DECLARATION OF TRUST

AND DEED OF ASSIGNMENT

This Declaration of Trust and Deed of Assignment is executed on this __

day of __________ 2018 in ___________ City by:

(NAME), Filipino citizen, of legal age, with address at

___________________________ (referred herein as, “ASSIGNOR”);

-in favor of-

(NAME), Filipino Citizen, of legal age, with address at __________________

(hereinafter, the “ASSIGNEE”);

-with the conformity of-

___________________., a company duly organized and existing under and by

virtue of ________ laws with office address at ________________ (hereinafter, the
“PRINCIPAL”) represented by __________________;

RECITALS:

a) The Assignor appears on record as a pre-incorporation subscriber to one

(1) fully paid-up share of the capital stock of ___________. (“______”) with
a par value of _____ Peso (Php__.00) (the “Subject Share”);

b) The Subject Share was registered in the name of the Assignor as a nominee
of the Principal who is the beneficial owner of the Subject Share and who
has provided the subscription payment therefor;

c) The Assignor and the Principal desire to terminate the aforesaid trust
arrangement by way of assignment of all the rights, title, and interest of
the new Assignor in and to the Subject Share in favor of the Assignee, as
the new nominee of the Principal;

For and in consideration of the foregoing premises, the parties hereby agree as
follows:

1. The Assignor hereby confirms that he holds all the rights, title, and
interest in and to the Subject Share in trust for, and for the benefit of, the
Principal, and that the beneficial ownership thereto pertains to the
Principal.

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 2. The Assignor, by way of terminating the trust arrangement, hereby
absolutely and irrevocably transfers, assigns, and conveys all of his rights,
title, and interests in and to the Subject Share in favour of the Assignee in
accordance with the instruction of the Principal, and the Assignee hereby
accepts this assignment.

3. The Assignee hereby likewise accepts his designation by the Principal as a

new nominee of the Principal in respect of the Subject Share and agrees to
execute a separate nominee agreement with the Principal;

4. The Assignee is hereby given full power to do any and all acts necessary
to effect the transfer of the legal title to the Subject Share to his name
including, but not limited to, the registration of this assignment in the
corporate books of the Principal.

IN WITNESS WHEREOF, the parties have hereunto affixed their

respective signatures on this ____ day of __________ in _______________.

ASSIGNOR: ASSIGNEE:

_______________________________ _______________________________
(name) (name)

PRINCIPAL:
____________________________
By:

_______________________________
(Name)

SIGNED IN THE PRESENCE OF:

___________________________ ___________________________

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 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF ________ ) S.S.

BEFORE ME, a Notary Public for and in _______ City, Metro Manila,
Philippines on this ____ day of ____________ 2018, personally appeared the
following with their respective competent evidence of identity, to wit:

Competent Evidence
Name Date & Place of Issuance
of Identity
(Assignor)
(Assignee)
(Principal)

known to me and to me known to be the same persons who executed the

foregoing Deed of Declaration of Trust and Deed of Assignment and who
acknowledged to me that the same is their free will and voluntary act and deed.

This Deed consists of three (3) pages and has been duly signed by the
above-named parties and their instrumental witnesses on each and every page
thereof.

WITNESS MY HAND AND NOTARIAL SEAL on the date and place

first above written.

NOTARY PUBLIC

Doc. No. ___;

Page No. ___;
Book No. ___;
Series of 2018.