Courtney Allison P.

Tirol
Legal Forms

Republic of the Philippines )

City of Makati ) s.s.

SECRETARY’S CERTIFICATE

I, David B. Borromeo, of legal age, Filipino, single, and a resident of 216 Metropole
Building, Senator Gil Puyat Avenue Corner Tordesillas Street, Salcedo Village, Makati
City, after being duly sworn in accordance with law, depose and state that:

1. I am the duly elected and qualified Corporate Secretary of ZEN MOTORS, INC., a
corporation duly organized and existing under the laws of the Philippines, with
office address at LKG Tower, 6801 Ayala Avenue, Makati, Metro Manila;

2. At a meeting held on September 15, 2018, the Board of Directors and stockholders
of the Corporation have approved the increase of its authorized capital stock to
Seven Million Pesos (P7,000,000.00), divided into Five Million (5,000,000) shares,
of which Three Million (3,000,000) shares have a par value of One Peso (P1.00)
each, and of which Two Million (2,000,000) shares are without par value.

3. In connection with said increase of capital, I hereby certify that all non-subscribing
stockholder(s) have waived their pre-emptive rights to subscribe.

IN WITNESS WHEREOF, I have hereunto affixed my signature this 16th day of

September, 2018 at LKG Tower, 6801 Ayala Avenue, Makati, Metro Manila.

David B. Borromeo
Corporate Secretary

Attested by:

Sam Q. Fernandez
President of Zen Motors, Inc.
 SUBSCRIBED AND SWORN TO before me this 16th day of September, 2018 in
Makati City, affiant exhibited to me his CTC No. 14567-67890 issued on the 10th day of
January, 2009 in Makati City.

Hillary R. Rodriguez
Notary Public
My Commission Expires Dec. 31, 2018
IBP No. 162745, 1/19/2017, Pasig City
PTR No. 728345, 1/5/2017, Pasig City

Doc. No. 1234

Page No. 5678
Book No. 1011
Series of 2018.