The undersigned incorporators, all of legal age and majority of whom are residents of the Philippines, have this day voluntarily agreed to form a stock corporation under the laws of the Republic of the Philippines.

           FIRST: The name of this corporation shall be:

           SECOND: A. That the primary purpose of this corporation is

                     B. That the corporation shall have all the express powers of a corporation as provided for under Section 36 of the Corporation Code of the Philippines.

           THIRD: That the place where the principal office of the corporation is to be established is at:

           FOURTH: That the term for which the corporation is to exist is fifty (50) years from and after the date of issuance of the certificate of incorporation.

           FIFTH: That the names, nationalities and residences of the incorporators are as follows:

           Name                    Nationality                    Residence

           SIXTH: That the number of directors of said corporation shall be ___ ( ) and that the names, nationalities and residences of the first directors who are to serve until their successors are elected and qualified as provided by the by-laws are as follows:

           Name                    Nationality                    Residence

           SEVENTH: That the authorized capital stock of the corporation is ____ (P_______) pesos in lawful money of the Philippines, divided into ______ (_____) shares with the par value of _____ (P_____) pesos per share.

           EIGHT: That at least 25%of the authorized capital stock has been subscribed and at least 25% of the total subscription has been paid as follows:

           NINTH: No transfer of stock or interest which would reduce the stock ownership of Filipino citizens to less than the required percentage of the capital stock as provided by existing laws shall be allowed or permitted to be recorded in the proper books of corporation and this restriction shall be indicated in the stocks certificates issued by the corporation.

           TENTH: That ____ has been elected by the subscribers as treasurer of the corporation to act as such until his/her successor is duly elected and qualified in accordance with the by-laws; and that as such Treasurer, he/she has been authorized to receive for and in the name and for the benefit of the corporation, all subscriptions paid by the subscribers.

           ELEVENTH: That the corporation manifests its willingness to change its corporate name in the event another person, firm or entity has acquired a prior right to use the said firm or one deceptively or confusingly similar to it.

           IN WITNESS WHEREOF, we have set our hands this __ day of _____,200__ at ____.