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CONTRACTCONTRACT OFOF LEASELEASE

KNOWKNOW ALLALL MENMEN BY THISBY THIS CONTRACT:CONTRACT:

ThisThis CONRACTCONRACT OFOF LEASE madeLEASE made and enteredand entered into byinto by andand between:between:

F,F, RAMOSRAMOS BUILDING,BUILDING, aa privateprivate andand businessbusiness establishmentestablishment dulyduly

organizedorganized andand existingexisting underunder PhilippinePhilippine laws,laws, representedrepresented byby ils'ils'IMELDAIMELDA R.R. CHAvEz,CHAvEz, ofof legallegal age,age, Filipino, maniedFilipino, manied andand aa residentresident ofofMankilam,Mankilam, TagumTagum Ciry,Ciry, DavaoDavao deldel Norte,Norte, Philippines'Philippines' hersinafterhersinafter retenedretened

toto asas thethe LESSOR;LESSOR;

-and--and-

PHILIPPINEPHILIPPINE HEALTHHEALTH INSURANCEINSURANCE CORPORATIoN,CORPORATIoN, aa govemmentgovemment

ownedowned andand controlledcontrolled corporationcorporation dulyduly registered, organizadregistered, organizad andand existingexisting

under Philippineunder Philippine lawslaws withwith principalprincipal officeoffice addressaddress atat ValgosonsValgosons Building'Building'

Bolton Extension,Bolton Extension, DavaoDavao City,City, Philippines,Philippines, representedrepresented hereinherein byby MR.MR.

DENNISDENNIS B. ADRE,B. ADRE, RegionalRegional ViceVice PresidentPresident -- PhilhealthPhilhealth RegionalRegional OfficeOffice

Xl, hereinafterXl, hereinafter refenedrefened toto asas thethe LESSEE.LESSEE.

-- witnessethwitnesseth --

WHEREAS,WHEREAS, thethe LESSORLESSOR isis thethe registeredregistered andand absoluteabsolute ownerowner of a fourof a four(4)(4) storeystorey concreteconcrete and commercialand commercial buildingbuilding with anwith an areaarea of appoximatelyof appoximately '1,516'1,516

square meterssquare meters moremore oror less situated alongless situated along Arellano Street,Arellano Street, TagumTagum City;City;

WHEREAS,WHEREAS, thethe LESSEE hasLESSEE has formally intendedformally intended toto leaselease an officean office spacespace

ownedowned byby thethe LESSOR,LESSOR, F.F. RAMOSRAMOS BUILDING,BUILDING, forfor PROPRO XlXl LocalLocal HeatthHeatth

InsuranceInsurance OfficeOffice (LHIO)(LHIO) inin thethe CityCity ofof Tagum, withTagum, with an area ofan area of approximatelyapproximately 379379

squaresquare metersimetersi morgmorg oror less;less;

1.1. SUBJECTSUBJECT OF LEASE.OF LEASE. FourFour (4)(4) storeystorey commercialcommercial buildingbuilding with anwith an areaarea

ofof 379379 squaresquare meters moremeters more oror less inless in thethe groundground floorfloor locatedlocated alongalong

ArellanoArellano Street,Street, TagumTagum City;City;

2.2. TERMTERM OFOF LEASE.LEASE. This contractThis contract ofof lease @mmencelease @mmence fromfrom DecemberDecember 1'1'

20'1220'12 andand endend onon Oecember 31,Oecember 31, 2012;2012;

RENEWAL.RENEWAL. WithinWithin thirtythirty (30)(30) daysdays priorprior to the expirationto the expiration of thisof this contraclcontracl

ofof lease,lease, thethe LESSEELESSEE willwill makemake aa formal noticeformal notice of ilsof ils intentionintention toto renewrenew

thethe lease withlease with thethe LESSORLESSOR forfor anotheranother yearyear andand for suchfor such anyany oror all otherall other

terms andterms and conditionsconditions as mayas may thenthen bebe mutually agreedmutually agreed upon;upon;

LEASELEASE RATE.RATE. ThEThE IEASEIEASE .aIE.aIE iSiS FIFTYFIFTY THOUSA'VDTHOUSA'VD PESOSPESOS O'VI.YO'VI.Y (P(P

5O,U0.OO)5O,U0.OO) perper monthmonth inclusiveinclusive ofof allall govemment requiredgovemment required feesfees andand

taxes,taxes, ioio bebe paidpaid onon oror beforebefore thethe tenthtenth (10r')(10r') dayday ofof thethe succeedingsucceeding

monthmonth uponupon presentationpresentation ofof aa billingbilling oror noticenotice forfor payment.payment. TheThe

withholdingwithholding taxtax shallshall bebe paidpaid byby thethe LESSEELESSEE whowho shallshall provideprovide thethe

LESSOR theLESSOR the withholdingwithholding tax certificate:tax certificate:

DEPOSIT.DEPOSIT. Upon signingUpon signing of thisof this contract,contract, thethe LESSEELESSEE shall depositshall deposit thethe

sumsum ofofOneOne Hundred ThousandHundred Thousand PesosPesos (P(P 1o0,@0.0O),1o0,@0.0O), equivalent toequivalent to

twotwo (2)(2) months deposit.months deposit. ThisThis depositdeposit rentalrental shallshall paypay forfor q4pagl-electricq4pagl-electric

bills,bills, telephone,telephone, waterwater andand otherother utility billsutility bills and otherand other liquidatedliquidated damagesdamages

in casein case thethe LESSEELESSEE failfail toto settlesettle lhelhe saidsaid utilitiesutilities bills.bills. The depositThe deposit shallshall

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4.4.

5.5.

  

6.6.

be returnedbe returned to theto the LESSEE withoutLESSEE without inlerestinlerest withinwithin tenten (10)(10) days at thedays at the

endend ofof the termsthe terms beingbeing nono renewalrenewal beingbeing enteredentered into byinto by thethe parties,parties, lessless

expensesexpenses forfor thethe repairrepair ofof thethe premises,premises, ifif any;any;

UsEUsE oFoF THETHE PREMISES.PREMISES. TheThe leasedleased areaarea shallshall bebe usedused byby thethe

LESSEELESSEE for officefor office purposespurposes andand shall not be converledshall not be converled intointo anotheranother useuse

withoutwithout priorprior authorityauthority fromfrom thethe LESSOR. The useLESSOR. The use of theof the premisespremises shallshall

bebe subjectsubject toto thethe uniformly applicableuniformly applicable buildingbuilding rulesrules andand regulationsregulations

whichwhich thethe LESSORLESSOR maymay subsequentlysubsequently provideprovide toto allall lesseeslessees andand /or/or

occupantsoccupants withwith thethe objectiveobjective ofof safeguardingsafeguarding theirtheir personspersons andandpersonalities,personalities, thethe common safetycommon safety andand welfarewelfare andand moremore important,important,

fosteringfostering aa desirabledesirable relationshiprelationship amongamong andand betweenbetween thethe lessee'slessee's

occupantsoccupants andand building administration;building administration;

ELECTRICELECTRIC SERVICES.SERVICES. TheThe LESSORLESSOR maymay requirerequire anyany amendmentamendment

thereofthereof where conectwhere conect tappingtapping ofof electric serviceelectric service andand otherother utilitiesutilities isis

consideredconsidered necessary.necessary. The LESSEEThe LESSEE maymay avail of theavail of the building electricianbuilding electrician

andand handymanhandyman for thefor the purpose,purpose, withwith chargescharges shoulderedshouldered byby itit WhereWhere

portionsportions oror partsparts ofof thethe improvementsimprovements affectaffect portionportion oror partsparts ofof thethe

structure,structure, thethe LESSORLESSOR willwill requirerequire necessarynecessary correctioncorrection ofof submittedsubmitted

plans.plans. AnyAny subsequentsubsequent alterations,alterations, additionaddition oror furtherfurther improvementsimprovements onon

thethe leasedleased premisespremises willwill requirerequire thethe submissionsubmission of theof the planplan andand forfor thethe

approvalapproval ofof thethe LESSOR;LESSOR;

UTILITIES.UTILITIES. The subjectThe subject buildingbuilding willwill bebe providedprovided withwith electricelectric powerpower andand

facilities. Allfacilities. All electricelectric bills forbills for thethe powerpower usedused byby thethe LESSEELESSEE shall beshall be paidpaid

by itby it andand thethe LESSORLESSOR shall beshall be renderedrendered freefree fromfrom the nonthe non paymentpayment oror

cut-offcut-off forfor nonnon paymentpayment byby thethe LESSEELESSEE andand thisthis connectionconnection appliesapplies

despitedespite thethe samesame electricity billselectricity bills usedused byby thethe LESSEELESSEE areare registeredregistered inin

thethe name ofname of thethe LESSOR;LESSOR;

7.7.

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9.9. TELEPHONETELEPHONE ANDAND COMMUNICATION.COMMUNICATION. TheThe subjectsubject buildingbuilding willwill bebe

providedprovided with telephonewith telephone lineslines facilities.facilities. AllAll telephonetelephone billsbills and tollsand tolls lor thelor the

lines usedlines used byby LESSEE shallLESSEE shall bebe paidpaid byby itit andand thotho LESSOR shallLESSOR shall bebe

renderedrendered freefree fromfrom thethe nonnon paymentpayment or cut-offor cut-off forfor thethe nonnon paymentpayment byby thethe

LESSEELESSEE and thisand this connectionconnection appliesapplies despiGdespiG thethe samesame telephonetelephone

number andnumber and lineslines usedused byby the LESSEEthe LESSEE areare registeredregistered inin thethe name ofname of thethe

LESSOR;LESSOR;

'lO.LIGHT'lO.LIGHT ANDAND LIGTHINGLIGTHING FIXTURES.FIXTURES. TheThe subjectssubjects buibingbuibing areare providedprovided

withwith lights,lights, lightinglighting fixturesfixtures withwith fluorescentfluorescent tubestubes andand diffusers.diffusers. TheThe

lighting supplieslighting supplies willwill bebe replacedreplaced whenwhen bustedbusted oror damageddamaged withwith costcost

shoulderedshouldered byby thethe LESSEE.LESSEE. TheThe LESSORLESSOR is notis not obligatedobligated toto provideprovide atat

itsits ownown expense;expense;

11.11. RESPONSIBILITIESRESPONSIBILITIES OFOF BOTH PARTIES:BOTH PARTIES:

A.A. The LESSEEThe LESSEE herebyhereby agreesagrees toto keepkeep thethe leasedleased premisespremises inin clean,clean,

goodgood andand sanitarysanitary conditioncondition atat all timesall times in accordancein accordance withwith qualityquality

standardsstandards ofof thethe building;building;

B.B. TheThe LESSORLESSOR shallshall notnot bebe liableliable forfor thethe presencepresence inin thethe leasedleased

premisespremises ofof bugs,bugs, vermin,vermin, rats, ant,rats, ant, termites,termites, insectsinsects andand otherotherpestpest ofof anyany kind orkind or naturenature whatsoever.whatsoever. However,However, uponupon raquest byraquest by

ineine leSSigleSSig oror thethe LESSOR'SLESSOR'S ownown volilion,volilion, regularregular pestpest controlcontrol

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D.D.

c.c.

E.E.

serviceservice shallshall bebe undertakenundertaken by theby the LESSORLESSOR ofof thethe leasedleased

premises;premises;

The LESSORThe LESSOR reservesreserves thethe rightright toto prescribeprescribe oror limitlimit thethe weightweight ofof

anyany machinery,machinery, safesafe equipmentequipment andand similarsimilar articlearticle thatthat maymay bebe

broughtbrought andand placedplaced inin the leasedthe leased premises:premises:

ToTo lessenlessen inconvenience.inconvenience. thethe LESSEELESSEE shallshall makemake deliverydelivery ofof

fumiture,fumiture, equipment,equipment, oror hishis representativerepresentative whowho maymay immediatelyimmediately

conductconduct inspectioninspection of saidof said item;item;

The LESSEEThe LESSEE shall, haveshall, have thethe rightright toto makemake outout from thefrom the buildingbuilding atat

anytimeanytime of the day anyof the day any ofof itsits officeoffice fumiture,fumiture, officeoffice machine'machine' oror anyany

typetype ofof officeoffice equipmentequipment andand accessoriesaccessories ofof any kind'any kind' providedprovided

thatthat aa priorprior noticenotice shall haveshall have beenbeen givengiven toto thethe LESSORLESSOR oror hishis

representative;representative;

TheThe commoncommon conidors,conidors, hallwayshallways andand lobbieslobbies ofof thethe buildingbuilding areare

destineddestined asas passagewaypassageway forfor ingrsssingrsss toto and egressand egress from thefrom the leasedleased

premisespremises andand nono obstructionobstruction shallshall bebe causedcaused therein;therein;

TheThe LESSEELESSEE shall notshall not causedcaused thethe exteriorexterior faqadefaqade of theof the buildingbuilding

toto bebe changedchanged oror alteredaltered inin anyany way,way, withoutwithout thethe priorprior writtenwritten

consentconsent ofof thethe LESSOR;LESSOR;

TheThe LESSEELESSEE shallshall seesee toto itit thatthat thethe teasedteased premisespremises areare freefree fromfrom

obnoxiousobnoxious odor and otherodor and other nuisances,nuisances, andand thatthat itit bebe usedused inin aa

mannermanner thatthat willwill notnot disturbdisturb thethe peacepeace and tranquilityand tranquility ofof thethe otherother

buildingbuilding occupants;occupants;

OccurrenceOccurrence ofof firefire andand explosions,explosions, suchsuch as explosivesas explosives ofof anyany kindkind

oror type,type, pyrotechnicpyrotechnic articles,articles, gasolinegasoline or flammableor flammable fluids,fluids, amongamong

others.others. When thisWhen this conditioncondition is violatedis violated andand results inresults in damagedamage oror

destructiondestruction toto thethe leasedleased premises,premises, thethe LESSEELESSEE shallshall bebe

conjunctivelyconjunctively heldheld responsibleresponsible forfor claimsclaims fromfrom allall damagesdamages andand

any actionany action againstagainst for ordinancefor ordinance violationiviolationi

TheThe LESSORLESSOR shall seeshall see toto itit thatthat thethe premisespremises areare renderedrendered inin aa

tenabletenable condition.condition. InIn thethe event certainevent certain oror destructiondestruction isis causedcaused bybythethe occurrenceoccurrence oror naturalnatural events,events, immediateimmediate repairrepair oror restorationrestoration

shallshall bebe undertakenundertaken byby thethe LESSORLESSOR grantinggranting moratoriummoratorium oror

waiverwaiver ofof renlalrenlal paymentpayment forfor thethe periodperiod ofof timetime neededneeded forfor suchsuch

repairrepair oror resloration;resloration;

t.t.

K.K. TheThe LESSEELESSEE shallshall undertakeundertake allall ordinaryordinary repairsrepairs on theon the leasedleased

premisespremises atat itsits own cost.own cost. RepairRepair onon thethe electricelectric outlets,outlets, telephone,telephone,

switchboxes,switchboxes, airair conditioningconditioning facilities,facilities, electricalelectrical wiringwiring andand

plumbingplumbing fixtures shallfixtures shall likewiselikewise bebe forfor thethe accountaccount ofof thethe LESSEE;LESSEE;

L.L. TheThe LESSORLESSOR shallshall undertakeundertake allall majormajor and extraordinaryand extraordinary repairsrepairs

on theon the leasedleased premisespremises atat his/itshis/its ownown expense.expense. InIn thethe eventevent thatthat

thethe leasedleased premisespremises cannotcannot bebe utilizedutilized duringduring thethe periodperiod ofof repair,repair,

thethe LESSORLESSOR grantsgrants aa moratoriummoratorium oror waiverwaiver ofof rentalrental paymentpayment forfor

suchsuch period;period;

M.M. TheThe LESSORLESSOR warrants thatwarrants that thethe LESSEELESSEE shallshall havehave thethe peacefulpeaceful

possessionpossession ofof thethe leasedleased premisespremises forfor thethe durationduration ofof thethe termterm

F.F.

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agreed uponagreed upon exceptexcept when the disturbancewhen the disturbance isis causedcaused byby naturalnatural

calamitiescalamities or actsor acts outside LESSOR'Soutside LESSOR'S control;control;

12.LAWS AND12.LAWS AND ORDINANCES.ORDINANCES. TheThe LESSEE shallLESSEE shall complycomply andand abideabide withwith

thethe ordinanceordinance ofof thethe citycity regadingregading thethe causecause ofof lhelhe premises,premises, complycomply

withwith healthhealth regulationsregulations andand securesecure permitspermits oror licenselicense businessbusiness

operations;operations;

13.|NJURY13.|NJURY TO THIRD PERSON.TO THIRD PERSON. TheThe LESSEELESSEE shallshall be solelybe solelyresponsibleresponsible

forfor anyany harmharm or injuryor injury asas may bemay be suffered by itssuffered by its employee oremployee or thirdthird personperson

whilewhile withinwithin thethe leasedleased premises,premises, whenwhen thethe actsacts complainedcomplained ofof werewere

causedcaused byby itsits negligence;negligence;

I4.INSPECT|ONI4.INSPECT|ON OFOF PREMISES.PREMISES. TheThe LESSORLESSOR oror his/itshis/its representatives,representatives,

withwith thethe properproper noticenotice to theto the LESSEELESSEE and atand at aa reasonablereasonable hourhour ofof anyany

workingworking day,day, shall beshall be allowedallowed entryentry to theto the leasedleased premisespremises toto conductconduct

inspectioninspection forfor repairsrepairs oror improvements.improvements. SubsequenlSubsequenl accessaccess toto thethe leasedleased

premisespremises shallshall bebe givengiven to the authorizedto the authorized person/sperson/s whowho willwill undertakeundertake thethe

repairrepair oror improvementimprovement inin orderorder toto lessen inconveniencelessen inconvenience toto thethe employeeemployee

andand clients, or avoidclients, or avoid disruption of officedisruption of office work or activities;work or activities;

15.REALTY15.REALTY TAX.TAX. TheThe real estatereal estate taxestaxes and otherand other paymentpayment imposed onimposed on thethe

leasedleased propertyproperty shallshall bebe for the exclusivefor the exclusive ofof thethe LESSOR:LESSOR:

16.SUBLEASE,16.SUBLEASE, TRANSFERTRANSFER OROR RIGHTS.RIGHTS. TheThe transfertransfer ofof rightsrights ofof thethe

LESSEELESSEE underunder thisthis contract andcontract and /or the sublease/or the sublease ofof anyany partpart oror portionportion ofof

thethe leasedleased premisespremises oror toto sellsell thethe propertyproperty withoutwithout need ofneed of aa priorprior noticenotice

toto thethe LESSORLESSOR isis givengiven andand approvalapproval ofof thethe latterlatter isis secured.secured. AnyAny

violation of thisviolation of this condition will be basiscondition will be basis forfor thethe termination of the contract;termination of the contract;

lT.MORTGAGElT.MORTGAGE AND ENCUMBRANCE.AND ENCUMBRANCE. The LESSORThe LESSOR reservesreserves his/itshis/its rightright

toto mortgagemortgage thethe propertyproperty includingincluding thethe leasedleased premisespremises oror toto sellsell thethepropertyproperty withoutwithout needneed ofof aa priorprior andand conditionsconditions in thisin this contract andcontract and thethe

right acquired thereright acquired there fromfrom byby thethe LESSEE areLESSEE are protectedprotected inin itsits entirety;entirety;

18.V|OLAT|ON.18.V|OLAT|ON. AA violationviolation byby oneone ofof thethe partiesparties ofof anyany ofof thethe termsterms andand

conditionsconditions setset forth hereinforth herein result asresult as aa rightright oror basisbasis for the terminationfor the termination ofofthisthis contract.contract. In suchIn such evenl, theevenl, the aggrievedaggrieved partyparty willwill make amake a formalformal noticenotice

toto terminateterminate thenthen obtainingobtaining thethe partiesparties shallshall endeavorendeavor toto amicablyamicably ororextraextra judicialjudicial settlementsettlement cannotcannot bebe arrivedarrived atat thethe terminationtermination ofof thethecontractcontract ifif thethe onlyonly solution;solution;

l9.TERMINATIONl9.TERMINATION

This contractThis contract ofof leaselease shallshall end on the terminal dateend on the terminal date agreedagreed uponupontherethere beingbeing nono renewal or agreed uponrenewal or agreed upon byby thethe parties;parties;

ItIt shall alsoshall also bebe terminatedterminated due todue to the violation or breachthe violation or breach by oneby one ofofthethe partiesparties ofof anyany ofof lhelhe agreedagreed termsterms andand conditionsconditions andand

amicable settlement cannotamicable settlement cannot bebe reachreach byby thethe parties;parties;

TheThe samesame shall alsoshall also bebe terminatedterminated whenwhen asas aa resultresult ofof thethe

occunenceoccunence ofof natural calamities,natural calamities, thethe leasedleased premisespremises isis renderedrenderedinin a conditiona condition unfit forunfit for occupancy;occupancy;

InIn casecase thethe termination occurstermination occurs due todue to thethe expirationexpiration ofof thethe leaseleasecontract and nocontract and no renewalrenewal or extensionor extension isis agreedagreed upon,upon, thethe LESSEELESSEE

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shallshall peacefullypeacefully vacatevacate thethe leasedleased premisespremises and retumand retum thethe samesame inin

conditioncondition itit waswas firstfirst enteredentered into,into, excaptexcapt forfor thethe effectseffects ofof ordinaryordinary

wearwear andand tear.tear. DamageDamage oror anyany iniuryiniury toto thethe leasedleased premisespremises

causedcaused byby thethe removalremoval oror articlesarticles oror impovsmentsimpovsments byby thethe LESSEELESSEE

shallshall bebe allowedallowed byby thethe LESSOR,LESSOR, withoutwithout cosuexpsnsescosuexpsnses toto thsths

former.former. WithinWithin tenten (( 10)10) calendar dayscalendar days afterafter thethe leasedleased premisespremises areare

vacated, the depositvacated, the deposit constitutedconstituted shall be retumedshall be retumed byby thethe LESSORLESSOR

toto thethe LESSEELESSEE withoutwithout nsednsed ofof demanddemand inin accordanceaccordance with Sectionwith Section

5.5. InIn casecase thethetermination occurstermination occurs asas

aaresultresult ofof thethe LESSEE SLESSEE S

breachbreach oror violationviolation of any of theof any of the termsterms oror conditioncondition agreedagreed upon,upon,

thethe LESSEE shallLESSEE shall peacefullypeacefully ofof itsits effecteffect andand improvements.improvements. ExceptExcept

forfor ordinaryordinary wear and tear,wear and tear, anyany damagedamage oror iniuryiniury toto thethe leasedleased

premisespremises shall beshall be repaidrepaid andand restoredrestored byby thethe LESSEE.LESSEE. AA movingmoving

outout periodperiod of fiveof five (5)(5) working daysworking days withoutwithout rentalrental chargecharge shallshall bebe

allowedallowed byby thethe LESSOR.LESSOR. WithinWithin tenten (10)(10) daysdays afterafter thethe premisespremises

areare vacated,vacated, thethe LESSORLESSOR shallshall retumretum thethe depositdeposit rentalsrentals

constitutadconstitutad lessless thethe amountamount mentionedmentioned inin SectionSection 55 andand 20 thereof.20 thereof.

In caseIn case thethe LESSOR isLESSOR is thethe guiltyguilty party,party, thethe latterlatter shall alsoshall also paypay

damagesdamages equivalent to oneequivalent to one (1)(1) monthmonth rentalrental toto thethe LESSEELESSEE beforebefore

thethe actualactual vacationvacation ofof thethe premises,premises, withoutwithout prejudiceprejudice toto otherother

remediesremedies asas providedprovided forfor bYbY thethe law;law;

lflf terminationtermination ensure dueensure due to deslructionto deslruction of theof the leasedleased premises,premises, thethe

LESSOR,LESSOR, shallshall retumretum thethe depositdeposit constitutedconstituted withinwithin thethesamasama

periodperiod asas above-mentioned.above-mentioned. The LESSORThe LESSOR shallshall notnot bebe answerableanswerable

oror responsibleresponsible forfor anyany damagedamage oror injuryinjury toto thethe propertiesproperties ofof thethe

LESSEE causedLESSEE caused by the destructionby the destruction of theof the leasedleased premisespremises duedue toto

naturalnatural eventsevents oror toto anyany causecause thatthat isis beyondbeyond thethe LESSOR'SLESSOR'S

control;control;

O.O. AnyAny partyparty maymay terminateterminate thisthis CONTRACTCONTRACT OFOF LEASELEASE forfor anyany

causecause atat anyany timetime beforebefore thethe expirationexpiration ofof the termthe term agreedagreed uponupon

byby givinggiving thethe otherother partyparty thirtythirty (30)(30) daysdays written noticewritten notice ofofterminationtermination priorprior to theto the intendedintended datedate withoutwithout incuning anyincuning any liabilityliability

asas to theto the damages,damages, subjectsubject to theto the termsterms andand conditionsconditions setset forthforth inin

thethe proceedingproceeding subsub paragraphs;paragraphs;

2o.DELAY2o.DELAY lNlN VACATIoNVACATIoN OF THEOF THE PREMISES.PREMISES. ExceptExcept asas providedprovided forfor inin

thethe immediatelyimmediately paragraph,paragraph, ifif thethe premissspremisss is not vacatedis not vacated withinwithin livelive(5)(5)

daysdays gracegrace periodperiod allowedallowed byby thethe LESSOR,LESSOR, thenthen thethe LESSOR, thenLESSOR, then thethe

LESSEELESSEE shallshall bsbs chargedcharged withwith thethe conespondingconesponding dailydaily rentalsrentals ofof thethepremisespremises lolo bebe affectedaffected from thefrom the terminal to theterminal to the datedate whenwhen thethe premisespremises

isis totallytotally vacated:vacated:

21.NON-wAlvER.21.NON-wAlvER. TheThe failurefailure ofof thethe LESSORLESSOR toto insistinsist uponupon thethe strictstrict

performancesperformances ofof any of theany of the tsrms,tsrms, conditions,conditions, andand covenantscovenants hereof shallhereof shall

not be deemednot be deemed aa relinquishmentrelinquishment oror waiverwaiver ofof any subsequentany subsequent breachbreach oror

default of suchdefault of such termsterms and conditionsand conditions and covenants:and covenants:

22.22. LITIGATIONLITIGATION ANDAND VENUE.VENUE. In theIn the eventevent judicialjudicial relief againstrelief against thethe guiltyguilty

partyparty ifif tiledtiled beforebefore thethe regular courts,regular courts, for thefor the enforcementenforcement ofof thethe termsterms

andand conditionsconditions in thein the contract,contract, thethe guilty party,guilty party, inin additionaddition toto any otherany other

damagesdamages thatthat may be awatdedmay be awatded byby thethe court,court, agressagress toto paypay tenten percentpercent

(10%)(10%) ofof thethe amount claimedamount claimed butbut inin no caseno case lessless thanthan tenten thousandthousandpesospesos (1O,OOO.OO)(1O,OOO.OO) asas attomey'sattomey's fees, asidefees, aside fromfrom the cost ofthe cost of litigation andlitigation and

otherother expensesexpenses whichwhich thethe law entitles thelaw entitles the aggrievedaggrieved partyparty toto recover.recover. TheThe

1-,,1-,,

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II

  

partiesparties agreeagree thethe venuevenue ofof courtcourt ac{ionac{ion isis inin thethe properproper coudscouds of Tagumof Tagum

City;City;

23.SEPARABILITY23.SEPARABILITY CLAUSE.CLAUSE. lflf anyany paragraph,paragraph, sutsparagraphsutsparagraph oror partpart ofof

thls contractthls contract isis declareddeclared invalid, suchinvalid, such shall not affectshall not affect thethe otherother paragraph,paragraph,

suFparagraphssuFparagraphs oror partsparts of thisof this conlract;conlract;

24.SUPERSEDING24.SUPERSEDING CLAUSE.CLAUSE. ThisThis contractcontract ofof leaselease sup€rs€dessup€rs€des andand

rendersrenders void any andvoid any and allall agreementsagreements andand undertakings,undertakings, oraloral oror written,written,whichwhich maymay havehave beenbeen entoredentored into byinto by andand betweenbetween thethe partles'partles' thethe samesame

bsingbsing consideredconsidered asas havinghaving beenbeen mergedmerged herein.herein. AnyAny changeschanges oror

after;tionsafter;tions inin thisthis contractcontract shallshall bebe valid ifvalid if mademade inin writing andwriting and duly signedduly signed

byby thethe parties.parties.

By:By:y:y:

F.F. RAMOSRAMOS BUILDINGBUILDINGLessorLessor

AttomeylftAttomeylft FactFact

a->a->Y,Y,JERSOIq1JERSOIq1 PANTUAPANTUAAttomsy-ln-FactAttomsy-ln-Fact

lN WITNESSlN WITNESS WHEREOF,WHEREOF, thethe padiespadies hereto havehereto have signedsigned thisthis contraclcontracl ofof thisthis

dayday otot rJrurJru II || 201L201L 20122012 atat citycity ofof Tagum,Tagum, andand DavaoDavao

City, Philippines.City, Philippines.

PHILIPPINEPHILIPPINE HEALTHHEALTH INSURANCEINSURANCE CORP.CORP.LesseeLessee

SignedSigned inin thethe PresencePresence

PATPAT L. UYL. UYChi6fChi6f OfiicerOfiicer

orfu.oo*,orfu.oo*,RedionalRedional Vice Presid€ntVice Presid€nt

-Iv\-Iv\urrbA.*jnAvEzurrbA.*jnAvEz

KK ANGELANGELocialocial InsuraInsura

YY S.S. VELAYOVELAYO

rr  

REPUBLIC OFREPUBLIC OF THETHE PHILIPPINES)PHILIPPINES)

CityCity OFOF TAGUM)TAGUM) S.SS.S

--------------l--------------l

ACKNOWLEDGEMENTACKNOWLEDGEMENT

BEFOREBEFORE ME,ME, aaNotaryNotary PublicPublic forfor andand inin CityCity ofof Tagum,Tagum, Philippines,Philippines, thisthis

2012,2012, personallypersonally appearedappeared EEayay ofof _=--_=--iiliElo-liiliElo-l.. cHlVez,cHlVez, exhibitingexhibiting his/herhis/her lDlD NoNo La,'02-osiqotLa,'02-osiqot asas competenlcompetenl

p'di;fp'di;f identibr,identibr, knownknown toto meme indind toto meme knownknown toto bebe thethe samesame personperson whowho

executedexecuted thethe foregoingforegoing Instrument,Instrument, andand sheshe acknowledgedacknowledged toto meme thatthat thethe samesame

is his/heris his/her free andfree and voluntaryvoluntary actact and daed.and daed.

ThisThis InstrumentInstrument consistsconsists ofof

--pagespages includingincluding thethe pagepage horeofhoreof whereonwhereon

thisthis AcknowledgementAcknowledgement isis written,written, isis signedsigned byby thethe partiesparties and theand the witnesses'witnesses'

lNlN TESTIMONYTESTIMONY WHEREOF,WHEREOF, tt havehave hereuntohereunto signedsigned andand affixedaffixed my Notarialmy Notarial

sealseal onon thethe datedate andand placeplace first abovewritten.first abovewritten.

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REPUBLICREPUBLIC OFOF THETHE PHILIPPINES)PHILIPPINES)

ctTYctTY oFoF DAVAO)DAVAO) S.SS.S

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ACKNOWLEDGEMENTACKNOWLEDGEMENT

BEFOREBEFORE ME,ME, aa NotaryNotary Public.JoJPublic.JoJ andand inin -City-City ofof Davao,Davao, Ptilippines'Ptilippines' thisthisdavdav arar r"r" '' '' lllZlllZ 2ol22ol2 DersonallvDersonallv appearedappeared U&U&

DE-MttsDE-Mtts.. ADi;.ADi;. Jtr'tioitfisJtr'tioitfis hi.hi. BtRBtR TINTIN 118-'li1-i76118-'li1-i76 asas competentcompetent proofproof ofof

f;i:"nv.f;i:"nv.**"**" oo t;t; ;;;; i;;"i;;" knownknown toto be-thebe-theameame personperson whowho executedexecuted thethe

ff$il'ilil;;;iff$il'ilil;;;i"no"no

r,tr,t a"r,no*r"dgeda"r,no*r"dged toto meme thatthat thethe samesame isis hishis freefree andand

voluntaryvoluntary act andact and deed.deed.

Thislnstrumentconsistsof-pagesinc|udingthepagehereo{whereonThislnstrumentconsistsof-pagesinc|udingthepagehereo{whereonthisthis ncinowieOgementncinowieOgement isis written,written, isis signedsigned byby thethe partiesparties andand thethe witn€sses'witn€sses'

INTEST|MoNYWHEREOF,IhavehereuntosignedandaffixedmyNotaria|INTEST|MoNYWHEREOF,IhavehereuntosignedandaffixedmyNotaria|sealseal onon thethe datedate andand placeplace firstfirst abovewritten'abovewritten'

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ARNEARNE B.5U8IBIB.5U8IBIooc.mooc.m 340340 ::

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