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withdrawn by me and I will no longer testify or continue to prosecute said action(s).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

_______________________ ______________________