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This deed of assignment transfers ownership of common shares from an assignor to an assignee. The assignor legally owns shares in a corporation and agrees to assign them to the assignee for a specified monetary amount. Both parties agree to comply with applicable laws regarding the transfer. The assignor warrants the shares are unencumbered and the assignee will record the transfer. The parties and witnesses sign to execute the assignment.

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Ryan Uy
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73 views

This Portion Is Intentionally Left Blank.

This deed of assignment transfers ownership of common shares from an assignor to an assignee. The assignor legally owns shares in a corporation and agrees to assign them to the assignee for a specified monetary amount. Both parties agree to comply with applicable laws regarding the transfer. The assignor warrants the shares are unencumbered and the assignee will record the transfer. The parties and witnesses sign to execute the assignment.

Uploaded by

Ryan Uy
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Deed of Assignment

This Deed of Assignment (“Deed”) is executed by and among:

[name], married, of legal age, Filipino, and with residence at [address] (“Assignor”); and

[name], Filipino, married, with residential address at [address] (“Assignee”).

[Each of the Assignor and the Assignee is a “Party,” and collectively, the “Parties.”]

WHEREAS:

(1) The Assignor legally and beneficially owns common shares of, (“Subject Shares”), a corporation
duly organized and existing under Philippine laws; and

(2) The Assignor has agreed to assign, transfer, and convey the Subject Shares to the Assignee and
the Assignee has agreed to acquire and accept the Subject Shares under the terms and conditions
set forth hereunder;

NOW, THEREFORE, for and in consideration of the above premises and the agreements herein set forth,
the Parties and the Corporation agree as follows:

1. For and in consideration of Philippine Peso: _________________________ (PhP


____________________), the Assignor hereby absolutely, irrevocably and unconditionally assigns,
cedes, transfers, and conveys in favor of the Assignee all his/its rights, title and interest in and to
the Subject Shares.

2. The Assignor hereby represents and warrants that he/it shall comply with all applicable laws
and regulations as may be required for the valid and effective implementation and
consummation of the assignment of the Subject Shares as provided in this Deed.

3. The Assignor hereby warrants that the Subject Shares are free and clear of any liens or
encumbrances of any kind, whether by pledge, mortgage or other security arrangement to any
obligation.

4. The Assignee shall have full power and authority to cause the recording of the transfer of the
Subject Shares to its name and the issuance of the appropriate stock certificate covering the same.

5. This Deed may be executed in any number of counterparts, each of which when so executed and
delivered shall constitute an original and all together shall constitute one agreement.

[This portion is intentionally left blank.]


IN WITNESS WHEREOF, the Parties hereto have executed this Deed by them or by their authorized
representatives as of the date set first set forth above.

ASSIGNOR

With my marital consent:

[Name]

Signed in the Presence of:

WITNESS WITNESS

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


__________ CITY ) S.S.

BEFORE ME, a Notary Public for and in _________ City on this _____ day of ________ personally
appeared the following:

Name Competent Proof of Identity Place of Issue/Expiry Date

who were identified by me through competent evidence of identity to be the same persons who executed
the foregoing Deed of Assignment consisting of ____ (___) pages including the page where this
acknowledgment is written, and they severally acknowledged to me that the same is their true and
voluntary act and deed and that of the principals they represent.

IN WITNESS WHEREOF, I have hereunto signed and affixed my notarial seal at the place and
on the date first above written.

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of ____.
IN WITNESS WHEREOF, the Parties hereto have executed this Deed by them or by their authorized
representatives as of the date set first set forth above.

ASSIGNEE

With my marital consent:

Signed in the Presence of:

WITNESS WITNESS

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


__________ CITY ) S.S.

BEFORE ME, a Notary Public for and in _________ City on this _____ day of ________ personally
appeared the following:

Name Competent Proof of Identity Place of Issue/Expiry Date

who were identified by me through competent evidence of identity to be the same persons who executed
the foregoing Deed of Assignment consisting of ____ (___) pages including the page where this
acknowledgment is written, and they severally acknowledged to me that the same is their true and
voluntary act and deed and that of the principals they represent.

IN WITNESS WHEREOF, I have hereunto signed and affixed my notarial seal at the place and
on the date first above written.

Doc. No. ____;


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

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