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    Irrevocable Special Power of Attorney

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    Orlando Paylip
    The Seller sold shares of stock to the Buyer and remains the shareholder of record until the transfer is registered. The Seller irrevocably appoints the Buyer as its attorney-in-fact to exercise all rights as shareholder, including voting rights and rights to dividends, until the shares are recorded under the Buyer's name. This special power of attorney granted to the Buyer is irrevocable and will remain in effect until the share transfer is complete.

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    © All Rights Reserved
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    Irrevocable Special Power of Attorney

    Uploaded by

    Orlando Paylip
    465 views2 pages
    The Seller sold shares of stock to the Buyer and remains the shareholder of record until the transfer is registered. The Seller irrevocably appoints the Buyer as its attorney-in-fact to exercise all rights as shareholder, including voting rights and rights to dividends, until the shares are recorded under the Buyer's name. This special power of attorney granted to the Buyer is irrevocable and will remain in effect until the share transfer is complete.

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    Irrevocable Special Power of Attorney.docx

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    The Seller sold shares of stock to the Buyer and remains the shareholder of record until the transfer is registered. The Seller irrevocably appoints the Buyer as its attorney-in-fact to exercise all rights as shareholder, including voting rights and rights to dividends, until the shares are recorded under the Buyer's name. This special power of attorney granted to the Buyer is irrevocable and will remain in effect until the share transfer is complete.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    465 views2 pages

    Irrevocable Special Power of Attorney

    Uploaded by

    Orlando Paylip
    The Seller sold shares of stock to the Buyer and remains the shareholder of record until the transfer is registered. The Seller irrevocably appoints the Buyer as its attorney-in-fact to exercise all rights as shareholder, including voting rights and rights to dividends, until the shares are recorded under the Buyer's name. This special power of attorney granted to the Buyer is irrevocable and will remain in effect until the share transfer is complete.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    IRREVOCABLE SPECIAL POWER OF ATTORNEY

    RECITALS:

    (A) By virtue of a Deed of Assignment dated ,  (the “Seller”) sold its rights, title
    and interest in and to  shares of stock covered by Stock Certificate No.  (the
    “Shares”) in ABC Corporation (the “Corporation”) to  (the “Buyer”).

    (B) Pending the issuance by the Bureau of Internal Revenue of the Certificate
    Authorizing Registration and Tax Clearance Certificate in respect of the transfer
    of the Shares from the Seller to the Buyer in the books of the Corporation, the
    Corporate Secretary of the Corporation cannot yet record the transfer of the
    Shares in the name of the Buyer and, consequently, the Seller remains as
    stockholder of record of the Corporation despite the sale of the Shares to the
    Buyer.

    NOW, THEREFORE, in consideration of the foregoing, the Seller irrevocably nominates,


    constitutes and appoints the Buyer as its attorney-in-fact with full power and authority
    to exercise any and all of the Seller’s rights over the Shares and as a stockholder of the
    Corporation, including, but not limited to, the right to vote the shares and to receive all
    additional shares, options, rights, stock, cash and property dividends, interests and
    other sums to which the Shares may be entitled; as well as the right to sell, transfer
    convey and dispose of the Shares; and with full power and authority of delegation.

    This Special Power of Attorney is coupled with an interest and, once effective, is
    irrevocable and shall continue in full force and effect until the Shares are recorded in
    the name of the Buyer in the books of the Corporation.

    IN WITNESS WHEREOF, the Seller executed this Special Power of Attorney on  at .

    Seller

    SIGNED IN THE PRESENCE OF:

    ________________________ _________________________
    ACKNOWLEDGMENT

    Republic of the Philippines)


    City ) S.S.

    BEFORE ME, on this , in the City of , personally appeared the following:

     Tax Identification No.

    known to me to be the same person who executed the foregoing instrument, and
    who acknowledged to me that the same is their free act and deed.

    IN WITNESS WHEREOF, I have hereunto set my hand and seal on the date and
    at the place first above written.

    Doc. No. ____


    Page No. ____
    Book No. ____
    Series of 2016.

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