PHI ASSET Te, OHS MANAGEMENT INC. Email Ades pamnisales@slacom Subject: Revised aisderkios = Documentary Requirements Effective June 01, 2010, we will strictly implement the following: 4. Investment transactions will only be booked upon submission of the following documents: a, al and duly filled-up IAF b. Original and duly filled-up CIS (for new accounts only) ©. Copy of valid ID of the client which should be certified and signed off by the BDO or MO or Agent as verified from the original. If account has convestor/s, same documents will be required as above, otherwise, the transaction will be booked as a single account hence, as the primary holder. Fax documents shall be accepted provided, original fax waiver forms have been completely filled up, signed and submitted. 2. Redemption transactions will be booked upon submission of the following documents: a. Original and duly filled-up Redemption Form b. Original and duly filled-up SAF. ©. Copy of valid ID of the client which should be certified and signed off by the BDO or MO or Agent as verified from the original. (required for updating purposes only, if with recent transaction, indicate a note in the form: last trans date:___). For joint accounts, any one of the account holders may sign the RF and the SAF. All redemption proceeds (check & funds transfers) shall be issued to payee or account holder/s as stated in the fund registry. For change in payee or account holder, the co-investor excluded from the payment is required to sign and submit a quit claim. See attached annex 4. Payment options available: a. Pick-up check from PAM! office. b. Direct deposit to the client's account via fund transfers (Peso Netting, RTGS or PDDTS). Please see annex 2 for list of valid IDs that will be acceptable for the above transactions.All exceptions to the above will be dealt with on a case to case basis and require the approval of the President, EVP and Controller. Exception slips on the above will be filled-up by the requesting and responsible sales personnel. Also new account opening and transaction forms shall be applied beginning June 1, 2040. All Clients (new ‘and old) will be required to fill up the new CIS, new fax waiver forms, and new client risk questionnaires etc, See attached annex 3, 4, 5 for sample, old forms will no longer be accepted. ‘We expect full compliance of these requirements. Non-compliance may result in the employee commission payout to be withheld. Thank you, \/DEED OF RELEASE, QUITCLAIM AND INDEMNITY KNOW ALL MEN BY THESE PRESENTS: This Deed of Release, Quitclaim and Indemnity, executed by: Filipino, of legal age, married/single, residing at hereinafter referred to as the “INDEMNITOR”; - in favor of - PHILAM ASSET MANAGEMENT, INC.. a corporation duly organized and existing under Philippine Laws, with office address at 5/F Salustiana D. Ty Tower, 104 Paseo de Roxas, Legaspi Village, Makati City, Metro Manila, Philippines, hereinafter referred to as “PAMI”; WITNESSETH: WHEREAS, the INDEMNITOR is a co-investor with respect to certain shares (the “Shares”) of (the “Fund”) under Folio No. » with PAMI as the fund manager and distributor; WHEREAS, the INDEMNITOR represents and warrants that he/she has granted full and complete authority in favor of his/her co-investor/s in the Fund to hold, manage, redeem, withdraw or otherwise dispose of the aforesaid Shares; WHEREAS, the INDEMNITOR has authorized PAMI to effect the redemption of the Shares and to issue a check or deposit the proceeds of the said redemption in the name of the paycels indicated in the redemption form; WHEREAS, PAMI has agreed to the aforesaid request provided that the INDEMNITOR shall hold PAMI and the Fund free and harmless from any and all liability or claims that may be made, filed or directed against them by reason of the redemption of the Shares; NOW, THEREFORE, for and in consideration of the foregoing premises, the INDEMNITOR hereby releases and forever discharges PAMI and the Fund, as well as their directors, officers, successors and assigns, from any action, complaint, suit or claim, or any other obligation whatsoever arising from or in connection with the redemption of the aforesaid Shares, which may be brought by any party whomsoever, including any of his/her co-investor/s referred to in the account pertaining to the Shares. The INDEMNITOR likewise confirms that he/she has no cause of action, claim or grievance whatsoever against PAMI and the Fund, or any of their directors, officers, successors and assigns, with respect to any matter related to or connected with the redemption of the Shares. The INDEMNITOR holds himselffherself directly liable to answer for any and all action, suit or claim that may be instituted or filed by any person against PAMI and the Fund, or any of their directors, officers, successors and assigns, in relation to or in connection with the redemption of the above-mentioned Shares. The INDEMNITOR’s commitment herein shall not preclude PAMI or the Fund from availing of such other rights or remedies to which it may be entitled under the law as against the INDEMNITOR.