LEASE AGREEMENT

KNOW ALL MEN BY THIS PRESENTS:

This Lease Agreement is made and executed by: ENGR. VICTOR V. ARCETA, and with office located at Mabini St. Reyes Village
Subd. Bugo, Cagayan de Oro City, herein after called the LESSOR/ADMINISTRATOR.
-and -
FIL-CREST TECHNICAL AND DEVELOPMENT CO. represented by ENGR. ALNIE D. EMANO with postal address Jericho St., Reyes
Village Subd., Bugo Cagayan de Oro Herein after called the LESSEE all of legal age, all Filipinos.

WITNESSETH:

Whereas, the LESSORS are the owner/administrator of shop space located at Jericho St. Reyes Subd. Phase 2, Bugo, Cagayan
de Oro City the subject matter of this Lease Agreement hereby lease unto the LESSEE under the following terms and
conditions:

1. PAYMENT. The following shall be paid at the signing of the lease contract:
1.1 Three (3) months advance payment rental PHP6,000.00.
1.2 Rental payments shall be made at the beginning of the month.
2. PERIOD OF LEASE. The term of the lease is for a period of 3 months from June 1,2017 up to August 31,2017.
3. USES OF LEASED PREMISES.
3.1 The LESSEE/LESSEES hereby expressly agrees and warrants that the leased premises shall be used by him or her
exclusively for commercial purposes for the immediate personnels.
4. POLITENESS, KINDNESS AND FRIENDLINESS TO OTHER LESSEES. Exercise politeness, kindness and friendliness to all
residents to promote peace and harmony in the premises.
5. CAR PARKING AND REPAIRS. Vehicle parking inside the shop is allowed. Visitors’ parking space shall be located
outside the premises.
6. COMPLIANCE WITH RULES AND REGULATIONS. The LESSEE shall comply with all laws, ordinances, regulations, and
orders promulgated by proper government authorities arising from the use, occupation and sanitation of the leased
premises. Non-compliance therewith shall be at the exclusive risk and expense of the LESSEE.
7. INSPECTION OF PREMISES. The LESSOR or her duly authorized representative shall have the right to inspect the
leased premises at any reasonable hour of the day.
8. REPORTING OF DEFECTS AND MALFUNCTIONS. The LESSEE shall promptly report to the LESSOR any building/facility
defect such as leaks (faucet, toilet, electrical and etc. Otherwise, the LESSEE shall be responsible for all unreported
damage/malfunction of building and facilities and corresponding cost of repair and increase utility bills.
9. USE OF BUILDING, NOISE, ETC. The household members of the LESSEE should exercise utmost care in the use of the
building and facilities at all times. Avoid loud talking and domestic quarrels. Do not vent anger on shop facilities.
Tone down radio, TV, House parties should not be noisy and rowdy and should end at night.
10. ALTERATION AND REPAIR; AUTHORIZED REPAIRMAN. The LESSEE hereby expressly acknowledges that the leased
premises is in good condition and agrees to keep the same such good condition. The LESSEE may undertake at his
exclusive expense, all repairs, improvements such as may be required to maintain the same in good state with PRIOR
WRITTEN CONSENT AND APPROVAL OF THE LESSOR. All improvements or alteration of whatsoever nature shall,
upon completion thereof from integral parts of the leased premises and shall not be removed there from but shall
belong to and become the exclusive property of the LESSORS. Repairmen must be properly compensated for the
installation of particular requirement or the repair damage caused by the LESSEE.
When damages or defect is caused by negligence or ignorance of LESSEE all cost of repair shall be charge to the
LESSEE. If the cause is structural or building facility cost is charged to LESSOR.
11. ELECTRICAL AND PLUMBING ALTERATIONS. The LESSEE shall not make alterations or change in the electrical or
plumbing installations within the leased premises without the prior written consent of the LESSOR.
12. CYLINDER CONTAINING FLAMMABLE GAS. The LESSEE shall place the cylinders in safe and allowable distance from
the inhabited area which may expose the leased premises to fire or increase the fire hazard of the building. The
LESSEE shall be provided at least 2 cylinders of fire extinguisher for the shop in case of fire emergency.
13. INSECT, PESTS, ELECTRIC AND WATER SUPPLY FAILURE. The LESSORS shall not be liable for the presence of bugs,
vermin, and ants or insect, if any, in the leased premises. The LESSORS shall not be liable for the failure of water
supply and/or electric current and other utilities in the premises.
14. CLEANLINESS, GARBAGE, PETS, ETC. The LESSEE shall keep the premises clean and shall minimize wear and tear
thereof. Keep the driveway clear of obstructions and garbage.
15. CURFEW AND SECURITY. Only office hours time from 7:00am to 8:00pm shall be operated inside the premises .
Working during Sunday and Special holidays shall be with prior written consent of the LESSOR. All LESSEE’S personnel
shall submit their bio-data to the LESSOR for security record. LESSEE personnel shall wear proper uniform for easy
identification. The LESSEE shall be provided security for his/her company. The LESSOR will not be held responsible
for injury, death, damage and losses of LESSE’S property and personnels.
16. EXPIRATION OF LEASE AGREEMENT. The LESSEE at the expiration of the term of the lease or cancellation of this
lease as herein provided will promptly deliver the said premises to the LESSORS in good condition in all respects,
reasonable wear and tear, expected, devoid of all occupants, furniture, articles and effects of any kind.
17. ENFORCEMENT OF AGREEMENT TERMS. The failure of the LESSORS to insist upon a strict enforcement of any of the
terms, conditions and covenants hereof shall not be deemed a relinquishment or waiver of any subsequent breach
or default of the terms and conditions herein contained, which shall not be deemed to have been made unless
expressed in writing and signed by the parties hereto.
18. CONFLICT RESOLUTION. Conflict between LESSEE and LESSOR are reported to the Barangay for mediation. When
conflicts are not resolved in the Barangay, the Barangay Officials gives the LESSORS clearance to file court action.

IN WITNESS WHREOF, these presents are signed at Cagayan de Oro City, Philippines on this _______day of
_________________.

ENGR. VICTOR V. ARCETA ENGR. ALNIE D. EMANO

LESSOR LESSEE

Res. Cert. No.____________________ Res. Cert. No._______________

Issued on: ____________________ Issued on: ________________
Issued at: ____________________ Issued at: ________________

SIGNED IN THE PRESENCE OF ___________________________ ______________________________

REPUBLIC OF THE PHILIPPINES)

Cagayan de Oro City ) S.S

Before me, Notary Public, in and of _________________________ on this ___________day of ______________,

2017 at Cagayan de Oro City personally appeared with their Residence Certificate Nos.

NAME CTC NO. DATE PLACE

1. VICTOR V. ARCETA ________________ ______________ ___________________

2. ALNIE D. EMANO ________________ ______________ ___________________

Both known to me and to me known to be same person who executed the foregoing CONTRACT OF LEASE, and
acknowledge to me that the same is their own free and voluntary act and deed.

WITNESS MY HAND AND SEAL this ________ day of_______________, 20_______.

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