BOARD RESOLUTION

KNOW ALL MEN BY THESE PRESENTS:

We, the undersigned, a majorit y of the Board of Directors and the Secretary
of DIK AMMO CORP., a corporation duly organized and exist ing under Philippine
laws wit h principal office at 500 Unit, Tamba St., Sampaloc, Manila, hereby cert ify
that:

On a special meet ing of the Board of Directors held January 10, 2022 with
prior notice given to all directors and duly called for the purpose, at which meet ing
a quorum was present and acted throughout, the follo wing resolut ions consistent
with the Art icles of Incorporation and By-Laws of the Corporation were duly
approved.

“RESOLVED THAT pursuant to the provisions of sect ion 149(1) of the

Companies Act, 2013 and rules made thereunder, including any amendment(s) a nd
re-enact ment(s) thereto for the time being in force, consent of the Board of Directors
of the company be and is hereby accorded, subject to the approval of the members
in a general meet ing, for increase in t he limit on maximum number of directors of
the Company from the exist ing limit of 15 (fifteen) to new limit of 20 (twent y).

RESOLVED FURTHER THAT, a copy of the above resolut ion duly cert ified
as true by designated director/authorized signatory of the company be furnished to
eMudhra Limit ed and such other parties as may be required from t ime to time in
connect ion wit h the above matter.

IN WITNESS WHEREOF, we have hereunto affixed our signature this 12th day of
January 2022 at Manila City, Philippines.

LAURENE ASHLEY S. QUIROS SHAINE MARLEY S. QUIROS

President Vice-President

SIGNED IN THE PRESENCE OF:

MAMBI V. CORTEZ CONGIE S. VENTURO

Treasurer Secretary
 ACKNOWLEDGMENT

Republic of the Philippines)

City of Manila ) S.S.

BEFORE ME, a Notary Public, for and in the City of Manila, this 12th day of December
personally appeared:

NAME IDENTIFICATION CARD ISSUED ON/AT

LAURENE ASHLEY S. QUIROS PASSPORT NO. E098821 AUG 26, 2020/Manila
SHAINE MARLEY S. QUIROS PASSPORT NO. E120349 MAY 18, 2020/Manila

all known to me to be the same persons who executed the foregoing instrument and hereby
acknowledged to me that the same is their free and voluntary act and deed.

This instrument consisting of two (2) pages, including this page on which this acknowledgment
is written and has been signed by the parties and their witnesses and sealed with my notarial seal.

ROCHELLE E. GAMAL
NOTARY PUBLIC
APPT NO. 2567-22
IBP No. 133105 Dec. 10, 2018 Manila Chapter
Roll No. 55596 Lifetime
MCLE No. V1-01128579 until September 20, 2022
PTR No. 9863755, 01.04.21
Tel No. (02) 876-3453
4th Floor, Pagasa Bldg., Sampaloc, Manila

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