Deed Of Assignment Of Ar 1h4o4r

DEED OF ASSIGNMENT OF S RECEIVABLES KNOW ALL MEN BY THESE PRESENTS This Deed of Assignment, made and executed by: xxxx, a corporation duly organized and existing under the law of Republic of the Philippines, with principal office at xxx represented by xxx , President, and xxx, xxx, and hereinafter referred to as the "ASSIGNOR". -in favor ofxxx, a government financial institution duly organized and existing by virtue of Republic Act No. 6977, otherwise known as the "Magna Carta for Small Enterprises", as amended by RA 8289 and RA 9501, with principal office located at the 17th and 18th Floors, 139 Corporate Center, 139 Valero Street, Salcedo Village, Makati City, represented herein by xxx, Group Head, Southern Luzon Group, and hereinafter referred to as the “ASSIGNEE ”. WITNESSETH: WHEREAS, the ASSIGNOR has applied for and has been granted a loan by the ASSIGNEE in the principal amount of PESOS: xxx (P xxx) Philippine Currency as evidenced by a Loan Agreement dated _____________ . NOW, THEREFORE, for and in consideration of the foregoing premises and as security for the payment of the LOAN, the ASSIGNOR has assigned, transferred and conveyed and by these presents hereby assign, cede, transfer, convey and turn over unto the ASSIGNEE, its successors or assigns, all its rights and interest in and to the following s receivables of at least xxx xxx xxx PESOS (P xxx) and/or proceeds of such receivables from all current or succeeding clients receivables, if any, or if applicable, of the ASSIGNORS. That the ASSIGNOR by these presents, does hereby APPOINT said ASSIGNEE as its true and lawful Attorney-In-Fact for and in its place, name and stead to DEMAND, COLLECT and RECEIVE from the ASSIGNOR’S clients and borrowers, any or all payments due to the ASSIGNEE by virtue of this DEED, and upon receipt by said ASSIGNEE of said payment and/or payments, the same are to be applied to the payment of indebtedness herein secured. This DEED shall be irrevocable until the loan accommodation of PESOS: xxx (Pxxx) is PAID IN FULL. IN WITNESS WHEREOF, the ASSIGNOR has caused this DEED to be signed this _________________ at Makati City. Executed by: xxx By:

_________________________ xxx

_________________________________ xxx

SB Corp-QP-01-RL-F45

Conformed by: SMALL BUSINESS CORPORATION

______________________________ xxx ASSIGNEE .SIGNED IN THE PRESENCE OF:

______________________________

___________________________

A C K N O W L E D G M E N T REPUBLIC OF THE PHILIPPINES) S.S. Makati City ) BEFORE ME, a Notary Public for and in Makati City, Philippines, on this ___________day of ______________________, ______, personally appeared : NAME

BIR TIN No.

COMM. TAX CERT. NO.

DATE/PLACEISSUED

known to me and to me known to be the same person(s) who executed the foregoing instrument consisting 2 pages and who acknowledged to me that the same is his/their free and voluntary act and deed and of the corporation they represent. WITNESS MY HAND AND SEAL this ____day of ____________, _____. Notary Public Doc. No. _____; Page No. _____; Book No. _____; Series of _____.

SB Corp-QP-01-RL-F45