RESIDENTIAL CONDO LEASE AGREEMENT This Residential CONDO Lease Agreement ("Lease") is made and effective this March

15, !1" #$ and #et%een Ma& Divina 'racia C& Dela Cr()& ("Less*r") and C)ariane +(garin etc& ("Tenant," %hether *ne *r m*re)& This Lease creates ,*int and several lia#ilit$ in the case *f m(lti-le Tenants& 1& PREMISES.& Less*r here#$ rents t* Tenant and Tenant acce-ts in its -resent c*nditi*n the .t(di* T$-e +are CONDO at f*ll*%ing address /nit A/015D Manila Residences +*c*#* 2&+& .t& 3rmita, Manila (the "CONDO")& & TERM& The term *f this Lease shall start *n March 15, !1", and end *n the March& 15, !15& 4n the event that Less*r is (na#le t* -r*vide the CONDO *n the e5act start date, then Less*r shall -r*vide the CONDO as s**n as -*ssi#le, and Tenant6s *#ligati*n t* -a$ rent shall a#ate d(ring s(ch -eri*d& Tenant shall n*t #e entitled t* an$ *ther remed$ f*r an$ dela$ in -r*viding the CONDO& 7& RENT& Tenant agrees t* -a$, %ith*(t demand, t* Less*r as rent f*r the CONDO the s(m *f 3ight Th*(sand 8ive 9(ndred :es*s (:;,5!!) -er m*nth in advance *n the first da$ *f each calendar m*nth, at /nit 15!< Manila Residences +*c*#*, *r at s(ch *ther -lace as Less*r ma$ designate& Less*r ma$ im-*se a late -a$ment charge *f : 5! -er da$ f*r an$ am*(nt that is m*re than five (5) da$s late& Rent %ill #e -r*rated if the term d*es n*t start *n the first da$ *f the m*nth *r f*r an$ *ther -artial m*nth *f the term& The m*nthl$ -a$ments shall -refera#l$ #e in 1 :ers*nal :*st1Dated Che=(es f*r 1 m*nths c*ntract and shall #e given in advance& "& SECURITY DEPOSIT& ( m*nths advance, 1 m*nth de-*sit ) /-*n e5ec(ti*n *f this Lease, Tenant de-*sits %ith Less*r T%ent$ 8ive Th*(sand 8ive 9(ndred :es*s (: 5,5!!), as sec(rit$ f*r the -erf*rmance #$ Tenant *f the terms *f this Lease t* #e ret(rned t* Tenant, %ith*(t interest, f*ll*%ing the f(ll and faithf(l -erf*rmance #$ Tenant *f this Lease& 4n the event *f damage t* the CONDO ca(sed #$ Tenant *r Tenant6s famil$, agents *r visit*rs, Less*r ma$ (se f(nds fr*m the de-*sit t* re-air, #(t is n*t limited t* this f(nd and Tenant remains lia#le& 5& QUIET ENJOYMENT& Less*r agrees that *n -a$ing the rent and -erf*rming the *#ligati*ns c*ntained in this Lease, Less*r %ill n*t interfere %ith Tenant6s -eacef(l (se and en,*$ment *f the CONDO& >& USE OF PREMISES& A& The CONDO shall #e (sed and *cc(-ied #$ Tenant e5cl(sivel$ as a -rivate single1famil$ residence& Neither the CONDO n*r an$ -art *f the CONDO *r $ard shall #e (sed at an$ time d(ring the term *f this Lease f*r the -(r-*se *f carr$ing *n an$ #(siness, -r*fessi*n, *r trade *f an$ ?ind, *r f*r an$ -(r-*se *ther than as a -rivate single1famil$ residence& 1 *f >

+& Tenant shall c*m-l$ %ith all the health and sanitar$ la%s, *rdinances, r(les, and *rders *f a--r*-riate g*vernmental a(th*rities and h*mes ass*ciati*ns, if an$, %ith res-ect t* the CONDO& <& NUMBER OF OCCUPANTS& Tenant agrees that the CONDO shall #e *cc(-ied #$ n* m*re than T9R33(7) -ers*ns, incl(ding n* m*re than T@O ( ) (nder the age *f eighteen (1;) $ears, %ith*(t the -ri*r %ritten c*nsent *f Less*r& ;& CONDITION OF PREMISES& Tenant agrees that Tenant has e5amined the CONDO, incl(ding the gr*(nds and all #(ildings and im-r*vements, and that the$ are, at the time *f this Lease, in g**d *rder, g**d re-air, safe, clean, and tenanta#le c*nditi*n& Less*r and Tenant agree that a c*-$ *f the "2*int 4ns-ecti*n," the *riginal *f %hich is maintained #$ Less*r and a c*-$ -r*vided t* Tenant, attached heret* reflects the c*nditi*n *f the CONDO at the c*mmencement *f Tenant6s *cc(-anc$& A& ASSIGNMENT AND SUBLETTING& A& Tenant shall n*t assign this Lease, *r s(#let *r grant an$ c*ncessi*n *r license t* (se the CONDO *r an$ -art *f the CONDO %ith*(t Less*r6s -ri*r %ritten c*nsent& +& An$ assignment, s(#letting, c*ncessi*n, *r license %ith*(t the -ri*r %ritten c*nsent *f Less*r, *r an assignment *r s(#letting #$ *-erati*n *f la%, shall #e v*id and, at Less*r6s *-ti*n, terminate this Lease& 1!& ALTERATIONS AND IMPROVEMENTS& A& Tenant shall ma?e n* alterati*ns t* the CONDO *r c*nstr(ct an$ #(ilding *r ma?e *ther im-r*vements %ith*(t the -ri*r %ritten c*nsent *f Less*r& +& All alterati*ns, changes, and im-r*vements #(ilt, c*nstr(cted, *r -laced *n *r ar*(nd the CONDO #$ Tenant, %ith the e5ce-ti*n *f fi5t(res -r*-erl$ rem*va#le %ith*(t damage t* the CONDO and m*va#le -ers*nal -r*-ert$, shall, (nless *ther%ise -r*vided #$ %ritten agreement #et%een Less*r and Tenant, #e the -r*-ert$ *f Less*r and remain at the e5-irati*n *r earlier terminati*n *f this Lease& 11& DAMAGE TO PREMISES& 4f the CONDO, *r an$ -art *f the CONDO, shall #e -artiall$ damaged #$ fire *r *ther cas(alt$ n*t d(e t* Tenant6s negligence *r %illf(l act, *r that *f Tenant6s famil$, agent, *r visit*r, there shall #e an a#atement *f rent c*rres-*nding %ith the time d(ring %hich, and the e5tent t* %hich, the CONDO is (ntenanta#le& 4f Less*r shall decide n*t t* re#(ild *r re-air, the term *f this Lease shall end and the rent shall #e -r*rated (- t* the time *f the damage&

1 & DANGEROUS MATERIALS& Tenant shall n*t ?ee- *r have *n *r ar*(nd the CONDO an$ article *r thing *f a danger*(s, inflamma#le, *r e5-l*sive character that might (nreas*na#l$ increase the danger *f fire *n *r ar*(nd the CONDO *r that might #e c*nsidered ha)ard*(s& *f >

17& UTILITIES& Tenant shall #e res-*nsi#le f*r arranging and -a$ing f*r all (tilit$ services re=(ired *n the -remises that the Less*r %ill n*t -r*vide an$ services&& Tenant shall n*t defa(lt *n an$ *#ligati*n t* a (tilit$ -r*vider f*r (tilit$ services at the CONDO& 1"& MAINTENANCE AND REPAIR& A& Tenant %ill, at Tenant6s s*le e5-ense, ?ee- and maintain the CONDO and a--(rtenances in g**d and sanitar$ c*nditi*n and re-air d(ring the term *f this Lease& 4n -artic(lar, Tenant shall ?ee- the fi5t(res in the CONDO in g**d *rder and re-airB ?ee- the f(rnace cleanB and ?ee- the %al?s free fr*m dirt and de#ris& Tenant shall, at Tenant6s s*le e5-ense, ma?e all re=(ired re-airs t* the -l(m#ing, range, *ven heating a--arat(s, electric and gas fi5t(res, *ther mechanical devices and s$stems, fl**rs, ceilings and %alls %henever damage t* s(ch items shall have res(lted fr*m Tenant6s mis(se, %aste, *r neglect, *r that *f the *f Tenant6s famil$, agent, *r visit*r& +& Tenant agrees that n* signs shall #e -laced *r -ainting d*ne *n *r a#*(t the CONDO #$ Tenant %ith*(t the -ri*r %ritten c*nsent *f Less*r& C& Tenant agrees t* -r*m-tl$ n*tif$ Less*r in the event *f an$ damage, defect *r destr(cti*n *f the CONDO, *r the fail(re *f an$ *f Less*r6s a--liances *r mechanical s$stems, and e5ce-t f*r re-airs *r re-lacements that are the *#ligati*n *f Tenant -(rs(ant t* .(#secti*n A a#*ve, Less*r shall (se its #est eff*rts t* re-air *r re-lace s(ch damaged *r defective area, a--liance *r mechanical s$stem& 15& ANIMALS& Tenant shall ?ee- n* d*mestic *r *ther animals *n *r a#*(t the CONDO %ith*(t the -ri*r %ritten c*nsent *f Less*r& 1>& RIGHT OF INSPECTION& Less*r and Less*r6s agents shall have the right at all reas*na#le times d(ring the term *f this Lease and an$ rene%al *f this Lease t* enter the CONDO f*r the -(r-*se *f ins-ecting the -remises andC*r ma?ing an$ re-airs t* the -remises *r *ther item as re=(ired (nder this Lease& 1<& DISPLAY OF SIGNS& D(ring the last thirt$ (7!) da$s *f this Lease, Less*r *r Less*r6s agent ma$ dis-la$ "8*r .ale" *r "8*r Rent" *r "Dacanc$" *r similar signs *n *r a#*(t the CONDO and enter t* sh*% the CONDO t* -r*s-ective -(rchasers *r tenants& 1;& HOLDOVER BY TENANT& .h*(ld Tenant remain in -*ssessi*n *f the CONDO %ith the c*nsent *f Less*r after the e5-irati*n *f the Term *f this Lease, a ne% tenanc$ fr*m m*nth t* m*nth shall #e created %hich shall #e s(#,ect t* all the terms and c*nditi*ns *f this Lease, #(t shall #e termina#le *n thirt$ (7!) da$s #$ either -art$ *r l*nger n*tice if re=(ired #$ la%& 4f Tenant h*lds *ver %ith*(t Less*r6s c*nsent, Less*r is entitled t* d*(#le rent, -r*1rated -er each da$ *f the h*ld*ver, lasting (ntil Tenant leaves the CONDO& 1A& SURRENDER OF PREMISES& 7 *f >

At the e5-irati*n *f the Lease, Tenant shall =(it and s(rrender the CONDO in as g**d state and c*nditi*n as the$ %ere at the c*mmencement *f this Lease, reas*na#le (se and %ear and damages #$ the elements e5ce-ted& !& FORFEITURE OF SECURITY DEPOSIT - DEFAULT& 4t is (nderst**d and agreed that Tenant shall n*t attem-t t* a--l$ *r ded(ct an$ -*rti*n *f an$ sec(rit$ de-*sit fr*m the last *r an$ m*nth6s rent *r (se *r a--l$ an$ s(ch sec(rit$ de-*sit at an$ time in lie( *f -a$ment *f rent& 4f Tenant fails t* c*m-l$, s(ch sec(rit$ de-*sit shall #e f*rfeited and Less*r ma$ rec*ver the rent d(e as if an$ s(ch de-*sit had n*t #een a--lied *r ded(cted fr*m the rent d(e& 8*r the -(r-*ses *f this -aragra-h, it shall #e c*ncl(sivel$ -res(med that a Tenant leaving the :remises %hile *%ing rent is ma?ing an attem-ted ded(cti*n *f de-*sits& 8(rtherm*re, an$ de-*sit shall #e held as a g(arantee that Tenant shall -erf*rm the *#ligati*ns *f the Lease and shall #e f*rfeited #$ the Tenant sh*(ld Tenant #reach an$ *f the terms and c*nditi*ns *f this Lease& 4n the event *f defa(lt, #$ Tenant, *f an$ *#ligati*n in this Lease %hich is n*t c(red #$ Tenant %ithin fifteen (15) da$s n*tice fr*m Less*r, then in additi*n t* f*rfeit(re *f the .ec(rit$ De-*sit, Less*r ma$ -(rs(e an$ *ther remed$ availa#le at la%, e=(it$ *r *ther%ise& 1& ABANDONMENT& 4f at an$ time d(ring the term *f this Lease, Tenant a#and*ns the CONDO *r an$ *f Tenant6s -ers*nal -r*-ert$ in *r a#*(t the CONDO, Less*r shall have the f*ll*%ing rightsE Less*r ma$, at Less*r6s *-ti*n, enter the CONDO #$ an$ means %ith*(t lia#ilit$ t* Tenant f*r damages and ma$ relet the CONDO, f*r the %h*le *r an$ -art *f the then (ne5-ired term, and ma$ receive and c*llect all rent -a$a#le #$ virt(e *f s(ch relettingB Als*, at Less*r6s *-ti*n, Less*r ma$ h*ld Tenant lia#le f*r an$ difference #et%een the rent that %*(ld have #een -a$a#le (nder this Lease d(ring the #alance *f the (ne5-ired term, if this Lease had c*ntin(ed in f*rce, and the net rent f*r s(ch -eri*d reali)ed #$ Less*r #$ means *f s(ch reletting& Less*r ma$ als* dis-*se *f an$ *f Tenant6s a#and*ned -ers*nal -r*-ert$ as Less*r deems a--r*-riate, %ith*(t lia#ilit$ t* Tenant& & SECURITY& Tenant ac?n*%ledges that Less*r d*es n*t -r*vide a sec(rit$ alarm s$stem *r an$ sec(rit$ f*r the CONDO *r f*r Tenant and that an$ s(ch alarm s$stem *r sec(rit$ service, if -r*vided, is n*t re-resented *r %arranted t* #e c*m-lete in all res-ects *r t* -r*tect Tenant fr*m all harm& Tenant here#$ releases Less*r fr*m an$ l*ss, s(it, claim, charge, damage *r in,(r$ res(lting fr*m lac? *f sec(rit$ *r fail(re *f sec(rit$& 7& SEVERABILITY& 4f an$ -art *r -arts *f this Lease shall #e held (nenf*rcea#le f*r an$ reas*n, the remainder *f this Agreement shall c*ntin(e in f(ll f*rce and effect& "& INSURANCE& Tenant ac?n*%ledges that Less*r %ill n*t -r*vide ins(rance c*verage f*r Tenant6s -r*-ert$, n*r shall Less*r #e res-*nsi#le f*r an$ l*ss *f Tenant6s -r*-ert$, %hether #$ theft, fire, acts *f '*d, *r *ther%ise& " *f >

5& BINDING EFFECT& The c*venants and c*nditi*ns c*ntained in the Lease shall a--l$ t* and #ind the heirs, legal re-resentatives, and assigns *f the -arties& >& GOVERNING LAW. 4t is agreed that this Lease shall #e g*verned #$, c*nstr(ed, and enf*rced in acc*rdance %ith the la%s *f the .tate *f :hili--ines& <& ENTIRE AGREEMENT& This Lease shall c*nstit(te the entire agreement #et%een the -arties& An$ -ri*r (nderstanding *r re-resentati*n *f an$ ?ind -receding the date *f this Lease is here#$ s(-erseded& This Lease ma$ #e m*dified *nl$ #$ a %riting signed #$ #*th Less*r and Tenant& ;& NOTICES& An$ n*tice re=(ired *r *ther%ise given -(rs(ant t* this Lease shall #e in %ritingB hand delivered, mailed certified ret(rn recei-t re=(ested, -*stage -re-aid, *r delivered #$ rec*gni)ed *vernight deliver$ service, if t* Tenant, at the CONDO and if t* Less*r, at the address f*r -a$ment *f rent& 4N @4TN3.. @93R3O8, the -arties have ca(sed this Lease t* #e e5ec(ted the da$ and $ear first a#*ve %ritten&

The -arties ac?n*%ledge that the an ins-ecti*n %as made *n FFFFFFFFFFFFFFFFFF !1", and that the c*nditi*ns *f the -remises is acce-ta#le& The -arties f(rther agree that a c*-$ *f this C*ntract %as -r*vided t* Tenant&

TenantsEFFFFFFFFFFFFFFFFFFFF C)ariane +(garin O%nerEFFFFFFFFFFFFFFFFFFFFFFFFF Ma& Divina 'racia C& Dela Cr()& FFFFFFFFFFFFFFFFFFFFFF L*rraine C*stales FFFFFFFFFFFFFFFFFFFFF Ant*nete Cali-,*

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ACKNOWLEDGEMENT:

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