REPUBLIC OF THE PHILIPPINES)

CITY OF LAOAG…………………..)SC

PARKING SPACE LEASE AGREEMENT

This agreement is made and entered this____________ day of____, 20__, between Mr.
Joseph Ty Villanueva of legal age, married, Filipino and resident of Joel 10 Bldg. Brgy3
Laoag City, of hereinafter referred to as “Lessor” and Mr. Enrico T. Lopez of legal age
,Filipino single/married of Go petrol Transport Inc., hereinafter referred to as “Lessee”

Whereas, Lessor desires to lease to Lessee and Lessee desire to lease from Lessor
parking space(s) at the location generally described as the_______, the “Premises”, it is
herein agreed as follows:

1. LEASE OF TERM. Lessor hereby lease to Lessee parking space located at the
“PREMISES” described above and designated as space_________ for a term
of_____ hereinafter referred to as the “Beginning Date” and ending_________.
The space is to be used by the Lessee for the parking of the following vehicle(s):

a. Model License Color

------- ---------- --------

2. MONTHLY RENTAL. The rent for the above mentioned parking space(s) is Six
Thousand Pesos (P6,000) monthly and shall be paid by the Lessee to the Lessor.
The taxes or charges to the monthly rentals as required by law or any revenue
regulations shall be at the expense of the LESSEE. Payment of monthly rental
shall be paid on or before the 20th day of each month beginning from the month of
the execution of this agreement;

3. SECURITY DEPOSIT AND ADVANCE. The LESSEE shall deliver to the

LESSOR as SECURITY DEPOSIT the amount equivalent to ONE MONTH (1)
rental and ADVANCE RENTAL FEE also equivalent to ONE MONTH (1) upon
execution of this agreement. Said security deposit shall be applied for the payment
of damages and/or unpaid facility bills on the lease premises after expiration of this
agreement. However, the security deposit, or the net thereof, shall be turned to the
LESSEE not later than thirty (30) days from the time that the LESSEE had vacated
the leased premises should be there be no claim for damages by the LESSOR or
that there are no unpaid facility bills in the leased premises. The security deposit
and advance rental fee shall serve as penalty and automatically forfeited in favor
of LESSOR should LESSEE terminates the lease prior to its expiration as stated
in this agreement. Finally, the giving of security deposit and advance rental fee
shall in no case exonerates the LESSOR from further liability should such security
deposit or advance rental fee is insufficient to cover liability should such security
or advance rental fee is insufficient to cover liability for damages or unpaid facility
bills;
 4. FACILITY BILLS. Any expenses for the electrical, water, telephone, cable or other
facility bills within the leased premises during the duration of this agreement shall
be the sole expense of the LESEE;

5. REPAIRS. All repairs of the leased premises, whether major or minor, shall be with
the prior notice to the LESSOR and the notice to the same should be made by the
LESSEE at least ten (10) days from the intended date of repair. Expenses for minor
shall be at the expense of the LESSEE while the LESSOR shall be chargeable for
major repairs. For purposes of this agreement, minor repairs shall pertain to
including the putting up of facilities and instruments that are purely for the business
undertaking of the LESSEE. On the other hand, major repairs shall pertain to
including the putting up of facilities and instruments that are purely for the business
undertaking of the LESSEE.

6. RIGHT OF INSPECTION. The LESSOR, upon prior written notice of at least two
(2) days to the LESSEE from the date of intended inspection, and within
reasonable time, may inspect the leased premises for the purpose of ensuring its
tenable condition or that the same is free from any obnoxious or hazardous
substances. Any loss or damage caused to any of the facility, goods or property of
the LESSEE by reason of any inspection without prior written notice may be
chargeable against the LESSOR;

7. SUBLEASE OR TRANSFER OF RIGHTS. The LESSEE shall not sublease, or in

any way transfer or assign its right over any portion of the leased premises, without
the written consent of the LESSOR, which consent shall not be unreasonably
withheld and no rights, title or interest under this agreement shall be conferred on
or vested to anyone other than the LESSEE;

8. WARRANTIES. The LESSOR, during the term of this agreement, shall warrant the
peaceful possession and enjoyment by the LESSEE of the leased premises;

9.DISPOSITION OF IMPROVEMENTS. All improvements attached to the leased

premises by the LESSEE may be removed by him except those which cannot be
removed without material injury to the leased premises in which case, it must be with
the written consent of the LESSOR;

10. TERMINATION. Lessee shall have the right to terminate this Lease upon the
occurrence of one of the following events: (1) Lessee relocates prior to the expiration
of the Lease term; (2) Lessee transfers title to the vehicle(s) described in paragraph 1
of this Lease and, as a result, no longer needs use of the designated parking space.
In no event may Lessee terminate this Lease based upon Lessee's election to park
his/her vehicle in another location which is not part of the premises;

11.VENUE OF ACTIONS. Any suit or case that might arise by reason of this contract
shall be brought only within the appropriate court of the City of Laoag.