SCET COLLEENS CORPORATION

securities and Exchange Commission COMMISSION EN BANC Republic of the Philippines Depariment of Financ IN THE MATTER OF: SCET COLLEENS CORPORATION SEC CDO Case No. 11-21-075 ENFORCEMENT INVESTOR PROTECTION AND DEPARTMENT (EIPD), Movant. X X CEASE AND DESIST ORDER any and all persons claiming and acting for and in their behalf, from selling. offering for sale unregistered securities; and (2) prohibiting SCET Colleens, without the prior written authority from the Securities and Exchange encumbering, conveying, or disposing any of its properties and/or other assets Commission (Commission). Motion filed by the Enforcemert and Investor Protection Department (EIPD praying that an order be issued (1) enjoining SCET Colleens Corporation (SCET Colleens), its officers, directors, representatives, salesmen, agents, influencers, enabiers, conduit entities, subsidiaries, and any and all persons (collectively referred to asAgents claiming and/or acting for and in its behalf from further engaging in activities of selling and/or its officers, directors, representat:ves, salesmen, agents, representatives, and This resolves the Motion for Issuance of a Cease and Desist Orderl (the PARTIES among others, to investigate and institute administrative actions against persons and entities engaged in the sale and/or offer of unregistered securities without the requisite secondary license. The EIPD is one of the Commission's operating departments tasked. under and by virtue of the laws of he Republic of the Philippines having been issued a Certificate of Incorpcration with Company Registration No. CS202061878. Its principal office :s at Unit 2004, Grand Cenia Residences, SCET Colleens is a domestic ccrporation duly organized and existing 1 Filed on 29 November 2021 2 Section 2-2(c)(1-c), Rule II, Part I of the 2016 SEC Rules. SE OGC THE DOCUMENTS ON RECORD CERTIFIED TRUE COPY OF PAGE PAGFS Apitong Street Lahug, Cebu City. Its primary purpose per its Articles of Incorporation (Aol) is: of multilevel marketing strategy. without engaging in pyramiding scheme. "To engage in retail and wholesaie trading of beauty products with the use Provided that the corporation shall not solicit, accept or take investments/placements from the public neither shall it issue investment contracts. "3 (Emphasis supplied) Its board of directors as shown in its Aol4 are Name LEYSON EDITH FRANCISSE KAY ANNE CUIZON VILLEGAS TABLANTE Nationality FILIPINO FILIPINO Banilad, Cebu City Address Maria Luisa Subd., VI 13A Paseo Mary Anne 1074 Kalubihan Talamban, Cebu City (Capital),Cebu,Region EARL STA. RITA SAGUINDEL CASAO CHAVES PONCE, Jr. SHARA JANE ARTEMIO TARONA FILIPINO FILIPINO FILIPINO Sorosoro Ibaba, Batangas City Maria Luisa Subd., Banilad, Cebu City (Capital), Cebu, Region V (Capital), Cebu, Region VI Blk 12A Lot 11, Camella Solamente, (Capital), Batangas, Region IV-A Labangon, Cebu City 13A Paseo Mary Anne V 9 St. John Road Sacred Heart Village, Salvador (Capital),Cebu,Region RELEVANT FACTS reports and inquiriess on the alleged investment-taking and/or solicitation activities of SCET Colleens which prompted it to commence investigation for possible violation(s) of the Securit:es Regulation Code (SRC), the Revised On August 2021, the EIPD began receiving numerous complaints, Annex "B of the Motion. 5 Annex "D" of the Motion. 4 Supra THE DOCUMENTS ON RECORD CERTIFIEDTRUE COPY OR SH OG PAGE V 13 PAGFS B Commission. Corporation Code (RCC), and relevant rules and regulations enforced by the Based on its investigation, the EIPD was able to gather and verify information that SCET Colleens is selling and/or offering investment amount ranging from a minimum of Three Thousand Eight Hundred Pesos (Php3,800.00) to One Million Eighty Thousand Pesos (Php1,080,000.00) with packages and promos which require/entice potential investors to invest an investment scheme which SCET Colleens proffers and/offers to the public a guaranteed passive return of five percent (5%) to eight percent (8%). The consists of the SUB-RESELLER DISTRIBUTOR, RESELLER DISTRIBUTOR. CITY DISTRIBUTOR. PROVINCIAL DISTRIBUTOR ELITE, AND DIAMOND compensation plans/packages. The EIPD was also able to confirm and submit eviderce showing that SCET Colleens was using Finance Department (CGFD authorizing SCET Colleens to solicit, scheme is legitimate, and to entice che later to invest with it. a fake certificate purportedly issued by the Corporate Governance and accept/take investments, to convince the investing public that its investment REGIONAL DISTRIBUTOR, STARTER, JUMSTART, DELUXE, PRO In support of its allegation and conclusion that SCET Colleens is www.scetcolleenscorp.com, which was primarily used in carrying out the were obtained and gathered from SCET Colleens' website, i.e. submitted screenshots of relevart online posts of SCET Colleens which unauthorized investment-taking activities. engaged in the unauthorized saleoffer of securities, which confirmed the complaints and reports that were fled with and/or received by it, the EIPD indication of a Ponzi scheme where returns are likely to be paid from the investments of new investors. The EIPD also maintains thar SCET Colleens' investment scheme is an modus operandi of SCET Colleens is as follows: Based on the allegations and evidence presented by the EIPD, the 1) SCET Colleens gains the attention of and invites the investing public to part with their hard-earned money through its website by promising a guaranteed return of 5-8% per month, a quarterly payout, and profit shares; 2) In order to entice and assure the public of legitimacy of its investment scheme, interested investors are then presented investment-taking activities, including a fake CGFD Certification showing that it is authorized to solicit funds from the public; and with various legal documents to support its unauthorized 3) Potential investors are then directed to deposit amounts based on the distributor packages of their choice. THE DOCUMENTS ON RECORD CERTIFIED TRUE COPYOF NGE SCET Colleens employed fraud and deceit in inducing investors to part with knowledge that its Aol clearly states that it "shall not solicit, accept, or take investments/placements from the public neither shall it issue investment their money by using a fake certification from the CGFD despite full contracts". Moreover, the EIPD also conclided, based on its investigation, that application for registration to engage in such activities. On account thereof, Sections 8, 12, 26, and 28 of the Securi:ies Regulation Code (SRC). latter to solicit investments from the public, and confirming that the certification being used and circulated by SCET Colleens is a falsified document. The EIPD also secured a certification from the Commission's Markets and Securities Regulation Department (MSRD) stating that SCET the EIPD concluded that while SCET Colleens is a registered entity with the Commission, it is not authorized to solicit funds nor sell securities to the public, and the investment packages which it sells/offers to the public violates stating that it has not issued any certificate to SCET Colleens authorizing the Colleens has not been issued a Permit to Sell Securities has no pending The EIPD was however able to secure a Certification from the CGFD selling of securities to the public. or license to engage in activities that require a secondary license, such as the that SCET Colleens is not authcrized to solicit, accept or take is fake and that its Certificate of Incorporation does not constitute an authority investments/placements from the public nor to issue investment contracts and other forms of securities as defined under the law as it does not have a secondary license from the Commission. In the same Advisory, the Commission made it clear that the certification circulated by SCET Colleens On 2 September 2021, the Commission issued an Advisory8 declaring to be residing in the residential aadress stated in the Aol as of the end of August 2021.9 conduct further investigation on SCET Colleens unauthorized investment- taking activities, which schedulec a conference and attempted to serve a Notice of Conference to SCET CcLeens and its the incorporators/directors at before, and SCET Colleens directors Tablante and Saguindel were found not the principal address of the corporation. However, Mr. Felix Lopez of Cebu EO failed to serve the Notice as the of ice has been deserted since the year The EIPD also requested he Commission's Cebu EO assistance to submits that SCET Colleens is engaged in unauthorized investment taking form of investment contracts without the requisite license from the activities, specifically in the sale and/or offer of unregistered securities in the On the basis of the foregoing information and evidence, the EIPD Annex "F of the Motion. 9 Annex "I" of the Motion. AnnexGof the Motion. 8 Annex "H" of the Motion. LTP CERTIFIED TRUE COPYOL SECOGC IMENTSON RECORD DAG to protect the investing public. The EIPD also concluded that SCET Colleens' investment scheme constitutes serious misrepresentation as to what it can or cannot do as a corporation consicering that its AoI does not authorize it to solicit or offer investments from the public. Commission, in violation of the SRC which warrants the issuance of a CDO Hence, the instant Motion. ISSUE is warranted based on the findings and evidence presented by the EIPD. Whether the issuance of a cease and desist order against SCET Colleens RULING same. The Commission finds the Motion meritorious and hereby grants the requisite license from the Commission. establish that SCET Colleens was offering and/or selling unregistered securities in the form of investrient contracts to the public without the The EIPD's Motion as supported by substantial evidence was able to Section 3 of the SRC defines "securities" as follows: "SEC. 3. Definition of Terms. It includes: 3.1. "Securities" are shares, participation or interests in a corporation or in a commercial enterprise cr profit-making venture and evidenced by a certificate, contract, instrument, whether written or electronic in character. X X X (b) Investment contracts, certificates of interest or participation in a profit sharing agreement, certificates of deposit for a future subscription (Emphasis supplied) An "investment contract" is defined as follows: promise of profits. "An investment contract means a contract, transaction or scheme to expect profits primarily from the efforts of others. It is presumed to exist whenever a person seeks to ase the money or property of others on the whereby a person invests his money in a common enterprise and is led A common enterprise is deemed ereated when two (2) or more investors "pool" their resources, creating a common enterprise, even if the promoter receives nothing more chan a broker's commission."1 (Emphasis supplied) SA OGE 10 Rule 26.3.5 of the Implementing Rules and Regulations of the SRC. IHEDOCUMENTSON RECORD CERTIFIED TRUE COPYO PAG 3 NG investment contract as a contract or scheme for the placing of capital or laying out of money in a way intended to secure income or profit from its employment. Investment contracts have been used and adopted in various situations where individuals were led to invest money in a common enterprise with the expectation that they would earn a profit through the efforts of the promoter or of someone other than themselves.12 In the case of SEC vs. Howey Co 11 the US Supreme Court defined an Commission,13 the Supreme Court enumerated the elements of an investment contract to be considered as a security subject of regulation by the Commission, to wit: In Power Homes Unlimitea Corporation v. Securities and Exchange 1) There is an investment of money; 2) The investment is made in a common enterprise; 3) There is an expectation of profit; and 4) Profit is derived primarily from the efforts of others. profits from them, he or she is in fact investing in a security.14 his or her funds and submits their control co another for the purpose of deriving Under this definition, whenever an investor relinquishes control over SCET Colleens is unlawfully engaged in the sale and/or offer of securities in the form of investment contract. Applying the foregoing to the instant case, this Commission finds that investors as alleged by complainant Mr. Keven John Harvey.16 The ranging from a minimum of Taree Thousand Eight Hundred Pesos return at the 12th month. Relative tiereto, the evidence on record shows that there was an actual investment of money made by the public with SCET Colleens in amounts reaching as high as Php825,800.00 from a single individual15 up to an accumulated amount of Php5,000,000.00 from various investments made were verified by the EIPD from investors who are now demanding the guaranteed returns of their investments. (Php3,800.00) to One Million Eighty Thousand Pesos (Phpl,080,000.00) which guarantees passive returns o 5% co 8% with a guaranteed 68% capital First, SCET Colleens required its investors to invest the amount 11 328 U.S. 293 (1946). 12 Thid. Although the definition as stated in the Fowey Case qualified that the earning of profit was expected with "primarily", acknowledging that an investment coweract may stll be present where the individual who 14 Investment Co. Institute v.Camp,274 F. Suop. 624 (D D.C. 1967). 15 Page 15, Annex "D" of the Motion 16 Page 20, Supra. to be solely through the efforts of another pariy,R:le 26.3 of the 2015 IRR of the SRC replaced the qualifier placed the money exerted a small amount of effor: :n an attempt to earn thejprofits. G.R. No. 164182, 26 February 2008. THE DOCUMENTS ON RECORD CERTIFIFDTRUECOPYO SC OGC A C V PAGT maintain and sustain the company's investment scheme and earn profits from the same. P3,800.00 to invest in SCET Colleens in order to receive a passive income of 5% to 8% and participate in other investment-earning schemes. SCET Colleens' investors pool their monies with the Respondent in order to course of its investigation showed that investors place at least an amount of Second, there is a commcn enterprise. The EIPD's findings in the lucrative passive returns of 5% to &% per month and other bonuses with little with SCET Colleens. Based on its adver:isements, SCET Colleens guarantees Third, the investor expects to earn profits from the amounts invested or no risk. SCET Colleens offer flexible membership as follows: SC Investment (Purely Passive Ineome) 6 months SC Distributorship (Active + Passive Income) 12 Months SC Rebates (Bloom Kit) (Quarterly Rebates) 9 months and a capital return of 68% on the 2th month. The Diamond Package offers 8% monthly compensation share of 8% packages ranging from P3,800.00 to P39,000.00. A referral bonus is also offered based on the starter, deluxe, pro, elite offered by SCET Colleens, which the latter expressly guaranteed, are the primary motivation of the public to invest their hard-earned money with the SCET Colleens. The different profits that may be earned from the various schemes investors relied on SCET Colleens' promise of guaranteed returns which was supported by the spurious certificat:on purportedly issued by the CGFD. This even prompted one investor to invest an aggregate amount of Five Million Pesos (Php5,000,000.00).17 Relative thereto, it is apparent from the evidence on record that efforts of others. Fourth, SCET Colleens' investors expected to earn profits from the choice and investing the appropriate amount. Thus, the expectation of profits public to invest in SCET Colleens and earn guaranteed returns. seen that the investor earns without sigr-ficant effort or obligation, and what is merely required from investors is simple act of choosing their package of is derived primarily from the entrepreneurial and managerial efforts of SCET Colleens, its agents or representa:ives wno, through the use of the company's website, and social media accouns and platforms, continue to entice the In the earning schemes presented by SCET Colleens, it can be clearly. OG 17 Annex "D" of the Motion. THE DOCUMENTS ON RECORD CERTIFIEDTRUECOPYO PAGE 3 PAGE as defined under Rule 3.1.17 of the 2015 IRR of the SRC, to wit: various propaganda and advertisements to entice the general public to invest their money and earn guaranteed profits constitute public offering of securities Furthermore, the act of SCET Colleens in publishing in its website of securities for sale through any of the following modes shall be presumed to be a public offering: "3.1.17. Public offering is any offering of securities to the public or to anyone, whether solicited cr umsolicited. Any solicitation or presentation XYX any other forms of communication;$ (Emphasis supplied) 3.1.17.3 Advertisement or announcement in radio, television, telephone, electronic communications, information communication technology or registration statement duly filed with and approved by the Commission, thus: be sold or offered for sale or distrbution within the Philippines, without a Section 8.1 of the SRC categorically provides that securities shall not and with such substance as tne Commission may prescribe, shall be made available to each prospective purchaser." (Emphasis and underscoring supplied) not be sold or offered for saiz or distribution within the Philippines. without a registration statemert duly filed with and approved by the Commission. Prior such sale, information on the securities, in such form "SEC. 8. Requirement of Registration of Securities. -- 8. 1 Securities shall registration statement with respect to such securities, in such form and containing such information anc documcnts as the Commission shall Commission, 19 the Supreme Cour: ruled that: required to be registered under Subsection 8.1 shall be registered through the filing by the issuer in the main cffice of the Commission, of a sworn prescribe. In the case of Power Homes Unlimited v. Securities and Exchange In connection thereto, Section 12.1 of the SRC states that all securities investing public's level of confidenee ir the system." registered with public respondent SEC, otherwise the SEC cannot protect the investing public from fraudulent securities. The strict regulation of securities is founded on the prerrise that the capital markets depend on the "As an investment contract tha: :s secur:ty under R.A. No. 8799, it must be platforms to potential investors without prior registration. Colleens is offering its investment schemes publicly through online advertisements using its through its website and relevant social media In the instant case, evidence adduced by the EIPD showed that SCET Relative thereto, Section 64 cf the SRC provides that: 18 Rule 3.l.17 of the Implementing Rules and Reguiations of the SRC. 19 Note 24, Supra. proper investigation or verificatior,motu proprio or upon verified "Section 64. Cease and Desist Order. 64.1. The Commission, after THE DOCUMENTS ON RECORD CERTIFHED TRUE COPY OF SECOGO A investing public. (Emphasis suppliec) complaint by any aggrievec party, may issue a cease and desist order without the necessity of a prier hearing if in its judgment the act or practice, unless restrained, will operate as a fraud on investors or is otherwise likely to cause grave or irreparable injury or prejudice to the issuance of a cease and desist order: There are two (2) essential requirements that must be met prior to the 1) There must be a concuct of a proper investigation or verification; and 2 There must be a finding that the act or practice, unless restrained, will operate as a fraud on investors or is otherwise likely to cause grave or irreparable injury or prejudice to the investing public.20 social media were included in the affidavit as faithful reproductions of such online posts and presentations.2 and the various documents gathered and submitted in support of its Motion company; (3) A copy of the falsifiec document bearing the CGFD's letterhead Investigator's affidavit which attested to the veracity of the information received from the public about the unauthorized investment-taking activities of SCET Colleens. Screenshots of che website, and relevant online posts in Motion: 1 Certifications from the Commission's MSRD and CGFD Complaints from the public who were cefrauded by SCET Colleens and who are now demanding for the returns of their investment guaranteed by the purportedly authorizing SCET Colleens to solicit funds from the public; (4) with the Cebu EO conducted a proper irvestigation as evidenced by its report showing the conduct of SCET Coileens' unauthorized investment schemes. The EIPD specifically presented che following evidence in support of its certifying that SCET Colleens is not licensed to offer/sell securities; (2) Anent the first requisite, the records show that the EIPD in coordination relating to the conduct of an investigaticn as a pre-requisite to the issuance of a CDO. The foregoing shows that the EIPD complied with the legal requirement Colleens employed fraud when :t usec a spurious Certification from the CGFD. The second requisite is likewise present considering that SCET Section 26 of the SRC proviaes, tc wit: "Section 26. Fraudulent Transactions. - It shall be unlawful for any person, directly or indirectly. in connection with the purchase or sale of any securities to: 21 Annexes "E-1" to "E-2" of the Motion. 20 Securities and Exchange Commission vs. Perforrance Foreign Exchange July 20, 2006 Corporation,G.R.No.15413 CHET 8E TM TSONRECORI PAG 26.1. Employ any device, scheme, or artifice to defraud; 26.2. Obtain money or proper:y by means of any untrue statement of a material fact of any omission to stare a material fact necessary in order to make the statements made, in -he light of the circumstances under which they were made, not misleading:. or 26.3. Engage in any act, transaction, practice or course of business which operates or would operate as a fraud or deceit upon any person." (Emphasis supplied) that fraud is a generic term that ccvers any act calculated to deceive, thus: In People of the Philippines s. Mateo, et al.22, the Supreme Court held which deceives or is intended to deceive another so that he shall act upon it to his legal injury." (Emphas:s supplied) breach of legal or equitable cuty, trust, or confidence justly reposed, resulting in damage to anather, or by which an undue and unconscientious advantage is taken of another. It is a generic term embracing all multifarious means which human ingenuity can devise. and which are resorted to by one individual to secure an advantage over another by false suggestions or by suppression of truth and includes all surprise, trick, cunning, dissemtling and any unfair way by which another is cheated. On the other hand, deceit is the false representation of a matter of fact, whether by words or conduct, by false or misleading allegations, or by concealmcnt cf tha: which should have been disclosed "Fraud, in its general sense, is deemed to comprise anything calculated to deceive, including all acts, omissions, and concealment involving a to make it appear to investors that it is authorized to solicit funds from the thus succeeded to con the public to invest in its business by means of fraud. circulated a fake certification purportedly issued by the Commission's CGFD public and that such investment-taking activity is legitimate. SCET Colleens In this case, SCET Colleens intentionally used, presented, and effectively promises to investors a 100% return of investments which at present amounts to Php9,375,800.24 Colleens will readily show that its business model is not sustainable in view of its minimal capitalization vis-a-vis its promised returns. To emphasize with an authorized capital stock o only PhP1,000,000.0023, SCET Colleens Moreover, a careful evaluation and analysis of the operations of SCET restrained from offering or seiling securities in the form of investment contracts. In the absencc of a secondary license, SCET Colleens should be securities warrants the prompt issuance of a cease and desist order as it Finally, SCET Colleens' act of selling and/or offering unregistered 24 Total amount of capital investments made by the omplainants, Annex " of theMtotionDimitedto thY 22 G.R. No. 210612, October 9, 2017. 23 Annex "B" of the Motion. Complainants who made their plights known, thus he real amount may be higher.HE DOCUMENTS ON RECORD C D M or irreparable injury or prejudice te the investing public.25 The Supreme Court categorically held in Securities and Exchange Commission vs. CJH Development Corp.26 that: operates as a fraud to the public which, if unrestrained, will likely cause grave to the public that the SEC is obliged to protect. complaint from an aggrieved party. A prior hearing is also not required investors. There is good reasor for this provision, as any delay in the restraint of acts that yield such resuits can only generate further injury "The law is clear on the point that a cease and desist order may be issued by the SEC motu proprio, it being unnecessary that it results from a verified whenever the Commission finds it appropriate to issue a cease and desist order that aims to curtail fraud or grave or irreparable injury to the SEC may prescribe, shall be made available to each prospective buyer." The act of selling unregistered securities would necessarily operate as a fraud on investors as it deceives the investing public by making it appear that respondents have authority to deal on such securities. Section 8.1 of the SRC clearly states that securities shall not be sold or offered for sale or distribution within he Philippines without a registration statement duly filed with and approved by the SEC and that prior to such sale, information on the securities, in such form and with such substance as (Emphasis supplied) requisite registration statement is duiv filed with and approved by the Commission. salesmen, agents, and any and all persons claiming, acting, and operating for DESIST from engaging in the anlawful/unauthorized solicitation, offer the same nature, as discussed in this Cease and Desist Order, until the JANE CASAO CHAVES, and EARL STA. RITA SAGUINDEL, its operators, officers, including Shara Jane Chavez Cruzat, representatives. and in their behalf, are hereby ordered to IMMEDIATELY CEASE AND and/or sale of securities in the form of :nvestment contracts or any others of VILLEGAS TABLANTE, ARTEMIO TARONA PONCE, JR., SHARA directors namely,KAY ANNE CUIZON LEYSON,EDITH FRANCISSE WHEREFORE, premises censidered, SCET Colleens Corporation, its information providers, salesmen, agents, brokers, dealers or the like for and in their behalf representatives, salesmen, agents and any and all persons claiming and acting for and in their behalf are likewise cirected to CEASE their internet presence relating to the transactions and investment scheme covered by this Cease and Desist Order. The Commission wir institute the appropriate administrative and criminal action against any persons or entities found to act as solicitors, SCET Colleens Corporation, its operators, directors, officers, agents and any and all persons claiming aid acting for and in their behalf from Corporation, its operators, directcrs, officers, representatives, salesmen, Finally, the Commissior hereby PROHIBITS SCET Colleens OC 25 Section 64 of the Sccurities Regulation Coie. 26 (G.R. No. 210316, November 28, 2016) THE DOCUMENTS ON RECORD CERTIFIED TRUE COPYO PAGE 19 PAGE transferring, disposing, or conveving in any manner, any and all assets, properties, real or personal, inclading bank deposits, if any, of which the named persons herein may have interest, claim or participation, whether assets of the investors transacting any business involving funds in its depository banks, and from directly or indirectly, under their custody, to ensure the preservation of the the Commission's website, and (b) the publication of the same in a newspaper of general circulation as provided for under Section 4-2, Rule IV, Part I of the 2016 Rules of Procedure of the SEC. posting of this Order in SCET Cclieens Corporation's principal office and in The EIPD of the Commission is hereby DIRECTED to cause (a) the DAYS from receipt of this Cease and Desist Order. report, by way of pleading, to the Commission En Banc WITHIN TEN (10) The EIPD is FURTHER DIRECTED to submit a formal compliance Privacy Communications Technology for heir information and appropriate action. Monitoring Department, Marke: and Securities Regulation Department. Communications Technology Department of this Commission, the Bangko Sentral ng Pilipinas, the Department cf Trade and Industry, the National Corporate Governance and Finance Department and the Information and Let a copy of this Order be farnished to the Company Registration and Commissionandthe Department of Information and receipt of this Order. II, Rule IV,Section 4-3 of the 2016 Rules of Procedure of the SEC, the Respondent may file a verified Motion to Lift the CDO to the Commission En Banc thru the Office of the General Counsel, within five (5) days from In accordance with the provisions of Section 64.3 of the SRC and Part FAIL NOT UNDER PENALTY OF LAW. SO ORDERED. Pasay City, Philippines; 07 December 2021. MW EMILIO B|AQUINO Chairperson EPHYROLUIS B.AMATONG Commissioner JAVEY PAUL D.FRANCISCO Commissioner SE OG CERTIFIEDTRUECOPYO THE DOCUMENTS ON RECORD PAGE EPAGE KELYNLESTER K.LEE Commissioner KARLO S. BELLO Commissioner SES OGC THE DOCUMENTS ON RECORD CERTIFHED TRUECOPYOF PAG 3 3 PAGE B