In re Music Semiconductors Corp.

October 20, 2008 SEC-CFD ORDER NO. 121-08 IN THE MATTER OF MUSIC SEMICONDUCTORS CORPORATION, registrant . REGISTRATION OF SECURITIES O R D E R Upon consideration of the Registration Statement and other papers and documents attached thereto which were filed on behalf of Music Semiconductors Corporation , for the registration of its One Billion Three Hundred Forty One Million Six Hundred Twenty Nine Thousand Nine Hundred Sixty One (1,341,629,961) common shares , broken down as follows: HDTISa Number of Common Description Aggregate Amount at Shares an Issue Price of Php0.16 per share These shares are covered under Section 10.1 (i) of the Securities Regulation Code pursuant to Music's increase in capital stock and may be further broken down as follows: 664,447,357 470,000,000 shares issued by way of Private Placement Php75,200,000.00 123,252,226 shares issued pursuant to a Stock Purchase 19,720,356.16 Plan 71,195,131 shares issued to convert Music's debt to equity 11,391,220.96 Php106,311,577.12 These shares are covered under Section 10.1 (b) of the 81,000,000 Securities Regulation Code pursuant to a sale of securities Php12,960,000.00 in order to liquidate a bona fide debt These shares shall be issued pursuant to a private 596,182,604 placement covered under 95,389,216.64 Section 10.1 (k) of the Securities Regulation Code. Total number of shares that will be issued by Music upon 1,341,629,961 registration with the Securities Php214,660,793.76 and Exchange Commission the Commission, in its meeting of October 16, 2008, resolved to render the company's Registration Statement effective pursuant to Section 12 of the Securities Regulation Code and its Implementing Rules and Regulations. Let a Certificate of Permit to Offer Securities for Sale be issued in favor of the subject company authorizing the sale and distribution of the aforementioned securities. SO ORDERED. EDSA, Mandaluyong City, Philippines, October 20, 2008. (SGD.) JUSTINA F. CALLANGAN Director ATTACHMENT Certificate of Permit to Offer Securities for Sale