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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Lease, made and entered into this __ day of


______ 2016, in the City of Makati, Metro Manila, by and between:

RJOSEPH VI, INC., a corporation duly organized and


registered under the laws of the Republic of the Philippines,
with office address at 2253 Aurora Boulevard, Pasay City,
represented herein by its Corporate President, Ralph Lim
Joseph, Filipino, married, and of legal age, hereinafter
referred to as the “LESSOR”
- and -

EXTRAORDINAIL SALON AND SKIN CARE, a


corporation duly organized and registered under the laws of
the Republic of the Philippines, with office address T 02
Riverside, Marilao, Bulacan, represented herein by, Ma.
Veronica G. Resurreccion, Filipino, of legal age, hereinafter
referred to as the “LESSEE”.

The LESSOR and the LESSEE are hereinafter


collectively referred to as the “Parties”.

WITNESSETH: That --

WHEREAS, the LESSOR is the absolute and registered owner of a


commercial property located at the Concorde Condominium Building,
200 Benavidez corner Salcedo Sts., Makati City Legaspi Village, Makati
City, Philippines, with an area of One Hundred Twenty (120) square
meters, hereinafter referred to as the LEASED PREMISES.

WHEREAS, the LESSOR is willing to lease the LEASED


PREMISES unto the LESSEE subject to the terms and conditions
hereinafter specified;

NOW THEREFORE, for and in consideration of the foregoing


premises, and of the terms, conditions, and stipulations herein below
stated, the Parties have agreed to enter into this Contract of Lease.

1. LEASED PREMISES. -- The LESSOR, for and in


consideration of the rental herein provided and the covenants, conditions
and agreements herein stipulated, does hereby lease to the LESSEE, the
LEASED PREMISES and the LESSEE hereby accepts by way of lease,
subject to the following terms and conditions hereinafter specified;
Contract of Lease
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2. CONDITION OF THE LEASED PREMISES. -- The LESSOR


hereby stipulates that the LEASED PREMISES, at the time of execution
of this Contract of Lease, are in good order, and to be leased on an as-
is-where-is basis.

3. TERM OF THE LEASE. -- This Contract of Lease shall


have a term of five (5) years commencing from 15 September 2016, and
ends on 14 September 2021 (hereinafter the “Lease Term”).

3.1 The Parties may renew this Contract of Lease under such
terms and conditions as shall then be agreed upon by the Parties.

3.2 In the event that the LESSEE intends to renew this Contract
of Lease, the LESSEE must provide the LESSOR written notice of such
intention to renew this Contract of Lease at least sixty (60) calendar
days before expiration of the Lease Term. All utility bills, such as but not
limited to, water, electricity, gas, cable TV, telephone and the like, must
be fully paid/settled by the LESSEE. The LESSOR and the LESSEE
shall endeavor to execute a contract of lease for the renewed term at
least thirty (30) calendar days before expiration of the Lease Term.

4. AMOUNT OF RENT. --

4.1 The basic rent on the leased premises shall be ONE


HUNDRED TWENTY THOUSAND PESOS (Php 120,000.00) net to the
LESSOR. The association dues as well as the value-added tax (VAT) of
twelve percent (12%) shall be for the LESSEE’s account, which shall be
responsible in remitting the same each month to the Bureau of Internal
Revenue (B.I.R.). The expanded withholding tax (EWT) of five percent
(5%) shall also be for the LESSEE’s account. Failure to remit the VAT
would render the LESSEE solely liable to the BIR for any and all
penalties and surcharges that may have been incurred by reason of such
failure. The amount of rent shall have a yearly escalation of five percent
(5%), beginning on the second (2nd) year of the Lease Term.

4.2 The monthly rental amount shall be paid by the LESSEE to


the LESSOR in advance within the first five (5) days of every month at
the address of the LESSOR without the necessity of notice or demand;
provided that the rent for the last month of the Lease Term in the total
amount of ONE HUNDRED FORTY-FIVE THOUSAND EIGHT
HUNDRED SIXTY PESOS and SEVENTY-FIVE CENTS (Php
145,860.75), corresponding to the last month of the term, shall be paid
upon the execution of this Contract of Lease.

5. SECURITY DEPOSIT. -- Upon the execution of this Contract,


the LESSEE shall pay the LESSOR the amount of THREE HUNDRED
SIXTY THIUSAND PESOS (Php 360,000.00), equal to three (3)
months’ rent as a security deposit to answer for the payment by the
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LESSEE of all charges and expenses due from it under this Contract of
Lease, such as, but not limited to, unpaid electric bills, telephone bills,
water bills and any other public utility bills incurred by it in the LEASED
PREMISES and for any other obligations for which it is responsible
under this Contract of Lease. The said deposit shall not be applied
against currently maturing rents or against any rental arrears due from
the LESSEE but the same shall be held by the LESSOR until the
expiration or termination of the Lease Term and refunded by the
LESSOR to the LESSEE within three (3) months from said date,
without interest, after deducting therefrom all amounts chargeable to the
LESSEE under the Contract of Lease, without prejudice to the right of
the LESSOR to collect any deficiency from the LESSEE should said
deposit be insufficient for said purpose.

6. UTILITIES. -- All expenses for all the utilities, electric


current, water, gas, air conditioner maintenance, telephone, internet,
cable television, garbage collection fees and other services rendered in
the LESSEE’s favor during the term of this Contract of Lease shall be
for the account of the LESSEE. The LESSEE shall hold the LESSOR free
from any liabilities of unpaid/unsettled bills and any damages incurred
during the term of this Contract of Lease.

7. USE OF PREMISES. --

7.1 The LESSEE shall use the LEASED PREMISES only and
exclusively for business purposes and not as a residence or dwelling of its
stockholders, directors, employees, guests or friends.

7.2 The LESSEE shall not keep or store any combustible,


explosive or hazardous materials in the LEASED PREMISES except in
reasonable quantities as needed in the regular operation of its business.
Neither shall the LESSEE do anything in the LEASED PREMISES that
will unduly expose the same to risks of fire, explosion or other hazards,
or that will otherwise cause an increase in the insurance premiums
thereon.

7.3 The LEASED PREMISES shall be used only for lawful


purposes, the LESSEE hereby holding the LESSOR free and harmless
from any liability arising from any untoward event in the LEASED
PREMISES caused by the act or omission of the LESSEE, its guests,
customers, employees or other persons thereat.

7.4 The LESSEE shall use the LEASED PREMISES with due
and proper care, seeing to it that the same are kept in clean and sanitary
condition at all times free of garbage, debris and other noxious materials
and without any bugs, insects, and vermin that may cause harm or
annoyance to the occupants of the LEASED PREMISES, their neighbors
or other persons. The LESSEE shall be liable for any minor loss, damage
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or deterioration to the LEASED PREMISES and shall have the same


promptly repaired at its own expense.

7.5 The LESSEE hereby acknowledges that it has inspected the


LEASED PREMISES and found the same to be satisfactory in all
respects, suitable and fit for the purpose or purposes for which the same
are intended, and agrees that upon expiration or termination of this
Contract of Lease, to quietly and peacefully surrender unto the
LESSOR the possession of the LEASED PREMISES in the same and
satisfactory condition as received by the LESSEE upon the
commencement of its occupancy therein, reasonable wear and tear
excepted.

8. FIRE HAZARD AND OBNOXIOUS SUBSTANCE. -- Except


for reasonable requirements for cooking gas (Liquefied Petroleum Gas),
the LESSEE shall not keep, deposit or store in the LEASED PREMISES
any obnoxious substance or inflammable material or substance which
may constitute a fire hazard. Neither shall the LESSEE install any
appliance, apparatus, equipment or machinery or engage in any activity
that may cause obnoxious odors, pollution, tremors, sound or noise.

9. PEST CONTROL. -- The LESSEE shall retain the services of


a reputable pest control organization to ensure the extermination or
protection against termites and beetles (“anay” or “bukbok”) and shall be
responsible for the extermination of, or protection against, rats,
cockroaches and other insects.

10. SIGNS AND ADVERTISEMENTS. -- Unless otherwise


allowed and agreed upon, the LESSEE shall not affix, inscribe or paint
any notice, signs, or other advertising medium on any part of the
LEASED PREMISES, including the external surface of the main door
leading to the LEASED PREMISES.

11. RULES AND REGULATIONS. -- The LESSEE shall comply


with the existing condominium unit owners association rules, with any
and all reasonable rules and safety regulations which may be
promulgated from time to time by the association and with all the rules,
regulations, ordinances and laws issued by the health or other duly
constituted local or national authorities arising from or regarding the
use, occupancy, sanitation and safety of the LEASED PREMISES.

11.1 It is hereby understood by the Parties that the LEASED


PREMISES are part of a condominium and the LESSOR is a part of a
condominium and the LESSOR’S ownership, use, and occupancy of the
same are subject to such restrictions as are embodied in the Master
Deed with Declaration of Restrictions of the Concorde Condominium
Association (“Master Deed”) and all amendments thereto. By virtue
thereof, it is hereby agreed and understood by the LESSEE that its use
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and occupancy of the Leased Premises shall be subject to such


restriction as are declared in said Master Deed, as amended, and the
house rules and regulations for the condominium association. In this
regard, the LESSEE agrees to be bound by and to comply with the house
rules and regulations of the condominium association, and all such rules
and regulations as may be duly promulgated from time to time.

11.2 The LESSEE shall indemnify and hold harmless the LESSOR
against all actions, suits, damages and claims by whomsoever that may
be brought or made by reason of the LESSEE's violation, non-observance
or non-performance of the rules, regulations, ordinances or laws
mentioned in this section or of any of the covenants of this Contract of
Lease, without prejudice to the right of the LESSOR to cancel this
Contract of Lease in accordance with the penal provisions hereof.

12. REPAIRS AND MAINTENANCE. -- The LESSEE shall


maintain the LEASED PREMISES in good and tenantable condition. The
LESSOR shall be responsible for all major repairs in the LEASED
PREMISES including, but not limited to, water, electrical and sewage
installations caused by force majeure and ordinary wear and tear, except
repairs due to the fault or negligence of the LESSEE, members of its
household, guests, or visitors. The major repairs shall be undertaken by
and for the account of the LESSOR within a reasonable period from
receipt of a written complaint from the LESSEE.

12.1. The LESSEE shall be responsible for the cost of the minor
repairs and expenses, including repairs due to ordinary wear and tear
and repairs due to the fault or negligence of the LESSEE, members of his
household, guests, or visitors, costing FIVE THOUSAND PESOS (Php
5,000.00) or less for each item or unit changed or replaced. For
purposes of this paragraph, "minor repairs" shall refer to: replacement,
breakage or loss of light bulbs, lights, fixtures, electrical switches, fuses,
outlets, buzzers, faucet handles, drawer or cabinet pulls and catches,
keys, door knobs, locks, toilet seats and water tank covers, windows, and
faucet leaks.

13. IMPROVEMENTS AND ALTERATIONS. -- The LESSEE


shall not make any major structural changes, alteration or improvements
in the LEASED PREMISES without the knowledge and prior written
approval of any and all plans by the LESSOR. In case of violation of this
provision, the LESSOR reserves the right to file suit in court should the
alteration, addition, or other improvement diminish the value of the
LEASED PREMISES.

13.1. Upon termination of the Contract of Lease, any such


structural changes, alterations or improvements made or introduced by
the LESSEE on the LEASED PREMISES with the written consent of the
LESSOR shall automatically inure to the benefit of the LEASED
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PREMISES and become the property of the LESSOR without any


obligation on the LESSOR’s part to pay or refund its value or costs to the
LESSEE.

13.2. Improvements which may be removed without damaging the


LEASED PREMISES shall remain the property of the LESSEE. The
LESSEE shall take care that the removal of these items shall not cause
any damage to the LEASED PREMISES; otherwise, the LESSOR may
charge any such damage to the LESSEE.

13.3 PLANS. -- The plans for the construction and improvement of


the LEASED PREMISES shall be prepared and submitted by the
LESSEE to the LESSOR. The LESSOR shall approve such plans within a
reasonable period from receipt thereof before any construction can be
made by the LESSEE at the LEASED PREMISES. In the event of any
alternations on the approved plan, the LESSEE must secure the
LESSOR’s approval on the alternations.

13.4. IMPROVEMENTS/FIT-OUT PERIOD. -- The LESSEE shall


be allowed to undertake renovations, reconstructions, installations and
improvements on the LEASED PREMISES as may be necessary for
LESSEE's purposes for a sixty (60) day fit-out period without any rent
due. Should the LESSEE complete its fit out of the LEASED PREMISES
before the end of the fit out period, the LESSEE could immediately use
the LEASED PREMISES for the purposes for which it was intended by
the LESSEE without any rent being due until the end of the fit out
period.

14. REAL ESTATE TAXES - All real estate taxes due on the
property shall be for LESSOR's account.

15. INSPECTION OF PREMISES. -- Prior to the execution of


this Contract of Lease, the LEASED PREMISES were inspected by the
LESSOR and the LESSEE and the same was found to be in good
tenantable condition. The LESSEE shall at all times keep the LEASED
PREMISES in good and tenantable condition and for this purpose, the
LESSOR or his authorized representative reserves the right at
reasonable times with prior notice to LESSEE to enter into and inspect
the LEASED PREMISES and to make necessary repairs or maintenance
thereon and to ensure compliance with the terms and conditions of the
Contract of Lease. The LESSEE likewise agrees to cooperate with the
LESSOR in keeping the LEASED PREMISES in good and tenantable
condition. Moreover, the LESSOR shall have the option to ask the
LESSEE to vacate the LEASED PREMISES in case of major repairs, but
only for the duration of the repairs.

15.1 Should the LESSOR ask the LESSEE to vacate the LEASED
PREMISES, the LESSOR will not charge any rents for the duration of
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the said repairs. Consequently, the LESSOR agrees to extend the Lease
Term to cover the time spent effecting the said repairs.

16. ASSIGNMENT AND SUBLEASE. -- The LESSEE shall not


assign his leasehold rights nor sublease, in whole or in part, the LEASED
PREMISES without the written consent of the LESSOR or transfer,
convey, assign or encumber its right under this Contract of Lease to
any third party or parties without the previous written consent of the
LESSOR. Neither shall the LESSEE accept boarders, bed-spacers,
transients, etc. who will occupy the LEASED PREMISES.

17. INSURANCE - The LESSEE hereby expresses its


unwillingness to pay for the premiums and of the expenses to insure the
building against fire or other hazards and hereby gives the LESSOR the
right, at any and all times during the life of this Contract of Lease, to
obtain such insurance at the LESSOR’s own expense and at such
insurable value as the insurance company may determine, the LESSEE
hereby agreeing that any loss under the insurance policy shall be payable
exclusively to the LESSOR.

18. FORCE MAJEURE. -- In case of damage to the LEASED


PREMISES or its appurtenances by fire, earthquake, floods, typhoons,
riots, war or any other unforeseen cause or acts of God, the LESSEE
shall give immediate notice thereof to the LESSOR. If the LEASED
PREMISES shall be damaged by fire or other cause without the fault or
negligence of the LESSEE, its servants or visitors, the damage shall be
repaired by the LESSOR as speedily as possible, after such notice, but if
the LEASED PREMISES be so nearly destroyed as to make it
untenantable, either Party may demand rescission of this Contract of
Lease. As a consequence thereof, the LESSOR shall refund all advances
of unused rentals to the LESSEE without necessity of demand.

19. DAMAGES. -- The LESSOR shall not be liable, nor be


responsible for -

19.1 the presence of bugs, vermin, ants, termites, insects, if any, in


the LEASED PREMISES; or

19.2 the failure of water supply and/or electric current, cleaning or


other services due to accident, repairs, alterations or improvements,
inability to secure proper adequate supply of water, electricity, labor or
supplies or for any other reason beyond the reasonable control of the
LESSOR;

19.3 any article delivered or left to any of its employees, including


vehicles parked in the vicinity of the LEASED PREMISES;
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19.4 any damage to LESSEE’s property due to force majeure or


any other unforeseen cause or acts of God or beyond the control of the
LESSOR or, though foreseen, damage to the LESSEE’s property that
could have been prevented by the exercise of due diligence; or

19.5 any injury, loss or damage including death which the LESSEE,
members of his household, guests, or visitors, or any and all other
persons may sustain in the LEASED PREMISES due to theft, robbery,
arson and other crimes or any cause whatsoever.

20. SURRENDER OF THE LEASED PREMISES.

20.1. The LESSEE agrees to return and surrender the LEASED


PREMISES at the expiration of the Lease Term of this Contract of
Lease in as good condition as reasonable wear and tear will permit and
without any delay whatsoever, devoid of all occupants, furniture, articles,
garbage and effects of any kind other than alteration, addition or
improvements which the LESSOR may elect to take, in accordance with
this Contract of Lease. All keys and duplicate shall also be returned to
the LESSOR. Any damage caused to the LEASED PREMISES by reason
of the removal of any and all items placed or brought in by the LESSEE
in the LEASED PREMISES shall be for LESSEE’s account.

20.2. If the LESSEE fails to notify the LESSOR of his intention to


renew this Contract of Lease or the Parties fail to execute a contract of
lease for the renewed term, and the LESSEE continues to occupy the
LEASED PREMISES beyond the expiration of the Lease Term of this
Contract of Lease, the LESSEE shall pay LESSOR the amount of the
rent plus six percent (6%) of the rentals as a penalty for failure to return
the LEASED PREMISES, for every month of delay or fraction thereof in
the surrender of the LEASED PREMISES to the LESSOR, until the
LEASED PREMISES shall have been fully and completely restored to
the LESSOR.

20.3. The LESSEE may terminate this Contract of Lease sooner


than its stipulated expiration date, giving three (3) months notice
inferring his intention to vacate the LEASED PREMISES, subject to the
forfeiture of its security deposit in favor of the LESSOR as and by way of
liquidated damages to the latter.

20.4. If the LEASED PREMISES be not surrendered at the


expiration of the Lease Term of this Contract of Lease, the LESSEE
shall be responsible to the LESSOR for all damages which the LESSOR
may suffer by reason thereof and will indemnify the LESSOR against any
and all claims made by any succeeding tenant against the LESSOR,
resulting from delay by the LESSOR in delivering possession of the
LEASED PREMISES to such succeeding tenant, so far as such delay is
occasioned by the failure of the LESSEE to so surrender the LEASED
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PREMISES on time. In view of such, if the LESSEE is found to be in


material breach of any provision of this Contract of Lease, the
LESSOR, upon sufficient prior notice to the LESSEE, may secure the
LEASED PREMISES to the full exclusion of the LESSEE.

20.5. In no case shall the LESSEE prohibit the LESSOR from


showing the LEASED PREMISES to prospective tenants or buyers
within thirty (30) days prior to the expiration of the Lease Term.

21. BREACH OF CONTRACT OR DEFAULT. -- The LESSEE


agrees that all the covenants and agreements herein contained shall be
deemed essential conditions of this Contract of Lease and if there be
any breach or default thereof committed by the LESSEE, the LESSOR
shall have the right to terminate this Contract of Lease sooner than its
stipulated expiration date and may recover possession of the LEASED
PREMISES and forfeit the security deposit posted by the LESSEE,
without prejudice to other rights and remedies available to the LESSOR
under existing laws.

22. ABANDOMENT OF PREMISES – The LESSEE shall not


abandon or leave untenanted the LEASED PREMISES for a continuous
period of more than three (3) days at any time during the Lease Term
without prior notice to the LESSOR; otherwise, the LESSOR shall be
entitled to the exercise of the following rights, to wit:

22.1 The LESSOR shall have the right to take immediate


possession of the LEASED PREMISES without need of judicial demand
and without any restriction for the purpose of preserving and/or
protecting the LEASED PREMISES and to offer the same for lease to
the public or otherwise to dispose of the same. Furthermore, the
LESSOR shall have the right to cut-off or deny the LESSEE basic utility
services and access to or use of amenities in the LEASED PREMISES.

22.2 For this purpose, the LESSEE hereby automatically


constitutes the LESSOR as its attorney-in-fact to automatically repossess
and/or to padlock the LEASED PREMISES, without judicial
proceedings.

22.3 The LESSOR shall clear the LEASED PREMISES of any


furniture, fixtures and equipment of the LESSEE or any occupants found
therein and cause such furniture, fixtures and equipment to be stored in
a warehouse or storage area of the LESSOR's choice, the expenses for
which shall be charged to the LESSEE. The LESSEE shall have thirty
(30) calendar days from receipt of the notice sent to its last known
address to claim and take possession of these furniture, fixtures and
equipment, subject to prior settlement of all its liabilities with the
LESSOR. The LESSEE’s rents as stipulated herein shall continue to
accrue in favor of the LESSOR until the expiration of this Contract of
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Lease, or until the LEASED PREMISES have been relet, whichever


comes first.

22.4 If LESSEE fails to make a claim or to take possession of the


furniture, fixtures and equipment within the period allowed, the LESSOR
is hereby constituted, named and appointed as its attorney-in-fact to
dispose of or sell these furniture, fixtures, and equipment by public or
private auction and to sign the necessary documents relative thereto, the
costs of which auction and documents shall be charged to the LESSEE,
and to apply the proceeds thereof to the settlement of the LESSEE's
liabilities without prejudice to the right of the LESSOR to collect from
the LESSEE the balance thereof. The exercise by the LESSOR of his
rights herein shall not constitute the LESSOR as a depository of the
properties of the LESSEE.

23. TERMINATION OF CONTRACT. -- In case of violation of


the LESSEE of any its obligations as provided herein, the LESSOR shall
have the right to terminate this Contract of Lease by furnishing the
LESSEE with written notice at least two (2) weeks prior to the intended
date of termination. Such notice shall take effect on the intended date of
termination unless, within said two (2) week period, the LESSEE shall
have satisfied the LESSOR that such violation has been remedied and
that all reasonable steps have been taken to prevent a recurrence
thereof.

23.1 PRE TERMINATION. -- In case of pre-termination by the


LESSEE prior to the end date of the lease, the Security Deposit shall be
deemed automatically forfeited.

24. VENUE AND LITIGATION. -- All actions and controversies


that may arise from this Contract of Lease may be brought by either
party, before the proper court(s), in the City of Makati, Philippines, to the
exclusion of all other courts, the Parties hereby expressly waiving any
other venue.

25. LESSOR’S ABSOLUTE RIGHT TO SELL AND


MORTGAGE HIS PROPERTY. –The LESSOR has the absolute and
unconditional right to sell, transfer, convey, mortgage or otherwise
encumber the LEASED PREMISES to any third person or persons at
any time during the life of this Contract of Lease or any renewal or
extension thereof, provided that all the rights of the LESSEE under this
Contract of Lease shall be fully protected, respected and disclosed to
any such third person or persons.

25.1. In the event of the sale, transfer, mortgage, or any other


encumbrance of the LEASED PREMISES, the LESSOR must inform in
writing the said third party of the existence of the Contract of Lease
prior to or at the time of the sale, transfer, mortgage, or any other
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encumbrance, and require the incorporation of this Contract of Lease in


the Deed of Sale or Conveyance. The LESSOR or his authorized
representative shall have the right to enter and show the LEASED
PREMISES to prospective tenants or buyer provided that the LESSEE is
informed at least one (1) day in advance. The LESSOR shall ensure that
the Purchaser or Mortgagee of the property shall protect and respect the
terms and conditions of this Contract of Lease.

26. SEPARABILITY CLAUSE. -- In case one or more of the


provisions contained in this Contract of Lease shall be declared invalid,
illegal or unenforceable in any respect by the competent authority, the
validity, legality and enforceability of the remaining provisions contained
in this Contract of Lease shall not in any way be affected or impaired
thereby.

27. NON-WAIVER. -- The failure of a party to insist upon a strict


performance of any of the terms, conditions, stipulations, or covenants
hereof shall not be deemed a relinquishment or waiver of any right or
remedy which such party may have, nor shall it be construed a waiver of
any subsequent breach or default of the terms, conditions and covenants
hereof, which terms, conditions, stipulations and covenants shall
continue to be in full force and effect. No waiver by a party of any of its
rights under this Contract of Lease shall be deemed to have been made
unless expressed in writing and signed by such party.

28. EXPROPRIATION. -- In case of expropriation of any portion


of the property subject matter hereof by the Government or any of its
instrumentalities or agencies, during the effectivity of this Contract of
Lease, each Party hereby unconditionally relieves and releases the other
Party from any and all liability in connection with this Contract of
Lease.

29. COURT LITIGATION/PENAL PROVISION – The Parties


agree that all the covenants & agreements herein contained shall be
deemed conditions as well as covenants and that if default or breach be
made of any such covenants and conditions, this Contract of Lease at
the discretion of the Party not in default or breach (“Aggrieved Party”),
may be terminated and cancelled forthwith and the party in default or
breach (“Party in Default”) shall be liable for any and all damages, actual
& consequential, resulting from such breach and termination.

29.1. Should the Aggrieved Party seek judicial relief against the
Party in Default for the enforcement of any of his rights under this
Contract of Lease, the Party in Default obligates itself to pay attorney’s
fees in an amount equivalent to twenty five percent (25%) of the
amount claimed in the complaint but in no case less than the
equivalent of five (5) months’ rent, exclusive of the lawyer’s
acceptance fee of ONE HUNDRED THOUSAND PESOS (Php
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100,000.00), in addition to the costs of suit and other expenses of


litigation and damages incurred by the Aggrieved Party subject to such
ceilings or limits as the law may provide.

30. MISCELLANEOUS PROVISIONS

(a) All stipulations and covenants hereof shall extend to and be


obligatory on the heirs, personal representatives, successors and
assignees (as the case may be) of the parties;

(b) This Contract of Lease contains the whole agreement of the


Parties with respect to the subject matter hereof, such that all prior and
contemporaneous agreements of the Parties inconsistent herewith are
deemed superseded hereby;

(c) Reference in this Contract of Lease to a noun or pronoun in


the singular number shall include the plural, and reference in the
masculine gender shall include the feminine and neutral as may be
applicable in each particular case and vice-versa;

(d) Legal notices required to be given by one Party to the other


under this Contract of Lease shall be deemed sufficient if sent or
forwarded to the address of such Party as mentioned herein, unless the
Party to whom notice is to be given shall have furnished the other Party
with written notice of change of address. This rule shall also apply to any
summons, orders or notices sent by the court to either of the Parties in
connection with any lawsuit or litigation arising from or connected with
this Contract of Lease;

(e) This Contract of Lease may be amended or modified only in a


written instrument duly signed by the Parties.

IN WITNESS WHEREOF, the Parties hereto have hereunto


affixed their signature on the date and at the place first above written.

RJOSEPH VI, INC. EXTRAORDINAIL SALON AND


Lessor SKIN CARE
Lessee
Represented by: Represented by:
Contract of Lease
Page 13 of 14

_____________________________ ____________________________
RALPH LIM JOSEPH MA. VERONICA G.
Corporate President RESSURECCION

SIGNED IN THE PRESENCE OF:

_____________________________ ___________________________

REPUBLIC OF THE PHILIPPINES)


City of Makati ) S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in City of Makati, Metro


Manila, Philippines, this ___ day of _____ 2016 personally appeared the
following with their respective Competent Proof of Identity:

NAME CPI EXP. DATE/PLACE


ISSUED

Ma. Veronica Resurreccion Driver’s License No.


04.17.2017/LTO
07-02224845

Ralph Lim Joseph Passport No. EC0235732 2.16.2019/DFA,


Manila

known to me and to me known to be the same persons who


executed the foregoing instrument and acknowledged to me that the
same are their free act and deed and that of the Corporations they
respectively represent.
Contract of Lease
Page 14 of 14

This instrument refers to a Contract of Lease, consisting of eleven


(11) pages, including this acknowledgment page, on which the Parties
and their instrumental witnesses signed on each and every page hereof.

WITNESS MY HAND AND SEAL, the date, year and place above-
mentioned.

Doc. No. _____;


Page No. _____;
Book No. _____;
Series of 2016.

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