UNDERTAKING

I, [name of designated Company Filer/User], of legal age, Filipino, with office address at ______and employed with [name of corporation], herein referred to as COMPANY, as [position], in [department/division], hereby acknowledge the following:

  1. I am the duly appointed/designated Company Filer/User of [name of corporation] as approved by the Board of Directors of [name of corporation] in a meeting held on [date of meeting] as evidenced by a Secretary’s Certificate dated ______.
  1. The Company authorizes the persons stated in the User Designation Form which is attached hereto as “Annex A” as evidenced by a Secretary’s Certificate dated ______. In the event that there is any change in the two (2) authorized personnel in the User Designation Form, the COMPANY shall notify the SEC within five (5) days from such change.
  1. The COMPANY hereby freely and voluntarily agrees to use the Capital Market Participants Registration System (CMPRS), a computerized internet-based real time facility that allow on-line submission and/or uploading of applications, evaluation and processing of applications, issuance of registration/licenses, payment of annual fees and monitoring of capital market participants, both institutions and professionals.
  1. The COMPANY hereby agrees to follow faithfully the rules and regulations adopted by the SEC regarding the implementation of the CMPRS, as embodied in the Terms and Conditions applicable to the type of application or transaction being applied for by the Capital Market Participant (CMP).
  1. The COMPANY hereby undertakes that it shall be responsible for the scanning and uploading of its application forms, attachments and supporting documents using the CMPRS.
  1. The COMPANY hereby undertakes that it shall be responsible and accountable for all its filings, thereby warranting that the application forms, attachments and supporting documents are accurate, correct, true and official representations of the hard copies thereof.
  1. The COMPANY hereby undertakes to assume full responsibility and accountability for each and every use of its user IDs and passwords, as well as for each and every access to its assigned account.
  1. The COMPANY hereby undertakes that it shall not deny or repudiate its online submission and/or uploading of its application forms, attachments and supporting documents using the CMPRS considering its full control over the use of assigned accounts, IDs and passwords.
  1. The COMPANY shall be responsible and accountable for any error, discrepancy or irregularity in the submitted documents through the CMPRS. Any controversy or dispute arising from the online submission and/or uploading of these documents shall be resolved solely by the SEC.
  1. The COMPANY hereby undertakes that it shall submit hard copies of the application forms, attachments and supporting documents upon notification by the SEC.
  1. The COMPANY hereby undertakes to inform the SEC of any change in the company filers/users within five (5) days from occurrence of the change.

IN WITNESS WHEREOF, I have hereunto set my hands this ______day of ______, 2017.

Name of Designated Company Filer/User (In a box)

Signature of Designated Company Filer/User (In a Box)

SUBSCRIBED AND SWORN to before me this ______day of ______, 2017, affiant exhibiting to me his/her Tax Identification Number (TIN) ______.

NOTARY PUBLIC

DOC. NO. ______;

PAGE NO. ______;

BOOK NO. ______;

SERIES OF ______.