DEED OF ABSOLUTE SALE
OF SHARES OF STOCK
KNOW ALL MEN BY THESE PRESENTS
This Deed of Absolute Sale of Shares of Stock (“Deed”) is made and executed this 19th
day of May, 2022, by and between:
CYRUS VAN NADELA MUTIA, Filipino, of legal age,
with residence at Deca Homes P2 B10 L19 Hassium St.,
Tungkil Minglanilla, 6046 Cebu, Philippines and
hereinafter referred to as the “SELLER”;
-andJOEL LIENARD, Filipino, of legal age, with residence at
________________________________ and hereinafter referred
to as the “BUYER”.
(SELLER and BUYER are jointly hereinafter referred to
as the “PARTIES”.)
WITNESSETH: That
WHEREAS, the SELLER is the stockholder and/or subscriber of record to One (1)
common shares of stock of ARCHAX pH7 INCORPORATED, a corporation duly
organized and existing under and by virtue of the laws of the Philippines, with
principal office at 41/F, G.T. International, 6813 Ayala Avenue, H.V. Dela Costa St.,
Bel-Air Makati City, with an aggregate par value of One Hundred Pesos (P100.00)
(hereinafter “Shares”);
WHEREAS, the SELLER wishes to sell and/or assign all his rights, titles and
interests in the Shares in favor of the BUYER, and the BUYER wishes to acquire
and/or receive said shares from the SELLER, under the terms and conditions
hereinafter set forth.
NOW THEREFORE, for and in consideration of the mutual covenants and
agreements contained herein, and subject to the terms and conditions hereof, the
PARTIES do hereby agree as follows:
1.
For and in consideration of One Hundred Pesos (P 100.00), receipt of which
is hereby acknowledged by the SELLER, the SELLER absolutely sells,
assigns, and conveys unto and in favor of the BUYER, and the BUYER buys,
receives and acquires from the SELLER, all of the SELLER’S rights, titles
and interests in the Shares, free from all liens and encumbrances of
whatsoever nature.
2.
The SELLER hereby authorizes the BUYER to apply for, process and secure
a Certificate Authorizing Registration, prepare, execute, file, pay and submit
supporting documents, tax payment deposit slips and tax returns/ e-forms on
SELLER’s behalf.
3.
The SELLER covenants and agrees, and hereby authorizes the Corporate
Secretary of the above-named corporation to enter the transfer of shares in the
corporate books.
4.
The PARTIES represent and warrant that they are fully authorized and
capacitated to enter into this Deed and to perform the obligations hereunder.
5.
If any provision of this Deed is declared void or unenforceable by any
competent court of authority, the other provisions which are capable of
severance from the defective provisions shall continue to be effective.
6.
This Agreement shall take effect from the date hereof.
7.
This Deed may be executed in one (1) or more counterparts, each of which shall
be deemed to be an original, but all of which shall constitute one and the same
deed.
IN WITNESS THEREOF, the PARTIES have signed this DEED on the
date first above written.
____________________________________
JOEL LIENARD
_________________________________
CYRUS VAN NADELA MUTIA
REPUBLIC OF THE PHILIPPINES )
CALOOCAN CITY
) S.S.
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in ____________________________, this ______
day of May 2022, personally appeared the following:
Name
TIN Number
CYRUS VAN NADELA MUTIA
JOEL LIENARD
known to me to be the same persons (and on the basis of competent evidence of
identity) who executed this Deed of Absolute Sale of Shares of Stocks consisting of
three (3) pages, including this page on which this Acknowledgment is written, duly
signed by the parties and their instrumental witnesses, and they acknowledged to me
that the same is their free and voluntary act and deed and that of the corporation
represented herein.
WITNESS MY HAND AND SEAL on the date and at the place first herein above
stated.
NOTARY PUBLIC
Doc. No. _____;
Page No._____;
Book No._____;
Series of 2022.