DEED OF ASSIGNMENT

This Deed of Assignment made and executed this _________________, by and

between:

_____________________ of legal age, Filipino, and with address at

__________________, hereinafter referred to as the “ASSIGNOR”

- and –

______________________, of legal age, Filipino and with address

at______________________________________________, hereinafter
referred to as the “ASSIGNEE”,

WITNESSETH That –

WHEREAS, the ASSIGNOR is the subscriber of __________ common shares of

stock (the “Share”) of O__________(the “Corporation”) with a par value of
__________ (Php______.00) per share, or equivalent to ______________, which have
been fully paid;

WHEREAS, the ASSIGNOR desires to transfer and assign unto the

ASSIGNEE the Share in order to qualify him as a director of the Corporation and the
ASSIGNEE desires to acquire the same;

NOW, THEREFORE, for and in consideration of the premises, the parties

have agreed as follows:

1. For and in consideration of the amount of _______________

(Php________.00), receipt of which is hereby acknowledged by the
ASSIGNOR, the ASSIGNOR hereby transfers, assigns and conveys unto the
ASSIGNEE title and interest over the Share in the Corporation.

2. The ASSIGNOR hereby irrevocably authorizes and instructs the Corporate

Secretary of the Corporation to record the transfer of the Share in favor of the
ASSIGNEE as described herein in the books of the Corporation.

3. The ASSIGNOR hereby irrevocably appoints, authorizes and designates the

ASSIGNEE to transfer and/or cause the transfer of the Share in the books of the
Corporation with full power of substitution in the premises.

4. This Deed of Assignment may be executed in one or more counterparts, and by

the Parties on separate counterparts, but shall not be effective until each Party
has executed at least one counterpart and each such counterpart shall constitute
an original of this Deed of Assignment but all the counterparts shall together
constitute one and the same instrument.    

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 IN WITNESS WHEREOF, the parties have executed this Deed of Assignment on
the date first above written.

____________________ _________________
ASSIGNOR ASSIGNEE

Signed in the presence of

_________________________ _______________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

City of ) S.S.

BEFORE ME, personally appeared the following persons:

NAME Passport No. / Date of Issue- Place Issued

TIN / Driver’s Date of Expire
License

TIN

TIN

known to me and to be known to be the same persons who executed the foregoing Deed
of Assignment consisting of two (2) pages, including this Acknowledgment portion,
signed by them and their instrumental witnesses and they acknowledged that they
executed the same with their free voluntary act and deed.

WITNESS MY HAND AND SEAL this _____________________ in

______________________.

Doc. No. ______

Page No. ______
Book No. ______
Series of 2020.

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