CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of lease, entered into and executed by and between:

GLORIA SANTOS, of legal age, widow, Filipino, with resiedence at JA

299 Pico, Km. 4, La Trinidad, Benguet, Philippines, hereinafter referred to as the
LESSOR;

-AND-

Sps. DINO C. GUSTO AND JUANA M.GUSTO, likewise of legal age

Filipino citizens, and with residence and postal addres at JA-311 Pico, Km. 4, La
Trinidad, Benguet, and hereinafrter referred to as the LESSEE;

W I T N E S S E T H:

The LESSOR is the owner of a commercial space (SPACE) located at JA

299 Pico, Km. 4, La Trinidad, Benguet;

That for the consideration of the rental to be paid by the LESSEE unto the
LESSOR, the said LESSOR does hereby lease unto the LESSEES the above-
mentioned SPACE, subject to the following terms and conditions:

I. TERM OF LEASE
This contract shall be for a period of TWO (2) YERAS, beginning on
____________, 2015 and ending on __________________, 2017
renewable upon agreement of the parties.

II. RENTALS:
The monthly rental shall be P15,000.00, Philippine currency. Upon
the execution of this contract however, the LESSEES agree as they hereby
agree to make an advance rental equivalent to three (3) or the amount
of FORTY FIVE THOUSAND PESOS (P45,000.00).

III. USE/PURPOSE:
The LESSEES shall use the leased premises as extension of their current
business including glass and aluminium works/supply.

IV. OBLIGATIONS OF THE LESSOR/LESSEE:

Pursuant to Article 1654 of the New Civil Code, the Lessor is obliged to (a)
Deliver the thing which is the object of the contract in such a condition as
to render it fit for the use intended; (b) To make the same during the
lease all the necessary repairs in order to keep it suitable for the use to
which it has been devoted and (c) To maintain the Lessee(s) in the
peaceful and adequate enjoyment of the lease for the entire duration of
the contaract.
 Pursuant to Article 1657 of the New Civil Code, the Lessee is obliged to (a)
To pay the price of the lease according to the terms stipulated; (b) To use
the thing leased as a diligent father of a family, devoting it to the use
stipulated; and (c) To pay the expenses of the deed of lease.

V. MAINTENACE:
For the purposes of maintaining the leased premises in good condition,
the LESSEES hereby allows the LESSOR and his duly authorized
representative to conduct inspection thereof at any reasonable time while
the OCCUPANTS/LESSEES or his representatives are present.

VI. CHARGES/SERVICES:
The LESSEES shall pay all city services such as but not limited to electric,
water, telephone, and all other city services.

VII. DAMAGES:
Damages on the leased premises brought about by the negligence or
carelessness of the LESSEES or their representatives shall be at their own
account and expense. Those brought about by force majeure and ordinary
wear and tear shall be for the account of the LESSOR.

VIII. DELIVERY:
The Leased premise is in good and habitable condition when delivered to
the LESSEES and MUST be in the same condition when turned over at the
termination of the contract.

8.a The LESSEES shall immediately deliver/turn over the leased premises
unto the LESSOR at the termination of this contract without the need of
any demand; and
8.b Should the LESSEES fail to make such delivery, the LESSOR is hereby
authorized by the LESSEES to apply reasonable force to obtain possession
of the leased premises without the necessity of a judicial action.

IX. LIRIGATION:

Any action or suit that may arise in connection with the enforcement,
interpretation or implementation of this contract is hereby agreed upon to
be brought or filed with the appropriate Courts in La Trinidad, Benguet to
the exclusion of all other venues.

WITNESS OUR HANDS this _______th day of _______________, 2015 in the

Municipality of La Trinidad, Benguet, Philippines.

GLORIA SANTOS
 Lessor

DINO C. GUSTO JUANA M. GUSTO

LESSEE LESSEE

SIGNED IN THE PRESENCE OF:

________________________ ___________________________

REPUBLIC OF THE PHILIPPINES)

LA TRINIDAD, BENGUET ) ss.

BEFORE ME, a notary public, for and in the Municipality of La Trinidad,

Province of Benguet, Philippines, appeared the above-named persons who represented
themselves to me to be the same persons who executed the foregoing instrument and
acknowledged to me the same in their free and voluntary deed.

I certify that the foregoing document consist of three (3) pages including this
page where this acknowledgement is written and that each and every page hereof has
been signed by the parties and their instrumental witnesses.

WITNESS MY HAND AND SEAL this __________ the day of __________,

2015 at La Trinidad, Benguet, Philippines.