This document is a deed of assignment transferring shares of stock in xxxx Corporation from the assignor to the assignee. The assignor owns xxxx common shares with a par value of Php xxxx in the corporation. For a total amount of Php xxxx, the assignor assigns and transfers ownership of the shares to the assignee free from all liens and encumbrances. Expenses related to the transfer such as taxes and fees are the responsibility of the assignee, except for any capital gains tax which is the responsibility of the assignor.
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Deed of Assignment
This document is a deed of assignment transferring shares of stock in xxxx Corporation from the assignor to the assignee. The assignor owns xxxx common shares with a par value of Php xxxx in the corporation. For a total amount of Php xxxx, the assignor assigns and transfers ownership of the shares to the assignee free from all liens and encumbrances. Expenses related to the transfer such as taxes and fees are the responsibility of the assignee, except for any capital gains tax which is the responsibility of the assignor.
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DEED OF ASSIGNMENT
of Shares of Stock in xxxx CORPORATION
SO THE PUBLIC MAY KNOW:
This Deed of Assignment is entered into by and between the following
parties on _________________ at _________________, Philippines:
xxxx, of legal age, Filipino, single, and a resident of xxxx, of
whom shall hereinafter be referred to as the “ASSIGNOR”;
-and-
xxxx, of legal age, Filipino, and a resident of
_________________________________, Philippines, of whom shall hereinafter be referred to as the “ASSIGNEE”.
RECITALS
WHEREAS, the Assignor is the owner of xxxx (xxxx) common
shares of stock with a par value of xxxx (Php xxxx) in xxxx CORPORATION, a corporation duly organized and existing under the laws of the Republic of the Philippines, with business address at xxxx.
WHEREAS, the Assignor is willing to assign, and the Assignee is
willing to accept the Assignor’s common shares of stock in xxxx CORPORATION, by way of this instrument under the following manner:
STOCKHOLDER NO. OF SHARES AMOUNT (Php)
NOW THEREFORE, for a total amount of xxxx (Php xxxx_, the
Assignor hereby assign, sell, cede, transfer and convey in a manner that is absolute and irrevocable a part of his common shares of stock in xxxx CORPORATION, unto the Assignee, free from all liens and encumbrances.
Any and all expenses incidental to the conveyance and registration of
the transfer from the name of the Assignor to the name of the Assignee, such as documentary stamp tax, transfer fees, registration expenses and the like shall be the sole and exclusive account of the Assignee, except for the capital gains tax, if any, which shall be for the sole account of the Assignor. IN WITNESS WHEREOF, the parties and their witnesses affix their signatures on _________________ at _________________, Philippines.
xxxx xxxx TIN xxxx TIN xxxx
Signed in the presence of:
(signature over printed name) (signature over printed name)
REPUBLIC OF THE PHILIPPINES ) ) S.S.
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, on ___________________ at
___________________, Philippines, the following persons appeared:
NAME COMPETENT DATE AND PLACE
EVIDENCE OF OF ISSUANCE IDENTITY
All known to me to be the same persons who executed the foregoing
instrument and they acknowledged before me that the same is their own free and voluntary act and deed of the corporations that they represent.
The foregoing instrument relates to the DEED OF ASSIGNMENT OF
SHARES OF STOCK IN xxxx CORPORATION, consisting of THREE (3) PAGES including the page on which this acknowledgment is written, and has been signed by the parties and their instrumental witnesses on each and every page, and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, on the date and place mentioned