This is a Declaration of Trust by a nominee to a beneficiary in respect of share(s) held by the nominee on behalf of the beneficiary. It is to be executed as a deed. The Nominee declares that a certain amount of ordinary share in the capital of the company and now registered or about to be registered in the beneficiary's name and has been held by him/her in trust for the beneficiary and that he/she has no beneficial interest in the Share(s).
The Nominee declares to undertake to transfer the shares and to exercise other rights and powers as the beneficiary directs. The Nominee also appoints the beneficiary to be an attorney to execute and act regarding the Shares.
The Nominee should sign the Declaration of Trust.
This Declaration of Trust should be carefully read by both parties.
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