G.R. No. 233857 (Formerly UDK 16000) - AGAPITO A. SALIDO, JR., VS. ARAMAYWAN METALS DEVELOPMENT CORPORATION, CERLITO SAN JUAN, CORAZON SAN JUAN, CRISTINA MARIE SAN JUAN.

Ruling

WHEREFORE , premises considered, judgment is hereby rendered: 1. Declaring the agreement between the corporation and plaintiff Cerlito San Juan for the latter's conversion of 10,000 of his shares into treasury shares as well as the cancellation of shares of plaintiffs Corazon and Cristina San Juan [v]alid, binding and effective as between the parties; 2. Directing plaintiffs Cerlito San Juan and his nominees to execute a registrable public document for the transfer of their 10,000 shares in favor of the corporation; 3. Declaring the appointment of defendant Roland E. Pay as corporate secretary of plaintiff corporation effective November 26, 2005 valid and effective; 4. Declaring the special board meeting held on February 5, 2005 and the subsequent annual and special stockholders' and board meetings called and held by the Salido Group valid; 5. Declaring Resolution Nos. 1-2006, 2-2006, 3-2006, 4-2006, 6-2006, 7-2006 valid and binding, except for Resolution No. 5-2006, which is hereby declared invalid but without prejudice to the right of the corporation to have the same ratified; 6. Declaring the issuance of original unissued shares as well as treasury shares valid; 7. Declaring the stockholders' and board meetings of San Juan group as well as all proceedings, actions, resolutions, decisions made therein null and void; 8. Dismissing plaintiffs' claims for damages and attorney's fees against defendants. No pronouncement as to costs. SO ORDERED.