: One (1) month
advance and (1) month deposit. NON-REFUNDABLE. All payments are to be made in
cash.

The OWNER acknowledges receipt of the First Month’s rent of Ph 10,000.00 and a Security
Deposit of Php 10,000.00 and additional charges/fees for ________________, for a total of
TWENTY THOUSAND PESOS (P 20,000.00). All payments are to be payable to EDNA C.
LIM.

3. SECURITY DEPOSITS: The total of the above deposits shall secure compliance with
the terms and conditions of this agreement and shall be refunded to LESSEE within 30
days after the premises have been completely vacated less any amount necessary to pay
OWNER; a) any unpaid rent, b) unpaid utilities, c) cleaning costs, d) replacement costs, e)
cost for repair of damages to premises and or/common areas above ordinary wear and
tear, f) any other amount legally allowable under the terms of this agreement. A written
accounting of said charges shall be presented to the LESSEE within 30 days of move-out. If
deposits do not cover such costs and damages, the LESSEE shall immediately pay said
additional costs for damages to OWNER.
4. LIMITATIONS against CRIMINAL ACTS: The LESSOR does not allow whether
directly or indirectly and condemns any CRIMINAL ACTIVITIES done by the LESSEE in
the leased property. The LESSOR upon knowledge of the same can immediately without
notice unilaterally revoke this contract with reservation for any criminal charges to be filed
against the LESSEE and other person criminally liable.

5. LIMITATION to SUBLEASE: That the Lessee/s, provided not to five (5) occupants is/are
sole occupants of the Leased property and in no way the Leased property at any cost be allowed
to be SUBLEASED to any other LESSEE.

6, VISITORIAL LIMITATIONS: The lessee shall observe accepting/accommodating visitors

or outsider that entails too long stay within the leased premises. Parents and immediate relatives
are allowed to stay within the leased premises which in any manner will not exceed three (3)
days in a month.

7. PETS: No animal, fowl, fish, reptile, and/or pet of any kind shall be kept on or about the
premises, for any amount of time, without obtaining the prior written consent and meeting the
requirements of the OWNER. Such consent if granted shall be revocable at the OWNER’s
option without prior written notice.

8. LIQUID FILED FURNISHINGS: No liquid filled furniture, receptacle containing more

than ten gallons of liquid is permitted without prior written consent and meeting the requirements
of the OWNER. LESSEE also agrees to carry insurance deemed appropriate by OWNER to
cover possible losses that may be caused by such items.

9. MOTOR VEHICLE: That the LESSEE is not allowed to bring or park any motor vehicle
inside the unit and within the premises.

10. NOISE: LESSEE agrees not to cause or allow any noise or activity on the premises which
might disturb the peace and quiet of another LESSEE and/or neighbour. Said noise and/or
activity shall be a breach of this agreement. The lessee should observe silence, peace and
harmony at all times.

11. DESTRUCTION OF PREMISES: If the premises become totally or partially destroyed

during the term of this Agreement so that the LESSEE’s use is seriously impaired, OWNER or
LESSEE may terminate this Agreement immediately upon three day written notice to the other.

12. CONDITION OF THE PREMISES: LESSEE acknowledges that he has examined the
premises and that said premises, all furnishings, plumbing, electrical facilities, all items listed on
the attached property condition checklist, if any, and/or all other items provided by the OWNER
are all clean, and in good satisfactory condition except as may be indicated elsewhere in this
Agreement. LESSEE agrees to keep the premises and all items in good order and good condition
and to immediately pay for costs to repair and/or replace any portion of the above damaged by
LESSEE, his guests and/or invitees, except as provided by law. At the termination of this
Agreement, all above items in this provision shall be returned to the OWNER in clean and good
condition except for reasonable wear and tear and the premises shall be free of all personal
property and trash not belonging to the OWNER. It is agreed that all dirt, holes, tears, burns, and
stains of any size or amount in the walls, floorings and/or any other part of the premises, do not
constitute reasonable wear and tear.

13. ALTERATIONS: LESSEE shall not paint, wallpaper, alter or decorate, change or install
locks, install antenna or other equipment, screws, fastening devices, large nails, or adhesive
materials, place signs, display, or other exhibits, on or in any portion of the premises without the
consent of the OWNER except as may be provided by law.

14. PROPERTY MAINTENANCE: LESSEE shall deposit all garbage and waste in a clean
and sanitary manner in the proper receptacles and shall cooperate in keeping the garbage area
neat and clean, LESSEE shall be responsible for disposing of items of such size and nature as are
not normally acceptable by the garbage hauler. LESSEE shall be responsible for keeping the
kitchen and bathrooms drains free of thing that may tend to cause clogging of the drains.
LESSEE shall pay for the cleaning out of any plumbing fixture that may need to be cleared of
stoppage and for the expense or damage caused by stopping of waste pipes or overflow from
bathtubs, wash basins or sinks.

15. HOUSE RULES: LESSEE shall comply with all house rules as stated on separate
addendum, but which are deemed part of this rental agreement, and a violation of any of the
house rules is considered a breach of this agreement.

16. CHANGE OF TERMS: The terms and conditions of this agreement are subject to future
change by OWNER after the expiration of the agreed lease period upon 30-day written notice
setting forth such change and delivered to LESSEE. Any changes are subject to laws in existence
at the time of the Notice of Change of Terms.

17. TERMINATION: After expiration of the leasing period, this agreement is automatically
renewed on a yearly basis, but may be terminated by either party giving to the other a 30 day
written notice of intention to terminate. Where laws require “just cause”, such just cause shall be
so stated on the said notice. The premises shall be considered vacated only after all areas are
clear of all LESSEE’S belongings, and keys and other property furnished for LESSEE’S use are
returned to the OWNER. Should the LESSEE hold over beyond the termination date or fail to
vacate all possessions on or before the termination date, LESSEE shall be liable for additional
rent and damages which may include damages due to OWNER’S loss f prospective new renters.

18. RIGHT OF ENTRY AND INSPECTION: OWNER may enter, inspect, and/or repair the
premises at any time in case of emergency or suspected abandonment. OWNER shall give 24
hours advance notice and may enter for the purpose of showing the premises during normal
business hours to prospective renters, buyers, lenders, for smoke alarm inspection, and/or for
maintenance that in OWNER’S judgement is necessary to perform.

The owner strictly implement the general cleaning of the premises (which includes the
CR and its walling, lavatory and the whole area) once a month.

19. ASSIGNMENT: LESSEE agrees not to transfer, assign or sublet the premises or any part
thereof.

20. PARTIAL INVALIDITY/SEPERABILITY CLAUSE: Nothing contained in this

Agreement shall be construed as waiving any of the OWNER’S or LESSEE’S right under the
law. If any part of this Agreement shall be in conflict with law, that part shall be void to the
extent that it is in conflict, but shall not invalidate this Agreement nor shall it affect the validity
or enforceability of any other provision of this Agreement.

21. NO WAIVER: OWNER’S acceptances of rent with acknowledge of any default by

LESSEE or waiver by OWNER of any breach of any term of this Agreement shall not constitute
a waiver of subsequent breaches. Failure to require compliance or to exercise any right shall not
be constituted as a waiver by OWNER of said term, condition, and/or right, and shall not affect
the validity or enforceability of any provision of this Agreement.

22. ATTORNEY FEES: If any legal action or proceedings be brought by either party of this
Agreement, the prevailing party shall be reimbursed for all reasonable attorney’s fees and costs
in addition to other damages awarded.

23. JOINTLY AND SEVERALLY: The undersigned LESSEES are jointly and severally
responsible and liable for all obligations under this agreement.

24. ENTIRE AGREEMENT: This Agreement constitutes the entire Agreement between
OWNER and LESSEE. No oral agreements have been entered into, and all modifications or
notices shall be in writing to be valid.

25. RECEIPT OF AGREEMENT: The undersigned LESSEE/S have read and understand this
Agreement and hereby acknowledge receipt of a copy of this Rental Agreement. LESSEE’S
Signature
PARTIES TO THE CONTRACT;

EDNA C. LIM MERCEDES R. IGNACIO

JESSELYN D. BIRAQUIT

LESSOR LESSEE

CONFORME:

Signed this ___________day of __________________, at Tuguegarao City, Cagayan.

Signed in the presence of:

1. _______________________________ 2. ____________________________

ACKNOWLEDGEMENT

(Republic of the Philippines

Province of Cagayan) S.S.

On the date and place first above mentioned personally appeared before me the parties
with their CTC Nos. signed by their instrumental witness, known to me and to me known to be
the same person who executed the foregoing instrument and acknowledged the same to be their
own freewill and deed.

WITHNESS BY HAND AND SEAL on the date and place first above written

DOC NO. _____________

PAGE NO. _____________
BOOK NO. _____________
Series of: _____________