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Deed of Assignment of Shares | PDF | Assignment (Law) | Law Of Obligations
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Deed of Assignment of Shares

This document is a Deed of Assignment of Shares between an Assignor and Assignees in the Philippines, where the Assignor transfers ownership of 75,000 shares of a corporation to the Assignees. The agreement includes the transfer of all rights, titles, and interests in the shares, including dividend and subscription rights. The Corporate Secretary is authorized to update the corporation's records to reflect this transfer.

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0% found this document useful (0 votes)
2 views3 pages

Deed of Assignment of Shares

This document is a Deed of Assignment of Shares between an Assignor and Assignees in the Philippines, where the Assignor transfers ownership of 75,000 shares of a corporation to the Assignees. The agreement includes the transfer of all rights, titles, and interests in the shares, including dividend and subscription rights. The Corporate Secretary is authorized to update the corporation's records to reflect this transfer.

Uploaded by

joanmellores89
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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DEED OF ASSIGNMENT OF SHARES

KNOW ALL MEN BY THESE PRESENTS:

This agreement made and entered this ________ in the City of


Davao, Philippines, by and between:

_____, of legal age, Filipino, married and a resident of


_____, Philippines; hereinafter referred to as
“ASSIGNOR”;

- and -

____, of legal age, Filipino, married and a resident of ______,


Philippines;

_______, of legal age, Filipino, married and a resident of ____P;


and

________, of legal age, Filipino, married and a resident of


___________, hereinafter referred to as “ASSIGNEE”.

WITNESSETH THAT :

WHEREAS, the ASSIGNOR is a stockholder of ____ (hereinafter


as the Corporation), a corporation duly organized and existing under the
laws of the Republic of the Philippines;

WHEREAS, the ASSIGNOR is one of the registered owner of


SEVENTY FIVE THOUSAND (75,000) shares of common stock of the
Corporation (hereinafter referred to as the “SHARES”;

WHEREAS, the ASSIGNOR desires to assign, transfer and


convey all its rights, titles, and interests in and to the shares, including all
its dividend and subscription rights, whether accrued, accruing, or which
may accrue to the Shares, in favor into the ASSIGNEE, and the
ASSIGNEE accepts the assignments in the following shares:

ASSIGNEE SHARE

NOW, THEREFORE, for and in consideration of the foregoing


premises and the payment of the sum of SEVENTY FIVE THOUSAND
(75,000), the ASSIGNOR hereby assigns, transfers, and conveys,
absolutely and unconditionally all its rights, titles, and interests in and to
the Shares, including all its dividend and subscription rights, whether
accrued, accruing, or which may accrue to the Shares, unto and in favor of
ASSIGNEE, its successors and assigns.

Upon presentation of this DEED OF ASSIGNMENT OF SHARES,


the Corporate Secretary or transfer agent of the Corporation is hereby
authorized and instructed to effect the necessary transfer of the Shares to
and in the name of the ASSIGNEE in the books of records of the
Corporation, and any and all rights, title and interests in and to the Shares,

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including but not limited to, the right to vote, dividend, and subscriptions
rights, shall thereafter pertain to the ASSIGNEE.

IN WITNESS WHEREOF, the parties have hereunto affixed their


signature, this _____________ at Davao City, Philippines.

ASSIGNOR

ASSIGNEE

Signed in the Presence of:

___________________ and __________________

ACKNOWLEDGMENT

Republic of the Philippines)


CITY OF DAVAO ) s.s.
X------------------------------x

BEFORE ME, a Notary Public for and in the City of Davao,


Philippines, this ____________,personally appeared, ______, _____,
______together with their competent evidence of identity as above
indicated which bear their photographs and signatures, known to me and
to me known to be the same persons who executed the foregoing DEED OF
ASSIGNMENT OF SHARES and they acknowledged to me that the same are
their own free voluntary act and deed.

This instrument refers to a DEED OF ASSIGNMENT OF SHARES


consisting of Three (3) pages including this page wherein this
acknowledgment is written.

WITNESS MY NOTARIAL SEAL.

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of 2024.

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