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officers, employees, agents and clients are hereby deemed and considered voluntary withdrawn by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

_______________________ ______________________