REPUBLIC OF THE PHILIPPINES)

PASIG CITY
)S.S.

SECRETARYS CERTIFICATE
I, FRANCIS MAYNARD S. MALEON, Filipino citizen, of legal age, and with office address at #69
P.V. Kalaw St. Tierra Pura, Tandang Sora, Quezon City, after having sworn in accordance with law,
hereby depose and say, that
I am the duly elected and incumbent Corporate Secretary of Benhures, Inc., a corp;orated duly
organized and existing in accordance with the laws of the Republic of the Philippines, and with principal
office address at 69 P.V. Kalaw St., Tierra Pura, Tandang Sora, Quezon City (the Corporation);
At a special meeting of the Board of Directors of the Corporation, held at its principal office
address on May 23, 2009, during which a quorum was present and acting throughout, the following
resolution was unanimously approved and adopted, to wit:
Resolution No. 00-003-2010
RESOLVED AS IT IS HEREBY RESOLVED that Benchures, Inc. be as it is hereby empowered
and authorized to open and maintain current, savings and/or time deposit account/s with Banco de Oro
Universal Bank (the Bank) AND/OR avail of itself of the products and services of the Banks Transaction
Banking Group (TBG) such as without limitation to, integrated disbursement services (IDS), banking
services, corporate internet banking (CIB) services and such other existing and future products and
services of TBG (collectively, the TBG Products/Services) and be bound in accordance with and subject
to the Banks rules and regulations, terms and conditions and/or agreement (s) to be entered into with the
Bank for the use and Availment of the TBG Products/Services;
RESOLVED, FURTHER, that any one of the following, acting singly to wit:
NAME / POSITION
Michael

SIGNATURE

Vincent

P.

Tanseco

President

Trinidad

Director

__________________________
Jerome

F.

dela

__________________________
Rene

V.

Liboro

Director

__________________________
Jan

Lester

O.

__________________________

Olao

Treasurer

Francis

Maynard

S.

Maleon

Corporate

Secretary

__________________________

be as he is hereby empowered and authorized to do the following acts for and on behalf of the
Corporation, to wit:
1.

Open, maintain and manage in the name of the of the Corporation, current, savings
and/or time deposits account/s (Philippine Peso and/or foreign currency) with any
Branch of the Bank (the Depository Accounts);

2.

Deposit to and withdraw from the Depository Accounts, in whatever form and manner,
and in such amount as the Representatives shall, in their sole discretion, deem
appropriate or necessary;

3.

Close the Depository Accounts and ask, demand, sue for, collect, receive the proceeds
of the Depository Accounts in the name of the Corporation;

4.

Receive, accept, endorse and negotiate all checks, drafts or orders of payment payable
tot he Corporation or its order which may require the Corporations endorsement;

5.

Execute, sign, deliver and perform for and on behalf of the Corporation, the documents,
instruments, agreements, acts and/or deeds, which may be necessary or required in
connection with the use and Availment of the TBG Products/Services, under such
terms and conditions as the Representatives may deem fit, including enrolment forms,
notices, instructions, debit authorizations, and/or designation of email addresses
authorized to transmit files and/or instructions, that may be required or permitted under
the terms of such documents, instruments, agreements, acts and/or deeds;

6.

For CIB, enrol, dis-enroll, re-enroll Depository Accounts in CIB; name,

designate, enrol Company System Administrator authorized to do and perform
acts allowed under the BDO terms and conditions governing CIB; dis-enroll
and/or re-enroll Company System Administrator in/from CIB; enrol, dis-enroll
and/or re-enroll merchant and/or third party accounts in CIB for bills/other
payment purposes; enrol the following Users in the CIB Facility with authority to
exercise and perform access rights with respect to the enrolled Depository
Account/s as may be allowed under the BDO terms and conditions governing
CIB and do transactions

NAME

POSITION

Michael Vincent P. Tanseco

Jerome F. dela Trinidad
Rene V. Liboro
Jan Lester O. Olao
Francis Maynard S. Maleon

President
Director
Director
Treasurer
Corporate Secretary

to designte the respective roles of Users in CIB Facility (Maker/Approver and Verifier),
and the acts/transactions which the Users are authorized to do or perform under CIB;

7.

Do perform, execute, deliver such other acts, deeds, documents, instruments, as may
be necessary to implement and exercise the foregoing powers/authorized acts;

8.

Give consent to or allow the enrolment, use and aggregation of the Corporations
accounts with the Bank for purposes of compliance by its related company/ies with any
average daily balance requirement (ADB) of the Bank, subject to existing policies of the
Bank on ADB compliance requirement;

9.

Give consent thereon to or allow the enrolment and use of the Corporations accounts
with the Bank to serve as debit accounts to fund the payroll needs and/or requirements
of its related company/ies, subject to the existing policies of the Bank thereon.

RESOLVED, FURTHER, that the Corporation hereby ratifies and confirms all that the
Representatives may lawfully do or cause to be done under and by virtue of these presents;
RESOLVED, FURTHER, that the foregoing resolution shall remain valid and subsisting unless
otherwise revoked or amended in writing by the Corporation, duly served upon the Bank.
RESOLVED, FINALLY, that the Representatives are hereby empowered and authorized by the
Corporation to advise the Bank of the foregoing resolutions.
IN WITNESS WHEREOF, I have signed this certification on this 30th day of May 2010 at Quezon
City.

FRANCIS MAYNARD S. MALEON

Corporate Secretary
Attested by:

MICHAEL VINCENT P. TANSECO

President

SUBSCRIBED AND SWORN to before me this day ____________________________ at

_________________________________, affiant exhibiting to me his Community Tax Certificate No.
16253693 issued on 01/28/2009 at Caloocan City.

Notary Public
Doc No. _______________;
Page No. ______________;
Book No. ______________;
Series of 2010