CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made, executed, and entered into this 13th day of October
2023, at Taguig City, by:

MANUEL B. CORPUZ, Filipino, of legal age, single, a resident of Bonifacio Heights

Condominiums, Building Dipolog 405, Taguig City, herein referred to as LESSOR;

-AND-

CARMELA G. DE CASTRO, Filipino, of legal age, single, and resident of Lot 67, Block
89, Green Meadows, Caloocan City, herein referred to as LESSEE.

-WITNESSETH-

That the LESSOR is the owner of THE LEASED PREMISES, a residential property
located in Lot 67, Block 48, Western Bicutan, Taguig City, and more particularly described in
Transfer Certificate of Title No. 567890 of the land registry of Taguig City as follows:

Lot Number Lot 67, Block 48

Portion of Lot H, Psd-14187 and Lot I-2, Psd-17753, b.R.C. Rec. No. 23954
Location Barangay City Province Island Group
Western Taguig Metro Manila Luzon
Bicutan
Bounded on NW., along line 1-2 by Lot 18 Blk. 28; on the NE., along line 2-3-4-5 by
Road Lot 26; on the se., along 5-6 by Lot 22; on the NW., Along line 6-7-
8-1 by Lot 19 both of Blk. 28 all of the cons. subd. plan.
Area FIFTY-SIX (56) square meters

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED
premises, subject to the following:

TERMS AND CONDITIONS:

1. PURPOSES. That premises hereby leased shall be used exclusively by the LESSEE for
residential purposes only and shall not be diverted to other uses. It is hereby expressly agreed
that if at any time the premises are used for other purposes, the LESSOR shall have the right to
rescind this contract without prejudice to its other rights under the law.

2. LEASE TERM. This term of lease shall commence from DECEMBER 01, 2023 to JANUARY
31, 2025, inclusive. Upon its expiration, this lease may be renewed under such terms and
conditions as my be mutually agreed upon by both parties, written notice of intention to renew
the lease shall be served to the LESSOR not later than seven (7) days prior to the expiry date of
the period herein agreed upon.

1
3. RENTAL RATE. The monthly rental rate for the leased premises shall be FIFTY THOUSAND
(P50,000.00), Philippine Currency. All rental payments shall be payable to the LESSOR.

4. DEPOSIT. That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to the rent for THREE (3) MONTHS or the sum of ONE
HUNDRED FIFTY THOUSAND (P150,000.00), Philippine Currency. wherein the two (2) months
deposit shall be applied as rent for the 11th and 12th months and the remaining one (1) month
deposit shall answer partially for damages and any other obligations, for utilities such as Water,
Electricity, CATV, Telephone, Association Dues or resulting from violation(s) of any of the
provision of this contract.

5. ASSIGNMENT/SUBLEASE/TRANSFER OF RIGHTS. The LESSEE shall not, directly or

indirectly, sub-lease, assign, transfer, convey, or in any manner encumber the right to the leased
premises, in whole or in part, without the express written consent of the LESSOR.

6. ALTERATION, ADDITION, AND IMPROVEMENT. The LESSEE shall not make any alteration,
installation, improvement, or any addition in the leased premises without the prior written consent
of the Landlord, and the same shall, upon termination of the contract, automatically become the
property of the LESSOR without need of any reimbursement.

7. REPAIRS AND MAINTENANCE OF LEASED PREMISES. The LESSOR agrees to undertake

at its own expense any necessary repairs and/or maintenance work on the leased premises
including its facilities without right of reimbursement from the LESSEE.

8. PUBLIC UTILITIES. All expenses for utilities such as but not limited to light, water, telephone,
internet connection, garbage disposal, association dues, etc., incurred for use of the premises
shall be for the sole account of the LESSEE. The LESSOR is free, absolutely and unconditionally,
from any and all liability from any damages or charges arising out of the use of the Lease Premises
or any of its facilities.

9. INSPECTION OF PREMISES. The LESSOR or its authorized agent shall, with prior notice to
and consent from the LESSEE, have the right to enter upon the leased premises at anytime during
reasonable hours to examine the same or to make alterations or repairs or for any purpose which
the LESSOR may deem necessary for the operation and maintenance of the leased premises or
its installations.

10. LESSOR’S LIEN. It is agreed that the unpaid rents and charges payable by the LESSEE to
the LESSOR under this contract shall constitute a preferred lien on all the personal properties of
the LESSEE existing in the leased premises in accordance with Art 2241 and Art 2243 of the New
Civil Code. For this purpose, the LESSOR or her agents are hereby authorized to prevent the
removal of the said properties from the leased premises and/or demand their return from any
possessor should they have been removed without the written consent of the LESSOR.

11. DEFAULT PAYMENT. In case of default by the LESSEE in the payment of the rent, such as
when the checks are dishonored, the LESSOR at its option may terminate this contract and eject
the LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default
of payment for One (1) month and may forfeit whatever rental deposit or advances have been
given by the LESSEE.

2
12. SUB-LEASE. The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall the
LESSEE assign its rights hereunder to any other person or entity and no right of interest thereto
or therein shall be conferred on or vested in anyone by the LESSEE without the LESSOR'S written
approval.

13. PUBLIC UTILITIES. The LESSEE shall pay for its telephone, electric, cable TV, water,
Internet, association dues and other public services and utilities during the duration of the lease.

14. FORCE MAJEURE. If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated without
compensation by the LESSOR or by the LESSEE by notice in writing to the other.

15. LESSOR'S RIGHT OF ENTRY. The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE
or its representative at any reasonable hour to examine the same or make repairs therein or for
the operation and maintenance of the building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.

16. EXPIRATION 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 premises with
all corresponding keys and in as good and tenable condition as the same is now, ordinary wear
and tear expected devoid of all occupants, movable furniture, articles and effects of any kind.
Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at
the latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay
rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall
have complied with the terms hereof. The same penalty shall be imposed in case the LESSEE
fails to leave the premises after the expiration of this Contract of Lease or termination for any
reason whatsoever.

17. JUDICIAL RELIEF. Should any one of the parties herein be compelled to seek judicial relief
against the other, the losing party shall pay an amount of One Hundred (100) % of the amount
clamed in the complaint as attorney's fees which shall in no case be less than P50,000.00 pesos
in addition to other cost and damages which the said party may be entitled to under the law.

18. VALIDITY. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.

IN WITNESS WHEREOF, the LESSOR and the LESSEE have signed this contract on 13th day
of OCTOBER, 2023 at TAGUIG CITY, PHILIPPINES.

MANUEL B. CARMELA G.
MANUEL B. CORPUZ CARMELA G. DE CASTRO

3
 LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

CATHERINE K.. RYAN G.

CATHERINE K. FONTIVEROS RYAN G. CORPUZ
WITNESS WITNESS

4
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

)S.S.

BEFORE ME, a Notary Public for and in Quezon City this day of 15 September 2023 personally
appeared the following persons:

NAME GOVERNMENT I.D. NO. DATE/PLACE ISSUED

Manuel B. Corpuz 98765987 01/01/2014, Tacloban City
Carmela G. De Castro 76654387 01/02/2015, Quezon City
Catherine K. Fontiveros 72683674 09/09/16, Caloocan City
Ryan G. Corpuz 09087365 07/06/17, Pasig CIty

Known to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledged to me that the same is their own free and voluntary act and deed and the
free and voluntary act and deed of the corporation represented herein.

This instrument wherein the acknowledgement clause is written, signed by the parties together
with their instrumental witnesses on each and every page hereof, sealed with my notarial seal,
pertains to a CONTRACT OF LEASE.

WITNESS MY HAND AND SEAL on this 13th day of October 2023 at Taguig City, Philippines.

Doc. No. 0076

Page No. 0089 NOTARY PUBLIC

Book No. 0012

Series of 2023

Thea Bernardo
ATTY. THEA CLARISSE F. BERNARDO
Notary Public- City of Taguig
Taguig. Np. No.0015-16, Unit 09/23/23
Lpb No. 10999876-9/09/87, Taguig City
Roll No. 145678 Mcl4 V-0098 678 Until 6/17/23
Barizo & Associates, Taguig City

5
 CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made, executed, and entered into this 13th day of October
2023, at Taguig City, by:

MANUEL B. CORPUZ, Filipino, of legal age, single, a resident of Bonifacio Heights

Condominiums, Building Dipolog 405, Taguig City, herein referred to as LESSOR;

-AND-

CARMELA G. DE CASTRO, Filipino, of legal age, single, and resident of Lot 67, Block
89, Green Meadows, Caloocan City, herein referred to as LESSEE.

-WITNESSETH-

That the LESSOR is the owner of THE LEASED PREMISES, a residential property
located in Lot 67, Block 48, Western Bicutan, Taguig City, and more particularly described in
Transfer Certificate of Title No. 567890 of the land registry of Taguig City as follows:

Lot Number Lot 67, Block 48

Portion of Lot H, Psd-14187 and Lot I-2, Psd-17753, b.R.C. Rec. No. 23954
Location Barangay City Province Island Group
Western Taguig Metro Manila Luzon
Bicutan
Bounded on NW., along line 1-2 by Lot 18 Blk. 28; on the NE., along line 2-3-4-5 by
Road Lot 26; on the se., along 5-6 by Lot 22; on the NW., Along line 6-7-
8-1 by Lot 19 both of Blk. 28 all of the cons. subd. plan.
Area FIFTY-SIX (56) square meters

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the
LESSEE is willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR
leases unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED
premises, subject to the following:

TERMS AND CONDITIONS:

1. PURPOSES. That premises hereby leased shall be used exclusively by the LESSEE for
residential purposes only and shall not be diverted to other uses. It is hereby expressly agreed
that if at any time the premises are used for other purposes, the LESSOR shall have the right to
rescind this contract without prejudice to its other rights under the law.

2. LEASE TERM. This term of lease shall commence from DECEMBER 01, 2023 to JANUARY
31, 2025, inclusive. Upon its expiration, this lease may be renewed under such terms and
conditions as my be mutually agreed upon by both parties, written notice of intention to renew
the lease shall be served to the LESSOR not later than seven (7) days prior to the expiry date of
the period herein agreed upon.

1
3. RENTAL RATE. The monthly rental rate for the leased premises shall be FIFTY THOUSAND
(P50,000.00), Philippine Currency. All rental payments shall be payable to the LESSOR.

4. DEPOSIT. That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to the rent for THREE (3) MONTHS or the sum of ONE
HUNDRED FIFTY THOUSAND (P150,000.00), Philippine Currency. wherein the two (2) months
deposit shall be applied as rent for the 11th and 12th months and the remaining one (1) month
deposit shall answer partially for damages and any other obligations, for utilities such as Water,
Electricity, CATV, Telephone, Association Dues or resulting from violation(s) of any of the
provision of this contract.

5. ASSIGNMENT/SUBLEASE/TRANSFER OF RIGHTS. The LESSEE shall not, directly or

indirectly, sub-lease, assign, transfer, convey, or in any manner encumber the right to the leased
premises, in whole or in part, without the express written consent of the LESSOR.

6. ALTERATION, ADDITION, AND IMPROVEMENT. The LESSEE shall not make any alteration,
installation, improvement, or any addition in the leased premises without the prior written consent
of the Landlord, and the same shall, upon termination of the contract, automatically become the
property of the LESSOR without need of any reimbursement.

7. REPAIRS AND MAINTENANCE OF LEASED PREMISES. The LESSEE agrees to undertake

at its own expense any necessary repairs and/or maintenance work on the leased premises
including its facilities without right of reimbursement from the LESSOR. The LESSEE shall take
good care of the Lease Premises and shall be responsible for any damage, breakage, or loss not
otherwise accountable to ordinary wear and tear.

8. PUBLIC UTILITIES. All expenses for utilities such as but not limited to light, water, telephone,
internet connection, garbage disposal, association dues, etc., incurred for use of the premises
shall be for the sole account of the LESSEE. The LESSOR is free, absolutely and unconditionally,
from any and all liability from any damages or charges arising out of the use of the Lease Premises
or any of its facilities.

9. PROHIBITIONS. The LESSEE shall not bring into the premises flammable goods, explosive
materials, dangerous chemicals, prohibited drugs, or other articles which will increase the fire
hazards of the premises or any other article which the LESSOR may prohibit.

The LESSEE shall not claim any loss or damage on account of necessary work that the LESSOR
may order to be done in the building and which would in any way interrupt its use of the leased
premises.

The LESSOR reserves the right to prescribe or limit the weight of any heavy equipment or article
to be placed in the leased premises, including the right to designate the position or location for
such heavy objects within the leased premises, for reasons of security and structural safety.

The LESSEE, LESSEE’S family, Relatives, and Visitors shall comply with any and all reasonable
rules and regulations which may be promulgated from time to time by the LESSOR and/or the
and with all the rules, regulations, ordinances and laws made by the duly constituted local or
national authorities arising from or regarding the use, occupancy, and sanitation of the leased
premises.

2
The LESSEE shall indemnify and hold harmless the LESSOR against all actions, suits, damages
and claims that whatsoever may be brought by reason of the non-observance of the said rules,
regulations, ordinances, or laws, without prejudice to the right of the LESSOR to cancel this
contract for such causes.

10. LESSOR’S LIEN. It is agreed that the unpaid rents and charges payable by the LESSEE to
the LESSOR under this contract shall constitute a preferred lien on all the personal properties of
the LESSEE existing in the leased premises in accordance with Art 2241 and Art 2243 of the New
Civil Code. For this purpose, the LESSOR or her agents are hereby authorized to prevent the
removal of the said properties from the leased premises and/or demand their return from any
possessor should they have been removed without the written consent of the LESSOR.

11. DEFAULT PAYMENT. In case of default by the LESSEE in the payment of the rent, such as
when the checks are dishonored, the LESSOR at its option may terminate this contract and eject
the LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default
of payment for One (1) month and may forfeit whatever rental deposit or advances have been
given by the LESSEE.

12. SUB-LEASE. The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall the
LESSEE assign its rights hereunder to any other person or entity and no right of interest thereto
or therein shall be conferred on or vested in anyone by the LESSEE without the LESSOR'S written
approval.

13. PUBLIC UTILITIES. The LESSEE shall pay for its telephone, electric, cable TV, water,
Internet, association dues and other public services and utilities during the duration of the lease.

14. FORCE MAJEURE. If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated without
compensation by the LESSOR or by the LESSEE by notice in writing to the other.

15. LESSOR'S RIGHT OF ENTRY. The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE
or its representative at any reasonable hour to examine the same or make repairs therein or for
the operation and maintenance of the building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.

16. EXPIRATION 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 premises with
all corresponding keys and in as good and tenable condition as the same is now, ordinary wear
and tear expected devoid of all occupants, movable furniture, articles and effects of any kind.
Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at
the latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to pay
rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the LESSEE shall
have complied with the terms hereof. The same penalty shall be imposed in case the LESSEE
fails to leave the premises after the expiration of this Contract of Lease or termination for any
reason whatsoever.

3
17. JUDICIAL RELIEF. Should any one of the parties herein be compelled to seek judicial relief
against the other, the losing party shall pay an amount of One Hundred (100) % of the amount
clamed in the complaint as attorney's fees which shall in no case be less than P50,000.00 pesos
in addition to other cost and damages which the said party may be entitled to under the law.

18. VALIDITY. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns.

IN WITNESS WHEREOF, the LESSOR and the LESSEE have signed this contract on 13th day
of OCTOBER, 2023 at TAGUIG CITY, PHILIPPINES.

MANUEL B. CARMELA G.
MANUEL B. CORPUZ CARMELA G. DE CASTRO
LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

CATHERINE K.. RYAN G.

CATHERINE K. FONTIVEROS RYAN G. CORPUZ
WITNESS WITNESS

4
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

)S.S.

BEFORE ME, a Notary Public for and in Quezon City this day of 15 September 2023 personally
appeared the following persons:

NAME GOVERNMENT I.D. NO. DATE/PLACE ISSUED

Manuel B. Corpuz 98765987 01/01/2014, Tacloban City
Carmela G. De Castro 76654387 01/02/2015, Quezon City
Catherine K. Fontiveros 72683674 09/09/16, Caloocan City
Ryan G. Corpuz 09087365 07/06/17, Pasig CIty

Known to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledged to me that the same is their own free and voluntary act and deed and the
free and voluntary act and deed of the corporation represented herein.

This instrument wherein the acknowledgement clause is written, signed by the parties together
with their instrumental witnesses on each and every page hereof, sealed with my notarial seal,
pertains to a CONTRACT OF LEASE.

WITNESS MY HAND AND SEAL on this 13th day of October 2023 at Taguig City, Philippines.

Doc. No. 0076

Page No. 0089 NOTARY PUBLIC

Book No. 0012

Series of 2023

Thea Bernardo
ATTY. THEA CLARISSE F. BERNARDO
Notary Public- City of Taguig
Taguig. Np. No.0015-16, Unit 09/23/23
Lpb No. 10999876-9/09/87, Taguig City
Roll No. 145678 Mcl4 V-0098 678 Until 6/17/23
Barizo & Associates, Taguig City