,,1

CEO ENTERTAINMENT TELEV[S.ION (pVT.) LIMITED

I'hl! name 01 IIw Company i-, "CPO EN'rERTAINMENT TEI.f-VISION(l'VT.) LIMITED"

II. The gegi"b.:rl'd Offic,' lIt tht· C,tnl'.1!1V will be situated in thl' Province "i'-iindh,

[II j Ill' nbj('t-ls lor whit'h IIw C"1111'.1I'." j.; l'Stnbli.,ht.>d .ire .II! or ,)11\' III the ~'0i(.v.,.(,Inllowllvo" , .JJ ~Ii', -t- 'A "Ie,:~,,·,~

l!""(\'~"'l Iv ~ v

'1\1cst"bli"h, "l'lup. run, operate, milnagl' ~lI\d t:.lfry out Ih)hU'iilll'"''III television broadcasting, rv. Channels and/or f.hiio/FM radio,relay t ransnussion. re-bro.nlcasting, rnedia J.1~;n,v.~lrk.c!n,,<'. i nriU il1,'I('vl<;ion, .111',',1 "il/t·llitt,> br l}\'fl~ .', television

. , "/. \\ ,,, 'r •~h()ws/pnh~r.111l'i, \'1.1('(1 producti .'";\'If dIll !it'\ltlp.. television

, .•.•..~ ~ ., <:stations in various \~ili,'s (/~"'3 .~u,l?/!k!S'fu~t ·"P't~~·ct to;lPPWV(1 1/pcrmi ..•~hm/lin'nst' i: (~!{.'~~' ~l\l;\~l ~~~;~nuncutMllhnriti.,s (if required under till.' \~. {~, ";":':'.>:..~:~'~ :,?';

to 'i -?l:v.·.. ,"I. v,0. i .-it "." ".;.'F. ~ ....,'

To create, Jevduf' and produce ~i ••~(·;i;,ft},I~'t~(,;'I"I"visil)nrommorcia!« and print MIH'l'lisin" 't'.!C n(\ll(lT~ft1~'{»ll~til1~1ti(lnaJcompanies. 1'0 Implement mer('hnm~' ~ itlb1ivni i&'t~~,*,"t()<llquil'l'

create, develop and ,'xploJt concepts, (or' "l,II",!' Iill'fns \If

intellectual prop<'rtil's rrliltl'd to the .ictlvitics th:s~'ribcd .rbove inPakistan and other countries of the World,

1.

1. To cnrr)' on Ilw business of Time flClnkings, Consultancy Oil

HI('dn)ni~' Ilwtii •• by IV,ly of buying and s~lIing tilllt,> on contractbasis or otherwise with TV, Radio and allied media, and Iorl'stablishillg 11('('l'SSMY intra ..•tructure to produce prnKrilll1 andmaterials tor the ••hove mentioned media, feasibility studies,marketing con. umer products. business of professional ndv j ..•ors,agc-nts and COIbUlti'll1t fur "II king of companies, firrn«, loc.)1 huclies.government and other individual of nssociation of personsparticularly on advertlscrnent, publicity, c chibition andcommunications.

·1 '10 act .)5 an executive producer, co-producer and consultant and toprovide and scel ... technlcal assist.mcc for all or any of the acnvitiesdescribed above', in Pakistan and in lither counrries or the world.

5 Generally to r.irry PI) in :111)' place or places in tlw \\'"rld tlu-buslnes» of time hooking' (Inti consultancy Of electronic l11e,li(l, andany other trade of business whether manufacturing s\lb~idiilrr orauxiliary to ('r which ran hI' "t\t1venicntly carried OI~ in conmx-tionwith anv of tilt:' company's objects and to establish and m ••intainoffices or .'~l'nciL"$ in .my part (,f the world for the coudurr of thebusiness or thl' c')l11pany 1)1" Ior the sale of materia! or thin;!,.'>fnr thetime being (It Ihc disposnl of the company tor sale of gllnd~ rel.1tt'dby or dealt in by the cump,my in ilny Wil}' that may b,' thour-hladvisnblo indlldin!4 the publicity by meaus of pllSilllg ••I bills inrelation thereat and the issue, of circular. books, pamphlets andprice li.sts .1I1d producing and ~xhihitinr; cinema films and .1rran~t!I'Wihkilsts and td''Cll~ts,

6. r(l curry on the business ot the- servlces <IS adv('rtisillg .1}~(·lltinPakistan alld in otlu-r cnuntries of the-world. On its ( wn ,10; \\'.:11 ;ISin collaboration with muhlnaricnal advertising il~enci('s throllghthclr technical know-how, h,,:hnic.1l assistance ami collaborationand 10 .ict .IS il~l'llt for the ruanutorrurors, proctucors, "II l'pli.:r ' andmnrketc-rs .m.! rcn.k-rors (,f all kinds of !;O~'\.ts,properties. matvrlals,lnd services ill I'akistan tll' well il!'> abroad,

~J.

cT'J act :1S news agents. press ;l~lmts, newspaper cutting ng('IlN,promoters, ol'r,ilnizcts and .'gents (If advert isinj; .lIul publicityschemes, programmes and methods and t!v.:ry kind ot publicityand promotional activity whatsoever, including as nl'\'\''''pi1p~'rreporters, printers, photogra phers, lithographers. sh'n'oty 1"1.'1">,

.'Ice\ 1'01),pl1J's, pholt..1gr.if hie printers, stationer». •.k'ii~~llI'rs.dr;\ughrsm<lI1, book selh'rs, publisher, IYr(>folll1dt'r~ "11.1 otherkinds 01 businesses, 'lron':>":cs and services essential ;;nd inl'i.knt,,!-,.to the bliSilW:b ,,(.,."'·.J~I~'"tisln~~lll('nC"vr.'.\n!t:ti'~~'I:"'.

/ ':\.\\J'\ lJ, -. '..

To ammge f:~~&~I:'-.~~)r,··~b·n.lotl' and mlminislr<1tr publicitynnd prom !j;.~I.)1~J~'~j;'"hrr~~ "lid programs ot all kinds,c;,~{~:.:t~,.,,-,-~~ r,;To carry. {a,ll!"~' . -liIJ1'll1iil! and running oj thl: wlllr'uh~rtl!chr\(llt'~;i '~dl· I . h~lf(',"(~o/;>"y known _'5 Audio Tnx.v ).~}J;'/. ~.* . >I' ,~~ ITo hold, w'b ~t:,splm<; ~~/ ';( conduct training courses .1J1d

programmes (I) ~s ,modE'ls, technicians, producers,photographers, t·ditors and directors of advertising programmes of,\11 kinds and to promote tlw cause and interest of till.' artists.models and rechnicians "ng,ll',cd in the advertising field ,lI1d tot'stablish,aumil1ist(,\, and operate funds and benevolent schemesand pmgt(\Il111WS for the uplift, benefit and recongnition oi theirservices,

s.

9.

10.

11, '1'" produce. manage, show and acquire dramas and programmesfor television relating to entertainment, drama, tulefilms arts,sociat/cultural. current arfairs, sports, historv, economic,t(lchnolog'ical.('nvirnnmental, llogal. rnarketlng, management issues,

<IS w~'11 :)S those ill Ilw ontertainment ~1!~ml!l1tlIlchlding, but 11()1

limited to, tilt' elm-marie productions.

11 To acquire lkl'n;;e, approval, authorizatlon, pl·t'f1lb~hlth,etc. lorrunning its husincs-, from lilt' authorities concerneu in\llldin~butnot limited t\\ Pakistan Electronic &; M,.·di" T{t:f,IJl;1!Orl" Authoritv(PEMRA),

n. T(I borrow or r.lfs" mCllwy by means of local and fn;.:igll CUITl'l1CYIonns from <;,h(>dul~d banks, industrial banks and financialinstitutions induding llHFC and other specialized jnstitlltjl\n~ ornun-bank linnncc companies for the purposl! of purchase.manufacture, market, lil1pply.cxport and 'import of machinury,development of real estates, construction ,l('ti\'ities andimprovements, repair and renovations of buildings, w.rrc-hnuses,factories, sheds, OrrIn's, h(,lSpiiais, ports, parks. clubs, enn-rtainmentand recreation area. industrial zones, bridges. flyovt'r" and sub-\V,1)'5, roads. highways and mote rways. high l'is~' !'c'sid,'ntial andcommercial complexes, residential rowns, bllildin~~ and £"1' thepllrpo~t.· of working capital or for <lny other .purpose.

H Tu ;1I'r.H1r:t' Jl10IH'Y by issue lli debentures, dl.'bvnlll n.· shl(:J..,perpetual or othe-rwise- conve-rtible into "hares and to m\lrlgf1~l!, orcharge 1Ill' whole or anv part of the property or nS"l't!; 01 till'Company, presenl or future, hy special assignment 0:' (n tr.m<;{{'T orconvey the same absolutely l,lr in trust ;IS mny SI'I'IlI (·xl',·diwlt nru lto, purrhas«, 1','dv{'111 or p.'l'{ufi .my such securities,

1;5, To purchasu/Import raw materials, rnachinery. equipments nndallied items required in connection thereto in .lm manner tlu-L'()ll\pilny m.iv II' .,', .

/,~, \~\\ \;\ Let: * I!f<' ", "-, .~: /J.

16. 1'0 purcha ,~,~'<' ..!.u\..,h}.\-,;{' (~3.1~, exchange, hire, apply tor (II'

otherwise r~'l~;1 vlUlfJJf ~'i'lv\intt'l~st, <111\, righh, Ilrivih"'l!s,~'tr' "1' ,.,;t', """",. • 0

lands, bl' ~t\f,~ \~l.t~~~!trat\~~llarkslpatents, patent rights,copyrlgh ~icc 'f''''Jrd:pJllnts, stock-iu-tradr- nnd i1nymovable l~ i. hJ.\'P,;--\rty of .my kind flel'cs:mry Of

convenient ~r ~~~~<Qf or in connection with theIt ~·P~~(\~/'.

Com pan "s ~te8~ .' I' any _f.J>~th or department rhe)','o( and hlUS\!, exercise. l ~!t'jloU' "enses in respect of or otherwise turnto account any pro ,', rights and information so ;Jc'pJiro.:!d.subject to nnv permission required under rho law

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17. To I)IX'" accounts with any Bank or Banks find to draw, make.accept, endorse, execute, issue, negotiate and discount cheques,promissory notes, bills of exchange, bills of bdlng, warrants,deposit not 'S, debentures, letter of credit and other negotiablein, rrurnents and securities.

I~, 1'(1 own, "st"blish ~11h.iv,: dml maintain :-:;hl)I'';, branrhc-, '''hiagpncil'S ill! 11\,('1' P,lkist,)11 or elsewhere (If the p:ndlJfh of tlu-corn pa 1\)"

To acquire by concession, ~rant, purchase. barter, lice-nce •.-itherabsolutely or c<ll1tiitil)nally and either solely or ;\'II1!ly with \Jlbel'sany lands, build ing~, machincrv, plants, equiprnents, privileges,right~, lk(~nc,'. ••, Ir,lll"flhlrk". patents, and other muv,1 hlL· andimmovable pmp\~rt~' of ,1[W description which the Company maydeem llecessnry or which m'l}' seem to the Company r.lpablt, oflving turned t. ,)CUII,IIlt. subject to any permisxion ,1<; 1'l''1uirl·dunder the law,

20, To invest surplus UlUI\l'Y of the Company in shucs, --wcks orsecurif ics Ill' ,IllY company, debentures, debenture stock-, or ill ;myinvestments . shnr! rerm and Tong te-rm participation, term financecertificates I)}' .mv other gO\'(,l11m('ot securities ill surh manne-r ,,~:may from tinu- ill time be decided by the director ••, withoutil\dulgiJ\~ nun banking rinanri businc-e ••• hankillg buslm''''; ('I' aninvestment C0I11Pilll\' or i1IlY other any lawful business

21. I 0 AUMalltc~ the IWl't('rmann' or contracts, agrt>t:menIS, nbligillionsor dbchMI~t· (It ,1n)' debt of the compnny or nn b<'ll;clt (It .IIlY lithercompany or person subject to the provisions (If section 11.)5ot tIll'Cllmpanit·s Ordinance, 198-! in relation to till' pi1vnwnt of anyfinancial facility Including but not limited to loans. advann's, Ipth',''';of rn'I'\iI or othor ohligations through creation ul <Illy or ••II tyP"'S ()(mortgages, dlolrgl'<;, plpdges, hypothecations, on ex -rution of theusual klllkillg documents or instruments or ntherwis«oncumbi .•,nt't' on ,llIY (.II' all oj' the movable and immovabk-properties ()t lIlt' companv. either pr•.•sr~C,fuh.ll'l' or both andissuance llf ,)ny other 1'<('('lIriliesor su . es~iI~If5;'t1Ie"\nin favour ofbanks, Nl11l-nill1king FiI1l\IlCl' CO" ,~j\ (NHFCs~t-.(.)J' ;t\lY financial. '. J r:::. ....x -"~.,, ,r J' 7. '.msntunons un to orrow mon ,-t-'I·U':!Jrpo:.~.4 11C'('.l·umpnllY (111

such terms and conditions .1<; m ~$t...Yl:' ~J1~~.iPt'~'\c: ~";;~'f~ .'~~ " ;To purchase, hold and ~pt I"C :~nc'. ri'S,/~~ltb (II any

compilny, financial institution 01%' a. i1'l.CJ!1~'~ituti\)ns.z> ~":.'~I 'i'I,'

II ~~ 1,-'To enter into flITani!c!nt'nto:; with ~"ST.r!.lV(~rr\I.l~.;6r authuritv

.. VIlli (ft."'~"":"· .(supreme, municipal, local or othe' 1'iy corporation,company. or pcrscns that may S(,CIll conducive' to the CI'lllpany'sobjects or ,my Ill' them and 10 obtain [rom any such ~(lv~rn11li'nt.

authority. corporation, company or person any chap rs, contracts,rights, privilcgl'" .'Ild commission which the Company may thinkdesirable and to Mfy on exercise and comply with .iny suchcharters, contracts, decrees. rights, privileges and conces-nons.

22,

21,

2-1. To act as rcprl':'i'JHatives, Ior a!l~' person, firm or C'lImrlt1I1Y and toundertake and p\~rform sub-contracts. and also ,1d in the businesslit 111<' Companv through or bv means of ,)gents, sub-n'"tr;'lcitll's

and 1(' do .111,\I ;11V "f till' thing,; rnenti )IWti herein in ail)' part orthe world .ind dthL'r alone or in (011, boration with other ....ind by orthrough agents, sub-contractors or otherwise,

~5. To si-ll, tr,lI1, Ii-r, mnrtg'li~l'.pledge. exchange or otherwrso disp<)seof the' whole or any pMI of tile property or the undertakinj; <If theCIH11P<lllY,either l0gl'ther (II' in portions for such considerationasthe Company may think lit and in particular, for shares, debenture-stock or securities of any Company pUT("hasing th,' sam« or to anyother I·gal entity (If I','r,;(>n, by other means. pcnnis,ibl,' under thelaw,

2n. To conduct, encour.lg", promote. support, JI'r.mg(· and organizes minar .••, symposiums, exhibitions, j,lirs, conferences, lectures,demonstrations and other similnr activities for promotion of salesor other business interests- of any person, cornpani.-s, tirm1>.individuals, associations, local or g\)verntncnt bodio<, foreigngovernments .• 1J1d international a~('ncics, in Pakisra: ,111.1 ilny partof world few and oll'beh,,1ft'£:ct~hmwrs and for that purpose 10

cnrry our market surveys, researches. tr~injl1g program.; .111<1 otht,ractivities.

'17 To «1fr)' uut joint venture .tgret>Ill··nL'O with nth •..r cnmp,)f1k'1> orcountries within the scope of the object of tho '()mp;m~,

1S, I'll m.ike known .111t! !~i\'('publlcitv to the UUf'itw!>, ,,"l! products 01

the (l)mpill\~' by moan« the nll11p<my may think fit.:..'1), To pay all n)'il' •.., charges and t:XPl'HSC'S, if ony, incidl'nt.ll In th.:

promotion, Iorruation, l'(~gi<;iT'ltinll ill)J establishrnvn! of thecompany,

:;0,

"1. To L'S ta bl is 11, P rom.subscribe II) or h

32, To give em}' servant or employee of the Company commission ontho sale ,j tho produce and for th;1t purpose to e-nter into .In),agreement or scheme ,i. rrangemcnt a the Companv rnav d('l'rn (itarid to gel any servant or employee (If the C mpany insuredagainst risk of accident in the course of their ernployrn -nt.

T\ T() ,'st,lbli"ih ,md support or :lid in the l'st,lblishrncnt and <;uI'P,\ft ••Iassociations, ll\"tihJtion." funds and conveniences calculated t(l

benefit thv din!ctl1rs ernplovcc», ex-cmplo '{'("Sof the l.'t)mr.)1l\ or<1I1Y dl.'}wnd"J1t llWl"C'ui ilnd to \;Tflnl pensions, }~I'.lll1ifj"s.allowances, relief and payments in Jny manner calr ulntod tobenefit tlu- p,'rSll[lS dl'sn;ht>t.i herein.

,4 1'0 apply itlr ,lnd obtain IWl't:ssary consents, perrnission-, andlicenses from ,my Government, Slate, Local and other Authoritiesfor enabling till' Company to carry on any of its ohj<"Cts into (,rt'",,!as nlhl when n~qllin'd I'), law.

:-IS. r(l cause the Com pliny t!lN' regi.;t(>rt~dor rt'cngnizt'd in anv ion'igncountry and carry (1) it;. business activttios in any part ot rh« world.

3.\ T(\ Jurnlsh its assets as security for. any finance facllltv availed b\'tlu- Company or <lny third pnrty / PCI'$('I~, • •

17, TLI do and perform all «theracts and things as arc indd,-ntdl orconducive to the attainment of.the (}bjL"C~ of the company.

:IS. II' is, hereby. undertaken that the nmp,l")' shall not t-ng,l~t' inb,mkit1!', business or F~"Ir(''(, i11t, ~l brokerage, (;r allY ~1I;;int'" ofinvestment ~'ompnny ,11' non-banking finance rompnny (\r insur.mc«or I,'a"inp, 01' businos: tlt Immaging agency or in ;my unlawfulbusiness and that nothing c nlaincd in till' object clauses shall he 5,)construed 1(.) entitle it to engngl' in such business directlv oril\direclly MId the' Company Slhll1 not launrh multi-level mnrkvtiru;(Ml.M). P!fI'IHII;,J .1lhl ['(II1::i sche-mes. .

'W. N(',lwithiil.111dine ;lllything stall.'d ill any Obj,'ct clause, tlu- Clllllpnnyshall obtain such othvr approval Of license from ('ompL'lt'llt/\u!h')l'ily, ;]'i m.1Y 1>"• required under .lily law or the time bl'i:l~ inIorce, to undertake a particular hnsinr-,«.

IV. Till! liability of ttw rnernbers is limited.

V. The authorized capital of the company isHundred and Fiftv Million Only) divided intordinary shares of Rs. 10/· (Rupees Tell) each

We the several p\!r~un.", \,;JWI.i.' names and addresses are subscribed below ,lrt'.I.:..•irous or" b,..in!; formed into .1 C(lllll'.11'Y in pursuance (If th" -lemorundum of;\ ••sociatlon and wv respectively il?,I'l'l' to take.> the number ot shares in the Glpil,'1of the Company set opposit« It) 0111'r,'sp('l·tiv~· names:

~ 1'\R_'ti>~c.\-,-s""" 17(~r~(IY (.Q

Colony,

7