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Note:
This is only a sample Release, Waiver and Quitclaim. It could be subject to modifications
to suit the purpose/s of its execution and requirements of the parties. It is advisable
that before an execution of any legal document, one must seek legal advice or assistance
from a Lawyer.
2. A Decision was rendered by the Regional Trial Court of Pasig City, Branch 35 on
June 18, 2013 in a case entitled MABUHAY Corporation vs. Maginhawa Corporation
and which became final and executory on January 18, 2014;
3. A Writ of Execution dated 18 June 2014 was issued by the Regional Trial Court
Branch 35 ordering to seize goods and chattels of the defendants in the said case and
make the sale thereof in accordance with law to satisfy the judgment in favor of Mabuhay
Corporation;
4. Whereas, the Board of Directors on September 28, 2014 approved the settlement
of the loan granted to Maginhawa Corporation represented by its President Maganda
Kho in the amount of FIVE MILLION PESOS (Php5,000,000.00);
5. Whereas, Maganda Kho fully paid the amount of FIVE MILLION PESOS
(Php5,000,000.00) on February 11, 2015 as the full settlement of its loan obligation to
MABUHAY Corporation; and
7. That I am executing this affidavit to attest to the truthfulness of the foregoing facts
and for whatever legal purpose this may serve.
IN WITNESS WHEREOF, I have hereunto signed in my name this ____ day of __________,
2015, Pasig City.
_______________________ ______________________
JURAT
SUBSCRIBED AND SWORN to before me, this _____ in Quezon City affiant
exhibiting to me his ____________________ issued on ___________ at _____________________.
NOTARY PUBLIC