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Deed of Sale of Stocks
Deed of Sale of Stocks
Deed of Sale of Stocks
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)____________ shares )!Sub3ect Shares" , as well as all the rightsand obligations appurtenant
thereto, to the 4uyer and the 4uyer is willing to buyand ac5uire the Sub3ect Shares, under
the terms and conditions set forth herein#
NOW, THEREFORE
, f o r a n d i n c o n s i d e r a t i o n o f t h e p r e m i s e s a n d m u t u a l co-enants herein, the
parties hereby agree as follows:Section */
Sale
/ 6 S u b 3 e c t t o S e c t i o n 7 h e r e o f , t h e S e l l e r , f o r - a l u a b l e consideration,
hereby unconditionally sells, cedes, transfers and con-eys, and the4uyer hereby
purchases, the Sub3ect Shares, free and clear from any and all liens orencumbrances/Section 7/
Purchase Price
/ 6 8s full payment for the Sub3ect Shares,
the4 u y e r s h a l l p a y t h e S e l l e r t h e f u l l a m o u n t o f _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ % e s o s )%________/22 , %hilippine currency, receipt of which in full
is hereby acknowledgedby the Seller/Section 9/
Warranties
/ 6 T h e S e l l e r w a r r a n t s a n d r e p r e s e n t s t h a t t h e Sub3ect Shares are free
and clear from any and all liens and encumbrances, andthat it has full power and authority
to transfer the same/Section /
Release and Discharge.
; The 4uyer, upon execution of thisDeed, hereby undertakes to guarantee and assume all the
obligations of the Sellerarising out of or in connection with the latter<s ownership and
interests o-er theSub3ect Shares of the Corporation/ 8ccordingly, the 4uyer hereby
releases andd i s c h a r g e s t h e S e l l e r f r o m a n y l i a b i l i t y a r i s i n g o u t o f o r i n
c o n n e c t i o n w i t h t h e Sub3ect Shares/Section =/
Irrevocable Proxy
/ 6 >pon the signing of this Deed, the Sellerh e r e b y a p p o i n t s t h e 4 u y e r a s i t s
duly constituted %0&?@, with full power andauthority to represent and -
o t e t h e S u b 3 e c t S h a r e s a t a n y a n d a l l s t o c k h o l d e r s < meetings, or at
any ad3ournment thereof, on all matters that may be brought beforesaid meetings, including the
election of directors, as fully to all intents and purposesas the Seller might do if present and acting/