DEED OF RELEASE, WAIVER AND

QUITCLAIM WITH UNDERTAKING

The __________________________., a corporation duly organized and existing

under the laws of the Philippines, with principal offices at the First Philippine Industrial
Park, Barangay Sta. Anastacia, Sto. Tomas, Batangas, represented herein by its
MANAGING DIRECTOR, ______________________ , and its DIRECTOR,
_______________________________, (the “Corporation”), for and in consideration of
the release by BDO UNIBANK, INC. – TRUST AND INVESTMENTS GROUP
(“BDO-TRUST”), as Trustee of the [name of plan] (the “Plan”), to the Corporation,
through its successor-trustee, [name of successor trustee], of the assets of the Account
enumerated in Annex “A” and the amount of
_________________________________________ (P_____________), representing the
entire and complete assets and proceeds of investments, including accrued interest, net of
fees and expenses, as of [date] of [that portion of] the Trust Fund (the “Fund”)
established by the Corporation under the Plan and maintained by BDO-Trust under Trust
Account No. [Account Number] (the “Trust Account”), does hereby release, waive,
quitclaim and forever discharge BDO Unibank, Inc. and its Trust and Investments Group,
its affiliates, subsidiaries and related entities, as well as all its directors, officers and staff
(collectively, “BDO”) from any and all liability and responsibilities which the
Corporation and/or its officers, employees, or any third party may have against BDO in
connection with the Trust Account.

Further, the Corporation represents and undertakes that:

(a) It has no claim against BDO, and BDO is released against any liability,
in connection with the Trust Account;

(b) In case any claim is filed or commenced against BDO in connection

with the Trust Account, the Corporation shall hold BDO free and harmless from any
liability and shall indemnify BDO for any cost or damage that BDO may incur as a
consequence of such claim; and,

(c) The Corporation shall promptly, unconditionally, and fully indemnify

BDO, upon demand, for any and all obligations (including any tax obligation), charges,
liabilities, losses, damages, costs, and expenses (including legal expenses in any
proceeding) BDO may incur in connection with the acts or transactions done or entered
into by BDO in the performance of its duties as Trustee in connection with the Trust
Account.

The above stated sum is the sole consideration for this release, waiver and
quitclaim, and that such consideration is paid and released to the Corporation in
accordance with the first paragraph of this Deed.
 IN WITNESS WHEREOF, we have hereunto sign these presents this
________day of ____________________at ______________.

By:

_______________________________ _______________________

SIGNED IN THE PRESENCE OF:

_______________________________ _______________________

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in Makati City, this ______________________________
personally appeared the following individuals whose identities I have confirmed through
competent evidence of identity bearing their photographs and signatures described as follows::

Name Government ID No./ Expiration Community Tax Certificate No./

Date/ Place of Issue Date of Issue/ Place of Issue

all known to me and to me known to be the same person/s who executed the foregoing Deed of
Release, Waiver and Quitclaim with Undertaking, consisting of two (2) pages, including this
page, and they acknowledged to me that they voluntarily affixed their signature/s for the
purpose/s stated in the foregoing instrument and that the same are their true and voluntary acts
and deeds as well as of the corporation they represent.

WITNESS MY HAND AND SEAL.

Doc. No. _________;

Page No. _________;
Book No. _________;
Series of 20___.