RELEASE, WAIVER AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

I, _____________________of legal age, with address at ________________________.

do by these presents confirm my lawful separation from PHILIPPINE BUSINESS BANK
("Bank") effective, ________________. I acknowledge that I have received from the Bank
the amount of ____________________________________________________________
(P_______________), net of all deductions, as final payment of all amounts which may be
due me from the Bank arising out of my previous employment or the cessation of my
employment with it.

In consideration of the foregoing -

1 I absolutely and unconditionally release, remise and forever discharge the bank, its
stockholders, officers, agents, or representatives from any claim or liability, whatsoever
arising from my previous employment or the cessation of my employment with the Bank.

2 I acknowledge that I have received all amounts that are now, in the past or in the future
maybe due me arising from my employment or the cessation of my employment with the
Bank.

3 I acknowledge that I have no cause of action, case, grievance or claim whatsoever against
the Bank, Its, stockholders, officers, agents or representatives arising from my previous
employment or the cessation of my employment with it. Accordingly, I warrant that I
shall not file any action, complaint or case against the Bank or the aforementioned
persons.

4 Finally, I declare that I have read and fully understood this document and the release and
quitclaim hereby given are made willingly and voluntarily by me with full knowledge of
my rights under the law.

In witness, I affix my signature this _____ day of _______, 2022 in the

_______________, Philippines.

_________________________
Signature over Printed Name

ACKNOWLEDGEMENT

BEFORE ME, a Notary Public in and for the City of _______________ this _____ day of
__________ 2022 personally appeared ________________________ with Community Tax
Receipt No. __________ issued on __________ at __________ known to me to be the same
person who executed the foregoing Release, Waiver and Quitclaim and he/she acknowledged
to me that the same is his/her own free and voluntary act and deed.

WITNESS MY HAND AND SEAL at the place and on the date first above written.

Doc. No. _____

Page No. _____
Book No._____
Series of 2022