BOARD RESOLUTION

No. 2019-____, Series of 2019

WHEREAS, The Board members were informed that the Company had
received a request for transfer of [Number of Shares] Equity shares held by
[Name of the Entity] along with duly filled in transfer deeds and share certificate
in original. The Company Secretary confirmed that the documents were in order.
The Board considered and approved the transfer of said share and passed the
following resolution:
“RESOLVED THAT, the approval of the Board be and is hereby accorded
to the transfer of [Number of Shares] Equity Shares of [Face Value] each as per
the transfer deed duly received and placed before the Board in the following
manner:
Number of Share
Name of the Name of the Distinctive
Transferred Total
Transferor No. Transferor with Transferee with Number/Share
Total Consideration
Folio no. Folio No. Certificate No.
Consideration

“RESOLVED FURTHER THAT, [Name of the Person(s) authorized] of

the Company be and are hereby severally authorized to authenticate the said
share transfer and to sign and endorse the share certificate in favor of the
transferee and to do all acts incidental and ancillary to give effect the said
transfer for and on behalf of the Company.”
“RESOLVED FINALLY, that the foregoing resolution has not been
revoked, amended, or in any manner modified and, accordingly, the same may
be relied upon until a written notice to the contrary is issued by the Corporation.
Approved and adopted this _____ in ____________ Philippines.

CERTIFIED CORRECT:

Corporate Secretary
 APPROVED BY THE BOARD OF TRUSTEES:

___________________ _____________________
Chairperson President

___________________ _____________________
Vice-president Board Member