COMPROMISE AGREEMENT

We, Employees_____________, and the Employer ___________, hereby enter into this Compromise
Agreement / Settlement of Any and All Claims, and by virtue thereof manifest as follows:

That ___________, by these presents, and for and in consideration of the total amount of
________________________ (P_____________), which he acknowledged to have received to his full
and complete satisfaction from ___________, hereby declares that he has no further claims whatsoever
against the Employer ___________ or any of its managers, staff, directors or officers and that he hereby
releases and forever discharges the said Employer from any and all claims, demands, cause of action, or
liability of whatever nature arising out of his employment with the said Employer;

That Employee ___________ further manifests that the aforementioned amount that he received from
Employer ___________ shall be in full and final settlement of all his claims and benefits from the said
Employer, including those treated in the above-captioned case and that the payment so received as
provided herein should not in any way be construed as an admission of liability on the part of Employer
___________;

That this Compromise Agreement / Settlement of Any and All Claims constitutes a Release, Waiver and
Quitclaim and that no further claim, suit or proceeding of whatever nature may be filed in any court or
agency of the government against the herein Respondent or any person acting in its interest, since any
and all claims in connection with the previous employment of the said Employeehave been finally
settled once and for all.

As such, the parties hereto respectfully request the National Labor Relations Commission to treat the
above-captioned case as CLOSED and/or finally DISMISSED with prejudice.

IN WITNESS WHEREOF, we have hereunto set our hands this ___________ at ___________, Philippines,
after the contents of this Compromise Agreement / Settlement of Any and All Claims were read and
understood by me after they have been explained by the Administering Officer.

COMPLAINANT RESPONDENT

SIGNED IN THE PRESENCE OF:

________________ ________________
(ACKNOWLEDGMENT)