SUMPONG KEYSTONE LEARNING CENTER, INC.

Sta. Cruz Street, Sumpong, Malaybalay City 8700

EXCERPTS FROM THE MINUTES OF THE MONTHLY REGULAR MEETING OF THE

BOARD OF TRUSTEES OF THE SUMPONG KEYSTONE LEARNING CENTER, INC.,
AT STA. CRUZ STREET, SUMPONG, MALAYBALAY CITY, BUKIDNON, HELD ON
JANUARY 22, 2014
In Attendance:
Present:

JOHN ALEXANDER S. BELDEROL

Chairman of the Board of

Trustees and Corporate
President

KIM CARLO F. TANGIAN

Member, Board of Trustees,

and Vice President

MARNELLIE E. BAUTISTA

Member, Board of Trustees,

and Corporate Secretary

RICHIE D. RABAGO

Member, Board of Trustees,

and Corporate Treasurer

AIREEN JOY E. RAVANERA DUMALAHAY

Member, Board of Trustees,

and Corporate Manager

Absent:

NONE

RESOLUTION NO. BT-01-22-2014

A RESOLUTION AUTHORIZING THE CORPORATE MANAGER AIREEN JOY E.
RAVANERA

DUMALAHAY,

TO

ENTER

INTO

LOANS

AND

ACCESSORY

AGREEMENTS WITH THE EYRIE BANK, INC. (MALAYBALAY BRANCH), FOR AND IN
BEHALF OF THE SUMPONG KEYSTONE LEARNING CENTER, INC. AS STATED
BELOW:

WHEREAS, SUMPONG KEYSTONE LEARNING CENTER, INC. a non-stock, nonprofit educational institution, seeks to advance its goal of holistic student development in
line with its stated Purposes in the Articles of Incorporation;

WHEREAS, this goal can best be achieved by the construction and operation of additional
facilities, such as the proposed One (1) Storey Classroom / Library Building at Sta.
Cruz Street, Sumpong, Malaybalay City, in the total estimated amount of Six Million Pesos
( 6,000,000.00);

WHEREAS, the present funds of the corporation are not sufficient to undertake said
project without the assistance of lending facilities;
THEREFORE; after thorough deliberation and on motion by Board Member KIM CARLO
F. TANGIAN duly seconded by Chairman of the Board JOHN ALEXANDER S.
BELDEROL, it was,

RESOLVED, as it is hereby resolved, that the corporation be empowered and authorized to

apply for, negotiate, obtain loans from EYRIE BANK, INC. (MALAYBALAY BRANCH),
represented by its General Manager JONATHAN L. DENSING, including the renewal,
extension and/or increase, rollover or restructuring thereof, and/or of its existing credit
facilities in such amount(s) and under such terms and conditions as may be mutually
agreed upon, and to secure and guarantee the payment of the aforesaid loan or credit
facilities by means of mortgage, pledge, assignment or any other form of encumbrance upon
any and all properties or assets of the corporation of whatever kind or nature, real or
personal, as may be sufficient or required for the purpose.

RESOLVED, FURTHER, as it is hereby resolved, that AIREEN JOY E. RAVANERA

DUMALAHAY, Corporate Manager, be authorized to sign, execute, and deliver any and all
documents including but not limited to loan application, disclosure statement, purpose
sheet, application for letters of credit, promissory note, draft, surety agreement, trust
receipt,

mortgages,

pledge,

assignment,

and

the

like,

including

the

renewals/extensions/increase/amendments/restructuring thereof, in order to effectuate the

foregoing matters.

NAME :

Aireen Joy E. Ravanera Dumalahay

Corporate Manager

POSITION :
SIGNATURE :

RESOLVED, FINALLY that EYRIE BANK, INC. (MALAYBALAY BRANCH) be

furnished a copy of the foregoing resolutions for its guidance and may continue to rely on
the authority conferred thereon, including the renewal, increase, roll-over and/or
restructuring thereof, unless and except to the extent that the foregoing resolutions shall be
revoked or modified by the receipt of any subsequent resolution/s of the Board of Trustees of
the Corporation.

UNANIMOUSLY CARRIED:
January 22, 2014

WE CONCUR:

JOHN ALEXANDER S. BELDEROL

KIM CARLO F. TANGIAN

Chairman and President

Vice - President

MARNELLIE E. BAUTISTA

RICHIE D. RABAGO

Secretary

Treasurer

AIREEN JOY E. RAVANERA DUMALAHAY

Corporate Manager

------------------------------------------------------------------------------------------------------------------------------I HEREBY CERTIFY to the correctness of the forgoing resolution.

MARNELLIE E. BAUTISTA
Corporate Secretary
ATTESTED BY:

JOHN ALEXANDER S. BELDEROL

Chairman and President, Sumpong Keystone Learning Center, Inc.

REPUBLIC OF THE PHILIPPINES }

CITY OF MALAYBALAY } S.S.

SECRETARYS

CERTIFICATE

I, Marnellie E. Bautista, Filipino, of legal age, with office address at Sta. Cruz Street,
Sumpong, Malaybalay City, after being sworn in accordance with law, do hereby depose and
state as follows:

1. That I am the incumbent Corporate Secretary of Sumpong Keystone Learning

Center, a corporation duly organized and existing under Philippine laws, with principal
office at Sta. Cruz Street, Sumpong, Malaybalay City;

2. That during the regular meeting of the Board of Trustees held on 22 January 2014,
wherein a quorum was present and acted throughout, after being informed of the necessity
of obtaining loans and/or credit accommodation with any banking / lending institution, to
generate funds for the purpose of constructing a One (1) Storey Classroom / Library
Building, the Board approved the following resolution, to wit:

RESOLUTION NO. BT-01-22-2014

RESOLVED, as it is hereby resolved, that the corporation be empowered and authorized to
apply for, negotiate, obtain loans from EYRIE BANK, INC. (MALAYBALAY BRANCH),
represented by its General Manager JONATHAN L. DENSING, including the renewal,
extension and/or increase, rollover or restructuring thereof, and/or of its existing credit
facilities in such amount(s) and under such terms and conditions as may be mutually agreed
upon, and to secure and guarantee the payment of the aforesaid loan or credit facilities by
means of mortgage, pledge, assignment or any other form of encumbrance upon any and all
properties or assets of the corporation of whatever kind or nature, real or personal, as may be
sufficient or required for the purpose.

RESOLVED, FURTHER, as it is hereby resolved, that AIREEN JOY E. RAVANERA

DUMALAHAY, Corporate Manager, be authorized to sign, execute, and deliver any and all
documents including but not limited to loan application, disclosure statement, purpose
sheet, application for letters of credit, promissory note, draft, surety agreement, trust receipt,
mortgages, pledge, assignment, and the like, including the renewals / extensions /
increase / amendments / restructuring thereof, in order to effectuate the foregoing matters.

NAME :

Aireen Joy E. Ravanera Dumalahay

POSITION :

Corporate Manager

SIGNATURE :
RESOLVED, FINALLY that EYRIE BANK, INC. (MALAYBALAY BRANCH) be
furnished a copy of the foregoing resolutions for its guidance and may continue to rely on the
authority conferred thereon, including the renewal, increase, roll-over and/or restructuring
thereof, unless and except to the extent that the foregoing resolutions shall be revoked or
modified by the receipt of any subsequent resolution/s of the Board of Trustees of the
Corporation.

UNANIMOUSLY CARRIED:

January 22, 2014

3. That the foregoing Resolution remains valid and has not in any manner been novated,
revoked, nor repealed to date. AFFIANT FURTHER SAYETH NAUGHT. Issued this 22 nd
day of January 2014, at Malaybalay City.

MARNELLIE E. BAUTISTA
Corporate Secretary

SUBSCRIBED AND SWORN to before me, a Notary Public, for and in the City of

Malaybalay, Province of Bukidnon, this 22nd day of January 2014 by MARNELLIE E.

BAUTISTA with Bukidnon State University Employees I.D. F 410 issued in the City
of Malaybalay on the 14th of June 2011.

ATTY. WYNDEL ZEUS G. ECHAVIA

Notary Public
Until December 31, 2014
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