MEMORANDUM OF AGREEMENT

This Memorandum of Agreement (herein referred to as Agreement) is made and entered

into the City of Cabanatuan, Philippines by and between.

FTC Business Center FTC Business Center with office address at Maharlika Highway,
Cabanatuan City, represented by its Human Resource Department Head, Mr. Michael Ilagan,
herein after referred to as FTC Business Center.

-and-

COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES,

Mabini Extension, Cabanatuan City, represented by the Dean DR. MARIA VICTORIA C.
MONES, herein after referred to as COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY - PHILIPPINES.

WHEREAS, FTC Business Center in its concern to enhance the training and development of more
and better professionals, has teamed up with COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN
UNIVERSITY PHILIPPINES for an On-the-Job-Training Program (Program) to provide training and
support to the students of COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY
PHILIPPINES College of Business and Accountancy on the current trends and latest developments in
the industry, and, to expose them to actual industry situations, thereby enhancing their formal
schooling.

NOW, therefore, for and in consideration of the foregoing premises, FTC Business Center and
COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES hereby agree on
and stipulate the following:

A. FTC Business Center shall:

1. Undertake the selection process of the recommended students in adherence to FTC

Business Center policies and guidelines in the section for its purpose;
2. Provide the venue and assign personnel to take charge as well as supervise the on-
the-job training of students;
3. Provide COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY
PHILIPPINES students information, training, and support;
4. Provide students exposure to actual office environment;
5. Accomplish the evaluation forms required by COLLEGE OF BUSINESS AND
ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES in connection with to the
on-the-job training of their students;
6. Issue certificate of completion to students who successfully finish their training
under this Program; and
7. Designate an employee who will coordinate with COLLEGE OF BUSINESS AND
ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES the various activities
under this Program.

B. COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES

shall:

1. Recommend students who will undergo on-the-job training under this Program for
final selection/acceptance by FTC Business Center;
2. Designate a Representative who will coordinate with FTC Business Center on the
various activities under this program; and
3. Together with the students, faculty and parents concerned renounce and waive any
claim against FTC Business Center for any injury or loss that the trainees may sustain
or may suffer, personal or pecuniary, in the performance of their duties and
functions while under the training not attributable to the negligence or wilful act of
any of the personnel of FTC Business Center. The waivers of the concerned parties

Version March 2015

 shall be submitted to FTC Business Center prior to the commencement of the
training, which forms part of this Agreement.

C. Under this Program, the following terms and conditions are likewise included:
1. It is expressly understood that there will be no employer-employee relationship
between FTC Business Center and the trainees of COLLEGE OF BUSINESS AND
ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES;
2. The trainees will be personally responsible for any and all liabilities for damage to
property or injury to third persons, which may be occasioned by their international
or negligent acts while in the course of their training; and
3. COLLEGE OF BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY
PHILIPPINES shall see to it that the trainees complete the agreed scope of work
within the agreed duration of the program; and
4. It is expressly understood by COLLEGE OF BUSINESS AND ACCOUNTANCY
WESLEYAN UNIVERSITY PHILIPPINES, and the trainees that all information on
technology, manufacturing process, process standards, quality assurance
methodologies, quality standards, production capabilities, raw material purchasing,
marketing, finance and all other related documents, manuals, and operational or
technical matters that FTC Business Center shall make available to them shall be
used solely for this Program. All of these matters are classified as confidential in
nature and proprietary to FTC Business Center. COLLEGE OF BUSINESS AND
ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES and trainees hereby
undertake to prevent disclosure or transfer of such information, consciously or
unconsciously, to any party outside of institution without the knowledge and
written consent of institution.
5. It is expressly understood that FTC Business Center will only accept OJTs on a case-
to-case basis according to vacancy.

D. DURATION

This AGREEMENT shall hold for the duration of the 2015-2016 School Year of COLLEGE OF
BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES, and is
automatically renewable every year, provided that FTC Business Center and COLLEGE OF
BUSINESS AND ACCOUNTANCY WESLEYAN UNIVERSITY PHILIPPINES reserve their
respective rights to withdraw their participation in the agreement upon written notice.

IN WITNESS WHEREOF, the parties hereto have signed these presents on this ____ day of
2015, in Cabanatuan City, Philippines.

FOR:

FTC Business Center CBA-WESLEYAN UNIVERSITY PHILIPPINES

MR. MICHAEL ILAGAN DR. MARIA VICTORIA C. MONES

Human Resource Department Head Dean

SIGNED IN THE PRESENCE OF:

_____________________________ _____________________________
Version March 2015
Republic of the Philippines )
City of Cabanatuan ) S.S.

ACKNOWLEDGEMENT

On this ____________ day of 2015, personally appeared before me, a Notary Public in and for
the city of Cabanatuan, the following persons:

NAME VALID I.D. DATE/PLACE ISSUED

ENGR. REYNALDO D. PUNO

DR. MARIA VICTORIA C. MONES SSS ID # 021652067-5

all known to me to be the same persons who executed the foregoing document, consisting of three
pages including this page and acknowledgement that the same is an act of their free and voluntary will
and deed.

IN WITNESS THEREOF, I hereunto sign this document and affix my seal of office on this date
and place aforementioned.

Doc. No. __________

Page No. __________
Book No. __________
Series of 2015

Version March 2015