‘Republic of the Philippines: OeER Gtetnhit, Marcahuyong ‘MetroManila #.£.0, ap Wo, 2108478, ‘TO ALL TO WHOM THESE PREGENTS MAY COME, GREETINGS: WILENEAS, Anicter 6f tocoeporation duly signed and acknowledged for the organi: PHILIPPINE SEVEN CORPORATION ter end In accordance with the provisions of the’ Corpolation’Gode of thw Philippines, i Pambansa Ble, 68, approved on May 1, 1080, weit. presented for-tiling bn-this ——Nevember 23, 1982.” sands comy.of tat NOW, THEREFORE, ‘op viive of the powers end tuflr-teted Jo me “by law, do Corti that the anid Articles of Incorporation wert, die exaentriation 13 Geter nthse they are In.iecordance. with lew, duly regifiared in shi’ Comentyion.on the dey of.__Novenber ane Doni: Nietaan Hundred ane” IN TESTIMONY WHEREOF, "I have harednts ‘satiny ‘band and caused the mat of thin Conaminion to be atti | Mandelayong, Metro Manila, Philippines thie “J doy. November, OTT i9 fovenber.ARTICLES of LEDArOMMTIa! or Pinar Re svi comorariay SL pace ALL PEN BY TERE PIESTRD! bos ‘hat ym, all of leant ace aust the majority of where iw an sidnte of Ue IM liggime, om Uhte Wy dav of Cetber, 1982 at Fokat, Matro Mantle, have voluntarily serctatad onrenlins to~ gather for the purpee of fonalng « corporation (tha Corporat ton") under tha Lew of Ua Topublic of the Philipines. (ND Wr WERY CERI FIRGE That, the nae of the Conoraticn dill bar MILLAR seven cooMTTaY ~ arm FBOCED! Tat the puryone for which fhe Corporation fn fommt py grsmr tne cori oxtny on med Gaal tn the Insane of gis rntailing, ancchandining, tying, wallini, mackating, tnporting, ¢/ emporting, femehining, qnifring, holding, distributing, warehousing, Ermling, exchainiting oe cehmteinn dani fg Sn mil kiln of grocery Lorn, ry gory oon oF fontatnttny Levarngoa, drinks nnd All Sterna Cor all Xe ofa (tt? (ia rela of cnmmer noni oc inquiterente, med any and ell geols, wnon, norchmniins, ccmedities or articles of comics of all kinla, lancer and descripttons, incluting manszonant edzvicos, mysters, techniquaa and tedivologies for the distribution, retatiing, rar chentiaing, marketing, purchase, soqulsiticn or sale of any and all of the 'abeve, ancl nn incidental or related Uareto, expiring, Luying, Ineaing, welling, exchanging, building, construct ing, ope rnting, mmoging or othervtte dealing in the cutlets, wershawes jam, atocaan, storan, groceries, en’es stanin of contorn, antaries, mtcratn, enfetorine, shops, bacaare, enporiinn, ccm rortmirmen, hota! fm conbinatton or chain trereot, mid nny and all mpl ta or sindLar entahlintmenta ant/or tener ingretionte, materials, tools, ‘contrivaroon, vehicles, machina or agyatntua employed tn Or rmintad to the = rain, puixchernt, marketing or distribution of said fouls or foodstuttn, Lavaree, rinks, items, gooda, waren, rorchanites ard oomlities, aa prin if? SKOEDARY ruroues ipa nant Loaaes pecan, ‘estar, Baie ox Bi my etter oopectyy , mee jie 7 In furthexance of the priniaty purpooe haraLizefore get forth ant not in Limitation of-the pcuers granted by statute, Ehe Corpo- ration my do ant perfom any wel all acts and thins thict may be ronscnsbly recesany, proper or comentent for the attaiment of the abjecttvns and purpooes of the Corporation, it baing exprnasly provided that the foregoing oruaraticn of spaaitic purposes endPoss shall pot. be held to Limtt ox rertréct in pny manor the Snoeral puxrcnen aid porn of the Corporation, nor shall tha woprenaicn of che thing Lo domed to exclude mother, althooys of Like nature, not mgrenoad, it betny imdoratoot that the Compo- Ention may éearcine any and all eidita, privilngen, punce cnt attributes of other corporaticas in queral ent emectaily of corporations of Like nature oruantaed unier end by virtoa of ti Anes of tha Millipntrnes Le te ena, buy, plan, develop, redavalop, rehab{Litate , dorian, omstnet, bald, fname, manne, mibiivios, prents, SEors well, maka, loaba, owhnye, cpernta, maintain, mini: Aintar or otherwina “deal th my and all Kits of dndiatiial. covmroial, renidential and other Landa, housing midiviniais, Anhntrial parks, commrctal omtara, recreation OF reccit come plooma, factories, Intldinge, spartronts, heatsin, dual lim tintea, tenerontn, cmtoniniies, planta, structures, othor aimtlac pros Fartios of taal entatns, x3 to provide or ronier gomrnt minjo- Mant And spectalicod tnchntenl meviers to lrid-oulera, Inel Aeolopmr, contractonn art other persona aid entities Liwolvel An thn ral estate trdintry. 2. To porch, car, hold, eoquiy, LL, methane, comny, Asana, wortgnm, pledge oF otbarviea dispree of such mahtnarion, cautinant, vahiclen, tools, arterials, mrplies or ether pits an may ba neoamnry, conmfent or appropriate for the purpens oF the Corporntion, without, homer, anuoaing in the busines of a Hinmeimy company, 3+ Te pein, jamcham, am, bald, coll, comay, whan, hleke, roxtgez, mewber, or cbtatn an intarmat in nal muon’ ‘perecnal property that may be necesaary or appropriate to Garry on its ebjects ant punoma, or to protact the Corporation fri lone Spgccant of n Gredit, guaranty, accammlation or othor ajieoront that my be contracted by it in good fatth. = 4. Ro enter, into my enemmnt or cartract with my Gove nent or my of the agmctes ant instrummtal ities thereof or with any yermen or company oF any undertaking thet ney wane conhesive to the’ pktatnmnt of tia d>jectives of the Corporation or any of then, wd to cbtain from ay covermant, euithoHtty, petscn oe com Teny any rights, privileges and conconaiens wich the Corporation Fay deem Gnsirablo to chtain md utillze. 5. > obtain or borroy mony to maport or carry out its chJocts wx! purposes mel to make, tamu oF eooapt [ates, herve aval cther evidence of imbaltechons of all kinda ext to seciica ha nie » to the extant required, ly mortamys, pledge or otherwise, or eid or readily marketable peguritins so an not to make mc fe 6. To neko intorim placarente of ttm funda in ay short-torm Fl frie idle a} woroductive poring their full devotion oF tinn to | { tt principal cbjocts ant purpome for Mitch the Corporat ion haa been, jh AraRN med wo maaly ry WM burfiingearl Wager7. To the extent aLlowd by Lm, to mincrite to or purchase for bueiners purposes tha crpttal atock of other corporations on Atlee within or ontetle the Millinplies, in the crests viae bility of Match the Corporation may be intareatedy 8. To sitar, within the Lintte allowed by Law, Gite my mee Kenperent for whariiy profite, umtcn of dnterente, Joint vuaueee, reatyrconl orerennions or othareian With any porean or Jur latent entity mosring in oe shout to angigt tn any bunitnan on tnmong- Lion Mitch the Corporation £m sutharized to arty cor atone in, Mather mich hontinen cr trananction my dimctly of fnlirectly be patit Uo Omporstion. 3.) ub ject to the provisions of npplicaile Imm, ¢ amy, tor Turchane, bold, score or othandae soptire any mane, cond iin tien or cthar nothate of conbinatien, the wine or any part of te Yecvorty, anata, bustmon, ooobill, rights, privilngs mil tran Chitgan Of all ktnite, ant to unvinrtaice or aamne the wala or snp Part of the Lahti ities ant obligation aftay perncn, flim, ano for thy ae or my part of the, to gO ontNaLfeh anVor enintatn such reancnable amigas anor Sirah beste plane or dafarret cenpenaat len nrcensemin decken dling stock option, been or tock purchaoe plana, na tle welomeien Se pannrens of the Corporation may parm(t and me tte boaml of bt. UT sally foe, obtain, mgistar, Lenme or othmiwine moxputre, nyt to hold, uae, com, cpacate, all, wasign, or ctherwion disiee Sh my trade werks, trata noms, Lininess none, patente, Sent ican, Gostgu, copyrights, inprouments and froreaser onl in orn ee: Yith on mcured untar lettare-patente Of the Mulippines ce of celar cermbasion agents, ARR Tanaral maschante or doalars tn ovary dascripticn or ere, Queen, goo, arttoles an} rerchardine ail to carry ci tin bealecen Seenaeetegs, smuostars, indartora, Sunoenalenaties, haleesia pr cay Cmbescors, forwarding agante, beware or agailghae sce sy permon, Elin or coxpormtien, Histo . MS 14, To Intl, erect, construct, purciaoe, lenne ox cflienvine eo Wige quire, tary, mall, ‘com, dispooe of, establinh, maintain eerste ant Aumish biflding oats, and ralnbad necvices for factories, werwicuren, notes, butlding, strictures, offices, hanes, wxke, rechincion, nliteay onempe e ctor butldinon tage ate maT! thar prepeckiee and thinge of wixtever kind ant charncter, realy Eermenal of mixed, tagihle ce intangihla, muftable oe moagany tn Porwection with ie buttnees herelndove tee forthe Ady To Go all and everything suitable, convantent and proper for Be xcomlistrmit-of any of the purposes ant for the attatment of MY Of the chjacts bevoin arumrated or incidental to tle purreeas\ t x N Ys ss Ph foretn nema, oe witch shall at any them appar comet or ox~ foliar fee the protection ce hanmftt of the Corporntion, freli= Ring the omrcies of the pamre, mithoriting, attriiatas contarred Ween jealdlon parnees by the corporate Lew of tha ThiLiypinn, teh ne the taking, exmcuticn, parformnoe ani carrying out of Con ences of aumcy pare or Kins Ainiuting contcarte grant int, Ghearmibs ant othak petvilagse rastecting any of tha pryerty. real oF parnonal, cared by the Cororation. * UTD, = Thee Un principal offios of the Compocation salt be loontad en eatablinhel in Hakath, phere Hania, MUL isin however, tl Bonn! of Directors may extablirt rol matntatn mth branch offices within or cutelde the comtry ne it my dean crs plank ox recesanry for the business of the Corporation, TOUR. = That Un tam for shich the Coryoratfon 49 to aytnt Se titty (30) yaara Creme And gryagith® date, of Anmuanos of tls cer tXtiente af incorpnyation. TEM, - That the nerwn, national teles ant residenoes of the Ancorporntors of the Corporation ase me folltma: we ETILTTY, Viowite T, Paterno Filipina 189M, Paterno St, San Suan, Metro HLA. aon te Tanto WAliping wp, 15 17th streot, rm New Hantle, Quezon city tered 'Ys rents Hilpie Yb, 15.12th sereot, Yew Mania, Qonron’ city Trerpisco R. Sibel Miliptno No. 1 Aenatin, Valle Verde 111, Pasig, Metro Hs. AlaL( L. abel, Filipino Mh, 1 donotn, Valle veces TET, Panty, betro Min. STO, - That the mbar of directors of the Corporation ahall bo five () mvt the nes, national {tine ed residences of tin first dire tore of tha Corporation, who shall aot an moch until thete mnceasors shall have been Guly alacted and qualified, are as, follows: mn wamowrTr resunice, Vicunte T, Fates Filipino 159 M. Pater Bt. Ban Duan, bated ida, Jom 7. Pando Filtpino Yh, 15 12th Stioet, : Now Manta, Qaoma city Marilyn Ve PanSo TLiplno Nb, 15 12th Street, Nine Manila, Quezon City Francteoo Re Stbal Filipino No. 1 Neacia, Valle Verda TIT, Pasig, Metro Hi Alt Ly Stbat Futpiio Yb, 1 Aceata, Valle “wane TIT, Paaig, Matro MinSevere = vat the aptnor ited oapital atook of the Corporation te ELEVEN’ “intron vance U1 in Tasted noney of the 7} Postppinee, sod the aald eapltal soar ie divided inte Ona winters ‘F) ‘Ran reusing. (114,000) eharea with » par value of OKE MwUNID Fito In which will re ipino citivens to less than the required Previdea by eclating Laws Sv'elloved or peralttad to be tecorded in the proper beoke of the Mo transfer of steak or of any {nterset the duce the ometship 0: OK UE 7 A arzs00,990,00 7 he aforsaatd subsoribara hare sotually pald at NM) percent of the total subsoription ae fellow eam cmt masts cpanel e exibers oe Trysearer of the Corporstion Us act an auch until har wud~ enor shall Nave been duly slected and qualified In sooptdance vith the ty-teve of the Corgoretion, and that as auch Teaautery she baa been 3 authorited Ls reesive for and in the none and for the benefit of the Corporation, ll pubseripaions paid by the mubscr tnera, t SLYVEETE, = ach shareholder of the Corporation shall at all be entitied to preeeptive rights in roppect of all issues of stocky iether meh teanes are te be made out qf present suthor ined tiecempltal stock or ont of proposal inoreape of muthori xed cnpital fhedk or trem treasury. Such preonptive righte shall extend to Shares adaued fot property, for services, Of iN payment of imtebtod- none, or for shared of another corporation, to pecuritien cawor- Etple into or eachmmenhla for any shares of ateck and to cuttons to purcheos ry much share or any much comertihle or excharzeable pecrity. In Ue exainine of her/ite preemptive tlgitn, enh char Helene tum to parmit hor/it to retain Any prior govmrmental or reqilatory aprownle requir) uh op pllewmla MmiLimine or formton Ima in connection will the ernseien of such righta! provided, hoanr, that the refusal or {atlure of any rhardolder to mibscribe to or to paxcham all or sy of thn Mains offaral for mbroript ion or mala shall not prevant Uw chor shareholders from eubesribing to or purchasing, rx the Comorat fon from ineuirg or walling, tho shares bain offeted for mbwet ition of ela, In tha event any holder of shares, incluling pledgien of ant holders of ary intareat in wich aharon (haminiftar rnforre] to mm tn “Oftex*), dantres to eal or transfar her/its waren of tin canttal stnck of the Coryoraticn, such Offeror ahall first offer to well much shares [herminafter ratnrred to as the “Offre! Sharoo’ Pro rata, to the other shareholders of rocor! af the Corjoret ten. tyen mich tanm and at euch price per share an may ba mpocitted by Us offeror. Hf m shareboldor to wen the offor ts mada dons pot nocapt the otter within 30 days frm the date of recaipt thernof, than tha OF foror ray sell or transfer the unsccepted Offered hares to any tacty free of tha foregoing repitiement atm price no lame than thn price at which te Offered Sharve ware tna offered, provided that if tin Offeror camet chtain much price but does receive a bona fise written offer frm a mapenmibia third party to purchase the Offered sharon at a price lowe than mch price, than tha Offeror ahall furnish Uwe othar shareholders of recon} of the Corporation vith a copy of the bona fide offar ant euch other sharobalders shall have 30 days from the dabe of receipt toreof within which to purchase the Offered Shares at the price provided in much bons fide offer. If a share holder does not marine mich right efthin much 30-day porto, the Offeror way, within 30 days thereafter, e@ll or trrnater the Offarad Shares to the third party at the price prorided in auch bena fide Offer, ant Lf the Offeror than doos rot’ eo mall or trensfer the mharms to the thint party vithin atch 30-day period, Un Offered Shares shall again be muxject to the foregoing requiremnt. Mt- withatanling the abo, in any event the Offered Shares shall again be mibject to the foregoing requtrenent 1f no sala or transfér of the Obteréard Sintewe Le mele by the Offeror within thene (3) mentin aftar the data of tw original offer to tha other stockoldera to rom the offer was mea, The right of first refusal herein granted shall not ba asesgn- able wrert to om Affiliate or bubeidiary (as horeinaftor dofined) Of m atocthaldar to wher the offer wan meta, and nant ba oxinratin’ by much stockhaldar mni/or Atiiiete oF Mubaldiany with remnant 0 alt shares of Offered Bates corresponding to much stockhdlier anlYor Aetiliata or Sobeidtary, Ney transfer of shares shall be fubject to ‘he neceanary approval, If any, of the apreopriate offi or agency of the Greciment of the Pepublic of the Milippines, end ahall not become effective wittl such mpproval hay been obtained.‘The requicermrt that a shareholder Clret offor her/ite shares to other shareholders of Ue Corporation shall not apply in case shore the nal or trantfer ie hada with the prior written convent of ta cthar aharsholdaxa or shere the trantfar or sale in rvia to the Corrorntion itealf, to mother sharcholder of thm Coryorntion, to an AECiLinte or fubaidlary of the transferring aterkbolder, to a rontnes Qdreator representing a corporate stockholder, or to Airect ascendant or damcardant of tha transferring ntockholdar. An uned in thin Article, the tora “ACiLLinte” and “subetdinry” in reference to a corporate stockholder shall respect ively meant (Uy TACELL tate woane wry “Subsiddary* an ca- Cima in section 2 harsot, As wall an any corforn ton, partoerphlp or other form of assoatat fon which ome cr controls, directly or indirectly, frty per cant (40) or more of the voting shares of the Cor poration or any corporate atockholdar of the Corpo tation or Much mmreines, dirmctly or imitrectly, effective manwzrmit control over Uw Corporation or ty corporate stockholder of tha Corporation, (2) tpubetdtary* wanna aby corporation, part” nership or other form of association fifty parcent (300) or mere of whose voting shares are ound oF controlled, dirotly or indirectly, by the Corpora tion, oF evar vhich the Corporation @orcinee, di~ rectly or inifrectly, effective mannyenant continl . ‘Tiana rostricticns ehall ba indicated in all tie stock cortiticates of the Corporation. Jay vstetina of ahece pravigtene shall be sed ond, neve aie) tana acs ie wives sc Aon nef Po + et the place first above wet forth. barat, t feepue Cpr caf, es ae "ane M bag ie” nit 6 STORD 1 WWE PrESHICE oF: / Gboroven AneRUOWLEQGNENT TeRWLIC OF TE MILI TPIUS) 5g fovart, Mero ow FS x x BFFORE I, a Rotary Public for ant fn the show furtalfct ton nL gun 2Y Of paswatarl%62s poreonally ajpoarod tha follows wer PRSIURICE CRITLFICATE 1D, TRIPAVER ACCT OMB @ FINE OF ISSUE meni Vgcanta T. pater — paiasusenis W/4-29-82 P 3659-0 1625-A-4 taketh, Metro tienda gous Te Panto nah 7712/3-04-02 6327-024390-4 Nacath, Date Heedle : Macélyn Ys Pano pay a3434175/3-10-82 P 6327-24390-4 Hakats, Hotro Hentia Francipoo Re Bibel. pgq-an42398 B/2-09-82 8 1410-40151-0-9 Quezon city Alali 1. sibal 8 1O211S1 AD all Kron to rm ant by 1m keri to ba the ana persons who exocuted ‘the: foregoing Articles of Incorporation and they sdorwledged to ne that the sash bn Elmir Un fra’ and voluntary act and deed, eesé kr iy ND NITARIAL SEAL on Une date ant at Om ple st RE BS “a a neg pea. toe LPs Page Vo. AC Book WoT Baries of 1582,PARNLIC CF THE HITEIPPIETS) Muost, Memo ora} SSe aeouen's ArPuWET Ty MARILNH V. PAID, of legal age, Filipino and a resident: Of tb. 15 12th Btreat, New Hantin, Quezon City, MiLirpines, Aftar being sworn accomding to Im, herely deposa and state! 1, That on 7th day.of October, 1982, T was duly elected by the mbscribern narod in tha foregoing Articlea of Incorpo- ration aa Treasurer of the PHILIPPINE SEVEN COFCRATICN (Ue “Oorporation") ; to act an euch until my miocenpar has been duly elected ml qualified {n noconlance with the By-Laws of the Corporation: 2. That av muh Treasurer, I have been authorized by the mipectibern to recetve for tha Corporation all subserfptiona paid in by tha mbscribers for the capital stocki y sie “monarie memes Peeon (711,000,000.00), ThiLippine Currency, have been actually ie i er mina cate bes Gee et oa oa one ere cei Dame Rot Rance Nee 4. shat ne Least trenty-fiem percent 4251) of the entire sutporised capital stock of the Corporation has bean mbacribed and at least twenty-five parcant {25t) of the total mbncriptton has been actually pala to na in Gah ard rocetved by ne for the bonatit gf and to the redit of the Corporation. IN WHINESS HFEREE, T have hereunto aftisond my signature on this {2d day Of Mownber, 1962 at Makati, Metro Manila, Thilfeninca, a vy. PARDO An Truat SURSCRINED AND SHEA to before ma on Uta idl any of Rownber 1902 at Makatt, Metro Mantle, Thillppines. AEELanE exiibtted to tra har Residence Cartifienta Nig. Au + ‘inven me 458 TS—— 2072982 “epson tet —" ‘march, Boe. Mow sagt A 3974 Page HoT mm, Book Ho. Series oF FR2.