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Subscription Contract

The subscription contract is between [CORP] and [NAME] for the sale and purchase of 8,460,000 shares of stock at a subscription price of P84,600,000, which [NAME] has paid through [MODE]. The contract confirms the sale and purchase of shares and is signed by representatives of the corporation and the subscriber.

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Inean Tolentino
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7K views

Subscription Contract

The subscription contract is between [CORP] and [NAME] for the sale and purchase of 8,460,000 shares of stock at a subscription price of P84,600,000, which [NAME] has paid through [MODE]. The contract confirms the sale and purchase of shares and is signed by representatives of the corporation and the subscriber.

Uploaded by

Inean Tolentino
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SUBSCRIPTION CONTRACT

KNOW ALL PERSONS BY THESE PRESENTS:

This subscription contract is made and entered this ______ day of _________ by and
between:

[CORP]., a corporation organized and existing under the laws of the Philippines, with
principal address [ADDRES], duly represented by its President [NAME] age, Filipino and
resident of [ADDRESS] and Treasurer [NAME] legal age, Filipino and resident [ADDRESS]
(referred herein as “CORPORATION”)

and

[NAME] of legal age, Filipino with residence at [ADDRESS] (referred herein as,
“SUBSCRIBER”)

W I T N E S S E T H : THAT-

WHEREAS, the Corporation has an authorized capital stock of Fifteen Million


Pesos (P15,000,000.00).

WHEREAS, on ______________ the Board of directors and stockholders of the


Corporation have approved the increase of its authorized capital stock to One Hundred
Fifty Million Pesos (P150,000,000.00) divided into Fifteen Million (15,000,000) shares, with
a par value of Ten Pesos (P10.00), per share.

WHEREAS, the corporation has offered to sell shares of stock from the said increase
of capital and the Subscriber is willing and ready to buy the same.

NOW THEREFORE, in consideration of the foregoing and the subscription price


indicated hereunder:

1. The Corporation has issued to the Subscriber the following shares of stock:

NO. OF SHARES SUBSCRIPTION PRICE


8,460,000 P84,600,000.00

2. Of the subscription price, the Subscriber has paid to the Corporation the amount of
Eighty Four Million Six Hundred Thousand Pesos (P84,600,000.00) through
[MODE].

3. The parties hereby confirm the foregoing, upon the signing of this subscription
contract.

IN WITNESS WHEREOF, the parties have hereunto signed this subscription contract
on the date above stated.

[NAME]
(Corporation)

By:______________________________ :______________________________
[NAME] [NAME]
(President) (Subscriber)
______________________________
[NAME]
(Treasurer)

ACKNOWLEDGEMENT

Republic of the Philippines)

_______________________ ) S.S.

BEFORE ME, a Notary Public in and for ______________________, Philippines, this


____________day of ________, ________ personally appeared

Name TIN/ ID/ Passport No. PLACE/DATE ISSUED

All known to me and to me known to be the same persons who executed the foregoing
Subscription Contract and they acknowledged to me that the same is their free and voluntary
act and deed.

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial


seal on the date at the place first above written.

NOTARY PUBLIC

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of 2019.

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