RPRP VENTURES MANAGEMENT AND DEVELOPMENT CORPORATION HELD ON ______________ AT 2010 PRESTIGE TOWER, F. ORTIGAS JR. ROAD, SAN ANTONIO, PASIG CITY
PRESENT: RAFAEL PIJUAN PUNO (Chairman) RODOLFO P. PUNO, JR. RAFAEL B. ZIALCITA (SECRETARY) RACHEL JULIANA RYAN G. PUNO
ABSENT;
Rafael P. Puno, the Chairman of the Board called the meeting to order after the Corporate Secretary, Rafael B. Zialcita, certified as to the existence of a valid quorum.
The Chairman informed the Board that its sister company, FILCOMSERVE, INC., is requesting the corporation to allow some of its condominium units located at Sofia Tower Condominium, No.85, Don A. Roces Avenue, Laging Handa, Quezon City, particularly described as follows:
to be mortgaged with China Banking Corporation to secure the payment of the credit facilities which said Filcomserve, Inc. is negotiating with the said bank, including renewals, extension and/or roll-over thereof, as well as those which may thereafter be granted to said sister company.
After a brief deliberation and upon motion duly seconded, the Board of Directors unanimously passed and adopted the following resolutions, to wit:
RESOLVED, as it is hereby resolved, that corporation be authorized and empowered to mortgage and encumber the following Condominium Units in Sofia Tower its parcel of land located at 85 Don A. Roces Ave., Quezon City particularly described as follows:
For the purpose of securing the obligations incurred or which may hereafter maybe incurred by the Corporation and/or Filcomserve, Inc. in whose financial success the Corporation has financial interest, with CHINA BANKING CORPORATION irrespective of the amount including any renewals, extensions and/or roll-over thereof.
RESOLVED FURTHER, as it is hereby resolved to empower and authorize any one (1) of the following officers, namely:
Name Position Signature
RAFAEL PIJUAN PUNO PRESIDENT ____________
RODOLFO P. PUNO, JR. CFO ____________
to sign, execute and deliver any and all kinds of contracts, agreement, or other papers and documents, including but not limited to surety agreement, mortgages, pledge, assignment, and the like, in order to effectuate the foregoing powers.
RESOLVED FINALLY that CHINA BANKING CORPORATION be furnished a copy of foregoing resolutions for its guidance and may continue to rely on the authority conferred thereon, including the renewal, extension, increase, roll-over and/or restructuring thereof, unless and except to the extent that the foregoing resolutions shall be revoked or modified by any subsequent resolution of the Board of Directors of the Corporation.
Certified True and Correct:
RAFAEL B. ZIALCITA CORPORATE SECRETARY
ATTESTED BY:
RAFAEL P. PUNO President
RODOLFO P. PUNO, JR. RACHEL JULIANA Director Director