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This AGREEMENT made and executed in _____________________

this ________ day of _______________________, 19____, by and between:

hereinafter called the LESSOR;


hereinafter called the LESSEE,


1. That the LESSOR is the absolute owner of a Two Post

Hydraulic Lifter (the "Equipment"), particularly described as follows, to

Brand - Kitone
Capacity - 3 Tons
Serial No. -
Motor No. -

2. That for and in consideration of the sum of

___________________ PESOS, inclusive of delivery and installation costs,
the LESSOR hereby leases the Equipment to the LESSEE under the
following terms and conditions:

(a) The lease rental shall be paid in twenty-four

(24) equal monthly installments commencing on
__________________ and every ____ day of the every
succeeding month. For this purpose, the LESSEE shall
issue 24 post dated checks to the LESSOR upon the
execution of this Agreement.

(b) Any monthly installment due and unpaid shall

bear interest at the rate of ________% per annum,
computed from the date of default until paid.

(c) Failure by the LESSEE to pay any installment

when due shall entitle the LESSOR to cancel this
Agreement and pull out the Equipment by whatever
means and LESSEE shall peacefully turnover possession
thereof to the LESSOR.

(d) Upon full payment of the rental, LESSOR shall

execute the appropriate Deed of Sale in favor of the
(e) LESSEE shall be solely liable and hereby
undertakes to hold LESSOR free and harmless from any
and all claims, damages, suits, liabilities, fiver, penalties
and other charges which may result by reason of, or in
connection with the use of the Equipment;

(f) The LESSEE shall assume all cost of repairs,

regular maintenance and other incidental expenses on the
Equipment after its installation and commissioning.
LESSOR, however, shall extend manufacturer's warranty
on the parts for a period of one (1) year from delivery of
the Equipment.

(g) In case of suit to recover possession of the

Equipment and other amounts due from the LESSEE, the
LESSEE shall pay the LESSOR attorney's fees in the
amount of not less than P30,000.00. Venue of all actions
shall be exclusively laid before the proper court of Pasig

IN WITNESS WHEREOF, the parties hereto have hereunto set

their hands this _____ day of __________________ 19____, in
__________________ Philippines.

(Lessor) (Lessee)
By: By:




Before me, a notary public, in and for ______________, Metro

Manila, personally appeared, the following persons to wit:

Name Comm. Tax Cert No.

Date/Place Issued

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.

This instrument refers to Lease to Own Agreement consisting of

three (3) pages including this page on which this acknowledgment
deed appears, signed by the parties and their respective witnesses on
all pages thereof.

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2001.
-RSEV/trs/319-2-01 //conversion/tmp/scratch/450381624.doc