I had the same question. I called the "filter hotline" on the Mobil 1 website, and was told it was in the base - they told me the same thing in an email...
"Hello,
The bypass valve for the Mobil One filters are on the backplate side of the filter as well. As a side note, the location of the bypass valve does not make a difference, it still does the same job of bypassing the media in case of pressure difference in the filter."
Chase Mewes
Technical Service Representative
Champion Laboratories Inc.