J. GAN’S MERCHANDISING, INC.

SEC Reg. No. A199809348

G&G Bldg., 101 Ortigas Ave. Extension, Rosario, Pasig City

BOARD RESOLUTION No. _____

That a Board Meeting was held on ____________________ wherein majority of the

members thereof were present, thus, a quorum to conduct business:

NAMES POSITION ATTENDANCE

Jimmy T. Gan President _______________

Dennis T. Gan Director _______________

Alvin T. Gan Corp. Secretary _______________

Evelyn T. Gan Treasurer _______________

Kenrick T. Gan Director _______________

“WHEREAS, it was herein decided by the majority of the officers and members of
the board that the loan the corporation obtained from the RURAL BANK OF PORAC
(PAMPANGA) INC. in the total sum of THIRTY FOUR MILLION FIVE HUNDRED
THOUSAND PESOS (P34,500,000.00), secured by the corporation’s real property
covered by TCT No. (N-201514) 004-2018009322, shall be utilized for the expansion of
operation of WAVELINK CORPORATION;

NOW, THEREFORE, BE IT RESOLVE, the majority members of the Board and

Officers of the above named corporation wholeheartedly agreed to utilize the above said
loan obtained from RURAL BANK OF PORAC (PAMPANGA) INC., for the expansion of
operation of WAVELING CORPORATION;”

SIGNED by the members of the Board of Directors on this _____ day of

__________ at ____________________;

Doc. No. _____;

Page No. _____;
Book No. _____;
Series of 2018;