ABC GROUP CORPORATION

BOARD OF DIRECTORS’ MEETING MARCH 28, 2018

A.S. Fortuna Street, Mandaue City

During a special meeting of the Board of Directors held on 28 March 2018 attended by
members of the Board of Directors of ABC Group Corporation constituting a quorum, the
following resolutions have been duly passed and approved:

WHEREAS, the corporation seeks to apply for a license to operate a poker club with
the Philippine Amusement and Gaming Corporation (PAGCOR);

WHEREAS, PAGCOR requires a minimum paid up capital of Php3,000,000.00;

NOW THEREFORE, in view of the foregoing, BE IT:

RESOLUTION NO. 001 (Series of 2018)

“RESOLVED, as it is hereby resolved, that the corporation apply

for a license to operate a poker club in its building to be built in
A.S. Fortuna Street, Mandaue City Cebu with the Philippine
Amusement and Gaming Corporation (PAGCOR);

RESOLVED ALSO, as it is hereby resolved that the corporation

authorize its president, whose signature appears below, to be the
corporation’s attorney-in-fact and represent the corporation in its
application for the above-mentioned license with PAGCOR with
the power to sign and receive forms, documents and papers
relative to such application:

_______________________

RESOLVED FURTHER, as it is hereby resolved that the

corporation increase its paid up capital to Php3,000,000.00 from
the previous P1,875,000.00 with the knowledge and consent of
the majority of the corporation’s stockholders and in compliance
with the requirements set for the by PAGCOR and that each of
the stockholders have paid the corresponding increase in
proportion to their percentage of shareholdings, to wit:

New Paid-up
Capital Contribution

JOHN DOE Php600,000.00

JAMES DOE Php600,000.00
JEAN DOE Php30,000.00
JANE DOE Php1,740,000.00
JEN DOE Php30,000.00

Total Php3,000,000.00”

IN WITNESS WHEREOF, the following directors have hereunto affixed their signatures
this 2nd day of April 2018 at the City of Cebu, Philippines.

Page 1 of 2
JANE DOE JOHN DOE
President

JAMES DOE JEAN DOE

Corporate Secretary

JEN DOE

CERTIFICATION

I HEREBY CERTIFY THAT ON MARCH 28, 2018 THE BOARD OF DIRECTORS OF ABC
CORPORATION CONSTITUTING A QUORUM CONVENED A REGULAR MEETING AND
PASSED THE FOREGOING RESOLUTION NO. 001, SERIES OF 2018.

JEAN DOE
Corporate Secretary

SUBCRIBED AND SWORN TO BEFORE ME this 2 nd day of April, 2018 at Cebu City,
Philippines. Affiant exhibited to me a competent form of identification consisting of
__________________________,

Doc. No. ____;

Page No. ____;
Book No. ____;
Series of 2018.

Page 2 of 2