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COMPROMISE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT is made and entered into by and between:

DEPENDABLE SECURITY AGENCY, represented by Lemuel M. Saraus (Branch


Manager-Bukidnon), of legal age, Filipino, married and a resident of Purok 5, North
Poblacion, Maramag, Bukidnon, hereinafter referred to as the FIRST PARTY;

RICHARD B. DURA, RONALD D. POQUITA, ANDERSON C. LAGROSAS,


JHONNY L. VILLAHERMOSA and GILBERT N. SOMINE, of legal ages and
residents of the province of Bukidnon, hereinafter collectively referred to as the
SECOND PARTY;

WITNESETH:
WHEREAS, the parties are willing to enter into an amicable settlement;

NOW, THEREFORE, the PARTIES, in order to buy peace, have mutually agreed
to amicably settle under the following terms and conditions, to wit:

1. That the FIRST PARTY has hired the SECOND PARTY as security guards of
the former;

2. That the SECOND PARTY were assigned in DAVAO MARAMAG AGRI


VENTURES, INC. (DAMAI), Kilometer 6, Base Camp, Maramag, Bukidnon;

3. That the SECOND PARTY has agreed with the FIRST PARTY the settlement
of the 13th month pay, five (5) days service incentive leave, and four (4) hours overtime
pay, which are due to the SECOND PARTY as a result of the inspection conducted by
the Department of Labor and Employment Inspector last September 20, 2018;

4. That the FIRST PARTY hereby undertakes to pay the SECOND PARTY the
following amounts corresponding each of the subject employees (SECOND PARTY) of
this agreement, to wit:

NAME AMOUNT SIGNATURE

I. RICHARD B. DURA ___________ ______________


II. RONALD D. POQUITA ___________ ______________
III. ANDERSON C. LAGROSAS ___________ ______________
IV. JHONNY L. VILLAHERMOSA ___________ ______________
V. GILBERT N. SOMINE ___________ ______________

5. That the SECOND PARTY hereby waives whatever money claims and
monetary benefits against the FIRST PARTY for the period covered by the aforesaid
inspection conducted by the DOLE;

6. That this Compromise Agreement constitutes a Release, Waiver and Quitclaim


and that no further claim, suit or proceeding of whatever nature may be filed in any court
or agency of the government against the herein FIRST PARTY or any person acting in
its interest, since any and all claims in connection with the claims of the SECOND PARTY
have been finally settled once and for all, subject only to the above-cited premises.
7. That this agreement has been explained to the SECOND PARTY by the FIRST
PARTY in the Visayan dialect which the former speaks and understands;

8. That the PARTIES have executed this agreement as their free and voluntary act
and deed without any threat, intimidation, fraud or coercion, or any vice or defect, from
the management nor from any persons.

IN WITNESS WHEREOF, we have hereunto set our hand this 9th day of October
2018 at Maramag, Bukidnon, Philippines.

DEPENDABLE SECURITY AGENCY


Represented by:

LEMUEL M. SARAUS
____________________

RICHARD B. DURA RONALD D. POQUITA ANDERSON C. LAGROSAS


Second Party Second Party Second Party

JHONNY L. VILLAHERMOSA GILBERT N. SOMINE


Second Party Second Party

Signed in the presence of:

1.__________________________ 2. ___________________________

ACKNOWLEDGMENT

Republic of the Philippines )


Malaybalay City, Bukidnon ) S.S.

BEFORE ME, a Notary Public in and for Malaybalay City, Bukidnon, Philippines,
personally appeared the above-named persons with their proper issued identifications and who
are known to me to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their own free and voluntary act and deed.

WITNESS MY HAND AND SEAL this 9th day of October 2018 at ________________,
Bukidnon, Philippines.

Doc. No.____;
Page No.____;
Book No.____;
Series of 2018.