BOARD RESOLUTION

REPUBLIC OF THE PHILIPPINES

Davao City) S.S.

RESOLVED THAT, the consent of the Board be and is hereby accorded to authorize and
appoint PRECIOUS HOPE MORANTE the president of XYZ Inc, an organization duly organized and
existing under and by virtue of its registration with the Securities and Exchange Commission (SEC), with
principal office/address at Arroyo Street Km. 6 Lanang, 8000 Davao City Philippines, during
the regular meeting of the Board of Directors of said organization held on 15 November 1996 the following
resolution was unanimously adopted:

"RESOLVED AS IT IS HEREBY RESOLVED, that PRECIOUS MORANTE be authorized to

represent the corporation before any person or entity, and therewith to sell, lease, dispose, transfer and
convey, either at public or private sale, for a consideration of not less than P50,000,000.00, Philippine
currency, Lot 24, Central Plaza Building, JP Laurel Avenue, Davao City (OCT No. 19068239)."

"RESOLVED, that to support said application, the following statements are made:

1. The organization is currently operating in the principal address stated in its certificate of
registration;

2. The organization is not in the process of dissolution or the subject of a proceeding leading to the
cancellation of its certificate of registration;

3. The organization is not a party respondent in any case pending with regular courts or
administration agencies. and;

4. The organization is willing to appropriate the 20% counterpart funding support for the purpose
thereof.

I also certify that the said Resolution is still in force and has not been amended and revoked.

IN WITNESS WHEREOF, I have hereunto set my hand this 3rd day of August 2017.

Gary Garina

Chairman of the Board of Directors

SUBSCRIBED AND SWORN TO BEFORE ME, this 18th day of November 1996 at Davao City
affiant exhibited to me his/her government ID No.2281937

ATTY. REGINA A. VILLARUEL

Notary Public City of Davao
Until December 31, 1997
IBP No. 656155-Lifetime Member
MCLE Compliance No.V-006934
Appointment No. M-38-(1995-1996)
Doc.No. ___ PTR No. 5323504 Jan. 14, 1996
Page No. ___ Taguig City Roll No. 40091
Book No. ___ 14/F Net Cube Centre, 3rd Ave. Cor.
Series of___ 30th St., Bonifacio Global City