BOARD RESOLUTION

WE, [insert names of board members in board meeting] (hereinafter the

“Stockholders”) comprising [insert if they constitute a quorum, or all of board
members, or all of the stockholders] of record of [insert name of corporation], a
corporation duly organized and existing under and by virtue of the Laws of the
Republic of the Philippines with principal office address at [insert office address]
(hereinafter the “Corporation”), after having been duly sworn in accordance with law,
do hereby certify, depose and state:

At the special meeting of the Stockholders of the Corporation duly held and
convened on ________________________ at which all stockholders were present,
participated and acted throughout the duration of the meeting, the Stockholders
unanimously approved the following resolution:

“RESOLVED, that the Corporation has extended the amount of THIRTY FIVE
MILLION (Php.35,000,000.00) to PRODUCTS MOVER, INC., through its President and
Chairman, _____________;

RESOLVED, that by virtue of the settlement offered by PRODUCTS MOVER, INC.,

through its President and Chairman, _________________, relative to its restitution, the
Corporation has agreed to extinguish and render the entire obligation fully satisfied;

RESOLVED, FINALLY, that the foregoing authority shall remain valid and
subsisting until and unless revoked by the Board in another resolution.”

________________________ __________________________
Member Member

________________________ _________________________
Member Member

________________________ _________________________
Member Member

SUBSCRIBED AND SWORN TO before me this ___ day of _______________,

20____, the above-named persons who were exhibiting to me their respective
government-issued identification cards, as follows:

Name I.D. Issued on/at

__________________________ ___________________________________________
__________________________ ___________________________________________
__________________________ ___________________________________________
__________________________ ___________________________________________
__________________________ ___________________________________________
__________________________ ___________________________________________

Doc. No.: _____;

Page No.: _____;
Book No.: _____;
Series of 20____.