DEED OF WAIVER AND UNDERTAKING KNOW ALL MEN BY THESE PRESENTS: ________________________________________ (hereafter referred to as the Corporation), a corporation

duly established by and under the laws of the Republic of the Philippines, with place of business at _____________________________________________________, acting through its duly authorized representative s, do hereby relieve and hold !"C#R$%& '()* C+RP+R(%$+) (!'C) free and har,less of all its obligations as a 'an- and waive and release !'C, its e,ployees, officers, directors and stoc-holders fro, any and all clai,s, responsibilities, actions, liabilities, co,pensation or da,ages which ,ay have arisen, or ,ay arise, resulting fro, or in any ,anner connected with, the deposit of chec-s payable to the short na,e inco,plete na,e unregistered acrony, in the deposit account of the corporation with !'C. /e agree to inde,nify !'C for any and all clai,s by and or liabilities to any other person, party or entity, with respect to any ,atter involving the deposit account. %he Corporation hereby assu,es full responsibility and liability for all transactions pertaining to the sub0ect deposit account. $t is hereby warranted that the deposit to the said account is as a result of the legiti,ate transactions of the Corporation in the ordinary course of business. $t is further warranted that the signatories hereto were duly authorized to e1ecute and deliver this 2eed. 3oreover, the Corporation underta-es to li,it the deposit to the corporation4s ban- account in the new na,e of chec-s payable to the aforesaid short na,e inco,plete na,e unregistered acrony, of the corporation for a period of ____ ,onths. %hereafter, the ban- will no longer allow the deposit of the chec-s payable to short na,e inco,plete na,e unregistered acrony, of the corporation to the said ban- account of the corporation. %he corporation hereby agrees to abide by all of the 'an-4s rules and regulations including any and all a,end,ents thereto and it is e1pressly understood that !'C shall have the right to close the deposit account at anyti,e should it dee, the sa,e necessary in order to protect its interest. IN WITNESS WHEREOF, the signatories have set their hands on this ____ day of ______, 5667 at 3a-ati City, 3etro 3anila, Philippines. (na,e of corporation) ______________________________________________________________ 'y8 __________________________ __________________________

SIGNED IN THE PRESENCE OF : ________________________ ______________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES ) ) S.S. BEFORE ME, a )otary Public for and in the above 0urisdiction, this _____ day of _________________, personally appeared8 NAME ISSUE Corporation COMM. TAX CERT. NO. DATE/PLACE OF

-nown to ,e and to ,e -nown to be the sa,e persons who e1ecuted the foregoing instru,ent and ac-nowledged to ,e that the sa,e is their voluntary act and deed and the free and voluntary act and deed of the principal represented herein for the uses and purposes therein set forth. WITNESS MY HAND AND SEAL on the date and place first above9 written. )+%(R& P#':$C 2oc. )o.8 _____; Page )o.8 _____; 'oo- )o.8 _____; !eries of 566_.