LEASE CONTRACT

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made and executed at the City of _____, this
day of _______________, 20____, by and between:

____________________, Filipino, of legal age, single and with

address at No. ________________, hereinafter referred to as
the LESSOR.

-AND-

_______________________, Filipino, of legal age, married to

_______________________ and with address at
_______________________, hereinafter referred to as the LESSEE.

WITNESSETH; That

WHEREAS, the LESSOR is the absolute and registered owner in fee simple of
a parcel of land, situated in the _____________, Philippines, and more
particularly described as follows:

(Technical Description of Property)

WHEREAS, the LESSEE desires to lease the above-mentioned parcel of

agricultural land with a total plantable area of approximately
__________________________ (_________) hectares which shall be the
basis for the computation of the rentals, under the terms and conditions
hereinafter provided.

NOW, THEREFORE, for and in consideration of the terms and conditions

mutually agreed upon by the parties, the LESSOR, his heirs, successors and
assigns, hereby convey of way of lease unto the LESSEE, his heirs, successors
and assigns, the above-described parcel of land, including the improvements
found and existing thereon, subject to the following:

TERMS AND CONDITIONS

PERIOD OF THE LEASE: This contract of lease shall be for a period of

_____________ (______) agricultural sugar crop-years, to commence with
sugar crop-year (C.Y.) _____________ up to and including sugar crop year
(C.Y.) _____________, provided further that the LESSEE shall harvest only
_____________ times during the term of this lease, otherwise the LESSEE
shall pay rental pro rata based on the period and hectarage without a need of
court order.
RENTAL: The consideration of this lease contract shall be an annual lease rental
of _____________ (_____) "LKG" per hectare computed on the basis of
actual hectarage planted to sugarcanes or the amount is
__________________________ (P_____________) per hectare. The
total hectarage is _____________ therefore the total yearly rental is
__________________________ (P_____________). The sum of
__________________________ (P_____________) will be the total
rental for this contract.

PAYMENT OF THE RENTAL: The sum of

__________________________ (P_____________) will be due upon the
signing of the contract.

TURN-OVER OF LEASED PROPERTY TO LESSEE: The LESSEE shall

permit the LESSOR or its authorized representatives to take gradual possession
of the leased premises as the C.Y. _____________ standing crops are being
harvested by the LESSEE to enable the LESSOR to propagate and cultivate the
crops for C.Y. _____________. The LESSOR shall deliver full physical
possession of the leased premises to the LESSEE upon the termination of this
contract and that all ratoon crops found therein shall inure to the benefit of the
LESSOR.

IMPROVEMENTS AND ALTERATIONS: The LESSEE may with the

written consent of the LESSOR build houses and other structures in the leased
premises which however shall not exceed four (4) units for use of the LESSEE's
or his management team to include but not limited to the encargado and staff
and if the LESSEE so desires, structures for a small poultry, piggery or the like;
The LESSEE is also authorized to alter the fields' divisions, roads, canals
including its culverts provided that such alteration will not result in the
diminution of the plantable area;

RIGHT OF INSPECTION: Since the LESSOR will be operating a pumping

station for the water needs of her other farms, parties agree that the LESSOR
or her duly authorized representative shall have free access at all times to the
leased premises for the sole purpose of operating said pumping station and the
water-ways traversing through the leased premises;

REAL ESTATE TAXES, ETC.: The real estate taxes and other land
assessments over the leased premises shall be for the exclusive account of the
LESSOR while this lease is in effect;

TERMINATION DUE TO FORCE MAJEURE, ETC.: This contract was

entered into by the parties in good faith and under the assumption that no event
or circumstances will obtain that will make it extremely difficult or impossible
for the LESSEE to continue planting and cultivating the leased premises as
intended under this contract, therefore, in the event that the LESSEE feels that
his life is in danger, and/or that the peace and order situation in the locality or
region where the aforesaid parcel of land is found or situated deteriorates to
such an extent that it would no longer be either feasible or possible to still plant
or cultivate sugarcane over the leased premises, or where the prices of sugar
make the operation of the farm no longer profitable, then the herein parties are
agreed that the LESSEE may preterminate this lease by giving the LESSOR at
least THREE (3) months prior notice, provided that the LESSEE may still
harvest his standing sugarcane crops and the LESSOR is paid the pertinent
rentals due thereon;

WARRANTY, RIGHT OF WAY. The LESSOR hereby agree, by these

presents that she shall provide and guaranty the necessary right-of-way to the
benefit of the LESSEE, including use and access to common roads and other
hacienda facilities and that the LESSOR further warrants the peaceful possession
and occupation of the LESSEE over said parcels of lands or from eviction
thereof.

AGRICULTURAL PRODUCT. That the LESSEE shall devote the said parcel
of land, subject matter of this contract, to the cultivation of sugar cane or such
other agricultural products he may deem suitable and financially viable and shall
be free to introduce therein whatever improvements he may deem proper and
convenient, provided that upon the termination of this contract, all
improvements introduced therein by the LESSEE shall remain and will inure to
the benefit of the LESSOR.

MISCELLANEOUS. That in the event that any provisions of Rep. Act No.
6657, otherwise known as the Comprehensive Agrarian Reform Law of 1988,
shall cover or be implemented in the leased premises or any portion thereof,
the rental due shall be reduced in proportion to the area actually being occupied
by the LESSEE;

IN WITNESS whereof, the Parties affixed their signatures this ______th day
of ________________ 2017 in ___________ City.
Signed:

_______________________ _______________________
(Mortgagor) (Mortgagee)

With my Marital Conformity:

Mortgagee's Spouse
_______________________

Signed in the presence of:

_____________________________ ________________________

ACKNOWLEDGMENT