ARTICLES OF INCORPORATION

OF

MANALATABAZA CORPORATION

KNOW ALL MEN BY THESE PRESENTS:

That the undersigned incorporators, all of legal age, have voluntarily agreed to form
a stock corporation under the laws of the Republic of the Philippines.

WE HEREBY CERTIFY:

FIRST: That the name of said corporation shall be:

MANALATABAZA CORPORATION

SECOND: That the purpose or purposes for which such corporation is incorporated
are:

PRIMARY PURPOSE

To acquire products via purchasing, exchange, operation, and sale in order to

expand Manalatabaza Corporation's distribution in Davao City by buying and selling in
order to make the proper amounts of the right product available to the location, to offer
goods for resale to the target market, and to provide a wide range of shoes for the
customers;

THIRD: That the principal office of the corporation is located at:

Projero Building, Unit 103, Rizal Ext. corner Bonifacio St., in front of UIC School Gate 3
beside Brgy. Joji Ilagan School/Gym

FOURTH: That the corporation shall have perpetual existence.

FIFTH: That the names, nationalities, and residence addresses of the incorporators
of the corporation are as follows:

Name Nationality Residence

(Complete Address)

Balandra, Marvic June I. Filipino Diagro Compound, Sitio Escuela,

Catalunan Grande, Davao City 8000

Balili, Jonathan C. Filipino

Calderon, Dianne Andre R. Filipino B5 L8 Tulip St. Ibula Village Brgy. San
Antonio, R. Castillo St., Agdao Davao City
8000

Catong, Nor Jehann S. Filipino Sitio 1, Barangay Macabiso, Sultan

Mastura, Maguindanao

Amethyst St. Crystal Plain Subd. Brgy.

 Decasa, Tyrone P. Filipino Gredu, Panabo City Davao del Norte

Purok 20C Veterans, Barangay Tibal-Og,

De Ramos, Vera Lynn Filipino Sto. Tomas Davao del Norte 8112

SIXTH: That the number of directors of the corporation shall be SIX (6) and that the
names, nationalities, and residence addresses 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

(Complete Address)

Balandra, Marvic June I. Filipino Diagro Compound, Sitio Escuela, Catalunan

Grande, Davao City

Balili, Jonathan C. Filipino

Calderon, Dianne Andre R. Filipino B5 L8 Tulip St. Ibula Village Brgy. San
Antonio, R. Castillo St., Agdao Davao City
8000

Catong, Nor Jehann S. Filipino Sitio 1, Barangay Macabiso, Sultan

Mastura, Maguindanao

Decasa, Tyrone P. Filipino Amethyst St. Crystal Plain Subd. Brgy.

Gredu, Panabo City Davao del Norte

De Ramos, Vera Lynn Filipino Purok 20C Veterans, Barangay Tibal-Og,

Sto. Tomas Davao del Norte 8112

SEVENTH: That the authorized capital stock of the corporation is TWENTY MILLION
PESOS (P20,000,000) in lawful money of the Philippines, divided into TWENTY MILLION
shares with the par value of ONE PESO (P1.00) pesos per share;

EIGHT: That the numbers and amount of capital stock which has been actually
subscribed and paid-up is FIVE HUNDRED THOUSAND (500,000) shares representing the
sum of FIFTY MILLION (P50,000,000.00) Pesos, Philippine Currency, and the following
persons have subscribed for the number of shares with indication of the total amount of
capital stock subscribed and actually paid by each on his subscription, as follows, to wit:

Name of Subscriber Nationality No. of Amount Amount Paid

Shares Subscribed

Balandra, Marvic June I. Filipino 100,000 P10,000,000.00 P10,000,000.00

Balili, Jonathan C. Filipino 100,000 10,000,000.00 P10,000,000.00
Calderon, Dianne Andre R. Filipino 100,000 10,000,000.00 P10,000,000.00
Catong, Nor Jehann S. Filipino 100,000 10,000,000.00 P10,000,000.00
Decasa, Tyrone P. Filipino 100,000 10,000,000.00 P10,000,000.00
De Ramos, Vera Lynn Filipino 100,000 10,000,000.00 P10,000,000.00
 TOTAL 500,000 P50,000,000.00 P50,000,000.00

NINTH: That Marrie Angela D. Santiago has been elected by the subscribers as
Treasurer of the corporation to act as such until after the successor is duly elected and
qualified in accordance with the bylaws, that as Treasurer, authority has been given to
receive in the name and for the benefit of the corporation, all subscriptions, contributions
or donations paid or given by the subscribers or members, who certifies the information
set forth in the seventh and eight clauses above, and that the paid-up portion of the
subscription in cash and/or property for the benefit and credit of the corporation has been
duly received.

TENTH: That the incorporators undertake to change the name of the corporation
immediately upon receipt of notice from the Commission that another corporation,
partnership or person has acquired a prior right to the use of such name, that the name has
been declared not distinguishable from a corporation, or that it is contrary to law, public
morals, good customs or public policy.

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

IN WITNESS WHEREOF, we have set our hands this 6th day of February, 2021 in the
City of Davao, Philippines.

MARVIC JUNE I. BALANDRA JONATHAN C. BALILI

Incorporator Incorporator
TIN: 290-236-398-000 TIN: 538-760-389-000

DIANNE ANDRE R. CALDERON NOR JEHANN S. CATONG

Incorporator Incorporator
TIN: 772-984-287-000 TIN: 326-290-428-000

VERA LYNN T. DE RAMOS TYRONE P. DECASA

Incorporator Incorporator
TIN: 477-228-230-000 TIN: 477-228-230-000

SIGNED IN THE PRESENCE OF:

REPUBLIC OF THE PHILIPPINES )

CITY OF DAVAO ) S.S.
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