BOARD RESOLUTION

COMPANY NAME
Address
RESOLUTION NO. 12 S. 2019

We, the undersigned Board of Directors of

________________________________________., a corporation duly
organized and existing under the laws of the Philippines with office address
at _________________________________________ City, at a special
meeting of the Board of Directors of the Corporation held on
___________________________, the following Board Resolutions were
passed and approved by majority vote of the Board of Directors, and by the
vote of two thirds (2/3) of its members, to wit:

“Resolved, that the corporation through the Board of

Directors hereby approved to
___________________________________________________
__________________________________________________;

Resolved further, that the corporation through the Board

of Directors hereby approved to
___________________________________________________
__________________________________________________;
and

Resolved finally, that the corporation

___________________________________________________
__________________________________________________.”

This resolution shall be binding and effective from this date, and shall
remain in full force and effect until validly revoked or modified by the
Board.

IN WITNESS WHEREOF, we set our hand this ______________ day

of ________________ 20___, at _______________ City.

APPROVED:

__________________ ___________________
Board of Director Board of Director
TIN _____________ TIN _____________

__________________ __________________
Board of Director Board of Director
TIN ______________ TIN _____________

ATTESTED BY:

1
 ___________________
President/CEO
TIN ____________

Republic of the Philippines ) S.S.

City of ________________ )

SUBSCRIBED AND SWORN to before me this _______ day of

_______________, 20________ at _________________________,
exhibiting to me their Tax Identification Numbers.

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of 20_____.