HLI/TDC shall also provide financial assistance to all farmworkers in the amount of One Hundred Fifty Million Pesos (PHP 150,000,000.00). The schedule of the release of the fund assistance shall be dependent on the Supreme Court’s approval of this Compromise Agreement.
All monetary and non-monetary benefits, such as homelots and production share, already received by the farmworkers shall remain and shall not be questioned, or refunded as a result of land distribution. At the same time, the parties hereby respect and will no longer question the validity of the conversion of lands to non-agricultural use.
Farmworkers opting for land distribution, hereby waive all their rights or interests on the remaining assets of HLI. They also hereby give HLI or its assigns the right of first refusal, should they decide to lease, sell, transfer, encumber, convey , or enter into joint-venture or any other mode of business relations or transaction that would involve the land given to them, or any rights thereto, or any portion thereof. Should HLI or its assigns fail to match the best offer given to the farmworkers within three hundred sixty (360) days from the receipt of a written notice, then the farmworkers may proceed to deal with third parties.
To optimize land productivity and create job opportunities, the farmworkers herein hereby express support and/or interpose no objection to the further developments of HLI lands even for non-agricultural purposes. Said farmworkers who chose SDO, or their heirs, shall be given preference in employment.
Pursuant to this Compromise Agreement and the financial assistance given, the parties herein hereby waive and agree to withdraw any and all claims, including those arising from employer-employee relationship, complaints, petitions filed, or to be filed, with the DAR, PARC, administrative, quasi-judicial and/or judicial bodies, or any other matter arising from or incidental to the MOA, or any dispute between HLI and the farmworkers, and hereby release and hold harmless each other from any and all other liabilities or claims, of any form and kind, which one may have against the other and its officers, or which may arise now or in the future between HLI and the farmworkers, or as a result of or incidental to the implementation of the MOA.
All parties herein have entered into this agreement freely and voluntarily with full understanding of its contents, and hereby agree to cooperate with each other in good faith in carrying out the principles and objectives embodied in the provisions stated in this agreement, including the execution, signing, delivery and implementation of any and all documents necessary to achieve and/or implement the above purposes. This English version shall supersede any other translation in case of discrepancy.
IN WITNESS WHEREOF, the parties have hereunto set their hands and affix their signatures this August 6, 2010, at Tarlac City.
HACIENDA LUISITA INCORPORATED
By: ATTY. EUFROCINIO C. DELA MERCED JR.
ALYANSA NG MGA MANGAGAGAWANG BUKID NG HACIENDA LUISITA
By: NOEL MALLARI
UNITED LUISITA WORKERS UNION
By: ELDIFONSO PINGOL
SUPERVISORY GROUP OF HACIENDA LUISITA, INC.
By: JULIO SUNIGA By: WINDSOR ANDAYA
WITNESSED BY:
ATTY. VIGOR D. MENDOZA II ATTY. ANTONIO A. LIGON
Brgy.Kap. PROTACIO N. NAVARRO JR. Brgy.Kap. RENATO R. LUNA JR.
Brgy.Kap. FRANCISCO A. SIGUA
We Concur:
Tarlac Development Corporation (TDC)
By:___________________________
