(Waiver of Bank's Liability for Accepting Second Endorsed Checks)

REPUBLIC OF THE PHILIPPINES)

Province of ____________________) S.S.
City/Municipality of _____________)
x-----------------------x

WAIVER OF LIABILITY

We, spouses_____________ and _____________, both of legal ages, Filipinos and

residents of _____________, Philippines, after being duly sworn to in accordance with law,
hereby depose and say:

1. That we are maintaining a Joint Account with the _____________ Bank,

_____________ Branch, located at _____________, Philippines;

2. That we intend to deposit in our account in the said bank second endorsed
checks which we request the Bank to honor and accept for deposit without
the need of a notarized power of attorney;

3. That, by these presents, we hereby hold the said Bank free and harmless
from any and all liability or cause of action arising from the encashment
or deposit of the above-mentioned second endorsed checks;

4. That we further authorize the said Bank to automatically debit our account
without prior notice should any second endorsed check which may have
already been credited to our account be returned or dishonored and that in
case the balance in our account be insufficient to cover the said returned
or dishonored check, then we shall pay the Bank on demand.

IN WITNESS WHEREOF, we have hereunto set our hands this _____________, at

_____________, Philippines.

AFFIANT AFFIANT

(JURAT)