BUSINESS SPACE LEASE AGREEMENT KNOW ALL MEN BY THESE PRESENTS: This BUSINESS SPACE LEASE AGREEMENT is executed

and entered into by and between: ANNE S. SAMANIEGO, single, of legal age, Filipino citizen, with residence and postal address at 45 Leonard Wood Rd , !aguio "ity, #hilippines, hereinafter referred to as the LESSOR$ %and% ELVI D. LEE, single, of legal age, Filipino citizen, with residence and postal address at &' (ines )iew, !aguio "ity, #hilippines, hereinafter referred to as the LESSEE WITNESSETH: PREMISES LEASED: The L*++,R shall allow the L*++** to rent-lease the lower and-or base.ent portion of a "o..ercial !uilding located at /uniper !ldg , !onifcaio +t , !aguio "ity, #hilippines The base.ent portion has two 0'1 partitions with separate entries, 2iz: 3 ' ,ne partition with ingress fro. the front gate-garage which is not included in the lease contract$ ,ne partition with entry outside and ad4acent the gate is the exact location of the leased pre.ises

!eginning fro. the 5orthwest side along the .ain road fronting the gate until the interior portion 5ortheast to +outheast portion or specifically the left portion of the base.ent fronting the .ain gate is not included the lease The L*++**6+ occupation is only and specifically outside the .ain gate6s peri.eter or the right portion of the residential building6s base.ent situated at +outhwest until the +outheast portion with reference point facing the residential building fro. the .ain road 0+u.ulong +treet1$ PERIOD OF CONTRACT, RENTAL, DEPOSIT, DUE DATE AND SURCHARGES: This contract of lease shall be binding and enforced for the period of one 031 year beginning fro. /anuary 35, '738 until/anuary 34, '734 pro2ided howe2er, that the L*++** shall pay proportional rent for the period 9pril 38, '733 to 9pril 87, '733 The contract shall not be renewed after 9pril 87, '73' :n case there is 2alid cause to pre%ter.inate this contract, the party pre% ter.inating the sa.e shall gi2e notice to the other at least a .onth prior to the effecti2ity of pre%ter.ination The .onthly rental shall be F:FT**5 T;,<+95= #*+,+ 0#h#35,777 771 payable e2ery last day of the applicable .onth starting on February '>, '738 The rental for the period /anuary 35, '738 to /anuary 83, '738 a.ounting to #h#?, 577 77 shall be paid not later than /anuary 83, '738 The L*++** agrees that the deposit in the a.ount of TW*5T@ T;,<+95= #*+,+ 0#h#'7,777 771for the pre2ious lease contract shall apply to this contract

The deposit shall be returned to the L*++,R one .onth after the expiration of this contract less whate2er utility bills and da.ages incurred by the L*++,R :n the e2ent that the L*++** would be delayed in the financial obligation and the pay.ent would only taAe effect on or before 37 th of the succeeding .onth, a 37th surcharge is added to the pre2ious .onthly rental dues 9nother 37 th surcharge would be .eted the delayed pay.ent if such would be concluded after the succeeding .onth6s ending TERMS AND CONDITIONS OF THE LEASE: 3 ' The L*++** shall, at his sole exclusi2e account and responsibility, pay the electric and water bills pertaining to the leased pre.ises$ The L*++** shall not .aAe any alteration, .odification and-or change or in any .anner introduced i.pro2e.ents or repair in the leased pre.ises whether .inor or .a4or, te.porary or per.anent, unless otherwise with the written consent and appro2al of the L*++,R The L*++** is legally liable of any da.ages incurred in the alteration of the leased property and shall at her expense pay such da.ages

+pecifically for i.pro2e.ents of the rented pre.ises negotiated to the L*++,R, expenses shall be shouldered solely by the L*++** as dee. fit for its intended purposes These i.pro2e.ents shall in no way be destroyed and-or altered by the L*++** should this contract be ter.inated with reason or due cause$ 8 4 5 The L*++** shall in no case sub%lease the rented pre.ises$ The L*++** shall be obligated to .aintain sanitation in the pre.ises and obser2e proper waste disposal of garbage$ The L*++** is obliged to install anti%fire gadgets and-or fire extinguishers for fire pre2ention which shall not be taAen away after the ter.ination of the contract The L*++** shall strictly prohibit s.oAing in the rented pre.ises$ LiBuefied gas 0L#C1 for cooAing purpose only is allowed for use 5o Dfla..ableE .aterial of any Aind whatsoe2er shall be used, stored or .aintained by the L*++** in the leased pre.ises

&

IN WITNESS WHEREOF, the parties ha2e hereunto set their hands this 33 th day of /anuary '738 in the "ity of !aguio, #hilippines ANNE S. SAMANIEGO Lessor SIGNED IN THE PRESENCE OF: MAXENE GEM F. TAWIL HONEYBELLE A. GAPAS ELVI D. LEE Lessee

ACKNOWLEDGMENT R*#<!L:" ,F T;* #;:L:##:5*+F =,5*: :5 T;* ":T@ ,F !9C<:, F+ + G HHHHHHHHHHHHHHHHHHHHHHHHHHH G

!*F,R* (*, a 5otary #ublic in and for the "ity of !aguio, this 33 th day of /anuary '738personally appeared (9*955* + +9(95:*C, and *L):5 = L** personally Anown to .e to be the sa.e persons who 2oluntary executed the foregoing !usiness +pace Lease 9gree.ent which they acAnowledged before .e as their free and 2oluntary acts and deeds This instru.ent consisting of T;R** 081 pages, including the page on which this acAnowledg.ent is written has been signed on the left .argin of each and e2ery page thereof by the parties and their witnesses W:T5*++ (@ ;95= 95= +*9L

Doc. No. _60__; Page No. __12___; Boo No. I ; Ser!eso"201#

LOVELI ANNE BACANI PUBLICO No$ar% P&'(!c <ntil =ece.ber 83, '734 #TR 5o 7'78I7-!aguio "ity-73%33%33 Roll of 9tty 5o I7787'8 :!# Lifeti.e (e.bership 5o I783I> !aguio%!enguet