DEED OF ASSIGNMENT With DEED OF TRUST
DEED OF ASSIGNMENT With DEED OF TRUST
- and -
MEHRAN NIA, of legal age, American, and resident of 1039 Centinela Avenue, Sta. Monica,
CA, U.S.A. 90403, and hereafter referred to as the “ASSIGNEE”.
WITNESSETH: THAT-
WHEREAS, the ASSIGNOR is a stockholder and holds certain shares of stock of MBS Tek Corporation, a
corporation organized and existing under and virtue of the laws of the Republic of the Philippines with office
address at Astillero Building, Oro Site, Legazpi City, Philippines;
WHEREAS, the ASSIGNOR desires to assign One (1) of its shares, as well as all his rights and interests
accruing therefrom, in favor of the ASSIGNEE;
NOW, THEREFORE, for and in consideration of the foregoing premises and, for good and valuable
consideration, the receipt whereof is hereby acknowledged to the full satisfaction of ASSIGNOR, the ASSIGNOR
does hereby cedes, transfers and conveys, in a manner absolute, all its rights, interests and title to and in the
aforementioned One (1) common shares of MBS Tek Corporation, including all its rights appurtenant thereto, in
favor of the ASSIGNEE and the ASSIGNEE hereby accepts the same.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands on the date and at the place first
above written.
U.S. AUTO PARTS NETWORK, INC. MEHRAN NIA
Assignor Assignee
SIGNED IN THE PRESENCE OF:
ACKNOWLEDGMENT
]
] S.S.
All known to me and known to be the same persons who executed the foregoing DEED OF ASSIGNMENT
consisting of three (3) pages including this page, and acknowledged to me that the same is of their free and
voluntary act and of the persons herein represented.
Notary Public
Doc. No. ;
Page No. ;
Book No. ;
Series of 2006
.
DECLARATION OF TRUST
- and -
MEHRAN NIA, of legal age, American, and resident of 1039 Centinela Avenue, Sta. Monica,
CA, U.S.A. 90403, and hereafter referred to as the “TRUSTEE”.
WITNESSETH: THAT-
WHEREAS, the TRUSTEE appears in the stock and Transfer Book of MBS Tek Corporation, a corporation
organized and existing under Philippine Laws as the registered owner of One (1) share of stock of the said
Corporation (the “Share”) on the strength of a Deed of Assignment dated executed by and between the
TRUSTEE and TRUSTOR;
1.1 The absolute title and ownership of the TRUSTOR over the property;
1.2 His role as TRUSTEE and agent of TRUSTOR to hold naked title to the Share for and in behalf of
the TRUSTOR;
2. The TRUSTEE and the TRUSTOR agree that all income derived from or earned on the Share shall be for
the exclusive account and benefit of the TRUSTOR, and the TRUSTEE shall deliver the same to the TRUSTOR, or
to whomsoever the latter may designate.
3. With respect to the income referred to in part 2, the TRUSTOR warrants and hereby undertakes to hold the
TRUSTEE free and harmless from liability for any and all taxes that may be due therein.
5. The TRUSTOR shall indemnify, defend and hold harmless the TRUSTEE and/or his representatives from
and against any losses, liabilities, damages, claims, actions, judgments, cost and expenses arising from or as a
consequence of the TRUSTEE’s holding on the Share in trust for the TRUSTOR, and for all acts performed by the
TRUSTEE pursuant to the instructions of the TRUSTOR.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands on the date and at the place first
above written.
U.S. AUTO PARTS NETWORK, INC. MEHRAN NIA
Assignor Assignee
SIGNED IN THE PRESENCE OF:
ACKNOWLEDGMENT
]
] S.S.
U.S. Auto Parts Network, Inc
.
represented by Michael J.
McClane
All known to me and known to be the same persons who executed the foregoing DECLARATION OF
TRUST consisting of three (3) pages including this page, and acknowledged to me that the same is of their free and
voluntary act and of the persons herein represented.
Notary Public
Doc. No. ;
Page No. ;
Book No. ;
Series of 2006
.