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This Agreement, made and executed by and between Bartholomew Allen and
Iris West-Allen, owners and holders of shares of the capital stock of Flash
Consolidation Enterprises Corporation, Inc., a corporation organized and existing under
the laws of the Philippines, and any other owners and holders of shares of the capital
stocks of the said corporation who may hereafter become parties hereto, each for
himself and not for the others, hereinafter called the STOCKHOLDERS, and Oliver
Queen and Thea Queen, hereinafter called the TRUSTEES.
WITNESSETH:
WHEREAS, the STOCKHOLDERS have this day transferred and delivered to the
TRUSTEES certificates for fully paid shares ONE HUNDRED FIFTY THOUSAND
PESOS (P150,000) each, of the capital stock of the above-named corporation, as
follows:
NOW, THEREFORE:
1. The TRUSTEES do hereby promise and agree with the STOCKHOLDERS
individually that the TRUSTEES will cause to be issued and delivered to each
of said STOCKHOLDERS individually, a certificate for the number if shares
transferred and delivered to the TRUSTEES, as above set forth in
substantially the following form:
2. That five years hereafter, i.e., on 6th day of March 2025, the TRUSTEES in
exchange for and upon the surrender of the aforesaid voting trust certificates
then outstanding will, in accordance with terms thereof, deliver or cause to be
delivered proper certificates of equivalent amount of the Flash Consolidation
Enterprises Corporation, Inc;
5. Any and all dividends which may at any time during the pendency of this
agreement be declared upon the shares of stock subject to this agreement
and which shall be paid in cash to the outstanding voting trust certificates.
IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this 6 th day
of March 2020 at Angeles City, Philippines.
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the Angeles City personally appeared:
This document consists of three (3) pages, including this page is written and
signed by the parties concerned and their instrumental witnesses, on each and every
page thereof.