BOARD RESOLUTION No.

__

We, the undersigned majority members of the Board of Directors of

_______________ do hereby certify that the following resolution is true and correct and it
has been approved by the affirmative vote of stockholders owning or representing at least
two-thirds of the outstanding capital stock at a meeting at its principal office on
__________, 2018.

It was resolved that:

“____________________________________________________.”

“The additional funds received by the corporation will be used to

finance its expansion project”

Signed and approved this day of 2017 in Cebu City, Philippines.

Chairman of the Board Member

Member Member

Countersigned by:

Corporate Secretary