REPUBLIC OF THE PHILIPPINES }

TARLAC CITY } s.s

RELEASE WAIVER AND QUITCLAIM

I, ________________________, of legal age, with address at_____________________, hereby

acknowledge and accept the lawful cessation of my contractual employment with
______________________________ hereinafter referred to as Employer, effective on
____________, and further manifest and declare that:

1. I acknowledge having received from my Employer to my full and complete satisfaction, all
amounts due me from my Employer. I further declare that I have been fully paid my
salaries, and such other benefits/amount including any financial assistance that may be
due me, whether such amounts are by virtue of my contract of employment, the lawful
cessation of my employment with the Employer or any laws, rules on equity, company
program and/or company practices.

2. I hereby release, remise, waive and forever discharge my Employer, its partners, agents,
employees and associates from any action, whether civil, criminal, administrative or
otherwise, or from any claim of any kind or character arising out of or in connection with
any employment or any legal separation therefrom such as, without limitation, salaries,
allowances, holiday pay, benefits, 13th Month Pay or any financial assistance.

3. I will not, at any time in any manner whatsoever, directly or indirectly, disclose to any
person or entity any information of any kind relating to the business of MBECC or any of
its client companies to where I am assigned, or to any of their affiliates or related
companies, including but not limited to information concerning their business, their
manner of operations, plans, processes or data of any kind which I acquired, learned, and
received during my employment.

4. I shall render every cooperation necessary and obligate to turn over and account for all
records, money, properties and assets in my possessions.

5. I hereby declare that I have no cause of action whatsoever against my employer, its
principals, stockholders, officers, directors, agents, employees and associations in respect
of any matter incident to or arising out of my employment or cessation thereof.
6. I further declare that if I commit an act contrary to any provision of this document, I will
hold my employer free and harmless from any and all liabilities and will pay for all
damages suffered by them.
 7. I have read this document entitled Release Waiver and Quitclaim, and fully understood
every word of it and its meaning and have affixed my signature hereunder voluntarily and
freely with the full and complete knowledge of the meaning and intent of the documents
and of any rights under existing laws and rules on equity.

______________________________ ____________
Affiant Date

Subscribed and sworn to before me this _______ day of ______________ 20__, affiant exhibiting
to me his ID No.____________________________________.

Doc. No. _______

Page No. _______
Book No._______
Series of _______