Guidelines on the Issuance of License/Authority to Operate a Pawnshop and Other Applications Requiring Prior Approval

E}ANGKO SENTREL NG PILIPINAS OFFICE OF THE DEPUW GOVERNOR SUPERVISION AND EXAMINATION SECTOR MEMORANDUM NO. M-2OT7. OQ7 To Att PAWNSHOPS Subject GUIDELTNES ON THE TSSUANCE OF UCENSE/AUTHOR|W TO OPERATE A PAWNSHOP and OTHER APPUCATIONS REQUIR|NG PRIOR APPROVAT Pursuant to Monetary Board Resolution No. 2061 dated 17 November 2016, approving the Amendments to the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) - Pawnshop (P) with the issuance of Circular No. 938 dated 23 December 2016 and Memorandum No. M-201.7-003 dated 27 lanuary 20L7, the following guidelines shall govern the implementation of the pertinent provisions of the MORNBFI-P Regulations on the issuance of license/authority to operate a pawnshop and other applications requiring prior Bangko sentral ng pilipinas (BSp) approval. l. GeneralGuidelines A. Authorized Signatory An operator securing BSP's Authority to Operate (AO) a pawnshop business and other requests requiring prior BSP approval shall file an application with lntegrated Supervision Department | (lSD l), BSP. The application form shall be signed by the proprietor/managing partner/president or officer of equivalent rank and shall be accompanied by the necessary documentary requirements. The applicant shall ensure its completeness, reliability and conformity with the BSP-prescribed forms. No application shall be accepted from a person or entity other than the proprietor/ partner/president unless the person or entity applying in behalf of the proprietor/ partnership/corporation submits a duly executed and notarized special power of attorney authorizing the person or entity. In the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted. B. BSP-Prescribed Form All applications shall be submitted using the following prescribed Data Entry Template/Form, otherwise, it shall not be accepted. Application Form Description Form lP AUTHORIW TO OPERATE A PAWNSHOP BUSINESS Form 2P TRANSFER OF OWNERSHIP Form 3P CHANGE OF BUSINESS NAME Form 4P SURRENDER OF PAWNSHOP OPERATOR LICENSE A.Mobini St..Molote l0O4Monilo,Philippines . (6321 708-7701 . www.bsp.gov.ph . [email protected]

C. Start of Processing of Application Applications shall only be processed upon receipt of the following: 1. Proof of Payment of non-refundable filing fee of P1,000. All applications are subject to non-refundable filing fee of P1,000 on a per office basis. Other relevant fees such as metal plate fee of P500, replacement fee of P1,000 shall likewise be collected, if applicable. Payment of fees may be made through the following: a. Cash Department located at Ground Floor Multi-Storey Building, BSP Complex, A. Mabini Street, Malate, Manila upon generation of Order of Payment at the ISD I Registration Counter or at any BSP Regional Offices/Branches as the case maybe. b. In the form of Manager's Check (MC) or Postal Money Order (PMO) payable to the Bangko Sentral ng Pilipinas sent through Registered mail or courier. 2. Complete documents including proof of payment of applicable fees which may be submitted either through: a. Personal filing at ISD I Registration Counter, Ground Floor Multi-Storey Building, BSP Complex, A. Mabinistreet, Malate, Manila; or b. Postal/Courier services addressed to: The Director Integrated Supervision Department I Bangko Sentral ng Pilipinas 14th Floor, Multi-Storey Building BSP Complex, A. MabiniStreet L004 Malate, Manila ll. SpecificGuidelines A. Licensing Process on the lssuance of Authority to Operate a Pawnshop Business An entity wishing to be a Pawnshop Operator shall file an application with ISD l, BSp for the Authority to Operate a pawnshop business describing the services to be offered and indicating the type of license applied for. Submission guidelines: 1. The application shall be submitted using the prescribed Data Entry Template (DEr).

In using the DET, the following shall be observed: a. Download the prescribed DET and User's Guide or request directly from BSP-ISD I thru email address [email protected]. b. Accomplish the prescribed DET and save using the file name 'DET - Pawnshop Name" (example: DET - ABC Pawnshop). c. The duly accomplished DET shall be submitted through e-mail address [email protected] using the prescribed format for the subject as follows: <Application Type> - <Mode of Submission*>, <Province, City/Municipality** of Head Office>, <Name of Pawnshop> as illustrated below: lllustrotion To: [email protected] Subject: Authority to Operate a Pawnshop Business - Personal, Metro Manila, Manila, ABC Pawnshop * Mode of submission of documents, if through Personal filing (Personal) or Postal/Courier services (Mail) ** The city/municipality in the subject refers to the location of the head office. The e-mail address to be used by the entity should belong to an authorized responsible officer. lt shall be considered as the official e-mail address registered with BSP which shall be used for official communications. d. Print the corresponding DET generated application Form 1P. Said Forml.P duly notarized and signed by the authorized signatory shall be submitted together with the documentary requirements listed in Annex A. The applicant shall submit both the soft and hard/printed copy. The applicant shall submit the documents/DET generated forms within five (5) working days from the date of the e-mail. Otherwise, the application may be considered as withdrawn. 2. The applicant shall be informed of the result of evaluation. An entity that received a notice of approval shall pay the corresponding licensing fee (net of filing fee paid) and metal plate fee of P500 to receive the BSP Certificate of Authority (COA). The type/classification of license issued to the entity is indicated in the said COA.

B. Other Applications Requiring Prior BSP Approval 1. Transfer of Ownership A pawnshop operator wishing to transfer ownership shall submit an application using the BSP-prescribed form (Form 2P) duly notarized and signed by the authorized signatory and be accompanied by the documents listed in Annex B at least ten (10) working days before effecting the transfer. b. lf said transfer of ownership shall result in change of classification of pawnshop license or change of registered business name, the applicant shall pay the corresponding fees to receive the new COA. 2. Change of Registered Business Name A pawnshop operator wishing to change its registered business name shall submit an application using the BSP-prescribed form (Form 3P) duly notarized and signed by the authorized signatory and be accompanied by the documents listed in Annex C at least ten (10) working days before effecting the change. 3. Reclassification of Pawnshop License Any change on the type of pawnshop license previously issued by the BSp (i.e. Pawnshop operator classified and registered as Type A but subsequently reclassified as B or C and vice versa) is subject to evaluation. The pawnshop operator shall submit a new set of application in accordance with the provisions in item ll.A as cited above. 4. Surrender of Pawnshop Operator License due to Closure of Business The pawnshop operator shall submit an application using the BSP-prescribed form (Form 4P) for the surrender of the pawnshop operator license at least thirty (30) calendar days prior to the intended closure duly notarized and signed by the authorized signatory together with the documentary requirements listed in Annex D. ilt. Licensing Process for Existing BSP-Registered Pawnshops All existing Pawnshop Operators as of date of signing of this Memorandum shall secure their Authority to Operate a pawnshop business from BSP within one year from the date of effectivity of Circular No. 938 or until 27 January 2Ot8. The following guidelines shall govern: 1. Submit an application in accordance with the provisions in item ll.A as cited above. 2. Ensure compliance with the following regulatory requirements: a. No outstanding annual and metal plate fee;

b. No unsubmitted report ls i.e., Consolidated Statement of Condition (CSOC), Consolidated Statement of Income and Expenses (CSIE) and Audited Financial Statement (AFS), as applicable; and Minimum capitalization and borrowing limits as prescribed under Sections 12 and 13 of Circular No. 938. Any pawnshop that does not meet said requirements shall submit to the BSP within six (6) months from the effectivity of these regulations the application for a Certificate of Authority (COA) along with an acceptable plan of compliance for a period not to exceed one (1) year from date of submission pursuant to Section 76 of the same Circular. Only applications with no outstanding regulatory requirements, with completely submitted required documents and duly paid non-refundable filing fee shall be accepted and processed. 3. The entity should simultaneously submit the application for head office and notification of its operating pawnshop officesl using the DET prescribed forms. The notification guideline is covered by a separate Memorandum. Previously registered pawnshop offices not included in the notification shall be DEIISTED from the BSP Registry of Pawnshops. 4. Pawnshop operator with corollary business activities as Foreign Exchange Dealer (FXD)/Money changer (MC) and/or Remittance Agent (RA) shall comply with the registration requirements provided for under a separate guideline for money service business operations. 5. The applicant shall be informed of the result of evaluation. An entity that received a notice of approval shall pay the corresponding licensing fee (net of P1,000 filing fee paid) prior to the issuance of the new BSP Certificate of Authority (COA) for the head office. The new BSP registration number and type/classification of license issued to the entity are indicated in the said COA. 6. A new BSP registration number and metal plate shall be issued to existing pawnshop offices. The new metal plate shall be subject to P500 fee to cover production cost. Existing pawnshop offices and pending applications with paid annual fee of Psoo, metal plate fee of P5002 and processing fee of p1,000 per BSP record shall be applied accordingly. tv. Registration with the Anti-Money laundering Council (AMLCI All pawnshop operators shall register with the AMLC within five (5) business days from receipt of COA to facilitate electronic reporting of covered and suspicious transactions. The proof of registration with AMLC shall be submitted to ISD I within five (5) business days from registration thereat. ' Including pending application/s received by BSP prior to effectivity of Circular No. 938 ' Pertains to metal plates of pawnshop offices that are for production

v. Business Hours A. lSD I Registration Counter at Ground Floor Multi-Storey Building, Compler Manila 1. Acceptance of Applications/Notifications/Payments Monday to Friday, 9:00 a.m. - 2:00 p.m. 2. Inquiries/Clarifications Monday to Friday, 9:00 a.m. - 4:30 p.m. B. BSP Regional Offices/Branches (Payments onlyf Monday to Friday, 9:00 a.m. - 1:30 p.m. For guidance and compliance k**m ZUFebruary 2OL7

Form lP (DET generated form) APPLICATION FOR AUTHORIW TO OPERATE A PAWNSHOP BUSINESS (To be completely filled up. Indicate "NA" if an item is not applicable) Thru: The Office of the Director Date: Integrated Supervision Department I Pursuant to Presidential Decree No. 114 and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) pawnshop (p) - Regulations, as amended, I hereby apply for Authority to operate a pawnshop Business: CTASSIFICATION OF PAWNSHOP OPERATOR TICENSE A - Bosic pownshop business with not morc thon ten (70) offices. B - Bosic pdwnshop business with more thon ten (70) olfices ond with or without Bsp-rcgistered corollory business octivities, excl udi ng re mitto nce operotions. C - Basic pawnshop business with more thon ten (10) offices ond with BsP-registered corollory business octivities inctuding remittonce operutions. D - virtual pownshop operatorc or those engoged in pownshop business through electrcnic powning (e-pawning) which refer to systems ond processes thot enoble customers to pown their personol property through electrcnic chonnels. 2, FUtt COMPANY NAME (as appearing 3. TIN in the DTI/SEC Redstration) 4. COMPANY NAME 5. REGISTERED BUSINESS/TRADE NAME/S 6. DTr / SEC REGTSTRATTON NO. 7, Date lssued 8. Valld Until 9. BUSTNESS TOCATION lf within d Bldg,, specify stoll, room, floor number StreetNo.& Name/Purok Eorcngoy City/Municipolity Province Londline Mobile No. 10. CONTACT INFO. Emoil oddresst/ Website 11. BUSINESS PERMIT/ NATURE or Business Permit No. Dote lssued Volid Until Kind of Business TYPE OF BUSINESS 12. FORM OF BUSINESS ORGANIZATION 13. BENEFIC|AI OWNER/S'z/ Name Citizenship Address TIN Landline Email address r4. UWNEruHIP AND MANAGEMENT STRUCTURE t4.t Ltst oI Board of Dlrectors / Ltst of portnerc / Owner Name Citizenship Address Position TIN Amount of Contribution of Email address Ownershin 14.2 Llst ol Shareholders Name Citizenship Address TIN Amount of Contribution %ot Email address Owne^hi6 t4.3 Ltst oI Wcerc Name Citizenship Address Position TIN Email address 1/ Shall be considered the official e-mail address registered with BSp 2/ Refers to natural person(s) who ultimately owns or controls the pawnshop as described under section 77 item b of circutar No. 93g dated 23 December 2016

Form lP (DET generated form) In support oI this application, dpplicdtion, I/we / l/we submit the documentary requirements listed in Annex A. REPUBLTC OF THE PHtLtPPtNES ) crTY )s.s. |,,so|emn|yswearthata||matterssetforthonthesestatementsaretrueand correct correct to the best of my knowledge and belief. @ Proprietor/Managing Partner/P Partner/President/ Authorized Officer3/) Designation suBscRlBED SWoRN to before me this SUBSCRfBED AND SWORN day of _ 20 2 , in the Citv/ Municipality of , by' by: I Name Name J Any government issued lD nnygorern Expiry Date NOTARY PUBLIC Doc. No. Page No. Book No. Series of 20 3/ Supported with notarized special power of attorney authorizing a person/entity to apply for an authority to operate a pawnshop business in behalf of the proprietor/partnership/corporation. In the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted.

Annex A Application for Authority to Operate a Pawnshop Business Company Name: Date: Documents to be submitted (fastened in a folder| Remarks (Mga dokumentong dapat ipaso na nokapaloob sa folder) L. Dufy notarized Form LP lData Entry Template (DET) generoted forml. 2. System generated acknowledgement e-mail from [email protected]. 3. Sworn Undertaking (Annex A-7), in case of sole proprietorship, or sworn agreement, in case of partnership/corporation, to organize and operate a pawnshop business compliant with existing laws, rules and regulations. 4. Personaf data sheet (using BSP-prescribed form for pawnshops - Annex A-21with passport size picture duly accomplished by the proprietor or partners or incorporators, directors, officers, individual stockholders owning LO% or more of the voting stock, and the beneficial ownersl of the pawnshop. 5. Sworn certification (Annex A-3) that the applicant has the financial capacity to organize and operate a pawnshop business. 6. NBI Clearance for the proprietor/partners/incorporators/diredors/principal officers. With validlty of ot least 3 months from the date of application. 7. Articles of Partnership/lncorporation'and by-laws duly registered with the Securities and Exchange Commission (SEC), in the case of a partnership or a corporation which Articles shall indicate that the primary purpose of the partnership/corporation is to engage in the business of a pawnshop or a pawnbroker. 8. For corporate subscribers : b. General Information Sheet (GtS) filed with the SEC. c. List of major stockholders, including the corporation's ultimate beneficial owners, indicating the citizenship and the number, amount and percentage of the voting and non- voting shares held bv them. 9. Duly notarized authorization form (Annex A-4) for querying the BSP watchlist file from the proprietor/partners/directors, president and proposed manager or officer-in-charse. 10. A Certificate of Registration (COR) of business name from the DTl, in case of a sole proprietorship. 11. Certified true copy (by the Head of Business Permit and Licensing Office or equivalent position, with printed Name and Designation) of the city/municipal license/business license/mayor's permit for the current period. t2. Certified true copy/ies (by the Authorized Signatory) of the certificate/s evidencing attendance, or a sworn undertaking to attend, of proprietor/partners/incorporators/directors/ president/manager/officer-in-charge in a briefing on pawnshop regulations and a seminar on AMLA, as amended, in accordance with Section 7 of Circular No. 938, detailed as follows: Name Position Date(sl Attended (continue in o seporote sheet if necessory) 13. Notarized special power of attorney authorizing a person/entity to apply for an authority to operate a pawnshop business in behalf of the proprietor/partnership/corporation. In the case ofa corporate applicant, a certified true copy ofthe board resolution authorizing the person or entity shall likewise be submitted. 1 Beneficial owner refers to natural person(s) who ultimately owns or controls the pawnshop. lt also includes those persons who exercise ultimate effective control over a legal person or arrangement. - ' Including the latest General Information Sheet (GlS) filed with SEC as applicable,

Annex A Application for Authority to Operate a Pawnshop Business Company Name: Date: Documents to be submitted (fastened in a folderf Remarks (Mgo dokumentong dapat iposa na nakopoloob so folder) 14. Payment /Proof of payment of applicable fees. 15. In addition to items 1 to 14 above, existing pawnshops subject to re-registration which failed to meet the minimum capital reguirements and borrowing limits shall likewise submit an acceptable capital build-up and de-leveraging program for a period not to exceed one (1) year from date of submission. INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (H'NDI TATANGGAP'N ANG MGA DOKIIMENTONG KULANG) NOTE(S) (to be filled-up by BSP personnet onty) : 7. 2. 3. 4. 5. Submitted by: I Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date :

Annex A-1 REPUBLIC OF THE PHILIPPINES ) CITY )s.s. DEED OF UNDERTAKING l, lname and designationl, of legal age and under oath, declare the following: That I have been duly authorized by (compony nomel with principal address at and contact details and its Board of Directors/Partners/Owners to bind (company namel to strictly comply with all the requirements, rules and regulations of the Bangko Sentral ng Pilipinas (BSP) regarding the licensing and operations of pawnshop business and other relevant laws, rules and regulations. (company nomel Board of Directors/Partners/Owners/Officers hereby understands, undertakes and ensures that: 1. l/We shall strictly comply with all the requirements, rules and regulations of the Bangko Sentral regarding the licensing and operations of pawnshop business as provided under Presidential Decree (P.D.) No. 114, Manual of Regulations for Non-Bank Financial Institutions Pawnshop, BSP Memorandum No. M-2017-003 dated 27 January 2OL7 and other applicable laws, rules and regulations; 2. l/We shall ensure adequate compliance with all the provisions of the Anti-Money Laundering Act of 2001. (R.A. No. 9160, as amended), and its revised implementing rules and regulations as well as the implementing rules issued by the Bangko Sentral particularly on the conduct of Know-Your-Customer and proper recording and reporting of transactions (covered and suspicious transactions) to the Anti-Money Laundering Council Secretariat; 3. l/We shall fully comply with the minimum capitalization and borrowing limits as prescribed under Section 12 and 13 of Circular No. 938; 4. l/We shall ensure the exclusive use of bank account/s in the name of the licensed entity/pawnshop in its official business subject to Bangko Sentral examination for AML purposes;

Annex 4-L 5. l/We shall ensure compliance with the disclosure requirement on the entity/pawnshop beneficial owner/s; 6. l/We shall assume full responsibility to comply with all the requirements, rules and regulations of the Bangko sentral regarding the license, registration and notification of all its offices/branches and its compliance with the registration requirements; 7. l/we shall submit all documentary requirements before effecting the following: (a) transfer of ownership; (b) change of registered business name; and (c) surrender of pawnshop operator license due to closure of business; 8. l/we shall notify the appropriate department of BSp-sES the following events: (a) commencement of pawnshop operations; (b) newly-established pawnshop offices; (c) transfer/relocation of business; and (d) voluntary closure of pawnshop office; 9. l/we shall strictly comply with requirements to maintain records and submit the required reports as prescribed by the Bangko Sentral; 10. l/we shall maintain an internal control system commensurate to the nature, size and complexity of the business. we shall develop sound risk management policies and practices to ensure that risks associated with the operations of a pawnshop business are identified, assessed, monitored, mitigated and controlled and shall adhere to the guidelines prescribed by the Bangko Sentral; 11. l/we shall adopt the minimum standards of consumer protection in the areas of disclosure and transparency, protection of client information, fair treatment, effective recourse and financial education pursuant to Section 53 of Circular No. 938, as may be applicable; 12. l/we shall hire, and/or engage the services of, external auditors/auditing firm, who will assist in the preparation, andf or render an opinion on the fairness, of the pawnshop's financial statements. The external auditors/audit firm to be contracted shall be from the BSP list of selected auditors for supervised and/or regulated institutions if required based on my/our type of pawnshop license; 13. l/we shall attend the required Briefing on pawnshop Regulations and Anti-Money Laundering Law seminar/training before commencement of actual operations. Attendance to these seminars shall also be required for all persons directly involved in the operations of pawnshop business;

Annex A-1 t4. l/We, in case of violations of any of the aforementioned laws, rules and regulations, shall be responsible for such violation/s and shall be subject to the administrative sanction prescribed under section 37 of R.A. No. 76s3, as implemented by BSP Circular No. 875 or the BSp Supervisory Enforcement Policy, in relation to Section 17 of P.D. No. 114. (Signature over printed name of Proprietor/M anaging P artner/ President /Authorized Officerl) Designation SUBSCRIBED AND SWORN to before me this _ day of 20- , in the City/Municipality of by: Name Any government issued lD Expiry Date Notary Public Doc. No. Page No. Book No. Series of 20 t Supported with notarized special power of attorney authorizing a person/entity to apply for an authority to operate a pawnshop business in behalf of the proprietor/partnership/corporation. In the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted.

Annex A-2 Page 1 of4 COMPANY NAME lD picture taken within ADDRESS the last 6 months 3.5 cm. x 4.5 cm. PERSONAT DATA SHEET (passport size) Computer generated or photocopy of NAME picture is not acceptable POSITION I hereby certify that the information contained in this document and its supporting schedule of my own knowledge is true and correct. Signature over printed name Designation REPUBLIC OF THE PHILIPPINES ) CITY )s.s. SUBSCRIBED AND SWORN to before me this ry of day 20 , in the City/Municipality of by: - Name Anv government issued ID Expirv Date Notary Public Doc. No. Page No. Book No. Series of 20

Annex A-2 UPDATED AS OF BIOGRAPHICAT DATA NAME ADDRESS PERSONAT INFORMATION: 1. NAME: 2. TIN : 3. UPDATED AS OF : 4. OTHER NAMES USED, IF ANY : 5. MANAGEMENT LEVEL : ! Director ! officer 6. DATE ELECTED / RE-ELECTED / APPOINTED / POSITION CHANGED : 7. RESIDENCE ADDRESS : 8. TELEPHONE NO. : 9. E-MAILADD : 10. BUSINESS ADDRESS 11. TELEPHONE NO. : 12. E-MAILADD : 13. CIVILSTATUS : ! Single ! Married ! Divorced/Separated ! wtdow 14. SEX : ! Male I Female 15. CITIZENSHIP : 16. DATE OF BIRTH : 17. PLACE OF BIRTH : (Please indicate "N/A" for lields thot dre not applicabte)

Annex A-2 NAME UPDATED AS OF FAMItY RELATIONS (Legitimate or Common-Law): SURNAME GIVEN MIDDLE SUFFIX (e.9. Jr., lil) 18. NAME OF SPOUSE SURNAME GIVEN MIDDLE SUFFfX (e.9. Jr., lll) 19. NAME OF COMMON-LAW SPOUSE 20. First Degree Relatives by consanguinity: parents and children of legal age: Legitimate or illegitimate NAME (Surname, G RELATIONSHIP (continue in seporate sheet if necessary) 21. First Degree Relatives by Affinity: Parents-in-Law and Children-in-Law of legal age: Legitimate or illegitimate , Given, Middle (continue in seporate sheet if necessary) 22. Second Degree Relatives (of legal age) by Consanguinity: Grandparents, Grandchildren, Brothers and Sisters NAME (Surname Given, Middle RELATIONSHIP (continue in seporote sheet if necessary) (Please indicate "N/A" for lields thot are not opplicable)

Annex A-2 NAME UPDATED AS OF FAMILY REIATIONS (Legitimate or Common-Lawf: 23. Second Degree Relatives (of legal age) by Affinity: Grandparents-in-law, Grandchildren-in-law, Brothers-in- law and Sisters-in-law NAME (Surname, Given, Middle (continue in seporate sheet if necessary) OTHERS: 24. Business establishments where the directors/officers and their spouses and within the second degree relatives have equity interests (As of ). PERCENT OF STocKHoLDTNGS/ NAME OF CORPORATTON/ NAME OF PERTINENT STOCKHOLDERS, DATE OF INFORMATION ASSOCTATTON/FtRM MEMBER CENTRAL PARTNER, OTHERS (continue in separate sheet if necessary) 25. Have you ever been convicted, judicially or administratively of an offence or judicially declared insolvent, spendthrift, or incapacitated to contract? ! Yes nruo lf yes, please state: COURT OF JURISDICTION DATE INFORMATION FILED (continue in separote sheet if necessary) (Please indicate "N/A" for fields that ore not applicable)

Annex A-3 REPUBLIC OF THE PHILIPPINES ) ClTY )s.s. SWORN CERTIFICATION This is to certify that (company name) with principal address and contact details has the financial capacity to organize and operate a pawnshop business and is compliant with the minimum paid-in capital in cash under Section L2 of BSP Circular No. 938 dated 23 December 2016. As of (dote ol opplication), the company's paid-in capital is (amount) as evidenced by ' atta che d su p po rti n g d ocu m e nts). (Signature over printed name of Proprietor/M anaging Partn er/ President/Authorized Officerl) Designation SUBSCRIBED AND SWORN to before me this _ day of 20- , in the City/Mun icipality of by: Name Any government issued lD Expiry Date Notary Public Doc. No. Page No. Book No. Series of 20 Supported with notarized special power of attorney authorizing a person/entity to apply for an authority to operate a pawnshop business in behalf of the proprietor/partnership/corporation. In the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted.

Annex A-4 AUTHORIZATION t, , after being sworn in accordance with law, do hereby authorize the following, pursuant to the provisions of Section 77 of BSP Circular No. 938 dated 23 December 20L6, Amendments to the Manual of Regulations for Non-Bank Financial lnstitutions (MORNBFI)- Pawnshop (P) Regulations: a. (company nome) to conduct a background investigation on myself as (position) in (compony nome) which include, among others, inquiring from the Watchlist Files of the Bangko Sentral ng Pilipinas; and b. The Bangko Sentral ng Pilipinas to disclose its findings pertinent to the aforementioned inquiry on the said Watchlist Files to (company nome). With the above authorization, I hereby waive my right to the confidentiality of the information that will be obtained as a result of the said inquiry, provided that disclosure of said information will be limited for the purpose of ascertaining my qualification or non- qualification for the said position. lN WITNESS WHEREOF, I have hereunto set my hand this Signature over Printed Name SIGNED IN THE PRESENCE OF: (Witness) (Witness)

Annex A-4 Page2 of 2 ACKNOWTEDGEMENT REPUBLTC OF THE PHtLtPP|NES ) crTY )s.s. BEFORE ME, this _day of _ 20_ in personally appeared the following person: Name Any government issued lD Expiry Date known to me and to me known to be the same person who executed the foregoing instrument which (he/she) acknowledged to me as (his/her) free and voluntary act and deed, consisting of only pagefs, including this page in which this Acknowledgement is written, duly signed by (him/her) and (his/her) instrumental witnesses on each and every page hereof. WITNESS MY HAND AND SEALthis Philippines. Notary Public Doc. No. Page No. Book No. Series of 20

Submission Deadline: Form 2P 10 working days before (DET generated form) effecting the transfer Page L of 2 APPTICATION FOR TRANSFER OF OWNERSHIP (To be completery filled up. Indicate "NA" if an item is not applicable) Thru: The Office of the Director Date: Integrated Supervision Department I Pursuant to Presidential Decree No. 114 and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI)- Pawnshop (P) Regulations, as amended, I herebv applv for Transfer of Ownershio: 1. TRANSFER OF OWNERSHIP 2. PS REG. NO. 3. FULI COMPANY NAME (as appearinr 4. TIN in the DTI/SEC Registration) 5. COMPANY NAME 6. REGISTEREO BUSINESS/TRADE NAME/S 7. DTt I SEC REGTSTRATTON NO. B. Date lssued 9. Valid Until 10. BUSTNESS LOCAT|ON lf within o Bldg., spcify stoll, room, floor StreetNo.& Nome/Purok Borongoy numbel City/Municipolity Prcvince Londline Mobile No. Email oddressl/ Website 11. CONTACT INFO. 12. BUSINESS PERMIT/ NATURE or Eusiness Permit No. Date lssued Valid Until Kind of Business wPE OF EUSINFSS 13. FORM OF BUSINESS ORGANIZATION 14. BENEFICIAT OWNER/S4 Name Citizenship Address TIN Landline Email address 15. OWNERSHIP AND MANAGEMENT S TRUCTURE L'.l List of Boord of Directors / List ol PoAners / Owner Name Citizenship Address %ol Position TIN Amount of Contribution Email address 15.2 List oI Shdreholders Name Citizenship Address %of TIN Amount of Contribution Email address Ownershio 15.3 List of Olficers Name Citizenship Address Position TIN Email address 1/ Shall be considered the official e-mail address registered with BSP 2/ Refers to natural person(s) who ultimately owns or controls the pawnshop as described under Section 77 item b of Circular No. 938 dated 23 December 2016

Submission Deadline: Form 2P 10 working days before (DET generated form) effecting the transfer Page 2 of 2 ln supoort of this I/we submit the listed in Annex B. REPUBLTC OF THE PHtLtPP|NES ) crTY ) s.s. t, , solemnly swear that all matters set forth on these statements are true and correct to the best of my knowledge and belief. (Signature over Printed Name of Proprietor/Managing Partner/President/ Authorized Officer3/) Designation SUBSCRIBED AND SWORN to before me this day of 20 , in the City/ Municipality of by: Name Anv qovernment issued !D Expiry Date NOTARY PUBLIC Doc. No. Page No. Book No. Series of 20- 3/ Supported with notarized special power of attorney authorizing a person/entity to act in behalf of the proprietor/partnership/corporation. ln the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted. 1/ Shall be considered the official e-mail address registered with BSp 2/ Refers to natural person(s) who ultimately owns or controls the pawnshop as described under Section 77 item b of Circular No. 938 dated 23 December 2016

ANNEX B Full Transfer of Ownership Application for Transfer of Ownership Company Name: Date: Documents to be submitted (fastened in a folder) Remarks (Mga dokumentong dapat iposo no nakopaloob so folder) Full Transfer of Ownership For the Vendor/Transferor: 1. Letter informing BSP of the transfer of ownership. 2. Notarized statement by authorized signatory stating that: a. The pawnshop's books of accounts, records and documents shall be preserved for five (5) years from date of last entries before the transfer of ownership; b. All unused accountable forms such as official receipts and pawn tickets have been destroyed to prevent their unauthorized use; c. The transferor pawnshop operator shall be liable for all claims arising from transactions of the pawnshop prior to the effective date of transfer, unless the transferee pawnshop operator assumes such liability, in which case, such transferee pawnshop operator shall submit a notarized statement to that effect; and d. All outstanding pawns have been redeemed or sold at public auction, or otherwise disposed of in accordance with law; or the owners of outstanding pawns have been notified by registered mail on the transfer of ownership of the pawnshop. 3. Original BSP Authority to Operate issued to the transferor pawnshop operator (in case of change in company Name and/or Address) or an affidavit in case of loss. 4. Original BSP Certificate of Registration as FXD/MC and/or RA (if applicable). 5. BsP Registration Metal Plate of head office in case of change in company Name and/or Address. Moreover, metal plates of all offices shall also be surrendered should there be change in Company Name. 6. Payment of BSP assessment on the pawnshop, if any, such as for non-submission or delayed submission of required reports andlor annual supervisory fees. For the Vendee/Transferee lf the transferee shall continue the operation of the pawnshop: 7. Dufy notarized Form 2P [Dota Entry Template (DET) generated forml. 8. comply with the .requirements of Application for Authority to operate a Pawnshop Business'. 9. Submit a copy of the duly executed contract effecting the transfer of ownership. 10. Payment/Proof of payment of applicable fees. For Change/Transfer of Shares (Partnerships and Corporations only), the documentary requirements are listed in Annex 8.1 For Transfer of Ownership from a Deceased Person to Heir/s, the documentary requirements are listed in Annex B.2 INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (HINDI TATANGGAPIN ANG MGA DOKUMENTONC KULANG) I{OTE(S) (to be filled-up by BSP personnet only): I 2. Submitted by: ! Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date : I section ll'A of this Memorandum (Guidelines on the lssuance of License/Authority to operate a pawnshop)

ANNEX 8.1 Changefi ransfer of Shares (Partnerships a nd Corporations only) Application for Change/Transfer of Shares Company Name: Date: Documents to be submitted (fastened in a folder) Remarks (Mqa dokumentono dopat ipasa na nokapaloob sa folder) Change/Transfer of Shares (Partnerships and Corporations only) 1. Duly notarized Form 2P [Doto Entry Templote (DET) generoted form]. 2. Copy of the contract/agreement/arrangements shall be submitted if such transaction, in itself or in relation with other/previous transactions, will: a. Result in ownership or control of more than twenty percent (20%) interest in a pawnshop organized as a partnership or more than twenty percent (20%) of the voting shares of stock of a pawnshop organized as a corporation by any person whether natural or juridical, or which enable such person to elect, or be elected as, a director of such pawnshop; or b. Effect a change in the majority ownership or control of the interests in a pawnshop organized as a partnership or the voting shares of stock of the pawnshop organized as a corporation from one (1) group of persons to another group. 3. New partners and newly elected/appointed directors/officers shall submit: a. Duly notarized Personal data sheet (using BSP-prescribed form for pawnshops - Annex A-21with passport size picture; b. NBI Clearance; With volidity of ot leost 3 months from the date of opplication c. Duly notarized authorization form (Annex A-4) for querying the Bsp watchlist file; d. certified true copy/ies (by the Authorized signatory) of the certificate/s evidencing attendance, or a sworn undertaking to attend in a briefing on pawnshop regulations and a seminar on AMLA, as amended, in accordance with section 7 of BSp circular No. 938 of the following: Name Position Date(s) Attended (continue in o seporote sheet if necessory) 4, New individual stockholders owning ten percent (10%l or more of the voting stock and the new beneficial owners'shall submit duly notarized Personal data sheet (using BSP- prescribed form for pawnshops - Annex A-21with passport size picture. 5. Payment/Proof of payment of applicable fees. INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (HIND' TATANGGAPIN ANG MGA DOKUMENTONG KULANC) NOlElSl (to be filled-up by BSP personnel only): 1 2. 3. 4. Submitted by: ! Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date : ' Beneficial owner refers to natural person(s) who ultimately owns or controls the pawnshop. lt also includes those persons who exercise ultimate effective control over a legal person or arrangement.

ANNEX B.2 From a Deceased Person to Heir/s Application for Transfer of Ownership Company Name: Date: Documents to be submitted (fastened in a folder) Remarks (Moa dokumentono dapot ipasa na nakaoaloob sa folder) Transfer of Ownership (From a Deceased Person to Heir/s) L. Death Certificate. 2. Extrajudicial Settlement of Estate/Affidavit of Self-Adjudication. 3. Affidavit of Waiver and Release from Liabilitv'. 4. Original Certificate of Authority (COA) issued by BSP (in case of change in Company Name and/or Address) or an affidavit in case of loss. 5. Original Certificate of Registration (COR) as FXD/MC and/or RA issued by BSP (if applicable). 6. BSP Registration Metal Plate of head office in case of change in Company Name and/or Address. Moreover, metal plates of all offices shall also be surrendered should there be change in Companv Name. 7. Duly notarized Form 2P [Doto Entry Template (DET) generated form]. 8. Comply with the requirements of Application for Authority to Operate a Pawnshop Business'. 9. Payment/Proof of payment of applicable fees. INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (HINDI TATANGGAPIN ANG MGA DOKUMENTONG KULANC) NOTE(S) (to be filled-up by BSP personnel only): 2. 3. 4. 5. Submitted by: ! Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date : I Affidavit of waiver and release of BSP and its officers/employees from any court action/liability or claims of whatever nature of a third person that may arise from the application of transfer of ownership ' Section ll.A of this Memorandum (Guidelines on the lssuance of License/Authority to Operate a Pawnshop)

Submission Deadline: Form 3P 10 working days before (DET generated form) effecting name change Page 1 of 1 APPTICATION FOR CHANGE OF BUSINESS NAME (To be completery filled up. Indicate "NA" if an item is not applicable) Ihru: The Office of the Director Date: Integrated Supervision Department I Pursuant to Presidential Decree No. 114 and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI)- Pawnshop (P) Regulations, as amended, I hereby apply for Change of Business Name: 1. FUrr COMPANY NAME (OrD) | 2. PS REG. NO. I 3. FUTTCOMPANY NAME (NEWI 4. COMPANY NAME (NEW} - REGISTERED BUSINESSIRADE '' rumnr7s 1ruew; 6. BUSINESS LOCATION I within a Bldg,, specify stoil, room, lloor Street No. & Nome numDel I Borangoy City/Municipolity Province 7. BUSINESS PERMIT/ NATURE or Business Pemit No. I Dote tssued Volid Until Kind of Eusiness TYDF RIIqINFSS 'IF ln support of this applicotion, l/we submit the documentorv requirements listed in Annex C. REPUBLIC OF THE PHILIPPINES ) crrY )s.5. solemnly swear that all matters set forth on these statements are true and correct to the best of my knowledge and belief. Very truly yours, President/Authorized Officerl/) Designation SUBSCRIBED AND SWORN to before me this day of 20 , in the City/ Municipality o1 , by: Name Any government issued lD Expirv Date NOTARY PUBLIC Doc. No. Page No. Book No. Series of 20- 1/ Supported with notarized special power of attorney authorizing a person/entity to act in behalf of the proprietor/partnership/corporation. In the case of a corporate applicant, a certified true copy of the board resolution authorizing the person or entity shall likewise be submitted.

ANNEX C Application for Change of Business Name Company Name: Date: Documents to be submitted (fastened in a folder| Remarks (Mgo dokumentong dopat ipasa no nokapaloob sa folder) l. Dufy notarized Form 3p [Data Entry Template (DET) qeneroted forml. 2. Certificate of Registration from DTI or SEC, as the case maybe, indicating the new business/registered name. 3. Certified true copy (by the Head of Business Permit and Licensing Office or equivalent position, with printed Name and Designation) of the city/municipal license/business license/mayor's permit for the current period. 4. Original Certificate of Authority (COA) issued by BSP under the old name or an affidavit in case of loss. 5. Original Certificate of Registration (COR) as FXD/MC and/or RA issued by BSp under the old name (if applicable). 6. BSP Registration Metal Plate of all offices under the old name. 7. Payment/Proof of payment of applicable fees. INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (HINDI TATANGGAPIN ANG MGA DOKUMENTONG KULANG) NOTE(S) (to be filled-up by BSP personnel only): 1. 2. 3. 4. 5. Submitted by: ! Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date :

Submission Deadline: Form 4P 30 Calendar days prior (DET generated form) to the intended closure Page 1 of 1 SURRENDER OF PAWNSHOP OPERATOR TICENSE (To be completely filled up. Indicate "NA" if an item is not applicable) Thru: The Office ofthe Director Date: Integrated Supervision Department I Purso.nt to tresld€nfl D€@ L.i.enr. with detailr as follos: Control s FullCompany Name Corollary Activity Registration Intended Date Complete Business Address PS Registration Number No. al flacrrra In support hereof, l/we submit the documentary requirements listed in Annex D. I hereby certify under the penalties of perjury that the requirements prescribed under Section 15 of pD 114 have been complied with. Partner/President /Authorized Officerv) O€siBnation -5u'p*d*i$iei[df.c.|[email protected]'rP.Rdv.itllvbd|ih.|l.|'.'d['4n&/p|d.6|llF/orn'h$..d.

ANNEX D Surrender of Pawnshop Operator License Company Name: Date: Documents to be submitted (fastened in a folder) Remarks (Mgo dokumentong dopat ipaso na nokapoloob so folder) 1. Duly certified Form 4P [Dota Entry Template (DET) qenerated forml. 2. Notarized statement stating that: a. The pawnshop's books of accounts, reports, records and documents shall be preserved for at least five (5) years from date of last entry; b. All unused accountable forms have been destroyed to prevent their unauthorized use; c. Pawnshop operator shall be held liable for present or future claims arising from its pawnbrokering transactions; and d. All outstanding pawns have been redeemed/sold at public auction, or otherwise disposed of, in accordance with law. 3. Original BSP Authority to Operate issued to the pawnshop operator or an affidavit in case of loss. 4. Original BSP Certificate of Registration as FXD/MC and/or RA (if applicable). 5. The metal plate/s issued by BSP to the pawnshop. 6. Remittance of penalties or BSP assessments on the pawnshop, if any, such as for non-submission/delayed submission of required reports. INCOMPTETE DOCUMENTS WItt NOT BE ACCEPTED (HIND' TATANGGAPIN ANG MGA DOKIJMENTONG KULANG) NOTE(S) (to be filled-up by BSP personnel only): 1 2. 3. 4. 5. Submitted by: ! Received by: ! Returned by: (Signature over printed name) (Signature over printed name) Date : Date :