NORTH POINT AGGREGATES, INC,

Baraoas Norte, Naguilian La Union

BOARD RESOLUTION
NO. 2023-001

Authorizing Northpoint Aggregates, Inc To enter into a

Commercial Lease Agreement (as per approved draft)
with GERARD S. ANGELES

WHEREAS, in consideration of the over complexity of operating Northpoint

Aggregates, Inc. and considering the aging members of the Board of Directors and
the numerous requirements of the Department of Environment and Natural Resources
(DENR), the current Board of Directors deemed it best to simplify its operations
through a lease agreement of all its facilities, equipment, land, including the turnover
of its present manpower compliment under a lease agreement.

WHEREAS, the GERARD S. ANGELES has submitted a reasonable Lease Offer

for a period of one (1) year subject to renewal with a 30 days notice prior to the
expiration of each lease period.

WHEREAS, the offered lease deposit of P100,000 and a monthly rental of P25,000
pesos payable at the start of each month is acceptable to the members of the Board
and inclusive of a two months advance rental to answer in case of any default or lease
arrearages.

NOW THEREFORE, RESOLOVED AS IT IS HEREBY RESOLVED, that the

General Manager BERNARD K. ANGELES of Northpoint Aggregates, Inc. with
postal address at Baraoas Norte, Naguilian, La Union, has been authorized to by the
majority of the Board of Directors of Northpoint Aggregates, Inc. to enter into a
Commercial Lease Agreement with GERARD K. ANGELES effective 1 April
2023, of the said Commercial Lease Agreement was duly presented and approved by
the Board of Directors of Northpoint Aggregates, Inc.

Approved on the ___ day of March 2023 at the Corporation Office, in Baraoas
Norte, Naguilian, La Union, Philippines.
Recorded by: Attested & Confirmed by:

REYNALDO O. DYQUIANGCO BERNARD K. ANGELES

Coop Secretary/ Director General Manager/ Director

Concurred by:

JANET SY-ANGELES THOMAS TAN

Director/ Treasurer Director/ Chairman
REPUBLIC OF THE PHILIPPINES )
PROVINCE OF LA UNION ) S.S.
MUNICIPALITY OF NAGUILIAN )

SECRETARY’S CERTIFICATE

I, REYNALDO O. DYQUIANGCO, of legal age, Filipino, after having been sworn to

in accordance with law, do hereby depose and say:

1. That I am the Secretary of the NORTHPOINT AGGREGATES, INC, with office

and place of business at and with office address at Baraoas Norte, Naguilian,
La Union

2. That as such, I am the custodian of the books and records of the said
cooperative including the Minutes and Resolutions of its board meeting;

3. That on __ March 2023, the members of the Board of Directors during its
regular Board Meeting held at its head office, has unanimously approved and
adopted the following resolution:

BOARD RESOLUTION
NO. 2023-001

Authorizing Northpoint Aggregates, Inc To enter into a

Commercial Lease Agreement (as per approved draft)
with GERARD S. ANGELES

NOW THEREFORE, RESOLOVED AS IT IS HEREBY RESOLVED, that the

General Manager BERNARD K. ANGELES of Northpoint Aggregates, Inc. with
postal address at Baraoas Norte, Naguilian, La Union, has been authorized to by the
majority of the Board of Directors of Northpoint Aggregates, Inc. to enter into a
Commercial Lease Agreement with GERARD K. ANGELES effective 1 April
2023, of the said Commercial Lease Agreement was duly presented and approved by
the Board of Directors of Northpoint Aggregates, Inc.

That the foregoing resolution, and has not been revoked, superseded, cancelled,
modified or amended and that the same is still in full force and effect as of the date of
this Certificate.
REYNALDO O. DYQUIANGCO
Corporate Secretary

SUBSCRIBED AND SWORN to before me this ___ day March 2023, affiant exhibiting to
me his DRIVER’S LICENSE NO. A04-68006228

Doc. No. ___

Page No. ___
Book No ___
Series of 2023 Notary Public