'Qf

lr',fficl*xi

eucfr,_qd&t

Ref, No. TrfrfiXzfrEqzs

July 15,2A09 ,,::i

The Securities and Ehchange Co.ur$qim

lil * '.,| 'i, Greetings: : This is t" *qry^glg.f ,oigT lryposit vith thii bank the sum o,ioxn MrLLroN Itrg_g gry\ _p_!pr,it0o,0oaoo1 $4.i[siri"gs *".ooot Ni,iizooss60g in the n*Ji frrELv R- I|{ARUIN, Traasurer-in-f'{,it'rror sfrArcn,- rr{Caiii;iffi; ffi; iriilrr,, proce# of incorporation.
.
,:,

:j

The said deposit is clear and frei tim lie.n,.restrftion,-condition br holdout and'may be withdmwn in behalf of said company rryon flrosentait"";il#f ire incorporation
'

U';trNY
.

n.

i i I I

:'l

"f

thereof.

',-.';

i'
i , ,'.
i

'

ii
i
,.

'

.?**-

BfraNCfrMtNAcEil. C&tlqtbla?7F7., taad *l @ue*t (*W

on

ALBERT

DI}JN

; '; ii
i
i

Tat.0btrlrq ?

i,

EfirrfiflT:T"Y};i ii
. i

Crc tlo.-lt ?,fq ua , y4.,al *l ew* U*g et 706. 00,"?ntq

..

'

200

SUBSCRBF,.q AND SWORN,to.difo,r

affiant exhibited to me ttsnrpjp"lrmuriff-ffiffi No.'t( on _____:.t--J*t ':iI

1o

m, tt is

d,y{Jt

:t: J
I

FELTPE.R.,

NO
Doc. No.
Page

*V

Book

No. 2i t: No. ,/l __t14

PTRNOi IBP:No-ri76

20n9 PA_Vi&.lL0tL0,ltfifig $-$tLo, vTwi

w1

B.nco.Qe Oro
12 ADE

A,s{re

OrtiSEs Cs,iler

iiendCqorlg Cily f660, Meo lvl*Ita PO Eo( a,80 OrUgps frq OficE
$rr,iRCodc: B|,IORpHIlrlll Tl+63(2) 7(}2 6mO

hfiipdr,".
,:,
,.i

un*r$docoan.gh

i:

ii
.t i,,

,.i

'E'/e

!ir,:

r.,'

.i

|(

tlw{

c*H/t ls

mw
Montlt

Contact

aay Fkcal Ye.r

m rysaruaa
Manlh
Day Annual Meetlns
Type, tf Applicable Amended

ftlrm
Tobl

Dept Reqsirlng ttia Doa

&{dss

l{umberlSection

rcll

No. of Stockholders

To be accomplished

!y

:i

SEp;porsonnet concern 'fi

'

Document l.D,
I

r'
a

STA.MPS
i
a

"i l] : Remarks = pls. use black ink for scanning purpoges i .1. J:'

i.
\

; ,i, ,:.'| l 1' , ,{.

i
.:

i.

ilr i..
,

i, 1r I ,'

ARTICLES OF;

TlON

+i",d-b*l;".d

'l
h{
$

rnm*rivprtsrosE
merchandising To engage ih retait marko$osiqnd general witnin tne Pfiilippines' uu nnas oiiloiu.tt,lo.a ot'*ig'[d+'

,,

of

$ \i
< ,x
\
".

,.,i : i,

sECoNDaItt'iilnposns
I
:

S \

as the a. To pruchase aod/or 1&- land and/orbuildings other garages and roorts' corporation *uy o"J for offices'istor-age 'a"&"' in connestion with its purposes as the

business. "d;;;fi""
and other

ffi

>"-

'fn+'uray ilI*ti"n *a maintenanct if tn"i*ti'oratq'business'

I

' .li ,,, quirqenq mmputers; prbters b. To lease ana /or purchaie be"neceqsary for the materials-andt'*
:

tools' c. To purchase mobr vehiclos' tnrcks' equipments' the be .og*oqy for materiJs, *pnri"t oi orrr", naru,-q":*ay vehicles to be used itr ooeration, upkeep ;; t6; ;i'i*h motor ;;;A;; i,itu in" business of ![ie coporatiou

Pr,, *

&r"1ffikH.:Xr**:u"*r; t i: iii

.ffi?ff;:

at

THIRD: Tlat the place where the Qryl. Aola@, ftrL6, t/4Ar,, p h* tayg;u
I

FOURTH: That the term for which from and after the date of incorporation.

is,to exist is EIFTY (50)'YEAR-S

5E
-

FIFTH: That the names, national

corporation are as follows:

residences

of the incorporators of

the

F5
\
\-

:J

.rNcoRPoRAToR

H4FO
r

BESMENCE
37 Swrflower Lane, Bellcvue Properties
Grace Village, Quezon City

RTCHMONDCHTTNGSY

s \

STEPHANIE GA}IC}IUA SY STEP}IANIE GAI{CHUA

37 SinflowerLane BellevueProperties Grace Village, Quezon City

126 4h Sheet

MARTAR.*ENAM. crrAM MEIY R }yIARTIN

New lvlanil4 Qtrezon City

t i
$ Fs = t)
-:s \

23 Octobq Steet
Cortgressioaal Vlllage Quezon City

PHILIP 6. }v{ACAHILIG

127 Estebaa Abada

toyolaHeighfs Quezon City

SALIIvIA. B. il,IACAHILIG

.;

127 EstslanAbada

LoyolaIIeighB Quezon City FELIPER. IvIACAIIILIG /

81ry.,,:Balabag

Pavi4lloilo
': SIXTH: That the ntmnber of directo-rs of.Eaifl colporation shall be seven (7) and that the names, nationalities and residences of the frrt af"etprr,iftn" are't",;*" *tii "grporation,who their successors.are elected and qualified as proY{ed;Oi * Uy.f"iirtuo;frlG; -

DIRECTOR

RESU}L1{EE

\-"RICHMoIID

cHUNcsY

37 SunflowerLaue, Bellevue Properties

'
\*"

, ,.titl..: .i ! :

1! 'liiril-il

.:
:, '\#r

!
.:l

I ,i'
t: il

;. ,,ii

.:

STEPHANIEGAIICHUASY,

Gr&ev'iil4ggQuezoncrtY ',i ii i j i. IvIARIARO$IENAM. CI{AM - ,rifiOioo p6+trbftet NewManilq QuezonCity ii : ti MELY R. MARTIN Filiirino 23 October Sreet
' ;

Filipillb'', . i ii; .' r

37$uuflowrLane
BellewueProprties
'

:l

t,

Congreasional Village Quezou City

ii

'\
\

, r

.\ t_L -\\"' 5e) : J R -\._:,

r:

\_

MACAHILIG ourpTo MACAHTLTc -r:11 . Filii Filiiu|o tZ7 Esteban Abada jr i LoYola Heights ,, j' Quezon citY :: . i B. MA.AHILIG FitiSifro r27 Esteban Abada . IJuyUIa flefgl}lIi 'ALTMA Loyola Heights : 'il I I ti
PHILIP G.
h
i

,
",

,,
,i,

Quezon CitY
l

$ S

FELIPE R.

MACryt{ILrG Filffio Brgy. Balabag puyqiloito ,, /

tE}Ot
CrUn[OO:0,01 per share.

S,,"",'8ffiffi,#,ffiunffts*p*#;"ffi:*L[Iffi,ffi4]
with a par value of ONE IIUI{DRED

N
{
*{

g"-ry r r? , ,IJg:lIryJ}* MILLION PESos (Php4,000,000.00)

nuur fficriueo ro, ttre numuer of shares and arnormt of capital stock set out aftg,r ie-qpective names: $9ii

#*rch has been 2y:/*:* the'follct'wing por* acuauy subscribed is FouR and o[.sHAREs }uri$ifr;;*" alviouvr ffiscnmro
No.

J {.

strBscRrBER
RrcHMoND.cHUNc

st E
N \
\

S t
\:

sy ,'rnoo STEPHANIE GANICHUA,SY j :r 4OO

php r,s60,000.00
,10,00d.00

*.\irl
W''
I

CHAM MELYRL{ARTIN
IvIARIA ROWENA M. PHILIP

6,000 ,, ,i o,ooo
1
:

600,000;00
600,000.00 680,000.00
480;OOO.OO

h\\\,

N. \
\-/

NN.
\ //

G.I!4ACAHILIG '
'

o,aoo

4,EOO t :' ri,r, FELPE R T,TACAHILIG t"Htsl( I'(ACAHILJG, :,, 4N / t TorAL 'lq$o_g- r
SALIMAB. MACA}IILIG
JI

40.000:00

phD.4.000.000:00

i,
,t,
'!

.ii:.:

,,.

ii

NINTH: That tto ablmlnamed zutscri$,ersthave paid at leastr&enty fiveperrrnt QSW i. of the total subscription as follows:
I

',''i l'
:

.:i

i:

' '. \*/

SUBSCRIBER

rdrlrp4prN
IJ60,000.00
:

RICIIMOND CIIUNG SY
STEPHANIE GA}.ICHUA SY IvIARIA ROWENA M. CHAM

Php 390,000.00.
10,000.00 150,000.00 150'000;00

40,000.00 600,000.00
i

IdEtYR }{ARTII{
PHILIP G

600,000.00

MACAHILIG 4

6!0900.00
490,000.00
.---..-,.r+?_

.
./

170p00.00
120,000.00

SALrL{AB. h4ACAI{LIG
FELIPE R.L,IACAHILIG

TOTAL
TENTH: Tbat MELY
as such

/ ,,00I}.000 f,4rilt000 (
t-

40.000.00 / ,/
't

10,000.00
!hp.1,000,00O.00

./

r',/

n rr,rintN hasibe,in elected by the stlssribers as T1easuffi of uutil her successof is duly elected uaa,qraigrj ir, ,*"ra*re with P, :nT"*don lo"act the.b]-l1ws-, and-that as such Treasurer, she has,}oepiuthorized to,receive for, and and for the benefit of the corporation, all subscripticihs paid or giv.n,by thesubscribers.

in&;-d;

ELEVENTH: That the corporationmanifests ;tS q,illingpess to change its corporate name in the wmt elother pryo.q if utity has aqquired u prior?eh, to use rhe said firm ffune or one deceptively or confusingly similar

n*

toit

-- -.

lncorporation

WHEREOF, we have:heqerrdto set our 2009atrlloilo,city,

,,

.hands

Articles of

CTC
at

167395;66

Quezo City

,,,Jffi,"
N-

crdNo. t673ss67/

,/

h
cTcNO.236501,t6
Issued at Quezon City

Issued at Quemn City

%i\"i*wfrA+fq _/nMELy il" uanrns/ cTc No. 11988760

0n June
Issued at Quezon City

nrsr.T,'l/

Issued

::

.,
l

at furt* ;ll^;|, tq

q_

\t
$

tr.EtIP.A cTc No.

Issued at

+FS*
SIGNED IN THE PRESENCE oF:

,^ooQ

REPUTJI,IC OF TI{E PHILIPFINES

cITY OF ILOILO ) )s.S. ',:iii

;I

ACKNowripucMENr
city of Iloilo Jyb 2009 personalty appeared sv, $tephanie sv, tvlaria Rol@l,IGm, Mely R Mari&'F,ffip A glye $"Y.".fd s4i9a B. Macahilig' I{acahilig and Felipe R M4pahilig,,with their i.*pr"ti* i,irltiriefo* all known to roe to'be the same pensots urf,s executea ttr"T"*goiog Artdil; -docrrnerts, Incorporation of SIvIATCH, INCORPORATED. fney a.faro*f-"agrd t -" tt"t',n"'*,,,e is their
BEFORE ME in the
I

Srgi,
,

,,!l

t
$'
{.

free and voluntary act and

deed.

'

)i'

,.

This iq trument consists (5) page$:inctraryg this page and has beer signed.by the panies and their witnesses on each and every p-agUhqreof.

{fio:

+
s
n
s( s rS

WTNESS My HAND AI.ID SEAL attnd,pface and ori the ,.

above.

, Jan..6,2009 5,2009

Diic. No. 115 P4geNo. d4

BookNo.

Sedcs'of 2009

(t$}rrr$,il
X----

'
I
_

CITY OF ILOTLO

REPUBLIC OF TTIE PHILIPPTNES ) )s.s.

----X

"_ rL '@ ,If ETno5l ' l' rtffiilh -

That I have been elected by the:s of the corporatioq to act as sucsr qualified in accordance with the byJarnrof the certi$ under oath that more &au 25% of the sutscribed and at least 25o/o of the total for the benefit and of the corporation;
Treasurer

l.

of SIv{ATCH, INCORPORATED
my

as

anacessor has .been duly elected and iradon, and that as such Treasruer, I hereby lrizetl capital stock of the coiporation has been ion has been paid and received by Be in cash

2. Th?t Sentral Ng
in the amount of

is also to authorize the examine and

my name a8 MILLION PESOS @lipl

d+osit in

and Bangko
Banlq

Trust for s I\4ATCH,- rNbOnp onareo 00).representing tbe paid,up capital of

to the corporation Should the .deposit

rlcgrno1ation, this will also serre uirftority-itil of the Securities and ExchargE Conmission is

be.,

to

another bank prior

to or

after

and exaurine the same. The

3' That in case the lid ptrd:up *prP it.ogt deposited or withdraum prior.to the approval of the articles of incorporation, I; in corporation, waive our right ro notise and hearing in therevocation of our c"rin iieoriffiratio*

i{;r.t1.l;b";;:d;
,i,

"t

noloTifili,:i"1.rmREoF,

I have nereun( set iny hand

*f

2009

, .

tv,Gr{Y R" MARTTN ; .,j I

2009 at lloilo 11988760 issrigd

W{

r,,-"2_

SUBSCRTBED AI{D SWdR$ to beforc'fi, City, Philippines. Aff anr ".hitd at Quezc'n City on Juae25,2A09.

Ai* aay Jab fl, ; ;; hli,dffJ,il Tax.CcrtificatsN;

Doc. No.

5i

PageNo. ,3 , Book No. Vl Series of2009

u q- m fiosl
*r-t*drb

l'L

.N
!t

\,,

ARncr.Pr

oErIW ,
{af
I

.,
fi*

= "-S \ l\',, r\-.'r' \\

N
\:

rhe offrce of the corporationThnll *,la*l"a fkX,phitippjnes, in such place in the said Municipality as the Board of DirecOrs fr<im time to time

"ff##

l.

ARrrcLh rr

rHE BoARDToF DrRECroRs

ection- - The g.odrd management of the corporation shall be in a board of SEVEN (7) Directors who s{U be stockholders and wUo stratt be elected annually by the stocktrolders and who shall servd until the electio,,n and qualification of their successors" tuv..I*py in ft: Board of Diieetdls shall be mra by a mqiority vsre of thrc Any vacancy vste the TiT-T?ll. T the B.o.*9."f P4r"tdr.,*tatt filled gytstandin8-.canitat stock at a stockholders' deetinp;specially called io. tLiproiose, and the
vested

In !l l.t director or directors so chosen shall serve for the rmbxoired tersr. t Ji 2. Quonrm. - The directors shall act as.aBphrd, and the individuat directors sall have no { power as-sugh' A majority of the directors s[all'be nec,essary at all meetings to constitute a *t. quorum for the transaction ary ari.{,eygir}t deiision i,f *":*try oitt. guor,r*;uly 9f \ lusiness " assembled as a Board shall 6s valid as a corpordp ak.' {. ,:,i | Meetings. - The Boald :\ ,.?; after :f .Dt*firgr+::$hall, hold a: meeting, for organization, their election, of vhich meetin{;no notice shall be required. Thereafter, thi .+ $**"Fly Directors s$ll hold regular S I"*d- of of April at-fotu_o'c1o*.i" meeting eiery ttnee (3) *oothr-ilrtd; th" H,rrth the afteqqoo{anA every fourth,satruday of r"".y it* \ !-"9,91t montt-ts thereafter at.the office ol9: company,"or'ht such particular hour or plte * tn" g;J S mav fix. Meetings of the Board ofDirectors nay S bymearsof tele-conference. \done
:

{ ,.r.-. $ v

of the of Directorspgy be gatled by the president on one day,s .Special-meetings notice to each director either personally or in urit!i[, oi oo ruq*rt of two directors.

lo**

tl.Gttt

N t\i

\::l

The Board of Directors the mqnagemenr of the business of the and authorities as arc $erein by tnese-uy-taws;ty.rtil;;;i;; Tdsuch.powels Philippines expressly conferred upon it. ,. i

4' Powers.

flHTI

*r, [a

"1

'r.,:

\...r

a. From time to time to"mak-ii' inconsistent with these by-Iaws for tfli1

..:

I \
\

and

offrces;

nrles and regulations not of the eompany's business

I

\t.S. -

b. To purchase,or otherwise which the company is authorized'to conditio,as and for zuch eonsideration

Si
i.r

fgp';the,c6alpany, rights or privileges at zuch price and on such termis and tsm time to time$ee fit;

F
\\N J
s.

$
t
iJ
J

acquired by the company or to or partly inmoney or in stock,

ts orcate, make aud negotiable instruments or securities, secured by mortgage or pledge flf property belonging to the company; provided" that, as hereinafter provide{,thejPresiaent and General Manager of the' iompany strall have these powers, rrnless! expressly limited by the board of

d. To borrow money for the

aqd for zuch pr:rpose

and issue mortgages, bonds, dseds'o-f

Directors;

.:

'.

ii
i

a To delegate; from time to tinejdny of the powers of the Board in the course of the curent f,sinsss or businbs#s of the company to any stmding or qpecial committee or to any officer or agentih'ld to appointpersoff; to be agents of the compmy with such powers (includigg:tbc power to sub-delegate), aud upon suchterms, as may be deemed

fit,,ir

as may be

5. Compensation. - Directors, as suc[,;qe!f;o""i'vr zuch compensation for their services from time to time fixed by the stockholddrs'holding the majority stock.

6. Minutes. - Minutes of all meetinpg dt tl" Board of Directors shall be kepl aad carefully prese,lved as a record of the business:tqpsacted at such meetings, The minutes shall contain such enties as may be required by law '' ' '

$
,+: \
r)

st*

laws. AII officers shall be elected to,their officbs'ly,a -"jority vote of ihe fwo or more offiees may be vested in the'satr p.,rsp, *h"oeum deeured convenieat or

1. Generat. - The officers of the,corporatiorirLsnad(onrist of a president, aVice-p.resideut a Geueral Managea a Treasurer and a Secreta-ry w,$pse powers aud dgties shali.b,e as hereinafter provided and as the Board of Directorb may fr1r ip,;coniornrity with ttre povisions of these

il;J-U;""d.

bv-

2. President. - The President shall be. elected by the Board of Directors from their oum number. He shall have the following powdrs arr{ ffies:a. Preside at all meetings ofthe.stoaf&plders apd of the directors;
' Exereise general supemision'f_dJo

I:

.i.;r

,',i

"ll

the other offieers of

the

4; i | .. .

i: il

ll.
"t

iii
,i
,..

1"'

,:

!ri

a. Bodro\r money for,the includiag the arraogeqent of leflers

banking institutions;

by alry legd means wha*oever, 'md overdrafts with any aud all

ofthe the corporation nray enter intoi

d" Execute oa behalf

il

i'

e. Sign,

indorse, and delive.r1i

o

promissory notes md orders of payme4t behalf of the ';,

corporation;

gutns
I

icUeets, draffE, bill of exchange,' of morey in thc name aud on

f, Submit ar aunual report of Board of Directors and at zuch other report thereof to the stockfoolders a#the
g. Exercise such other powers of Directors may ftom time to time fix

of the corporation to

the

latter may request and an annual meeting;

such other duties'as the Board

3' Vice-Piesident The Vice-Presido+t *rall likewise be elected by the Board of Directors from their swn number. He shall bl,ypr.led *i9 the pqwers and authorities of, aad "ll to perfm all of the duties of the B,ip"tde"t druing th" ubr*." o. i""ep.rity;l6; latter for aoy caulie, and he shall also perform'$ri0h other duties as tlre Board of triirectors may from time to time'assign to him.

fq"it$

. i 4. Gcueral ldanager. - The Gqosral l\4aiiaEdr lhall !s eleclted by the,Board of Directors, Td}" q3y o-r yallot be a stockfuolder of the;iompany. He shafl holdofEce atthe pleasure oi the Board and shall have the following powers 4hdduties: Flave a direct and active ma"di.iitent of the busiuess and operations of couducting the same a&oording to the orderq resoiutions and instnrctions of the Board of Directors uqd th, F,residen! and accordihg to his or,rm discretion urhenever And wherever the ,iape,is expressly,limited by-zuch order, r:: ' resolution aad

ii

*rop*y, -he

I
'

instr,uction;

,b
sS

b. with &e approval of the prpsideat, lo appoint and at his fiscretion remove tir suspend any or all of the {gents,, employees.aud other nrbordinate perynryl of the compaoy, and prescribd tldir {pies and fix or chauge from time to time their resBective salaries or wages? ,qa r,iq"ir" guaranties or b6nds.in srch arnounts as 'he may detgrmine to sebrui :the faithful discharge by certain
ernployees or age,lrts of their offrcial

i:l

":

tupb '.1:

'ii .ti:

!,

t {

c. Exercise gar.rr

employees and other zubordinate persnnnql respective duties are properly performedi;
li;

supenrisioi,'.rra airrrtion over a1 the 4gents, of the coqpany, *a *" ttuitn i,

d. Submit to the Board of Ddi*such statements, reports, memoranda and accounts qp the latter-may requireadd plepare zuc.h statements uiia r"po*i* may be &om timo p iime W in"'ru* ;Ai;qpr;t feuire{ --' organized according to philippine taws;

Dtectors

-./wil

may prop.^erly pert+iriitolks office and which in his jgdgment serve the best intrerests of the.comoration in conformitv with the '*i"""

! ., e. Perform such other duties t$ *,

9I yh"\

r";;;rrfi;

.-----

be prescribed by the Board of

"ro

'

ii 'J
r,i
:|,

of satutory lawand of these by-lans.. In the event ofthe absense or defaul! the Vice-Prosident sball usrln

tdi

GeaEal$anager, Tte p.resident, ror, in.his perform fue.duties of Genoral Manago. by theBoard of Direc{ors &dmtheir swn and he shall have the following powss"

5. Treasurer. - The Treasurer shal.l be number. He shall hold offics at the pleasurb
and duties:

a- Haye custody of, and be resbi lgfar of the corporation" and kee,pa disbursemont and other commoeiA account of the eorporatiorg and see tojid fl l.i I --^^.,:,t^-^^.,L--, are evidenced by appropriate vouffiers;

for, all the fi:ndq securities aad

e arrd accurate

*i

i'ii

record ofreceipts and ions in the correqpouaing b;ks of all disbrlrsements and expenaitures
il

I.]^rill ::}:Iry:

aud

to ,q"i"rdur of the corpora{on

-"qoU

iu such

b;;,

eorpomtioir which may come unfler his .it

Render an annuar statamentLsholwilg_ the finarrcial condition of the oecem${##orL and such other financiat x.:333,1f^9ur:f reporrs as the Board of Directors o, tte.Fr*Lhent fime require;

;tfr;;#ts
the

s
\ '14
J

required bv law or prescribed

_, *iJt.+F-t::,,j{*

Jffi*hr# ffi ff rff #fff ffi h}.presideni _-' [y D;;toil"r

the etdxdi"f

* ",#;r#ffi;ffi"fftffifff:ytr*dotii,
rh,
;

P;il;t' I,I'o;; ;A ;*;;m6*,m;};mmm:frm#

6' Secretary'

orhis

oqoly

ole o:rraore emproyees or

f
ir
\

secretary ,hd may not be a stockholder of the ro'op*i. gr 9,,

:p"

.1.:1*

H suaiaoii.;f#;

tlg Boa{ of Directors,

the

preas,re,oi'th",Br*q

and he may or

*d

stockholders;.
stamp on au documents

- --.-;-, -'--*.
ryk rcquiring-su;"ffi,t .lr#Xorqsear, u&ich he sharl p*
r1r. corporato

b' Keep the stock tansar

s
s

correspondiug annotarion o*

c. FiII and countersigr all the Jorn"uro qf stol{. issue4 rrraking L.

*eiq

?I

{#i-]ll;i

Jlr,iu".o,

rhe

upan issrrance;

d' Give,,o1 cause.to be gryen ar1 .ryuces leeuired by law or by the bv-raws of the corporation as well noti* - - *: of all mdetings of the Board of Directors and -l--:- vr ue of the stockholders; ^ ,

oirectorl

dutie'

*:rl,
il;,,

":t*ffJfil,.other

be prescribed by the Board of

- All officers shall,rec,eive 'zuch :salaries or compensation ' fiired by the Board ofDirectors : i ,:. ,
7. Compensation.
.

as may be

8. Vacancies in and Delegation of Officpts. - If th" im". of tne hesident, VicePresiden! General Manager, or Treasur,er, becouies'vacant by deat[ resignatiou absence or otherwise, the remaining directors; if still constiSuting-q-quorum, by amajority"vote may,choose I sucoessor or successo.r, provided that any vacqoby'ih'theBoard shall be filledup by a mpjority
ll,i'

\)

H::',i;:,::,:"ss

In case of the temporary absence of afrX officer of the company, or for any o&er r@son that the Board of Directors may deem ; the Board of Directors may delegate the pow,ers and duties of such offieer to any other office|$ tO any director for the time being, provided* wue* usvu ** o*--,fr-'-5r*- re uvc.wrvrws uJ uJ v^l of the Board coasur therein and stfih*Ctilcgatisn is not coverbd by ary expr.ess provision

\FS

5r\r;rv^r+'rv annblr rv

srocr(.***"^A,TE
\*_\
i

$ ' S *{ \-t4

\1 \ \l

Eu.h uach stockholder whose share of rtuoLiUl*iUeen paid in full shall be entitled to a stoik ,toA,in s,Ueen futl certificate or cefficates for zuch share of stocle

The certificate of stock shall be io zucl form and design as may be determined by the Board of Directors. Every certificate shall be, $igned by the piiSO.rt ro*to.ierJ Uv At Secretary, and shall state on its face its numbsif, the date of issue, and "ria number o} s}rares for the which it was issrrc4 and the name of the perscin in whose favor it was issued.

ARITCI...E'V TRANSX'ER OF SIIARES OF STOCK

Shares of stock shall be tansfened UV,aefiv o[t]re certificate indorsed.by the,owner or his attorney-in-fact or person legally authorizedito.makd' ths tansfr but no :tansfer shall be valid

rmtilthe taasfer is annotated

-othcr

intheb

ofithecorpor.ation

$* {

No surrendered certifioate .shalt U, .*ouUia.t {t Secretary rurtil a nsw cerrificatb in lieu thereof is issried, and the Secrptary sUt teei the cancelled certificate as proof of substitution If, a stock certifiqate is iost br d9#gyprd",the Board of Directors .uy orOo tn issuance of a ne{, certificate in lieu thereo{, riftpr:$q$sftctorJ'proof of the }s5s or desinrction.of the original certificate aud upon proper requo$t for the issuance of such.new,certifisat.to the Board of Directors ufrich may require sncn guaf;asry as it deems sufficimt.
I

VI
FISCAL YEAR, DTYIDEI\DS & ACCOUNTS

l.

Fiscal Year.--

q"

. and shall end withthe last day of December ofdachyear.

fl i;; ..:
,l

fir"ul year of # .oi*p*V shall begin on the first day of January

'

and trco.rds
at

of the sompany shall be

dltimes.

MEETINGS

3. Quonrm. No stockholders' meeti;frg ,t[*f compelent to decide any matter or tansact any business, unless amajoriry of the ciutstanai"g capital stockis preseot,oi represented thereat, except in those cases in which the Corporaton Law requires the affirmative vote of a
greater

proponion.

;, , i

4. Vote. - Voting upon all questions'at'ffurrtlrgr.of'the stoclfiolders shalt beby shares of sock and uotper oapita

X J $ N { J \ S S * 's

Annual Meetings. - The annual *"tiog'#the stockholders after the year 2009 shal SgnOuv of Janr:ary in each calpndar year;:at,4:00,o'clock i.m., when they T l:lt by Ioy*n a shall elect ballot board of seven (7) dir*tOrs,in actordance with the piovisions of the Corporation Code to serve for one year until:ttreir q,titcc,essors are elected and quafified. 'j . r ,, Yritten notice of the annual.meeting of the boiporation shall be sent to each registered stockholder-at.li:ast ten (10) days prior to the dat( of zuch meeting; Waiver of such noti-ce may il only be made in uriting.

-.5. t.h" oo

Sn-e9ial Meetings. - Sp:"iul meelrig{of the stockholders may be called by the n- -!r_6t Presideat.o H: discretion" or on the demand ofiithe,stssl&qlders holding the majorit-y.if r .'! A" snbscribed capital stock of the corporation

,, , rri

l*,Tto to be tansacted shall bethat each qbctAolder at least Eve (S) days before the date of ryntto such special meetiqgs;provided
this requisite may be waived in

Gtingiy

th;;;["il;:

\\ *---*.1; YT:]T.-;.YyF of all.meetingsbfl{h! stockhorders shau be kept and caretuuy a busineqs N\" fT:$: InaY record of thebY law. tansacted'.atsieh,meetiugs, fte mintrtes rlirl ;arrio:g;t as be required i !: r\
\
/
j

;;; ,;
..
.r..':

t:r:

:11

,; ,

The Board of Diiectors, by a meiority*[t"*nCi*ga*a"tn" o*L, of at least am{oitr, of the outstanding capial stoolq at a regular or $.pecir*l meeting,drflycalled'for the pl.rpose, may amend ot repeal the by-lavus or adopt new,,bJr.Iaufs-'The oumffs of two-thirds (73) of the outstaading capital stock may delegate to,tlteiEbffd:.ef Directors the power to amend or tepeal the b,y-larus or adopt new by-laws: Prwided, thatrar;1,power delegaied to the Board ofDhectors to amend or re,peil the by-laws or adopnnew;byJarr6 .qhrll be considered as revoked.whenever stockholders owning a majority of the outstariding capital stock shall so vote at a regular or
special meeting.
l

l.tl

*i:

:! :'t'
i

of

SITIATCI{

2009 at Iloilo Ci'tX,

CHUN t6739s66 Quezon City

li,]t' ,/ ,."' sruf*arm sv

cTctNo.
16739s67

IssuedatQuezon City OnFebnrary 5,2A09

MITRIA cTc No. 23650116 Issued at Quezon City On mar 220A9

MELYR MARTIN

t* l"*&-'/

cTCNO. 11988750 Issued at Qr:ezon City On June 25, 2009

CTC On

*s6oc.

Issed at Qrvra,

Jrb il

srrib
e*o,1

Jnlg l$, e*q

r']ELIPE R'
CTC NO.
Issued at 0n Jaauary

SIGNED IN TI{E PRESENCE OF:

REPIIBLICOFTImPHII"IPPINES) . L,,.. i,, - --is.s.

crTY--b:r

t-ii=6lt

ii :i' :"":' .i-: : 1i1.. 1. j

.

'

i,,i :
:
.

,;

'

ACKNOWTJIE'D,GMENT -l:'
ilt

ti Li ili: lt rl. f,.tl.

.-

! f

tia"' jiip 6. Richmond Chung Sy, Ste,phanie Sy, Ivlaria Ro,$rena Mely'C Ivlacahilig, Satima B: Macahilig and Felipe l[ilttaoaffiig, with their respective identification who cxecuted.&e foregoiug By-Lauru of doeuments, all houm to melo beftesqEe
INCORPORATED. They
act and deed"

to me

that'.

the same is their free and

iacluding this-page aad has been signed by Pagshereof.

EL$ts

}${EVI
rrJarf.6.2009

No,tary h+blic trntil Eec.

PIRNO;.31774V7,lloil EFNO,724918;:floito,
boc. No. J?4 PageNo. -D BookNo. Soies of 2O09

5,2009

T .t
{,

\,{ {

'h--.
\ {

a
s.
,I ,,I I

<

,i :i,
j
I

,I

,1 ,l

,l

i: