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a corporation duly
organized and existing under the laws of the Republic of the Philippines, with principal office address at
, herein represented by its of legal age, with residence at hereinafter referred to as
"PRINCIPAL"
-and-
of legal age, Filipino citizen and with residence at , hereinafter referred to as the
"TRUSTEE”
WITNESSETH:
WHEREAS, PRINCIPAL is the registered owner of a total of shares of the capital stock
of ,broken down as follows:
-
-
-
-
-
-
-
Total
WHEREAS, the PRINCIPAL desire to transfer the voting rights over the Subject
Shares to the TRUSTEE;
NOW THEREFORE and in consideration of all the foregoing and the terms set forth hereunder, the PARTIES
hereby agree that:
1. The PRINCIPAL have this day deilvered to the custody of TRUSTEE the
certificates covering the Subject Shares.
2. The TRUSTEE shall have full power and authority to vote upon the Subject
Shares, as in the judgment of the TRUSTEE, may be for the best interest of the Corporation, including but not
limited to the right to vote for every corporate purpose, in the election of directors of the Corporation and upon
any and all matters and question which may be brought before the stockholders during such meetings.
3. The TRUSTEE shall collect and receive all dividends that may accrue upan tha Subject Sharea, and prompily
remit the same to the PRINCIPAL.
4. The trust hereby created shall be irrevocable and binding for three (3) years from date hereof.
IN WITNESS WHEREOF, the parties hereto have set their hands this day of 2009, in
, Philippines.
PRINCIPAL:
TRUSTEE:
ACKNOWLEDGEMENT
All known to me to be the same persons who executed the foregoing instrument and they acknowledged to me
that the same are their free and voluntary act and deed and the free and voluntary act and deed of the corporation
they represent.
This instrument consists of two (2) pages, including the page on which this acknowedgment is written
and was signed by the parties and their instrumental witnesses on each and every page thereof.
WITNESS MY HAND and SEAL, at the place and on the date first above-mentioned.
Doc. No. ; NOTARY PUBLIC
Page No.: ;
Book No. ;
Series of 2016.