Advertising Space Lease Contract

LESSOR: _____________________________.

TENANT: _________________________.

CO-TENANT: _________________________.

LEASED SPACE: _______________________ FROM ___________________.

Among the signatories, namely ___________________, of legal age and resident of the city of
___________, identified with the citizenship card _______________, in his capacity as General
Manager, acts in the Name and Legal Representation of ___________________, who for the
purposes of this contract is will be called THE LESSOR, on the one hand; and
______________________, of legal age and resident of the city __________, identified with the
citizenship card __________________, in his capacity as Manager and Legal Representative,
acts in the Name and Legal Representation of ______________________________, who for
the purposes of this contract will be called THE LESSEE, This contract has been concluded,
which will be governed by the following clauses:

CLAUSE 1. OBJECT : THE LESSOR delivers to the LESSEE, and they receive, as a lease, the
______________________, located in _____________, located in Carrera ____________, of
the official nomenclature of __________. This space borders on the South side with
_______________, on the North side with ________________, on the Western side with
_______________, on the Eastern side with _____________.

CLAUSE 2. DESTINATION: THE LESSEE is obliged to allocate the space that he receives
under this contract to _____________________________ and not to change its destination.

CLAUSE 3. DURATION: The term of the contract is ____________ months and will begin to be
counted from the day on which the Certificate of Delivery of the space is signed, prior to
compliance with the requirements demanded of the tenant, such as: The signing of the contract,
the constitution and approval of the single compliance policy.

PARAGRAPH 1. If at the expiration of this period neither of the parties has expressed their
intention to terminate it, it will be understood as extended for the term of _____________,
provided that the lessee has fulfilled the obligations under his or her responsibility and agrees to
the rent adjustments. .

PARAGRAPH 2. In the event of extension, the parties agree that the rental value will be
readjusted as of ________________ of each year in a percentage equivalent to the CPI set by
the Government for the immediately preceding year, starting on _________ of the year
________.

PARAGRAPH 3. THE LESSOR is especially obliged to deliver to THE LESSEE the rented
____________. This obligation has been fulfilled on the date on which the receipt of the
_________ is signed, and therefore THE LESSEE declares to have received it to his/her
satisfaction, along with the elements that form part of it.

CLAUSE 4. LEASE VALUE: THE LESSEE will pay THE LESSOR for the rental value of
__________ the sum of ________________, monthly plus VAT.

PARAGRAPH 1. THE LESSEE will pay the rental value within ___________ days of each
monthly period, at the offices of THE LESSOR.
PARAGRAPH 2. In case of default in the payment of the rental value, THE LESSEE will pay the
LESSOR the legal default interest on the unpaid balance. For this purpose, article 884 of the
Commercial Code will be applied.

CLAUSE 5. PAYMENT OF SERVICES, FEES, TAXES, CONTRIBUTIONS AND LEGAL

SANCTIONS: The payment of public services that the space is equipped with, as well as the
payment of sanctions or fines that may be generated by improper use, are the responsibility of
THE LESSEE. of the same. The payment of taxes that correspond to him, depending on the
nature of his business, will also be the responsibility of THE LESSEE.

PARAGRAPH 1. THE LESSEE is obliged to promptly pay said accounts and to maintain the
respective facilities and to submit to the regulations of the providing company.

PARAGRAPH 2. If, due to the fault of THE LESSEE, some (s) and/or all services are
suspended, he or she must pay the LESSOR the overdue accounts and the expenses required
for their reinstatement.

PARAGRAPH 3. In case of default in the payment of public services, THE LESSEE will pay
THE LESSOR the legal default interest on the unpaid balance.

CLAUSE 6. ASSIGNMENT AND SUBCONTRACTS: THE LESSEE may not assign or sublease
the space it receives for lease, without prior written permission for each case, given by the
General Management of the LESSOR Company.

CLAUSE 7. WAIVER OF THE REQUIREMENTS OF THE LAW: THE LESSEE expressly states
that, from now on, he/she waives all the requirements stipulated by the Law, especially in case
of default, eviction
(Article 2035 of the Colombian Civil Code), or delivery due to expiration of the contract.

CLAUSE 8. IMPROVEMENTS: THE LESSEE may not make locational improvements inside or
outside the space he or she receives for lease; They are only authorized to make the necessary
conditioning for the development of the contractual object, whose expenses will be borne
exclusively by THE LESSEE, and the elements used in the conditioning will become the
exclusive property of THE LESSOR, once the contract has ended. THE LESSEE waives any
claim for compensation or benefits due to repairs and/or improvements without prior and
express consent of the LESSOR.

CLAUSE 9. SIGNALING: THE LESSEE will comply with the rules of the Operating Manual and
the current Horizontal Property Regulations.

CLAUSE 10. MAINTENANCE: It is the sole responsibility of THE LESSEE to maintain the
space he or she receives for lease. To this end, the maintenance of those objects that, due to
normal use, are susceptible to deterioration or damage will be at your own risk and expense; In
addition, it will ensure by all means at its disposal, the good presentation and conservation in
good condition of the space it receives for lease.

CLAUSE 11. SOLIDARITY: The Tenants (tenant and co-tenant) are jointly and severally bound
by each and every one of the stipulations considered in this contract, so that THE LESSOR can
make them effective against any of them in the terms of the law.

CLAUSE 12. TERMINATION OF THE CONTRACT: Any of the following points are grounds for
the termination of this contract.

1). Expiration of the agreed period with prior notice, given fifteen (15) days in advance.

2). Mutual consent of the contracting parties.

3). Failure of THE LESSEE to comply with any of the clauses agreed here, and especially in
case of default in the payment of the rental value.
4). Change of destination of the space by THE LESSEE.

5). Non-compliance by THE LESSEE , in the payment of public services, sanctions or fines, etc.

6). Make improvements or changes to the physical plant, without prior permission from THE
LESSOR.

7). The other causes contemplated by the Law.

CLAUSE 13. ANNEXES: It is declared, and so accepted by the parties, that the following
documents form an integral and essential part of this contract:

________________________
________________________
________________________
________________________.

CLAUSE 14. ADDRESS: For all legal and administrative purposes, the city of Medellín,
Department of Antioquía, Republic of Colombia is set as address.

CLAUSE 15. LEGALIZATION OF THE CONTRACT: THE LESSEE assumes and is exclusively
responsible for the obligation to comply within a period of five (5) business days, counted from
the date of this contract, with the following requirements.

1) Signing of the contract.

2) Constitution of the Compliance policy.

3) Publication.

THE LESSOR will deliver to THE LESSEE this contract, in original and a copy, for the purposes
of proceeding with the legalization procedures and return of the original within the indicated
term.

CLAUSE 16. INSURANCE: EXEMPTION OF LIABILITY: THE LESSEE is obliged to insure all
furniture, belongings and merchandise that remain in the space, because THE LESSOR, by the
mere fact of leasing, does not assume any responsibility with THE LESSEE .

CLAUSE 17. THE LESSEE declares that he is not subject to any of the disqualifications and
incompatibilities established by Law 80 of 1993 ( Regulated Decree 734 of 2012 ).

CLAUSE 18. SINGLE COMPLIANCE POLICY : THE LESSEE is obliged to establish, at his or
her expense and in favor of THE LESSOR, a SINGLE COMPLIANCE POLICY: For an amount
equal to twenty percent (20%) of the Lease value + VAT, with a validity equal to the of the
contract and ninety (90) more days.

CLAUSE 19. AUTHORIZATION: THE LESSEES authorize the LESSOR so that in the case of
non-compliance with the obligation(s), it be reported to the data banks of FENALCO
(PÓCREDITO) or any other.

CLAUSE 20. EXCEPTIONAL CLAUSES: This contract includes the exceptional clauses
established by Law 80 of 1993 ( Regulated Decree 734 of 2012 ) : Article 15. From the Unilateral
Interpretation, Article 16. Of the Unilateral Modification, Article 17. Of Unilateral Termination,
Article 18. Of Expiration and its Effects.