MINUTES OF THE SPECIAL MEETING OF THE STOCKHOLDERS

OF
GANCAYCO EQUITY HOLDINGS, INC.
Held at the principal office of the corporation at
7th Floor, 1000 A. Mabini corner T. M. Kalaw Streets
Ermita, Manila
May 2018 at a.m./p.m.

PRESENT:

Stockholders No. of Shares

Altus Strama Holdings, Inc.
(represented by Gianpaolo Emilio
B. Gancayco) 1,250,000
Bianca Micaela B. Gancayco 1,249,996
Pablo M. Gancayco 1
Ma. Dorothea B. Gancayco 1
Gianpaolo Emilio B. Gancayco 1
Jayveline A. Lee 1

Total number of shares present/ 2,500,000

represented at the meeting ======

1. The stockholders requested Pablo M. Gancayco and Gianpaolo

Emilio B. Gancayco to act as Chairman and Secretary, respectively, of the
meeting.

2. The Secretary stated that a call and waiver of this special

stockholders' meeting had been signed by all stockholders present. He certified
that a quorum was present for the transaction of business, there being present or
represented at the meeting stockholders owning 2,500,000 shares or 100% of
the issued shares of the Corporation.

3. The Chairman announced that the meeting had been called for the
purpose of electing the directors and acting on any other matter that the
stockholders might deem proper.

4. The following names of stockholders, upon nominations duly made

and seconded, were thereupon unanimously elected to hold office as directors of
the Corporation for the current year and until their successors shall have been
duly elected and qualified:

Ma. Dorothea B. Gancayco

Pablo M. Gancayco
Gianpaolo Emilio B. Gancayco
Bianca Micaela B. Gancayco
Jayveline Abad Lee
 2

There being no further business to transact or matters to take up, the

meeting was thereupon adjourned.

ATTEST:

GIANPAOLO EMILIO B. GANCAYCO

Chairman of the Meeting

PABLO M. GANCAYCO
Secretary of the Meeting