Co-Signatories

Republic of the Philippines

PROVINCE OF SURIGAO DEL NORTE

Municipality of Socorro

De Oro Bunk House, Katoto, Brgy. Nueva Estrella

OFFICE OF DE ORO FARMERS ASSOCIATION, INC.

“EXCERPT FROM THE MINUTES OF THE FIRST ORGANIZATIONAL MEETING AT EXACTLY 1:00 O’CLOCK IN THE AFTERNOON, JANUARY 15, 2011 HELD AT DE ORO BUNK HOUSE, KATOTO, NUEVA ESTRELLA, SOCORRO, SURIGAO DEL NORTE”

PRESENT:

PRESIDENT : FERNANDO E. PIAO

VICE PRESIDENT : MARIO E. MASCARDO, SR.

SECRETARY : GLENN MARK C. DIZON

TREASURER : DANTE P. DIZON

BOOKKEEPER : JEANNETH B. CONIATO

BOOKKEEPER : GRETCHEN P. SARONG

AUDITOR : REMAR A. ELANDAG

AUDITOR : MARIETTA G. CULATA

BOARD OF DIRECTOR : ARLITO C. ELANDAG

BOARD OF DIRECTOR : MAHRIS G. BALBARINO

BOARD OF DIRECTOR : ELVIE P. BALBARINO

BOARD OF DIRECTOR : RONALD E. SUTANA

BOARD OF DIRECTOR : JUNDY JUALO

BOARD OF DIRECTOR : WALTER M. BOHOL

BOARD OF DIRECTOR : GEGIE M. RAMIREZ

BOARD OF DIRECTOR : ELGENIA B. BISAYA

BOARD OF DIRECTOR : ANGELITO JUALO, JR.

SB RESOLUTION NO. 02

Series of 2011

“A RESOLUTION DESIGNATING AS CO-SIGNATORIES FOR THE BANK ACCOUNT OF DE ORO FARMERS ASSOCIATION, INC. OF SOCORRO, SURIGAO DEL NORTE AND CONSEQUENTLY AUTHORIZING FERNANDO E. PIAO – DOFAI PRESIDENT, MARIO E. MASCARDO – DOFAI VICE PRESIDENT AND DANTE P. DIZON – DOFAI TREASURER AS THE OFFICIAL CO-SIGNATORIES OF THE SAID ACCOUNT”

WHEREAS, the duly constituted officials of De Oro Farmers Association, Inc. (DOFAI) has laid out its plan to formally open a bank account where all monetary resources of the organization will be deposited to ensure that transparency of financial transaction will be had;

WHEREAS, in its Resolution No. 1 series of 2011, DOFAI designates Land Bank of the Philippines, Inc. (LBP) as it official depository bank but to complete the requirements in transacting business with the latter institution, it needs to further designate and authorize some of its officials to completely facilitate its desire to open the organizations account;

NOW THEREFORE, upon motion of Engr. Dante P. Dizon – DOFAI Treasurer and duly seconded by Elvie P. Balbarino – DOFAI BOD, it was –

RESOLVED, as it hereby resolves, by this august body, to designate as co-signatories for the bank account of De Oro Farmers Association, Inc. of Socorro, Surigao del Norte and consequently authorizing Fernando E. Piao – DOFAI President, Mario E. Mascardo – DOFAI Vice President, and Dante P. Dizon – DOFAI TREASURER as the official co-signatories of the said account.”

RESOLVED FURTHER, that copies of this resolution be furnished to the Land Bank of the Philippines, Surigao City Branch, Surigao del Norte for its information and reference.

I HEREBY CERTIFY to the correctness of the above quoted resolution.

Certified true and correct:

GLENN MARK C. DIZON

Secretary

ATTESTED:

FERNANDO E. PIAO

President