Qroi Aai
Qroi Aai
Qroi Aai
OF
THAT WE, all of whom are of legal ages and majority are residents of the
Philippines, have this day voluntarily agreed to form a stock corporation under the
laws of the Republic of the Philippines, and we hereby certify that:
ARTICLE I
ARTICLE II
PRIMARY PURPOSE
SECONDARY PURPOSES
1. To purchase, acquire, own, lease, except financial leasing, sell and convey
properties, except land, such as buildings, factories and warehouses,
machineries, equipment and personal properties as may be necessary or
incidental to the conduct of the corporate business, and to pay in cash, shares of
its capital stock, debentures and other evidences of indebtedness, or other
securities, as may be deemed expedient, for any business or property acquired
by the Corporation;
2. To borrow or raise money from not more than Nineteen (19) lenders including
its shareholders necessary to meet the financial requirements of its business by
the issuance of bonds, promissory notes and other evidences of indebtedness,
and to secure the repayment thereof by mortgage, pledge, deed of trust or lien
upon the properties of the Corporation or to issue pursuant to law, shares of
capital stock, debentures and other evidences of indebtedness in payment for
properties acquired by the Corporation or for money borrowed in the
prosecution of its lawful activities;
4. To invest and deal with the money and properties of the corporation in such
manner as may from time to time be considered wise or expedient for the
advancement of its interest and to sell, dispose of or transfer the business,
properties and goodwill of the Corporation or any part thereof for such
consideration and under such terms as it shall see fit to accept;
6. To enter into any lawful arrangement for sharing profits, union of interest,
utilization or farm-out agreement, reciprocal concession, or cooperation with
any corporation, association, partnership, syndicate, entity, person or
governmental, municipal or public authority, domestic or foreign, in carrying on
any business or transaction deemed necessary, convenient or incidental to carry
out any of the purposes of the Corporation;
8. To establish and operate one or more branch offices or agencies and to carry on
any or all of its operations and business without any restrictions as to place or
amount, including the fight to hold, purchase or otherwise acquire, lease,
mortgage, pledge and convey or otherwise deal in any personal or real property
anywhere within the Philippines;
9. To do or cause to be done any one or more of the acts and things herein set forth
as its purposes, within or outside the Philippines, and in any and all foreign
countries, and to do everything necessary, desirable or incidental to the
accomplishment of the purposes or the exercise of any one or more of the
powers herein enumerated, or which shall at any tine appear conducive to or
expedient for the protection or benefit of the Corporation.
ARTICLE III
ARTICLE IV
The term for which the Corporation is to exist is fifty (50) years from and
after the date of incorporation.
ARTICLE V
The names and residences of the incorporators and their nationalities are the
following:
ARTICLE VI
The number of directors of the Corporation shall be five (5), and the names
and residences of said directors who are to serve as such until their successors are
elected and qualified as provided in the By-laws are as follows:
ARTICLE IX
3. Third Order of Priority. – Upon the failure of the stockholders to exercise the
option therein granted, the selling stockholder shall be free to offer the same
to any person under the same to any person under the same terms and
conditions offered to the corporation and the stockholders, as required
above. Any change of term or condition of transfer of the shares will require
a similar offer to be made in the manner provided above.
The foregoing order of priority shall apply to the extent possible in every
disposition of the capital stock of the corporation. The Corporation or in its default,
the Stockholders to and for each other, may, to the extent allowed by law, exercise
the right of redemption over any capital share of the Corporation that is the subject
of involuntary transfer, execution, levy, foreclosure or attachment proceedings, as
well as testate/intestate proceedings. The right granted herein shall be exercisable
within one hundred twenty (120) days from written notice to the Corporation.
New Investor
10.1 In case additional funding is required, the Board shall decide based on
the following order:
QROI-PH shall continue to operate under the QROI Brand as one of QROI
Group of Companies.
Dividend Policy
Confidentiality
Each party hereby acknowledges that the other party has provided
confidential information. All Parties hereby acknowledge that all the information
and/or documentation they may access, disclosed to them and/or delivered by
the other Parties, whether or not related to this Agreement, at any time and even
after the termination thereof, is of a confidential nature and represents a valuable
asset and a commercial, industrial and trade secret for all purpose.
Consequently, all Parties agree to preserve and keep such information as strictly
confidential, and to limit the access to all information providing the same only to
the persons who require to know the same for the performance of this
Agreement, notifying them of the confidential nature of the such information and
the treatment to be given to it.
For the purposes of this Agreement, the term “Confidential Information” shall
mean all information and documentation in connection to the business,
organization, finance, operation, transactions or any matter of operation or of
any of the Parties.
b) Use all reasonable efforts to prevent other Persons from disclosing and
delivering the Confidential Information to third parties who are not expressly
authorized by the Parties.
Non-Disclosure
All parties agree not to disclose the contents of this Agreement or any
portion thereof to anyone without the prior written approval of the other
Parties.
Governing Law
ARTICLE X
ARTICLE XI
HENRY OCON PEREZ has been elected by the subscribers as Treasurer of the
Corporation to act as such until his successor has been duly elected and qualified in
accordance with the By-laws, and that as such Treasurer, he has been authorized to
receive for the Corporation and to issue receipt in its name for all subscriptions paid
in by the said subscribers.
Article XII
IN WITNESS WHEREOF, we have set our hands this day of March 08, 2016
ACKNOWLEDGEMENT
BEFORE ME, personally appeared the following persons with their respective
Passport/IDs, to wit:
CECILIA O PEREZ
Notary Public