Employment Agreement

03.18.2025

South Commuter Railway Project

Hyundai Engineering & Construction Co., Ltd., and
Dong-Ah Geological Engineering Co., Ltd
Joint Venture
 EMPLOYMENT CONTRACT

This EMPLOYMENT CONTRACT (hereinafter called the “Agreement”) is made this

18th day of March 2025, by and between Hyundai Engineering &
Construction Co., Ltd., and Dong-Ah Geological Engineering Co., Ltd Joint
Venture (hereinafter called the" Employer") and LESTER MENDOZA DEL
ROSARIO (hereinafter called the "Employee"), hereinafter called collectively as the
“Parties” and individually as the “Party”.

- W I T N E S S E T H -

Whereas the Employer desires to employ the Employee for its construction works
on the conditions set forth herein; and Whereas, the Employee covenants to work
faithfully in conformity with the Employer's instructions at the assigned construction
site.

Now, therefore, for and in consideration of the mutual covenants herein

contained, the Parties have agreed as set forth hereunder:

CLAUSE 1. EMPLOYMENT TERM

1.1 The employment will begin on 18th day of March 2025 up to 17th day of
July 2025, four (4) months effective from the date of the Employee's arrival at
the work place to the date of his leave and/or resignation there from.

1.2 It can be extended partially by written consent thirty (30) days before the
expiration of the contract.

CLAUSE 2. EMPLOYMENT EVALUATION

2.1 The Employee shall be engaged by the Company to perform works for
specifically SCRP Project.
2.2 The Employee is subject to performance evaluation on a quarterly basis
throughout the contract period.

 Grade S- performance is excellent.

 Grade A- performance meets expectations.
 Grade B – performance is acceptable.
 Grade C – subject for termination if with rating for three (3)
consecutives.
 Grade D – Notice of Termination of Contract

These evaluations will be conducted to review the employee's performance,

achievements, and areas for improvement, and to ensure alignment with
organizational goals and expectations.

2.3 The Employer may terminate the contract if it has been proved to him
that the Employee is not capable of carrying out the work provided that
the Employer shall notify the Employee thereof before at least three
days from the date of termination. However, if the Employee’s lack of
qualification or unsuitability was hidden by him or due to submission of
false or inaccurate information.

2.4 The evaluation of qualification or suitability shall be final at the Employer's sole
discretion and it cannot be the subject of any disputes.

CLAUSE 3. JOB POSITION

3.1 The Employee's job position is ENVIRONMENTAL MANAGER.

3.2 The Employer can instruct the Employee to work on other related position/trade
to the above stated job position if required and the Employee should follow the
Employer's such instruction.

3.3 The Consolidated salary shall be the same as before even after his/her work
trade is changed. In case of reassignment to another position, there should be
no reduction in salary but with a corresponding increase in rate if new position
is of higher classification with corresponding approval from JV.

CLAUSE 4. PLACE OF WORK

4.1 The Employee's place of work shall be at SCRP Project.

4.2 Relocation to other sites shall be proceeded upon mutual consent and the
expenses for relocation is at the expense of the Employer.

CLAUSE 5. SALARY AND WORKING HOURS

5.1 The salary shall be consolidated and fixed.

5.2 The consolidated salary shall be PHP 80,000.00/ per month which is calculated by 10
hours per day (8 Hours plus 2 Hours Regualar OT) and excluding the supposed six [6]
rest days of the Employee every month which have been included paid in the monthly
salary, subject to withholding tax, SSS premiums, Pag-ibig contributions, Philhealth
dues and other government-required deductions, accordingly.

7:00 AM to 6:00 PM (8 hours plus 2 hours

Work Schedule regular OT)
Six (6) Rest Days per month
One (1) Saturday Rest day per Cut-Off

5.3 For the portion exceeding actual 10 hours a day, another over time allowance will be
paid based on the local labor law.
5.4 Lunch time for 60 minutes a day shall be given to the Employee regardless of
the above mentioned working hours.

CLAUSE 6. PAYMENT AND REMITTANCE OF SALARY

6.1 All the salaries due to the Employee under this Agreement shall be noted and
paid in local currency (PHP) on the following cut-off and pay out schedule of
each month designated by the Employer in respect of his services. In case the
exchange of foreign currency is needed, it shall be converted in accordance
with the local bank's buying rate of foreign exchange prevailing at the tenth
day of each month.

Cut-off Period Pay out Schedule

Every 1st- 15th of the Month 25 of the Month period
th

period
Every 16 -31st of the Month
th
10th of the following Month
period Period
6.2 The Employee shall have the sole responsibility for his salary remittance.
However, the Employer may, on its own discretion, arrange for the salary
remittance upon request of the Employee.

CLAUSE 7. TAXES AND DUTIES

7.1 The Employee shall bear any and all taxes and duties including income tax and
social security tax imposed on his income by the government.

7.2 The Employer shall have the right to deduct the amount of such taxes, if any,
from the Employee's salary for the payment of taxes and duties on behalf of
the Employee in accordance with the local law and requlation.

CLAUSE 8. LEAVE ENTITLEMENT

8.1 The employee shall be entitled to annual Service Incentive Leave (SIL) in
accordance with Philippine Labor Law after completing one (1) year of
continuous service with the company. Unused Service Incentive Leave (SIL)
balance may be subject to conversion into cash, depending on the available
unused SIL balance.

8.2 The Employee shall be granted the leave subject to the approval by the
Employer in a way not to disturb the proper execution of work.

CLAUSE 9. REST DAY AND HOLIDAY

9.1 The Employee is entitled to six (6) rest period (day off) per month. Holiday pays
are already included in the monthly salary.

9.2 The Employer reserves the right to alter the date of the employee’s weekly rest
period (day off) or require the employee to work on their designated rest period.
In such cases, the employee shall be entitled to receive an allowance in
accordance with applicable provisions of the Local Labor Law.

CLAUSE 10. SAFETY

11.1The Employee shall strictly comply with all safety rules and instructions issued
by the Employer. All kinds of accidents caused by violation of these rules and
instructions shall be deemed to be in the nature of industrial injuries sustained
due to his negligence or willful intention.

11.2The Employer shall provide safety tools and equipment including working
clothes if required to secure the Employee's safety during the performance of
his duties.

CLAUSE 11. WORK-RELATED INDUSTRIAL INJURY

The Employer shall provide all necessary medical treatment and compensate
the Employee according to local labor law for the work-related industrial injuries or
diseases clearly certified by the medical doctor, except if such injuries and diseases
are caused by his negligence or willful intention.

CLAUSE 12. DAMAGE COMPENSATION

If the Employee causes damage to the Employer by his willful intention or

grave misconduct, he shall indemnify and compensate the Employer for such
damage without prejudice to the disciplinary measures that may be taken by the
Employer.

CLAUSE 13. BENEFITS

13.1 The Employer shall endeavor to provide the Employee with the welfare facilities
including necessary recreation facilities.

13.2 The Employee shall be entitled to have access to the site dispensary for the
basic medical care and emergency treatment. However, treatment shall not
include the provision of dentures or eye glasses.

13.3 Meals, accommodation and transportation (homeplace to Site working area or

offices) shall be borne by the employee.

CLAUSE 14. OBLIGATIONS OF THE EMPLOYEE

14.1 The Employee shall work with dignity and good faith as staff of the Employer.
14.2 The Employee shall observe all legitimate regulations and instructions issued
by the Employer.

14.3 The Employee shall be ready to begin his work at his scheduled work time
and perform his work in an efficient and professional manner.

14.4The Employee shall pride himself as a member of the Employer, keep his
dignity and never commit any act to tarnish the reputation and honor of the
Employer.

14.5The Employee shall serve only the Employer and must not have any job for any
other company either part-time or full-time during the term of this Agreement.

14.6The Employee shall be faithful and work in accordance with the instructions
from the Employer and shall not refuse to perform his duties without justifiable
reason.

14.7The Employee shall not hold any unauthorized meeting against the Employer
except for the company's business purposes and shall not take any collective
actions that may prove detrimental to the interest of the Employer, such as
illegal demonstrations, sit-down strikes, etc.

14.8The Employee shall not take out the Employer’s properties such as documents,
drawings, machinery equipment or any type of property from the work place
except on official business.

14.9The Employee shall not divulge any kinds of information and confidential data
in connection with the Employer's business. This obligation shall survive even
after the termination of his employment without limit of time.

CLAUSE 15. TERMINATION OF AGREEMENT

15.1 The employment may be terminated due to just and authorized causes for
termination under applicable laws.

15.2 The Agreement can be terminated in the following cases unless otherwise
described
herein:
 1) When the Employer expresses his written intention to terminate this
Agreement by giving the Employee one month prior notice due to completion
of project, change or reduction of manpower requirement, financial losses and
similar cases.

2) When the Employee submits a letter of resignation for the Employer's

acceptance in which the Employee shall notify the Employer of his intention
thirty (30) days before his resignation.

15.3 The Employer may terminate this contract or dismiss the Employee subject
to the observance of the procedures and formalities of the Company if he
commits any of the following violations.

1)Slandering the Employer.

2)Doing or taking part in unfavorable actions such as violence, destruction,
sabotage, demonstration, commotion, riot, gambling, demoralization and the
like.
3)Being guilty of grave misconduct or convicted of crime.
4)Taking an action which brings about difficulties for executions of the
Employer's duty.
5)Being incapable of doing his job due to physical or mental handicap.
6)Forgery of the documents certifying the Employee's qualifications.
7)Being absent from work for more than three days in a month without
justifiable reason or negligent of his duties by his insincere work attitude and
frequent leaving work early.
8)Causing damage or loss to the Employer’s facilities, equipment, machinery
and tools by the Employee's willful intention or grave misconduct.
9)Committing any significant breach of the terms and conditions of this
Agreement.

CLAUSE 16. DISCIPLINARY MEASURES

The Employee shall be subject to one of the following disciplines if and when
he violates one of his obligations stipulated in Clause 14.

16.1 The Employee shall be required to submit a written explanation to apologize to

the Employer for his misconduct.

16.2 The Employer reserves the right to take disciplinary actions in accordance with
the company's policies and applicable laws. These measures will be implemented to
ensure compliance with company.

16.3 Disciplinary actions may range from written warning to termination, depending
on the severity of the infraction. These actions will be implemented in accordance
with company policy and applicable laws, ensuring fair and consistent treatment for
all employees.

Policy
Violations
Instances Disciplinary Action
Absence Without 1st Offense Written Warning
Official Leave 2nd Offense 2-6 Days Suspension
(AWOL) 3rd Offense Termination
1st Offense Written Warning
Late (Habitual 2nd Offense 1-2 days Suspension
Tardiness) 30 days Suspension or
3rd offense
Termination

CLAUSE 17. REWARD

The Employer at its discretion shall reward the Employee in case the Employee
is recognized as one of the following:

17.1 An Employee who makes an invention, improvement or a device to save costs

or to increase productivity of his work.

17.2 An Employee who makes an invention, improvement or a device to contribute

to the success of the Employer's business.
17.3 An Employee who prevents the emergent disaster such as fire and damage
caused by storm and flood and particularly contributes to the work of
restoration.

17.4 An Employee who greatly elevates the Employer's prestige and reputation.

17.5 An Employee who is considered as a man of distinguished achievement and

the like.
CLAUSE 18. COMPLETION OF PROJECT

18.1 When the project in which the Employee is engaged is completed, the
Employer shall have the right to terminate this Agreement. In such case, the
Employee cannot demand any compensation for the remaining period of his
employment contract, like unearned wages or salaries.

18.2 This Agreement does not entitle the Employee to the benefits that are or may
hereafter be granted only to regular and permanent employees, except those
provided by law.

CLAUSE 19. COMPLIANCE WITH LAW

19.1 The Employee hereby represents and warrants that he shall conduct all his
activities in accordance with the Agreement, and observe any applicable laws,
conventions, regulations and other requirements of national authorities and
international institutions.

19.2 Notwithstanding disciplinary measures stipulated herein, the Employee shall

indemnify the Employer for and against any claim, loss, damage, liability,
expense, cost and fine of whatsoever nature arising out of and in connection
with the Employee's non-compliance, non-observance or misconduct.

CLAUSE 20. MISCELLANEOUS GENERAL PROVISIONS

20.1 Time, period and date hereof shall be in accordance with the Gregorian
Calendar.

20.2 Any other particulars and/or matters, unless otherwise described in this
Agreement, shall be subject to the local laws.

CLAUSE 21. ARBITRATION

Any disputes which the Parties are unable to resolve amicably under this
Agreement, shall be settled by arbitration in accordance with the international
commercial arbitration rules. The award above shall be final and binding upon the
Parties.

CLAUSE 22. GOVERNING LAWS AND LANGUAGE

 This Agreement shall be construed in accordance with the local laws of
Philippine. English is the official and ruling language of this Agreement.

CLAUSE 23. FORCE MAJEURE

If the performance of one Party’s obligation shall be in any way prevented,

interrupted, or hindered in consequence of such as act of god, war, civil
disturbance, strike, lockout or any other circumstances beyond the reasonable
control of such Party and if the Party subject to the condition of force majeure gives
immediate notice of such condition to the other Party, the affected obligations of
the Party concerned may be wholly or partly suspended during the continuance and
to the extent of such prevention, interruption or hindrance.

CLAUSE 24. SEPARABILITY CLAUSE

Each provision of this Agreement is separable from the whole. If any portion of
this Agreement is declared invalid by a competent court of law, that invalidity shall
not impair the performance by the Parties of the remaining provisions of this
Agreement.

IN WITNESS WHEREOF, both Parties have signed and executed this Agreement in
duplicate, intending each copy to serve as the original, and to be kept, respectively,
by the Parties to this Agreement.

EMPLOYER Signed by ________________

Name in full YONGHYUN CHO
HR Manager
for and on behalf of Hyundai Engineering & Construction Co., Ltd.,
and Dong-Ah Geological Engineering Co., Ltd Joint Venture

EMPLOYEE Signed by ________________

 Name in Full LESTER MENDOZA DEL ROSARIO
Address ________________

WITNESS Signed by ________________

Name in Full LORJELYN DE CHAVEZ
HR Staff