MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Agreement made and entered into by and between:

FAR EASTERN UNIVERSITY, an educational institution existing under the laws of the
Republic of the Philippines, with office address at Nicanor Reyes Sr. St., Sampaloc,
Manila, represented herein by its President, Far Eastern University, DR. MICHAEL M.
ALBA, hereinafter referred to as ACADEMIC INSTITUTION;

– and –

Trimark Fashion International, a corporation existing under the laws of the Republic
of the Philippines, with office address at Locsin Bldg , Ayala Ave. cor. Makati Ave., Makati
City, represented herein by its Director for Operations, ROSA MARIA A. GUALBERTO,
hereinafter referred to as INDUSTRY PARTNER.

WITNESSETH

WHEREAS, the ACADEMIC INSTITUTION which is offering Accountancy and Business Administration
degree programs has instituted an Student Apprenticeship Program (SAP) or On-the-Job Training in
coordination with Alumni, Placement, and External Relations (APER) wherein qualified students undergo
practicum prior to graduation in order to be adequately familiar with actual office and industrial
operations and management to augment their formal training;

WHEREAS, the ACADEMIC INSTITUTION proposes that its students be allowed to undergo on-the-job
training at the INDUSTRY PARTNER’S facilities and offices, which proposal was accepted/approved by the
latter, subject to terms and conditions provided for in this Memorandum of Agreement;

WHEREAS, the INDUSTRY PARTNER agrees to accept students of the ACADEMIC INSTITUTION as interns
at its various facilities in support of Internship Program and complement existing Accountancy and
Business Administration curricula to match industry demand;

NOW, THEREFORE, for and in consideration of the foregoing premises, the ACADEMIC INSTITUTION and
the INDUSTRY PARTNER agree and stipulate the following:

A. The ACADEMIC INSTITUTION shall:

1. Designate a SAP Adviser who will supervise and monitor the internship program and
coordinate with the INDUSTRY PARTNER various activities under this Program;

2. Pre-select and recommend qualified students who will undergo the internship taking
into consideration the requirement of the INDUSTRY PARTNER in terms of
qualification and number of interns needed, it being understood that only students
taking courses wherein internship is an academic requirement will be recommended;

3. Submit to the INDUSTRY PARTNER, the resumé and all other documents required
under this program, which shall serve as the basis of the INDUSTRY PARTNER to
screen, select and deploy specific students for Internship;

4. Orient students about rules, proper attitudes, behavior and work ethics inside the
internship site;

5. Monitor attendance, activities and performance of students during the internship

program in the INDUSTRY PARTNER;

6. Monitor compatibility of job circumstances with the internship course requirements

for the students’ attainment of advanced standing in the program through regular
interaction with the student-interns and regular visit to the internship site;

7. Together with the students and parents concerned, renounce and waive any claim
against the INDUSTRY PARTNER for injury that the students may sustain or loss that
they suffer, personal or pecuniary, arising from negligence in the performance of
 their duties and functions while under training. The waiver of the student-interns and
their respective parents shall be submitted to the INDUSTRY PARTNER prior to
commencement of the internship.

8. Hold the INDUSTRY PARTNER free from any claims or suits and shall forever defend
the INDUSTRY PARTNER from any such claim or suit whatsoever in connection with
this memorandum.

B. The INDUSTRY PARTNER shall:

1. Screen, select, and deploy student-interns to the different offices and operating units
of the INDUSTRY PARTNER;

2. Designate from among its employees an Industry Supervisor who will be assigned
the following responsibilities:

a. Serve as mentor to the student-interns;

b. Give the student-interns course-related work assignments and expose

them to learning experience on actual operations and management;

c. Expose the student-interns to real situation problems and bottlenecks thus

enabling them to analyze and apply scientific as well as empirical approach
to the solution of technical problems;

d. Arrange a conference with the SAP Adviser when student-intern problem

arises;

3. Deploy the student-interns to the different operating units of the INDUSTRY

PARTNER for a fixed period of time which will depend upon the course taken by the
student-intern and as agreed upon on a case-to-case basis by the INDUSTRY
PARTNER and the ACADEMIC INSTITUTION;

4. Adhere to all regulations regarding labor laws pertaining to internship or learners

programs, as well as health and safety laws;

5. Provide safety instruction throughout the internship period;

6. Accomplish the necessary forms required by the ACADEMIC INSITUTION in

connection with the internship of their students;

7. Issue certificate of completion with the corresponding performance evaluation to

student-interns who successfully finish their training under this program;

8. Adopt and enforce rules that will govern the conduct of the program. Said rules shall
be made known to the ACADEMIC INSTITUTION and student-interns before the start
of the training.

C. Under this Memorandum of Agreement, the following terms and conditions are likewise included:

1. It is expressly understood that there will be no employer-employee relationship

between the INDUSTRY PARTNER and the student-interns of the ACADEMIC
INSTITUTION;

2. The student-interns will be personally responsible for any and all liabilities for
damage to property or injury to third persons, which may be occasioned by their
intentional or negligent acts in the course of the internship;

3. The student-interns and the ACADEMIC INSTITUTION shall abide by the INDUSTRY
PARTNER’S rules and regulations and comply with those imposed for the program;
otherwise they shall be excluded from further participation;

4. The ACADEMIC INSTITUTION may pull out any student from the INDUSTRY
PARTNER during the apprenticeship program on reasonable grounds after a written
notice sent by/to the INDUSTRY PARTNER requesting such a pull out;

5. That both parties shall exert all efforts necessary to achieve the objectives of this
joint undertaking; and
 6. That neither of the parties shall be liable to any way for the failure to observe or
perform any provision of this Agreement if such failure shall be caused by any law,
rule or regulation of any constituted public authority or shall be to any cause beyond
the control of the party in default.

D. Duration:

This Agreement shall take effect immediately upon signing hereof and shall continue thereafter,
provided however that any provision of this Agreement may be amended by written consent by both
parties herein, provided further that the INDUSTRY PARTNER or the ACADEMIC INSTITUTION
reserves the right to withdraw its participation in the agreement upon written notice.

IN WITNESS WHEREOF, the parties hereof have signed this Agreement on this _____ day of
___________________, 2019 in ___________________, Philippines.

FAR EASTERN UNIVERSITY TRIMARK FASHION

INTERNATIONAL INC.
By: By:

DR. MICHAEL M. ALBA ROSA MARIA A. GUALBERTO

President Director for Operations
Far Eastern University

SIGNED IN PRESENCE OF:

EARL JOSEPH M. BORGOÑA, CPA

Dean
Institute of Accounts, Business and
Finance
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES s.s

_______________________________

BEFORE ME, personally appeared the following persons:

Name Passport / TIN Number Date & Place Issued

DR. MICHAEL M. ALBA

JOHN CARLOS A. ROBAS

who are known to me to be the same persons who executed and signed the foregoing instrument and
who acknowledged to me that the same are their free and voluntary acts and deeds.

WITNESS MY HAND AND SEAL, at the place and on the site first above written.

Notary Public

Doc. No.
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Book No.
Series of 2019