January 30, 1983
To: Miss Tine Magalpoc
The contract or order we have agreed upon is dated on -,-20.
This letter serves as an acknowledgement to the modification of terms to the contract. The following takes place the change in terms:
[Describe changed terms]
Except if we hear from you directly to the contrary, we shall assume that the said revision is mutually agreeable.
August 28, 1982
Lexor Group of company
Rm 212 , 2nd floor , Don Juaquin Bldg.
Ayala Avenue, Makati, Philippines
We appended a copy of your Purchase Security Contract for the [specify equipment].
Your quarterly payments remaining are [number]. The scheduled date of your first quarterly payment will be on [date] and we will send you an invoice for it about one month before the mentioned date. And may we ask you to please send back the remittance portion of the invoice together with your check.
In the stated agreement, the contract is non-cancellable within the duration of the contract. Nevertheless, the payment of your balance can be done any time before the end of the contract.
We would like to take this chance to convey our appreciation for your business. And please free to contact us if you have any queries regarding your contract or if we can be of service to you in any way, please let us know.
FOR VALUE RECEIVED, the undersigned Assignor hereby assigns, transfers
and sets over to (Assignee) all rights, title and interest held by the
Assignor in and to the following described contract:
The Assignor warrants and represents that said contract is in full
force and effect and is fully assignable.
The Assignee hereby assumes and agrees to perform all the remaining
and executory obligations of the Assignor under the contract and
agrees to indemnify and hold the Assignor harmless from any claim or
demand resulting from non-performance by the Assignee.
The Assignee shall be entitled to all money remaining to be paid
under the contract, which rights are also assigned hereunder.
The Assignor warrants that the contract is without modification, and
remains on the terms contained.
The Assignor further warrants that it has full right and authority to
transfer said contract and that the contract rights herein transferred
are free of lien, encumbrance or adverse claim.
This assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns.
Signed this [day] day of [month], [year].