Charter

ARTICLES OF INCORPORATION

OF

Drift Woods & Co.

ARTICLE I

NAME/REGISTERED OFFICE

The name of this corporation shall be Drift Woods & Co. , located at S. Mulingbayan St, Brgy. 6, Nasugbu, Batangas, 4231.

ARTICLE II

PURPOSE

This corporation is organized exclusively for social charitable purposes, more specifically to promotion of unity, justice and equality. To this end, the corporation shall at all times be operated exclusively for charitable purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as now enacted or hereafter amended, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code of 1986, as now enacted or hereafter amended. All funds, whether income or principal, and whether acquired by gift or contribution or otherwise, shall be devoted to said purposes.

ARTICLE III

EXEMPTION REQUIREMENTS

At all times shall the following operate as conditions restricting the operations and activities of the corporation:

1. The corporation shall not afford pecuniary gain, incidentally or otherwise to its members. No part of the net earnings of this corporation shall inure to the benefit of any member of the corporation, except that reasonable compensation may be paid for services rendered to or for the corporation affecting one or more of its purposes. Such net earnings, if any, of this corporation shall be used to carry out the nonprofit corporate purposes set forth in Article II above.

2. No substantial part of the activities of the corporation shall constitute the carrying on of propaganda or otherwise attempting to influence legislation, or any initiative or referendum before the public, and the corporation shall not participate in, or intervene in (including by publication or distribution of statements), any political campaign on behalf of, or in opposition to, any candidate for public office.

3. Notwithstanding any other provision of these articles, the corporation shall not carry on any other activities not permitted to be carried on by a corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1986, as now enacted or hereafter amended.

ARTICLE IV

DURATION

The duration of the corporate existence shall be perpetual.

ARTICLE V

MEMBERSHIP/BOARD OF DIRECTORS

The corporation shall have one or more classes of members, as provided in the corporation’s bylaws. The management of the affairs of the corporation shall be vested in a Board of Directors, as defined in the corporation’s bylaws. No Director shall have any right, title, or interest in or to any property of the corporation.

The number of Directors constituting the first Board of Directors is 8, their names and addresses being as follows:

Name Address

Kemuel G. Tacoloy Brgy. Talangan Nasugbu, Batangas

Kim Simon V. Sobrevilla Brgy. Talangan Nasugbu, Batangas

Michael Vincent T. Villafania Brgy. 6 Nasugbu, Batangas

Harold V. Recio Brgy. 6 Nasugbu, Batangas

Alvin P. Atienza Brgy. Reparo, Nasugbu, Batangas

Maria Cristina R. Bascon Woodstock Homes, Nasugbu, Batangas

Sarrah Ilao Brgy. 6 Nasugbu, Batangas

Arra Marie D. Rojales Roxaco Landing, Nasugbu, Batangas

Members of the first Board of Directors shall serve until the first annual meeting, at which their successors are duly elected and qualified, or removed as provided in the bylaws.

ARTICLE VI

PERSONAL LIABILITY

No (member) officer, or Director of this corporation shall be personally liable for the debts or obligations of this corporation of any nature whatsoever, nor shall any of the property of the (members) officer, or Directors be subject to the payment of the debts or obligations of this corporation.

ARTICLE VII

DISSOLUTION

At the time of dissolution of the corporation, the Board of Directors shall, after paying or making provisions for the payment of all debts, obligations, liabilities, costs and expenses of the corporation, dispose of all of the assets of the corporation. In non case shall a disposition be made which would not qualify as a charitable contribution under Section 170(c)(1) or (2) of the Internal Revenue Code of 1986, as now enacted or hereafter amended, in such manner as the Board of Directors shall determine.

ARTICLE VIII

INCORPORATOR(S)

The incorporator(s) of this corporation is/are:

Ivan Atie

Jermaine Sanvictorres

Roman Rodriguez

Michael Vincent Villafania

Kim Simon Sobrevilla

Harold Recio

Drexel Xerxes Bautista

Jezreel Role

Alvin Atienza

Gibson Guernaldo

Angelo Ditan

Kemuel Tacoloy

Lhino Consigo

Reginald Vergara

Nelson Castro

Lharry Boy Bautista

Fatima Pastor

Amethyst Dana Capuli

Crisyl Policarpio

Ivy Cubilla

Heiress Apolonio

Princess De Guzman

Arra Marie Rojales

Elizabeth Canteras

Maria Cristina Bascon

Rechelle Bentir

Eloise Torrecampo

Annabelle Bascugin

Sarrah Ilao

Carmina de las Alas

Kathleen Aguilan

Louisse Joy Gomez

Carla Glen Rozul

Maria Victoria Bascon

Ilonah Jean Escuton

Vea Marie Vargas

Ma. Myr Dianne Bagon

Aevhon Lagrisola

Jennalyn Manalo

N.J. Deguzman
Denis Ilagan

Ligiene Mercadal

Joana Singamohon

Kyrine Limon

Zander Ocampo

Conrado De Lunas