Approval of Audited Financial Statements.

KSA TECCC

Mr. Ng informed that the Board that, in the matter of the Audited Financial Statements
(AFS) of the Corporation, government regulations require that the same be approved by
the Board. The AFS needs to be submitted to the Bureau of Internal Revenue on or
before 15 April 2013. Copies of the AFS were handed out to the members of the Board.

Upon motion made and properly seconded, the Board unanimously passed the
following resolution:

“RESOLVED, that the audited financial statements of KSA REALTY

CORPORATION (the ‘Corporation’) for the calendar year ended 31 December
2014, inclusive of the Statement of Financial Position as of 31 December 2014
and the Statements of Comprehensive Income, Changes in Equity and Cash
Flows for the year ended 31 December 2014, as audited by the Corporation’s
independent auditor, Sycip Gorres & Velayo Company be, and the same are
hereby noted and approved”.

“RESOLVED, that the audited financial statements of THE ENTERPRISE

CENTER CONDOMINIUM CORPORATION (the ‘Corporation’) for the calendar
year ended 31 December 2014, inclusive of the Statement of Financial Position
as of 31 December 2014 and the Statements of Comprehensive Income,
Changes in Members' Account and Cash Flows for the year ended 31 December
2014, as audited by the Corporation’s independent auditor, Sycip Gorres &
Velayo Company be, and the same are hereby noted and approved”.