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CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This lease contract is made and entered into this 2

th

da! o"#an$ar!% 2&'( in Mari)ina *it!% +! and +et,een:

MRS. ARACELI B. DEL ROSARIO% a -ili.ino citi/en o" le0ala0e and ,ith residence at BLO*K 2 LOT A% ROS1TA 1LLA3E%Mari)ina *it!% herein a"ter re"erred to as the 4LESSOR5

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GOSPEL OF JESUS CHRIST MINISTRIES METRO MANILA

INC.% a cor.oration d$l! or0ani/ed $nder Phili..ine la,s% ,ithaddress at OLAN7ES% Mari)ina *it!% d$l! re.resented +! its*hairman o" the Board ,ith s$8cient a$thorit!% ENGR. EFREN S.SARCOS% hereina"ter re"erred to as the LESSEE9

W1TNESSETH: That

Whereas the LESSOR is the tr$e o,ner o" a .arcel o" land

sit$ated at % Mari)ina *it!9

Whereas the LESSEE desires to lease the a+o;e6mentioned.remises and the LESSOR is ,illin0 to lease the same $nto theLESSEE9

NOW% THERE-ORE% in consideration o" the "ore0oin0.remises and the m$t$al co;enants and o+li0ations hereina"tercontained and to +e .er"ormed% the LESSOR here+! leases andthe LESSEE here+! acce.ts +! ,a! o" lease "rom the LESSOR the

a+o;e mentioned .arcel o" land s$+

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lease $ntil s$ch time the amo$nt s.ent +! the LESSEE

"or the constr$ction o" the +$ildin0 has +een .aid +!

the LESSOR9 A"ter,hich% a monthl! rental o" -1E

THO@SAN7 PESOS =Ph. ?%&&&9&&> shall ta)e eect $ntil

the end o" lease9

3. UTILITIES All eC.enses "or ,ater% 0as% tele.hone% andelectricit! shall +e "or the acco$nt o" the LESSEE9

4. PURPOSE The .remises shall +e $sed eCcl$si;el! "orreli0io$s .$r.oses9 This incl$des the constr$ction o" a ch$rch+$ildin0 and other necessar! str$ct$res "or its maintenance

and o.eration as an im.ro;ement thereon9

1" an!time d$rin0 the eCistence o" the lease and ,itho$t the.re;io$s consent o" the LESSOR% the .remises are $sed "orother .$r.oses% the LESSOR ma!:

a9 Rescind the contractD+9 1ncrease the rentDc9 *om.el the LESSEE to sto. the ne, acti;itiesD or

d9 E consec$ti;e months% this contract shall+e deemed immediatel! terminated9

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#. SURRENDER OF LEASED PREMISES 1" the contract isterminated% ,hether+! its eC.ir! a"ter ten ='&> !ears or other,ise% the LESSEEshall immediatel! and .eace"$ll! ;acate and s$rrender the.ossession o" the leased .remises% incl$din0 im.ro;ements%$.on demand9

1$. TA%ES AND FIRE INSURANCE Real estate taCes%0o;ernment assessments% and re ins$rance char0es shall+e "or the acco$nt o" the LESSEE d$rin0 the term o" lease9

11. THIRD PART" LIABILIT" The LESSEE d$rin0 itsocc$.anc! o" the leased .remises shall hold the LESSOR "reeand harmless "rom an! dama0e or lia+ilit! or res.onsi+ilit!to an! .erson or .ro.ert! arisin0 o$t o" or as a conseG$enceo" the $se o" the leased .ro.ert! +! the LESSEE% his a0ents%em.lo!ees% domestic hel. and 0$ests9

12. SALE& TRANSFER AND MORTGAGE 1n the e;ent o"the sale% trans"er% mort0a0e or an! other enc$m+rance o"the leased .remises% the ;endee% trans"eree% or mort0a0eeshall res.ect all the terms and conditions o" this leasea0reement incl$din0 .ro;isions"or rene,al thereo"9

13. VIOLATION An! ;iolation o" the term herein set "orth

+! either LESSEE or LESSOR shall +e s$8cient 0ro$nd "ortermination o" this *ontract o" Lease +! the LESSOR ,ithdama0e accr$in0 to theinnocent .art!9

14. ATTORNE"'S FEES 1n case o" co$rt liti0ation +!;irt$e o" non.a!ment o" the a0reed rent or an! other +reacho" this a0reement on the .art o" the LESSEE% the LESSORshall ha;e the ri0ht to collect the amo$nt eG$i;alent to 2&Io" the total o+li0ation d$e as liG$idated dama0es andreasona+le "ees% eCcl$si;e o" the cost le0all! accr$ed9

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1N W1TNESS WHEREO-% the .arties hereto ha;e si0ned these

.resents on the date this 2thda! o" #an$ar!% 2&'( at Mari)ina

*it!9

MRS9 ARA*EL1 B9 7EL ROSAR1O EN3R9 E-REN S9

SAR*OS LESSOR LESSEE

S13NE7 1N THE PRESEN*E O-:

AC(NO)LEDGMENT

Re.$+lic o" the Phili..ines> > S9S9

BE-ORE ME% .ersonall! a..eared

Name: 1979 No9 7ateJ Place1ss$ed

'9 Lessor 29 Lessee

Kno,n to me and )no,n to +e the same .ersons ,ho eCec$tedthe "ore0oin0 instr$ment and ac)no,led0ed to me that the sameis their "ree and ;ol$ntar! act and deed9

This instr$ment consists o" .a0es% incl$din0 the .a0e on ,hichthis ac)no,led0ment is ,ritten% has +een si0ned on each ande;er! .a0e thereo" +! the concerned .arties and their ,itnesses%

and sealed ,ith m! notarial seal9

W1TNESS MY HAN7 AN7 SEAL% on the date and .lace rst a+o;e,ritten9

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Notar! P$+lic

7oc9 No9 DPa0e No9 DBoo) No9 DSeries o" 2&'(