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Deed of Donation-TAN-05262023
Deed of Donation-TAN-05262023
- and –
That the DONOR is a single parent and a businessman who has business
interests in corporations operating in the Philippines.
NOW THEREFORE, for and in consideration of the love and affection which
the DONOR has for the DONEE, the said DONOR hereby TRANSFERS, GIVES and
CONVEYS unto the DONEE, her heirs and assigns, the amount of FIVE
HUNDRED THOUSAND PESOS (Php 500, 000. 00), on a monthly
payment basis, within a period of twenty (20) years, in case of death of
the DONOR, in the form of cash dividends of the DONOR’S corresponding share
to the Corporation which may be considered by the Board of Directors and
Officers of MARIBENI and STANDECO as the rightful share of the DONOR, from
the mentioned Corporations, subject to the settlement of the DONOR’s estate, as
above-mentioned; from the income taken from whatever may be considered as
share of the DONOR, arising from his interests in MARIBENI and STANDECO,
after the settlement of the estate of the DONOR, in consideration of his mortal
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peril, all of which to take effect upon the death of the DONOR, subject to
the following conditions:
That the proceeds of the amount mentioned above be processed and
released to the DONEE by the incumbent President and Treasurer of MARIBENI
and STANDECO, at the time of death of DONOR, in accordance with the internal
processes of the mentioned Corporations;
That, further, upon death of the DONOR in which the Deed of Donation
shall take effect, in case the DONEE becomes sick, terminally ill, diagnosed of
certain life threatening ailments or diseases, under circumstances that renders
the DONEE incapable of receiving the proceeds of the donation or should die
within the period of the twenty (20) years mentioned as the term of the
donation, the proceeds of the donation, for the remaining period of the twenty
(20) years, shall be given to BEA CHARLIZE V. TAN, without any condition,
subject to the same terms and conditions between the DONOR and DONEE
under this Deed of Donation;
That, further, if the DONEE should die before the DONOR, the present
Donation shall be deemed rescinded and of no further force and effect;
That, further, the DONEE hereby accepts this donation and hereby
expresses her gratitude for the kindness, generosity and liberality of the DONOR;
That, finally, the DONOR hereby reserves unto him the right to possess
and control his income, shares and other interests in MARIBENI and STANDECO,
as true owner thereof, before his death, without the need of prior consent or
approval by the DONEE.
IN WITNESS WHEREOF, the DONOR and the DONEE have hereunto set
their hands on this (Date of Signing) at (Place of Signing), Philippines.
_________________________ ________________________
Wendy So Lily So
____________________________
Erwin Tan
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ATTESTATION OF WITNESSES
___________________________
Wendy So Address
___________________________
Lily So Address
___________________________
Erwin Tan Address
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REPUBLIC OF THE PHILIPPINES )
__________________________ ) S.S.
ACKNOWLEDGMENT
WITNESS MY HAND & SEAL on the place and date above written.
NOTARY PUBLIC
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Series of 2023.
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