You are on page 1of 19

CORPORATE PROCEEDINGS

Articles of Incorporation and By Laws of a Transportation Company: a. Bus b. Tax c. Vessel Articles of Incorporation and By Laws of an Educational Institution Articles of Incorporation and By Laws of a Religious Foundation Notice of Special eeting of Stoc!"olders and #roof of Ser$ice of Notice of Special eeting of Stoc!"olders

Stoc!"olders% Resolution on Amendment of Articles of Incorporation &Increase of Capital Stoc!' Stoc!"olders% Resolution (eclaring (issolution of t"e Firm inutes of First eeting of (irectors

(eirectors% Resolutions (esignating Firm%s (epository) Signatory to Notes) C"ec!s) Etc* (irectors% Resolution (eclaring Stoc! and Cas" (i$idends Ac!nowledgement for Corporation +y #resident and Secretary ,"ere Instrument Consists of Fi$e &-' #ages and Co$ers T"ree &.' #arcels of Land

ARTICLES OF INCORPORATION OF KINGKONG SHIPPING LINES, INC. /now All en By T"ese #resents:

T"e undersigned incorporators) all of legal age and ma0ority of w"om are residents of t"e #"ilippines) "a$e t"is day $oluntarily agreed to form a stoc! corporation under t"e laws of t"e Repu+lic of t"e #"ilippines* T1AT ,E 1EREB2 CERTIF2 T1AT: FIRST: T"e name of t"is corporation s"all +e /ing!ong S"ipping Lines) Inc* SEC3N(: T"e primary purpose of t"is corporation is: To engage in t"e +usiness of operating steams"ips) motor+oats and ot"er !inds of water crafts for t"e transportation of cargoes and passengers wit"in t"e waters and territorial 0urisdiction of t"e #"ilippines as well as on "ig" seas4 to act as agents of domestic or foreign s"ipping companies4 to purc"ase) c"arter) "ire) +uild) or ot"erwise ac5uire motor or steam or ot"er s"ips or $essels) and to employ t"e same in con$eyance and carriage of goods) wares) merc"andise of e$ery description) and of passengers) wit"in t"e waters and territorial 0urisdiction of t"e #"ilippines as well as on "ig" seas4 and generally) to do and perform all acts and t"ings necessary or proper or incidental for t"e accomplis"ment of t"e foregoing purposes* T1IR(: T"e place w"ere t"e principal office of t"e corporation is to +e esta+lis"ed is at etro) anila) #"ilippines* F36RT1: T"e term for w"ic" t"e corporation is to e7ist is fifty &-8' years from and after t"e date of issuance of t"e certificate of incorporation* FIFT1: T"e names ) nationalities) and residences of t"e incorporators are as follows: Name &9' :uan * Santos Nationality Filipino Filipino C"inese C"inese Filipino Residence Bl! 9) Lot ;) St* #eter Street) San Loren<o >illage) a!ati City Bl! ;) Lot =) St* Agustine Street) San Loren<o >illage) a!ati City 9;. St* ary Street) San Loren<o >illage) a!ati City .=- St* :o"n Street) San Loren<o >illage) a!ati City ?@A St* Lu!e Street) San Loren<o >illage) a!ati City

&;' #edro B* Cru< &.' :o"nny C* Sy

&=' Cyt"ia F* Luster &-' ario A* A5uino

SIBT1: T"at t"e num+er of directors of said corporation s"all +e fi$e &-' and t"at t"e incorporators s"all constitute t"e first +oard of directors* SE>ENT1: T"e aut"ori<ed capital stoc! of t"e corporation is 3NE 16N(RE( BILLI3N BILLI3N #ES3S &#988)888)888)888)888*88' in lawful money of t"e #"ilippines) di$ided into FI>E 16N(RE( FIFT2 T136SAN( &--8)888' S1ARES) wit" a par $alue of 3NE 16N(RE( &#1# 988*88' per s"are*

EIC1T1: At least ;-D of t"e aut"ori<ed capital stoc! "as +een su+scri+ed and at least ;-D of t"e total su+scription "as +een paid as follows: Name 9' :uan Santos * No. of A$o nt Nationality shares S !s"ri!e# S !s"ri!e# Filipino Filipino C"inese C"inese Filipino 98 9; 9= 9? .)888)888*88 E)888)888*88 98)888)888*88 ;.)888)888*88 A$o nt Pai# .)888)888*88 E)888)888*88 98)888)888*88 ;.)888)888*88

&;' #edro B* Cru< &.' :o"nny C* Sy &=' Cyt"ia F* Luster &-' ario A* A5uino Total

9A

9?)888)888*88

9?)888)888*88

P%&,''','''.''

P%&,''','''.''

NINT1: No transfer of stoc! or interest w"ic" would reduce t"e stoc! owners"ip of Filipino citi<ens to less t"an t"e re5uired percentage of t"e capital stoc! as pro$ided +y e7isting laws s"all +e allowed or permitted to +e recorded in t"e proper +oo!s of corporation and t"is restriction s"all +e indicated in t"e stoc!s certificates issued +y t"e corporation* Furt"ermore) no transfer of stoc! in fa$or of parties ot"er t"an e7isting stoc!"olders s"all +e registered in t"e +oo!s of t"e corporation unless t"e same is first tendered to t"e corporation or ot"er e7isting stoc!"olders under t"e same terms and conditions) t"e same offer to +e effecti$e for a period not e7ceeding t"irty &.8' days from suc" tender* TENT1 : T"at (ARIO A. A)*INO "as +een elected +y t"e su+scri+ers as treasurer of t"e corporation to act as suc" until "er successor is duly elected and 5ualified in accordance wit" t"e +yFlaws4 and t"at as suc" Treasurer) s"e "as +een aut"ori<ed to recei$e) for and in t"e name of t"e corporation) all su+scriptions paid in +y t"e su+scri+ers* ELE>ENT1: T"e corporation manifests its willingness to c"ange its corporate name in t"e e$ent anot"er person) firm or entity "as ac5uired a prior rig"t to use t"e said firm name or one decepti$ely or confusingly similar to it* IN ,ITNESS ,1ERE3F) we "a$e set our "and t"is 9 st day of :anuary) ;898 in a!ati City*

,ITNESSES: :o"n A* Bastista 1ugo* (elima

AC/N3,LE(C ENT Repu+lic of t"e #"ilippines' a!ati City etro anila ' S*S* BEF3RE E) a notary pu+lic for and in t"e City of a!ati) #"ilippines) t"is 99t" day of :uanuary ;898) personally appeared: Na$e Rolly C* Castillo Cil+ert F* Remulla Pass+ort No. >F9;.=-? ABF?--== Date No$* 9@) ;88E :uly 9;) ;88E Pla"e anila anila etro anila)

all !nown to me to +e t"e same persons w"o e7ecuted t"e foregoing Articles of Incorporation and t"ey ac!nowledged to me t"at t"e same is of t"eir free and $oluntary act and deed* IN ,ITNESS ,1ERE3F) I "a$e "ereunto set my "and and affi7ed my notarial seal on t"e date and at t"e place first a+o$e written* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

TREAS*RER-S AFFIDA.IT Repu+lic of t"e #"ilippines' a!ati City) etro anila' S*S* I) (ARIO A. A)*INO) of legal age) single) Filipino citi<en) under oat") "ere+y depose and state: T"at I "a$e +een elected +y t"e su+scri+ers of t"e corporation as Treasurer t"ereof to act as suc" until my successor "as +een duly elected and 5ualified in accordance wit" t"e +yFlaws of t"e corporation) and t"at as suc" Treasurer) I "ere+y certify under oat" t"at at least ;-D of t"e aut"ori<ed capital stoc! of t"e corporation "as +een su+scri+ed and at least ;-D of t"e su+scription "as +een paid) and recei$ed +y me in cas" property for t"e +enefit and credit of t"e corporation* T"is is also to aut"ori<e t"e Securities and E7c"ange Commission and Bang!o Sentral Ng #ilipinas to e7amine and $erify t"e deposit in t"e East,est Ban!) #BC3 Tower) Ayala A$enue) a!ati City in t"e amount of 3NE 16N(RE( BILLI3N BILLI3N #ES3S &# 988)888)888)888)888*88') representing t"e paid Fup capital of t"e said corporation w"ic" is in t"e process of incorporation* T"is aut"ority is $alid and inspection of said deposit may +e made e$en after t"e issuance of t"e Certificate of Incorporation to t"e corporation* S"ould t"e deposit +e transferred to anot"er +an! prior to or after incorporation) t"is will also ser$e as aut"ority to $erify and e7amine t"e same* T"e representati$e of t"e Securities and E7c"ange Commission is also aut"ori<ed to e7amine t"e pertinent +oo!s and records of accounts of t"e corporation as well as all supporting papers to determine t"e utili<ation and dis+ursement of t"e said paidFup capital* (ARIO A. A)*INO

Treasurer S6BSCRIBE( AN( S,3RN to +efore me t"is 99t" day of :anuary ;898 in a!ati City wit" t"e affiant e7"i+iting to me "is Community Ta7 Certificate No* 9;.=-?@; issued on No$em+er 9;) ;88E in a!ati City) etro anila* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

ARTICLES OF INCORPORATION OF AS/0N/C 1 SONS, INC. /now All en By T"ese #resents: T"e undersigned incorporators) all of legal age and ma0ority of w"om are residents of t"e #"ilippines) "a$e t"is day $oluntarily agreed to form a stoc! corporation under t"e laws of t"e Repu+lic of t"e #"ilippines* T1AT ,E 1EREB2 CERTIF2 T1AT: FIRST: T"e name of t"is corporation s"all +e: SEC3N(: &A ' T"e primary purpose of t"is corporation is: &9' To engage in t"e +usiness of a "olding company4 to +uy and "old s"ares of ot"er companies) w"et"er common) preferred) treasury) founders or ot"er !inds of s"ares) eit"er +y su+scri+ing to t"e unissued s"ares of t"e capital stoc! in pu+lic or pri$ate offerings or +y purc"asing t"e s"ares of ot"er stoc!"olders +y way of assignment in pri$ate sale4 to in$est in t"e stoc! or e5uity of ot"er companies4 to ac5uire rig"ts in t"e stoc! of ot"er companies +y way of pledge) c"attel mortgage or assignment4 to sell) dispose) assign) pledge or con$ey any or all of its s"are"oldings in ot"er companies in fa$or of 5ualified persons +y way of pri$ate sale) assignment or ot"er forms of pri$ate con$eyance) all in accordance wit" t"e Corporation Code) t"e Securities Act and ot"er applica+le laws and regulations4 &;' To $ote its s"are"oldings in ot"er companies and e7ercise all t"e rig"ts of a s"are"older under t"e Corporation Code and applica+le laws4 &.' To do ot"er acts and t"ings) necessary) desira+le or appropriate for t"e attainment of t"e foregoing purposes* &B' T"e secondary purpose of t"e corporation is: to ac5uire) maintain and dispose of properties necessary to !eep t"e company in operation and to perform ot"er acts and t"ings secondary or incidental to t"e primary purpose of t"e corporation* &C' T"e corporation s"all "a$e all t"e e7press powers of a corporation as pro$ided for under Section .? of t"e Corporation Code of t"e #"ilippines* T1IR(: T"e place w"ere t"e principal office of t"e corporation is to +e esta+lis"ed is at etro) anila) #"ilippines* F36RT1: T"e term for w"ic" t"e corporation is to e7ist is fifty &-8' years from and after t"e date of issuance of t"e certificate of incorporation* FIFT1: T"e names ) nationalities) and residences of t"e incorporators are as follows:

Name &9' Benigno A* &;' Cory #* arcos

Nationality Filipino Filipino Filipino Filipino Filipino

Residence Bloc! ;) Lot .) Creen$ille Street) (asmariHas >illage) a!ati City Bloc! ;) Lot .) Creen$ille Street) (asmariHas >illage) a!ati City Bloc! ;) Lot .) Creen$ille Street) (asmariHas >illage) a!ati City Bloc! ;) Lot .) Creen$ille Street) (asmariHas >illage) a!ati City Bloc! ;) Lot .) Creen$ille Street) (asmariHas >illage) a!ati City

arcos

&.' :uan #once #* arcos &=' (oy #* &-' /ris #* arcos arcos

SIBT1: T"at t"e num+er of directors of said corporation s"all +e fi$e &-' and t"at t"e incorporators s"all constitute t"e first +oard of directors* SE>ENT1: T"e aut"ori<ed capital stoc! of t"e corporation is T,EL>E BILLI3N #ES3S &# 9;)888)888)888*88' in lawful money of t"e #"ilippines) di$ided into S1ARES) wit" a par $alue of #ES3S: 3NE 16N(RE( &#1# 988*88' per s"are* EIC1T1: At least ;-D of t"e aut"ori<ed capital stoc! "as +een su+scri+ed and at least ;-D of t"e total su+scription "as +een paid as follows: Name No. of A$o nt Nationality shares S !s"ri!e# S !s"ri!e# A$o nt Pai#

&9' Benigno A* arcos &;' Cory #* arcos &.' :uan #once #* arcos &=' (oy #* arcos &-' /ris #* arcos Total

Filipino Filipino Filipino Filipino Filipino

9@ ?8 A 98 -8

9)888)888*88 -)888)888*88 9)888)888*88 9)888)888*88 9-)888)888*88

9)888)888*88 -)888)888*88 9)888)888*88 9)888)888*88 9-)888)888*88

P23,''','''.''

PP23,''','''.''

NINT1: No transfer of stoc! or interest w"ic" would reduce t"e stoc! owners"ip of Filipino citi<ens to less t"an t"e re5uired percentage of t"e capital stoc! as pro$ided +y e7isting laws s"all +e allowed or permitted to +e recorded in t"e proper +oo!s of corporation and t"is restriction s"all +e indicated in t"e stoc!s certificates issued +y t"e corporation* Furt"ermore) no transfer of stoc! in fa$or of parties ot"er t"an e7isting stoc!"olders s"all +e registered in t"e +oo!s of t"e corporation unless t"e same is first tendered to t"e corporation or ot"er e7isting stoc!"olders under t"e same terms and conditions) t"e same offer to +e effecti$e for a period not e7ceeding t"irty &.8' days from

suc" tender* TENT1 : T"at KRIS P. (ARCOS "as +een elected +y t"e su+scri+ers as treasurer of t"e corporation to act as suc" until "er successor is duly elected and 5ualified in accordance wit" t"e +yFlaws4 and t"at as suc" Treasurer) s"e "as +een aut"ori<ed to recei$e) for and in t"e name of t"e corporation) all su+scriptions paid in +y t"e su+scri+ers* ELE>ENT1: T"e corporation manifests its willingness to c"ange its corporate name in t"e e$ent anot"er person) firm or entity "as ac5uired a prior rig"t to use t"e said firm name or one decepti$ely or confusingly similar to it* IN ,ITNESS ,1ERE3F) we "a$e set our "and t"is 9 st day of :anuary) ;898 in a!ati City* ,ITNESSES: Rolly C* Castillo Cil+ert F* Remulla ACKNO4LEDG(ENT Repu+lic of t"e #"ilippines' a!ati City etro anila ' S*S* BEF3RE E) a notary pu+lic for and in t"e City of a!ati) #"ilippines) t"is 99t" day of :uanuary ;898) personally appeared: Na$e Benigno A* Cory #* arcos Pass+ort No. >F;?.?? >RF=.E@; >F9;.=-? ABF?--== Date Fe+ruary 9) ;88Fe+ruary 9) ;88No$* 9@) ;88= :uly 9;) ;88Pla"e anila anila anila anila etro anila)

arcos

Rolly C* Castillo Cil+ert F* Remulla

all !nown to me to +e t"e same persons w"o e7ecuted t"e foregoing Articles of Incorporation and t"ey ac!nowledged to me t"at t"e same is of t"eir free and $oluntary act and deed* IN ,ITNESS ,1ERE3F) I "a$e "ereunto set my "and and affi7ed my notarial seal on t"e date and at t"e place first a+o$e written* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City ROA 56237

TREAS*RER-S AFFIDA.IT Repu+lic of t"e #"ilippines' a!ati City) etro anila' S*S* I) KRIS P. (ARCOS) of legal age) single) Filipino citi<en) under oat") "ere+y depose and state: T"at I "a$e +een elected +y t"e su+scri+ers of t"e corporation as Treasurer t"ereof to act as suc" until my successor "as +een duly elected and 5ualified in accordance wit" t"e +yFlaws of t"e corporation) and t"at as suc" Treasurer) I "ere+y certify under oat" t"at at least ;-D of t"e aut"ori<ed capital stoc! of t"e corporation "as +een su+scri+ed and at least ;-D of t"e su+scription "as +een paid) and recei$ed +y me in cas" property for t"e +enefit and credit of t"e corporation* T"is is also to aut"ori<e t"e Securities and E7c"ange Commission and Bang!o Sentral Ng #ilipinas to e7amine and $erify t"e deposit in t"e Banco (e 3ro) Rufino Tower) Ayala A$enue) a!ati City in t"e amount of T,EL>E BILLI3N #ES3S &# 9;)888)888)888*88' ) representing t"e paid Fup capital of t"e said corporation w"ic" is in t"e process of incorporation* T"is aut"ority is $alid and inspection of said deposit may +e made e$en after t"e issuance of t"e Certificate of Incorporation to t"e corporation* S"ould t"e deposit +e transferred to anot"er +an! prior to or after incorporation) t"is will also ser$e as aut"ority to $erify and e7amine t"e same* T"e representati$e of t"e Securities and E7c"ange Commission is also aut"ori<ed to e7amine t"e pertinent +oo!s and records of accounts of t"e corporation as well as all supporting papers to determine t"e utili<ation and dis+ursement of t"e said paidFup capital* KRIS P. (ARCOS Treasurer S6BSCRIBE( AN( S,3RN to +efore me t"is 99t" day of :anuary ;898 in a!ati City wit" t"e affiant e7"i+iting to me "is Community Ta7 Certificate No* ;;.?@;?@. issued on No$em+er 9;) ;88E in a!ati City) etro anila* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

T"e Securities and E7c"ange Commission SEC Bldg*) E(SA) Creen"ills andaluyong City) etro anila SirG adam: T"is is to confirm t"at all corrections in t"e Articles of Incorporation of AS/0 N/C 1 SONS, INC. were made prior to notari<ation and were made wit" t"e full !nowledge and consent of all t"e incorporators* I) t"e undersigned incorporator "ere+y underta!e full responsi+ility for corrections made) particularly on pages 9;.*

>ery truly yours) KRIS P. (ARCOS Treasurer S6BSCRIBE( AN( S,3R( to +efore me t"is 9-t" day of :anuary ;898 in a!ati City) affiant e7"i+iting to me "is Community Ta7 Certificate No* No* ;;.?@;?@. issued on No$em+er 9;) ;88E in a!ati City) etro anila* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

RE#6BLIC 3F T1E #1ILI##INES ' City of a!ati) etro anila ' S*S* C3R#3RATE SECRETAR2%S CERTIFICATE /N3, ALL EN B2 T1ESE #RESENTS:

I) CAR(ELITA T. TA8AG) of legal age) married) Filipino) and wit" postal address at Santos I Tayag Law 3ffices) 6nit ;C CS> #roperties Bldg*) .;E aysilo Circle) Boni A$enue) andaluyong City) "a$ing duly sworn certify t"at: T"at) I am t"e duly elected and incum+ent Corporate Secretary of AS/0N/C 1 SONS,INC.) a corporation duly organi<ed and e7isting under and +y $irtue of #"ilippine laws &t"e JCorporationK') wit" principal offices at / .?) Sout" Lu<on E7pressway) amplasan) Binan) Laguna &"ereafter) t"e JCorporationK' and as suc") I "a$e custody and possession of corporate +oo!s and ot"er records of t"e Corporation including t"e minutes of t"e eeting of t"e Stoc!"olders and Board of (irectors of t"e Corporation* 3n Fe+ruary ?) ;88@) at a Special eeting "eld for t"e purpose at its principal office) t"e Board of (irectors of aforesaid adopted and appro$ed +y unanimous $ote) t"e "erein +elow 5uoted resolutions: JRES3L>E() t"at +an! account&s' +e opened in Security Ban! Corporation in t"e name of and for t"e use of t"is Corporation4 t"at all moneys) c"ec!s) and all ot"er funds of t"is Corporation +e deposited in said Security Ban! Corporation and t"at until ot"erwise ordered) said +an! +e and it is "ere+y aut"ori<ed to ma!e payments from t"e funds of t"is Corporation on deposit wit" it upon and according to t"e c"ec! of t"is Corporation) or allow wit"drawal of funds t"erefrom in case of sa$ings account +y way of wit"drawal slips) eit"er case signed +y any two &;' of t"e following: NA E &9' BENICN3 A* &;' C3R2 #* ARC3S #3SITI3N #resident Ceneral anager S#ECI EN SICNAT6RE LLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLL

ARC3S

t"at said +an! is aut"ori<ed to recei$e for deposit or collection any items purported to +e endorsed in t"e name of t"e Corporation4 t"at all suc" c"ec!s) drafts) notes or ot"er negotia+le papers endorsed to or signed +y t"is Corporation) as aforesaid) including c"ec!s drawn to cas" or +earer or to t"e indi$idual order of any officer of t"is Corporation s"all +e "onored and paid +y said +an! wit"out in5uiry as to w"et"er t"e said +e drawn or re5uired for t"is Corporation%s +usiness or +enefit4 and all suc" payments s"all +e c"arged to t"e Corporation%s account4 and t"at t"e a+o$eF mentioned signatoryGries +e aut"ori<ed as aut"ority is "ere+y gi$en to designate or furt"er aut"ori<e a representati$e to recei$e t"e proceeds of funds wit"drawn from t"e Corporation%s account4 "ere+y ratifying and appro$ing all t"at said +an! may do or cause to +e done +y $irtue "ereof* JRES3L>E() t"at t"e a+o$eFmentioned signatoryGries +e aut"ori<ed as aut"ority is "ere+y gi$en to effect fund transfers andGor enroll t"e corporate +an! account&s' Fund Transfer Facilities &Auto Sweep) C"ec! #rotector) a7imi<er and Sc"eduler' of Security Ban! Corporation4 to apply for and o+tain from Security Ban! Corporation* In t"e name of t"e Corporation) any of its +an!ing ser$ices suc" as (igi+an!er) Tele+an!er and o+ile+an!er #roducts) and ot"er ser$ices suc" as) +ut not limited to) (eposit #ic! 6p) Cas" (eli$ery) #ayroll and Bills #ayment Ser$ices) under suc" terms

and conditions as are or may+e re5uired +y Security Ban! Corporation4 to apply for) in$est in andGor o+tain from Security Ban! Corporation any of its Treasury #roducts suc" as) +ut not limited to) Fi7ed Income Security) oney ar!et) Foreign E7c"ange and (eri$ati$es &"ereinafter referred to as +an!ingGtreasury transactions' in t"e name of t"e Corporation) su+0ect to suc" terms and conditions and collateral agreements) if any) as are or may+e re5uired +y Security Ban! Corporation4 RES3L>E() furt"er t"at said signatoryGries +e aut"ori<ed) as aut"ority is "ere+y gi$en) to renew) rollFo$er) amend) re$ise) con$ert or su+stitute as may +e necessary andGor applica+le) t"e a+o$eFmentioned deposits) placements) in$estments) +an!ingGtreasury transactions and ot"er +an!ing ser$ices) o+tained from Security Ban! Corporation4 RES3L>E() furt"er t"at said signatoryGries +e aut"ori<ed) as aut"ority is "ere+y gi$en) to e7ecute) sign) and deli$er any and all agreements) contracts) and ot"er documents as are or may+e necessary to implement t"e foregoing aut"orities* RES3L>E() furt"er t"at any two &;' of t"e following: NA E &9' BENICN3 A* &;' C3R2 #* ARC3S #3SITI3N #resident (irector S#ECI EN SICNAT6RE LLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLL

ARC3S

+e aut"ori<ed as aut"ority is "ere+y gi$en) to apply for and o+tain a loan from Security Ban! Corporation from time to time and in t"e name of t"e Corporation) loans and ot"er credit accommodations w"et"er on line or non line arrangement in suc" amount and under suc" terms and conditions) and collateral arrangements as may +e re5uired +y Security Ban! Corporation4 to pledge) mortgage) assign or ot"erwise "ypot"ecate any asset of t"e Corporation as are or may+e re5uired t"erefore) including t"e e7ecution of guarantees of suretys"ip4 to ma!e a$ailments t"erefrom for suc" amounts as said signatories may deem +eneficial to t"e Corporation) e$en if in e7cess of t"e amount of t"e original line granted to it +y Security Ban! Corporation4 and to e7ecute) sign) and deli$er any and all suc" credit and collateral* IN ,ITNESS ,1ERE3F) I "a$e "ereunto set my "and on t"is ;8 t" day of 3cto+er) ;88? at ar!ati City* CAR(ELITA T. TA8AG Corporate Secretary S6BSCRIBE( AN( S,3RN to +efore me on t"is 9;t" day of :anuary ;88@ at a!ati City) affiant e7"i+iting to me "er Community Ta7 Certificate No* 8E@@..89 issued on - No$em+er ;88? at andaluyong City* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

NA(E OF CORPORATION (IN*TES OF THE SPECIAL ANN*AL STOCKHOLDERS(EETING HELD ON 9an ary &&, 2''7 AT 5:'' O-CLOCK A.(. THE CO(PAN8-S PRINCIPAL OFFICES IN (AKATI CIT8, (ETRO (ANILA. S $$ary of Atten#an"e Num+er of s"ares present in person or +y pro7y F ; Num+er of s"ares a+sent #ercentage of attendance . E8D

&A detailed list of stoc!"olders is "ereto attac"ed as Anne; <A.=' &. Call to Or#er /ris #* T"e #resident) Benigno A* arcos) presided o$er t"e meeting* T"e Secretary) arcos) recorded t"e minutes of t"e proceedings*

T"e #resident called t"e meeting to order promptly at A:88 o%cloc! a*m* 1e t"en as!ed t"e Secretary to certify t"e e7istence of a 5uorum* In response) t"e Secretary certified t"at on :anuary 99) ;88@) notices of t"e annual stoc!"olders meeting were sent +y personal deli$ery and mail to eac" of t"e Corporation%s stoc!"oldersFofFrecord* S"e furt"er certified t"at E8D of t"e Corporation%s stoc!"olders were present in person or +y pro7y at t"e meeting) suc" t"at t"ere was a 5uorum for t"e transaction of +usiness* 2. Ele"tion of Dire"tors T"e +ody proceeded to ta!e up t"e sole item in t"e agency) i*e*) t"e election of a +oard of directors for t"e year ;88@* Accordingly) t"e following were nominated for t"e positions of directors +y &name of #resident') namely) to wit: &9' Benigno A* arcos &;' Cory #* arcos T"ere +eing no ot"er candidates for directors of t"e +oard) upon motion duly made and seconded) t"e nomination was duly closed* 3. Pro"la$ation of Ele"te# Dire"tors Since t"e election of t"e two &;' a+o$eFnamed nominees was uncontested) t"e presiding officer directed t"at all of t"e $otes present +e cast in fa$or of t"e a+o$eF named nominees) so t"at eac" nominee garnered 98 $otes* Elected +y unanimous $ote of all t"e stoc!"olders present) t"e following were duly proclaimed as mem+ers of t"e +oard of directors) to wit: &9' :uan #once #* arcos &;' (oy #* arcos &.' /ris #* arcos

T"e presiding officer t"en announced t"at t"e organi<ational meeting of t"e newly elected +oard of directors would +e "eld immediately following t"e ad0ournment of t"e stoc!"olders% meeting* 6* Confir$ation of the E;ternal A #itor To ensure full accounta+ility of t"e Corporation%s funds and property) t"e stoc!"olders $oted to confirm t"e Corporation%s e7ternal auditor) #edro A* Reyes* >. A#?o rn$ent T"ere +eing no furt"er +usiness to transact) on motion duly made and seconded) t"e meeting was ad0ourned at -pm* a!ati City) etro anila) :anuary 99) ;88@* CAR(ELITA T. TA8AG Secretary Attested +y: /ENIGNO A. (ARCOS #resident

DIRECTORS- CERTIFICATE

/N3, ALL

EN B2 T1ESE #RESENTS:

,E) constituting t"e ma0ority of t"e mem+ers of t"e Board of (irectors of AS/0 N/C 1 SONS, INC.) a corporation duly organi<ed and e7isting under and +y $irtue of #"ilippine laws) wit" principal offices at /m* .?) SLEB) amplasan) Binan) Laguna) do "ere+y certify: T"at) a com+ined Special eeting of t"e Board of (irectors and Stoc!"olders of t"e Corporation was duly called and "eld at its principal office on :anuary 99) ;88@) at w"ic" a 5uorum was present and acted t"roug"out4 T"at) at said meeting and on motion duly made and seconded) a com+ined Board and Stoc!"olders Resolution was appro$ed +y a ma0ority of t"e Board of (irectors and t"e Stoc!"olders owning and representing twoFt"irds &;G.' of t"e outstanding capital stoc!) as follows: JBE IT RES3L>E( t"at) t"e Corporation +e) as it is "ere+y) aut"ori<ed to increase its aut"ori<ed capital stoc! from 3NE 16N(RE( BILLI3N #ES3S &#988)888)888*88' di$ided into -)888 s"ares wit" par $alue of #988*88 per s"are) to 3NE 16N(RE( T,ENT2FFI>E BILLI3N FI>E ILLI3N #ES3S &#9;-)888)888*88' di$ided into --8)888 s"ares wit" par $alue of #988*88 per s"are* RES3L>E( F6RT1ER t"at) t"e Corporation +e) as it is "ere+y aut"ori<ed and directed) to effect t"e said increase and amend accordingly t"e articles of incorporation in accordance wit" e7isting SEC regulations on t"e matter* T"at) t"e foregoing resolution "as not +een amended) re$o!ed or superceded) and remains in full force and effect* IN ,ITNESS ,1ERE3F) we "a$e "ereunto set our "ands on t"is 9; t" day of :anuary ;88@ at a!ati City*

/ENIGNO A. (ARCOS #resident

COR8 P. (ARCOS (irector

Attested To: CAR(ELITA T. TA8AG Corporate Secretary

S6BSCRIBE( AN( S,3RN to +efore me t"is 9;t" day of :anuary ;88@ at City +y t"e a+o$eFnamed persons w"o e7"i+ited to me t"eir passports as follows: Na$e Benigno A* Cory #* arcos Pass+ort No. >F;?.?? >RF=.E@; SF.?=?=? Date Fe+ruary 9) ;88Fe+ruary 9) ;88arc" ;-) ;88= Pla"e anila anila anila

a!ati

arcos

Carmelita T* Tayag

(oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A

San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@

(IN*TES of the ANN*AL STOCKHOLDERS (EETING OF RADIO (INDANAO NET4ORK, INC. HELD AT THE /OARD@CONFERENCE ROO( OF THE R(N HEAD OFFICE AT THE CIT8 CONDO(INI*( I /LDG., SALCEDO STREET, LEGASPI .ILLAGE, (AKATI CIT8 ON (A8 6, 2''A AT A:'' A.(. T"e meeting opened wit" t"e singing of t"e national ant"em followed +y an in$ocation led +y (irector CABB2 C* C3NCE#CI3N* PRESENCE OF )*OR*( ,it" t"e attendance of t"e stoc!"olders representing more t"an twoFt"irds &;G.' of t"e outstanding s"ares) Corporate Secretary CAR ELITA T* TA2AC certified t"e presence of a 5uorum* T"ereupon) t"e Corporate Secretary introduced t"e C"airman of t"e corporation) CABB2 C* C3NCE#CI3N* CALL TO ORDER T"e C"air t"en called t"e meeting to order* (IN*TES OF THE PRE.IO*S (EETING 6pon motion of r* EL>IN S* SIL>ESTRE) a Stoc!"olderG(irector of t"e company) and duly seconded +y r* :A2#EE T* CARCIA) anot"er Stoc!"olderG(irector) t"e reading of t"e pre$ious annual meet of t"e stoc!"olders was dispensed wit"* REPORTS &A' Financial Statement for ;88E FFF (irector and >ice #resident for Finance :A2#EE T* CARCIA reported t"at for t"e first 5uarter of t"e current year ending arc" .9) ;88E) t"e networ! reali<ed a gross re$enue of #@9) @A.)A-. and incurred a net loss of #E).8?).-;* T"is was an impro$ement of t"e same 5uarter of year ;88A w"en t"e networ! suffered a net loss of #99)-A=)..A* &B' Corporate Acti$ities ;88A FFF R N #resident CABB2 C* C3NCE#CI3N) w"o was elected C"airman of t"e networ! after t"e passing of Founder and C"air Ca++y C* Concepcion in ay ;88A) informed t"e stoc!"olders t"at t"ere was a 9ED drop in t"e company%s profita+ility) from #;-)8.8)8.. in ;88@ to #;8)..A)?9; in ;88A* Re$enues were lower +y 9D) from #=@A);9@)9=. in ;88@ to #=@=)A8@)E8; in ;88A* And e7penses grew slig"tly) from #=-9);8@)8E= in ;88@ to #=--)9@A)A=A in ;88A* T"e C"air also reported t"e capital e7penditures incurred +y t"e company for its etro anila A and F stations pro0ects) li!e t"e full relocation of t"e networ!%s 9F F transmitter facilities from t"e Cuadalupe Commercial Center in a!ati to t"e Atlanta Building in Creen"ills* For more detailed corporate acti$ities of t"e networ! in ;88A) t"e C"air in$ited t"e attention of t"e stoc!"olders to t"e STATE ENT 3F T1E C1AIR AN in t"e company%s ANN6AL RE#3RT ;88A t"at were distri+uted prior to t"e meeting* ACTS OF (ANAGE(ENT AND A*DITED FINANCIAL REPORT 6pon motion of r* EL>IN S* SIL>ESTRE and duly seconded +y r* :A2#EE T* CARCIA) t"e stoc!"olders appro$ed t"e acts of management and t"e audited financial report prepared +y SC> for t"e year ;88A* ELECTION OF DIRECTORS FOR 2''A02'&' Corporate Secretary E((IE TA 3N(3NC nominated t"e following for (irectors of radio indanao Networ!) Inc* for ;88EF;898:

essrs*

CABB2 C* C3NCE#CI3N EL>IN S* SIL>ESTRE :A2#EE T* CARCIA R3BERT (* :A,3R/SI FRANCISC3 S* #ANCANIBAN : C* I #ERIAL

T"ere +eing no furt"er or additional nomineeGs) r* Antonio S* #ayumo) seconded +y r* Ru+en B* de Cracia) mo$ed for t"e closure of t"e nomination* ,"ereupon t"e stoc!"olders $oted for t"e nominees as (irectors of t"e Corporation for ;88EF;898* T"e Corporate Secretary t"en ANN36NCE( t"at FFF essrs* CABB2 C* C3NCE#CI3N EL>IN S* SIL>ESTRE :A2#EE T* CARCIA R3BERT (* :A,3R/SI E((IE A* TA 6N(3NC) :R* FRANCISC3 S* #ANCANIBAN : C* I #ERIAL were elected (irectors of Radio indanao Networ!) Inc* for ;88EF;898*

ELECTION@APPOINT(ENT OF CORPORATE OFFICERS Following t"eir election) t"e (irectors officers of t"e corporation for ;88EF;898: C"airman I #resident F >ice #resident F >ice #resident F >ice #resident F >ice #resident F Corporate Secretary F Comptroller F E7ternal Auditor F t"en electedGappointed t"e following as CABB2 C* C3NCE#CI3N R3BERT (* :A,3R/SI :A2#EE T* CARCIA EL>IN S* SIL>ESTRE E((IE A* TA 6N(3NC) :R* CAR ELITA T* TA2AC FRANCISC3 S* #ANCANIBAN SC> I Co*) represented +y s* CIRLIE * S,ERTE

CLOSING RE(ARKS Closing t"e stoc!"olders annual meet) t"e C"air) CABB2 C* C3NCE#CI3N) paid tri+ute to t"e networ!%s +elo$ed Founder and C"airman ABI IAN3 (* C3NCE#CI3N w"o passed away untimely in t"e 6nited States after presiding o$er "is last stoc!"olders meet on ay -) ;88A) w"ose leaders"ip and inspiration were missed +y t"e R N family* T"e C"air concluded "is remar!s wit" e7pression of appreciation for t"e continued support of t"e stoc!"olders and commendation for t"e dedication of t"e networ!%s employees* AD9O*RN(ENT T"ere +eing no furt"er +usiness) t"e meeting) upon motion duly made and seconded) was ad0ourned at 98:88 a*m* #RE#ARE( AN( CERTIFIE( C3RRECT B2: CARMELITA T. TAYAG Corporate Secretary N3TE( B2: GABBY C. CONCEPCION Chair & President

(IN*TES OF THE SPECIAL (EETING OF THE /OARD OF DIRECTORS OF THE RADIO (INDANAO NET4ORK, INC. BR(NC HELD IN R(N-S /OARD@CONFERENCE ROO( AT THE CIT8LAND CONDO(INI*( I /*ILDING SALCEDO ST., LEGASPI .ILLAGE, (AKATI CIT8 ON 9AN*AR8 7, 2''A AT A:'' A.(. After t"e opening prayer led +y (irector CABB2 C* C3NCE#CI3N) Corporate Secretary E((IE TA 3N(3NC certified t"e presence of a 5uorum wit" all t"e directors in attendance* ,"ereupon R N C"air and president CABB2 C* C3NCE#CI3N called t"e meeting to order* 3n motions duly made and seconded) t"e Board appro$ed and passed t"e following RES3L6TI3N: RES3L6TI3N N3* ;88EF889 BE IT RES3L>E() as it is "ere+y RES3L>E() t"at RA(I3 IN(ANA3 NET,3R/) INC* &R N' +e aut"ori<ed and empowered to &9' assign) transfer and con$ey its Spectrum and Fi7ed Assets in fa$or of BR3A(CAST ENTER#RISES AFFILIATE E(IA) INC* &BEA ' its successors and assigns) &;' sell) transfer and con$ey its new purc"ases of e5uipment) parts) supplies and ot"er materials in fa$or of BEA ) its successors) and assigns) and &.' assign) transfer and con$ey in fa$or of BEA all its &R N%s' rig"ts and o+ligations for t"e oT> ser$ice R N will pro$ide Clo+e Telecom) Inc* RES3L>E( fart"er t"at R N C"air and #resident CABB2 C* C3NCE#CI3N +e aut"ori<ed) as "e is "ere+y aut"ori<ed) and on +e"alf of R N) to enter into) e7ecute and sign t"e corresponding deeds of assignment and sale to carry out t"e aforesaid transactions* T"ere +eing no furt"er +usiness) t"e meeting) upon motion duly made and seconded) ad0ourned at 99:88 a*m* #RE#ARE( AN( CERTIFIE( C3RRECT B2: CAR(ELITA T. TA8AG Corporate Secretary

N3TE( B2: GA//8 C. CONCEPCION C"airmanG#resident

S6BSCRIBE( AN( S,3RN to +efore me t"is 99t" day of :anuary ;88E at a!ati City) affiant e7"i+iting to me "is CTC No* 9E@A.@=? issued in anila on :anuary -) ;88E* (oc* No* 9;.= #age No* ?@A Boo! No* 9= Series ;88A San"ho P. Ro$ al#e, Notary #u+lic 6ntil (ecem+er .9) ;898 #TR No* A@EA@-= ;G9=G8= #asig City IB# No* =-E.@ 9G8EG8= #asig City R3A A=;.@