Brian B.

Sabalo 3A Legal Forms

SAN MIGUEL CORPORATION

BOARD RESOLUTION NO. 2

General meeting held on 04 April 2013

Principal office of the Corporation

WHEREAS, the Board of Directors of the SAN MIGUEL

CORPORATION deemed it desirable, necessary, and in the best interest
of the corporation to acquire a certain 50 hectare property located at Block
41, Taguintingan Municipality, Abra and covered by TCT No. 1234567 (the
“Property”), to be appropriated for the construction of an airport.

IT IS RESOLVED, that Jerry Potacar, Chief Financial Officer of the

Corporation is hereby authorized, directed and empowered to negotiate and
execute, for and on behalf of the corporation and in its name, any and all
documents and transactions required in relation with the purchase of the
Property, as stated in Board Resolution No. 1.

Approved and adopted this 4th Day of April 2013 at Pasig City,
Philippines.

RAMON TANG JAIME ZUBEL DE AYALLA

President Vice President

CAPTAIN CRUNCH MR. PRINGLES

Director Director

BRIAN BORJA SABALO

Corporate Secretary
Brian B. Sabalo 3A Legal Forms