Republic of the Philippines ) ___________________ City) S. S.

I, TIMOTHY JAMESON CHAN, of legal age, being the duly elected and incumbent Corporate Secretary of AHAM Corporation (the ³Corporation), a domestic corporation duly organized and existing under and by virtue of Philippine laws, with principal office at American Home Bldg, 34 Morato St cor. De Vera St., SFDM, Quezon City, after having been sworn according to law, hereby depose the state: 1. That at the Regular Meeting of the Board of Directors of the Corporation held on September 09, 2010 at which meeting a quorum was present and acting throughout, the following resolution were approved and passed: ³RESOLVED, that Corporation be, as it hereby authorized to enter into transactions and contracts with, to set pricing and promotional scheme, sell and deliver home appliances to and/or provide services to Security Bank Card Corporation and its affiliates, as this Corporation authorized signatories named herein may deemed reasonable, proper and beneficial for the interest of the Corporation; ³RESOLVED, FURTHER, that both the specimen signatures of the principal signatory and any one of the alternate signatories, as authorized Officers of this Corporation to sign, execute and/or deliver any and all documents, contracts, instruments relative to the foregoing paragraph for and in behalf of the Corporation, as may be appropriate and/or required, are hereby affirmed to necessarily appear thereof, to wit: Name Position Hendrick C. Chan General Manager Ramon C. Ramirez Marketing Services Manager Neil Randolph C. Mijares Marketing Officer Signatory Principal Alternate Alternate Specimen Signature ___________________ ___________________ ___________________

³RESOLVED, FURTHER, that the foregoing authorized signatories be, as they are hereby authorized to transmit their instructions from time to time via letter correspondence, electronic mail or telecopier (facsimile) in connection with the exercise of the foregoing powers. ³RESOLVED, FINALLY, that the Corporate Secretary be, and is hereby, authorized to issue certifications covering the foregoing resolutions adopted by the board of Directors of the Corporation. 2. The foregoing resolutions have not been revoked, amended, or in any manner modified and, accordingly, the same maybe relied upon until a written notice to the contrary is issued by the Corporation. IN WITNESS WHEREOF, I have hereunto set my hand this 9th day of September 2010 at Quezon City.


SUBSCRIBED AND SWORN to before me this ________day of __________________________ by affiant who exhibited to me his/her Community Tax Certificate/Passport Number ______________________________________issued at_____________________________________ on __________________________________. Doc. no. ___________ Page no. ___________ Book no. ___________ Series of ___________

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