RELEASE WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

I, _______________, Filipino, of legal age, and authorized representative ___________ (herein the
“Company”) duly registered under Philippine Laws with principal business address at
__________________ do by these presents acknowledge receipt of the sum of __________________,
Philippine Currency, from a company duly organized and existing under and by virtue of Philippine Laws,
with principal business address at ___________, in full payment and final settlement of the damages due
to the Company 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 the
Memorandum of Agreement entered into by the two aforementioned companies over the _________ under
the name of ___________ with a total area of ______________ more or less.

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 the incident above-mentioned
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deemed and considered voluntary withdrawn by me and I will no longer testify or continue to prosecute said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
_______________.

______________________
affiant

SIGNED IN THE PRESENCE OF

_______________________ ______________________

SUBCRIBED AND SWORN to before me this ___ day of ______________ at ___________ affiant
exhibiting to me his _____________________.

Doc. No. ______

Page No. ______
Book No. _____
Series of 2020.