That I, ALFREDO ALCORIZA, Filipino, of legal age, a resident of PUROK 4, BARANGAY CABANTANGAN OF THE CITY OF ZAMBOANGA, do by these presents acknowledge receipt of the sum of SIX THOUSAND (P 6000.00), Philippine Currency, from MIRAIT PHILIPPINES, INC (a contracotor of Globe Telecom) in full payment and final settlement of the damages incurred on to the vehicular accident caused by sagging condition of fiber optic cable installed at Pasonanca particulary at Blue Homes Executive road due to me or which may be due to me from MIRAIT PHILIPPINES, INC under the law or under any existing agreement with respect thereto, as well as any and all claims of whatever kind and nature which I have or may have against MIRAIT PHILIPPINES, INC. In consideration of the said payment, I do hereby quitclaim, release, discharge and waive any and all actions of whatever nature, expected, real or apparent, which I may have against MIRAIT PHILIPPINES, INC, its directors, officers, employees, agents and clients by reason of or arising from my employment with the company. I will institute no action, whether civil, criminal, labor or administrative against MIRAIT PHILIPPINES, INC, its directors, officers, employees, agents and clients. Any and all actions which I may have commenced either solely in my name or jointly with others before any office, board, bureau, court, or tribunal against MIRAIT PHILIPPINES, INC, its directors, officers, employees, agents and clients are hereby deemed and considered voluntary withdrawn by me and I will no longer testify or continue to prosecute said action(s). I declare that I have read this document and have fully understood its contents. I further declare that I voluntarily and willingly executed this Release, Waiver and Quitclaim with the full knowledge of my rights under the law. IN WITNESS WHEREOF, I have hereunto set my hand at _____________, this ___ day of _______________, 2016.