REPUALIC OF TNEPHILIPP]NES

SECURITIESAND EXCHAiIGECOMITJIISSION
SECBulding.EDSA Greenhrs
Cltyof MandauyongMel.oManla

coMP^NYnEG.NO. 9736e

CERTIFICATEOF FILING
OF
A]!IENDEDARTICLf,S OF INCORPO&{TION
KNOWALL IERSONSBYTHESEPRESENTS]

ThG is ro.errilyftat rhcanendedarticlesof in.orporatjonoI thc

BDO LEASINGAND FINANCE,INC.

l,\mendins Airicle I I rhercot.l

cort anneted, rdophd on Mr.h 0s, 2012by maiorfty roic of rfic Doardof
Apit 13, 201! by the lotc of rho *o.khotde6 owning o.
fplesenring ai reir rqo-thirdsof rh€ ou$bndins .a
craryand a naFrity of rhe roardofDnedoreof
rhe .orpoGiionwls approvedby r|c cohfjssion oD rhn ddc pureaanrro ihc
16 o1 rhe Corponriotrcod. df thc phitippines,sahs
Panbans,Dr8.63,approvcdon Mry 1,1930and.apiesih{cof arc fit€d sith thc

r itrcrdy his obhined rhc rppioplire

s..ondrry r,iccnsefiof rhis con'nission,this ceiifi.re do.s nd iurhorizc ro
ftd eb kc b usincss activiri es .cq uning : se.dndrr' Li( enscrron rhij con,nission
suchat bur nd li'niicd ro din
sc.unios .risibk dcatcr(cslD), inlcnmenr:dviser of rn invcdflnt q,nprnl
nt compin, ineadoeni house rin+{ rsenr.
cormodny/imn.iar fururcs ei.hansq,broker/merthrnr, finrn.irs .onpiny and
rinc srmreq/.rub shms/n€nb*hip ccrili.ai.s issu.G or scninga8.nh thcreof.
Nelh$ doesthn cqtifi.arc.ons
oothcisovcn'henragencics reqri

rN WTTNESS WIiIERIO' I hrve sct my nlnd and (iused rlls s€ardf ihn
. o n r i \ \ i u ni o b cr ' , l i p d vr,.rt.ro,qi,r].v{,o\t"iiti
r h r e e r r e 5t h s I L r a l o f olrobe rGenryrrch.\

DINAND B, SALES

o m P a n jR e g j s f r iifo n : n d ' u o n r t o r i n aD € p r r r m c n r
 COVERSHEET

0 7 3 9

B D E N D N N N c

Do E N c E T E
o T H N DEN
o T E E z N T

JOSEPH
JASONIIII,NATIVIDAD {632)840-7000
loc.324i3

m nrcEs oFrrcoRPoMT
o[ ({0F0RacroRs)

r-----_l
 OFINCORPORATION
ARTICLES
AMENDED
OF
AND FINANCE,INC,
BDOLEASING
(formerly & Fnance,
PCILeasing lnc,)
(Aramended
onluly 30,2oo7)

PRESENTS:
KNOWALf MENBYTIIESE
Thatwe,a of whomareof lela aqe,ctizensandeldents of the Phiippns, have
thisdayvounbrly a$ociated toqether
ou6elves 6r the plrpose of fom ng a corporation
underthelawsof thePhiippines.
ANDWEhERIBYCERTIFY:

FIRST - Tiat the nameof the saidcoPoradonshal be

.ADO TEASTIiIG
ANDFINANCE, TNC,"
(Asamended
onruly30,2007)

sEcoND- ftatthe pueoseof for whchsad @rpoGton i5formedare:

That the purpos$ of obj€.ls for whichthe Co.porationis fomed are:

To engage,dealln the leasinqand financlnq busnessin al ts asFects, to eltend

tor comm€rcia,ndustraandagricultural
cr€dt facillties ventue or enteQrrs, to loan ts
funds witholt colateral or on th€ smrty of a mortgageof real prcpenies,pledqechattel
mortgaqeof equipment/machin€ry, merchandlse,shar6 of stoc( securlliesand other
peEonalpmpert5; to purchaseor oth€Mlseacquire,discount,neqotiate,o lect, frolqaqe,
denqe or otheNisedeal in or with a! of any pan of the bondsdebentures, accounts
|eivabs, p@nlsery notes,evdencs of indebteinesrtrade acceptaice,commercial
pap€rs, certificate
actons/issu€d, cr€ted,assumedorguarant€ed byanydom€suc or foreqn
orpoEtion, oadne6hipi fim, syndi@te, or indivdualentiryand to *ercise in r6pect
th€rctoal suchpoweEand privlegs incdentto owneBhp, or anyotherinterestherenito
€nqaqein the businssoi lnancingby l€singof a lknds of equpment,ma.hinery/ v€hlc€si
vess s, arpan6, facllts, appiancetandal other qpes of realand pereonalprcpert) for
whateveru* throughfinan@{€ated tEnsactionssuchas but not llmlted to sae- sse back
arnngemenG,hne.purchase aqreefrentsand other ease fnancnq {hem6. Prcvldes,
howev€r,ihat the funds to be dmted for the purp@ shaI not be derved f@m Lhepubllc
thrurec€lpts oideposts or f@n 5aeof bonds,obllqauonsof securt esofany klnd.

To engagein anyandal activti6 connected wlthor relatedto ts prncipalbusine$,

suchacuvits to nclude,but not imrtedto thefolowlng:
 omputere,
owning or releasinqplant equipdentairplanes,machlneries,
tuciltiethomeandofficeappllan@'
transport andfurnshngs,hspitalanddenh
turniture

BVeitendlnqcrenittuciibesto @isume6and to industnaiommercialor

or tuctoring
bydisounting
aqriculiuralenterpi*s or acountsrecevables,
commercialpapeE
or selinq.ontracts,
or bybuvinq leas6,chattel
mortqags;
c) To purchase, sell or otheNsebanect in mortgagepap€rs,instaLment
ontracG, quedans,warehousrelpts, and otherslmilarcontractsand instruments
andto
advan@ tundson thestrurLty
theeto;
oe60nal orcDeriis in @nnecuonwith inaneieated
sudras saleleawbad( arEngemenE,hire-purcliase
tEnsacuons, and other
aqreemenls

e) To quaraiteearansedentsfor credltandotherfinanciaa@mmodations ror

Droductiveenterpfis or end-use6andconsumeE withl@ andforeiqntundseeles and n
connection with suchacUvihes to act as a credt brok€r,fis or @llectionagent,credit
evaluator,or as a generaor 5p4laired reprefntsuveof businss enterpri*s ii matteE
relatento cedit ertensionandflnancjnqandcrcnitevaluation andcolectons,(Asamende!

f) To undertakethe collectonof accounbecevabes, negotiable instroments,

lett€rs
of dedil acceptancs, dcf6, blllsof dchangeandother4ldenc$ of indebtedness
owned byanypereon, paftneuhip, @rpoEton or asdiationundersuchtermsand@ndidons
asthe meoration may dem fil andto purchase,own,rl, mortqaqe,assiqn,orotheNse
accui.eand disDce of suchaccountsEelvables,negotiable, instsuments,
lette. of c€nit
acDtan@s, d6tu, bils oi exchanqeor olier evid€nc6of indebtelness.

PURPOSE
SECOI'IDARY

a) credltagencyby the gathenng,

To undertakethe businessof a commercial
e% uaton andon$lidationoi credilfinancialand
accumulation, otheralLied
informauonand
d ssemnaungsuchnlormauon to c ientsi

b) To purchase, acquireobtaln,aid takeovefallor anypartof thesecuriu€s,

rghq busine$, prcperty or a$umethewholeor anypad
or as*ts of allkindsto undertake
or liablius of anyp€rson
of theobigations orporaton,astriat on, partneBhip
or of any
gov€rnmentaentityor authorlv,whether dunicipa,povlncialornational,
andcondoctthe
whoeor anvpartof thebusnesssoacqui€dj
c) To ad as aqenl comm€r.a brokefof ta.tor or any peEoni partn€Ehipi
corporation,assoclation or otherenUV€ngagedin anyknd of business€nt€rpnseor other
industry,etcept as stck boks or dealeri

d) To acqulre,
buy,sel, exchange
or otheeised€allnforegnexchange;
 To aDpyfor, obtaln,€list€r, purcha*, leaseor otheMiseacquire,andto
hold,pledge, use,l€sg sell,asslgn, or othetui* disposeof formuas,s*ret prce$6/
distinctivema s, copyriqhq patents,llcense,@ncesslons, and ore like, whetheruse in
connecuon with or struredunderleasepatentsof or ssuedby the countryor authority,and
to issle, €xerclse/developandgrant icensesin respectthereofor otheeise turn or onvert

0 To purchase, or othe i* accept

own,hold,acquire suchpropenies,
rea of
Fe@na/a5 may be n*ssary, conven
entor appmprlatefor anyot the purposes
her€ln

9) To boriow or u* moneyfof the useandbenefltofthe @rporation andforthis

purpose, to lssueor ex{ute modgages, whether of @ or peenal properties owneaand
heldbyth€corporaUon, debentures,bondsi or the corporaUon
or anyI enor obllgations upon
suchtems andconditons as maybe deemen fit by tie and
@rporation, to dchange aid
varythe samefromtimeto tinej
h) l o o o a r d p € 1 o r rJ d G o n d l l r 1 g s ' * e $ a r ya, - d s u E b l ' o r p o F ' o r d F
accomplishmentof anyof the purpo*s or $e attahmentof anyoneor moreof the objects
herclnenum€rabnor whichshalL at anytim€appearconducveto th€ protectionof benelts
of the orporationlncludingthe qerciseof th€ pow€Eand aulio ties confe(edupon
orpoEtonso.gan:edunderthe awsof the phlippin€s in 9ene6, and upondomstic
of likenaturen Ftcular.
corooEtions

TllIRo-Thatthepacewh€r€theprinclpa ofcof the@rpo6uon isln Metrcpolltan

t4anila. mayestabishbranch€s
Thecomoration antuherein the Phiippinesor abr$d subje.t
to compiancewi$ appllcble (Asam€nden
laws,rus aid/orreguatioE. onApn 25,1933)

FOURTHThat th€ term for whiche d corpoEtionis to exist is Fifty (50) yearefrom
and after the date of its in@rpoct on.

FlFlu of said
Ihat the names,ctzenshipsand resldencsof the lnco|poratoE
orpoEtionareasfollows:

Nationalitv Resid€nc€

2.
4. Lsnidess. Lerma,lr. Flipino 26oakvile

5, delaGuz
BenltoT. Flipino 15DelbvSt

sryTlr- ThatdE nudberof directoreor said@rporatonshaIbeeleve ltl ana

thatthe nam* andeidene of the directo6whoare to seryeunti theirsuccssouar€
_ollos:
" ectedard quolf€daspro!otr o/ lre Bf-awsared\

Name 899!!lsee
st. I.4aqallanes
49 lqarganta Vilage

2. Danilo
M.ceesua 42Fordham 5t.,St.lgnauus
Vilage
citi/
Quezon
3. FeledcoC.Calang 28 6" stet, Newl'4anila
Quezon aV

4. Lerma,lr.
L@nidesS,

5. BenitoT. dea Cru2 15De$ySt.,WhitePains

SEVENTH That the GDital sto.k of the carporation is THREEBlLuoN FouR

HUNDRED TWENTY l.4ILlloNPEsos(c3,420,00q000 00), Philippine cudency,and eid
@pir. stock is divided into: (As afiended by the Boardof D rectoE on lanuary 13, 2005and
ratifiedby the StockholdeBon Febloary22, 2005)
(a) TNREE SILLIONFoLJR HUNDRED MILUON (3,400,000,000) shar6ofCommon
sttrk of the par valueof oNE pEso (1.00)pershareor THREE SILLIONFOURHUNDRED
t4tLuoN PEsos(c3,400,000,000.00)i (As amend€don F€bruary24, 1995,and tufther
amend€d on
by the Boardof Diecto6 on lanuary13,2005aid ratifiedby the Stockholdets

(b) TWO HUNDRED THOUSAND (200,000)shars of Prefercd Stockof the par

value of oNE IIUNDRED PEsos (P100.00)pet sha€ of TWENTYl4ILlIoN PESoS
(rs am€nded
(P20,000,000.00). onJuie 20,1985)

tA'dtP,wihnrthd'lDdrhuitkal2a12atut1 4 n ' 1 , t t nt ' I k t k E r . r E i i n ! d t 2trajnt

i'LbLti.lnNtr !tu* 'l tt crfrl d13 lrit2012
 Pretuirensttrk shal be ksued seriav in blocksof not lessthan one Hundred
Thousand I1OO,O0O) shares.Sharesof preferedstock@mpnsinq onesens shal havethe
same.iqhtsandrstnclions.Thee shal benope_empuveriqhionslepartofthehodeEof
sharesof elther the mmmon st@k or pref€red stocG of the coaorauon to subs.ibe to anv
or a I i$oes or other dlsloslt on of shar6 of prefered stocks

Nolde6of p€fenedstdk shal beentiuedto cumuauvepreferentaldividends befo€

anvdvlden!is oaldu@nsharesof commonstck pavableat a rateandat su.b int rualsas
mav be det€mined bv the B@rdof Direct rs of the Cbaorationircm t me to ume for each
seri$ or b ock of orefeiredstock,prcvidedthat suchdividedrate shall n no case higher than
Iwenry Percent(20%) p€r annum.Preturred stak may be lssuensubjectto 6rbv the
cbrporaton or w th nghb for the r redemption,either mandatoryat a fxed or determlnabe
dateafterissue,Preferr€ishaesshalhave suchoths features asthe Boardof Dircctore of
the Cor@Gtionmavdetermiie pfior to the issueof eachseri€sor blck of prefeftenstockto
whichth€var€aolllob e.

votnq dghtsshal be vesd exciusivey stdk shal be

ln commonshaes.Pfeferred
non-volinq,exceptii those@s expresly provld€dby aw

Afterfu lcumulative upontheoutstanding

dividends prcfeffedsharesshalhavebeen
mid the hoLde6of commonshae shal b€ entiued to re@ivesuchdivid€nds
as maylrom
Ufie to tine b€ declaredby the Sdrd of Directo6of the Corporation

EIGNTH - Thattie amountol capitastek whlchhasb*n actualysubrrbed

s Two 1.4ll on Five l lundredThousandP€ss, Phllppinecurr€ncy,aid the fol owLnqpereons
havesubscrlbei for the numberofshaB andthe amountof 6pita stocksetoutafterth€ir

laEe !!.-dl,h!rcs Amount

subscribed
24,996

2 100,00

9.

25J@ P2,500,00qq0

NINftI 'That the fo lowingp€6onshavepaldon the shares

ofGpita stockfo.whch
they havesubscrib€d the amountssetout afterther resp€cuve
names:
 !!l!e amountPaid

2,
l.

5.

P1,000,000,00

TENTH ftat L@nldes 5, Lerma,lr, hasb€eneleted bythe sub6dib€EasTrea5urer

of the coa.ratioi to actassuchunulhissucsor ls dulyelect€dandquallfred !n accordance
with the By-tlwt and ihat as suchTreaslrerhe has b.€n authorlzed to recetw for the
coeorationandto rseive in ils nafrefor al sub* ptionpaldin by $id subscnbeE,
ELEVEMTH - That no transturof 51ak or inteet $erein whicn wili Educethe
owneuhipof Flipinocitirn to les thanthe p€rentumof cpihlst@k requiedby lawshal
be alLowed or permitiedto be recordedin $e prcperbooksor ttle corpo6bonand this
shal beindlcted in all its st@kertii@t€-
r€slriction

IN \{!TNESSWHEREoF, re haveheeuntoset our handsthis 23d day of February

a, Philippin*.
1981at l.4ani

cr) DANILO
tr4.CELESTIAL CDFEDER]CO
C.GALANG

.I) LfONIDES
S LEFMA,
JP. (D BENITOT DELACPI.IZ

SIGNEDIN THEPRESENCE
OFI

RENEE. PUNO
 ACKNOWL.EDGI'1ENI

OFlHE PNIUPPINES )
REPUBTIC
CITYOFT4ANILA ) S.S,

t4E,a Notarypublicfor andin Manlla,personally

BEFoRE app€ared:
DateandPlac€of lssue

366115
TAN-C5252K2135A 3

7250425

TAN G45271.41443-A-5

364831

4109227

knownto me and to me knfln to be the samepeEonswho q{uted the foregoing

to me $at they ex{ut€d the sameas $eir ie and
lnshumentand they acknowledged

IN WnNE55 WHEREoF, I havehereunto

kt myhandandaffrxed
by notarialsslat
phillppiner
Manila, this23ndayof February
1981,

(Sgd,)PASTOR
I'1,VILLANUEVA

PTRNo.152623-1/26141
REPUBLTCOFTHEPHILIPPINES]
CITYOf MAKATI )S,S. ,t.
/ '

i ,'l tL
cER[FrcATE
DrREcroRs' oF THE
OF AMENDMENT
AMENDED OT
ARIICIES INCORPORAIION

wE, the und€regned andthe corporate

frajoaryof the Boardof Di.ectors
"coDoration),a corporation
of BDOLEASI G AND FrNANCE,INc,(th€ duy
anderstng undefthe awsofth€ Phlippn$ wnhofiiceatBDoLeasin!clnt€r,
Gardens,ortigas Avenle, Quezoncity, heeby certfy that

1, Th€ attached Amenden Adicesoi hcorporation of th€ Corporation

a€ true
andconectcooiesoftheArtcesofIn@rporaUoioftheCorporauonasamendedbyat€
marorityvoteof ts Boardof Directore at the BoardM€etingon Mar.h5, 2012heldat the
B@rdRoom,21qF@r, south Tower, BDo corpotte C€nter,7399l4akatiAvenueiMakat
cily, aid d! ratilied by th€ affrmative vote of the stockhode6 ownlnqand r€presentng at
y
€ast 2/3 of the outstandlnq 6pta stockof the corporation at the Annua stckhodels
Meetnq on Aprl 13,2012hed attheFrancscosantagoHali Mezzanlne F@r, southTower,
BDOCbrpoEt€ C€nter, 7899 Makau Avenue, l,4akatCiq.

2, SIXI}] of the Artces of

The amendmentoarticuaryrefereto ARTICLE
Incorporationby d€creasngthe numberor d 6to6 f@mfineen (15) to ereven(11)
dir€cto6, to readasfolows:

'SIXTI That tne numberof the d €cto6 of sad

CorporatonshaI be eleven f11) and that the namesand
residen.eof the d rectorswho a€ to *rue unu then succe$o6
are electedand quailiedas provdedby the By Lawsiare as

W I T N E S SW H E R F o F ^. e h d r . l d b . osr or ra-dst!, luliz 1?012

2012,at __-]!i&li lit! .

119336-973

1,
l1N:103-159-915 ffi.#k 319
DNFOS' CTRNFICA1EOFAXESA{T
AM4DEDARTTCIsOFI|@PoMTNN
EIST4SGASEMNE .ST-

nN: f2-173-322 IN: u4a09754

t<--,1r,
llA. LEo oiAv.DEtE$s
TIN: 11t321-396 nv A+2fr-Lr6

A ,;'t ( n r -
^-(//L{,_^
nN: 110{42069 TIN: 132-173-235

nN: 903-t8-380 TIN: 10&157{33

t15-321-830

L-o
- 0^ '2. 'z'".'-n-
JOFHIr$U.II^reN
 SUBSCRIBED AND of JUfl21ZUt
2012,affranlsexhlbiungto

comnunitYTaxC€rhficte competentEvideneof ldenbty

r:, N! rt97l, rl4/r0t2,M.(;r i{v

Prk ro. 3rs1670,t52012, ar.r il,
1.r!r cdldre No. ril0IJ!0
Ill 0@70r9,
 BDOLeasing

c.mpanyRelistEtionandMonitorhgDepartrent
s€cuntis andE\chang€commrssion
sEcadq,,EDSA

we epettully submitfor filingand relknation,SE p@posed amendment to the Articles

of In@FoEtion of sDo LEASII{G AND FINAIICE,INc. CBDOLFI,a subsidiaryor BDo
Unibail( Inc., pertainingto the decreaseol numb€rof B.ad of Diredo6 f6fr flteen {15) to
dftn (u), Att chedae the fo lowhgdodm€nLsin suppoftof thisfiling:

1. Letter dated luly 13, 2012 signed by the o€puty Dkedd and Hdd, GntEl
appriGtionsandLrcnsingGroupof the Sanqkoseitra ng Plllplnasion the suggestion
to fie di€.ty with $e Ssritis and Exchaige commlsion the prcposed
amendments to the Arli.hs of In@Dodtioii
2. Dr€cto6' ceruti@teon the prcposedam€ndments widi the AmendedAnices of
I@ryoction re d€crcashgthe numbq of Boad of Dnedo6 from riteen (1s) to

3, l,linut$ oi $e B@d of DircctorsI\4etingon l,larch5, 2012;

4, MinutsofstockholdeE f,leeti.q
onAp l13,2012j
5, AnendedAnjca of ln@ryoEtionpriorto pcsent pbposedamendments,
6. t t€stGeneElInfomatlonShet dulyreelvedbysEc;
7. Financ6lSlatements rei!€d by BlRysEc
3, sEcGmpaiy DataMalitenan@Fomj

we tdn youwJI findthe foreloingin oldei

ve.vtruv vou6,

y'..-o l* ,2,. .n*o:-.2,'

]AsONM.NAIIV'IDAD
IOSEPH
 lL)"ty'.ar2

vtllalau8
Arv,roseFhJasonM, Naftidad

RECElVED
corinthianGardeinonigasAvenue h..JUL26 0t2

o"rcEd riE.o,m!{qgag

subjtt: Anendne.. to the afiict6 oJtnbea,otion

rhis releretothe requenorthe BDo leasnc and Finan.e,Inc.

{BDoLFr)ro.
saigko sentral ng Piipinasapprovarol the amendmentto its Africresof
the numberof dnedoE rrom fii1een(1s) to

we.efered the appllerronto the olfice otthe GanedlcounseiandLesa

servicesloGcLs)BsPandhercundsaieit5.ommflts^uccai om:

"we qathet thot BDoLFt,

d 5ubsidio.y of BDa u.ibank,
tne. lBDouB) i5 d lnone eonponr without quosi-bonkinq
luncrions. As such, thp rcview by the Bsp oI the p@poted

is\enQ ol a lNqobte reanhehdotian to the sEc. ate not

thot linane cohpahies withott qdosi-bonkins
fun.tia,s otena tanaet in.tuded withk th? rcvtose oJ sedion 17 al
the corpantiot cade05 o @nseqreh.eoJsectian 13aol RepubticAct Na.

"MoteoleL it noy be rceattedthot in kis ollje\ opinior dded

03 Novenber 2O1L se held that the ldd thar dn entity is a subsidioryoJ
o quosi bonk iBtitutbn unde. li.ense by the BsP dns not ptne such
subsidiotywhhin the .ovtose aJentities rcquhedto obtoinBSplovotuble
t".onnendothn lat .he phposed on4dnna b iB Aot. we junhs
 toid thot rhe exeda by th. BsPof iB apetuituy pow, os defu.n
mdet kcnd 4 d R,A,Nd 379L shuld tut h. @Bxuat to inctudethe
Evtew by rhe BsPof the ehposedomnenqtt to the aot aI sucho
tubndkry. k otht wotds, rh. snperlklo, hy tE 35Pov.t BDaLFI
baoa. it b , subskliott oJ aDouq doesnor neon that lhe BsPis
recuircdt Eview th. heEh papote.t dn.ndnqt to rheaot ol sDout
h rhe obsen@oJo te*ifc stotutoryb'tis shnttu @sectin 17 of the
coryuatton code,ot othet rulet ond Esulotton Bdng 6 with such

re.re r*umlns 8DOLeadngand rin.n.e,Inc's

Forcgohg.onsldercd,
.ppll.ation tor the anendneit of iE Aol with efe@i.e .ode
cALG/rHlrrlNonoB/BDotEAsrNG/O953tocetherwiih rhe supportrnsdocumei$,

we susgesrthat the ..rity dnedv nle wlth the s€cu.itiesand Er.hnge

c.mmlsslon
thesubje.t:mendments.

fraql,t^