DEED OF RESCISSION

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Rescission is made and entered this _____________, by and between:

[NAME], Filipino, of legal age, with address at [insert address], and

hereinafter referred to as the “SELLER”;

-and-

[NAME], Filipino, of legal age, with address at [insert address], and

hereinafter referred to as the “BUYER”.

WITNESSETH: That

WHEREAS, on [date of Deed of Assignment], the parties executed a Deed of

Assignment over ____ (x) shares of the capital stock of [insert corporation name], which
transaction was entered into in the notarial book of Notary Public __________________ as Doc.
No. ____; Page No. ___; Book No. ___; Series of _____, a copy of which is hereto attached as
Annex A;

WHEREAS, the parties wish to CANCEL, RESCIND and ANNUL said Deed of
Assignment;

NOW, THEREFORE, in consideration of the foregoing premises, the parties hereby

unconditionally CANCEL, RESCIND, ANNUL and declare without legal effect whatsoever the
Deed of Assignment executed by the parties on [insert date of Deed of Assignment].

IN WITNESS WHEREOF, the parties have hereunto set their hands on this
_____________ at Makati City.

NAME OF SELLER NAME OF BUYER

Seller Buyer

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

________ CITY, METRO MANILA)S.S.

BEFORE ME, a Notary Public for and in _________ City on ____ day of ________ 2019
at __________ City, appeared the following with their government IDs set forth after their
respective names:
 NAME Government-issued ID Place/Date Issued

who are personally known to me, and/or have satisfactorily proven to me their respective
identities through competent evidence, to be the same persons who executed the foregoing
Deed of Rescission consisting of (__) pages including this page on which the Acknowledgment
is written, duly signed by them, who acknowledged to me that the same is their respective free
and voluntary act and deed.

WITNESS MY HAND AND SEAL.

Doc No. _____;

Page No. ____;
Book No.____;
Series of 2019.