AMEMDED BY-LAWS OF JOLLIBEE FOODS CORPORATION

Article IV BOARD OF DIRECTORS Section 1. NUMBER AND OF TERM OF OFFICE

The board shall consist of 9 directors who shall be elected by stockholders at each annual meeting and
shall hold office for 1 year until their successors are elected and qualified.

Section 2. QUALIFICATIONS AND DISQUALIFICATIONS

Basically state the qualifications and disqualification for nomination and election to the Board Directors.

Section 5. NOTICE OF MEETINGS

Notice of meetings shall be given by the secretary by posting the same in a notice addressed to each
member of the board transmitted through email or telegraph.

Section 6. CONDUCT OF MEETINGS

In face of modern technology, board meetings can be done through videoconferencing or

teleconferencing.
Section 10. COMMITTEES and Section 11. EXECUTUVE COMMITTEE

It consists of a nomination committee, audit and compliance committee and compensation committee.
Each have their own responsibilities and are composed of board members and an independent director
within.

Section 4. LOST, DESTROYED AND MUTILATED CERTIFICATES

A holder of any stock shall immediately inform the corporation of any loss, destruction or mutilation of
the certificate. He shall file an affidavit in triplicate with the corporation stating the circumstances of
such event.
Article VIII AMENDMENT OF BY-LAWS

State the power to amend, repeal or adopt new by-laws of the BOD and the majority owners of the
outstanding capital stock.