CONTRACT OF EMPLOYMENT

KNOW ALL MEN BY THESE PRESENTS:

This Contract of Employment is executed this ______________ at _______________ by and between made this
September 26, 2022 by:

GRAND ACES VENTURES, INC. a corporation duly organized and existing in accordance with laws of the
Republic of the Philippines, with principal office at U3-4 ANGHOCSING BLDG. 138 ML QUEZON AVE
SAN ISIDRO ANGONO RIZAL, represented in this act by its President, ELISEO S. CAMPILLA,
hereinafter referred to as the EMPLOYER.

-AND-

REYNANTE D. GARCIA, of legal age, Filipino and a resident of BLOCK 5 LOT 6 Sparrow St.,
Monteverde Royale Subd., San Juan Taytay Rizal, herein referred to as the EMPLOYEE.

WITNESSETH: THAT –

WHEREAS, the Employer is engaged in Manufacturing and Application of Construction Chemicals;

WHEREAS, Employee manifests and guarantees that he/she possesses the requisite qualities and competencies
needed by the Employer in the conduct and course of its business;

NOW THEREFORE, the parties hereby agree as follows:

1. APPOINTMENT

Employee is hereby appointed as PROCUREMENT ENGINEER under probationary status for a period of six
(6) months reckoned from the first day of actual work.

2. COMPENSATION:

Employee will receive a gross basic monthly rate of PHP25,000.00, subject to withholding tax, SSS premiums,
Pag-ibig contributions, Philhealth dues and other government-required deductions. In addition, EMPLOYER
will pay the mandatory 13th month salary at the end of each calendar year and EMPLOYER may at its
discretion provide performance bonuses. Annual and incremental salary adjustments and merit increases may be
effected on a case to case basis and upon the recommendation of the immediate manager and upon approval of
management.

3. REGULARIZATION OF EMPLOYMENT

By the end the end of the six-month probationary period, depending on the recommendations of the immediate
supervisor/manager, Employee will become a regular employee of the company entitled to all company benefits
and privileges enjoyed by regular employees;
 4. VACATION AND BENEFITS

Upon regularization, Employee will be entitled to seven (7) days’ vacation and seven (7) days sick leave on the
first year of actual employment and additional one day for each year up to 15 days maximum, Employee is
expected to accrue leaves before he can apply for it. Since leave credits are not convertible to cash, Employee is
strongly encouraged to use all leave credits earned during the calendar.

5. DUTIES AND RESPONSIBILITIES

Employee shall perform the duties and responsibilities that his position or job necessarily entails, as may be
contained in his job description, or as may be reasonably assigned to him by the company from time to time.
The specific duties and responsibilities of Employee are contained in the corresponding Scope of Work and Job
Description, which herein Employee acknowledges to have read and understood as a condition for his
regularization and entitlement to other benefits and promotion.

Employee is obliged to perform his duties loyally, independently, and industriously to help meet the goals and
objectives of the Company and is expected to carry out these responsibilities to the best of his knowledge and
abilities in order to protect and advance the interests of the Company, its principals, and its employees.

6. PLACE OF WORK

Employee’s primary place of work will be ANGONO RIZAL PHILIPPINES, Employee agrees that Employer
may transfer him to any other location as may be required by the exigencies of the business, the organizational
requirements of the company and the responsibilities of Employee’s position. Employee may be required to
travel from time to time.

7. HOURS OF WORK

Employee shall render a minimum of eight (8) hours of work per day and report for work at least SIX (6) days
per week. It is understood that Employee is being employed with a level of confidence and degree of
responsibility that may further require him to render work beyond normal business hours for which Employee
may be justly remunerated.

8. OVERTIME WORK

In case the demands of business or the company would require Employee to work more than his regular work
schedule, he may be required to render overtime work and shall be entitled to overtime pay as provided by law.
Overtime work is not compensable for managerial and sales employees unless otherwise declared by
management.

9. DECORUM

Employee shall observe and comply with all company rules and regulations written or otherwise. Employee
shall devote his entire working time to the Employer and shall have no direct or indirect interest in any firm or
entity, whether for profit or not, directly in competition with or offering the same services as Employer nor shall
Employee take any interest that is conflicting or inimical to Employer.

10. NON-COMPETITION AFTER EMPLOYMENT

In the event Employee is separated or terminated from employment for whatever reason, he shall not seek
employment in a local or foreign firm doing business in the Philippines nor establish or set up a business
offering similar services for a period of one (1) year from date of separation or termination, without the prior
notice to Employer.
 11. INTELLECTUAL PROPERTY

The Company shall be entitled to sole ownership of any intellectual property rights including but not limited to
software programs, hardware specifications and other property rights created, developed and discovered by
Employee while in the course of his employment with the Company, including all registrations for the same.

12. NON-DISCLOSURE

Employee acknowledges and confirms that this contract must remain confidential. Except as may be legally
required by competent authority or applicable statutes, the parties hereto shall not make any unauthorized
disclosures of the terms and conditions embodied in this contract.

13. CONFIDENTIALITY

In order to safeguard the Company’s interest and the confidentiality of its business and affairs, Employee agrees
that during the term of his employment and from and after the actual cessation of his employment he shall
maintain strict confidentiality and shall not disclose any technical, business, financial or commercial
information, methods, processes, inventions (whether covered by intellectual property protection or not or
whether marked confidential or not) including but not limited to: customers. customer lists or requirements,
price lists, pricing structures, marketing and sales information, business plans or dealings, employees or officers,
financial information, product lines, research activities, plans, designs and formula, whether authored by
employee or otherwise.

Failure to comply with this confidentiality undertaking shall be construed and considered as gross Misconduct
and shall be deemed a ground for the termination of his employment.

14. UNDERTAKING

Employee shall work exclusively for the benefit of the company. Employee warrants that he shall comply with
all his undertakings and obligations set forth in this Contract and shall indemnify Employer of any actual losses,
damages, costs and expenses, including attorneys’ fees incurred as a result of the breach of this Agreement or
his willful act, omission, fraud or negligence.

15. TERMINATION

Employer reserves the right to terminate or cancel this Contract after observing due process for just or valid
causes. Termination may be due to any. But not necessarily limited to the following:

 Inefficiency,
 Incompetence,
 Tardiness,
 Insubordination,
 Breach of confidentiality and non-disclosure
 Violation of company’s intellectual property rights
 Just and authorized causes enumerated in Article 282. 283. And 284 of the labor code,
 Other causes provided in the Company Rules and Regulations; and
 Other analogous causes.

ACCEPTANCE OF TERMS AND CONDITIONS OF EMPLOYMENT

Employee’s affixing of his signature on the herein Employment contract means that:
Employee has read and fully understood the terms and conditions hereof and accepts the same.
The terms and conditions for the regularization of his employment have been clearly communicated to and
accepted by him/her at the time of his engagement.

IN WITNESS WHEREOF, we hereunto affix our signatures on the date and at the place first above written.

GRAND ACES VENTURES, INC. ______________________

By:

ELISEO S. CAMPILLA
President

Signed in the presence of:

_____________________ _____________________

ACKNOWLEDGMENT
Republic of the Philippines)
_____________________ ) SS.

BEFORE ME, a Notary Public for and in ___________________________ this ______________________

NAME ID NUMBER DATE AND PLACE OF ISSUANCE/EXPIRY DATE.

1.

2.

3.

4.

all known to me to be the same persons who executed the foregoing instrument consisting of ____ pages
including this page where the Acknowledgment is written, and they acknowledged to me that the same is their
free and voluntary act and deed as well as that of the entities that they respectively represent.

WITHNESS MY HAND AND SEAL at the place and on the date first-above written.

Doc. No. _______.