Second |
That the purpose for which such Corporation is formed are: PRIMARY PURPOSE x x x x x x x x x SECONDARY PURPOSES x x x x x x x x x 5. To manufacture, produce, make, buy, sell, deal in, conduct and carry on the business of manufacturing, buying, selling and dealing in any all such goods, wares, and merchandise of every class and description, or to subject any and all such goods, wares and merchandise to any process or treatment for the purpose of increasing its value or utility; x x x |
That the purpose for which such Corporation is formed are: PRIMARY PURPOSE x x x x x x x x x SECONDARY PURPOSES x x x x x x x x x 5. To import and/or export, manufacture and/or produce, process for the purpose of increasing their value or utility, buy, sell, trade, market, distribute, or otherwise dispose, at wholesale or retail, through all types of networks and distribution channels, including electronic commerce, any and all kinds of household, agricultural, and industrial goods, services, commodities, wares, and merchandise of every kind and description such as, but not limited to, luxury goods, clothing, accessories, electronic gadgets or devices, toys, eyewear, food or grocery items, beverages, cosmetics, fragrances, kitchenware, household and office goods and materials, supplies, machineries, equipment, appliances, implements, and all other products within the commerce of men as well as those similar and allied to them either as principal, distributor, factor, agent, or commission merchant, and generally to perform any and all acts connected with any of the aforementioned, arising therefrom, or incidental thereto; x x x |
|
Seventh |
That the authorized capital stock of said corporation is Twenty-Three Billion Pesos (PhP23,000,000,000.00), Philippine currency, said stock is divided into twenty-three billion (23,000,000,000) shares with a par value of One Peso (PhP1.00) each, all of the same class. No stockholders of any class of shares shall because of his/its ownership of stock have pre-emptive or other right to purchase for or take any part of stock or for any other securities convertible into or carrying option or warrants to purchase stock of the corporation, whether out of the unissued authorized capital stock or any future increases thereof. Any part of such stock or other securities may at any time be issued, optioned for sale, and sold or disposed of by the corporation pursuant to resolution of its Board of Directors to such persons and upon such terms as such Board may deem proper, without first offering such stock or securities or any part thereof to existing stockholders. |
That the authorized capital stock of said corporation is Twenty-Eight Billion Pesos (PhP28,000,000,000.00), Philippine currency, said stock is divided into twenty-eight billion (28,000,000,000) shares with a par value of One Peso (PhP1.00) each, all of the same class. No stockholders of any class of shares shall because of his/its ownership of stock have pre-emptive or other right to purchase for or take any part of stock or for any other securities convertible into or carrying option or warrants to purchase stock of the corporation, whether out of the unissued authorized capital stock or any future increases thereof. Any part of such stock or other securities may at any time be issued, optioned for sale, and sold or disposed of by the corporation pursuant to resolution of its Board of Directors to such persons and upon such terms as such Board may deem proper, without first offering such stock or securities or any part thereof to existing stockholders. |
|