RELEASE, WAIVER, AND QUITCLAIM

KNOW ALL MEN BY THESE PRESENTS:

I, Ariel V. Cailing, of legal age, married, Filipi o, a d a re!ide " of Ma#$%a&, Sa Pa!'$al, (#a&, Bo%ol %ere#& a') o*ledge "%a" m& emplo&me " *i"% Ha +i Hea,& I d$!"rie! - .o !"r$'"io .o/ L"d/, Lag$i di ga Airpor" 0e,elopme " Pro+e'", Brg&/ Moog, Lag$i di ga , Mi!ami! Orie "al 'ea!ed effe'"i,e March 31, 2011 d$e "o 'omple"io of "%e p%a!e of "%e 'o !"r$'"io *or) *i"% *%i'% I *a! a!!ig ed/ I %a,e re'ei,ed from "%e .OMPANY "%e amo$ " of Ten Thousand Eight Hundred Twenty Three Pesos nly, !Ph" 10,#23.00$ a! ma ageme " fi al pa& 'o !i!"i g of "%e follo*i g: 123 Mo "% $ *or)ed mo e"ar& 'ompe !a"io Mar'% 2892, :722 ; 0a&! I 'e "i,e! P%p 2,7<;/59 29"% Mo "% Pa& 1Propor"io a"e3 : P%p 4,456/57 : : P%p 2,<6:/94

2/ I a') o*ledge "%a" I %ad re'ei,ed all amo$ "! "%a" are o*, or i "%e f$"$re, ma& #e d$e from me from "%e .ompa &/ I li)e*i!e a') o*ledge "%a" I %ad re'ei,ed mo e"ar& 'ompe !a"io o$" of "%e 'ompa &=! ge ero!i"& 'o !"i"$"i g o e 123 mo "% $ *or)ed da&! 'o,eri g "%e period of Mar'% 2, :722 "o Mar'% 92, :722/ I re'ei,ed a d *a! paid all 'ompe !a"io !, #e efi"! a d pri,ilege! "o *%i'% I *a! e "i"led $ der "%e la*, a d if I %ereaf"er fi d, i a & ma er, "o %a,e #ee e "i"led "o a & o"%er amo$ ", "%e a#o,e 'o !idera"io i! a f$ll a d fi al !a"i!fa'"io of a & a d all !$'% $ di!'lo!ed 'laim!/

:/ I %ere#& relea!e a d fore,er di!'%arge "%e .ompa &, i"! !$''e!!or! i 8 i "ere!", a!!ig !, !"o')%older!, offi'er!, dire'"or!, age "! a d emplo&ee! from a & a d all a'"io !, !$m of mo e&, damage!, 'laim a d dema d! *%a"!oe,er, *%i'% i la* or i e>$i"& I %a,e, or mig%" %a,e %ad, d$e "o, ari!i g o$" of, a d?or i rela"io "o m& emplo&me " "%ere*i"%, a d %ere#& relea!e, 'omple"el&, a#!ol$"el& a d fore,er, "%e .ompa & from a & a d all lia#ili"ie!, d$"ie! a d o#liga"io !, d$e "o, ari!i g, *%oll& or par"iall&, i rela"io "o m& emplo&me " *i"% "%e .ompa &/

9/ I *arra " "%a" I *ill o lo ger i !"i"$"e a & a'"io a d *ill o" 'o "i $e "o pro!e'$"e pe di g a'"io ! if a &, agai !" "%e .ompa &, i"! !$''e!!or!8i 8 i "ere!", a!!ig !, !"o')%older!, offi'er!, dire'"or!, age "! a d emplo&ee!/ I ma ife!" "%a" "%e pa&me " #& "%e .ompa & of "%e foregoi g !$m of mo e& !%all o" #e "a)e #& me a! a 'er"ai 'o fe!!io a d admi!!io o "%e par" of

"%e .ompa &, for a & ma""er, 'a$!e, or dema d damage! "%a" I ma& %a,e or %a,e %ad agai !" "%e .ompa &/

I *i" e!! *%ereof, I %a,e %ere$ "o affi@ed m& !ig a"$re "%i! AAAAAAAA of AAAAAAAAAAAAAAAAAAAA, :722, Lag$i di ga , Mi!ami! Orie "al/

Ariel V. Cailing Emplo&ee

Wi" e!!e!

Rod e& Mag o Leo ardo B$i#la" Marie 0apa

Ro"%e!a

S(BS.RIBE0 AN0 SWORN TO #efore me "%i! AAAAA da& of AAAAAAAAAAAi AAAAAAAAAAAAA/ Affia " e@%i#i"i g "o me %i! T.T No/ AAAAAAAAAAAAAAAAAAAi!!$ed o AAAAAAAAAAAAAAAAAAA a" AAAAAAAAAAAAAAAAAAA/

0o' No/ AAAAC Page No/ AAAAC Boo) No/AAAAC Serie! of :722/