DRAFT N°1

IND President & Board of Directors Meeting

BOARD RESOLUTION OF [IND] REPRESENTATIVE APPROVAL

DATE PASSED:
REPRESENTATIVE APPROVAL

WHEREAS that the officers of The Counsel of [IND] and The President are, and
each acting alone is, hereby authorised to do and perform any and all such acts,
including execution of any and all documents and certificates, as such officers shall
deem essential or advisable, to carry out the purposes and intent of the foregoing
resolutions el Presidente del Instituto Nacional del Deporte IND, in accordance with
venezuelan Sports Act (Ley Orgánica de Deporte, Actividad Física y Educación
Física Gaceta Oficial No 39.741 23/08/2011).

WHEREAS, the 2020 & 2022 Olympic Games Venezuela Media Rights Agreement
by and between The International Olympic Committee IOC and instituto Nacional de
Deportes “IND” regarding article 16 and following, “Payments”, shall be made by
Representative is hereby authorized by the IND President and Board of Directors in
session N°______ dated ___________ to authorize [CML PROJECTS
TRANSMISSION LIMITED, Company number 08765257, at C/O Hillier Hopkins
Llp First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire,
WD17 1HP, as per Directors Paul Antony BRETT and or Yngrid Darey RICO
FLOREZ] to stand on our behalf at [IOC] to discuss pay and receive all data and
documents regarding the 2020/2022 Olympic Games Venezuela Media Rights
Agreement payments under our authorization] as be agreed upon.

RESOLVED FURTHER. hereby authorize CML PROJECTS TRANSMISSION

LIMITED, Company number 08765257, at C/O Hillier Hopkins Llp First Floor,
Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP, as per
Directors Paul Antony BRETT and or Yngrid Darey RICO FLOREZ] as
Representative said and assignee to release all information necessary to secure
payment to the 2020 & 2022 Olympic Games Venezuela Media Rights Agreement
by and between The International Olympic Committee IOC and instituto Nacional de
Deportes “IND”. So, CML PROJECTS TRANSMISSION LIMITED, Company
number 08765257, at C/O Hillier Hopkins Llp First Floor, Radius House, 51
Clarendon Road, Watford, Hertfordshire, WD17 1HP, as per Directors Paul
Antony BRETT and or Yngrid Darey RICO FLOREZ] agrees to use all reasonable
means in accordance with the procedures and guidelines, policies, restrictions and
instructions separately provided by IOC, as well as in compliance with all applicable
law including, but not limited to, the laws of the Switzerland, officially the Swiss
Confederation, and of any foreign jurisdiction in which Representative operates.
Representative is authorized by IND President and Counsel and inform Olympic
Committee OIC solely in accordance wit the published promises and commitments
made by CML PROJECTS TRANSMISSION LIMITED, Company number
08765257, at C/O Hillier Hopkins Llp First Floor, Radius House, 51 Clarendon
Road, Watford, Hertfordshire, WD17 1HP, as per Directors Paul Antony BRETT
and or Yngrid Darey RICO FLOREZ] to IND, as benficiary of the payment made on
its behalf.

that any actions taken by such officers prior to the date of the foregoing resolutions
adopted hereby that are within the authority conferred thereby are hereby ratified,
confirmed and approved as the acts and deeds of [IND].
 DRAFT N°1
IND President & Board of Directors Meeting

It is hereby certified by the undersigned that the above mentioned resolution was
duly passed by the President and Counsel Directors of the above-named IND on the
[DAY] day of [MONTH, YEAR], in accordance with the Sport Act and By-Laws and
Articles of Incorporation of the IND and the laws and by-laws governing the Company
and that the said resolution has been duly recorded in the Minute Book and is in full
force and effect.

Dated: [DATE]

IND FIRST DIRECTOR

IND SECOND DIRECTOR

IND THIRD DIRECTOR

__________________________