CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of Makati, this day of
_______________, 20__, by and between:

TROY T. DAVA, of legal age, married to AYLA DAVA, Filipino, and with residence and
postal address at 2857 H. SANTOS ST. BRGY SINGKAMAS MAKATI CITY, hereinafter referred
to as the LESSOR.

-AND-

(NAME OF LESSEE), Filipino and with residence and postal address at (Address),
hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the owner of THE LEASED PREMISES, a property situated at 2857
H. SANTOS ST. BRGY SINGKAMAS MAKATI CITY;

WHEREAS, the LESSOR agrees to lease-out the property to the LESSEE and the LESSEE is
willing to lease the same;

NOW THEREFORE, for and in consideration of the foregoing premises, the LESSOR leases
unto the LESSEE and the LESSEE hereby accepts from the LESSOR the LEASED premises,
subject to the following:

TERMS AND CONDITIONS

1. PURPOSES/PERMITTED USE: The Land may be used for the purpose of

____________________________________________________________________________________ and for
such purpose only.

The LESSEE agrees to comply with all policies, rules, and regulations of the LESSOR as they
now or may hereinafter exist with respect to the use of the Land. The agreement and use of the
subject land is herein contained particularly specified in the succeeding paragraphs of this
contract.

2. TERM: The term of the lease shall be 8 MONTHS this lease may be renewed under such
terms and conditions as my be mutually agreed upon by both parties, written notice of
intention to renew the lease shall be served to the LESSOR not later than seven (15) days prior
to the expiry date of the period herein agreed upon; however, in the event that the LESSOR
ceases using the Property for the permitted use as described in this Agreement the lease shall
expire immediately. The LESSOR may, in its sole discretion, unilaterally terminate this lease.
The lease shall expire immediately, if LESSOR determines that the property is not being used
according to the permitted uses by the LESSEE or that of his agents or assigns. The LESSOR
reserves the right to unilaterally terminate this Agreement upon the expiration of the initial 8
MONTHS term.

3. COMMENCEMENT DATE: This Contract of Lease shall be effective on___________________.

4. RENTAL RATE: The monthly rental rate for the leased premises shall be in PESOS:
AMOUNT IN WORDS (P 25,000.00), Philippine Currency. The LESSEE shall issue 6 postdated
checks for the monthly rental and 4 dated checks, to be issued by the LESSEE to the LESSOR
concurrently with the signing of this lease, 2 months for security deposit and 2 months for
advance rent. The LESSEE shall, at its sole cost and expense, arrange for electricity, water, gas,
and other utilities necessary for LESSEEs operations to be provided to the Land directly from
such providers. All rental payments shall be payable to the LESSOR.

4. DEPOSIT: That the LESSEE shall deposit to the LESSOR upon signing of this contract and
prior to move-in an amount equivalent to PESOS AMOUNT IN WORDS (P100,000.00) as
advance rent for two (2) months and for two (2) months security deposit.

The following exhibits are attached to this Lease and are made part of this Lease:

Exhibit A: Description and Depiction of the Land.

5. DEFAULT: In case of default by the LESSEE in the payment of the rent, such as when the
checks are dishonored, the LESSOR at its option may terminate this contract and eject the
LESSEE. The LESSOR has the right to padlock the premises when the LESSEE is in default of
payment for (consecutive number of months) and may forfeit whatever rental deposit or
advances have been given by the LESSEE.

5.1 OTHER EVENTS OF DEFAULT: The following events are referred to, collectively, as "Events
of Default" or, individually, as an "Event of Default":

(a) The LESSE defaults in the due and punctual payment of Rent, and such default continues
for five (5) days after written notice from LESSOR; however, LESSEEs will not be entitled to
more than one written notice for monetary defaults during any twelve (12)-month period, and if
after such written notice any Rent is not paid when due, an Event of Default will be considered
to have occurred without further notice;

(b) The LESSEE vacates or abandons the Premises;

(c) This Lease or the Premises or any part of the Premises are taken upon execution or by other
process of law directed against the LESSEE, or are taken upon or subject to any attachment by
any creditor of the LESSEE or claimant against him, and said attachment is not discharged or
disposed of within fifteen (15) days after its levy;

(d) The LESSEE purports to assign this Lease, or sublet all or a portion of the Premises, in
violation of the terms hereof;

(f) The LESSEE breaches any of the other agreements, terms, covenants or conditions which
this Lease requires him to perform, and such breach continues for a period of ten (10) days
after written notice from the LESSOR to the LESSEE or, if such breach cannot be cured
reasonably within such ten (10)-day period, if the LESSEE fails to diligently commence to cure
such breach within ten (10) days after written notice from LESSOR and to complete such cure
within a reasonable time thereafter.

5.2 REMEDIES OF THE LESSOR IN CASE OF DEFAULT:

If any one or more Events of Default set forth in Paragraph 5.1 occurs then the LESSOR has
the right, at its election:

(a) To terminate this Lease, in which case the LESSEEs right to possession of the Premises will
cease and this Lease will be terminated as if the expiration of the Term fixed in such notice
were the end of the Term. If this Lease is terminated, the LESSOR will be entitled to recover
from the LESSEE:
(i) The unpaid rent that had been earned at the time of termination;

(ii) The unpaid rent that had been earned at the date of the judgment awarding damages to
LESSOR (the "Date of Judgment");

(iii) The unpaid rent for the balance of the Term of this Lease after the Date of Judgment; and

(iv) any other amount necessary to compensate the LESSORs for all the detriment proximately
caused by the LESSEEs failure to perform its obligations under this Lease or that in the
ordinary course of things would be likely to result from that failure.

The amount referred to in clauses (i) and (ii) is computed by allowing interest at the highest rate
permitted by law. The amount referred to in clause.

(b) To reenter and take possession of the Premises, expel the LESSEE and remove his effects,
using such force for such purposes as may be necessary, without being liable for prosecution,
and without prejudice to any remedies for arrears of Monthly Rent or other amounts payable
under this Lease.

Accordingly, if the LESSOR does not elect to terminate this Lease Agreement on account of any
default by the LESSEE, the LESSOR may enforce all of his rights and remedies under this
Lease and under Philippine Laws, including the right to recover all rent as it becomes due.
(c) To cure any event of default and to charge the LESSEE for the cost of effecting such cure,
including without limitation reasonable attorneys' fees and interest provided that The LESSOR
will have no obligation to cure any such event of default of the LESSEE.

(d) The LESSORs rights hereunder shall be in addition to, and not in lieu of, every other right
or remedy provided for herein or now or hereafter existing at law or in equity by statute or
otherwise, including, but not limited to injunctive relief, specific performance and damages.
The exercise or beginning of exercise by LESSOR of any one or more rights or remedies,
provided herein or now or hereafter existing at law or in equity by statute or otherwise, shall
not preclude the simultaneous or later exercise by LESSOR of any or all other rights or
remedies provided for in this Lease or now or hereafter existing at law or in equity or by statute
or otherwise. All such rights and remedies shall be considered cumulative and nonexclusive.

6. SUB-LEASE: The LESSEE shall not directly or indirectly sublet, allow or permit the leased
premises to be occupied in whole or in part by any person, form or corporation, neither shall
the LESSEE assign its rights hereunder to any other person or entity and no right of interest
thereto or therein shall be conferred on or vested in anyone by the LESSEE without the
LESSOR'S written approval.

7. PUBLIC UTILITIES: The LESSEE shall pay for its telephone, electric, cable TV, water,
Internet, dues and other public services and utilities during the duration of the lease.

8.MAINTENANCE: The LESSEE shall at all times throughout the Term, at its sole cost and
expense, maintain and repair the Land, the Improvements, and all trade fixtures and personal
property of him located thereon.

9. FORCE MAJEURE: If whole or any part of the leased premises shall be destroyed or
damaged by fire, flood, lightning, typhoon, earthquake, storm, riot or any other unforeseen
disabling cause of acts of God, as to render the leased premises during the term substantially
unfit for use and occupation of the LESSEE, then this lease contract may be terminated
without compensation by the LESSOR or by the LESSEE by notice in writing to the other.

10. LAWFUL USE: The LESSEE shall not allow the Land to be used for any unlawful purposes.
The LESSEE will not commit waste and will not create any nuisance which will hinder the
future use of the property.

11. LIMITED LIABILITY: The LESSOR will not be in default under this Lease or be liable to
the LESSEE or any other person, for direct or consequential damages, or otherwise, for any
failure to supply any electricity, water, gas, security or other utilities, or for surges or
interruptions of electricity, or other such services or utility.

12. INDEMNIFICATION: From and after execution of this Lease, The LESSEE assumes all
risks of its own operations, and those of its agents, independent contractors, and any
licensees.
12.1: The LESSEE and its agents, independent contractors, and any licensees, shall indemnify,
defend and hold the LESSOR, its employees, directors, officers and agents harmless from and
against, any and all demands, claims, causes of action, fines, penalties, damages (including
consequential damages), liabilities, judgments, and expenses (including, without limitation,
reasonable attorneys' fees and expert witness fees which arise out of or relate to:

1. The use or occupancy or manner of use or occupancy of the Land by the LESSEE or any
person claiming under LESSEE;

2. Any activity, work, or thing done or permitted by the LESSEE in or about the Land;

3. Any breach by the LESSEE or its employees, agents, contractors or invitees of this Lease;
and;

4. Any injury, loss or damage to the person, property or business of The LESSEE, its
employees, agents, or contractors or any invitees entering upon the Land under the express or
implied invitation of the LESSEE. If any action or proceeding is brought against by reason of
any such claim for which the LESSEE has indemnified the LESSOR, The former, upon written
notice from the latter, will defend the same at LESSEES expense with counsel reasonably
satisfactory to the LESSOR.

5. The LESSEES obligations under this paragraph shall survive the expiration or other
termination of this Lease. The LESSEE shall have each of its agents, independent contractors,
and any licensees, sign an agreement in favor of the LESSOR that obligates each of the
LESSEEs agents, independent contractors, and any licensees, to indemnify the LESSOR in
accordance with the terms of this Lease Contract and promptly provide the LESSOR with
copies of such agreements.

13. DAMAGES: Notwithstanding anything to the contrary contained in this Contract of Lease,
if, in the exercise of any rights hereunder, the LESSEE or its agents shall cause damage to the
LESSORS Property or any equipment located on said Property, the LESSEE shall, within ten
(10) days after receipt of a statement from the LESSOR evidencing the amount of such damage,
pay the LESSOR the costs to repair such damage. The cost of repair shall include a reasonable
sum to compensate the LESSOR for its direct and indirect staff time in obtaining quotes for the
repair work and preparing the statement to the LESSEE.

14. WAIVER AND RELEASE: The LESSEE, as a material part of the consideration to the
LESSOR for this Lease, by this section waives and releases all claims against the LESSOR with
respect to all matters for which the LESSOR has disclaimed liability pursuant to the provisions
of this Lease.

15. TAXES: In addition to Rent, LESSEE shall pay additional taxes or assessments, if any,
which may be levied or charged to the LESSOR as a result of the LESSEEs use or occupancy of
the Land, including but not limited to, assessments upon or measured by Rent, including
without limitation, any gross revenue tax, excise tax, or value added tax levied by the National
government or any other governmental body with respect to the receipt of Rent; and upon this
transaction or any document to which the LESSEE is a party creating or transferring an
interest or an estate in the Land. The LESSEE shall promptly pay all personal property taxes
on his Improvements and personal property and any other taxes payable by him as due.

16. LESSOR'S RIGHT OF ENTRY: The LESSOR or its authorized agent shall after giving due
notice to the LESSEE shall have the right to enter the premises in the presence of the LESSEE
or its representative at any reasonable hour to examine the same or make repairs therein or for
the operation and maintenance of the building or to exhibit the leased premises to prospective
LESSEE, or for any other lawful purposes which it may deem necessary.

17. IMPROVEMENTS: The LESSEE shall not erect signs or other improvements on the Land
without the approval of LESSOR, which approval may be withheld in the sole discretion of the
LESSOR.

18. EXPIRATION OF LEASE: At the expiration of the term of this lease thereof, as herein
provided, the LESSEE will promptly deliver to the LESSOR the leased premises in its original
state prior to such lease, in as good and tenable condition as the same is now, ordinary wear
and tear expected devoid of all occupants, movable furniture, articles and effects of any kind. If
the LESSEE successfully and satisfactorily returns the subject land according to the previously
mentioned condition, the LESSOR shall likewise return the security deposit to the LESSEE in
full.

Non-compliance with the terms of this clause by the LESSEE will give the LESSOR the right, at
the latter's option, to refuse to accept the delivery of the premises and compel the LESSEE to
pay rent therefrom at the same rate plus Twenty Five (25) % thereof as penalty until the
LESSEE shall have complied with the terms hereof or If within sixty (60) days after the
expiration or termination of this Lease the LESSEE has not removed its Improvements or
property and not restored the Land as required herein, the LESSOR may do so and the
LESSEE shall reimburse the former for all expenses or costs for removal and restoration.

The same penalty shall be imposed in case the LESSEE fails to leave the premises after the
expiration of this Contract of Lease or termination for any reason whatsoever.

The LESSEEs obligations under this Section shall survive the expiration or other termination
of this Lease Agreement.

19. JUDICIAL RELIEF: Should any one of the parties herein be compelled to seek judicial
relief against the other, the losing party shall pay an amount of One Hundred (100) % of the
amount clamed in the complaint as attorney's fees which shall in no case be less than PESOS
FIFTY THOUSAND (P50, 000.00) in addition to other cost and damages which the said party
may be entitled to under the law.

20. This CONTRACT OF LEASE shall be valid and binding between the parties, their
successors-in-interest and assigns. If any provision of this Lease proves to be illegal, invalid or
unenforceable, the remainder of this Lease shall not be affected by such finding, and in lieu of
each provision of this Lease that is illegal, invalid or unenforceable, a provision will be added as
a part of this Lease as similar in terms to such illegal, invalid or unenforceable provision as
may be possible and be legal, valid and enforceable.

21. GENERAL PROVISION:

a. Quiet Enjoyment: As long as LESSEE performs all covenants and obligations contained in
this Lease, LESSOR warrants quiet enjoyment of the Land by LESSEE; provided that LESSOR,
its agents or representatives, and any other person authorized by LESSOR, may enter upon the
Land for the purpose of inspecting the Land and to exhibit the Land to prospective purchasers
or lenders. Any entry onto or inspection of the Land shall not constitute eviction of LESSEE in
whole or in part.

b. Condemnation: In the event of a condemnation or other taking by any governmental agency

of all or a portion of the Land necessary for LESSEE operation of its business thereon, this
Lease will terminate when the condemning authority takes possession of the Land. Any such
condemnation award shall be paid to LESSOR, except that LESSEE will have the right to assert
a separate claim for moving expenses, business interruption, and leasehold improvements paid
for by LESSEE.

c. Liens: LESSEE will keep the Land free and clear of all mechanics' liens and other liens on
account of work done for LESSEE or persons claiming under LESSEE.

d. Limitation on Liability: LESSEE specifically agrees to look solely to LESSOR 's interest in
the Land for the recovery of any judgments from LESSOR. It is agreed that LESSOR will not be
personally liable for any such judgments. The provisions contained in the preceding sentences
are not intended to, and will not, limit any right that LESSEE might otherwise have to obtain
injunctive relief against LESSOR.

e. Notices: All notices and other communications required or permitted under this Lease shall
be in writing, which notice shall be addressed to the party to whom such notice is being given,
at their address set forth in Section 1.1 above. Any such notice or other communication shall
be deemed to be effective when actually received or rejected. Either party may by similar notice
given change the address to which future notices or other communications shall be sent.

f. Inspection: LESSOR reserves the right to enter, at any reasonable time, the Land to inspect
the same.

g. No Waiver: The waiver by either LESSOR or LESSEE of any agreement, condition, or

provision contained in this Lease will not be deemed to be a waiver of any subsequent breach of
the same or any other agreement, condition, or provision contained in this Lease.

h. Authority: LESSEE and the party executing this Lease on behalf of LESSEE represent to
LESSOR that such party is authorized to do so by requisite action of the board of directors, or
City Council, as the case may be, and agree, upon request, to deliver to LESSOR a resolution or
similar document to that effect.
i. Governing Law: This Lease shall be governed by and construed pursuant to the laws of the
Republic of the Philippines.

j Captions: The captions of the various Paragraphs and Sections of this Lease are for
convenience only and do not necessarily define, limit, describe or construe the contents of such
Articles or Sections.

k. Recordation: LESSEE shall not record this Lease in the public records without the prior
written consent of LESSOR.

l. Severability: If any provision of this Lease proves to be illegal, invalid or unenforceable, the
remainder of this Lease shall not be affected by such finding, and in lieu of each provision of
this Lease that is illegal, invalid or unenforceable, a provision will be added as a part of this
Lease as similar in terms to such illegal, invalid or unenforceable provision as may be possible
and be legal, valid and enforceable.

m. Entire Agreement; Amendment. This Lease contains the entire agreement between LESSOR
and LESSEE. No amendment, alteration, modification of, or addition to the Lease will be valid
or binding unless expressed in writing and signed by LESSOR and LESSEE.

n. Attorneys Fees - If any action is instituted by either party to this Lease Agreement to enforce
any of the terms of this Lease or the License Agreement, the prevailing party shall be entitled to
receive from LESSEE its reasonable attorneys' fees, expert witness fees, costs, and expenses.

IN WITNESS WHEREOF, the parties herein affixed their signatures on the date and place
above written.

(Name of Lessor) (Name of Lessee)

LESSOR LESSEE

Signed in the presence of:

_____________________________ ______________________________
 ACKNOWLEDGEMENT

Republic of the Philippines)

_________________________) S.S

BEFORE ME, personally appeared:

Name CTC Number Date/Place Issued

(Name of Lessor) 10000000 February 24, 20__ / Makati

(Name of Lessee) 10000000 January 07, 20__ / Makati

Known to me and to me known to be the same persons who executed the foregoing instrument
and acknowledged to me that the same is their free and voluntary act and deed.

This instrument consisting of ____ page/s, including the page on which this acknowledgement
is written, has been signed on each and every page thereof by the concerned parties and their
witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND SEAL, on the date and place first above written.

Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.