7/21/2019 Board Resolution on Increase of Capital

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REPUBLIC OF THE PHILIPPINES )

CITY OF ________________ ) S.S.

BOARD RESOLUTION

ABC CORPORATION

We, the undersigned majority of the Board of Directors of ABC CORPORATION, a corporation

duly organized and existing under the laws of the Philippines with office address at Ice Castle

Building, F. Cabahug corner President Quezon St., Villa Aurora, Mabolo, Cebu City.

Whereas, the corporation in its Special Meeting of the Board of Directors held on January

19, 2015 the following resolution was unanimously 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 Board of Directors hereby approved to increase the

additional Subscribed Capital of the corporation from Three Hundred Thousand Pesos (Php300,000.00) to Five Hundred Thousand Pesos (Php 500,000.00), and additional Paid Up Capital of

Two Hundred Thousand Pesos (Php 200,000.00) from the current Three Hundred Thousand Pesos

(Php 300,000.00) to make it Five Hundred Thousand Pesos (Php 500,000.00).

Resolved further that the corporation will file to the Securities and Exchange Commission

(SEC) the amendment/increase of capitalization.

IN WITNESS WHEREOF, we set our hand this _____day of ______ 2015, at

____________________.

JACK WACK TANA TRANANA

President Treasurer

TIN 111-222-333-000 TIN 444-555-666-000

MEL ENERVA SUN, SHINY SHING

Corporate Secretary Director

TIN 777-888-999-000 TIN 333-222-111-000

KIMY, GIMMEDirector

TIN 666-444-555-000

SUBSCRIBED AND SWORN to before me this day of __________________ at

________________, affiants is exhibiting to their following Community Tax Certificate Nos. as

follows:

Doc No. ________

Page No. ________Book No. ________

Series of 2015.