SAMPLE CONTRACT

TRAINING BOND AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Training Bond Agreement, made and entered into this ______ day of _________________
2010 in ______________________________________________________, Philippines, by
and between:_________________________________________________________________,
a corporation duly organized and existing under Philippines laws and with office address at the
____________________________________________________________________________,
represented herein by its representative, ______________________________, hereinafter
referred to as the COMPANY;

-AND-

___________________________________, a Filipino, of legal age, single/married, and a

resident of ___________________________________________________________________
__________________________________, hereinafter referred to as the EMPLOYEE.

WITNESSETH THAT:

WHEREAS the Company has agreed to send the Employee for training / exhibitions /
conference (hereinafter referred to as "the Training").

WHEREAS the Company will provide the transport allowance, air fare (where applicable),
training fees, full board and accommodation, reasonable allowances for food, transport and
pocket-money (hereinafter referred to as "the Expenses").

WHEREAS in consideration of the premises the Employee has agreed to enter into this
Agreement upon the terms and conditions hereinafter appearing.

Now it is hereby agreed as follows:

1.1. The Employee shall during such period of attending the Training diligently apply himself to
the Training and conform to such regulations and disciplines as may be in force with respect to
the same.

1.2. The Employee shall not divulge to any person or persons any trade secrets, copyright
materials, operational procedures, methods, know-hows, techniques and processes, any
information concerning the business affairs or finances or strategies, any confidential report or
research commissioned by or on behalf of the Company or any of its respective clients in
connection with the business or affairs of the Company or its subsidiary companies or any other
information confidential to the Company or its subsidiary companies, suppliers , or clients.
2.1. The Company shall pay the Expenses for the Training. Where training fees are not charged
by the training provider by virtue of business arrangements and relationship between the
Company and the training provider, the training fees shall be defined as the market value of the
training provided which the Company will determine in consultation with the training provider.

2.2. In the event that the Company sends the Employee for the Training that is conducted by the
Company's related or associated companies the Company shall be deemed to have incurred
expenses fixed at [amount in words and numeric equivalent] per day for each day that the
Employee participates in the Training.

3.1. Upon successful completion of the Training, the Employee covenants and undertakes to
serve the Company for a period as stated in Schedule 1 hereto (hereinafter referred to as "the
Contract Period"). The Contract Period commences from the date of the Employee's
employment with the Company after returning from the Training.

3.2. For the avoidance of doubt where the Employee has been sent for other training(s) by the
Company prior to the Training (hereinafter referred to as "Previous Training(s)") and the
Employee is bound to the Company for period(s) of service for the Previous Training(s)
(hereinafter referred to as "Previous Contract Period(s)") and that the Previous Contract
Period(s) has(ve) not expired at the time the Employee returns from the Training, unless stated
otherwise in Schedule 1 hereto:
a) the Contract Period shall be concurrent with the Previous Contract Period(s); and
b) the Duration of the Training is considered as part of the Employee's period of service to the
Company for the purpose of the Previous Contract Period(s).

3.3. Upon the Company ascertaining the total Expenses incurred by the Company for the
Training (hereinafter referred to as "Total Expenses") the Company shall attach a statement
setting out the Total Expenses (hereinafter referred to as "Statement of Expenses") as Schedule
2 to this Agreement. The Statement of Expenses shall be conclusive for the purpose of this
Agreement to determine the Total Expenses.

4. The Employee further covenants with the Company:

a) that he will diligently complete the Training within the prescribed time;
b) that he will not during the Training engage in any activity which the Company considers not to
be in the Employee's interest in relation to the Company;
c) that he will during the Training comply with such instructions as directed by the Company;
d) that he will not enter into any other agreement for employment with another party for so long
as this agreement remains valid.

5.1. The Company has the right to revoke or terminate this Agreement if at any time during the
Training the Employee is guilty of any of the following:
a) Misconduct;
b) Engaging in political or unauthorized activities resulting in activities that in the discretion of
the Company are inconsistent with the purpose of the Training;
c) Abandons the Training before the completion thereof;
d) Any breach by the Employee of any of the provisions of this Agreement.
In such circumstances, the Employee shall cease to have any claim to any benefits of this
Agreement and shall be liable to pay agreed liquidated damages being a sum equivalent to the
Total Expenses.

5.2. The Employee agrees with the Company that if the Employee shall resign or leave the
service of the Company before the expiration of the Contract Period, then in any such case the
Employee shall be liable to pay the Company agreed liquidated damages being a sum
equivalent to the Total Expenses. If the Employee has served part of the Contract Period, the
amount of liquidated damages shall be calculated on a proportionate basis.

6. Any payment which the Employee is liable to pay to the Company under this Agreement shall
be paid within two (2) weeks from the date of written notice by the Company to the Employee
demanding payment. A notice sent to the Employee's last known address by registered post
shall be deemed to be sufficient.

7. The valid construction or performance of this Agreement shall be governed by Philippine law.
All disputes claims proceedings between the parties relating to the validity, construction,
performance of this Agreement shall be subject to the non-exclusive jurisdiction of the courts in
the Philippines.

8. In this Agreement where the text so admits:

(a) The expression "the Company" includes persons deriving title under it and its successors in
title and assigns.
(b) Words importing the singular number include the plural and vice versa and words importing
the masculine gender shall be deemed to include the feminine gender.
(c) The expression "the Employee" includes the personal representatives of the Employee.
(d) The Schedules to this Agreement shall constitute an essential and integral part of this
Agreement.

SCHEDULE 1
(which is to be taken read and construed as an essential and integral part of this Agreement)

Contract Period
In accordance with Clause 3 (a), the Employee has agreed to serve the Company for a period of
______________________ ** from (date the Employee's start work after training).

(** The duration of the Contract Period shall be determined at the sole discretion of the
Company and notified to the Employee before the commencement of the training)
Note: To be attached later upon the Company ascertaining the total expenses.

SCHEDULE 2
(which is to be taken read and construed as an essential and integral part of this Agreement)

Statement of Expenses
Pursuant to Clause 3 (c) of this Agreement signed between the Company and the Employee,
this is to certify that the Company incurred total expenses in the amount of [amount in word and
numeric figure] in sending the Employee for [Training course title] in [Training venue] from
______________________ to ____________________ ("Duration of Training").
Note: To attach breakdown of the expenses incurred, certified by the Company.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands on this four-page
Training Bond Agreement in the place and on the date first above-written.

___________________________
[Name of Employee]
CTC No. ___________________
Issued At __________________
Issued On _________________
___________________________
[Name of HR]
CTC No. ___________________
Issued At ___________________
Issued On __________________

WITNESSED BY:

___________________________ ___________________________

SUBSCRIBED AND SWORN TO BEFORE ME this ______ day of __________________ 20__

in _________________________, affiants exhibiting to me their respective Community Tax
Certificate Numbers.

Doc. No. _____;

Page No. ____;

Book No. _____;

Series of ____.