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REPUBLIC OF THE PHILIPPINES)

Makati City, Metro Manila ) S.S.

AFFIDAVIT OF AUTHORIZATION TO DEDUCT,


WAIVER AND QUITCLAIM

I, HENRY A. BATI-ON, JR. of legal age, Filipino and with office


address at 4th Floor of Marvin Plaza Building, 2153 Chino Roces Ave.,
Barangay Pio del Pilar, Makati City, Metro Manila, Philippines, after
having been duly sworn to law, do hereby depose and state, that:

1. I am currently employed by Pieceland Corp. as an Accounting


Department Officer;

2. I acknowledge and truly understand that the company is


currently experiencing a substantial, serious, actual, and real loss due to
the economic effect of the COVID-19 pandemic to the tenancy of the
company’s Marvin Plaza Building, with more or less 70% has opted to
terminate their respective lease contract;

3. As of this date, the tenancy rate of the building remains at


33%, and as a consequence, the cash flow of the company continuously
diminished, affecting further the operational expenses of the company,
including the salaries of its employees;

4. In order for the company to give the respective salaries of the


other employees of the company, I voluntarily consent the company to
temporarily withhold or deduct half of my salary to cover the salary of
other employees of the company;

5. That I understand that the company will completely or


proportionately return to me the total amount withheld from my salaries,
without interest, whenever the company be able to sell its assets or have
an increase in tenancy rate or revenues;

6. That I hereby release, remise, and forever discharge the


Pieceland Corp., its principals, subsidiaries and their affiliates, and
their respective stockholders, directors, officers, employees,
representatives, or agents from all claims, demands, cause of
action, or case of whatever nature arising from or relating to my
express consent to deduct and withhold from my salaries;

7. I further warrant that I will institute no action, case, or


claim against Pieceland Corp., their respective stockholders,
directors, officers, employees, representatives, or agents in
connection with any and all statutory benefits due me from the
company. I also manifest that this shall not be taken by me, my
heirs, or assigns, as a confession and/or admission of liability on
the part of the company, its successors-in-interest, assigns, agents,
or employees

8. I finally declare that I have read and understand this


document and the release, waiver, and quitclaim hereby given are
made willingly and voluntarily and with full knowledge of my rights
under the law.

IN WITNESS WHEREOF, I have hereunto set my hands this ____


day of ________________, 2023, in _____________, Philippines.

HENRY A. BATI-ON, JR.


Affiant

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


MAKATI CITY………………………..) S.S.

BEFORE ME, a Notary Public, on this ____ day of ____________, at


_____________________, personally came and appeared HENRY A. BATI -
ON, JR. with competent proof of identity, __________________________
known to me to be the same person who executed the Affidavit of
Discrepancy (One and the Same Person) and acknowledged to me that
the same is her voluntary act and deed.

WITNESS MY HAND SEAL, on the date and at the place above


written.

Doc. No. ________;


Page No. ________; NOTARY PUBLIC
Book No. ________;
Series of 2023.

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