OCTOCARRY Articles of Incorporation
OCTOCARRY Articles of Incorporation
OCTOCARRY Articles of Incorporation
OF
OCTOCARRY, INC.
Know All Men By These Presents:
The undersigned incorporators, all of legal age and majority of whom are residents of the Philippines, have this day voluntarily agreed to
form a non-stock and non-profit corporation under the laws of the Republic of the Philippines
THAT WE HEREBY CERTIFY:
FIRST: The name of the corporation shall be:
OCTOCARRY , INC.
SECOND: That the purpose/s for which such corporation is incorporated is/are:
a. To improve supply chain efficiency by ensuring timely order processing, efficient transportation management, and accurate
inventory control, businesses can effectively meet customer requirements;
b. To implement a logistical system to aim for cost reduction that maximizes customer service and considers all aspects of
performance;
c. To establish partnerships with other logistics companies in order to expand into new markets and make a greater range of
connections;
d. To accept donations or grants in accordance with existing laws and regulations;
e. To invest its funds in sound, nonspeculative enterprises and instruments, subject to rules and regulations of the relevant
government regulatory agency;
f. That the corporation shall have all the express powers of the corporation as provided for under Section 36 of the Corporation
Code of the Philippines.
The corporation shall not solicit, accept or take investments/placements from the public neither shall it issue investment contracts,
subject to the provisions of Republic Act No. 8799, otherwise known as the Securities Regulation Code and its Implementing Rules and
Regulations, as amended.
FOURTH: That the term for which said corporation is to exist is fifty (50) years from and after the date of issuance of the certificate of
incorporation.
FIFTH: That the names, nationalities, residences, and amount contributed of the incorporators are as follows:
Name Nationality Residence Amount
Contributed
SIXTH: That the number of directors of the corporation is six (6) who are also the incorporators. The Trustees shall not receive any
compensation or remuneration, except only reasonable per diem.
SEVENTH: That the authorized capital stock of the corporation is ONE HUNDRED MILLION (100,000,000) in lawful money of the
Philippines, divided into ONE HUNDRED THOUSAND (100,000) shares, with a par value of pesos: ONE THOUSAND
(Php 1,000.00) per share.
EIGHTH: That the subscribers to the capital stock and the amount paid into their subscriptions are as follows:
Name Nationality No. of Shares Amount Amount Paid
Subscribed
NINTH: That Shane B. Garcia has been elected by the members as Treasurer of the corporation to act as such until his/her successor
is duly elected and qualified in accordance with the by-laws, and that as such Treasurer, he/she has been authorized to
receive for and in the name and for the benefit of the corporation, all contributions or donations paid or given by the
members.
TENTH: That no part of its income is distributable as dividends to its members, Trustees or officers. Provided, that any profit obtained
by the corporation as an incident to its operation shall, whenever necessary or proper, be used for the furtherance of the
purposes enumerated in Article II, subject to the provision of Title XI of the Corporation Code of the Philippines.
ELEVENTH: The level of administrative expenses shall not exceed thirty (30%) of the total expenses for the taxable year.
TWELFTH: That upon dissolution, the net assets shall be distributed to another NGO organized for similar purposes, or the State for
public purpose/s, or as may be determined by a competent court of justice.
THIRTEENTH: That no part of the property or income shall inure to the benefit of any member, officer, organizer or any individual
person.
FOURTEENTH: That the incorporators and Trustees undertake to change the name of the corporation as herein provided, or as
amended thereafter, immediately upon receipt of notice or directive from the Securities and Exchange Commission that
another corporation, partnership or person has acquired a prior right to the use of that name or that the name has been
declared as misleading, deceptive, confusingly similar to a registered name or contrary to public morals, good custom or
public policy.
IN WITNESS WHEREOF, we have hereunto signed these Articles of Incorporation, this 29th day of October, 2024, in the City
of Batangas, Republic of the Philippines.
Witnesses:
BRENDA B. CASTILLO
CHRISTINE MAE C. DE LARA
GLEN JONAS B. DE LOS TRINOS
SHANE B. GARCIA
RHEA ALYZZA R. PATAL
JUSTINE KHEY A. PEREZ
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES
CITY OF BATANGAS S.S.
BEFORE ME, a Notary Public in and for and in the City of Batangas Philippines, this ________________ personally appeared:
Name Government I.D. Nos. (TIN Nos.) Expires on / Place of Issue
known to me and to me known to be the same persons who executed the foregoing Articles of Incorporation constituting of
______________________ (_____) pages, including this page where the acknowledgement is written, and they acknowledged to me that
the same is their free act and voluntary deed.
WITNESS MY HAND AND SEAL on the day first above-written.
NOTARY PUBLIC
Doc No. _____;
Page No. _____;
Book No. _____;
Series of 2024.