RELEASE WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

That I, __________________, Filipino, of legal age, a resident of

__________________, and formerly employed with __________________, do by these
presents acknowledge receipt of the sum of __________________, Philippine Currency,
from _____________________ in full payment and final settlement of the (financial
assistance or separation pay, overtime pay, salary or salaries, wage or wages, commutable
sick and vacation leaves, gratutities or any kind of compensation or emoluments) due to
me or which may be due to me from ____________________ under the law or under any
existing agreement with respect thereto, as well as any and all claims of whatever kind
and nature which I have or may have against ________________, arising from my
employment with (and the termination of my employment with ______________________.

In consideration of said payment, I do hereby quitclaim, release, discharge and

waive any and all actions of whatever nature, expected, real or apparent, which I may
have against _______________, its directors, officers, employees, agents and clients by
reason of or arising from my employment with the company. I will institute no action,
whether civil, criminal, labor or administrative against _________________, its directors,
officers, employees, agents and clients. Any and all actions which I may have commenced
either solely in my name or jointly with others before any office, board, bureau, court, or
tribunal against _________________, its directors, officers, employees, agents and clients
are hereby deemed and considered voluntary withdrawn by me and I will no longer testify
or continue to prosecute said action(s).

I declare that I have read this document and have fully understood its contents. I
further declare that I voluntarily and willingly executed this Release, Waiver and Quitclaim
with full knowledge of my rights under the law.

IN WITNESS WHEREOF, I have hereunto set my hand at _____________, this ___ day
of _______________, 2000.

_______________________

Affiant

SIGNED IN THE PRESENCE OF

_______________________ ______________________