ARTICLES OF PARTNERSHIP

Of

CAPUNO-AQUINO PARTNERSHIP, LTD

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned, all of legal age and residents of the
Republic of the Philippines have agreed to amend a limited partnership
under the terms and conditions herein set forth and subject to the
provisions of existing laws of the Republic of the Philippines.

AND WE HEREBY CERTIFY:

ARTICLE I. That the name of the partnership shall be:

Capuno-Aquino Partnership, Ltd.

ARTICLE II. That the principal office of the Partnership shall be located at
J. P. Rizal Street, San Vicente, Calapan City, Oriental Mindoro,
Philippines.

ARTICLE III. That the names, citizenship, residence and designation

of the partners of said partnership are as follows:

Name Ciizenship Residence Designation

Timoteo B. Capuno Filipino Biga, Calapan City General Partner
Raegan L. Aquino Filipino Ilaya, Calapan City General Partner
Hernando H. Herrera Filipino Bondoc, Calapan City Limited Partner
Elmer Tan Torres Filipino Libis, Calapan City Limited Partner

ARTICLE IV. That the term for which said partnership is to exist is 50
years from the original recording of said partnership by the Securities
and Exchange Commission.

ARTICLE V. That the purpose for which said partnership is formed are
as follows:

To acquire, hold for investment and sell various stock

holdings traded and listed in the Philippine Stock Exchange
(PSE) for profit.

ARTICLE VI. That the capital of the partnership shall be two million
pesos (P2,000,000.00), Philippine Currency contributed in cash by the
partners as follows:
 Name Amount Contributed
Timoteo B. Capuno P500,000.00
Raegan L. Aquino P500,000.00
Hernando H. Herrera P500,000.00
Elmer Tan Torres P500,000.00

ARTICLE VII. That the profits and losses shall be divided pro-rata
among the partners.

ARTICLE VIII. That should there be any additional contribution made

by a limited partner, such must be agreed upon by all the partners in
writing and duly recorded at least two (2) days after signing of same
agreement. Such contribution shall amend Article VI of the Articles of
Partnership and in no case shall such amendment be done less than
one (1) year after the original recording of said partnership by the
Securities and Exchange Commission.

ARTICLE IX. That the contribution of each limited partner may be

returned to him/ her three (3) years after the original recording of said
partnership by the Securities and Exchange Commission.

ARTICLE X. That the limited partner may be given the right to

substitute an assignee as contributor in his place, provided that he has
duly notified his partners in writing, stating the reasons therefor, five
(5) days before effectivity of said substitution. Provided further that
such limited partner has already settled his obligations to the
partnership prior to the notification of substitution.

ARTICLE XI. That a partner may admit an additional limited partner,

provided that the other partners have been duly notified in writing five
(5) days before effectivity of admission and duly concurred by all the
partners in writing.

ARTICLE XII. That the remaining general partner or partners shall

have the right to continue the business in cases of death, retirement,
civil interdiction, insanity or insolvency of a general partner.

ARTICLE XIII. That the firm shall be under the management of

Timoteo B. Capuno and Raegan L. Aquino, as General Managers and
as such they shall be in charge of the management of the affairs of the
partnership.

ARTICLE XIV. That the partners willingly undertake to change the

name of the partnership immediately upon receipt of notice/ directive
from the Securities and Exchange Commission that another
partnership, corporation, or person has been declare misleading,
deceptive, confusingly similar to a registered name or contrary to public
morals, good customs or public policy.

IN WITNESS WHEREOF, we have hereunto affixed our

signatures this 26th day of February, 2022, at Calapan City.

Timoteo B. Capuno Raegan L. Aquino

TIN - 406-169-498 TIN - 405-135-549

Hernando H. Herrera Elmer Tan Torres

TIN - 407-189-400 TIN - 403-218-422

 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

PROVINCE OF ORIENTAL MINDORO) S.S.
CITY OF CALAPAN)

BEFORE ME, a Notary Public, for and in Calapan City, Oriental

Mindoro, this 26th day of February, 2022,, personally appeared the
following persons:

Name TIN/ID/Passport No Date & Place

Issued
Timoteo B. Capuno 406-169-498 01/05/2016; Manila
Raegan L. Aquino 405-135-549 10/24/2015; Manila
Hernando H. Herrera 407-189-400 03/15/2012; Manila
Elmer Tan Torres 403-218-422 05/21/2011; Manila

Known to me and to me known to be the same persons who executed

the foregoing Articles of Partnership constituting of four (4) pages,
including this page where the acknowledgement is written, and they
acknowledged to me that the same is their free and voluntary act and
deed.

WITNESS MY HAND AND SEAL on the date and place above

written.

ATTY. JAIME VICTORIO A. GUTIERREZ

Notary Public
Until December 31, 2022
Roll No. 51963
IBP No. 0298808 02/01/2022
PTR No. 123456 02/02/2022
MCLE Compliance No. VI 0002916 January 25, 2021

Doc. No.: 2;
Page No.: 26;
Book No.: 3;
Series of 2022.