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EXCERPTS FROM THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE LEAGUE OF POPULATION OFFICERS 10 (LEPOPHIL10) HELD ON APRIL 18, 2012 AT KITAOTAO BUKIDNON.

PRESENT: (insert names of persons present in the meeting/election) _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________

RESOLUTION NO. ___ SERIES OF _____

RESOLUTION DESIGNATING NEW SIGNATORIES TO LEPOPHIL10 SAVINGS AND CHECKING ACCOUNTS

WHEREAS, during the regular meeting of the Board of Directors of LEPOHIL10 held on April 18, 2012, the Body express concern on the urgent need of designating a new set of signatories to the savings and checking accounts of LEPOHIL10 in view of the appointment and election of the new set of officers held during the Regional Population Management Committee Conference on April 17 19, 2012; WHEREAS, the new Board of Directors elected Mr. _________ Palabrica as President and Ms. Caroline A. Neri as Treasurer of LEPOHIL10, the body deems it necessary to designate new signatories to its savings and checking accounts with Land Bank of the Philippines Carmen Branch thereby amending for the purpose Resolution__ Series of ___ (insert previous board resolution of LEPOHIL10 designating the signatories of the savings and checking account); NOW THEREFORE, on motion of Director______________, duly seconded by Director _________. It was RESOLVED to designate, as this Body hereby designates Mr. _________ Palabrica as President and Ms. Caroline A. Neri as Treasurer as the new official signatories to the LEPOHIL10 savings and checking accounts with Land Bank of the Philippines Carmen Branch thereby amending for the purpose Resolution__ Series of ___ (insert previous board resolution of LEPOHIL10 designating the signatories of the savings and checking account).

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RESOLVED FURTHER, that the accounts will bear the signature of Mr. _________ Palabrica as President and Ms. Caroline A. Neri as Treasurer, respectively. APPROVED.

-oOo-

I HEREBY CERTIFY to the correctness of the foregoing resolution.

(INSERT NAME OF SECRETARY) Secretary ATTESTED BY:

(INSERT NAME OF CHAIRMAN OF THE BOARD) Chairman of the Board

ACKNOWLEDGEMENT SUBSCRIBED AND SWORN before me this........ day of ........................... 20__, by ............................................. who exhibited to me his CTC No. ................................... issued on ................................. at ........................................... Notary Public Doc. No. .........: Page No. .........; Book No. .........; Series of 20__.

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SIGNATORIES TO THE LEP0PHIL10S SAVINGS AND CHECKING ACCOUNTS AT LAND BANK OF THE PHILIPPINES CARMEN BRANCH AS DESIGNATED UNDER RESOLUTION NO. ___ SERIES OF _____, SHALL BE THE FOLLOWING RESONS ENUMERATED HEREUNDER WITH THEIR RESPECTIVE POSITIONS AND SIGNATURES: NAME: SIGNATURE:

1. __________ PALABRICA President

2. CAROLINE A. NERI Treasurer

Page 4 of 4 LEAGUE OF POPULATION OFFICERS OF THE PHILIPPINES 10

CERTIFIED COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF LEAGUE OF POPULATION OFFICERS OF THE PHILIPPINES 10 HELD ON APRIL 18, 2012 AT THE REGISTERED OFFICE OF THE COMPANY AT ___________ AUTHORITY TO EXECUTE DOCUMENTS TO BE SUBMITTED BY THE COMPANY TO THE MULTI COMMODITY EXCHANGE OF INDIA LIMITED (MCX) The Chairman informed the Board that the Company has decided to change the authorize signatory to sign /execute and submit all the papers, letter, agreements, documents, writings, submissions etc. to be submitted by the company in connection with the day-to-day business transactions, operations and correspondence at Multi Commodity Exchange of India Limited. After discussions, the following resolution was passed at the meeting:
RESOLVED THAT the following persons namely:

Name of Authorized Signatory

Designation

Specimen Signature

be and are hereby authorized to sign/execute and submit all the necessary papers, letters,agreements, documents, writings, submissions etc. to be submitted by the company to MCX as may be required for day-to-day transaction,operation and correspondence. The acts done and documents shall be binding on the company, until the same is withdrawn by giving written notice thereof. RESOLVED FURTHER THAT, Mr./Ms._____________________ and Mr./Ms.____________________ be excluded from the authorised signatories. RESOLVED FURTHER THAT a copy of the above resolution duly certified as true by designated director/ authorised signatory of the company be furnished to MCX and such other parties as may be required from time to time in connection with the above matter. Certified true copy For (name of the Company)

Signature: Name: Designation: