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Deed of Assignment

This document is a Deed of Assignment between XYZ Company (the Assignor) and ABC Company Inc. (the Assignee). It assigns PHP 47,923,213 in deposits for future stock subscription from the Assignor to the Assignee. The Assignor had previously advanced these funds to the Assignee. In exchange, the Assignor will subscribe to 472,232 shares of stock in the Assignee at PHP 100 per share. Once formalities are completed, the Assignee will issue the shares to the Assignor.

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86 views2 pages

Deed of Assignment

This document is a Deed of Assignment between XYZ Company (the Assignor) and ABC Company Inc. (the Assignee). It assigns PHP 47,923,213 in deposits for future stock subscription from the Assignor to the Assignee. The Assignor had previously advanced these funds to the Assignee. In exchange, the Assignor will subscribe to 472,232 shares of stock in the Assignee at PHP 100 per share. Once formalities are completed, the Assignee will issue the shares to the Assignor.

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罗伊罗伊
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DEED OF ASSIGNMENT

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Assignment of Receivables executed this 2009 at (place of


execution), by and between:

XYZ COMPANY, a company organized and existing


under the laws of India, with address at TerXXXIndia, represented
by its (position) , (name) , hereinafter referred to as the
“Assignor”;

- in favor of -

ABC COMPANYINC., a corporation duly organized and


existing under and by virtue of Philippine laws, with principal
office at XXX City, hereinafter referred to as the “Assignee”.

WITNESSETH:

WHEREAS, the Assignor is a stockholder of record of the Assignee.

WHEREAS, the Assignor has advanced funds to the Assignee amounting to Forty
Seven Million Nine Hundred Twenty Three Thousand Two Hundred Thirteen Pesos (PhP47,
9XXX,2XX2.80), as of March 31, 20XX, as reflected in Assignee's Audited Financial
Statements for the year ended March 31, 20XX, as Deposits for Future Subscription.

WHEREAS, the Assignee has decided to issue 47XXX2 shares from its remaining unissued
capital stock as approved by its Board of Directors on January 19, 20XX9.

WHEREAS, Assignor has agreed to subscribe to the additional shares of stock of the
Assignee.

NOW THEREFORE, for and in consideration of its subscription to 4XX,232 shares


of stock at One Hundred Pesos (PhP100.00) par value per share, the Assignor hereby assigns
to Assignee, PhP47,XX3,200.00 of the Deposits for Future Subscription.

It is understood that once the necessary formalities have been accomplished/secured,


the Assignee shall accordingly issue the shares of stock, subject hereof, to the Assignor.

XYZ COMPANY
By:

(signature over printed name)

SIGNED IN THE PRESENCE OF


2

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


)S.S.

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


2009, personally appeared the following:

Name Passport No. Date and Place Issued

known to me and to me known to be the same persons who executed the foregoing instrument
and they acknowledged to me that the same is their own free and voluntary act and deed and
that the corporations they respectively represent.

WITNESS MY HAND AND SEAL on the date and the place first above-written.

Doc No. ;
Page No. ;
Book No. ;
Series of 2009.

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