DEED OF ASSIGNMENT
[Of one (1) CAMP
JOHN HAY GOLF CLUB, INC. membership share]
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Assignment, made
and entered this ____ day of January 1999, by and between:
ESCOLASTICO DEL PRADO, of legal
age, Filipino, married, with business address at c/o Poropoint
Construction Corporation, S-20 Highland Plaza, Amorsolo Street,
Makati City, hereinafter referred to as the ASSIGNOR;
SUNVAR PHILIPPINES, INC, a domestic
corporation duly organized and existing under Philippine law,
with office address at c/o Room 314, Heart Tower, 108 Valero
Street, Salcedo Village, Makati City, represented by its founding
partner, JOVEN NOBLE, hereinafter referred to as the ASSIGNEE;
WHEREAS, the ASSIGNOR is the
owner of one (1) membership share in CAMP JOHN HAY GOLF CLUB,
INC. ("SHARE"), as evidenced by a Certificate of Membership
No. 00973, a copy of which is hereto attached.
WHEREAS, the ASSIGNOR is willing
to assign, and the ASSIGNEE willing to accept, said SHARE by
way of this instrument;
NOW, THEREFORE, for and in consideration
of the amount of PESOS: ONE MILLION SIX HUNDRED AND FIFTY THOUSAND
(P 1,650,000.00), Philippine Currency, receipt in full is hereby
acknowledged by the ASSIGNOR, the ASSIGNOR does hereby assign,
cell, cede, transfer and convey in a manner that is absolute
and irrevocable the above SHARE unto the ASSIGNEE, free from
all liens and encumbrances.
Simultaneous with the execution
of this instrument, the ASSIGNOR shall endorse Certificate of
Membership No. 00973 by signing in the back thereof in favor
of the ASSIGNEE.
Any and all expenses incidental
to the conveyance and registration of the transfer from the name
of the ASSIGNOR to the name of the ASSIGNEE, such as documentary
stamp tax, transfer fees, registration expenses and the like
shall be the sole and exclusive account of the ASSIGNEE, except
for the capital gains tax, if any, which shall be for the sole
account of the ASSIGNOR.
IN WITNESS WHEREOF, the parties
have hereunto signed this DEED OF ASSIGNMENT on the date and
place first above written.
DEL PRADO SUNVAR
[TIN No. 134-675-324]
[TIN No. 001-924-900]
Signed in the presence
Republic of the Philippines)
Makati City, Metro Manila ) S.S.
BEFORE ME, a Notary Public for
and in the City of Makati, Metro Manila, personally appeared:
Escolastico del Prado
known to me to be the same persons
who executed the foregoing Deed of Assignment, consisting of
two (2) pages, including this page, with Francisco I. Chavez
signing for and behalf of the ASSIGNEE, and they acknowledged
to me that they executed the same as their free and voluntary
act and deed.
IN WITNESS WHEREOF, I have hereunto
set may hand and affixed my notarial seal this ____ day of ____________
Doc. No. ____;
Page No. ____;
Book No. ____;
Series of 2000.