(Insert Company Letter Head)

BOARD RESOLUTION

REPUBLIC OF THE PHILIPPINES )

___________________ City) SS.

I, ______________________(name), being the duly elected (position) of

xxxxxxxxxx, an organization duly organized and existing under and by virtue of its
registration with the Securities and Exchange Commission, with principal office/ address
at ___________________________, do hereby certify that during the regular meeting of
the Board of Directors of the said organization held on ________(date), the following
resolution was unanimously adopted:

“RESOLVED, that the consent of the Board of Directors be and is hereby given for
closure of ___________ branch Office of the Company at ________ address.

RESOLVED FURTHER, that Mr/Ms. ________________ be and is hereby authorized

to sign and execute all such document(s) or instrument(s) and do all such acts, deeds and
things as may be necessary for closing of the said branch.

RESOLVED FURTHER, that a Certified Copy of this resolution be forwarded to all

such statutory authorities under ___________________, (position).”

I also certify that the said Resolution is in force and has not been amended and
revoked.

IN WITNESS WHEREOF, I have hereunto set my hand this ___ day of

_____________, 20___.

___________________________
Name of President/ Officer

SUBSRIBE AND SWORN before me this _______ day of ____________ 20___, by

___________________ who exhibited to me his CTC No. ___________ issued on
___________________ at ____________________.

Notary Public

Doc. No. ________;

Page No.________;
Book No.________;
Series of 20__.