MINUTES OF THE SPECIAL MEETING

OF THE BOARD OF DIRECTORS

OF
CASH FLOW OUTSOURCING SERVICES INC.

Held at 33rd Floor, Unionbank Plaza, Meralco

Avenue corner Onyx Road, Ortigas Center,
Pasig City
on __ September 2016

PRESENT: ABSENT:

Julieta M. Napiza Scott Allan Kohn

Joy Llabore
Glorilyn Cusi
Kristina Preciosa Badillo

1. Call to Order

Upon the request of the director present, Ms. Julieta M. Napiza acted as Chairman
of the meeting, called the meeting to order and presided over the same. Ms. Kristina
Preciosa Badillo acted as Secretary of the meeting and recorded the minutes of the
proceedings.

2. Waiver of Notice of Meeting

All members of the Board of Directors of the Corporation further waived any
requirement of formal call or notice of, and consented to, the holding of the meeting.

The Secretary certified that a quorum was present for the transaction of business
by the Board of Directors.

3. Appointment of Authorized Representative in Labor Case

Upon motion duly made and seconded, the Board of Directors approved the
following resolutions:

RESOLVED that the Board of Directors of CASH FLOW OUTSOURCING

SERVICES, INC. (the “Corporation”) designates GLORILYN CUSI as the
authorized representative (“Authorized Representative”) of the Corporation
in all proceedings in, relating to, or arising out of the small claims case
entitled “Michael O’Conroy v. Cash Flow Outsourcing Services (CFOS),
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Kristina Badillo,” docketed as Small Claims Case No. M-PSG-16-01831-

SMC before the Metropolitan Trial Court, with full power and authority:

(1) To represent the Corporation in all proceedings in, relating to, or

arising out of the Case with full power to cause the preparation and
filing of and to sign any pleading, appeal, petition, motion or
document in the Metropolitan Trial Court, or any other court, tribunal
or administrative agency in the Philippines, including any required
verification and certification of non-forum shopping;

(2) To represent the Corporation in all proceedings, including pre-trial,

conciliation and mediation, relating to, or arising out of the Case
with full power to settle or dismiss the Case either totally or partially
and perform on behalf of the Corporation, any act and deed which
the Corporation could legally do and perform, including the power
to consider and agree on, among others, the following:

 the possibility of an amicable settlement;

 the possibility of referring the dispute to mediation or other

forms of dispute resolution;

 the possibility of obtaining stipulations and admissions of

facts and of documents;

 such other matters as may aid in the speedy and summary

disposition of the case; and

 such matters as are provided for in the pertinent provisions

of the Rules of Court of the Philippines and/or the NLRC
Rules of Procedure.

RESOLVED FURTHER, That the Authorized Representative is hereby

given and granted full power and authority to assign or designate any other
person to act on behalf and as the representative of the Corporation, and
that such designated person shall have all the power and authority of the
Authorized Representative.

RESOLVED FINALLY, That to implement the foregoing resolutions, the

Authorized Representative or the person she may choose to designate as
the representative of the Corporation is hereby given and granted full power
and authority whatsoever requisite or necessary or proper to be done in
and about the premises as fully to all intents and purposes as the
Corporation might or could lawfully do, and ratifying all that said Authorized
Representative shall lawfully do or cause to be done under and by virtue of
these presents.
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5. Adjournment

There being no further business to transact, the meeting was adjourned.

ATTESTED/APPROVED BY:

JULIETA M. NAPIZA KRISTINA PRECIOSA BADILLO

Director/Chairman of the Meeting Director/Secretary of the Meeting

GLORILYN CUSI JOY LLABORE

Director Director