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DEED OF ASSIGNMENT OF SUBSCRIPTION RIGHTS

Know All Men By These Presents:

This Deed of Assignment of Subscription Rights [or Deed] is made by


and between the parties signing below.

Witnesseth:

Whereas, the Assignor has subscribed to SEVEN HUNDRED SIXTY (760)


common shares of stock (or Shares) of
________________________________________________, or
Company) each with a par value of One Thousand (Php 1,000.00) Pesos per
share;

Whereas, the Assignor has not yet paid for the Shares and, therefore, has
a continuing obligation to the Company to pay for them whenever payment
is called or demanded by the Company;

NOW, THEREFORE, the parties hereby agree as follows:

1. The Assignor hereby assigns, transfers and conveys to the Assignee all
his/her rights, claims and interests, including all obligations attached, to
____________________ (_____) Shares of the Company.

2. No valuable consideration is received by the Assignor from the Assignee


with the execution of this Deed except to be absolved of any further
liability to the Company as a result of the promise and commitment of the
Assignee to be fully and solely responsible, effective immediately upon the
signing hereof, for the payment of the Assigned Shares when payment is
duly called or demanded by the Company.

3. The Assignor authorizes the Assignee and the Corporate Secretary of the
Company to record this assignment in the books of the Company.

IN WITNESS WHEREOF, the parties have signed this Deed on this ___ day
of __________________ 20____ at _________________________.

______________________________ ______________________________
Assignor Assignee
Address:______________________________ Address:_______________________________
_ _______________________________
_______________________________ _
_ TIN: ______________
TIN: ______________ Govt. I.D. :____________
Govt. I.D. :____________

Signed in the presence of:

___________________________ ___________________________
Acknowledgement

BEFORE ME, a Notary public, personally appeared the above-named


persons presenting an integrally complete instrument or document entitled
entitled Deed of Assignment of Subscription Rights consisting of one (1) page,
including this page, and is attested to be personally known to me or identified by
me through competent evidence of identity as defined by the Rules on Notarial
Practice of 2004, and they represent to me that the signatures on the instrument
or document was voluntarily affixed by them for the purposes stated in the
instrument or document as their free and voluntary act and deed, and, if they
act in a particular representative capacity, that they have the authority to sign in
that capacity.

Witness my hand and seal this ____ day of ________________, ______.

Doc. No. _______;


Page No. _______;
Book No. _______;
Series of _______.

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