RELEASE WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

I, _ , Filipino, of legal age, a resident of
and formerly employed with Asticom Technology Inc.,
(ATI) with address at 4th Floor GTP 1, Pioneer cor. Madison St. Mandaluyong City,
Philippines, do by these presents acknowledge receipt of the sum of
Pesos, Philippine Currency
(PHP ), from Asticom Technology Inc., in full payment and final settlement
of the separation pay, salaries, allowances, commutable vacation leaves, gratuities and 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, company policies with
respect thereto, as well as any and all claims of whatever kind and nature which I have or may
have against Asticom Technology Inc., arising from my employment with and the termination of
my employment with said company.

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 Asticom
Technology Inc., its directors, officers, employees, agents and partners and stakeholders by reason
of or arising from my employment with the company. I will institute no action, whether civil,
criminal, labor or administrative against Asticom Technology Inc., its directors, officers,
employees, agents and stakeholders. 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
Asticom Technology Inc., its directors, officers, employees, agents and clients are hereby deemed
and considered voluntarily withdrawn by me and I will no longer testify or continue to prosecute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

.

(Name)
Affiant

SIGNED IN THE PRESENCE OF

SUBSCRIBED AND SWORN to before me in this

, affiant exhibiting
no. issued in on and expiring
.

Doc. No. ;
Page No. ;
Book No. ;
Series of 2019.