XXX CORPORATON

BOARD RESOLUTION

WHEREAS, XXX Corporation has an existing rule for bank signatories as follows:

“Any one (1) from Class A jointly with any one (1) from Class B:

Class Signatory Position

A AAAA CEO / President
BBBB Director
CCCC CFO
DDDD B & P Manager

B EEEE Chairman
FFFF Treasurer
GGGG COO”

WHEREAS, the Finance & Treasury Group of XXX Corporation aims to expedite the check
preparation process;

WHEREAS, to achieve the above-mentioned objective, the Finance & Treasury Group of XXX
Corporation has proposed a new signing rule in lieu of the current Class A and Class B signing rule;

NOW, THEREFORE, pursuant to the foregoing premises, the Board has resolved and approve, as it
hereby approves, the new structure of bank signatories as follows:

“Any two (2) of the following authorized signatories:

Signatory Position
AAAA CEO / President
BBBB Director
CCCC CFO
EEEE Chairman
FFFF Treasurer
GGGG COO
DDDD B & P Manager”

RESOLVED, FINALLY, that in addition to the above-mentioned new structure of bank signatories,
the Board of Directors also approve, as it hereby approves, the appointment of (Name of Officer to be
appointed) as the Officer to be held accountable to the Board for checks to be routed for signature.

Done this 30th day of March 2018 at _________________.

________________________ ________________________
AAAA BBBB

________________________ ________________________
CCCC DDDD

________________________ ________________________
EEEE FFFF

________________________
GGGG