Company:

Class of Shares:
Percentage of subscribed capital:
Subscribed shares:
Amount:
Paid-up:
Par value:

DECLARATION OF TRUST

I, ________________, of legal age, Filipino citizen, single, with postal and residence
address at _______________________________, hereby solemnly and sincerely declare as
follows:

1. THAT the shares now standing in my name represent ___% of the registered
subscribed shares of ______________________ (hereinafter called the “Share”), a
corporation duly organized and existing under the laws of the Philippines, with
office address at ___________________________, do not belong to me but to
__________________________________ (hereinafter called the “Beneficial
Owner” which expression shall include his/her successors in title and assigns).

2. THAT I hold the Share and all dividends and interests accrued or to accrue in trust
for the Beneficial Owner and I undertake to transfer and deal, in all respects, and
to pay the Share and any dividends, interest, and other benefits thereon and
accretions thereto in such manner as the Beneficial Owner shall from time to time
direct.

3. THAT I undertake that I shall, at the request of the Beneficial Owner, to transfer
the Share to the Beneficial Owner or as the Beneficial Owner may direct.

4. THAT I undertake that I shall, at the request of the Beneficial Owner, attend by
virtue of being the registered holder of the Share and shall vote, at any such
meetings, in such manner as directed by the Beneficial Owner.

IN WITNESS WHEREOF, the Parties have hereunto affixed their signature on the date and
place first written above.

__________________
Trustee

SIGNED IN THE PRESENCE OF:

______________________________ _______________________________