Republic of the Philippines Laoag City ) S.

) RELEASE, WAIVER AND QUITCLAIM

I, ________________________, of legal age, Filipino, single/marrie /!i o! an a resi ent of ____________________________, after ha"ing been s!orn to in accor ance !ith la! hereby epose an state# $. (. %hat I "oluntarily resigne / cease !or&ing from __________________, effecti"e an starting from _________________' )*ncircle the letter applicable to your situation) a) %hat I ga"e t!o !ee&s prior notice to the company, reason for !hich I ac&no!le ge to ha"e recei"e from __________________ the amount of __________________ representing accrued salary and all other bene !ts to !hich I am entitle ' b) c) %hat I d!d N"T #!$e t%o %ee&s 'r!or not!ce to the company, reason for !hich I ac&no!le ge to ha"e or e!ted the accrue salary an all other benefits to !hich I am entitle ' %hat I d!d N"T #!$e t%o %ee&s 'r!or not!ce to the company, ho!e"er, through the #ratu!ty of __________________, I ac&no!le ge to ha"e recei"e from them the amount of __________________ representing accrue salary an all other benefits to !hich I am entitle e"en if in contract I shoul not ha"e been +ualifie to it ue to the belate notice gi"en'

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%hat I li&e!ise ac&no!le ge receipt from __________________ the amount of __________________ representing their 'art!n# #! t to me in appreciation of the ser"ices I ha"e ren ere to the company' %hat I hereby ore$er release, %a!$e, (u!t and ore$er d!schar#e __________________, its officers, irectors, stoc&hol ers from any action or claim, !hether ci"il, criminal or a ministrati"e an /or any relief an obligation that I may ha"e or may ha"e been file in any bo y, !hether .u icial or +uasi/.u icial' %hat I hereby ac&no!le ge that I ha"e no cause o act!on against __________________ its officers, irectors stoc&hol ers !ith respect to any matter arising from the cessation of my employment !ith __________________' %hat I %arrant that I %!ll !nst!tute no act!on against __________________, its officers, irectors, stoc&hol ers an agree that __________________, its officers, irectors, stoc&hol ers can br!n# act!on or da)a#es that )ay accrue resulting from breach o th!s Release, Wa!$er and Qu!tcla!)' %hat !ith the cessation of my employment, I shall res'ect and obser$e the E*CLUSIVIT+ AND C"N,IDENTIALIT+ CLAUSE that I signe !ith __________________ !hich rea s as follo!s#

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EXCLUSIVITY and CONFIDENTIALITY CLAUSE: During the employment of the SECOND PARTY, ____________________, it is understood th t the !"RST PARTY, ____________________, h s dis#losed, or m y h $e dis#losed, inform tion rel ting to the #omp ny%s &usiness, in#luding, &ut not limited to: te#hni# l nd oper tion l tr inings, #omputer progr ms, te#hni# l dr 'ings, lgorithms, n mes nd e(pertise of employees nd #onsult nts, )no'*ho', formul s, pro#esses, ide s, in$entions +'hether p tent &le or not,, s#hem ti#s nd other te#hni# l, &usiness, fin n#i l, #ustomer nd produ#t de$elopment pl ns, fore# sts, str tegies nd inform tionAnent thereto, the SECOND PARTY sh ll not dis#lose the &o$e*st ted &usiness inform tion to ny other entity, espe#i lly #ompetitors, 'hile still employed 'ith the #omp ny, unless e(press permission is gr nted &y the #omp ny or is ne#ess ry in the #ondu#t of the &usinessThe SECOND PARTY is lso en.oined from dis#losing the s me &usiness inform tion to ny other entity t'o +/, ye rs from his0her #ess tion of employment 'ith the !"RST PARTY- The SECOND PARTY sh ll li)e'ise neither use the s id inform tion to foster his or her o'n &usiness nor 'or) for nother #omp ny th t eng ges in the s me n ture of &usiness th t sh ll dire#tly or indire#tly #ompete or #onfli#t 'ith the #omp nyA &re #h of the foregoing greements sh ll gi$e right to the #omp ny to termin te employment, or in the # se of the &o$e pre#eding p r gr ph, the #omp ny m y t )e #tion s it deems ne#ess ry nd see) redress from the #ourts or ny other 1u si*.udi#i l gen#y, through &ut not limited to n #tion for in.un#tion nd for minimum d m ge fee in the mount of thirty thousand pesos (P !"!!!#!!$" Phi%ippine Curren&y# %hat I ha"e rea the contents of the entire ocument an un erstoo the meaning hereof. IN WITNESS W-ERE",, I ha"e hereunto affi3e my signature this ________________________ at Laoag City, Philippines.

__________________________ 4ffiant SU.SCRI.ED AND SW"RN to before me this ________________________ at Laoag City, Philippines, affiant e3hibiting to me his/her _________________________.

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