EMPLOYMENT CONTRACT BETWEEN MERCHANT AND BOOKKEEPER KNOW ALL MEN BY THESE PRESENTS: That this agreement made

this ____th day of _________________, 20____, between ________________________________, of legal age, single (or, married to ________________________), and a resident of ________________________________, hereinafter called the MERCHANT, and ________________________________ of legal age, single (or, married to ________________________________), and a resident of ________________________________, hereinafter called BOOKKEEPER. WITNESSETH: That the MERCHANT shall employ the BOOKKEEPER and said BOOKKEEPER shall serve the MERCHANT in his business of ________________________________ carried on by him at ________________________________, for a term of __________ years from the __________ day of ________________________________, 20___ so long as the MERCHANT carries on said business, subject to the following stipulation and conditions, to wit: 1. Office hours shall be from 8:00 a.m. to 12:00 noon and from 2:00 p.m. to 5:00 p.m. on week days, and from 8:00 a.m. to 1:00 p.m. on Saturdays, exclusive of Sundays and Legal Holidays. 2. The MERCHANT shall pay the BOOKKEEPER a salary at the rate of ________________________Pesos (Php______) per month payable on or before the ___15th and 30th __ day of the month. 3. The BOOKKEEPER shall devote the whole of his time and attending during business hours to the business of the MERCHANT, and shall not be employed or engaged in any other capacity or undertaking, and shall not be interested or concerned directly or indirectly in any business firm or corporation undertaking or carrying on any business of a similar nature to, or which may compete with that of the MERCHANT. 4. The BOOKKEEPER shall carefully, accurately and punctually keep such books of accounts, prepare such balance sheets and financial statements, and shall perform other duties of a similar nature as the MERCHANT may direct from time to time. 5. The BOOKKEEPER shall obey and comply with all lawful directions by and on the part of the MERCHANT and shall promote the interests of the MERCHANT to the best of his ability, and shall not do anything which may cause or tend to cause any loss or damage to the MERCHANT in business reputation, or otherwise.

6.The BOOKKEEPER shall not, either during the term of his employment or at any time thereafter, use or disclose to any person, firm or corporation any information concerning the business or affairs of the MERCHANT which he may have acquired by reason of his employment, for his own benefit or to the detriment of the MERCHANT. 7. The employment of the BOOKKEEPER hereunder may be terminated without cause by either party by giving to the other one month's notice in writing: Provided, That if the BOOKKEEPER shall in any respect fail to observe or comply with the conditions and stipulations imposed upon him by this contract, the MERCHANT may without notice forthwith terminate the employment of the BOOKKEEPER hereunder. IN WITNESS WHEREOF, the parties hereto have set their hands this _____ day of ___________________, 20____ in ________________________________, Philippines.

________________________________ MERCHANT

________________________________ BOOKKEEPER

SIGNED IN THE PRESENCE OF: ________________________________ ________________________________