xxx

BOARD RESOLUTION
Series of xxx

SO THE PUBLIC MAY KNOW:

MINUNTES OF THE SPECIAL MEETING OF THE BOARD OF

DIRECTORS OF xxxxx HELD ON xxxx AT ITS PRINCIPAL PLACE
OF BUSINESS.

Call to Order : The meeting was called by its President, xxxx.

Quorum : The President announced that there was a quorum

to transact business and the Corporate Secretary
was directed to record the minutes of the meeting.

Agenda : On the motion duly seconded by a member of the

Board, the meeting continued by passing and
approving the following resolution, to wit:

“WHEREAS, the Board of Directors deems it desirable and in

the best interests of this Corporation to acquire a parcel of land
located at No. xxx, xxxx, xxx, xxxx, xxxx, and covered by
xxxxxxx, hereinafter referred to as the “PROPERTY”;

NOW, THEREFORE, BE IT RESOLVED, that this Corporation

acquire the PROPERTY for a price of xxxxx (xxxxx) xxxx
Currency;

RESOLVED FURTHER, that the President is hereby authorized,

directed and empowered to execute, for and on behalf of this
Corporation and in its name, any and all documents required in
connection with the purchase of the PROPERTY, including but
not limited to purchase agreements and other relevant
documents as may be required by law;

HEREBY GIVING AND GRANTING unto the above-named

representative full power and authority whatsoever required or
proper to be done in or about the purchase of the PROPERTY
as lawfully as xxxxx could lawfully do if personally present and
HEREBY RATIFYING AND CONFIRMING all acts done under
and by virtue of these presents.”

Appointment : As there were no more matters to discuss, the

meeting was adjourned at around 10 in the
morning.

IN WITNESS WHEREOF, the Board of Directors present in the

meeting affixes their signatures on ____________________ at
_____________________, Philippines.

xxxx xxxx
Chairman/CEO President

xxxx xxxx
Corporate Secretary Treasurer
 xxxx
Director

Signed in the presence of:

(signature over printed name) (signature over printed name)

ACKNOWLEDGMENT

xxxx )
) S.S.

BEFORE ME, a Notary Public for and in

_____________________, personally appeared:

NAME TAX IDENTIFICATION NUMBER

Known to me and to me known to be the same persons who executed

the foregoing instrument and acknowledged to me that the same are their
free act and voluntary deed.

This instrument, consisting of three (x) pages, including the page on

which this acknowledgment is written, has been signed on the left margin on
each and every page thereof by the concerned parties and their witnesses,
and sealed by my notarial seal.

WITNESS MY HAND AND SEAL, on this ____________________ at

____________________, Philippines.

Doc. No.:_____
Page No.:_____
Book No.:_____
Series of 201x.