CONTRACT OF LEASE

This Contract of lease, made and entered into this _________________ at ___________
_____________Makati city, Metro Manila, Philippines by and between:

FRANCISCO D. DOPLON, of legal age, Filipino, married to IMELDA

DOPLON, with address at 69 F. Reyes St., BF Executive Triangle, Las Pinas City,
Metro Manila Philippines, hereinafter referred to as the “LESSOR”

-and-

TECHNUS PHILS. CONSTRUCTION CORPORATION, a corporation duly

organized and existing in accordance with Philippine laws, with business address at
UNIT G 5/F STRATA 100 BUILDING DON F. ORTIGAS JR. ROAD ORTIGAS
CENTRE, SAN ANTONIO PASIG CITY represented in this contract by its duly-
authorized Vice-President, MASANORI WATANABE of legal age, with address Unit
G, 5th floor Strata 100 Bldg. Don F. Ortigas Jr. road, Ortigas Center, San Antonio,
Pasig City, hereinafter referred to as the “LESSEE”.

WITNESSETH:

WHEREAS, the LESSOR is the assignee of ARTONE DESIGN AND

COMMUNICATIONS, INC., the registered legal and absolute owner of the Unit 1906 19th floor
Cityland Pasong Tamo Tower, 2210 Chino Roces Avenue, Makati City Metro Manila (the
“Condominium”) consisting of a floor area of approximately 116.60 square meters more or less
(semi-furnished), and one-third (1/3) of parking slots 220 and 221 located at the 2nd floor of the
Condominium , hereinafter referred to as the “LEASE PREMISES”.
WHEREAS, the LESSEE desires to lease the above mentioned premises and the
LESSOR is willing to lease the same unto the LESSEE subject to the terms and conditions
hereinafter specified:
NOW THEREFORE, for and in consideration of the foregoing and mutual covenants
hereinafter contained, the LESSOR has these presents does hereby let and lease unto the
LESSEE , the aforesaid LEASED PREMISES and the LESSEE hereby accepts the same by way
of lease, subject to the following terms and conditions:
1. PERIOD OF LEASE- This lease shall be for the period of TWO (2) YEARS from May 20,
2019 to May 19, 2021.This Contract shall be renewable under such terms and conditions
by mutual agreement of both parties in which case , the LESSEE must signify his intention
to terminate or renew by written notice thereof the LESSOR at least thirty (30) days prior
to expiration of this contract.

2. AMOUNT OF RENT – The parties herein agreed that the net monthly rental of the
LEASED PREMISES shall be PESOS: TWENTY NINE THOUSAND FIVE HUNDRED
SIX AND 60/100 (Php 29,506.60). for Unit 1906 and PESOS: THREE THOUSAND (P
3,000.00) for 1/3 of Parking Slots 220 and 221 or a total of PESOS: THIRTY TWO
THOUSAND FIVE HUNDRED SIX AND 60/100 (P32,506.60). The association dues,
value added tax, and withholding tax shall be for the account of the LESSEE. The
REAL ESTATE TAX shall be for the account of the LESSOR. The LESSEE shall pay the

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 withholding tax to the BIR every month and will submit FORM 2307 to the LESSOR within
three (3) days after payment.

3. MANNER OF PAYMENT – Upon signing of this Contract, the LESSEE shall pay the
following to LESSOR:

1. THREE (3) MONTHS SECURITY DEPOSIT P 97,519.80

2. SIX (6) MONTHS ADVANCE RENTAL 195,039.60

TOTAL P292,559.40
==========
ADVANCE RENTAL CHECK WILL BE APPLIED AS MONTHLY RENTAL FOR THE
MONTHS OF MAY 20, 2019 TO NOVEMBER 19, 2019.

4. The Security Deposit shall be applied and retained as security deposit during the lease
period to take care of the unpaid bills such as water, electricity and telephone including
damages on the leased property and improvements thereon, if there is any and also serve
as a guarantee for the faithful compliance to the provisions of this contract. However , if
the security deposit is not enough to settle the unpaid bills such as, but not limited to water,
electricity, telephone, internet, long distance and overseas calls, the LESSEE is obliged
to settle the same to the LESSOR before the former is considered release from the
obligation under this contract. The security deposit or the balance thereof shall be
refunded without interest by the LESSOR to the LESSEE within one (1) month after the
expiration of the contract, provided that the LESSEE settles all bills and damages, if there
are any. The security deposit shall not be applied as rental.

5. BUILDING ASSOCIATION DUES – The LESSEE undertakes to pay solely for the
Cityland Pasong Tamo Tower association dues. A copy of the payment shall be submitted
to the LESSOR on or before the 10th day of each month.

6. UTILITIES – All expenses on utilities such as water, electricity, internet, telephone bills
etc., shall be for the account of the LESSEE.

7. PERMITTED USE OF THE PREMISES – As discussed and agreed upon by both parties,
the LEASED PREMISES shall be used as an office space only and for no other purpose
without the prior written consent of the LESSOR. The LESSOR guarantees that the
LEASED PREMISES will be used as an office space.

8. SUBLEASE – The LEASED PREMISES shall not be subleased without the prior written
consent of the LESSOR.

9. HOUSE RULES AND REGULATIONS – The LESSEE agrees to abide by the existing
rules and regulations promulgated by the Cityland Pasong Tamo Tower Association
(House Rules). The House Rules shall be herein attached as Annex “A”.

10. FIRE HAZARDS AND OBNOXIOUS SUBSTANCES, DANGEROUS AND PROHIBITED

MATERIALS – The LESSEE shall not bring in, keep, deposit or store in the LEASED
PREMISES any obnoxious substance or inflammable materials that might constitute a fire
hazard nor any prohibited drugs and paraphernalia including guns, explosive materials
and bladed weapons.

11. IMPROVEMENTS – The LESSEE shall not make any changes, alterations or
improvements in the LEASED PREMISES without the prior written consent of the
LESSOR. However, any permanent improvements so introduced by the LESSEE in the
LEASED PREMISES shall, upon termination of the Contract, automatically becomes the

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 property of the LESSOR without any obligation on the latter’s part to pay or refund its
value or cost to the LESSEE.

12. SANITATION AND REPAIRS – The LESSEE shall keep the property clean and in good
sanitary condition at all times. The LESSOR shall be responsible for major repair works
such as plumbing but all other remodeling requirements by the LESSEE shall be for the
account of the LESSEE. The LEASED PREMISES will be turned over to the LESSEE,
clean and in good tenantable condition. The LESSOR shall NOT be responsible for any
major repairs on the LEASED PREMISES and on the water, electrical and sewage
installations caused by fault or negligence of the LESSEE , members of the household,
visitors or guests.

Minor repairs on the LEASED PREMISES costing less that TEN THOUSAND PESOS
(PHP 10,000.00) for each occurrence shall be for the account of the LESSEE.

In the event of fire and/or water damages in the LEASED PREMISES due to the fault of
LESSEE , its employees, visitors or guests, the LESSEE shall take full responsibility in
paying for the cost of the damages.

13. TAXES AND INSURANCE – Real Estate Taxes, Fire Insurance Charges and other
government assessments shall be for the account of the LESSOR.

14. INSPECTION OF PREMISES – The LESSEE shall maintain the LEASED PREMISES in
good and tenantable condition and for such purpose the LESSOR or any of her authorized
representatives reserves the right at reasonable times, with prior notice, to enter and to
inspect the premises and to make evaluations, estimates and plan for the necessary
actions or repairs therefrom.

15. FORTUITOUS EVENTS – If for reasons the control of the LESSEE and agreed upon by
the LESSOR, instances of force majeure and/or fortuitous events, including but not limited
to fire, typhoons, earthquakes, floods, riots, acts of state, the LEASED PREMISES was
damaged to the extent that it is totally destroyed and/or tenantable for a period exceeding
one (1) month, the LESSEE shall have the option to terminate this Contract of Lease and
the LESSOR shall refund to LESSEE any and all unused advance rentals within one (1)
month from the date of termination, without penalties and/or changes or deposits subject
to clause.

16. SALE, TRANSFER OR MORTGAGE – The LESSOR may sell , transfer or encumber the
LEASED PREMISES upon six (6) months prior written notice to LESSEE. In the event
any sale, ownership transfer, mortgage or any encumbrances made on the LEASED
PREMISES, the LESSOR shall warrant that the purchaser, new owner or mortgagee, shall
respect and abide by all the terms and conditions of this contract; Provided, that any sale
of the Leased Premises shall necessarily include the appurtenant Units 1904 and 1905 of
CityLand Pasong Tamo Tower.

17. PRE-TERMINATION CLAUSE – Should the LESSEE pre-terminate this contract for any
reasons whatsoever, except for fortuitous events, less than six (6) months from start date
on the contract, the aforementioned two (2) months security deposit shall be forfeited in
favor of the LESSOR.

18. THIRD PARTY LIABILITY – The LESSEE shall hold the LESSOR free and harmless from
damages or liability or responsibility to any person or property arising out of consequence
of the use of the LEASED PREMISES by the LESSEE , its agents or employees.

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 19. RETURN OF THE LEASED PREMISES – Upon termination of this contract, unless
renewed or extended, the LESSEE shall clear or present to LESSOR a full accounting of
liabilities on all unpaid utility bills and accountabilities pertaining to the restoration of the
LEASED PREMISES ,should there be any. The LEASED PREMISES shall be turned over
by the LESSEE to the LESSOR in a clean and orderly manner and in good order and
condition.

20. PENAL PROVISION – The LESSEE agrees that all covenants and agreements herein
contained shall be deemed as mutually binding, and this contract, at the discretion of the
LESSOR, may be terminated or cancelled forthwith for reason of default or violation by
LESSEE and the LESSEE shall be liable for any damages, actual and consequential,
including costs of liquidation proceedings resulting from such default, violation and/or
termination.

21. DELIQUENCY – Should the LESSEE become delinquent in the payment of the rental
(e.g. the issuance of bouncing check where the LESSEE is unable to replace it within
seven (7) days and other charges or in the event payment is delayed for fifteen (15) days
or more, the LESSEE hereby appoints the LESSOR as Attorney-in-fact with full power
and authority to enter, occupy, padlock, secure or otherwise take full and complete
physical possession and control of the LEASED PREMISES and/ or disconnect the
utilities thereof including the power to take possession and inventory of all personal
properties found therein belonging to the LESSEE. The LESSOR has the right, after taking
the personal property of the LESSEE , to sell them in payment of delayed or non payment
of rentals and utilities to cover the LESSOR’S losses without the necessity of resorting to
court action.

22. PHILIPPINE LAW – This Contract shall be governed by the laws of the Philippines. In the
event of any dispute arising out of the Contract, venue shall be the courts of Makati City.

IN WITNESS WHEREOF, the parties have hereunto set their hands at the place and date
above written.

TECHNUS PHILS. CONSTRUCTION CORPORATION

AS REPRESENTED BY:

________________________ _______________________________
FRANCISCO D. DOPLON MASANORI WATANABE
LESSOR LESSEE

SIGNED IN THE PRESENCE OF:

_______________________________ _______________________________

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 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

}

ACKNOWLEDGEMENT
BEFORE ME, a notary public for and in the above place and for ______________,
Philippines, this ______________, ________ personally appeared the following:
NAME TIN/Passport No./DriversLicense DATE/PLACE ISSUED
MASANORI WATANABI ____________________ _____________________
TECHNUS PHILIPPINES, INC.
FRANCISCO D. DOPLON ___________________ ______________________

ALL KNOWN TO ME and to me known to be the same persons who executed the foregoing
Contract of Lease consisting of FIVE (5) PAGES and they acknowledged to me that they
authorized to represent the parties therein and the same is their free and voluntary act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date
and at the place above written.

Doc. No. ______

Page No. ______
Book No. ______
Series of _______

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 SCHEDULE ONE

LESSEE: TECHNUS PHILS. CONSTRUCTION CORPORATION

REPRESENTED BY:

MASANORI WATANABE
EXECUTIVE VICE-PRESIDENT

LESSOR:
FRANCISCO D. DOPLON

LEASED PREMISES: UNITS 1906 and 1/3 of Parking Slots 220 and 221
CITYLAND PASONG TAMO TOWER
2210 CHINO ROCES AVENUE, MAKATI CITY

TERM: TWO (2) YEARS

AMOUNT OF RENT: PHP 32,506.60 @ P730 PER SQ. METER

SECURITY DEPOSIT: THREE (3) MONTHS SECURITY DEPOSIT

ADVANCE RENTAL: SIX (6) MONTHS ADVANCE RENTAL

ASSOCIATION DUES: UNIT 1906 P2,829.40 PER MONTH

THE UNIT WILL BE DELIVERED VACANT AND BROOM CLEANED.

THE SPLIT TYPE AIRCONDITIONER INSTALLED IN THE UNITS WILL BE PART OF THE
FIXTURES IN THE LEASED PREMISES.

LEASE START DATE: MAY 20, 2019

LEASE EXPIRY DATE: MAY 19, 2021

ANNEX TWO
LIST OF FURNITURES AND FIXTURES INCLUDED IN THE RENTAL:
1. SPLIT TYPE AIRCONDITIONER UNIT 1906

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