SUB-LEASE CONTRACT

KNOWN ALL MEN BY THESE PRESENTS:

This agreement is made and entered into by and between:

IAN KENNETH ENCARNADO, of legal age, single, Filipino and with residence in Brgy.
Libertad Butuan City, hereinafter referred to as SUB-LESSOR

-And-

ANALEE S. ALVERASTINE, of legal age, Filipino and with residence in Brgy. Luna,
Surigao City hereinafter referred to as SUB-LESSEE.

-WITNESSETH -

Whereas, SUB-LESSOR is authorized by its LESSOR to sub-lease its leased premises situated at
Ground Floor, JBA Bldg, Brgy. Libertad, Butuan City; Whereas, SUB-LESSEE is willing to sublease
a portion of the aforesaid leased premises by way of desk space/s.

For and in consideration of THREE THOUSAND FIVE HUNDRED PESOS (Php3,500.00)

monthly rental fee. SUB-LESSOR hereby leases a portion of its leased premises, particularly of desk
space in favor of the SUB-LESSEE under the following terms and conditions agreed upon by the
parties:

1. THE LEASED DESK SPACE/ PREMISES: It is understood that the leased desk space
shall be good for ONE person only. This lease includes one (1) table, one (1) chair, including
light and water. Additional electrical equipment brought into the office, for example,
computers will be charged separately.

2. THE MONTHLY RENTAL: The SUB-LESSEE shall pay unto SUB-LESSOR without
need of any demand the agreed monthly rental fee of THREE THOUSAND FIVE
HUNDRED PESOS every 15th of the month. Prior to occupying desk space, One (1) month
deposit and One (1) month advance rental equivalent to such monthly rental fee shall also be
paid unto the sub-lessor to answer for any damages to leased space or furniture of the SUB-
LESSOR.

3. PERIOD OF LEASE: This lease agreement shall be valid from January 1, 2018 to
December 31, 2018

4. NATURE OF BUSINESS ACTIVITY: The SUB-LESSEE shall undertake legitimate

business only at its desk space and shall acquire, register and pay its owns licenses, duties and
taxes to the government.

5. Working Hours: The Sub-Lessee should strictly observe working hours from 8:30 A.M. to
5:30 P.M. or while there are still MDA staff inside the office, Monday to Friday.

6. TERMINATION: This lease agreement shall be considered terminated upon the expiration
of the period of lease unless otherwise extended or renewed in writing by both parties.
However, the SUB-LESSOR may AT ANY TIME unilaterally terminate his lease agreement
due to nonpayment of rents and/ or violation of any provision of this agreement or the main
LESSOR terminates the SUB-LESSOR’S lease agreement.

IN WITNESS WHEREOF we have hereunto affixed our signature this December 28, 2017 at
Butuan City.

ANALEE S. ALVERASTINE IAN KENNETH ENCARNADO