DEED OF ASSIGNMENT OF SHARES OF STOCK
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Assignment, made and executed this (Date) at (Place), by and between:
(NAME OF ASSIGNOR), of legal age, Filipino, single/married, and resident of (Place of Residence), and hereinafter referred to as the “ASSIGNOR”;
- in favor of -
(NAME OF ASSIGNEE), of legal age, Filipino, single/married, and resident of (Place of Residence), and hereinafter referred to as the
“ASSIGNEE”.
WITNESSETH That:
WHEREAS,
the ASSIGNOR is a stockholder and holds certain shares of stock of (NAME OF CORPORATION), a corporation duly organized and existing under and virtue
of the laws of the Republic of the Philippines with office address
at (Principal Address of Corporation), Philippines;
WHEREAS, the ASSIGNOR desires to assign (NUMBER OF SHARES IN WORDS)
(Number of Shares in Figures) of his shares, as well as all his rights and interests accruing therefrom, in favor of the ASSIGNEE;
WHEREAS, the ASSIGNEE is
willing to accept the ASSIGNOR’S aforesaid shares;
NOW,
THEREFORE, for and in consideration of the foregoing premises and, for
good
and valuable consideration in the amount of (AMOUNT IN WORDS) PESOS (Amount in Figures) Philippine Currency, the receipt whereof is hereby acknowledged
to the full satisfaction of ASSIGNOR, the ASSIGNOR hereby CEDES, TRANSFERS and CONVEYS, in a manner absolute, all his rights, interests
and title to and in the
aforementioned (NUMBER OF SHARES IN WORDS)
(Number of Shares in Figures) common shares of (NAME OF CORPORATION), including all his rights appurtenant thereto, in
favor of the ASSIGNEE and the ASSIGNEE hereby accepts the same.
ASSIGNOR hereby agrees to be responsible for any and all costs, expenses, and taxes that may be due arising out of, in connection with, or as a consequence of the assignment of shares to ASSIGNEE pursuant to this Deed.
ASSIGNOR has full, complete and absolute title to the shares, which are valid, fully paid and non-assessable; and ASSIGNOR transfers title of the shares to the ASSIGNEE free and clear of any lien, charge, or encumbrances of any nature to any third party.
ASSIGNOR hereby authorizes the Corporate Secretary of (NAME OF CORPORATION) to transfer the said shares to the ASSIGNEE on the books of the corporation after payment of the corresponding taxes and fees.
IN WITNESS WHEREOF, the parties hereto have hereunto affixed their signatures this (Date) in (Place), Philippines.
(NAME OF ASSIGNOR) (NAME OF ASSIGNEE)
Assignor Assignee
Witnesses: __________________________ __________________________
ACKNOWLEDGMENT
Republic of the Philippines )
City of ________________ ) S.S.
BEFORE ME, a Notary Public for and in the City of ____________, this (Date) personally appeared the following:
ID No. Date/Place of Issue
(Name of Assignor)
(Name of Assignee)
known to me and to me known to be the same persons who executed the foregoing Deed of Assignment of Shares of Stock, and they acknowledged to me that the same is their own free and voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and at the place first above written.
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
