MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Memorandum of Agreement made and entered into by and between:

The LAGUNA UNIVERSITY (LU), with address at Laguna Sports Complex, Brgy.
Bubukal, Santa Cruz, Laguna, Philippines represented herein by its President, HON.
RAMIL L. HERNANDEZ, hereinafter called “UNIVERSITY.”

-and-

Mecel Construction and Electrical Inc., At National Highway 1, Brgy. Turbina, Calamba
City, Laguna, Philippines, represented in this act by Human Resource Manager, MS.
MA. SALVE B. TORNEO.

-WITNESSETH-

WHEREAS, the UNIVERSITY is requiring its students to undergo internship prior

to graduation as part of the LAGUNA UNIVERSITY’S In Partial
Fulfillment of the Course Requirements in the Degree of Bachelor
of Science in Accountancy

WHEREAS, the UNIVERSITY requested TOYOTA, to allow its students to

internship in ACCOUNTING/FINANCE DEPARTMENT for a
minimum of 400 hours;

WHEREAS, TOYOTA , in the exercise of corporate social responsibility, promotes

and supports technical education and is willing to support the
UNIVERSITY’S Internship Program in line with such objective;

WHEREAS, among the avenues open to TOYOTA, in realization of the above

objective is developing strong industry-academe linkages with the
UNIVERSITY;

WHEREAS, TOYOTA agrees to accommodate students from the UNIVERSITY,

subject to certain terms and conditions;

NOW, THEREFORE, for and in consideration of the foregoing premises, and of the
terms herein after provided, the parties hereby agree as follows:

A. The UNIVERSITY shall:

1. Recommend qualified STUDENTS WHO WILL UNDERGO THE Internship

Program taking into consideration the requirements of TOYOTA, in terms of
qualification of trainees.

2. Designate a School Coordinator who will be assigned with the following

responsibilities:

a. Orient the students/interns about proper attitude and behavior;

b. Meet regularly with the representative/s of TOYOTA, to monitor and

evaluate the performance of students/interns in TOYOTA,

3. Submit to TOYOTA, the documents required for this Internship, such as

Letter of Recommendation of the student, etc. prior to the commencement of
the Internship Program.
 4. Subscribe to the guidelines set forth in the Internship.

B. TOYOTA shall:

1. Decide the proper number of students/interns according to the suitability

and availability of training venues and training opportunities.

a. Deploy the students/interns to the appropriate operating units of

TOYOTA for a minimum of 400 hours or as agreed by TOYOTA And the
UNIVERSITY, and the following the working schedule TOYOTA provided
they are able to accomplish all the requirements deemed necessary by
TOYOTA Pass the entire test required by the Accounting/Finance
Department.

b. Submit all the necessary documents.

2. Support the Internship through the following:

a. Assign personnel who will orient, monitor, evaluate and supervise the
students/interns in acquiring competencies and in developing the proper
behavior especially those that pertain to safety.

b. Provide the students/interns with materials and tools necessary for

training.

3. Enforce rules and regulations that will govern the conduct of the Internship
while in TOYOTA’s premises. Said rules shall be made known to the
students/interns before the start of the Internship. Non-compliance of said
rules and regulations shall be grounds for exclusion of the students/interns
from further participation.

4. Issue Certificate of Internship to the students/interns only upon fulfillment

of all internship requirements.

C. Under this Memorandum of Agreement, the following

1. It is clearly understood that during the period of the students/interns’

internship and presence in, TOYOT , there shall be no employer-employee
relationship that exist between the students/interns and TOYOTA nor shall
in any manner be deemed to exist, between the students/interns and
TOYOTA

2. The internship hours will not and should not be interpreted as working
hours. The Internship is regarded as non-compensable. However, TOYOTA
may, as a unilateral act of liberty or generosity on its part, provide some form
of allowance

3. The UNIVERSITY, jointly and solidarity with the students/interns concerned,

renounce and waive any right/claim against TOYOTA for any injuries or
accidents that the students/interns may suffer in the course of participating
the Internship, and the students/interns shall hold TOYOTA harmless and
free from any liability for damage or injury to third parties which may be
occasioned by the intentional or negligent acts of the students/interns
including time spend in traveling to and from all premises and locations
where the students/interns may be required to go to part of the Internship,
and further waives any rights or claims against TOYOTA that may arise there
from
 4. It is agreed and understood that all records and documents of TOYOTA and
all information pertaining to its business or affairs are strictly confidential.
Students/Interns shall not disclose information at all times given after the
Internship has ended. Students/Interns shall be held liable for the damage
that the said disclosure to other person/s or entity/ies might cause to
TOYOTA

5. TOYOTA after a written notice, may be discontinue the Internship at any

time, for any just or authorized cause, including condition of TOYOTA that
will constrain itself to continue the Internship.

6. TOYOTA reserves the right to discontinue the internship of any

student/interns on reasonable grounds upon written notice to the
UNIVERSITY.

7. The UNIVERSITY may pull-out any students/interns from TOYOTA on

reasonable grounds after a written notice to TOYOTA

This Memorandum of Agreement shall take effect on August 10, 2015 and shall
remain in full force and effect between both parties. It shall be reviewed on a year-
to-year basis unless either party gives notice of its intention to terminate this
Agreement at least fifty (50) days before the intended termination date.

IN WITNESS WHEREOF, the parties have signed these presents on this _____day of
_______________at Santa Cruz, Laguna.

TOYOTA CALAMBA LAGUNA LAGUNA UNIVERSITY

By: By:

MS. MA. SALVE B. TORNEO HON. GOV. RAMIL L. HERNANDEZ

Human Resource Manager President

SIGNED IN THE PRESENCE OF:

MS. DR. COLEGIO S. GASCON

Administrative Officer II VP for Academic Affairs
 ACKNOWLEDGEMENT

BEFORE ME, Notary Public for and in this _______day of ____________________2015,

personally appeared the following:

CTC No. Date/Place of Issue

1. GOV. RAMIL L. HERNANDEZ_________________________ _______________________________

2. MS. MA. SALVE B. TORNEO___________________________ ______________________________

All known to me and to me known to be the same persons who executed the
foregoing MEMORANDUM OF AGREEMENT and acknowledge that the same is of
their free and voluntary act and deed.

IN WITNESS WHEREOF, I have affixed my hand and seal this _______day of

____________________2015 at Sta. Cruz, Laguna.

Notary Public

Doc. No. ______________:

Page No. ______________:
Book No. ______________:
Series of 2015